Real Time Financial News Website
On May 7, 2025, the Central Bank of Nigeria (CBN) held a successful Nigerian Treasury Bill (NTB) auction, raising a total of N598.3 billion despite significant market liquidity. The auction…
Airtel Africa is making significant strides in its preparation for the IPO of Airtel Money, its mobile money service, with the company projecting a listing in the first half of…
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive structured urban development across various sectors. This was revealed by…
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of 131,561 barrels of oil equivalent per day (boepd). This marks…
In a bid to improve the accuracy of Nigeria’s trade statistics, the Nigerian Export Promotion Council (NEPC) and the National Bureau of Statistics (NBS) have signed a Memorandum of Understanding…
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years, growing from N39.08 billion in 2021 to N155.8 billion in 2025. This…
The Nigerian Senate has approved two key Tax Reform Bills aimed at overhauling the country’s tax system. This is part of a broader effort to modernize the nation’s tax framework…
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd) by the end of 2025, assigning this goal to the…
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs. The World Bank’s latest forecast predicts a 7% decrease in…
In a significant legal win for Microsoft, a federal appeals court ruled on May 7, 2025, to reject a challenge by the Federal Trade Commission (FTC) aimed at blocking the…
The Trump administration is set to rescind and revise a Biden-era regulation that aimed to limit the global export of advanced artificial intelligence (AI) chips, according to a Department of…
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in the latest draw of the bank’s Season 10 Millionaire Promo.…
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and Britain, as well as anticipation ahead of U.S.-China trade talks. Nasdaq…
Africa’s digital economy is undergoing rapid transformation, with fintechs leading the charge. While traditional players like Moniepoint and Flutterwave have made names for themselves by focusing on specific niches, a…
In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April 2025 figures dropping to 21.2% from 22.4% in March. This…
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among Ghanaian businesses under President John Mahama’s leadership. He said Mahama’s…
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs), aiming to foster innovation, efficiency, and modernization across the country’s…
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at the height of the COVID-19 crisis. The loan, received on…
Nigeria’s Economic Outlook Amid Tough Reforms, Exiting Foreign Companies and New Investments Despite recent economic challenges, Nigeria is showing signs of recovery and renewed investor interest, thanks to bold reforms…
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform bills under consideration. The bills include one that repeals the…
In a strong indication of recovery, African startups have collectively raised $803 million in funding between January and April 2025—a 43% increase compared to the $563 million secured during the…
Oil prices bounced back sharply on Tuesday, climbing roughly 3%, following signs of stronger energy demand in Europe and China and a decline in U.S. oil production. Brent crude settled…
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as “Tomato Ebola,” which has devastated tomato farms in Kano, Katsina,…
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization in a single day, buoyed by strong investor demand for…
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing of price pressures. This decline marks a modest improvement from…
Google has sounded the alarm for its 1.8 billion Gmail users, urging anyone affected by a recent password hack to act within seven days or risk losing access to their…
Investors are turning to traditional safe-haven assets like gold and digital alternatives like Bitcoin as geopolitical tensions and economic uncertainty escalate. Gold prices soared above $3,350 per ounce, while Bitcoin…
A new report titled 2025 Africa Carbon Market Outlook (ACMO 25) reveals that Africa is on track to emerge as a global leader in both voluntary and compliance carbon markets.…
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies in a volatile economic environment, according to PwC’s 28th Annual…
Bitcoin shot past $97,000 midweek before settling just below at $96,000, fueled by China’s massive $138 billion liquidity injection and growing buzz around a potential pivot in U.S. Federal Reserve…