Real Time Financial News Website
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals potential interest rate cuts. Analysts say the expected shift in U.S. monetary policy may…
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent year-on-year increase in Profit Before Tax (PBT) to N1.98 billion, compared…
Nigeria’s economy expanded by 3.13% in Q1 2025, surpassing last year’s 2.27% but falling short of the 4.9% forecast, highlighting persistent economic headwinds. Despite these challenges, the nation’s financial markets…
Ghana’s government has settled GH¢9.7 billion in coupon arrears under the Domestic Debt Exchange Programme (DDEP), a move expected to boost investor confidence as the country prepares to re-enter the…
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000 Compressed Natural Gas (CNG)-powered trucks have arrived in Nigeria. These trucks…
The Nigeria Data Protection Commission (NDPC) has launched an aggressive enforcement drive targeting financial institutions and tech firms over compliance with the Nigeria Data Protection Act, 2023. The move signals…
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in September 2024, despite hopes for price stability. Data from the National Bureau of Statistics (NBS)…
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in the first seven months of 2025, amid sustained investor appetite for naira-denominated…
Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc collectively recorded an impressive N1.09 trillion in revenue for the first half (H1) of 2025, despite persistent macroeconomic challenges in…
FCMB Group Plc has announced plans to raise equity capital as part of its strategy to strengthen its capital base and support regional and international expansion. The financial services group…
Nigeria’s economy is on track to post faster growth in the second quarter of 2025, with analysts projecting real GDP expansion between 3.2% and 3.9%. This marks an improvement over…
U.S. Treasury yields ticked higher on Monday as investors assessed Federal Reserve Chair Jerome Powell’s recent comments and shifted focus to key inflation data due later this week. The cautious…
European markets started the week on a weaker note, with the pan-European Stoxx 600 slipping 0.2% in early trading on Monday. Major regional indexes were largely in negative territory, with…
Ghana’s Treasury Bill market remained under pressure last week as the government failed to meet its issuance target for the third straight week. The shortfall underscores persistent challenges in attracting…
The Central Bank of Nigeria (CBN) has launched the Bank Customers’ Bill of Rights to protect consumers and promote fair treatment across the financial sector. With over 66.2 million Nigerians…
Nigeria and Japan have agreed to deepen cooperation in the mining sector as both nations seek to unlock investment opportunities in Nigeria’s vast mineral reserves. The Ministry of Solid Minerals…
The Nigerian equities market witnessed a sharp downturn last week, as investors lost approximately N2.29 trillion due to sustained selloffs across major sectors. The All-Share Index (ASI) of the Nigerian…
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The commission…
The United Kingdom emerged as Nigeria’s leading source of foreign capital in the first quarter of 2025, contributing ₦5.52 trillion ($3.68 billion) — over 65% of the total inflows during…
Germany’s economy contracted by 0.3% in the second quarter of 2025, according to revised data from the Federal Statistics Office, deepening concerns about Europe’s largest economy. The figure marks a…
Nigeria’s Finance Minister Wale Edun and Central Bank Governor Olayemi Cardoso met in Abuja on Wednesday to discuss strategies aimed at strengthening macroeconomic stability and restoring investor confidence. The high-level…
Google has introduced its groundbreaking AI Mode in Search across Nigeria, Kenya, and South Africa, making the three nations the first in Africa to experience this advanced feature. The rollout,…
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025, despite mounting financial obligations. In its latest monthly performance report, the state-owned…
Nigeria recorded a significant boost in foreign exchange inflows in July 2025, climbing 24% to $1.7 billion, driven largely by non-bank corporates, according to data from FMDQ. For the second…
The Nigerian stock market extended its losing streak on Thursday, shedding N781 billion in market value as persistent sell-offs dragged performance into negative territory. The All-Share Index (ASI) fell by…
Ghanaian small and medium enterprises (SMEs) are being encouraged to leverage Canada’s labour market as a strategic pathway for growth and international expansion. Immigration is increasingly seen not just as…
Ghana’s government has reaffirmed its commitment to fiscal stability and private sector development as part of ongoing efforts to sustain the country’s economic rebound. According to the Chief of Staff…
European stocks edged lower on Friday as investors digested fresh details of the trade agreement between the European Union and the United States. The pan-European Stoxx 600 slipped 0.1% in…
OpenAI, the creator of ChatGPT and backed by Microsoft, announced plans to establish its first office in India later this year. The new office will be located in New Delhi,…
Nigeria’s foreign exchange reserves have surged past the $41 billion mark in August, recording their strongest level since December 2021. The reserves rose by over $3 billion in just over…