Real Time Financial News Website
The Nigerian naira experienced a mixed performance last week, with marginal gains in the official market but losses in the parallel market. At the National Foreign Exchange Market (NFEM), the…
Truecaller, the global caller identification and spam-blocking platform, has surpassed 100 million monthly active users in the Middle East and Africa (MEA) region, with Nigeria, Egypt, and South Africa leading…
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million from $421.88 million in the previous quarter, according to the…
U.S.-based video platform and cloud services provider Rumble is exploring a potential $1.17 billion (€1 billion) acquisition of German artificial intelligence cloud group Northern Data. The proposed deal, confirmed by…
Global investors are turning cautious on corporate credit markets, warning that current pricing levels are far too optimistic given slowing economic data. Credit spreads — the extra interest corporations pay…
Bank customers across Nigeria are voicing strong dissatisfaction over what they describe as excessive and frequent debit alerts on their accounts, calling on the Central Bank of Nigeria (CBN), the…
The Nigeria Sovereign Investment Authority (NSIA) has achieved a major milestone in Nigeria’s agricultural sector, increasing the number of operational fertiliser blending plants from just four in 2016 to 92…
Employees of the Nigerian Exchange Group (NGX Group) have embarked on a volunteer-driven mission to combat child malnutrition in underserved Lagos communities. Through Project BLOOM—short for Bringing Life to Our…
The bill—introduced in September 2024—has advanced through both Houses of Parliament. It cleared the House of Lords on 21 July 2025, and returns to the Commons on 8 September, with…
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25% tariff already applied to India’s imports and potential similar measures expected against China.…
Global stock markets nudged higher on Friday as investors grew optimistic about potential interest rate cuts by the U.S. Federal Reserve, following recent leadership changes and dovish signals from policymakers.…
The Nigerian Exchange (NGX) has been one of Africa’s top-performing stock markets in 2025, with its All-Share Index rising by 37.25% year-to-date as of August 1. This strong rally has…
India and Brazil are strengthening their bilateral economic cooperation in response to recent aggressive tariff measures imposed by the United States under President Donald Trump. Indian Prime Minister Narendra Modi…
The Federal Government of Nigeria is taking proactive measures to strengthen the country’s local energy supply chain amid increasing global uncertainties that threaten cross-border energy operations. Speaking at the 2025…
President Donald Trump’s sweeping new tariffs officially began yesterday, marking the most significant U.S. increase in import taxes since the Great Depression. The baseline tariff rate now stands at 10%,…
Nigeria’s pension industry demonstrated resilience in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories despite challenging macroeconomic conditions. Data from Nairametrics Research showed all 18…
The Abuja Investment Company Limited (AICL) has announced that over 500 high-level participants from 40 countries are expected to attend the 2025 Abuja Business Investment Expo. Scheduled for October 22…
The Nigerian equities market sustained a remarkable 26-day bullish run, adding N479 billion to its total value, fueled notably by reforms in the insurance industry. The NGX Insurance sector led…
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal Government’s handling of state-owned refineries, asserting that privatizing these assets, particularly selling them to…
President Donald Trump has directed U.S. regulators to explore changes that would allow Americans to use retirement accounts like 401(k)s to invest in cryptocurrencies, private equity, real estate, gold, and…
In a shift from recent trends, the yield on Nigeria’s one-year treasury bills rose to 19.76% at the latest primary market auction held on Wednesday, August 7, 2025. This marks…
Asia-Pacific stock markets closed mostly higher on Thursday after U.S. President Donald Trump vowed to impose a 100% tariff on imported semiconductors and chips. In a move aimed at bolstering…
In 2024, Nigeria’s banking sector saw an unprecedented influx of $7 billion from foreign investors, marking the highest capital inflow in five years. However, experts caution that most of this…
The Nigerian Communications Commission (NCC) has sounded an alarm over the widespread sabotage of telecommunications infrastructure across Nigeria, reporting over 1,000 fiber optic cable cuts weekly alongside numerous thefts and…
The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing the country’s heavy reliance on imported goods by strengthening its domestic manufacturing sector. The…
OpenAI has unveiled its newest artificial intelligence model, GPT-5, marking a significant milestone in the evolution of its ChatGPT platform. The model is now powering the popular chatbot, serving over…
The Nigerian Stock Exchange (NGX) witnessed a significant rally on Thursday, August 7, 2025, as the market capitalization rose by N479 billion, fueled largely by gains in the insurance and…
The Central Bank of Nigeria (CBN) has announced its intention to pursue legal action against entities found to have violated foreign exchange (FX) forward contract rules. This follows the completion…
The Nigerian Exchange Limited (NGX) is witnessing an extraordinary bull run in 2025, as 35 listed companies have posted returns between 100% and 529%, pushing the total market capitalisation close…
Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking what will become the largest data centre in the country. The facility is set to…