Real Time Financial News Website
The International Monetary Fund (IMF) has revised Nigeria’s 2025 GDP growth projection upwards to 3.4%, a 0.4 percentage point increase from its earlier forecast. The 2026 projection was also raised…
The Ghanaian cedi has posted a remarkable recovery in 2025, appreciating by 40.7% against the US dollar within the first seven months of the year. According to the Bank of…
As Nigeria rapidly embraces Artificial Intelligence (AI), particularly generative models, experts warn that the country risks falling behind in safety and ethical standards without clear, enforceable regulations. Despite being a…
The Nigerian Communications Commission (NCC) is taking a leadership role in promoting the sustainable growth of Mobile Virtual Network Operators (MVNOs) in Nigeria. At the upcoming 6th edition of the…
Italy’s antitrust authority has launched a formal investigation into Meta Platforms Inc. over its integration of an artificial intelligence assistant into WhatsApp without prior user consent. The regulator alleges that…
Asian markets were mixed on Wednesday as investors digested the lack of progress in U.S.-China trade negotiations and prepared for key central bank decisions. The MSCI Asia-Pacific index showed early…
The Bank of Ghana (BoG) has issued a stern warning to financial institutions, threatening to revoke the licenses of those violating the Foreign Exchange Act and remittance guidelines. In a…
Starting January 2026, banks and other financial institutions in Nigeria will be required to report monthly transactions exceeding ₦25 million for individuals and ₦100 million for companies to the tax…
In the first half of 2025, African fintech startups led the continent’s start-up funding landscape, securing approximately $640 million and accounting for 45% of total funding, according to data from…
FCMB Group Plc has reported strong financial results for the first half of 2025, with gross earnings rising by 41.3% to N529.2 billion, compared to N374.5 billion in the same…
The Nigerian equity market is experiencing an extraordinary bullish streak, notching up 18 consecutive days of gains, a feat last recorded over a decade ago. This surge, which began on…
The International Monetary Fund (IMF) has upheld its growth projection for Nigeria’s economy in 2025, maintaining a 3.4 percent expansion rate despite the country’s recent GDP rebasing exercise. The forecast,…
The Federal Government of Nigeria, through the Debt Management Office (DMO), successfully raised N185.9 billion in its July 2025 bond auction, reflecting strong investor interest and confidence in government securities.…
Dangote Petroleum Refinery and Petrochemicals has abruptly withdrawn its ₦100 billion lawsuit against several key industry players including the Nigerian National Petroleum Company Limited (NNPC Ltd), AYM Shafa Ltd, and…
Meta Platforms is facing heightened scrutiny as CEO Mark Zuckerberg doubles down on a high-risk, high-cost bet to lead the race toward artificial general intelligence—what he refers to as “superintelligence.”…
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to cut interest rates, arguing that the current monetary policy is inadequate in tackling inflation and…
The Central Bank of Nigeria (CBN), in a decisive move during its July 2025 Monetary Policy Committee (MPC) meeting, voted to maintain the Monetary Policy Rate (MPR) at 27.5% for…
Global ratings agency Fitch has stated that the recent sharp hike in U.S. tariffs on European Union (EU) imports will not immediately lead to sovereign credit rating downgrades for EU…
Japan announced that its newly signed trade agreement with the United States has eased some of the uncertainty surrounding American trade policy, particularly around tariffs. Under the deal reached last…
Cybercriminals have begun using Google Forms, a trusted Google tool, to launch an elaborate phishing scheme aimed at cryptocurrency holders, according to a new report by cybersecurity firm Kaspersky. The…
The Central Bank of Nigeria (CBN) has decided to maintain its benchmark interest rate at 27.5 percent, a move anticipated by many in the financial sector. This decision, marking the…
The Nigerian Exchange Limited (NGX) kicked off the trading week on a bullish trajectory, gaining ₦400 billion in market capitalisation as investor sentiment strengthened. The All-Share Index (ASI) rose by…
U.S. Treasury yields edged higher on Monday as investors braced for a busy economic week headlined by the Federal Reserve’s interest rate decision and a key inflation report. The 10-year…
Nigeria’s agricultural sector recorded a notable increase in its GDP share to 27.8% in Q1 2025, according to new data from the National Bureau of Statistics (NBS). This reflects a…
Beginning January 2026, Nigerian banks, insurance companies, and financial institutions will be required to report monthly transactions exceeding ₦25 million for individuals and ₦100 million for corporate bodies to the…
The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the Bank of Ghana (BoG) to reduce the Monetary Policy Rate by at least 300 basis points, from…
Microsoft has officially launched a new AI-driven feature called “Copilot Mode” in its Edge browser, aiming to enhance user experience through artificial intelligence. The rollout comes as part of the…
Micro1, a rising competitor to Scale AI, is reportedly nearing completion of a Series A funding round that would value the startup at $500 million, according to sources close to…
The Nigerian Exchange Limited (NGX) experienced significant growth in the first half of 2025, with its market capitalisation rising by ₦22.14tn to close at ₦85.46tn as of July 28. This…
Chams Holding Company PLC announced a 42% increase in revenue, reaching ₦14.93 billion for the financial year ended 2024. The company also reported a dramatic surge in profit after tax,…