Real Time Financial News Website
The United States and China have agreed to extend their tariff truce for another 90 days, averting a steep escalation in trade duties that could have amounted to triple-digit rates…
Ghana’s financial sector recorded substantial growth in 2024, with total assets climbing by 34.6% to GH₵525.59 billion, according to the 2024 Financial Stability Review. This marks a significant jump from…
Elon Musk announced on Monday that his artificial intelligence startup, xAI, will take legal action against Apple, accusing the tech giant of violating antitrust laws through its App Store ranking…
CFG Advisory has called on the Central Bank of Nigeria (CBN) to reduce its benchmark interest rate and immediately begin an inflation-targeting program to stimulate economic growth. Nigeria’s Monetary Policy…
European markets are expected to open the week on a positive note, with futures data indicating modest gains across major indexes. London’s FTSE 100 is projected to open 0.14% higher,…
The Nigerian Communications Commission (NCC) has unveiled new corporate governance guidelines that impose strict post-service restrictions on its top officials. Under the new rules, the Chairman, Executive Vice-Chairman, and Board…
Nigeria’s banking sector is facing mounting liquidity pressure as a surge in cash demand from both government and private players pushes institutions toward their operational limits. Industry sources report that…
Nigeria’s foreign exchange reserves have risen to $40.159 billion as of August 7, 2025, from $37.195 billion a month earlier, according to data from the Central Bank of Nigeria (CBN).…
The World Bank has approved a total of $8.40 billion (N12.89 trillion) in fresh loans to Nigeria between June 2023 and August 2025, covering 15 projects in energy, education, healthcare,…
Petrol prices across parts of Nigeria have surged past ₦900 per litre despite a recent decline in global crude oil prices, sparking public concern and debate. Filling stations owned by…
Asian stock markets gained on Tuesday, with Japan’s Nikkei reaching an all-time high, as the United States and China extended their tariff truce by another 90 days. The move helped…
Global markets started the day on a strong note after the United States and China agreed to extend their tariff truce by another 90 days, giving negotiators more time to…
First Securities Brokers Limited, a subsidiary of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian Exchange (NGX) for July 2025. The firm ranked first in…
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a positive note as the All-Share Index (ASI) inched up by 0.09% to close at 145,880.77 points on…
President Bola Ahmed Tinubu has endorsed significant reforms aimed at improving the welfare of retirees under Nigeria’s Defined Benefit Scheme (DBS), marking a major advancement in the country’s pension landscape.…
Apple experienced its largest weekly stock gain since July 2020, with shares rising 13% after CEO Tim Cook joined President Donald Trump at the White House to announce a $100…
The Artificial Intelligence Generated Content (AIGC) market, valued at $27 billion in 2024, is projected to nearly triple by 2034, reaching an estimated $71.6 billion. This growth is driven by…
European stock markets opened higher on Monday, buoyed by positive sentiment around global trade developments. The pan-European Stoxx 600 index rose by 0.3%, with most sectors showing gains. London’s FTSE…
Dr. Emomotimi Agama, Director-General of Nigeria’s Securities and Exchange Commission (SEC), has been elected Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions…
The Nigerian stock market recorded a notable 3.2% gain in the week, driven by the recent enactment of the Insurance Industry Reform Act, strong second quarter (Q2) corporate earnings, and…
Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories, despite macroeconomic headwinds and tighter financial conditions. According to…
Africa’s fintech industry has demonstrated remarkable resilience in the first half of 2025, attracting significant investment despite a challenging global funding environment. From mobile money operators to API-driven payment platforms,…
Credit enquiries in Ghana surged to 29.5 million in 2024, representing a 114.6% increase from 13.7 million in 2023, according to the Bank of Ghana’s latest Credit Reporting Activity Report.…
Japan is facing mounting political uncertainty as Prime Minister Shigeru Ishiba comes under intense pressure from his own Liberal Democratic Party (LDP) to resign after a series of election defeats.…
Nigeria’s foreign exchange market recorded total inflows of $31.06 billion between January and July 2025, according to FMDQ Securities Exchange data. Domestic sources accounted for the majority, contributing $18.83 billion,…
Ghana’s latest Treasury bill auction closed with a 22.12% undersubscription, breaking a three-week streak of oversubscriptions. The Bank of Ghana (BoG) had aimed to raise GHS 8.58 billion but secured…
U.S. Treasury yields rose on Friday as investors digested the implications of new tariffs and awaited key inflation data. The 2-year note yield gained 3 basis points to 3.764%, the…
Nigeria’s banking sector is facing a growing cybersecurity crisis, with cyber theft risks surging 56% in the first half of 2025, affecting over 152,000 accounts. A report by Surfshark Nigeria…
India’s state-owned refineries have increased their purchases of Nigerian crude oil, even as Nigeria’s $20 billion Dangote Petroleum Refinery leans heavily on US imports to meet its feedstock needs. Industry…
Nigeria’s non-oil exports reached $3.225 billion in the first half of 2025, reflecting a 19.59% increase compared to $2.696 billion recorded in the same period of 2024. The Executive Director/Chief…