Real Time Financial News Website
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new legislation passed by the National Assembly mandating the transfer of unclaimed dividends to the Central Bank…
Nigeria’s financial technology landscape has taken a significant leap forward with the launch of Ultra App, a digital financial solution aimed at streamlining payments, virtual banking, and cryptocurrency transactions. Developed…
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72 trillion, marking a 730% year-on-year increase from N8.15 trillion in the…
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in global crude oil prices. Despite Brent crude falling below $70 per barrel over…
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt Management Office (DMO). The total fell from ₦1.542 trillion in December 2024 to…
The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) has advocated for the integration of artificial intelligence (AI) in risk management across the financial sector. This call was…
Wall Street’s leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal Reserve’s annual stress test. This outcome reassures investors that these banks are…
A growing number of global investors are shifting their focus from the U.S. to Europe, driven by growing instability in U.S. trade policies under President Donald Trump. Peter Roessner, CEO…
The Nigerian Communications Commission (NCC) has proposed a policy initiative to license and support the development of community networks in rural and underserved regions of the country. This initiative was…
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value last week, with the All-Share Index (ASI) rising by 1.57% to close at…
Nigeria is positioning itself to tap into the booming $128 trillion global asset management market, buoyed by a significant rise in local assets under management (AuM). According to the 2025…
Nigeria recorded a current account surplus of $3.73 billion in Q1 2025, driven primarily by a sharp increase in non-oil exports and improved trade balances. According to the Central Bank…
Nigeria’s public debt surged to ₦149.39 trillion as of March 31, 2025, sparking serious concerns from experts over debt sustainability, fiscal stability, and potential risks of sovereign default. The new…
U.S. Treasury yields edged lower on Monday morning as market participants closely watched developments surrounding President Donald Trump’s proposed spending bill. The bill, labeled a “big, beautiful bill” by Trump,…
The African Technology and Innovation Institutes (ATII) has announced the inaugural African Industrial Forum (AIF), a major initiative to catalyze Africa’s transition into a global manufacturing powerhouse. Scheduled for July…
Top central bankers from the U.S., euro zone, Japan, Britain, and South Korea are gathering in Sintra, Portugal, for the European Central Bank’s annual Forum on Central Banking. While global…
First City Monument Bank (FCMB) officially opened a new branch in Sangotedo, Lagos, on June 26, 2025, as part of its expansion strategy. The commissioning ceremony brought together top FCMB…
The Trade, Industry and Tourism Committee of Ghana’s Parliament has urged the Bank of Ghana (BoG) to intensify its monitoring and regulatory efforts to ensure the sustained stability of the…
Dangote Petroleum Refinery has invested over N720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute petroleum products across Nigeria. This initiative is projected to save…
The Managing Director of Sofri, Mr. Paul Adebayo, has emphasized the urgent need for a more robust and efficient data ecosystem to improve credit score metrics and expand access to…
Nigeria’s bond market extended its bullish streak last week as investors continued to show strong demand for government debt securities. The surge in appetite pushed average bond yields down by…
The Nigerian equity market reversed its recent bullish trend on Thursday, recording a significant loss of N308 billion in market capitalization. This decline followed profit-taking in large-cap stocks, which brought…
At the 2025 Annual Meetings of the African Export-Import Bank (Afreximbank) in Abuja, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized that institutional resilience is…
U.S. stock futures advanced on Thursday, buoyed by strong earnings from Micron Technology that sparked investor optimism about the AI sector. Micron’s positive revenue outlook for the fourth quarter helped…
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), called for African countries to drastically reduce their reliance on…
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting bids worth ₦602.9 billion against an initial offer of ₦100…
In 2024, Africa recorded over $95 billion in remittance inflows, nearly matching total foreign direct investment (FDI) for the continent that year, according to the 2025 State of Africa’s Infrastructure…
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth across Africa. This was revealed by the bank’s Chief Economist,…
U.S. Treasury yields dropped on Thursday amid rising political tension surrounding Federal Reserve Chairman Jerome Powell. The declines came after reports that President Donald Trump is considering replacing Powell as…
World Liberty Financial (WLF), the cryptocurrency platform backed by U.S. President Donald Trump, is planning to release an audit of its stablecoin and launch a new app aimed at simplifying…