Real Time Financial News Website
For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing the longstanding oil trade relationship between the two nations. This significant…
Telecom operators around the world are poised to earn over $21 billion in revenue by 2030 through the provision of GPU-as-a-Service (GPUaaS), as demand for artificial intelligence (AI) capabilities surges…
Elon Musk’s brain-interface company, Neuralink Corp., is projecting over $1 billion in annual revenue by 2031 through the implantation of its advanced brain chips in 20,000 individuals each year. According…
President Donald Trump has signed an executive order banning AI technologies deemed “woke” or lacking ideological neutrality from use in federal government contracts. The order targets diversity, equity, and inclusion…
Equities on the Nigerian Exchange Limited (NGX) extended their upward momentum on Wednesday, July 24, 2025, with the All-Share Index (ASI) appreciating by 0.08%. This modest gain was largely driven…
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging cutting-edge technologies like blockchain and quantum computing to drive innovation in Nigeria’s…
A new study by Strategy Management Partners has revealed that Africa is becoming a top priority for UK-based companies looking for long-term growth opportunities. The report, based on a survey…
The yield on the 10-year U.S. Treasury ticked up slightly early Thursday, rising 1 basis point to 4.4%, as financial markets kept a close watch on the evolving relationship between…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has praised the rebased Gross Domestic Product (GDP) figures and the 3.13% growth recorded in the first…
Artificial intelligence is emerging as a major growth engine for the global entertainment and media industry, with revenue projected to hit $3.5 trillion by 2029, according to PwC’s latest Global…
As of March 2025, Nigerian commercial banks recorded 29.4 million closed bank accounts, reflecting an aggressive cleanup of questionable accounts and efforts to comply with regulatory mandates. This move aligns…
Asian stocks rallied on Thursday as growing optimism surrounding trade agreements and strong corporate earnings lifted investor confidence across global markets. The MSCI Asia-Pacific index outside Japan climbed 0.4%, reaching…
A Microsoft blog post released on Wednesday revealed that a hacker group identified as “Storm-2603” has begun using a previously exploited vulnerability in Microsoft SharePoint Server to launch ransomware attacks.…
At least 11 commercial banks in Nigeria surpassed the Central Bank of Nigeria’s (CBN) regulatory ceiling of five percent for non-performing loans (NPLs) as of April 2025, according to a…
For the first time in history, the United States became a net exporter of crude oil to Nigeria in February and March 2024, driven by surging demand from the newly…
Reassurance Amid Global Uncertainty:Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has affirmed the stability and resilience of Nigeria’s financial system despite global economic headwinds. Speaking at the…
Nigeria’s currency, the naira, is projected to appreciate to ₦1,400 per dollar in the second half of 2025, according to a forecast by investment firm Comercio Partners. This outlook comes…
The Nigerian Exchange Limited (NGX) wrapped up Wednesday’s trading session on a muted note, recording a modest gain of N67bn in market capitalization. This brought the total market value to…
The Fintech Association of Nigeria (FinTechNGR) is set to take its flagship event, the Nigerian Fintech Week, beyond Lagos for the first time in 2025. Under the theme “The Fintech…
Nigeria’s Information and Communication Technology (ICT) sector has continued to drive the nation’s economic performance, contributing 10.59% to the country’s real Gross Domestic Product (GDP) in the first quarter of…
Global cyber attacks soared by 21% in the second quarter of 2025 compared to the same period in 2024, according to a new report by Check Point Research. On average,…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the country must sustain a minimum of 7% annual economic growth to meaningfully uplift its poorest…
Sovereign wealth funds (SWFs) across Africa are emerging as powerful tools for capital mobilisation, strategic investments, and long-term economic resilience, according to Aminu Umar-Sadiq, CEO of the Nigeria Sovereign Investment…
In anticipation of Ghana’s upcoming mid-year budget review, the Ghana Chamber of Mines is advocating for a reduction in the Growth and Sustainability Levy from 3% to 1%. The Chamber…
Microsoft is facing scrutiny after a critical security patch issued for its SharePoint server software failed to fully address a major vulnerability, enabling a global cyber espionage campaign. The flaw,…
Japanese Finance Minister Katsunobu Kato announced that the recent bilateral trade agreement between Japan and the United States does not include any provisions or discussions related to foreign exchange (forex)…
Global stock markets surged following a breakthrough trade agreement between the United States and Japan, which saw reduced tariffs on Japanese automobile exports. The Euro STOXX 600 rose by 1%,…
Nigeria’s Information and Communications Technology (ICT) sector posted a significant 31.63% year-on-year nominal GDP growth in Q1 2025, a sharp rise from the 3.40% growth recorded in Q1 2024. This…
Aliko Dangote, President/CEO of Dangote Industries, revealed that the Dangote Refinery imports between 9 to 10 million barrels of crude oil monthly from the U.S. and other countries, despite Nigeria…
The Nigerian stock market maintained its bullish momentum on Tuesday, July 22, 2025, adding ₦396 billion in market capitalisation as investor appetite surged across key sectors. The All-Share Index (ASI)…