Real Time Financial News Website
According to the World Bank, Nigeria’s fiscal situation is weakened by high borrowing costs, falling energy prices, a slow increase in oil production, and muted activity in the oil sector.…
Bank deposits in Nigeria increased by N6.92 trillion from N36.13 trillion at the end of October 2021 to N43.05 trillion in the same period of 2022. This was stated in…
Despite lenders stockpiling funds for rainy days in anticipation of an economic slowdown that is wreaking havoc on investment banking, U.S. Banking behemoths are expected to report lower fourth quarter…
The European Central Bank is not expected to change its stance in response to the euro zone’s inflation declining for a second consecutive month in December, according to economists. In…
Nigeria debt 2022: If the National Assembly grants the president’s request to reorganize the Ways and Means Advances, Nigeria’s public debt load might reach N77 trillion. The Central Bank of…
According to information obtained by the PUNCH, the Economic and Financial Crimes Commission (EFCC) recovered almost N13 billion as the proceeds of unauthorized payments made between 2017 and 2021 under…
The National Assembly was encouraged by the President, Major General Muhammadu Buhari (retired), to reconsider his plan to securitize the remaining Ways and Means balance owed by the Federal Government…
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of cash payments would inevitably decline. This was stated…
The 2023 budget plan of N21.83 trillion and the 2022 supplemental appropriations bill were both passed into law by President Major General Muhammadu Buhari (ret.). It is his administration’s eighth…
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This information was provided in an interview with CBS, an American broadcast television…
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria’s foreign reserves in 2022. The CBN said that the external reserves, which were $40.52 billion as…
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for the Promotion of Private Enterprise. Part of the statement said, “The…
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will consume nearly 62% of government revenue…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a decision on the president’s request to convert central bank…
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, explain himself against claims that he was sponsoring terrorism. Because his acts…
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking into an alleged theft that allegedly siphoned off more than $370 million from cryptocurrency…
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs and a strong currency is having a detrimental impact on people…
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The global bank claims that this approach has increased the number of foreign exchange…
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar es Salaam Stock Exchange (DSE), where it was listed. The NBC…
Uganda and the International Monetary Fund (IMF) have established a staff-level agreement for the delivery of around $240 million in funding to the nation, the IMF announced. Following the formal…
Final agreement has been reached between the federal government and the 36 governors of the states to sell five power plants as part of the National Integrated Power Projects and…
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total assets. This information was released by the National Insurance Commission…
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export financing from Nigerian exporters are denied. Ayemibo delivered the speech at a…
According to the statistics office, inflation in Nigeria increased for the tenth consecutive month in November, rising to 21. 47% from 21.09% in October. According to the National Bureau of…
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total operating expenses in nine months of 2022, representing a 19.2 percent increase from…
According to a UN report, the value of global trade is set to set a new record this year, increasing by about 12% to an estimated $32 trillion, before slowing…
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%, as lower fuel prices helped ease price pressures, though high food and energy prices continued…
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross domestic product (GDP) in 2021 from its peak of 257% in…
On April 30, 2021, Beyond Capital Ventures was established with the goal of making investments in early-stage businesses in India and East Africa operating in “must-have” industries like fintech, healthcare,…
The Federal Republic of Germany’s government has pledged to give grants totaling about €82 million to important sectors of the Ghanaian economy in 2019. Following the conclusion of bilateral negotiations…