Real Time Financial News Website
In the wake of a horrific massacre that claimed the lives of over 200 Christians in Yelwata, Guma Local Government Area of Benue State, Nigeria, the Mexican Episcopal Conference has…
Starting June 18, 2025, Nigerians using USSD codes for mobile banking and other digital transactions will now pay ₦6.98 for every 120 seconds of usage, following the rollout of a…
Hopes for a ceasefire between Israel and Iran took a blow after U.S. President Donald Trump made inflammatory posts on Truth Social, suggesting that diplomacy was off the table and…
Global infrastructure company Vertiv, in collaboration with Africa Hyperscalers and Turner & Townsend, is hosting the AI Solutions Innovation Roadshow in Lagos, Nigeria, to address the growing demand for artificial…
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stated that the central bank is not targeting a fixed exchange rate or operating within a predetermined band. Speaking…
The Nigerian naira continued its strong performance in the parallel market, breaking the N1,600/$ resistance level to trade between N1,585 and N1,590. This appreciation reflects improved economic fundamentals, with the…
The Federal Government of Nigeria, via the Debt Management Office (DMO), has announced plans to raise N100 billion through a domestic bond auction scheduled for June 23, 2025. The move…
Nigeria has reclaimed a leading position in global digital policy as Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, has been elected vice chair of the International…
In a move reflecting rising investor appetite for naira-denominated assets amid persistent inflation, the Central Bank of Nigeria (CBN) sold N7.9 trillion worth of Treasury Bills (T-Bills) between January and…
The Nigerian Exchange Limited (NGX) suffered a significant blow on Tuesday, losing N183 billion in market value as bearish sentiment continued to drag down key market indices. The All-Share Index…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has endorsed a new billing framework for USSD transactions called the End User Billing (EUB), jointly introduced by the Nigerian Communications…
China’s central bank has reaffirmed its commitment to promoting the digital yuan (e-CNY) internationally, with Governor Pan Gongsheng advocating for a multi-polar global currency system. At the Lujiazui Forum in…
Global markets remained on edge Wednesday as escalating conflict between Israel and Iran entered its sixth day, fueling fears of deeper U.S. military involvement. President Donald Trump’s stern warning to…
Elon Musk’s artificial intelligence startup, xAI, is on course to secure $5 billion in fresh debt financing led by Morgan Stanley, even as investor demand fell short of expectations. The…
Fitch Ratings recently upgraded Ghana’s credit rating to ‘B-’ with a stable outlook, a move that signals improved investor confidence in the country’s financial health. While the upgrade is seen…
Nigeria, despite being Africa’s largest oil producer, imported crude oil worth N1.19 trillion in the first quarter of 2025 due to a critical shortage in domestic supply to local refineries.…
FCMB Group Plc has moved to allay shareholder concerns following a new directive from the Central Bank of Nigeria (CBN), which mandates banks with loans under regulatory forbearance to suspend…
In a striking contradiction, Nigeria—Africa’s leading oil producer—spent N1.19 trillion importing crude oil in the first quarter of 2025, making crude the third most imported commodity, according to data from…
Wall Street futures declined on Tuesday amid growing investor caution as the Israel-Iran conflict entered its fifth day. The ongoing air strikes, initiated by Israel targeting Iran’s nuclear facilities, have…
The Nigerian banking sector faced a significant downturn following the Central Bank of Nigeria’s (CBN) recent directive halting dividend and bonus payments, as well as offshore investments for banks under…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi Cardoso on Monday in Abuja to discuss Nigeria’s economic direction in light…
Tensions in the Middle East escalated sharply as fighting between Israel and Iran entered its fifth day, leading to a dip in global stocks and a surge in oil and…
Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating from “Restricted Default” to ‘B-’ with a Stable Outlook. This marks a significant step forward in the country’s recovery efforts…
German defence technology start-up Helsing has successfully raised €600 million in its latest funding round, significantly boosting its market valuation. The round was led by Prima Materia, an investment firm…
Anthony Pile, founder of leading fruit exporter Blue Skies Company Ltd., has raised concerns that Ghana’s recent cedi appreciation, while welcome, could be undermined by persistent inflation and sluggish economic…
Bank stocks on the Nigerian Exchange (NGX) suffered significant losses on Monday, June 16, 2025, after the Central Bank of Nigeria (CBN) issued a directive suspending dividend payments to shareholders.…
Foreign direct investment (FDI) into developing economies has plummeted to its lowest point in nearly two decades, according to a new World Bank report. In 2023, these countries received just…
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the escalating conflict between Israel and Iran poses serious threats to Nigeria’s economic stability. Dr. Muda Yusuf, CEO…
A sharp decline in the U.S. dollar is breathing new life into emerging market (EM) local currency debt, an asset class long overlooked by global investors. According to EPFR data,…
OpenAI executives are weighing whether to accuse Microsoft, their largest investor, of anticompetitive practices, according to a report by the Wall Street Journal. The AI startup, best known for ChatGPT,…