Real Time Financial News Website
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive banning Independent Non-Executive Directors (INEDs) from assuming executive positions within the same company or group structure, a…
Global equity funds experienced significant withdrawals totaling $19.82 billion in the week ending June 18, marking the largest outflow in three months, according to LSEG Lipper data. The sharp retreat…
Nigeria has emerged as the global leader in stablecoin adoption, according to the newly released 2025 Report on the State of Digital Assets Regulation in Africa by Yellow Card. The…
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts to bring down lending rates to 10 percent over the…
The Nigerian Communications Commission (NCC) has announced its intention to collaborate more closely with security agencies to arrest and prosecute individuals involved in the vandalism of telecom infrastructure. This move…
In a strategic move to expand electricity access across Nigeria, the Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have partnered to launch a ₦100 billion financing facility.…
In response to a deadly attack that claimed around 200 lives in Yelewata community, Guma Local Government Area of Benue State, Nigerian President Bola Ahmed Tinubu has established a high-level…
The United States government announced on Wednesday, June 19, 2025, that it has successfully recovered $225 million in what is being hailed as the largest seizure of stolen funds from…
Nigeria’s banking sector is facing a serious liquidity challenge following the Central Bank of Nigeria’s (CBN) decision to impose a uniform 50% Cash Reserve Ratio (CRR) on all banks. A…
Global foreign direct investment (FDI) declined for the second year in a row in 2024, and projections for 2025 indicate even grimmer prospects, according to a new report from the…
Bitcoin remained in a tight consolidation range on Thursday, trading around $105,200, as rising geopolitical tensions between Israel and Iran coupled with a cautious stance from the U.S. Federal Reserve…
The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export beyond Africa, with a cargo of 90,000 metric tonnes scheduled for shipment to Asia…
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an advanced payment infrastructure built on the global ISO 20022 standard. The platform is designed to…
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following significant monetary easing measures in May. According to a Reuters survey of 20 analysts,…
Alphabet’s Google is facing a significant legal challenge in Europe as a top adviser to the European Union’s highest court recommended upholding a €4.1 billion antitrust fine. The fine stems…
Global financial markets remain cautious as geopolitical uncertainty surrounding potential U.S. military action in the Middle East collides with a wave of critical central bank decisions. Investors, who were originally…
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to explain discrepancies totaling over ₦210 trillion discovered in its audited financial statements from…
Organisations and government agencies across Africa have been strongly encouraged to prioritise digital transformation as a critical strategy for innovation, competitiveness, and economic advancement. This call was made during the…
The Nigerian stock market saw a significant rebound after major banks including Access Holdings, FCMB Group, and Fidelity Bank reassured investors of their commitment to comply with the Central Bank…
In a directive issued on June 13, 2025, the Central Bank of Nigeria (CBN) announced a temporary suspension on dividend payments, bonuses, and foreign investments by Nigerian banks. The move,…
In May 2025, the Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to Nigeria’s federal, state, and local governments. This figure marks a slight decrease from the N1.68 trillion shared…
In a significant shift to its fiscal strategy, the Japanese government plans to cut sales of its super-long bonds by approximately 10%, a rare mid-year revision to its bond issuance…
The U.S. Federal Reserve has decided to keep interest rates steady between 4.25% and 4.5%, maintaining its position since December 2024. Despite recent encouraging economic indicators, Fed Chair Jerome Powell…
Apple is exploring the use of generative artificial intelligence to enhance the design process of its custom chips, according to Johny Srouji, the company’s senior vice president of hardware technologies.…
Ghana’s producer price inflation (PPI) dropped sharply to 10.2% in May 2025 from 18.5% in April, marking the lowest rate since November 2023. The Ghana Statistical Service (GSS) attributed the…
At a biennial lecture in Lagos organized by the Chartered Institute of Directors, the CEO of the Nigerian Economic Summit Group (NESG), Tayo Aduloju, raised concerns over the slow pace…
The Nigerian Exchange (NGX) witnessed a robust performance on Wednesday, marking a major rebound with the market capitalisation surging by N1.18tn. This bullish momentum, the highest single-day gain for the…
Intel has announced the hiring of three prominent executives from the chip industry as part of CEO Lip-Bu Tan’s ongoing efforts to revitalize the company. The appointments include Srinivasan Iyengar,…
The Central Bank of Nigeria (CBN) has issued new transitional guidelines targeted at a select number of banks as part of efforts to strengthen the sector. These actions, announced on…
The U.S. Senate has passed a bill that could significantly shape the future of stablecoins, marking a major milestone in the regulation of digital assets. The bill, known as the…