Real Time Financial News Website
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres compared to May’s 1.77 billion litres, according to the Nigerian Midstream and Downstream Petroleum…
Nigeria’s National Single Window (NSW) is set to become fully operational in March 2026, following a strategic collaboration between the Federal Inland Revenue Service (FIRS), the Nigerian Customs Service (NCS),…
Nigeria’s FMDQ Group, owner of the country’s leading fixed income securities exchange, has confirmed plans to launch its own equity market, setting the stage for direct competition with the Nigerian…
Nigeria’s consumption of Premium Motor Spirit (PMS), commonly known as petrol, fell sharply in June 2025, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The authority reported…
Ghana is taking a major step to reduce its $2 billion annual palm oil import bill with the introduction of a new agricultural initiative, the “RedGold” oil palm programme. The…
Nigeria’s largest listed companies are facing a costly paradox: they are paying sharply higher interest on loans even as they reduce their overall debt. A combination of persistent high inflation,…
Nigeria’s reliance on imported fuel surged to 69% in June 2025, according to the latest report from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The report, presented to…
First Securities Brokers Limited has emerged as the top-performing brokerage on the Nigerian Exchange (NGX) for July, leading in both trading volume and transaction value. The firm, part of First…
U.S. consumer prices rose less than expected in July, easing fears of a sharp inflation spike from recent tariff hikes. The Consumer Price Index (CPI) increased 0.2% for the month…
Nigeria’s inflation rate is expected to ease further in July, driven by the start of the harvest season and stable exchange rates, according to analysts at Financial Derivatives Company (FDC).…
Global ex-U.S. equity funds recorded their largest inflows in more than four-and-a-half years in July, as investors sought higher growth potential and better valuations outside the United States. According to…
Global equity markets surged to record levels on Wednesday, buoyed by softer-than-expected U.S. inflation data and growing confidence in a potential Federal Reserve interest rate cut next month. The MSCI…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stressed that stronger public-private partnerships (PPPs) are essential to unlocking the vast opportunities in Nigeria’s non-interest finance…
The Nigerian Communications Commission (NCC) has rolled out its 2025 Guidelines on Corporate Governance, introducing stricter compliance requirements and tougher enforcement measures to strengthen transparency and accountability in the country’s…
The Nigerian stock market closed in positive territory on Tuesday, August 12, 2025, as gains in insurance and industrial stocks outweighed profit-taking in the banking, consumer goods, and oil &…
Nigeria’s foreign exchange reserves have climbed to their highest level since January, reaching $40.29 billion as of August 8, 2025, according to fresh data from the Central Bank of Nigeria…
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N850 to N820 per litre. The N30 price cut, effective from…
The African Development Bank (AfDB) has thrown its weight behind a new artificial intelligence (AI) training initiative aimed at accelerating the implementation of Africa’s development vision, Agenda 2063: The Africa…
Africa’s digital workforce is projected to grow to 230 million by 2030, fueled by the rapid adoption of artificial intelligence (AI) across key economic sectors, according to a new Mastercard…
The Nigerian stock market continued its bullish momentum on Tuesday, adding ₦111 billion to investors’ wealth as buying pressure in Julius Berger Plc and 49 other stocks lifted the All-Share…
Ghana’s agriculture sector is poised for a major uplift in 2025 following a joint commitment of GHS 2.9 billion from the government and development partners. The investment, part of the…
First City Monument Bank Ltd. (FCMB) has partnered with the International Finance Corporation (IFC) to roll out the Goldman Sachs 10,000 Women course to promote entrepreneurship. Goldman Sachs 10,000 Women…
Insurance penetration in Ghana remained stagnant at 1.0% in 2024, matching the level recorded in 2023, according to the 2024 Financial Stability Review. When measured by the Insurance Service Revenue…
The Federal Government of Nigeria has disbursed N5.12 billion in pension arrears to 90,689 beneficiaries under the Defined Benefit Scheme (DBS), according to the Pension Transitional Arrangement Directorate (PTAD). The…
Nigeria’s non-oil exports rose by 19.6% to $3.225 billion in the first half of 2025, compared to $2.7 billion during the same period in 2024. This growth comes amid challenges…
Pension fund investments in Real Estate Investment Trusts (REITs) surged dramatically by 417.8% to N77.8 billion in the first half of 2025, compared to N15.028 billion in the same period…
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), generated N5.21 trillion from crude oil, gas sales, and related activities in the first half of 2025.…
Petroleum marketers across Nigeria are intensifying negotiations with Dangote Petroleum Refinery Ltd. ahead of its planned August 15 rollout of direct petrol supply to the domestic market. Both major and…
The Chinese yuan weakened to 7.1405 against the US dollar on Monday, marking a 23-pip drop from the previous trading session. The move comes as the China Foreign Exchange Trade…
The National Bureau of Statistics (NBS) has reported that Nigeria attracted $5.64 billion in capital inflows in Q1 2025, marking the highest quarterly figure in 20 quarters and the largest…