Nigeria Financial News

An explosion aboard the Trinity Spirit off the coast of Nigeria last year that killed five workers and left two others unaccounted for stands among the deadliest tragedies on an oil ship or platform in recent years

Airtel Africa which operates in 14 African countries has reported an 8.8 per cent year-on-year decline in consolidated net profit at USD 138 million in the fiscal's second quarter ended September 2023. The profit after tax stood at USD 152 million in the year-ago period, according to a release by the company which provides telecommunications and mobile money services. Airtel Africa's revenue for the quarter ended September 2023 came in at USD 1,246 million.

A UNESCO report released during Lagos Fashion Week notes Africa’s fashion industry is growing rapidly to meet demand but that inadequate investment still limits its potential

ATLANTA — ATLANTA (AP) — Metropolitan Atlanta is home to the second highest number of soundstages in the U.S., including the massive Tyler Perry Studios and Trilith Studios. But many productions have chosen to shoot in and around the city itself, often as stand-ins for other locations (it’s a popular double for New York). Here are some landmarks and towns you might recognize:

By Chijioke Ohuocha

The 2024 Turkish Presidential Annual Program, published on Oct. 25 in the Official Gazette of the Republic of Turkey, aims to finalize crypto regulations in the country within the calendar year of 2024. 

The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies.

Families in Niger say they are struggling after economic sanctions imposed in response to a military coup three months ago

Heineken retained its full-year outlook on Wednesday after the world's second largest brewer sold less beer in the third quarter but still took in more money due to higher prices and consumers opting for more expensive lagers. The Dutch maker of Europe's top-selling lager Heineken, as well as Sol and Tiger, said Brazil and Mexico were strong, Asia was improved from earlier but still down, Africa volumes were hit by declines in Nigeria and South Africa and Europe was affected by poor summer weather in July and August. Chief Executive Dolf van den Brink said in a statement that Heineken was seeing improved volume trends in half of its markets and was holding market share in just over half. «Whilst inflation-led pricing is tapering, we observe a slowdown of consumer demand in various markets facing challenging macro-economic conditions,» he said. Heineken said beer volumes fell by 4.2% on a like-for-like basis in the July-September quarter, with declines in all regions except the Americas.

Patricia, a Nigerian crypto exchange, is embarking on a significant debt restructuring initiative, offering customers the option to convert owed funds into Patricia shares.

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Celta de Vigo and Atlético de Madrid, we've got all the essential details you need to catch the action live. From match times in various countries to where you can watch it, this article has you covered. So, get ready for a football showdown that promises to be thrilling. Celta vs Atletico Madrid: Where to Watch Celta vs Atlético de Madrid? When it comes to catching this LaLiga matchup, you have a few options:

Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares.

Police in the Central African Republic think they have captured one of the alleged masterminds behind an apparent rug pull that left “hundreds” of citizens out of pocket.

Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.”

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

The Nigerian Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, revealed on Friday, Oct.13, that the Federal Government intends to grant a sum of $6,444 (5 million naira) each to 45 artificial intelligence (AI) focused startups and researchers. This figure makes a total of $289,980 (225 million naira) being given out for the purpose of AI.

Hardeep Singh Nijjar. India has asked Canada to withdraw the diplomats after Canadian PM Justin Trudeau alleged the involvement of Indian agents in the Nijjar killing. However, the claim has been vehemently rejected by India.

Most of the population in conflict-affected countries like Niger, Mali, Burkina Faso, Chad and northern Nigeria depends on climate-vulnerable agriculture

As FTX executives testify to the sheer magnitude of ex-boss Sam Bankman-Fried’s seismic crypto fraud during his trial, some can’t help but wonder what legitimate purpose the industry can ever actually serve.