Real Time Financial News Website
Wamkele Mene, the Secretary-General of the African Continental Free Trade Area (AfCFTA), has cast doubt on widely cited statistics that peg intra-African trade at a mere 15%. Speaking at the…
In a major policy move aimed at improving internet accessibility across Ghana, the government has directed all major mobile network operators to increase their data bundle packages by 10–15% starting…
Following the expiration of the June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators, a majority of players in the sector are seeking a second extension from the…
French AI startup Mistral has unveiled Europe’s first AI reasoning model, marking a significant step in the continent’s race to catch up with American and Chinese artificial intelligence leaders. The…
Peter Thiel-backed cryptocurrency exchange Bullish has reportedly filed confidentially for an initial public offering (IPO) in the United States, according to the Financial Times. The move comes amid a renewed…
The U.S. dollar and Chinese yuan remained largely unchanged following trade talks in London, where U.S. and Chinese officials reached a framework agreement aimed at easing tensions in their ongoing…
Global markets responded cautiously on Wednesday to the announcement that the United States and China had agreed on a trade framework during negotiations in London. While officials described the development…
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered significant setbacks, primarily due to a decline in global crude oil prices and…
The Nigerian stock market opened on a bearish note after the Sallah holiday, suffering a major setback as investors embarked on profit-taking, particularly in blue-chip stocks such as MTN Nigeria…
Nigeria’s foreign exchange (FX) market experienced a significant revival in May 2025, as total inflows rose sharply by 62% month-on-month to $5.96 billion, up from $3.67 billion in April. This…
The European Union (EU) has acknowledged Kano State as a promising destination for investment and entrepreneurship, with potential spanning sectors such as agriculture, renewable energy, digital innovation, healthcare, and education.…
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal budget to ensure its full implementation. Senate Leader Opeyemi Bamidele announced this development,…
Meta, in collaboration with Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE), has launched the Llama Impact Accelerator program to develop impactful AI solutions. The initiative also involves…
OpenAI’s ChatGPT, one of the world’s most popular AI-powered chatbots, experienced a significant global outage on Tuesday, June 10, 2025. The downtime left millions of users without access to the…
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars, instructing them to stop denying shareholders access to dividends that have remained unclaimed…
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to increasing trade tensions and policy uncertainties, according to the World Bank’s June…
Nigeria and Saudi Aramco are facing major hurdles in finalizing a landmark $5 billion oil-backed loan, as falling global crude prices trigger concern among banks expected to underwrite the deal.…
The African Export-Import Bank (Afreximbank) has responded to a recent Fitch Ratings report that assigned a negative outlook to the bank, clarifying that the concerns raised stem from differing approaches…
Mexico’s Federal Economic Competition Commission (Cofece) is expected to rule by June 17 on whether Google engaged in monopolistic practices in the country’s digital advertising market. The potential penalty could…
Wall Street futures were largely flat on Tuesday as investors kept a close watch on the ongoing U.S.-China trade negotiations, hoping for a breakthrough that might ease months of economic…
U.S. Treasury yields fell on Tuesday as investors closely monitored the ongoing trade negotiations between the United States and China in London. The 10-year Treasury yield dropped nearly 3 basis…
French artificial intelligence startup Mistral, backed by Microsoft, has officially entered the global AI race with the launch of its first reasoning model, Magistral. Announced at London Tech Week, the…
Amazon has announced a landmark investment of at least $20 billion in Pennsylvania to expand its data centre footprint and strengthen its artificial intelligence (AI) and cloud infrastructure. This strategic…
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce petrol prices to around N700 per litre. This move is driven by the need to…
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his efforts to stabilize Nigeria’s struggling economy. Speaking to journalists in Lagos following a private…
Nigeria’s foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62% month-on-month to reach $5.96 billion, up from $3.67 billion in April. The surge,…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for infrastructure development due to prevailing credit and liquidity risks. According to the Africa Finance Corporation’s (AFC)…
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday period, trading within a narrow band of N1,587–N1,590 at the unofficial market. Reduced trading…
Meta Platforms Inc. is preparing to invest more than $10 billion in Scale AI, a move that marks its most significant external venture into artificial intelligence to date. Scale AI,…
Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s downstream oil sector, signaling a major policy and operational shakeup. Speaking after President Bola…