Real Time Financial News Website
In a heated exchange over Nigeria’s economic direction, senior presidential aide Bayo Onanuga and Atiku Abubakar’s media aide Phrank Shaibu traded words on Tuesday over President Bola Tinubu’s economic performance.…
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies sending bulk international SMS, commonly referred to as Application-to-Person (A2P) messages. These are automated messages…
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at ₦1,529.22 to the dollar on Tuesday, compared to ₦1,528.33 the previous day. This minor decline…
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce fiscal discipline, and increase domestic revenue mobilisation as central strategies to stabilise the economy and reduce…
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude oil prices, according to a Bloomberg report. Despite a global downturn in oil prices—traditionally…
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in average internet usage per person, according to recent data from the…
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed at outpacing rivals like OpenAI, Google, and Anthropic in the artificial intelligence arms race.…
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade policy after President Donald Trump issued letters to 14 countries announcing sweeping new tariffs.…
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as analysts project figures could hit $16.08 billion. This optimistic forecast is…
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges across Nigeria and encourage local production of telecom equipment. In a statement shared with…
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input costs across major sectors of the economy. In its June 2025 Purchasing…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use only Nigerian crude oil by the end of 2025. The shift marks a critical…
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among commercial banks. The move is aimed at promoting transparency, consistency, and responsible loan management…
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further under-subscriptions in the weeks ahead. This trend follows the first auction in July, which recorded an…
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023, according to the latest African Trade Report by Afreximbank. This sharp recovery…
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized that Nigeria’s inflation crisis is rooted in deep structural challenges. She asserts…
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade deal announcements. The Stoxx Europe 600 index rose by 0.4%, supported by gains in…
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group (NGX) and CEO of Petralon Energy, Ahonsi Unuigbe, concluded a strategic working visit to the…
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability Forum (TSSF 6.0), focusing on Mobile Virtual Network Operators (MVNOs) as a transformative force in…
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on Tuesday, despite widespread expectations of a 25-basis-point cut. The central bank…
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the European Commission, filing an appeal with the European Union’s second-highest court. The penalty…
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a landmark in Nigeria’s economic history. In a public statement, the think tank described…
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds, featuring competitive interest rates. Investors can…
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff threats from U.S. President Donald Trump. The pan-European STOXX 600 index held steady at…
In a sharp warning to former U.S. President Donald Trump, China on Tuesday cautioned against reigniting trade tensions by reinstating high tariffs on Chinese goods next month. Through an official…
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank, and Stanbic IBTC—are under pressure to raise a combined ₦964.8 billion to meet the Central Bank…
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange markets following the resumption of international usage of naira-denominated debit cards by several…
U.S. President Donald Trump has announced a 10% tariff on Nigeria in response to the country’s recent alignment with BRICS, a global coalition of emerging economies. In a post on…
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional Tier-1 (AT1) capital in banks’ Capital Adequacy Ratio (CAR), effective from June…
Ghana has received a significant financial boost as the International Monetary Fund (IMF) approved the country’s fourth review under the Extended Credit Facility (ECF), unlocking a $370 million disbursement. This…