Real Time Financial News Website
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the national currency, the Cedi, will remain stable against major foreign currencies. Speaking in Parliament on June 4, 2025, he…
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward trajectory amid cautious optimism in the economy. This marks a 6.8%…
Billionaire entrepreneur Elon Musk has fiercely criticized a sweeping tax and spending bill championed by President Donald Trump, branding it a “disgusting abomination” and accusing lawmakers of fiscal recklessness. In…
At the 2025 Africa’s Beacon of ICT Merit & Leadership Award (ABoICT) held in Lagos, leading tech experts emphasized the urgent need for Africa—particularly Nigeria—to adopt a governance-first approach to…
The Nigerian stock market continued its upward momentum as it added N259 billion in value due to renewed investor confidence and increased buying interest. This surge lifted the market capitalisation…
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10 percent of the approximately 1,500 licensed BDCs having met the Central Bank of Nigeria’s…
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new recapitalisation requirements has passed, resulting in the expected closure of around…
Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks over alleged misinformation to customers about charges on USSD banking transactions. The banks recently…
Brookfield Asset Management, a major Canadian investment firm, has announced plans to invest up to 95 billion Swedish kronor (approximately $9.91 billion) to build a cutting-edge data centre dedicated to…
The Nigerian Exchange (NGX) has reached a new milestone, with its combined market capitalisation of debt, equities, and Exchange Traded Funds (ETFs) hitting ₦121.35 trillion as of May 2025. This…
French search engine Qwant has filed a complaint with France’s antitrust authority, accusing Microsoft of deliberately harming its search result quality through Bing, the U.S. company’s search platform. According to…
The Nigerian stock market saw a notable rebound on Tuesday, ending the previous session’s profit-taking trend. Investor interest in blue-chip stocks such as Dangote Cement and 34 other listed equities…
Nigeria’s oil and gas industry is undergoing a major transformation, with indigenous companies now responsible for more than 50% of the country’s crude oil production. This marks a significant rise…
Internet data consumption in Nigeria fell sharply by 17,647 terabytes from January to April 2025, following a 50% tariff increase imposed by the Nigerian Communications Commission (NCC) in February. This…
The U.S. labor market is exhibiting signs of easing as job openings rose modestly in April, but layoffs experienced their largest increase in nine months. According to the latest Job…
The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259 billion in market capitalisation. This surge brought the total market value…
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced a bold plan to reduce Ghana’s average lending rates from the current 27.4% to below 10% within four…
The Nigerian Communications Commission (NCC) has issued a new directive instructing Deposit Money Banks to begin deducting USSD banking service charges directly from customers’ mobile airtime instead of their bank…
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank charges and enhancing transparency in the financial sector. These reforms…
The Appeal Panel on Local Government Election Petitions for Benue State, sitting at the NBA House in Abuja, has upheld the elections of all 23 APC local government chairmen, dealing…
In the rapidly evolving landscape of artificial intelligence, code generation startups—dubbed “vibe coding” firms, are gaining enormous attention and funding, even as returns in other AI sectors remain elusive. These…
Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank, marking the Nigerian fintech’s official entry into the Kenyan financial services sector.…
The U.S. dollar, after experiencing a sharp decline earlier this year, is showing signs of further weakening according to the foreign exchange (FX) options market. Investors are increasingly buying put…
Global markets showed signs of caution on Tuesday as European shares and U.S. stock futures declined, reflecting investor anxiety over unresolved trade tensions between the United States and China. The…
The United States and India are making notable strides toward finalizing a long-anticipated trade agreement, according to U.S. Commerce Secretary Howard Lutnick. Speaking at the US-India Strategic Partnership Forum in…
The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second year in office, emphasizing the significant reforms in the oil sector and renewed efforts…
Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX Group), has urged African leaders and stakeholders to adopt a fresh approach to the continent’s development. Speaking…
The Government of Ghana has entered into advanced discussions with a strategic investor for the revamp and potential takeover of AirtelTigo, now operating under the brand name AT. The initiative…
Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, has assured Nigerians that the country’s economy is on a solid path to recovery. Speaking at the recent Monetary Policy Committee…
Nigeria is rapidly embracing artificial intelligence (AI), but experts caution that the country’s current lack of robust governance, security, and ethical standards could turn this technological progress into a vulnerability.…