Real Time Financial News Website
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great Transformational Plan (GTP) aimed at lifting Ghana out of its persistent economic challenges and…
In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent to $440.13 million on Friday. 00he naira concluded the week at N1435.53/$ after a…
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of 2,500 metric tonnes of cocoa beans from Cote d’Ivoire and Nigeria. In a statement dated…
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion. The All-Share Index and market capitalisation of the domestic bourse rose by 1.63…
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus foreign exchange holdings ahead of the midnight deadline set by the Central…
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks to sell their excess dollar stock by February 1, 2024.…
FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi Otedola as its new chairman of the board of directors. The corporate filing,…
Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to the unavailability of dollars. Mallam Abdulahi Dauran, Chairman of the Association, made this announcement…
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test runs, with refined petroleum products expected to enter the market shortly. This announcement came…
The Nigerian naira experienced another decline on Tuesday in the official market, narrowing the disparity between the bank rate and the street rate to less than 1 percent. This marks…
The Nigerian Autonomous Foreign Exchange Market witnessed a historic low on Monday as the naira plunged to N1348.63 against the dollar, marking a staggering 51.21% drop from its previous close…
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted supply to the Nigeria-Morocco gas pipeline project. The minister conveyed this commitment during a…
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from the United States in the coming months. While the refinery…
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S. interest rate cuts waning. The dollar remained strong, and escalating tensions in…
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in the first six months. They express concern about the sector’s challenges, emphasizing the need…
Despite the Federal Government’s initiative to provide a 50% fare rebate from December 21 to January 4, 2024, passengers are expressing disappointment as the anticipated relief in transportation costs has…
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented by the Independent Petroleum Marketers Association of Nigeria, due to the ongoing debate on the…
In December 2023, Africa’s largest economy, Nigeria, witnessed a decline in its external reserves, dropping by approximately $77.23 million or 0.23%. According to data from the Central Bank of Nigeria,…
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected to become operational on November 30, 2023. The portal is aimed at simplifying…
The International Monetary Fund (IMF) and the World Bank have confirmed that their scheduled 2023 Annual Meetings will proceed in Marrakech, Morocco, despite the recent earthquake that resulted in significant…
The world’s total debt has surged to a staggering $235 trillion, with the United States and China contributing a significant 50% of this total at $117.5 trillion combined. This data,…
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress (NLC), emphasizing that it might lead to counter-productive outcomes. They suggest that the…
The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude prices trading above the set limit due to a global…
The International Finance Corporation (IFC) is considering an investment of $50 million in the Emerging Markets Infrastructure Fund II, a fund targeting transport and energy infrastructure projects in Africa and…
The Biden administration is providing $12 billion in grants and loans to auto manufacturers and suppliers to retrofit their plants for the production of electric and other advanced vehicles. This…
As China grapples with an economic slowdown and a debt crisis in the property sector, authorities have rolled out a series of measures to stimulate the economy and revive the…
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during the previous week’s auction. This astonishing rise occurred despite the…
Insurance companies have informed ship charterers operating in Russia’s Black Sea ports of a significant increase in “war risk premiums,” reflecting heightened tensions in the region. This premium, which was…
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear message on its economic revival strategy and to address uncertainties arising…
U.S. stock index futures have shown positive movement as optimism regarding Nvidia’s upcoming earnings report continues to bolster megacap growth stocks. Additionally, the decline in yields on longer-dated government bonds…