Real Time Financial News Website
The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector. These new tools aim to improve market structure, expand participation,…
Africa’s cross-border payments market is poised for significant growth, with projections estimating it will nearly triple to $1 trillion by 2035, up from $329 billion in 2025. This surge is…
Global stock markets showed mixed signals on Wednesday as investors grew cautious ahead of Nvidia’s highly anticipated earnings report later in the day. Shares dipped slightly, with major futures indexes…
Asia-Pacific markets showed a mixed performance on Tuesday as investors digested the implications of U.S. President Donald Trump’s decision to defer half of the planned tariffs on European Union imports.…
President Bola Tinubu has proposed a fresh borrowing plan that will increase Nigeria’s total public debt from nearly ₦145 trillion at the end of 2024 to about ₦183 trillion. In…
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank fully operational. Speaking at the 2025 Africa Energy Technology Conference…
The Nigerian government has announced an ambitious N3.3 trillion ($2 billion) digital infrastructure plan aimed at closing the country’s digital divide and improving broadband access nationwide. The initiative, dubbed Project…
Google has unveiled a range of cutting-edge artificial intelligence (AI) advertising tools aimed at accelerating digital growth in Nigeria and across Sub-Saharan Africa. These innovations were announced at the Google…
The Nigerian Exchange Limited (NGX) saw its market capitalisation cross the N70 trillion mark, driven by strong investor demand for Airtel Africa Plc and 35 other stocks. This remarkable milestone…
The Federal Government of Nigeria has reiterated its strong commitment to deepening its strategic partnership with China, emphasizing that the collaboration is central to Nigeria’s industrial and economic development. President…
Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy toward sustainable growth without further reliance on the International Monetary Fund (IMF). Speaking to Joy…
President Bola Tinubu has formally requested the Nigerian House of Representatives to approve a comprehensive borrowing plan totaling over $21.5 billion in external loans alongside ₦757.9 billion in domestic bonds.…
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at the Port Harcourt Refinery (PHRC). This marks a setback after…
U.S. stock index futures surged on Tuesday following the Memorial Day weekend after former President Donald Trump softened his stance on steep tariffs against the European Union. Initially proposing a…
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called for a complete overhaul and strengthening of Nigeria’s Investment Promotion…
The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored for non-interest financial institutions. These tools—comprising the Nigerian Non-Interest Financial Institutions’ Master Repurchase Agreement…
Turkey has unveiled ambitious plans to increase its trade volume with Nigeria from the current $1 billion to $5 billion, representing a 500% surge. The initiative is part of a…
The Central Bank of Nigeria (CBN) concluded its 300th Monetary Policy Committee (MPC) meeting by maintaining the benchmark interest rate at 27.5%, alongside other monetary parameters. This marked the second…
Bitcoin is currently trading around $109,000 amid a volatile market environment marked by significant liquidations. Over-leveraged traders have been forced to sell off positions, pushing Bitcoin’s price to fluctuate between…
OpenAI announced it will establish its first office in Seoul, marking a significant step as demand for its ChatGPT service rapidly grows in South Korea. The company has also formed…
The Nigerian Exchange (NGX) bounced back strongly on Monday, adding N539.98 billion to its market capitalization and reversing losses from the previous week. The All-Share Index climbed 924.38 points (0.85%)…
The Securities and Exchange Commission (SEC) in Nigeria approved a total of N3.68 trillion in new market issues throughout 2024, according to Dr. Emomotimi Agama, the SEC Director-General. This figure…
Japan’s Ministry of Finance (MOF) is considering reducing the issuance of super-long Japanese Government Bonds (JGBs) amid rising yields and market jitters over the country’s growing debt, according to sources…
In preparation for high-stakes trade negotiations with Washington, European Union officials have urged major European companies to provide detailed information on their U.S. investment plans. According to sources close to…
In the first four months of 2025, stock transactions on the Nigerian Exchange (NGX) totaled N2.714 trillion, a significant increase from N1.894 trillion during the same period in 2024. Monthly…
In his first two years in office, President Bola Tinubu has embarked on a sweeping wave of economic reforms aimed at resetting Nigeria’s fragile economy. Key among these were the…
The Bank of Ghana has called on businesses operating within the country to conduct transactions in the local currency, the cedi, to help sustain the recent gains and stability it…
Outgoing U.S. Ambassador to Ghana, Virginia Palmer, highlighted that Ghana benefits from recent global tariff changes introduced by the United States, particularly compared to its trade competitors. In an interview…
The Nigerian naira is expected to remain relatively stable in the near term, supported by the Central Bank of Nigeria’s (CBN) interventions and a recent uptick in foreign reserves. Analysts…
The World Bank has urged Nigeria to implement higher excise duties on “sin goods” like alcohol, tobacco, and sugary drinks as part of the conditions for accessing a $750 million…