Real Time Financial News Website
Nigeria’s debt service payments surged by 49.2% year-on-year in the first four months of 2025, reaching $2.01 billion, up from $1.34 billion during the same period in 2024. This increase,…
The Nigerian naira appreciated on Wednesday in both the parallel and official foreign exchange markets. In the parallel market, the naira gained five naira, moving from N1,620 per dollar on…
The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a day earlier. Investors collectively lost about N70 billion in market capitalisation, as the…
A new SAP report has revealed that Africa’s fast-growing digital economy is fueling an unprecedented demand for artificial intelligence (AI) and cybersecurity skills, putting pressure on companies to rapidly adapt.…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking a staggering 76.73% increase compared to N701.24 in April 2024,…
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines. This was disclosed by the Commissioner for Home Affairs, Ibrahim Kayode, during a ministerial press…
Nigerian Breweries Plc has officially appointed Emmanuel Oriakhi as its new sales director, effective March 24, 2025. This announcement was made in a statement signed by Managing Director Hans Essaadi.…
Global stock markets remained subdued while the U.S. dollar slipped on Wednesday as investors grew increasingly uneasy over mounting fiscal concerns in developed economies. Market sentiment was particularly affected by…
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has commenced its 124th meeting to evaluate the country’s macroeconomic performance and set the direction for future monetary policy.…
The naira showed modest gains in both the official and parallel foreign exchange markets on Tuesday, appreciating to N1,625/$1 in the parallel market and N1,588.50/$1 at the official rate. This…
Despite facing one of the toughest economic periods in recent Nigerian history, seven tech companies have recorded a remarkable 621.53% increase in revenue between 2020 and 2023, surging from $76.14…
UK inflation surged unexpectedly in April, rising to 3.5% from 2.6% in March, the largest monthly jump since 2022. The figure exceeded both economists’ forecasts of 3.3% and the Bank…
Nestlé CEO Laurent Freixe has acknowledged that American consumers are feeling the strain of an economic slowdown, a situation intensified by recent U.S. trade policies. In an interview with Swiss…
President John Dramani Mahama opened the 3rd Ghana-EU Business Forum in Accra with a strong call to action for donors, investors, and industry leaders to invest in key value chains.…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that recent monetary reforms have made the naira more competitive, creating a favorable environment for boosting Nigeria’s…
In 2023, Nigerians spent an estimated ₦5.3 trillion on telecommunications services, covering voice calls, data usage, SMS, and other related services. This figure highlights the growing reliance on telecom infrastructure…
At its annual I/O conference in Mountain View, California, Google introduced major advancements in artificial intelligence, including a new “AI Mode” for Search and premium subscription services aimed at high-demand…
The United Kingdom and the European Union have reached a landmark agreement to reset their post-Brexit relationship, prompting a swift reaction in global financial markets. The deal, confirmed during a…
The Central Bank of Nigeria (CBN), at its 300th Monetary Policy Committee (MPC) meeting, opted to retain the benchmark interest rate at 27.5% to curb inflation and maintain macroeconomic stability.…
Despite ongoing economic headwinds in Nigeria, 21 major companies listed on the Nigerian Exchange (NGX) – including Seplat Energy Plc and MTN Nigeria – reported a combined revenue of N6.4…
Lagos State has announced a strategic partnership with Marketing Analytics Africa (MAA) to host the 2025 African Marketing Technology & E-commerce Conference (AMTEC). The event, themed “Marketing in the New…
Nigeria could forfeit an estimated $11 billion annually in potential economic growth due to a widening digital skills gap, according to Mr. Shola Oshilaja, Chairman of the Sector Skills Council…
Nigeria’s equities market posted a slight gain of 0.03% on Tuesday, equivalent to a N20 billion increase in market capitalization. This mild uptick followed the outcome of the 300th Monetary…
BudgIT, a civic technology organization advocating for transparency in public finance, has uncovered that the National Assembly inserted 11,122 projects valued at N6.93 trillion into the 2025 federal budget. The…
Yields on Japan’s super-long government bonds surged to historic highs on Tuesday, fueled by investor concerns over weak demand following a disappointing 20-year bond auction. The 20-year bond yield spiked…
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) convenes today amid high anticipation from economists and investors, as the committee grapples with whether to continue its tight monetary…
Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria, despite ongoing fluctuations in global crude oil markets. In a statement released on Monday and…
Nigeria’s digital economy is experiencing unprecedented growth under President Bola Ahmed Tinubu, attracting $191 million in foreign direct investment (FDI) in Q1 2024—up from just $22 million in the same…
At the recent Global Accessibility Awareness Day (GAAD) event in Abuja, young innovators advocated for improved digital connectivity as a vital solution to reducing the information gap that hampers sustainable…
The Nigerian government has underscored the vital role of the capital market in achieving its ambitious goal of a $1 trillion economy by 2030. Speaking at the 2025 First Capital…