Real Time Financial News Website
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit (PMS),…
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within the last year, with $600 million coming from strategic deals…
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20, 2025, marking a significant milestone in Nigeria’s economic governance. Scheduled…
After a strong start to the week driven by positive economic signals, U.S. stock futures held steady early Wednesday as investors awaited further trade developments and Federal Reserve commentary. Futures…
The Nigerian Exchange (NGX) saw a strong rebound yesterday, reversing earlier losses as investors took advantage of bargain opportunities in key stocks like Beta Glass and Oando. This positive shift…
European stock markets remained steady on May 14, 2025, following a significant rally driven by easing global trade tensions. The STOXX 600 index was marginally down by less than 0.2%,…
Nigeria is facing an escalating cybersecurity crisis due to a severe shortage of skilled professionals, just as the volume and sophistication of cyberattacks reach record highs. Reports show that Nigerian…
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), has unveiled the Non-Resident Bank Verification Number…
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential repairs during an unexpected month-long shutdown. Originally scheduled to carry…
The Abia State Government has signed a Memorandum of Understanding (MoU) with MTN Nigeria to advance its digital transformation strategy. The agreement, revealed by the State Commissioner for Information, Mr.…
In the first quarter of 2025, foreign portfolio outflows from Nigeria’s equities market surged to N420.37 billion, reflecting a significant 251% year-on-year increase compared to the same period in 2024.…
The World Bank has criticized Nigeria’s conditional cash transfer program, launched by the Federal Government in 2023, for failing to adequately support vulnerable households. According to the World Bank’s latest…
The International Monetary Fund (IMF) has issued a warning about the rapidly growing electricity demand driven by the expansion of Artificial Intelligence (AI) technologies. As AI models and cloud computing…
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new investment opportunities, highlighting the ongoing economic recovery as a key…
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the FPSO Kwame Nkrumah. The temporary halt occurred over the weekend…
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) recorded a 0.46 percent increase on Tuesday, signaling renewed investor interest in select equities. The market capitalization rose by N315 billion, closing…
Opera has officially launched its MiniPay app for digital dollars on both iOS and Android platforms, providing a user-friendly, low-cost stablecoin wallet powered by the Celo blockchain. MiniPay allows users…
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending money home. A proposal put forward by House Republicans aims to introduce a…
In a major shift signaling thawing trade relations, China has officially lifted its freeze on accepting Boeing aircraft deliveries. This decision follows a new 90-day trade agreement between Beijing and…
The World Bank has projected that Nigeria’s inflation rate could drop to an average of 22.1% in 2025, thanks to the Central Bank of Nigeria’s (CBN) continued tight monetary policy.…
The Nigerian Exchange Limited (NGX) began the week on a negative note, with the All Share Index (ASI) dipping by 0.4%, or 471.93 points, to close at 108,261.47 points. This…
Economic activities in Nigeria experienced consistent growth for the fifth consecutive month in April 2025, with a 52.2 index point increase, according to the Central Bank of Nigeria (CBN). The…
Nigeria’s external reserves have fallen to their lowest levels in eight months, reaching $37.9 billion by the end of April 2025. This marks a $375 million drop compared to March…
In May, global fund managers marked their most significant retreat from the U.S. dollar since 2006, according to Bank of America’s latest Fund Manager Survey. The decline in confidence was…
President Donald Trump is heading to the Gulf for a high-stakes diplomatic visit, making stops in Saudi Arabia, the UAE, and Qatar. This trip is packed with ambition: everything from…
In a historic move last week, the Nigerian Senate passed a suite of tax reform bills aimed at revitalizing the country’s economy. These reforms, central to President Bola Tinubu’s economic…
Apple is preparing to address one of the most common issues iPhone users face—battery life—by integrating artificial intelligence (AI) into its iOS 19 update, scheduled for release in September 2025.…
Nigeria’s journey toward achieving a $1 trillion economy has received cautious recognition from the World Bank, which praised the country’s modest economic improvements while expressing concerns about the sustainability of…
The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)’s handling of proceeds from the removal of petrol subsidies. Although President Bola Tinubu announced the end…
The Nigerian naira gained strength against the US dollar on Monday, closing at ₦1,597.7/$1 in the official foreign exchange market. This represents an improvement of ₦9.3, or 0.58%, from Friday’s…