Real Time Financial News Website
First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria in recognition of its impactful partnership in empowering Nigerian youth. The award ceremony took…
IMBIL Telecom Solutions Nigeria Ltd has been awarded the prestigious ISO/IEC 27001:2022 certification for Information Security Management Systems (ISMS), highlighting its adherence to international standards in information security. The certification…
Ghana’s savings and loans sector is experiencing a surge in public confidence, highlighted by a significant 39.4% year-on-year rise in deposit mobilisation, reaching GHS 6.1 billion in 2024. This rebound…
Nigeria’s equities market recorded a 0.30% rise on Tuesday, July 8, 2025, marking its second consecutive positive trading session for the week. Key stocks such as NGX Group, Champion Breweries,…
Global stock markets continued their upward climb on Thursday, fueled by mounting optimism over artificial intelligence (AI) advancements and expectations of U.S. interest rate cuts. This bullish sentiment held firm…
A coalition of European telecommunications companies has voiced strong opposition to proposed European Union (EU) changes that would ease regulations in the fixed network sector. In an open letter published…
In a strategic move to boost Nigeria’s international investment appeal, Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, led a high-profile delegation to the Ogun State Investment…
The Nigerian Exchange Limited (NGX) has officially listed the June 2025 edition of the Federal Government of Nigeria (FGN) Savings Bonds, totaling N4.01 billion. This announcement was made through a…
Ghana has officially received a $367 million disbursement from the International Monetary Fund (IMF), marking the fifth tranche of its $3 billion Extended Credit Facility (ECF) programme. The funds were…
The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, July 10, 2025, posting a significant gain of N212 billion. This increase was fueled by renewed investor interest in…
In a bold move that escalates the ongoing global trade war, U.S. President Donald Trump has announced sweeping new tariffs on a range of imported goods, including copper, semiconductors, and…
The Nigerian banking sector’s capital shortfall has reduced to ₦783.4 billion following Stanbic IBTC Holdings’ successful recapitalisation. This move comes as the Central Bank of Nigeria (CBN) maintains its directive…
Bitcoin surged to an unprecedented high of $112,000 on Wednesday, marking a major milestone for the flagship cryptocurrency. This 3.1% climb brings its year-to-date gain to nearly 20%, driven by…
Meta Platforms Inc. has made headlines by securing the services of Ruoming Pang, a former top AI engineer at Apple, with a jaw-dropping compensation package reportedly exceeding $200 million. The…
The Dangote Petroleum Refinery is set to expand its export operations by constructing a fuel storage facility in Namibia with a capacity of 1.6 million barrels of petrol and diesel.…
Nvidia made history on Wednesday by becoming the first publicly traded company to hit a market valuation of $4 trillion. This milestone reflects the accelerating influence of artificial intelligence (AI)…
Nigeria’s economy has recorded its sixth consecutive month of expansion, according to the June 2025 Purchasing Managers’ Index (PMI) released by the Central Bank of Nigeria (CBN). Despite growing concerns…
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of the naira against the US dollar and an uptick in foreign exchange…
OpenAI is preparing to launch a groundbreaking AI-powered web browser that will directly compete with Google Chrome, according to sources familiar with the matter. The browser, expected to debut in…
European investors are closely watching the second-quarter earnings season, which could reveal how well companies are coping with renewed trade tensions and shifting global market conditions. Despite a rebound in…
The Nigerian equities market continued its bullish run midweek, with a significant gain of ₦212 billion in market capitalisation on Wednesday. The All Share Index (ASI) climbed by 0.28%, adding…
The International Monetary Fund (IMF) has strengthened its collaboration with Nigeria’s Federal Inland Revenue Service (FIRS), offering enhanced technical assistance and capacity-building support. This move comes as Nigeria begins implementing…
The National Bureau of Statistics (NBS) is set to release Nigeria’s long-overdue rebased Gross Domestic Product (GDP) figures, updating the economic framework for the first time in over a decade.…
Starlink, Elon Musk’s satellite internet venture under SpaceX, has finally received the green light to commence commercial operations in India, according to insider sources. The approval from India’s space regulator…
Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions following deadly Houthi attacks in the Red Sea. These attacks, which killed four crew…
U.S. companies are preparing to report second-quarter earnings as markets weigh the effects of President Donald Trump’s newly launched tariff war. Earnings growth is expected to slow, with analysts forecasting…
Four Nigerian insurance firms—AXA Mansard Insurance Plc, Consolidated Hallmark Holdings Plc, Linkage Assurance Plc, and Sunu Assurance Nigeria Plc, are projecting a combined after-tax profit of N14.1 billion for Q2…
European stock markets opened slightly higher on Wednesday despite a major trade development from the United States. President Donald Trump announced a 50% tariff on imported copper and hinted at…
Ghana’s strengthened international reserves are expected to enhance currency stability and improve citizens’ purchasing power, according to Merban Capital’s Head of Finance, Nelson Cudjoe Kuagbedzi. He stated that the improved…
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to N820 per litre. This adjustment, announced on July 9, 2025,…