Real Time Financial News Website
The International Monetary Fund (IMF) has called on governments worldwide to strengthen debt transparency to restore investor confidence and reduce borrowing costs. The warning comes amid rising global debt levels…
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report, a potential turning point for the current bull market. Futures linked to the Dow…
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46 million barrels, representing an 18.9% deficit against the Federal Government’s production target.…
U.S. President Donald Trump’s decision to double tariffs on Indian goods to as high as 50% officially took effect on Wednesday, intensifying trade tensions between the world’s two largest democracies.…
Ghana has initiated a major step to strengthen agricultural financing by setting up three Technical Committees to develop new funding frameworks for cocoa, oil palm, and other key economic crops.…
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in market activity to renewed investor confidence in his administration’s economic reforms. Speaking during a…
The Central Bank of Nigeria (CBN) has directed all financial institutions and payment service providers to complete the migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of…
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540 recorded on Monday. This marks another round of depreciation, reflecting persistent pressure…
Kaduna State Governor Uba Sani has praised President Bola Tinubu’s recent state visit to Brazil as a transformative step for Nigeria’s economy, highlighting over $30 billion in expected investments. The…
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting N1.81 trillion, more than double June’s N778.65 billion—a monthly increase of 133 per cent.…
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President Donald Trump, including the unprecedented removal of a Federal Reserve governor and threats…
Nigeria and Brazil have entered a landmark Memorandum of Understanding (MoU) to strengthen cooperation in Science, Technology, and Innovation. The agreement, signed in Brasília by Nigeria’s Minister of Innovation, Science,…
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to weaken, widening the gap with the services sector. Industry stakeholders warn that this imbalance reflects deep-rooted…
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence vote next month. The CAC 40 index plunged over 2% in early trading after…
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks to record inflows from the 13% derivation fund, according to…
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital market reforms as part of efforts to position Nigeria for its $1 trillion economy target.…
President Donald Trump has warned of imposing additional tariffs and export restrictions on countries that enact laws perceived to target US technology companies. The warning came in a statement posted…
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year output challenges. Data from the Nigerian Upstream Petroleum Regulatory Commission…
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data centers and subsea cable projects. The move comes as internet penetration across the continent accelerates,…
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have issued a two-week ultimatum to the Securities and Exchange Commission (SEC) to release…
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5% year-on-year dip in Foreign Direct Investment (FDI), according to the Ghana Investment Promotion…
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash deposits with the Central Bank of Nigeria (CBN) by 41.6 percent, while borrowing from…
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp turnaround from a $779 million deficit in the same…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between the Federal Government, oil marketers, and other stakeholders. The scheme,…
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria, five years after the company halted its joint venture operations. Speaking at a joint…
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political tensions. Markets are closely watching U.S. President Donald Trump’s latest move against…
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five years, leaving investors holding “silent stocks” with little to no…
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779 million deficit from the same period in 2024. According to…
OpenAI has issued a stern warning to investors and the public over unauthorized sales and investment schemes involving its equity, emphasizing that any transfer without the company’s written consent is…
Meta, the owner of Facebook, Instagram, WhatsApp, and Threads, and X, formerly Twitter, have been flagged for non-compliance with Nigeria’s Code of Practice for Interactive Computer Service Platforms and Internet…