Real Time Financial News Website
The Nigerian Naira is showing signs of recovery after years of volatility, with the currency trading around N1,340 per US dollar on the parallel market, up from lows beyond N1,600…
M-PESA Ethiopia has broken new ground by teaming up with Gebeya Inc. to launch the Dala AI Bundle, making it the first service in Africa to integrate advanced AI creation…
Anthropic on Wednesday confirmed the acquisition of Vercept, a Seattle-based AI startup known for its cloud-powered computer-use agent, Vy. The move comes after Anthropic’s December acquisition of the coding agent…
The Dangote Petroleum Refinery has entered a landmark offtake agreement with 12 major and independent oil marketers to distribute between 60 and 65 million litres of petrol daily across Nigeria.…
TotalEnergies Marketing Nigeria Plc has revealed plans to inaugurate a five-megawatt (5MW) solar power plant at OML 58, aimed at supplying electricity to the Ubeta Gas Project. The announcement, made…
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive Order 9, emphasizing that the directive is aimed at strengthening fiscal governance rather than…
Shares of German sportswear giant Puma rose nearly 6% on Thursday after the company released its full-year 2025 earnings, reporting a smaller-than-expected loss of $422 million (357.2 million euros). The…
Dangote Petroleum Refinery is taking a bold step to transform Africa’s industrial landscape by moving beyond crude processing into a fully integrated manufacturing hub. The company has announced five major…
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from February 26, 2026, to February 25, 2027. The announcement, made…
Nigerian crude oil has climbed above $70 per barrel, exceeding the Federal Government’s 2026 budget benchmark of $64.85. Latest market data shows Bonny Light trading at around $71, a slight…
FCMB Group Plc is experiencing a notable surge on the Nigerian Exchange (NGX), capturing growing attention from both retail and institutional investors. As of 23 February 2026, FCMB shares trade…
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties in 2026, marking a sharp rise from the N28.23 trillion recorded in…
Nigeria’s Federal Government has secured a $100 million investment from the European Bank for Reconstruction and Development (EBRD) to accelerate Project BRIDGE, the nation’s ambitious fibre-optic expansion programme. The announcement…
The Nigerian Stock Market closed lower on February 25, 2026, with the All-Share Index slipping 0.06% to settle at 194,370.2 points. Tier-one banks were the main drag on the market,…
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing out from over 1,600 high-growth ventures worldwide. The announcement underscores…
Investor sentiment across European markets shifted on Thursday, as attention moved away from global tariff tensions and toward a packed schedule of corporate earnings reports. After a week dominated by…
Champion Breweries Plc has officially completed the acquisition of the Bullet brand portfolio from Sun Mark, marking a major step in its evolution from a regional brewer into a diversified…
With the March 31 recapitalisation deadline fast approaching, pressure is mounting on at least 13 Nigerian banks still working to meet the new capital thresholds set by the Central Bank…
The Nigerian equities market extended its bearish trend on Wednesday as investors continued to take profits from banking and insurance stocks, dragging overall market performance slightly lower. Trading on the…
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it hopes to achieve its ambitious $1 trillion economy target, according…
Sell-offs in key Nigerian stocks including BUA Foods Plc, MTN Nigeria Communications Plc, and Stanbic IBTC Holdings Plc triggered a sharp decline on the Nigerian Exchange (NGX) on Tuesday, erasing…
Investor interest in Federal Government of Nigeria (FGN) bonds surged in February 2026, with total subscriptions hitting N2.70 trillion, reflecting strong appetite even as the Debt Management Office (DMO) reduced…
European markets opened higher on Wednesday as investors welcomed some clarity on global trade, with U.S. tariffs starting at 10% instead of the feared 15%. The pan-European Stoxx 600 rose…
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria (CBN). Governor…
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized. The World Bank has warned that productivity gaps forming before…
Nigeria is ramping up its bilateral partnership with the Republic of Sweden, targeting strategic collaboration in energy, infrastructure, and digital innovation. The Nigerian government aims to turn these sectors into…
The Nigerian government is stepping up efforts to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those living abroad. This move is part of a broader strategy…
West African energy regulators face growing pressure to harmonise refinery standards and investment frameworks as the region prepares for a surge in energy demand over the next two decades. Anibor…
The International Telecommunication Union (ITU) has officially opened applications for its AI for Good Innovation Factory, a global initiative aimed at supporting startups that leverage artificial intelligence to tackle pressing…
The European Union has committed €22 million to support Nigeria’s ambitious fibre-optic expansion under the Federal Government’s Project BRIDGE, a move set to enhance digital connectivity nationwide. The grant, announced…