Real Time Financial News Website
Nigeria’s telecommunications stakeholders have projected that fully digitized public services could generate more than $110 billion annually, citing reduced inefficiencies, improved transparency, and stronger tax collection. The projection was made…
Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4 trillion between January and July 2025, marking a historic performance for the country’s fiscal system.…
The Nigerian Exchange (NGX) closed on a bearish note on Thursday, August 28, as the All-Share Index (ASI) slipped by 691.52 points to settle at 140,557.24. This represents a 0.49%…
The National Information Technology Development Agency (NITDA) has partnered with Google to strengthen Nigeria’s cybersecurity ecosystem and accelerate the country’s digital transformation. The collaboration follows a recent meeting between President…
The Nigeria Economic Summit Group (NESG) has urged the Federal Government to shift its economic growth strategy from inflation management to productivity-driven reforms. In its latest report on the rebasing…
Nigeria’s diaspora remittances have witnessed a sharp surge, hitting $600 million monthly in the past two months, according to the Central Bank of Nigeria (CBN). The figure represents a 200…
Dangote Group has signed a landmark $2.5 billion agreement with Ethiopian Investment Holdings (EIH) to build a world-class urea fertiliser plant in Gode, Ethiopia. The deal, signed in Addis Ababa,…
Stakeholders in Nigeria’s capital market have thrown their weight behind President Bola Tinubu’s economic reforms and called on more companies to list on the Nigerian Exchange (NGX). They stressed that…
The Federal Government has approved a new Medium-Term National Development Plan (MTNDP) 2026–2030, aimed at consolidating ongoing reforms and accelerating Nigeria’s economic growth. The Minister of Budget and Economic Planning,…
European markets are set for a mixed open on Friday as investors brace for fresh inflation data from both the eurozone and the United States. Price figures are due from…
The Ghana Chamber of Telecommunications has announced a major leadership transition, with MTN Ghana CEO Stephen Blewett elected as Chairperson of its Governing Council for the 2025–2026 term. He succeeds…
Ghana has announced that it will officially begin exporting Forest Law Enforcement, Governance and Trade (FLEGT)-licensed timber to the European Union on October 8, 2025. This milestone follows a 16-year…
The Nigerian Communications Commission (NCC) has announced plans to roll out a new cybersecurity framework aimed at strengthening protection across Nigeria’s telecom sector and digital infrastructure. The initiative, expected to…
Nigeria’s banking sector is approaching a critical juncture as the Central Bank of Nigeria (CBN) prepares to end its regulatory forbearance program by December 2025. Fitch Ratings has warned that…
The Nigerian Exchange closed in the red on Thursday as bearish trading wiped off N438 billion from investors’ wealth, pushing the equities market capitalisation down to N88.9 trillion. The All-Share…
Fifteen Nigerian companies across banking, insurance, industrials, and real estate are currently trading below their book value, with an average price-to-book (P/B) ratio of just 0.60. This means investors can…
Africa’s richest man, Aliko Dangote, has signed a landmark $2.5 billion agreement with the Ethiopian government to build a world-class fertilizer plant, a project expected to transform the country’s agriculture-driven…
A sharp 50 percent tariff hike on telecom services has triggered a significant decline in Nigeria’s mobile and internet subscriptions, according to the latest data from the Nigerian Communications Commission…
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to focus on three key priorities to sustain Nigeria’s economic recovery: supporting business continuity, boosting productivity, and creating jobs.…
US-based chipmaker Nvidia reported stronger-than-expected earnings for its latest quarter, but investor sentiment cooled as concerns grew over slowing sales in China and fears of an artificial intelligence (AI) spending…
Nigerian companies are increasingly turning to short-term debt instruments to navigate soaring borrowing costs fueled by record-high interest rates. Firms issued a staggering ₦1.8 trillion ($1.2 billion) in short-term notes…
The naira regained strength on Wednesday after two days of marginal losses, supported by Nigeria’s external reserves crossing the $41 billion mark for the first time in over four years.…
European stock markets opened higher on Thursday, lifted by strong earnings from U.S. tech giant Nvidia, even as investors weighed regulatory concerns around British renewable energy firm Drax. The pan-European…
Technology and economic experts have urged Nigeria to accelerate the adoption of Artificial Intelligence (AI) and digital innovation as a catalyst for economic diversification and sustainable growth. The call was…
Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive Officer (GMD/CEO), effective August 29, 2025, following regulatory approval. The…
Nigeria’s trade with China’s Guangxi region climbed to $320 million in 2024, marking a significant 21% growth year-on-year. The development was revealed by Zhang Xiaoqin, Vice Chairman of the Standing…
The Nigerian stock market closed on a negative note on Thursday, shedding N324 billion in market capitalization after the benchmark All-Share Index fell by 512.60 points or 0.36 per cent,…
The Nigerian Exchange Group (NGX) has emphasized that capital markets will be instrumental in driving trade and investment between Nigeria and Brazil. The Group Managing Director and Chief Executive Officer…
The Federal Government of Nigeria has reaffirmed its commitment to leveraging artificial intelligence (AI) and digital innovation as key drivers of economic growth. According to projections shared by the National…
The Importers and Exporters Association of Ghana has urged its members to adopt credit or Visa cards for international transactions following a new directive from the Bank of Ghana (BoG).…