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Finance
FinanceTechnology
Carbon Completes Acquisition of Vella Finance to Enhance SME Financial Services
Digital financial service provider Carbon has finalised the acquisition of Vella Finance, a Nigerian fintech company focused on small and medium-sized enterprises (SMEs)....
FinanceWorld
Germany Becomes World’s Third-Largest Economy, as Japan Slips into Recession
Germany has overtaken Japan as the world’s third-largest economy, following Japan’s unexpected slip into recession. Japan’s economy contracted by 0.4 per cent in...
BusinessFinanceNews
Nigeria’s Inflation Not Looking Good – NBS 2024 Report Shows
Despite being Africa’s largest economy, Nigeria’s National Bureau of Statistics (NBS) released the inflation report for January 2024 on Thursday, showing a 0.98%...
FinanceNews
Naira Hits Record Low of N1,600 Against Dollar
This morning, the Nigerian naira plummeted to an unprecedented low of N1,600 against the US dollar, marking a distressing milestone for the country’s...
FinanceNews
Nigeria’s Crude Oil Production Dropped in January 2024- OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria experienced a decline in crude oil production in January 2024. The intergovernmental...
FinanceNews
Fuel Climbs to N700/L in Sokoto, Borno, Kano
Despite the Nigerian National Petroleum Company Limited (NNPCL) assuring that they won’t increase fuel prices, independent sellers have increased their prices to more...
FinanceNews
Access Holdings Appoints Bolaji Agbede as Acting Group CEO
Access Holdings yesterday announced the appointment of Bolaji Agbede, as the Acting Group Chief Executive Officer, succeeding late Herbert Wigwe, pending approval from...
FinanceNews
Auditor-General Asks CBN to Account for $4.5b Missing from Foreign Reserves
The Auditor-General of the Federation, Shaaka Kanyitor Chira, has queried the Central Bank of Nigeria (CBN) about a substantial $4.5 billion missing from...
FinanceNews
NLC: “New Minimum Wage Should be N1 Million Due to Hardship”
Nigerian Labour Congress, NLC, has indicated it might push for a new minimum wage of up to N1 million for Nigerian workers. The...
FinanceNews
EFCC Arrests 3 in Kaduna For Selling Naira Notes
The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) arrested three individuals for suspected racketeering involving N1,307,400. The arrested suspects,...
FinanceNews
EFCC Forms Special Task Force to Fight Dollarization, Currency Mutilation
The Economic and Financial Crimes Commission (EFCC) has raised a dedicated task force across its zones to fight the dollarization of the economy...
FinanceNewsWorld
China’s Stock Market has Lost $1 Trillion in Value
China’s stock market is reportedly facing a crisis as it lost $1 trillion in market capitalization in just 13 trading days. The market...