Real Time Financial News Website
The International Monetary Fund (IMF) has advised the Nigerian government to revise its proposed 2025 budget of N54.99 trillion, citing unrealistic assumptions about global oil prices. According to the IMF’s…
OpenAI has clarified that it has no affiliation with Robinhood’s recent stock token promotion involving its brand. Earlier this week, Robinhood announced a campaign offering eligible European users €5 worth…
Microsoft has announced it will cut nearly 4% of its global workforce, equating to roughly 9,000 jobs, as it looks to manage soaring costs associated with its aggressive push into…
Global investors are preparing for a period of heightened market volatility triggered by a series of unpredictable political and economic developments. From key U.S. jobs data to looming trade and…
At the 4th International Conference on Financing for Development (FFD4) held in Sevilla, Spain, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, called for an urgent…
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market capitalisation, thanks to heightened investor interest in key equities, especially Nigerian Aviation Handling Company (NAHCO)…
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users relying on Internet Service Providers (ISPs) in Nigeria has plummeted to 289,369 in Q1…
The Nigerian House of Representatives has decisively rejected a Senate bill seeking their concurrence, highlighting longstanding tensions between the two chambers over legislative cooperation. The bill in question, aimed at…
The Ghanaian government is cautiously optimistic about passing the International Monetary Fund’s (IMF) upcoming Executive Board review of the country’s economic programme under the Extended Credit Facility (ECF), scheduled for…
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72 trillion or 3.3 percent increase from N144.67 trillion recorded in…
The Federal Government of Nigeria has thrown its full support behind local cloud hosting and digital infrastructure development with the unveiling of MTN Nigeria’s $150 million Tier III Dabengwa Data…
In a vibrant ceremony held at the U.S. Consul General’s Residence in Lagos, the United States Consulate marked its 249th Independence Day by reaffirming its strategic and longstanding ties with…
A high-level delegation from the Central Bank of The Gambia, led by Nyang Medeleine Gomez, has adopted Nigeria’s National Insurance Commission (NAICOM) regulatory approach during a recent working visit to…
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications Commission (NCC) since 2022, telecom users across Nigeria continue to suffer from poor service quality.…
Apple is in advanced talks with leading artificial intelligence firms Anthropic and OpenAI to potentially integrate their large language models (LLMs) into an upcoming version of its voice assistant, Siri.…
U.S. Federal Reserve Chair Jerome Powell revealed that tariffs enacted by President Donald Trump are the primary reason interest rates remain high in 2025. Powell stated that without these tariffs,…
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months, according to Stanbic IBTC Bank’s latest Purchasing Managers’ Index (PMI) report. The PMI…
The Nigerian naira appreciated modestly in the official foreign exchange market, closing at N1,527 to the US dollar, up from N1,532 the previous day, according to the Central Bank of…
Asian stock markets faltered on Wednesday as global investors navigated a complex mix of looming U.S. tariff deadlines, ambiguous Federal Reserve rate signals, and escalating fiscal worries. The MSCI Asia-Pacific…
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in April, according to new data from the Central Bank of Nigeria (CBN).…
Interswitch, a leading digital payments and commerce company in Africa, has launched a new Masterbrand campaign that emphasizes its behind-the-scenes role in enabling daily life across the continent. Titled “Never…
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre, most fuel marketers across Nigeria have declined to lower their…
The Nigerian Exchange Limited (NGX) began July on a bearish note, wiping off N150 billion from investors’ portfolios on Tuesday, July 1, 2025. Market capitalisation fell from N75.95 trillion on…
Intel’s new CEO, Lip-Bu Tan, is considering a major shift in the company’s chip manufacturing strategy by potentially moving away from the much-touted 18A process in favor of the next-generation…
Global markets remained cautious as investors weighed developments in U.S. fiscal policy and looming trade uncertainties. Despite the U.S. Senate passing President Donald Trump’s sweeping tax bill, market reaction was…
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting concerns over rising prices across the country. Key among these reforms…
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report by S&P Global. This growth…
Seth Terkper, Economic Policy Advisor at the Office of the President, has issued a caution regarding the potential fallout of escalating geopolitical tensions in the Middle East. Speaking on Channel…
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has wrapped up high-level discussions in China, signaling a significant breakthrough in the country’s ongoing debt restructuring process. His meetings with China’s Ministry…
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective July 1, 2025. Notably, Conoil Plc and Julius Berger Nigeria Plc have been removed…