Real Time Financial News Website
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market capitalisation. The All-Share Index (ASI) rose by 372.21 points to…
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as part of efforts to exit the ongoing regulatory forbearance regime. This directive…
Nigeria’s fintech sector, once hailed as a beacon of innovation and investment in Africa, is witnessing an alarming surge in startup failures. In just one year, over $200 million in…
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion in market capitalisation to reach N76.34 trillion. The NGX All-Share Index…
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and ₦1,530 against the US dollar. This expectation is driven by increasing foreign…
Global financial markets have shown surprising calm ahead of U.S. President Donald Trump’s Wednesday tariff deadline, brushing off concerns that previously would have triggered volatility. Even as the 90-day pause…
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption within the telecom sector. This move is aimed at reducing the industry’s overreliance on diesel…
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s transition from peer-to-peer lending into regulated asset management. Since 2019, Sycamore has served nearly 300,000 users, and…
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the Dangote Petroleum Refinery. The price adjustment has triggered a downward…
The yield on the U.S. 10-year Treasury rose on Monday as global markets reacted to President Donald Trump’s announcement that the 90-day tariff reprieve would be extended, delaying the reimposition…
The ongoing U.S. trade war under President Donald Trump is heating up once again, as new tariff announcements and shifting deadlines spark global economic concerns. Trump’s aggressive tariff stance has…
The Central Bank of Nigeria (CBN) has addressed concerns circulating on social media about alleged new or hidden charges associated with Bank Verification Number (BVN) enrolment. In a statement issued…
The Debt Management Office (DMO) has announced the opening of subscriptions for the July 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bonds. The subscription period runs from…
The Government of Ghana has once again fallen short of its Treasury bill target, marking the sixth consecutive week of underperformance. According to auction data released by the Bank of…
With projections indicating a 32.2% return, according to CardinalStone Research’s 2025 Mid-Year Economic Outlook. The bullish forecast is underpinned by a mix of government-led tax reforms, easing inflation, and improving…
Nearly half of Africa’s currencies depreciated in May 2025, revealing a mixed macroeconomic picture across the continent, according to the latest report from the African Export-Import Bank (Afreximbank). The June…
The Oyo State Government has unveiled a ₦1.5 billion empowerment scheme in partnership with First City Monument Bank (FCMB) to support 1,000 young agribusiness entrepreneurs. This initiative is part of…
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel market. The naira’s resistance to movement is notable considering the…
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities and deepen economic integration across the continent. This was the…
U.S. stock index futures were mostly flat on Thursday as investors braced for the release of the monthly nonfarm payrolls report, which is expected to offer critical insight into the…
The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s (CBN) stringent monetary policy, stating that tighter fiscal alignment is essential to sustain gains in taming inflation and…
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and gradual recovery from the economic disruptions caused by recent structural…
Global stock markets surged to record highs on Thursday, buoyed by optimism ahead of the closely watched U.S. payrolls report and a breakthrough U.S.-Vietnam trade deal. The MSCI World Index…
U.S. Treasury yields edged lower on Thursday morning as investors awaited the release of the June nonfarm payrolls report, a crucial indicator of the labor market’s health. The benchmark 10-year…
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service (GSS). This marks the sixth consecutive monthly decline and the…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions in SIM-related services across the country, attributing the issue to a mandatory migration exercise to a…
In response to increasing cyberattacks threatening Nigeria’s economy and digital infrastructure, ICT experts at the 2025 Cybersecurity Forum in Abuja emphasized the urgent need for a unified, sovereign cybersecurity strategy.…
The rise of artificial intelligence (AI), particularly large language models (LLMs), and blockchain once seemed like two parallel revolutions. AI offered speed and intelligent automation, while blockchain promised transparency and…
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off approximately 50 percent of its staff in both countries. The move is part…
US President Donald Trump is set to host the presidents of five African nations—Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal—at the White House on July 9 for trade talks centered around…