Real Time Financial News Website
The Nigerian Communications Commission (NCC) has introduced a directive requiring all telecom licensees to publicly notify consumers about major network outages, detailing causes, affected regions, and expected restoration times. This…
Foreign portfolio investment into Nigeria’s equities market nosedived by 92.39% in April 2025, falling from N349.97 billion in March to just N26.64 billion. This sharp decline was primarily due to…
President Bola Tinubu’s mining reforms have significantly revitalized Nigeria’s solid minerals sector, leading to a sixfold revenue increase and attracting $800 million in foreign investments in 2024 alone. Minister of…
The Federal Government of Nigeria has disbursed conditional cash transfers to six million Nigerians within a six-month period, according to Prof. Nentawe Yilwatda, Minister of Humanitarian Affairs and Poverty Reduction.…
South Korean stocks surged over 2% on Monday, outpacing other Asia-Pacific markets, following U.S. President Donald Trump’s decision to postpone a 50% tariff hike on European Union imports. The Kospi…
Nigeria’s foreign trade payments through Letters of Credit (LCs) increased by 3.68 percent year-on-year to $267.96 million in the first four months of 2025, according to data released by the…
U.S. President Donald Trump has delayed the imposition of threatened 50% tariffs on European Union imports until July 9, giving both sides more time to negotiate a trade deal. The…
Starting June 5, 2025, commercial banks in Ghana will be required to maintain their cash reserves in the same currency as the deposits they receive. This is a significant shift…
The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3 per cent to N74.81 billion. This increase came even as the benchmark…
As President Bola Tinubu’s administration marks its two-year anniversary, Nigeria’s energy sector remains deeply entangled in both domestic and international challenges. Industry analysts argue that despite government rhetoric, progress remains…
The Association of Ghana Industries (AGI) is anticipating a reduction in Ghana’s policy rate, ahead of the Bank of Ghana’s monetary policy announcement scheduled for today. This follows the Central…
Nigeria is embarking on a significant overhaul of its telecommunications sector, with a $1 billion investment in new network equipment aimed at boosting service quality by the third quarter of…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the benchmark interest rate at 27.5% for the second consecutive time, alongside unchanged policy…
In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion, surpassing the N598.3 billion raised earlier in the month. Despite tough…
The Lagos State government has announced plans to release its first set of Artificial Intelligence (AI) guidelines, aiming to foster ethical and inclusive growth in a rapidly expanding global industry.…
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion personal investment in First Bank, crediting the economic and monetary reforms spearheaded by President…
U.S. stock futures held steady Thursday morning after a sharp market decline the day before, as concerns over President Donald Trump’s proposed tax and spending bill weighed on investor sentiment.…
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 percent since November 2024 has sparked sharp disagreements between the Manufacturers Association of Nigeria…
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting services across the country. According to data from Uptime, the Nigerian Communications Commission’s outage monitoring portal, all…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by the end of 2025, recent data shows Nigeria remains significantly behind this target, recording only…
In a major step toward enhancing Nigeria’s financial security, the Central Bank of Nigeria (CBN) has released a draft document outlining Baseline Standards for Automated Anti-Money Laundering (AML) and Combating…
Nigerians living in the United Kingdom are facing renewed financial challenges following a sharp rise in UK inflation, which jumped to 3.5% in April from 2.6% in March. This marks…
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized the substantial revenue the federal government gains from local investment.…
JPMorgan Chase CEO Jamie Dimon has cautioned that the U.S. economy could face the risk of stagflation, a troubling mix of stagnant growth, high inflation, and rising unemployment. In an…
OpenAI has announced the acquisition of io Products, a hardware startup founded by former Apple design chief Jony Ive, in a groundbreaking $6.5 billion all-stock deal. The move marks OpenAI’s…
The Bank of Ghana (BoG) has initiated a major review of its monetary policy framework, aiming to adopt more dynamic tools that will enhance liquidity management and boost private sector-led…
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March, according to new data from the Ghana Statistical Service. This marks…
Bitcoin soared to an all-time high on Wednesday, surpassing January’s peak as investor confidence rebounded after last month’s market volatility triggered by trade tensions. The cryptocurrency reached $109,760.08 before settling…
The Nigerian stock market experienced a downturn on Wednesday, with market capitalisation dropping by N70 billion. This decline was attributed to sustained sell pressure in 27 stocks, leading the All-Share…
Nigeria’s economic output per person remains critically low, placing the country 146th out of 191 globally, according to the World Bank’s May 2025 Nigeria Development Update. With a GDP per…