Real Time Financial News Website
A class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York, accusing Diageo of misleading consumers by falsely labeling its Casamigos and…
Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially launched its operations in Nigeria with a high-profile event titled “Nigeria Dyna Day” on May 15, 2025, in Lagos.…
Nigeria has reaffirmed its readiness to strengthen trade and investment ties with the United States, according to Ambassador Abubakar Jidda, the country’s Consul-General in New York. Speaking at the 14th…
Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host MVNO Nigeria 2025: Unlocking Growth, Competition & Connectivity, a strategic summit organized by Africa…
The Central Bank of Nigeria (CBN) significantly reduced its net loans and receivables by over ₦4.1 trillion in 2024, primarily through cutting down its overdraft exposure to the Federal Government…
During Nigeria’s Second Republic, the government of Chief Victor Olabisi “Bisi” Onabanjo (1979–1983) marked a transformative era in Ogun State’s development—particularly in the areas of health and trade. As one…
In a new report released by the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate dropped slightly to 23.71% in April 2025. This marks a small but notable improvement…
The Naira continued its recent upward momentum on Wednesday, closing at ₦1,596.70 per US dollar in the official foreign exchange market, according to figures released by the Central Bank of…
Dr. Johnson Asiama, Governor of the Bank of Ghana, has stressed the importance of scaling digital assets and payment solutions to enhance financial inclusion and promote intra-African trade. Speaking at…
Ghana’s central bank is stepping up its efforts to protect the cedi’s recent gains by targeting over-the-counter US dollar withdrawals. Bank of Ghana board member and MP Isaac Adongo revealed…
Four European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have jointly pledged $80 million to BluePeak Private Capital Fund II…
The Nigerian government has launched the Nigerian Climate Investment Platform (NCIP), a pioneering initiative aimed at mobilizing up to $500 million in climate finance. This platform is designed to fund…
Nigerian crude oil is facing mounting pressure in the global market due to potential negotiations between Iran and the United States. Recent market data showed Nigerian crude settling at approximately…
The number of licensed digital lending companies in Nigeria has surged to 425 as of May 2025, a significant increase from 320 last year. This surge reflects the growing popularity…
Artificial Intelligence (AI), digitalization, robotics, and automation are significantly transforming workplace safety and health, according to a new report by the International Labour Organisation (ILO). These technologies are enhancing worker…
The migration fintech sector in Africa holds vast potential but faces significant challenges due to varying regulations, infrastructure limitations, and cultural diversity. Operating in this dynamic space requires more than…
The African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have announced a joint $610 million initiative to address climate-induced fragility in Africa’s most vulnerable regions, including the Sahel…
The Nigerian stock market continued its positive momentum on Wednesday, as the All-Share Index (ASI) increased by 0.27%, pushing the market capitalization up by N186 billion. This performance is part…
Nigeria has officially joined the Global Emerging Markets Committee (GEMC) Network, which focuses on implementing international sustainability standards in capital markets. The move aligns with the Securities and Exchange Commission’s…
European markets had a rocky session on Thursday, with major indices across the continent trading lower for a second consecutive day. Investor sentiment was shaken by a mix of underwhelming…
Vice President Kashim Shettima praised President Bola Ahmed Tinubu for making courageous and transformative decisions aimed at revitalizing Nigeria’s economy. Speaking at the 15th Mechanical Engineering Distinguished Lecture (MEDL) in…
In the first quarter of 2025, foreign investors pulled out a massive N420.37 billion from the Nigerian Stock Exchange (NGX), marking a 251% increase compared to the N119.81 billion in…
Microsoft is likely to dodge a significant EU antitrust fine after revising how it sells its Office and Teams software packages. The European Commission seems inclined to accept Microsoft’s latest…
In a heartwarming display of customer appreciation, First City Monument Bank (FCMB) has once again rewarded loyal customers through its popular Millionaire Promo, now in its 10th season. Four lucky…
As someone following Ghana’s business climate closely, I found it striking that the President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, is urgently calling for a…
The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half of the funds saved from the fuel subsidy removal to…
The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West Africa, particularly in Nigeria and Togo. According to new data…
Investors at the Nigerian Exchange (NGX) recorded significant gains on Wednesday, May 15, 2025, as market sentiment turned bullish, lifting market capitalization by N186bn. This upbeat trading session was primarily…
Las Vegas-based AI infrastructure startup TensorWave has successfully raised $100 million in a significant Series A funding round, announced on May 14, 2025. The funding positions the company to further…
U.S. Treasury yields edged slightly lower on Wednesday as investors processed new economic data and trade developments. The 10-year Treasury yield dipped by 1.4 basis points to 4.485%, while the…