Real Time Financial News Website
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition efforts, reinforcing the country’s shift towards a more sustainable and reliable power sector. This includes…
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold Coin. This initiative aims to broaden public access to gold…
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from 28% to 25%. This aggressive monetary policy move—the sharpest in recent…
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt Refining Company, asserting its commitment to fully rehabilitate and retain the facility. The announcement was…
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel products, including petrol and diesel, effective January 1, 2026. This move,…
Microsoft has announced a historic $30 billion capital expenditure for Q3 2025, marking its largest quarterly investment to date. This record spending is fueled by the growing demand for AI…
Nigeria’s Eurobond yields are nearing their lowest levels in three years, a development driven by strong investor confidence in the country’s sweeping economic reforms. These reforms — including exchange rate…
The Bank of Ghana (BoG) has come under scrutiny after announcing a significant 300 basis point cut in its policy rate, lowering it from 28% to 25% at its July…
Asian stocks declined on Thursday, weighed down by disappointing Chinese economic data and a sharp drop in copper prices. The MSCI Asia-Pacific index (excluding Japan) fell 0.7%, though it remained…
OpenAI, the creator of ChatGPT, has seen a major revenue surge in 2025, reaching an estimated $12 billion in annualized revenue, according to a report by The Information. This figure,…
President Bola Tinubu’s vision to transform Nigeria into a $1 trillion economy by 2030 has been described as bold by economic analyst Mr. Aliyu Gaya, who urges the President to…
Indian financial markets faced turbulence on Thursday after U.S. President Donald Trump imposed unexpectedly steep 25% tariffs on Indian goods. The rupee slipped to 87.74 against the dollar—just shy of…
The National Insurance Commission (NAICOM) has introduced new regulatory guidelines that limit the role of standalone Insurtech firms in handling special risk insurance products in Nigeria. Effective August 1, 2025,…
The naira experienced a minor depreciation across both official and parallel foreign exchange markets on Wednesday, largely due to a renewed uptick in dollar demand associated with summer travel. In…
Nigeria’s equities market extended its bullish run on Wednesday, July 30, 2025, as the Nigerian Exchange All-Share Index (NGX-ASI) closed above 139,000 points for the first time. The surge was…
Nigeria’s pension fund assets reached a historic N24.63 trillion in June 2025, representing a 2.17% increase from May and a substantial 20.24% year-on-year growth. This rise is largely attributed to…
Markets are navigating a high-stakes week filled with major corporate earnings, economic data, and central bank decisions, all while preparing for a critical Friday deadline when new U.S. tariffs are…
Tech giants Microsoft and Meta Platforms saw their shares surge in European trading on Thursday following exceptional quarterly earnings released late Wednesday. The companies, both key players in artificial intelligence,…
Amid global economic turbulence and persistent inflation, the Central Bank of Nigeria (CBN) has decided to maintain all key monetary policy tools unchanged. At its July 2025 Monetary Policy Committee…
The Federal Government has announced a 42.06% drop in the domestic debt of Northern states, attributing the fiscal improvement to key economic reforms implemented under President Bola Tinubu. According to…
Nigerian banks have resumed accepting naira card payments for international tuition fees and medical bills, following a period of suspension caused by severe foreign exchange (FX) shortages. This development marks…
A European Central Bank (ECB) blog post has warned that if China diverts its exports away from the United States due to heightened U.S. tariffs, it could trigger a noticeable…
Africa’s fintech sector asserted its dominance once again in the first half of 2025, capturing 45% of all disclosed startup funding, equivalent to around $640 million, according to Africa: The…
Yahoo Mail has announced a significant change to its storage policy, reducing the free email storage allowance from its previous generous offering to just 20GB. At the same time, the…
Currency traders have cited a significant oversupply of dollars in the Nigerian forex market, combined with the efforts of security agencies to curb speculation and hoarding, as key reasons behind…
Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in Q1 2025, according to the National Bureau of Statistics (NBS), signaling a positive outlook for economic recovery. However, the Manufacturers Association…
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital marketplace tailored to streamline downstream petroleum product trading, infrastructure, and logistics. According to the company’s CEO,…
In the first seven months of 2025, the Federal Government of Nigeria (FGN) bonds drew an impressive N4.67 trillion in total subscriptions, signaling robust investor confidence driven by attractive yields…
The Federal Reserve is expected to maintain current interest rates following its meeting this week, echoing the stance taken in June. The federal funds rate is likely to remain at…
Alphabet-owned Google has agreed to sign the European Union’s new voluntary AI Code of Practice, a framework aimed at helping companies align with the bloc’s Artificial Intelligence Act (AI Act).…