Real Time Financial News Website
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of the African Development Bank (AfDB) Group, taking over from Dr.…
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, marking a 22.9% increase from the same period last year, according to data from the Central…
The Government of Ghana has reaffirmed its commitment to equitable and transparent debt restructuring negotiations with its external creditors. According to a statement from the Ministry of Finance, the ongoing…
President Bola Tinubu has marked his two years in office by emphasizing the significant strides his administration has made in stabilizing Nigeria’s economy and reducing inflation despite ongoing challenges. In…
Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent across the continent, with Nigeria and South Africa among the hardest hit.…
Nigeria’s stock market continued its positive momentum on Wednesday, climbing by 0.27 percent. The uptick was largely driven by increased investor interest in select equities, most notably Northern Nigeria Flour…
Ghana’s currency, the cedi, has stunned markets with a dramatic 42% gain against the US dollar since January, outperforming all other African and emerging market currencies. This unexpected surge has…
In a speech marking his second year in office, President Bola Tinubu highlighted significant economic gains achieved through his administration’s reforms. One of the standout achievements, according to the president,…
The United States has imposed new export restrictions requiring companies to obtain licenses before shipping critical goods to China, including semiconductor design software, chemicals, machine tools, and aviation equipment. The…
Chinese AI startup DeepSeek has quietly rolled out an updated version of its R1 reasoning model, dubbed R1-0528, on the developer platform Hugging Face. Although the company has yet to…
In a move to bolster Ghana’s economic transformation through enhanced international trade and export development, the Ghana Export-Import Bank (GEXIM) has signed a Memorandum of Understanding (MoU) with the Saudi…
The African Development Bank (AfDB) has projected a significant drop of $39.84 billion in foreign funding to Africa by 2025, primarily due to reductions in Official Development Assistance (ODA) from…
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5 billion in external borrowing, along with additional loans in Japanese Yen and…
The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against engaging with Silverkuun Investment Cooperative Society, also known as Silverkuun Limited, which operates as…
The Nigerian Exchange (NGX) continued its positive streak on Wednesday, gaining N187 billion in market capitalisation amid strong investor optimism and increased trading activity. The All-Share Index rose by 296.39…
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according to the 2025 National Energy Statistical Bulletin by the Energy Commission. This growth…
Asian stock markets and U.S. futures surged following a ruling by the Manhattan-based Court of International Trade that blocked President Donald Trump’s April 2 tariffs, which targeted imports from U.S.…
Japan is unlikely to have sold off its substantial U.S. Treasury holdings despite a major sell-off in April, according to former Bank of Japan (BOJ) policymaker Sayuri Shirai. Shirai, now…
The Federal Government of Nigeria has launched a digital village pilot project in Ibwa 2, Gwagwalada, FCT, to provide free internet and improve access to telecommunications in underserved rural areas.…
The liberalisation of Nigeria’s foreign exchange (forex) market has restored investor confidence and stabilised the exchange rate, addressing long-standing volatility caused by dollar shortages and a slump in crude oil…
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead. This shift is driven by the operational ramp-up of the…
Major U.S. banks are beginning to explore opportunities in the cryptocurrency space, but are doing so cautiously due to lingering regulatory uncertainties. While recent signals from Washington—such as eased restrictions…
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover approaching $500 million—a nearly five-fold increase. This surge is credited to a series of bold…
In a major push toward digital transformation, the Federal Government of Nigeria has inaugurated a Presidential Committee on Digital Public Infrastructure (DPI) to coordinate the country’s strategic rollout of integrated…
The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and 2026, attributing this to persistent global financial market uncertainties. This…
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major obstacles facing tech innovators across Africa remain a lack of capital and…
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due to growing public debt, elevated lending rates, and a sharp…
Apple has disclosed that it thwarted over $2 billion in fraudulent transactions on its App Store in 2024, highlighting the intensifying battle against cyber threats. This figure contributes to a…
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded its footprint with the grand opening of a new boutique in Abuja. This…
The Nigerian Exchange Limited (NGX) witnessed sustained bullish activity as the market capitalisation soared past the N70 trillion mark. The All-Share Index (ASI) increased by 1.57%, closing at 111,606.22 points,…