Real Time Financial News Website
The Nigerian equities market recorded a significant surge as the All-Share Index (ASI) climbed above the 128,000-point mark, closing at 128,967.08 points. This marks a 1.20% increase (2,277.54 points) from…
In the first half of 2025, Nigeria’s Eurobonds outperformed those of other African nations, recording the sharpest decline in yields—a sign of growing investor confidence. The average yield on Nigeria’s…
A new report by the World Bank Group has revealed a significant surge in financial account usage and formal savings in Nigeria and other developing economies, largely driven by mobile-phone…
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate to 22.22% in June 2025, down from 22.97% in May 2025. The bureau attributed this…
Meta Platforms Inc., the parent company of Facebook and Instagram, is facing a major legal challenge in Nigeria over a $32.8 million fine imposed by the Nigeria Data Protection Commission…
In a landmark move for the digital asset industry, the Republican-led U.S. House of Representatives cleared procedural obstacles on Wednesday to advance key cryptocurrency legislation. This development followed direct intervention…
The Nigerian naira appreciated further in the parallel (black) market on Wednesday, strengthening to ₦1,537 per US dollar. This marks a ₦8 gain from Monday’s rate of ₦1,545, narrowing the…
Fitch Solutions anticipates that the Bank of Ghana (BoG) will maintain its benchmark policy rate at 28% during an emergency Monetary Policy Committee (MPC) meeting scheduled for Thursday, July 17,…
In the first half of 2025, the Central Bank of Nigeria (CBN) injected $4.1 billion into the foreign exchange market, more than triple the $1.3 billion deployed during the same…
Aliko Dangote, President of Dangote Industries Limited, has expressed grave concern over Africa’s increasing reliance on imported petroleum products, warning that the continent is becoming a dumping ground for substandard…
Meta has intensified its aggressive AI talent acquisition strategy by securing two more top researchers from OpenAI, Jason Wei and Hyung Won Chung. Both scientists, who previously transitioned from Google…
AI-powered coding tools are undergoing a significant transition — moving away from traditional integrated development environments (IDEs) like Cursor, Windsurf, and GitHub Copilot, and into the command-line interface (CLI), or…
In a major move to foster economic collaboration with African nations, the United Kingdom has introduced far-reaching trade reforms aimed at simplifying market access for African exporters, with a particular…
French carmaker Renault has appointed Duncan Minto as interim CEO following the unexpected resignation of Luca de Meo last month. Minto, who currently serves as the company’s CFO, will manage…
The Nigerian capital market achieved a significant milestone in the first half of 2025, with total market capitalisation rising by N14.13 trillion to N126.73 trillion. This represents a 16% growth…
In a significant crackdown on inauthentic behavior, Meta, the parent company of Facebook, Instagram, and Threads, announced it removed over 10 million fake profiles and 500,000 spam accounts in the…
European stock markets opened mixed on Wednesday as investors digested fresh U.S. inflation data and braced for additional reports that could shape expectations for future interest rate decisions. The MSCI…
An Australian artificial intelligence startup, Greenroom Robotics, has received a landmark AUKUS exemption licence from the Australian government, marking a major step in international defence collaboration. This licence allows the…
A major dispute has emerged between Nigeria’s top industrialist Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the actual daily petrol consumption of the country.…
A new report by German nonprofit Urgewald reveals that global banks have provided over $385 billion in financing to the coal power industry over the past three years, despite international…
The International Monetary Fund (IMF) has expressed serious concerns over recent court decisions in Ghana that reversed actions by the Bank of Ghana (BoG) to revoke the licenses of troubled…
The Nigerian naira rallied to its strongest level since March, closing at N1,518 per dollar on the official foreign exchange market. This milestone marks a psychological breakthrough, as the currency…
The Nigerian equities market kicked off the new trading week on a strong positive note, with the overall market capitalisation surpassing the N80 trillion mark. The All Share Index (ASI)…
In a landmark move to strengthen technological innovation and cross-border collaboration, the Lagos State Government and the City of London have officially partnered to create a global tech alliance. The…
In a groundbreaking move for clean energy adoption, Google has entered a $3 billion agreement with Brookfield Asset Management to secure up to 3 gigawatts of hydropower in the United…
U.S. consumer price data released on Tuesday showed signs that tariff-related inflation is starting to take hold, sending Wall Street’s major indexes — the S&P 500 and Nasdaq — retreating…
Asian stock markets faced pressure on Wednesday following signs of rising U.S. inflation linked to fresh tariffs, which weakened expectations of interest rate cuts by the Federal Reserve. The U.S.…
The Nigerian outsourcing industry is undergoing a significant transformation with the integration of artificial intelligence (AI) to improve service delivery and stay globally competitive. This shift was the central theme…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has come out in strong defense of President Bola Tinubu’s bold economic reforms. Speaking through Sayande Okoli, the…
Nigeria’s newly updated Investment and Securities Act (ISA) of 2025 officially recognizes cryptocurrencies and other virtual assets as securities, marking a major shift in the country’s approach to digital finance.…