UTM Offshore, Afreximbank Sign $11.4Bn Financing Deal
African Export-Import Bank has signed a financing deal with UTM Offshore Limited. This deal was signed at its 29th!-->…
Commission Cancels Niger Insurance, Standard Alliance’s Operational Licences
The regulator of the insurance industry, the National Insurance Commission, has cancelled the certificates of!-->…
Why Nigeria May Not Adopt Bitcoin As Legal Tender
In April 2022, the Central African Republic became the first African country to adopt Bitcoin as a legal tender.!-->…
Sterling Bank Launches Ethical Investment Platform
Sterling Alternative Finance has launched an ethical investment platform called Altinvest. During the launch in!-->…
FAAC Allocation Declines By 30%, States’ Finances May Worsen
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to!-->…
Nigeria Lost N500.6Bn Crude Oil In Five Months – Investigation
Revenues accruable to Nigeria from the sale of crude oil crashed by about N500.6bn between January and May this!-->…
FG Approves Reforms To Boost Non-Oil Revenue To N3.8 Trillion Annually.
The Federal Government through the Federal Executive Council (FEC) has approved reforms to boost Nigeria’s non-oil!-->…
The NGX Closes Flat As Market Cap Declines Slightly By N811 Million.
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)!-->…
Rising Inflation, Others Worsening Naira Volatility
The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that rising!-->…
Third Time Lucky For Italy’s De Nora Family As Shares Hit Market
Italy's De Nora family is relieved that the electrode manufacturer made it onto the Milan Stock Exchange. After!-->…
Nigeria Boosts Deep Blue Project, Signs $2.7m Deal With Japan.
In a bid to boost the deep blue project, the Federal Government of Nigeria has signed a $2.78m exchange of note!-->…
Unity Bank Plans N10m Business Grant In Entrepreneur Initiative- Nigeria.
Unity Bank has said it will commence the eight edition of its flagship Entrepreneurial Development Initiative;!-->…
Asian Shares Suffer Painful Quarter, Dollar In Rude Health
Asian shares were ending a rough quarter in a sombre mood. Amid fears central banks' cure for inflation will end!-->…
Over 20% Of Toshiba Investors Against Activist Fund Execs, Dissident Director.
More than 20% of Toshiba Corp (6502.T) shareholders voted against a dissident external director and two board!-->…
Russia’s Economy In May Fell 4.3% Year On Year.
Russia's economy shrank by 4.3% in May year on year after falling by a revised 2.8% in April; the economy ministry!-->…
French Inflation In June Hit Record High Of 6.5% – Preliminary Figures.
French inflation climbed further from the previous month to a record high of 6.5%, according to official!-->…
Gartner Revises 2022 Mobile Sales Estimates To Fall 7.1%.
Gartner forecast global mobile phone sales to fall 7.1% this year, revising its earlier estimate of a growth of!-->…
EU Backs Crypto Anti-Money Laundering Rules
European Union negotiators on Wednesday reached a provisional agreement on anti-money laundering rules for!-->…
Stocks Rise, Dollar Struggles On Fed Bets
World shares rose on and it pinned the dollar near five-week lows on hopes of an eventual slowdown in U.S.!-->…
Nigeria’s Unclaimed Dividends Rises To N180 Billion
The Security and Exchange Commission (SEC) has stated that the commission is working to ensure it reduces the!-->…
N50Trn Debt Stock: Again IMF Promises More Funds For Nigeria
Speaking at the National Economic Dialogue on ‘Critical Challenges Confronting the Nigerian Economy’ organized by!-->…
CBN Raises Interest Rate To 13%
The Central Bank of Nigeria on Tuesday raised the interest rate to 13% for the first time in two years. The!-->…
GSMA Says Google, Facebook, Others Are Squeezing Telcos’ Revenue
The global body of mobile network operators, GSM Association (GSMA), has said that online service providers such!-->…
Proposed Tariff Hike May Raise Telcos’ Voice Revenue To N1.55tn–NCC report
Telecommunications companies’ voice revenue could jump by at least N442.57bn to N1.55tn in a year. If the price!-->…
Oil Prices Take Breather After Three-Day Rally
Oil prices fell on Wednesday after rising in the previous three sessions, but it a limited loss on the view that!-->…
Asian Stocks Lose Bounce From Shorter China quarantine, Slip On Inflation Fears
Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over!-->…
Fuel Subsidy, Refinery Rehabilitation Gulped N1.3tn In Five Months – NNPC
The amount spent on petrol subsidy monthly has been depleting the revenues accruable to the Federation Account.!-->…
Afreximbank’s Payment Solution To Save Traders $5Bn
The African Export-Import Bank has created a payment solution platform, the Pan-African Payment and Settlement!-->…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance!-->…
Elon Musk Hits Over 100 Million Followers On Twitter
Elon Musk just passed the 100 million follower mark on Twitter. This made him the sixth user on the platform to!-->…