Real Time Financial News Website
Telecommunications subscribers across Nigeria are expressing growing frustration over deteriorating network quality, even as mobile operators prepare to inject $1 billion into infrastructure upgrades. Users nationwide have reported persistent issues…
Traders are holding steady on their expectations that the Federal Reserve will begin cutting short-term interest rates by September, even after a recent government report showed a higher-than-expected increase in…
The Securities and Exchange Commission (SEC) has issued a public warning about Forsman & Bodenforms Limited, stating that the company is not authorized to operate in Nigeria’s capital market. According…
The Nigerian American Chamber of Commerce (NACC) has partnered with the Nigeria eGovernment Summit 2025 to promote digital transformation in government operations. Announced by NACC President Sheriff Balogun, the collaboration…
First City Monument Bank (FCMB) has rewarded a total of 3,016 customers in the 10th season of its highly popular Millionaire Promo, aimed at encouraging savings and rewarding loyalty. Since…
The Central Bank of Nigeria (CBN) is facing mounting challenges in its push to secure $1 billion in monthly diaspora remittances, a key plank in its foreign exchange strategy. While…
In the first half of 2025, funding for US startups surged by 75.6%, reaching $162.8 billion — the strongest showing since 2021’s record-breaking period. This impressive growth was largely fueled…
BudgIT Ghana has officially launched its Simplified 2025 Budget Statement, reaffirming its commitment to promoting fiscal transparency and participatory governance. The initiative includes a stakeholder capacity-building workshop slated for July…
The Nigerian naira recorded its strongest performance in four months on Monday, appreciating to ₦1,518/$ on the official market. This rebound marks a notable turnaround from recent weeks, when the…
Eight Nigerian banks posted a total of N156bn in impairment charges on credit and financial assets during Q1 2025, reflecting the pressure of Nigeria’s volatile economic landscape. Despite a slight…
Stockbrokers under the Chartered Institute of Stockbrokers (CIS) are organizing a high-level workshop to explore the capital market’s role in helping Nigeria achieve its ambitious goal of a $1 trillion…
European markets opened lower on Monday after U.S. President Donald Trump unexpectedly announced a 30% tariff on all EU imports, effective August 1. The announcement caught investors and analysts off…
The Nigerian Exchange Limited (NGX) facilitated capital raising worth ₦4.63 trillion in the first half of 2025, marking a significant leap in Nigeria’s capital market performance. The funds, sourced from…
Financial experts anticipate a modest decline in Nigeria’s headline inflation for June 2025, following a rate of 22.97% in May. Most projections place the figure between 22.0% and 22.8%, driven…
European markets appeared largely indifferent to Donald Trump’s latest threat to impose 30% tariffs on EU and Mexican imports starting in August. Despite the potential implications, the euro and eurozone…
Artificial Intelligence (AI) is increasingly transforming the public relations (PR) industry in Nigeria, according to Anietie Udoh, Divisional Director at Marketing Edge Publication Limited. Speaking at an interactive session in…
The Nigerian stock market sustained its bullish momentum last week, buoyed by favorable macroeconomic conditions and a continued decline in fixed income yields. These dynamics encouraged investors to shift focus…
Organized labour, petroleum marketers, and energy experts have supported Aliko Dangote’s assertion that Nigeria’s state-owned refineries under the Nigerian National Petroleum Company Limited (NNPCL) may never operate effectively again. Despite…
The Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised an alarm over the increasing threat of digital asset fraud to the integrity of the…
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has weighed in on the United States’ proposed trade tariffs targeting countries aligned with BRICS, warning of potential disruption to Nigeria’s…
Tesla CEO and tech billionaire Elon Musk has stated he does not support a merger between Tesla Inc. and his AI company, xAI. This comment came as a direct response…
As the Central Bank of Nigeria’s (CBN) deadline for the Capital Restoration Plan expires today, banks are bracing for a shift toward more conservative lending practices. Financial analysts predict that…
Nigeria is preparing to formally request a 25% increase in its oil production quota from the Organisation of Petroleum Exporting Countries (OPEC) by 2027, according to the Nigerian National Petroleum…
Demand for Ghana’s treasury bills weakened sharply in the second week of July 2025, as the government faced a significant undersubscription at its latest auction. Data from the Bank of…
Bitcoin has surged to a new all-time high, breaching $121,000 with a 24-hour increase of 1.76%, fueled by a combination of strong spot buying, favorable technical indicators, and growing regulatory…
The Nigerian stock market closed the week ended July 11, 2025, on a bullish note as the All-Share Index (ASI) gained 5,159.93 points, representing a 4.26% week-on-week growth. This marked…
Meta, the parent company of Facebook and Instagram, has acquired Play AI, a startup known for its work in creating human-like, AI-generated voices. The acquisition aims to bolster Meta’s capabilities…
Wall Street and European share futures slipped slightly in early Asian trading on Monday after former U.S. President Donald Trump announced plans to impose a 30% tariff on most imports…
Malaysia’s Ministry of Investment, Trade and Industry has announced that all exports, transshipments, and transit activities involving high-performance artificial intelligence (AI) chips originating from the United States will now require…
Nigeria’s foreign exchange market saw a significant setback in June 2025, as total dollar inflows dropped to $4.84 billion, a steep 28.1% fall from the $6.74 billion recorded in May.…