Real Time Financial News Website
Ghana’s bond market witnessed a notable surge in secondary trading activity last week, with the total value of trades increasing by over 25%. The traded volume rose from GHS1.23 billion…
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has highlighted the recent appreciation of the Ghana cedi as a key sign of economic progress. Speaking during the inauguration of the Governing…
The Central Bank of Nigeria (CBN) has moved to calm public fears about the safety of the country’s banking sector, following the circulation of misleading reports on social media. In…
MTN Nigeria has taken legal action against over 20 banks in an attempt to recover a debt of approximately N6 billion from SleekChip Technologies Limited. The move follows a favorable…
Intel is reportedly exploring the sale of its networking and edge (NEX) business as part of a broader strategic shift under new CEO Lip-Bu Tan, according to sources familiar with…
The U.S. dollar is facing mounting pressure as investors increasingly perceive it as overvalued, despite recent declines. Weakened faith in “Brand USA” – driven by trade tensions, rising fiscal deficits,…
The Nigerian foreign exchange (FX) market recorded a slight uptick in trading activity last week, with total turnover across the FX Spot and Derivatives markets reaching $1.76 billion. This marks…
The Federal Government of Nigeria has reiterated its ambition to achieve a $1 trillion economy by leveraging private sector innovation and overhauling its capital market system. At the Capital Market…
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it anticipates only a single rate cut in 2025. The 30-year Treasury yield dropped…
Nigeria’s anticipated removal from the Financial Action Task Force (FATF) grey list is expected to significantly enhance investor confidence and attract foreign capital, according to Dr. Emomotimi Agama, Director General…
The Nigerian naira appreciated slightly to N1,597 per US dollar at the official market on Monday, showing modest improvement from Friday’s rate of N1,599.01/$1, according to the Central Bank of…
In a significant move for institutional cryptocurrency adoption, JPMorgan Chase CEO Jamie Dimon announced that while the bank will not hold Bitcoin directly, it will soon allow customers to purchase…
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8 billion in market capitalisation despite a rise in trading activity.…
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the redesigned website of the Securities and Exchange Commission (SEC), marking a significant milestone…
Artificial Intelligence (AI) has the potential to significantly transform Nigeria’s agricultural sector by increasing crop yields and minimizing losses, according to Chioma Okoro, Chief Operating Officer of Wootlab Innovations. Speaking…
President Bola Tinubu has approved the issuance of crucial regulatory licenses for the Kolmani Integrated Development Project, a major oil exploration initiative located between Bauchi and Gombe states. This approval…
Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and Sagecom Concepts Limited. The bank, in a public statement released Monday, confirmed that its…
Pan-African economic strategist and faith leader Cornelius Olajide Babalola has issued a renewed call for the final ratification of the Canada-Nigeria Foreign Investment Promotion and Protection Agreement (FIPA), urging both…
Foreign holdings of U.S. Treasury securities reached an all-time high of $9.05 trillion in March, according to the U.S. Treasury Department. This marked the third consecutive monthly increase and reflected…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members are currently unable to source petrol (Premium Motor Spirit) from Nigerian National Petroleum Company Limited…
As part of the global observance of Global Accessibility Awareness Day (GAAD), tech entrepreneurs and industry leaders have reaffirmed their dedication to promoting digital inclusion. Held every third Thursday in…
The Nigerian naira ended the week with a slight appreciation against the U.S. dollar, closing at ₦1,599.01/$1 in the official foreign exchange market, per Central Bank of Nigeria (CBN) data.…
Shell Plc has reported a staggering 122% increase in oil spill incidents in Nigeria in 2024, compared to the previous year. According to its 2024 Annual Report, Shell’s Nigerian subsidiary,…
Microsoft kicked off its annual software developer conference in Seattle, drawing thousands of developers eager to capitalize on the company’s massive investments in artificial intelligence. With $64 billion spent this…
The Nigerian foreign exchange market is witnessing growing tension as Bureau De Change (BDC) operators rush to meet the Central Bank of Nigeria’s (CBN) June 3, 2025, recapitalisation deadline. The…
The European Commission has revised its euro zone economic growth forecast downward, citing the ongoing trade war initiated by the United States as a primary cause. The updated projections now…
Markets responded sharply after Moody’s downgraded the U.S. sovereign credit rating late Friday, citing concerns over surging deficits and unchecked debt. Treasury yields climbed, with the 10-year note reaching 4.51%…
Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has been awarded the prestigious Millennium Excellence Award for Leadership by the Millennium Excellence Foundation. The…
Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as detailed in its unaudited financial report for the period ending…
Kaduna State is actively seeking foreign investment to transform its solid minerals sector, combat illegal mining, and generate jobs. At a recent quarterly ministerial briefing, Commissioner for Environment and Natural…