Real Time Financial News Website
President Bola Tinubu has officially approved a bold new reform initiative for Nigeria’s power sector, signing off on the National Integrated Electricity Policy at the Federal Executive Council meeting held…
The Securities and Exchange Commission (SEC) has scheduled its first-quarter Capital Market Committee meeting for May 19, 2025. The event will be held in Victoria Island, Lagos, and aims to…
Nigeria is facing a dual economic crisis as Brent crude oil prices plummet below $60 per barrel, sparking fears of a destabilized exchange rate and a widening fiscal deficit. This…
The Trump administration’s proposed 2026 budget includes a significant reduction in U.S. support for the African Development Fund (ADF), which targets the continent’s poorest nations. The proposed cuts, totaling $555…
Bybit, a prominent crypto exchange, is diversifying its offerings by adding U.S. stocks and commodities like gold and crude oil to its trading platform. Announced during a May 3 livestream…
In a major move to overhaul the mining sector, the Enugu State Government has launched new regulations aimed at formalizing operations, improving safety, and ensuring fair revenue distribution to host…
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising from N77.67 billion in 2023 to N315.18 billion. The surge was attributed…
The U.S. dollar weakened on Monday following a dramatic surge in the Taiwan dollar, which jumped over 7% in just two trading sessions. This unexpected rally sparked speculation that Asian…
President Donald Trump’s tariff policies are beginning to drag significantly on the global economy, disrupting decades of relatively free and stable international trade. From large multinationals to smaller e-commerce businesses,…
In a decisive break from its turbulent past, the Central Bank of Nigeria (CBN) has posted its 2024 financial results, showing a dramatic turnaround marked by improved transparency, policy coherence,…
President Bola Tinubu is taking urgent steps to prevent a potential collapse of Nigeria’s power sector by addressing the staggering N4 trillion debt owed to electricity generation companies (GenCos). In…
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has firmly responded to Meta’s warning about potentially pulling Facebook and Instagram services from the country, labeling it a public pressure tactic…
Global oil markets faced renewed turbulence in April as heightened trade tensions—particularly between the United States and China—sparked a sharp drop in crude oil prices. Despite oil being exempt from…
Global stock markets rebounded strongly on Friday following signs that the United States and China may return to the negotiating table to ease trade tensions. China’s commerce ministry signaled its…
The 2025 edition of the Nigeria eGovernment Summit is gearing up to advance digital governance through the strategic use of public-private partnerships (PPPs). Organized by DigiServe Network Services in collaboration…
Nigeria has become Africa’s fastest-growing Web3 developer hub, contributing 4% of all new global Web3 developers, the highest in the continent. This surge in developer activity places Nigeria at the…
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre, surpassing the price offered by Dangote Petroleum Refinery, according to reports…
The African Development Bank (AfDB) has officially approved a new Country Strategy Paper (CSP) for Nigeria, covering the period from 2025 to 2030. This strategy includes an annual financial commitment…
The Securities and Exchange Commission (SEC) has issued a public warning regarding TOFRO.COM (Tofro), an online cryptocurrency trading platform, labeling it a suspected Ponzi scheme. The SEC cautioned Nigerians to…
Aliko Dangote, President of Dangote Industries Limited, has signaled confidence in the face of new U.S. tariffs, announcing plans to double urea exports to America despite a 14% levy imposed…
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility programme with the International Monetary Fund by April 2026, as originally scheduled. Speaking during…
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary Fund’s 4% estimate and the World Bank’s 3.9%. This positive…
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to oversee the deployment of a new digital invoicing platform aimed at improving tax transparency and curbing tax…
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of 2025, reaching N2.11bn, compared to N1.34bn in the same period…
Despite a federal investigation and a reported N1.2 trillion loss impacting over 600,000 Nigerians, Crypto Bridge Exchange (CBEX) has resumed operations. The embattled crypto trading platform, flagged by the SEC…