Real Time Financial News Website
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40 drop from the previous N880. The change is linked to recent…
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called for the adoption of Artificial Intelligence (AI)-powered surveillance systems to strengthen the country’s capital market. Speaking…
Crude oil prices for Nigeria’s main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a barrel, returning to levels last seen before the Israel-Iran conflict flared up…
Nigeria’s broad money supply (M3) experienced a second monthly decline in 2025, falling by N292.75 billion or 0.25% to N119.01 trillion in May, according to new figures from the Central…
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following reports suggesting the company may turn to Google’s tensor processing units…
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply Partner Programme aimed at building a robust security alliance across the continent. The initiative focuses on…
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing alongside a separate $5 billion strategic equity investment, according to Morgan Stanley. The funds aim to…
The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects reaching even distant economies like Nigeria’s. As the world’s geopolitical landscape becomes increasingly unstable, Nigeria—Africa’s…
The Federal Government of Nigeria spent N611.71 billion in March 2025 to service its first-ever domestic US dollar-denominated bond, according to the Debt Management Office (DMO). This single payment constituted…
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to small businesses with annual sales of GH¢20,000 and above. They…
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in market value. The rally was driven by widespread investor interest across key sectors, particularly consumer…
Nigeria posted a current account surplus of $3.73 billion in Q1 2025, according to the Central Bank of Nigeria (CBN), driven largely by a strong rebound in non-oil exports and…
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in Nigeria aimed at revolutionizing the country’s rapidly expanding fintech ecosystem. The launch introduces…
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883 billion at the start of the year to $37.369 billion by June 26,…
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion on the final trading day. The All Share Index (ASI)…
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in Lagos, over 216 Chinese investors expressed significant interest in various Nigerian sectors, including…
The World Bank has approved an additional $65 million credit facility for Nigeria, bringing total funding under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project to $145 million.…
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade deals and commitments between American and African partners. Hosted by…