Real Time Financial News Website
SBM Intelligence, a leading research firm, has raised alarms over the deteriorating state of Nigeria’s telecommunications sector, warning that without immediate foreign exchange (FX) prioritization and stronger government intervention, the…
OpenAI has introduced Codex, a sophisticated AI coding agent designed to assist software developers in automating key tasks. Available to ChatGPT Pro, Enterprise, and Team users, Codex can write code,…
At the 2025 Citi Business Festival (#CitiBusinessFestival), Martin Kwame Awagah, President of the Ghana Fintech and Payments Association, delivered a strong message to SMEs, urging them to embrace financial technology…
U.S. stock futures saw a sharp rise on Tuesday following former President Donald Trump’s announcement of a ceasefire between Israel and Iran. The 12-day conflict had spooked global markets and…
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the N5.2 trillion recorded in the same period of 2024. This…
Central banks managing a collective $5 trillion in reserves are planning a strategic move away from the U.S. dollar, increasingly favoring gold, the euro, and China’s yuan. A recent survey…
The Nigerian Exchange Group (NGX) has emphasized the need for increased regional collaboration to harness West Africa’s vast trade and investment opportunities. Speaking at the 2025 West Africa Economic Summit…
The Bank of Ghana (BoG) is calling for enhanced cybersecurity measures across Africa’s financial sector, emphasizing the urgent need for regional integration and cooperation to combat growing digital threats. The…
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a new era of orthodox oversight for the banking sector. Forbearance measures, which were introduced…
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among capital market operators. The new rule, released in a circular last Friday, imposes strict tenure…
Global financial markets responded strongly to news of a ceasefire between Iran and Israel, as confirmed by U.S. President Donald Trump. Following recent U.S. airstrikes on Iran’s nuclear facilities and…
A major move in the cryptocurrency world unfolded as U.S. entrepreneur Anthony Pompliano announced the formation of a new bitcoin treasury company, ProCap Financial, which aims to hold up to…
The UK’s Competition and Markets Authority (CMA) announced plans to designate Google with “strategic market status” (SMS), aiming to gain greater oversight of the tech giant’s search operations. This proposed…
The United States government has accused Chinese AI firm DeepSeek of aiding China’s military and intelligence sectors. A senior U.S. State Department official told Reuters that DeepSeek has shared user…
The naira closed nearly unchanged on Monday in the official Nigerian Foreign Exchange Market (NFEM) after the Central Bank of Nigeria (CBN) intervened with a $86.6 million sale last week.…
The U.S. dollar saw a short-term boost in global markets early Monday following military strikes by the U.S. on Iran, as investors turned to safe-haven assets amid rising geopolitical tensions.…
Petrol prices across Nigeria climbed steeply on Monday, with pump prices in major cities like Abuja and Lagos now ranging between ₦915 and ₦955 per litre. This increase, led by…
Former U.S. President Donald Trump has renewed his call for significant interest rate cuts, suggesting that rates should be lowered by two to three percentage points. His comments come just…
Nigeria has generated a substantial N70.1 trillion in oil export revenue over a 15-month period from January 2024 to March 2025, despite underwhelming crude oil production and long-standing challenges in…
Absa Bank Ghana has emphasized the importance of digital integration for business growth, financial inclusion, and market access. Speaking during Week Four of the Citi Breakfast Show focused on Ghana’s…
The Nigerian Exchange Limited (NGX) started the week on a bullish trajectory, gaining N279 billion in market capitalization on Monday. This growth saw the total market value rise from N74.55…
The Nigerian Communications Commission (NCC) has projected a significant increase in investments in the country’s telecommunications sector in 2025. Speaking during a media interaction in Abuja, the Executive Vice Chairman…
The Securities and Exchange Commission (SEC) of Nigeria has introduced a new rule imposing tenure limits on directors of Capital Market Operators (CMOs), sparking uncertainty across the financial market. According…
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state governors to harmonise transportation levies and eliminate illegal roadblocks that hinder the movement of…
Market Reactions to Middle East Escalation:European markets opened the week in the red as geopolitical tensions surged following the U.S. bombing of Iranian nuclear sites over the weekend. Iran’s parliament…
Domestic investors have emerged as the dominant force on the Nigerian Exchange Limited (NGX), driving a total of N3.41 trillion in equity transactions within the first five months of 2025.…
The Nigerian naira appreciated slightly at the official foreign exchange window in the past week, moving to ₦1,547/$ from ₦1,549/$, driven primarily by interventions from the Central Bank of Nigeria…
As Donald Trump begins his second term as U.S. president, a growing number of Europeans are turning away from American tech companies in search of greater digital independence. In Berlin,…
In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but essential passage that channels about 20% of the world’s oil and…
Foreign Portfolio Investors (FPIs) significantly increased their interest in Nigeria’s fixed income instruments last week ahead of the June 24 Federal Government bond auction. This surge in demand was matched…