Real Time Financial News Website
Trade negotiations between the United States and China resumed in London for a second day, with both sides aiming to ease growing friction over technology exports and rare earth material…
Ghana’s Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has called for the urgent renewal of the African Growth and Opportunity Act (AGOA) during strategic talks in Washington, D.C. The…
U.S. and Chinese officials reconvened in London on Tuesday for a second day of trade talks, with global markets closely watching for signs of a breakthrough. The discussions are focused…
Morgan Stanley is marketing a $5 billion debt package for xAI, the artificial intelligence startup owned by Elon Musk, sources told Reuters. The offering includes both bonds and two loan…
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards on a critical revenue audit covering the Federal Inland Revenue Service…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at ‘AAA(nga)’ with a stable outlook, marking over a decade of consistent top-tier ratings. This…
The Nigerian equities market delivered a strong performance during the holiday-shortened week ending June 5, 2025, as the NGX All-Share Index (ASI) surged by 2.57% to close at 114,616.75 points.…
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across the country, as they balance cautious optimism over the naira’s stability with…
Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of Premium Motor Spirit (PMS), popularly known as petrol. The depots—Emadeb, First Royal, MENJ, Aiteo,…
Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has announced the successful upsizing of its Reserve-Based Lending (RBL2) facility to $375 million.…
The U.S. dollar showed modest gains on Wednesday, recovering from earlier losses caused by disappointing economic data. The latest report revealed a contraction in the U.S. services sector for the…
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from the European Central Bank (ECB). The expected quarter-point cut would bring euro zone borrowing…
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its timing could undermine recent economic gains and consumer relief. The Ghana National…
US billionaire and Gates Foundation Chair Bill Gates has expressed deep concern over Nigeria’s insufficient health budget, warning that it is inadequate to tackle the country’s pressing healthcare challenges. Speaking…
Bitcoin’s futures market shows promising bullish signals despite a recent cooling in price, trading just below $105,000 after peaking at $112,000. Institutional interest remains strong, with Bitcoin dominance near record…
Fitch Ratings projects notable growth for Nigeria’s Islamic finance sector from the second half of 2025 through 2026, fueled by increasing sovereign sukuk issuances and expanding Islamic banking assets. The…
Statisense, Nigeria’s leading data intelligence firm, has unveiled Immortal AI, a transformative platform aimed at unlocking the vast potential of data across Africa’s business and economic sectors. The launch, held…
JPMorgan Chase & Co., the largest bank in the United States, has announced it will now allow clients to use cryptocurrency-linked exchange-traded funds (ETFs) as collateral for loans. This groundbreaking…
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants transition to a T+2 settlement cycle by November 28, 2025. This directive affects brokers, dealers,…
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under former President Joe Biden’s CHIPS and Science Act, according to U.S. Commerce Secretary Howard Lutnick. Speaking at…
U.S. Treasury yields steadied on Thursday following steep declines on Wednesday triggered by a series of disappointing economic reports. The 2-year Treasury yield inched up slightly to 3.885%, while the…
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open Market Operation (OMO) auctions in May 2025, aiming to tighten naira liquidity and…
Nigeria’s inflation crisis is being primarily driven by supply-side cost pressures rather than excess demand, according to the Central Bank of Nigeria’s (CBN) latest Inflation Expectation Survey (IES) released on…
The Nigerian Communications Commission (NCC) reports that active internet subscribers in Nigeria reached nearly 142 million as of April 2025. Data from various licensed service providers indicate that the GSM…
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to N71.118 trillion, driven largely by renewed investor interest in Oando Plc and 31 other…
Oil prices fell by just over 1% on Wednesday following the release of U.S. government data revealing a sharp and unexpected rise in gasoline and diesel inventories. The Energy Information…
The naira surged to a two-month high on Wednesday, trading at N1,565.46 per US dollar in the official foreign exchange market. This marks the highest level for the Nigerian currency…
The Central Bank of Nigeria (CBN) has revealed that a vast majority of Nigerian firms cite high energy costs as the primary driver of inflation. In its May 2025 Inflation…
U.S. stock markets saw modest gains on Wednesday, buoyed by strength in technology shares despite a slew of troubling economic indicators. The Dow Jones Industrial Average rose by 0.20%, the…
Ghana’s annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s 21.2%. This development represents the lowest inflation level since February 2022 and signals…