Real Time Financial News Website
With only months left before the Central Bank of Nigeria’s (CBN) recapitalisation deadline, banks in Nigeria are rushing to meet steep capital requirements amid economic instability. The CBN mandate demands…
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial results, which mark a strong return to profitability and renewed investor confidence. The brewery giant…
The Central Bank of Nigeria (CBN) has taken a firm stance by reverting to orthodox monetary policy, enforcing stricter regulations that impact banks with high forbearance exposure. A new report…
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly in the Lagos Free Zone (LFZ), during a visit by the U.S. Ambassador to Nigeria,…
The Federal Reserve is widely expected to maintain its current interest rates during its upcoming policy meeting, despite political pressure from President Donald Trump, who has criticized Fed Chair Jerome…
The Securities and Exchange Commission (SEC) of Nigeria has unveiled plans to develop a regulatory framework for stablecoins, aiming to facilitate cross-border trade, programmable finance, and efficient digital payments. Speaking…
A new report by Renaissance Capital Africa has revealed that the Central Bank of Nigeria (CBN) extended a total of $4.01 billion in regulatory forbearance loans to FBN Holdings and…
Despite a dramatic escalation in the Israel-Iran conflict over the weekend, global markets opened the week on a surprisingly calm note. Iranian missiles struck Tel Aviv and Haifa early Monday,…
U.S. stock futures showed modest gains on Monday, rebounding slightly after last week’s sharp losses driven by escalating conflict between Iran and Israel. Dow, S&P 500, and Nasdaq futures each…
Investors are turning away from long-term U.S. Treasury bonds as expectations for significant Federal Reserve interest rate cuts fade. Many now believe the Fed will keep rates steady during this…
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are intensifying efforts to position Nigeria as a gateway for Chinese investment into Africa by leveraging capital market…
Anthony Pile, the founder of Blue Skies Ltd, a leading agribusiness exporter in Ghana, has called on the government to take urgent action against illegal sand winning. He warned that…
Microsoft has announced a comprehensive plan to protect the data of its European cloud customers by ensuring all data remains within the European Union and under the jurisdiction of European…
Despite a shortened trading week due to public holidays marking Eid-el-Kabir and Democracy Day, the Nigerian equities market recorded a strong performance, with investors gaining N513 billion. The Nigerian Exchange…
In a bold move to showcase Africa and the Caribbean’s finest export-ready businesses, Ibukun Awosika has announced the launch of African Marketplace Dubai 2025, a global exhibition event set to…
The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has attributed the recent rally on the Nigerian Exchange (NGX) to a combination of…
First City Monument Bank (FCMB) marked Children’s Day 2025 by hosting the grand finale of its National Essay and Drawing Competition, celebrating the creativity and intellectual potential of Nigerian children.…
Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34% year-on-year drop and a 6.01% decline from the previous quarter. The fall…
U.S. Treasury yields nudged higher on Monday as global markets remained jittery over the intensifying conflict between Israel and Iran. Investors reacted to a fresh wave of deadly air strikes…
The Securities and Exchange Commission (SEC) of Nigeria has revealed that unclaimed dividends in the nation’s capital market have ballooned to N242 billion as of June 2025. Despite multiple technological…
The renewed hostilities between Israel and Iran have ignited fresh concerns across global energy markets, with oil prices climbing to their highest levels in three years. Brent Crude surged to…
Meta Platforms has named Arun Srinivas as its new Managing Director and Head for India, with the appointment taking effect from July 1. Srinivas, who currently leads Meta’s advertising business…
Asian stock markets showed resilience on Monday despite heightened geopolitical uncertainty driven by ongoing tensions between Israel and Iran. Investors remained cautious but calm ahead of a critical week filled…
The latest Treasury bill auction conducted by the Bank of Ghana ended in a shortfall, with the government falling GHS393 million below its fundraising target. The government had aimed to…
The Central Bank of Nigeria (CBN) has ordered banks operating under regulatory forbearance to suspend the payment of dividends, defer executive bonuses, and halt investments in foreign subsidiaries. This directive,…
DevSecFlow, a cybersecurity firm, has launched an advanced security operations platform called SECOYA, aimed at providing intelligent and scalable cyber defence solutions for financial institutions and regulated entities in Nigeria.…
This week marks a pivotal moment for the U.S. bond market as it braces for key inflation data releases and two critical long-term Treasury auctions. The Bureau of Labor Statistics…
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements at the upcoming Intra-African Trade Fair (IATF 2025). The event, scheduled to take place from…
Sophos, a global cybersecurity leader, has released an advanced update to its Sophos Firewall software, introducing AI-driven threat detection capabilities and major usability enhancements. Central to this upgrade is the…
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure, according to the Africa Finance Corporation’s (AFC) State of Africa’s Infrastructure Report 2025. The report blames…