Real Time Financial News Website
FCMB Group Plc has reported a profit before tax of N79.3 billion for the first half of 2025, marking a 23% year-on-year increase, according to its unaudited financial results. This…
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) fell by 20.9% in July 2025 to $3.83 billion, down from $4.84 billion in June. According to FMDQ data, the…
Nigeria’s economic growth lost significant momentum in July 2025, with the manufacturing sector experiencing its steepest contraction on record. This was disclosed in the latest Business Confidence Monitor (BCM) jointly…
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the first seven months of 2025, compared to ₦9.03 trillion during the same…
Ghana’s latest Treasury bill (T-bill) auction has recorded a significant oversubscription, with investor demand surpassing the government’s target by 42.07%. According to data from the Bank of Ghana, the government…
Ghana must embrace sustainable debt management to escape its recurring dependence on the International Monetary Fund (IMF) bailouts, according to Abdul Karim Mohammed, Coordinator of the Economic Governance Platform. Speaking…
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, has raised alarms over a staggering $2.1 billion worth of suspicious cryptocurrency transactions recorded in West Africa during 2024.…
Swiss markets opened the week on a negative note as the announcement of new U.S. tariffs sparked a sell-off in key sectors, notably impacting Swiss blue-chip stocks. The SMI index…
OpenAI’s quest for general-purpose AI agents began quietly with an internal team called MathGen. Their focus was improving mathematical reasoning in AI models — a challenge that culminated in a…
Six months after the Central Bank of Nigeria (CBN) launched the Nigerian Foreign Exchange Code (FX Code), the country is seeing tangible economic improvements. The initiative, introduced in February 2025…
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for Nigeria upward, projecting a 3.4% expansion—higher than its April estimate of 3.0%. Analysts attribute this positive outlook…
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined sharply by 20.9% in July 2025, marking the second consecutive month of decline despite analysts’ expectations of robust market…
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience in the country’s economy. According to the NESG-Stanbic IBTC Business…
U.S. President Donald Trump announced 25% tariffs on imports from India alongside an unspecified penalty, aiming to pressure New Delhi into a trade deal. Despite the announcement, India has not…
The Debt Management Office (DMO) has announced the opening of the August 2025 Federal Government of Nigeria (FGN) savings bond offer, presenting a two-year and three-year option with annual interest…
Analysts at FBNQuest Merchant Bank project that Nigeria’s economy will maintain its recovery in 2025, with real GDP expected to grow by 3.4% by year-end. This forecast aligns with the…
As Nigeria’s fintech industry matures, startups are experiencing increasing regulatory scrutiny from agencies like the Central Bank of Nigeria (CBN) and the Nigerian Financial Intelligence Unit (NFIU). According to fintech…
Malaysia has agreed to spend up to $150 billion over the next five years on U.S. technology and infrastructure equipment in key sectors like semiconductors, aerospace, and data centres, Trade…
Despite the Bank of Ghana’s (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent, commercial banks may not significantly lower their lending rates, says…
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from N855 to N890 per litre across its retail…
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery, according to the latest NESG-Stanbic IBTC Business Confidence Monitor (BCM). The report highlighted that…
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The All-Share Index (ASI) soared by 5.07%, reaching an all-time high of 141,263.05 points.…
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15% tariff imposed by the United States on Nigerian exports, effective from August…
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote Refinery to collaborate with existing downstream players on a unified fuel distribution framework.…
The Africa Creative Market (ACM) has announced that its 2025 edition will be centered on expanding Africa’s creative exports and attracting global investment into the continent’s fast-evolving creative economy. Organized…
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025, dropping to N589.45 billion from N2.199 trillion in the same period…
The Anchor Borrowers’ Programmer (ABP), introduced by the Central Bank of Nigeria (CBN) in 2015 to boost smallholder farmers’ access to credit and inputs, has come under heavy criticism from…
Banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 783.7% year-on-year to N79.8 trillion in the first seven months of 2025, up from N9.03 trillion during the same…
Meta Platforms Inc. announced it will increase its capital expenditure to as much as $72 billion in 2025, driven by the escalating demand for artificial intelligence infrastructure. This updated spending…
Africa’s fintech industry reclaimed its position as the continent’s leading startup funding recipient in the first half of 2025, securing $640 million driven by five major deals, according to the…