Real Time Financial News Website
Nigerian airline operators have confirmed that, they are sourcing Jet A1 fuel from Dangote’s refinery to curb the high cost of imported fuel. According to the Airline Operators of Nigeria…
The United States Chamber of Commerce has committed $320 million toward mortgage refinancing and SME financing in Nigeria, marking a significant boost for the country’s housing and business sectors. This…
Three major oil marketers are set to import about 141 million litres of Premium Motor Spirit (PMS) into Nigeria this week, following the full deregulation of the downstream oil sector…
The Ministry of Petroleum Resources (Gas) has clarified that Dangote Group’s decision to abandon a proposed 1,200km subsea gas pipeline was a business choice, not due to government policies, as…
On Wednesday, the Federal Government will unveil a strategy aimed at positioning Nigeria as a global leader in the Halal economy, a sector projected to contribute $1.5 billion to the…
Billionaire businessman Femi Otedola has praised Nigerian President Bola Tinubu following the start of fuel loading at the Dangote Refinery on September 15, 2024. In a social media statement, Otedola…
Global stock markets saw declines this week due to inflation data from the U.S. and China, sparking hopes for a possible interest rate cut by the Federal Reserve, according to…
On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early London trading. Travel and leisure stocks led the charge, increasing by 1.69%,…
World stocks held steady on Tuesday while the dollar remained near a two-week high as investors awaited crucial U.S. economic data. The focus is on the ISM manufacturing survey and…
Asian markets fell on Tuesday as investors anticipated the upcoming U.S. jobs report, which is expected to influence the Federal Reserve’s interest rate decisions. The report, due on Friday, is…
Nigeria’s petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock as the Nigerian National Petroleum Corporation (NNPC) faces a $6 billion debt to offshore product…
U.S. stock index futures continued their upward trend on Friday, bolstered by a key inflation report that showed price pressures were nearly in line with expectations for July. The Personal…
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day’s losses as investors gained N117 billion. The market capitalisation rose by 0.21 percent, closing at N55.4 trillion,…
Nigeria and Germany plan to surpass last year’s $500 million in energy deals by targeting even larger agreements in 2024. The deals, including renewable energy and gas export agreements, are…
Canada has announced plans to impose a 100% tariff on imports of Chinese electric vehicles (EVs) and a 25% tariff on imported steel and aluminum from China, following similar actions…
UBS Global Wealth Management has increased the likelihood of a U.S. recession to 25% from 20%, pointing to a weakening job market and concerning July unemployment data as key factors.…
The Federal Government of Nigeria has issued a stern warning to companies and individuals holding oil block licenses who have not secured investments or begun exploration activities, indicating that their…
U.S. stock index futures saw modest gains on Wednesday as investors awaited key economic updates, including revised U.S. payroll data and minutes from the Federal Reserve’s July policy meeting. The…
The Nigerian National Petroleum Company (NNPC) has delivered petrol to depots in Port Harcourt and Warri in an effort to alleviate the fuel scarcity and long queues at filling stations…
The Central Bank of Nigeria (CBN) announced a substantial increase in remittance inflows, reaching $553 million in July 2024, marking a 130% rise from the same period in 2023. This…
European stocks declined on Tuesday afternoon, with the Stoxx 600 index down 0.29% as market uncertainty over future interest rate cuts persisted. Most sectors were in the red, except for…
The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share Index fell by 1.51%, closing at 97,100.31 points. The market capitalization also dropped…
The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for the Dangote Petroleum Refinery could severely impact Nigeria’s economic recovery and exert additional…
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of losses. Investors saw a decline of N56 billion as the All Share Index (ASI)…
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added Tax (VAT) exemption on selected basic food items. This policy would be effective…
A new PwC Nigeria report reveals that 67% of Micro, Small, and Medium Enterprises (MSMEs) have seen a drop in demand over the past two years due to rising inflation.…
The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by 0.72% to 97,881.75 points. This drop reduced the…
Despite a recent sharp drop in U.S. stock markets, retail investors continued buying shares, particularly in tech stocks like Nvidia, Intel, and AMD. Research from Vanda indicates that individual investors…
U.S. stock markets have experienced significant volatility recently, spurred by alarming economic data and the unwinding of yen-fueled trades. The S&P 500 is down about 6% from its recent peak,…
U.S. stock index futures showed mixed results on Thursday as investors awaited a key jobs report that could offer insights into the American economy’s health. The uncertainty follows weak economic…