Real Time Financial News Website
President Bola Tinubu has directed the immediate implementation of pension increases and free healthcare access for low-income retirees under the Contributory Pension Scheme (CPS). This policy shift, aimed at enhancing…
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million from $421.88 million in Q4 2024, according to the National…
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified forward foreign exchange (FX) transactions, announcing that the value of all such failed deals…
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by skyrocketing mobile internet usage. MTN’s data revenue surged by 85.6% year-on-year to ₦701…
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the first half of 2025, according to data from the State…
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half of 2025, buoyed by a…
Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and hitting the lowest point since October 2021. This marks a significant easing…
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence boosting the All-Share Index (ASI) by 0.70%, closing at 145,813.86 points. This surge raised the year-to-date…
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to the ₦311.41 billion in the same period of 2024. This…
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output recorded so far this year—marking a 5% increase from June’s 1.7 mbpd. This…
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting investment in the nation’s gas sector and advancing its economic…
As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence (AI)-powered cybersecurity tools to help businesses—both large and small—combat the rising tide of digital…
For the first time, OpenAI’s models will be accessible through Amazon Web Services (AWS), marking a significant shift in cloud AI partnerships. AWS announced that OpenAI’s newly released open-weight reasoning…
OpenAI has released a new series of artificial intelligence models called GPT-OSS, marking a major shift toward openness in AI development. The models come in two sizes—a powerful 120-billion-parameter version…
Nigeria experienced a significant boost in foreign capital inflows in the first quarter (Q1) of 2025, with total capital importation rising to $5.642 billion. This marks a 67.12% increase from…
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs of up to 250% on the pharmaceutical sector within the next 18 months. The…
Capital importation into Nigeria surged by 67.12% year-on-year in the first quarter of 2025, reaching $5.642 billion compared to $3.376 billion in Q1 2024, according to the National Bureau of…
The Nigerian equities market continued its bullish momentum on Tuesday, August 6, 2025, driven by strong investor interest in BUA Cement Plc and 51 other stocks. This broad-based buying activity…
The Chamber of Petroleum Consumers (COPEC) has firmly rejected reports of a proposed 20% increase in public transport fares set to take effect on Friday, August 8, 2025. In a…
The Bank of Ghana (BoG) has implemented a historic monetary policy shift by cutting its benchmark policy rate by 300 basis points, bringing it down to 25%. This move marks…
President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, marking a significant milestone in the administration’s push toward achieving a $1 trillion economy.…
Nigeria’s leading telecom operators, MTN and Airtel, have collectively invested over N824.7 billion in network infrastructure and expansion in the first half of 2025. MTN led with a dramatic 288.4%…
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according to market data and analysts’ reports. On Monday, the naira appreciated slightly at the…
Capital importation into Nigeria jumped to $5.64 billion in the first quarter of 2025, marking a 67.12% increase from the same period last year, according to the National Bureau of…
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has revealed that the recent sharp appreciation of the Ghanaian cedi has led to a significant decline in remittance inflows.…
OpenAI, the developer behind ChatGPT, is reportedly exploring a new stock sale that could value the company at an astonishing $500 billion. This internal transaction would allow current and former…
Asian stock indexes made modest gains on Wednesday, with Japan and Australia outperforming regional peers. Investors appeared to shrug off weak U.S. economic data and looming concerns over new tariffs,…
Suitroh Nigeria Limited, a fintech-driven logistics company, has unveiled a new digital trade platform called X-Inventory, aimed at improving supply chain efficiency and financial access for small and medium-sized enterprises…
President Bola Tinubu’s recent endorsement of comprehensive tax reforms signals a significant shift in Nigeria’s economic direction, particularly for the tech industry. Spearheaded by the Presidential Fiscal Policy and Tax…
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by Nairametrics Research. This follows the Central Bank of Nigeria’s (CBN) aggressive…