Real Time Financial News Website
Four international technology firms—Lakeba Group (Australia), Next Digital (Nigeria), AqlanX (UAE), and Agentic Dynamic (Netherlands)—have signed a Memorandum of Understanding (MoU) to establish AfricAI, a new joint venture aimed at…
The National Insurance Commission (NAICOM) has given insurance and reinsurance companies in Nigeria a 12-month deadline to comply with the newly approved Minimum Capital Requirements (MCR) under the Nigeria Insurance…
Nigeria’s telecom operators are facing heightened regulatory pressure as the Nigerian Communications Commission (NCC) unveils sweeping reforms to improve service quality, strengthen governance, and enhance consumer protection. The move comes…
Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable exchange rates, early harvest inflows, and softer global commodity prices.…
Google has agreed to pay a $36 million (A$55 million) fine in Australia after admitting to striking anti-competitive deals with major telecom companies, Telstra and Optus. The Australian Competition and…
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has boosted its fleet capacity past 160,000 cubic meters. The milestone was announced…
The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term debt. According to auction results, the Treasury received total bids…
Ghana’s cedi has strengthened in 2025, supported by fiscal discipline and progress in debt restructuring, according to the World Bank’s 9th Ghana Economic Update. The Bank noted that the currency’s…
The Nigerian Exchange (NGX) closed the week ended August 15, 2025, in negative territory as the equities market shed N713 billion in market value. The All-Share Index (ASI) slipped by…
Nigeria’s capital market is experiencing one of its strongest rallies in history, driven by sweeping policy reforms. Market capitalization has surged by nearly 50% in just eight months, while foreign…
President Bola Tinubu has appointed strategic policy analyst, Opeyemi Agbaje, as the Chairman of the National Pension Commission. Mr Agbaje announced his appointment in an update sent to Peoples Gazette…
The Federal Inland Revenue Service (FIRS) says more than 4,000 large taxpayers in Nigeria are yet to complete the onboarding process on the new electronic invoicing (e-invoicing) platform. Mohammed Bawa,…
In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of the FCMB–FMO AgriTech…
Bitcoin soared to a record high of $124,000 early Thursday as investor confidence surged around President Donald Trump’s pro-cryptocurrency reforms and expectations of a Federal Reserve interest rate cut in…
A cyber attack on the Nigeria Customs Service’s (NCS) Information Communication Technology (ICT) platform caused major disruptions to cargo clearance operations at ports nationwide. Licensed Customs agents reported mounting losses…
The Nigerian stock market maintained its bullish streak for the 11th consecutive week, with the All-Share Index (ASI) climbing 4,491.86 points to close at 145,754.91, marking a 3.18% weekly gain.…
The naira is experiencing its most prolonged period of stability this year, trading within a narrow range of ₦1,520 to ₦1,537 per dollar for nearly eight weeks, from mid-June to…
After two years of foreign exchange volatility and soaring finance costs that forced top Nigerian companies to halt shareholder rewards, a dividend revival could be on the horizon. Nigerian Breweries,…
Nigeria’s headline inflation is expected to ease slightly in July 2025, with analysts projecting year-on-year figures between 22.20% and 22.80%, down marginally from June’s 22.22%. Economists say the seasonal harvest…
Major U.S. technology companies are making unprecedented financial commitments to sidestep President Donald Trump’s escalating tariffs on Chinese trade. In the past week, the White House confirmed that chipmakers Nvidia…
Google is confronting a dramatic challenge to its dominance as AI-powered search startup Perplexity has offered $34.5 billion to acquire the Chrome browser, just weeks before a judge is set…
Afri Invoice, Nigeria’s first locally developed e-invoicing platform, has launched a recruitment campaign to fill 150 new marketing roles across seven states, aiming to accelerate the digital transformation of small…
Nigeria’s inflation rate is expected to fall to 21.79% in July, marking the fourth consecutive monthly decline and the lowest level in nearly two years, according to Bismarck Rewane, Managing…
A quarter of Nigerians without bank accounts say mistrust of financial institutions and high service charges are preventing them from joining the formal banking system, according to the World Bank’s…
Alphabet’s Google has announced plans to invest an additional $9 billion over the next two years to expand its artificial intelligence (AI) and cloud computing infrastructure in Oklahoma. The tech…
Global markets paused for breath on Thursday as traders ramped up bets that the U.S. Federal Reserve will cut interest rates next month, pressuring the dollar and boosting bitcoin to…
The Nigerian Labour Congress (NLC) has called on the Federal Government to stop the importation of crude oil for the Dangote Petroleum Refinery and ensure the facility gets its feedstock…
President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by Nigeria’s key revenue-generating agencies to boost public savings, enhance spending efficiency, and channel more funds…
The Nigerian stock market closed lower on Wednesday as widespread profit-taking wiped off N121 billion from investors’ portfolios. The benchmark All-Share Index (ASI) fell by 191.09 points, representing a 0.13%…
The Bank of Ghana (BoG) has announced a comprehensive package of regulatory reforms aimed at strengthening the country’s banking sector. The new framework will address interest rate risk management, credit…