Real Time Financial News Website
Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according to information from sources in the Apex Bank with knowledge…
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension…
Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the Nigerian Exchange Limited (NGX). It led the gainers’ chart…
The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million (totalling N10.5 billion), being five per cent ticket and cargo…
The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of July from N1.48tn in January. The National Pension Commission disclosed…
MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire Baxi, one of Nigeria’s leading super-agent networks. The deal, which is subject to…
FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could rake in as much as over N200billion from the deal. This amount…
There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc. The fight is between the current chairman of the Bank, Mr. Tunde Hassan-Odukale, who is…
FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire businessman, has acquired 5% stake in the company. In what…
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world’s largest companies, SpaceX and Tesla, is set to become the world’s first trillionaire. According to…
German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings performance in the third quarter. SAP’s third-quarter cloud…
The need to improve security and trade between Nigeria and Turkey formed the highlight of the bilateral agreements signed yesterday in Abuja between President Muhammadu Buhari and his Turkish counterpart,…
China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its assets to Hopson Development Holdings fell through. Hopson shares…
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a…
Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to…
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell 6.3% last week compared with the previous week, according to…
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked exchange-traded fund (ETF) listed on the New York Stock. On Tuesday, Bitcoin rose…
The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of regulatory criteria, even as it is in the process of delisting…
An ongoing report making rounds on social media claims that Piggyvest lost N2 billion in an alleged scam involving a micro-lending company Imagine Global Solution Limited. The report alleged that…
Nigerian Exchange Group Plc has listed its entire issued and fully paid 1,964,115,918 ordinary shares of 50 kobo each at N16.15 per share. The Nigerian Exchange Limited said in its…
The Debt Management Office (DMO) on behalf of the Federal government has offered for subscription N150 billion worth of FGN bonds by auction. This is according to a disclosure published…
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people…
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition…
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following renewed buying interest in 27 stocks. The NGX All-Share Index…
Private equity firm Adiwale Partners has made a final close of its first fund, nearly two years after making a first close and four months after striking the maiden deal…
Africa50, a pan-African investment platform, has launched $500 million Infrastructure Acceleration Fund to bridge the continent’s infrastructure gap. Africa50’s investor base composed of 28 African countries, the African Development Bank(AfDB),…
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital to enhance its enterprise product offerings. Stone Three, which develops…
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance Company (REGIC). The investment was made through its private equity…
National Pension Commission (PenCom) says the nation’s total pension assets have risen to over N13 trillion. Director-general of the pension commission, Aisha Dahir-Umar, made the disclosure yesterday at the opening…
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week on a positive note achieving a gain of N247billion in…