Real Time Financial News Website
Nigeria’s Treasury Bills have witnessed a staggering surge in demand, with the February 4 auction seeing subscriptions jump to about N4.4 trillion—over 400% above the N800 billion offered. The overwhelming…
Nigeria’s state-owned refineries have struggled for decades because successive managers prioritized financing and engineering contracts over the actual running of the plants, according to Bayo Ojulari, CEO of the Nigerian…
The Nigerian Exchange Limited (NGX) recorded a significant uptick in trading activity last week, with a total of 3.86 billion shares valued at N128.58 billion exchanged across 240,463 deals, according…
Nigeria is stepping up efforts to create a more integrated telecommunications market across West Africa, as regulators work to address persistent challenges such as high cross-border roaming charges, uneven regulation,…
The Federal Government (FG) has renewed its focus on strengthening Nigeria’s gas-to-power sector as part of a broader strategy to expand electricity supply, support industrial growth, and reduce energy poverty.…
Dangote Cement Plc is doubling down on its mission to make Africa fully self-sufficient in cement production, a move set to strengthen the continent’s industrial base and cut reliance on…
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement that validates years of financial-sector reforms led by the Central…
The Nigerian stock market recorded its strongest weekly performance in 2026, driven by gains in heavyweight stocks. The NGX All-Share Index climbed 6,357.1 points to close at 171,727.5, representing a…
The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a significant milestone in the country’s…
Investors on the Nigerian Exchange (NGX) enjoyed a profitable week, pocketing approximately N4.08 trillion as share prices continued their upward trend. The All-Share Index (ASI) climbed 3.84 per cent, closing…
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with board consideration for the project now scheduled for March 27,…
LG Electronics is ramping up its push into artificial intelligence–powered home appliances as it seeks to boost sales and defend market share across the Middle East and Africa (MEA), where…
Petrol prices have dropped across parts of the Lagos–Ibadan Expressway as filling stations intensify competition to retain customers, offering lower pump prices despite recent increases in refinery costs. From about…
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to turn the nation’s abundant gas reserves into reliable electricity, industrial growth,…
Reddit is looking beyond its role as a social platform and positioning AI-powered search as its next major growth opportunity. During its fourth-quarter earnings call, CEO Steve Huffman emphasized that…
Google has officially opened applications for the 10th cohort of the Google for Startups Accelerator Africa, inviting ambitious Series A startups across the continent to join its AI-focused programme. Applications…
Artificial intelligence (AI) emerged as the top attraction for global investors in 2025, capturing a record share of venture capital funding. Out of $512.6 billion invested worldwide, AI startups secured…
Nigeria has officially entered the global halal economy race, unveiling its National Halal Economy Strategy in Abuja yesterday. President Bola Tinubu described the initiative as a “signal of Nigeria’s readiness”…
MTN Group has revealed that it is in advanced talks to acquire the remaining stake in IHS Towers that it does not currently own, in a deal valued at approximately…
The Federal Government (FG) of Nigeria has signed a landmark cooperation agreement with the International Finance Corporation (IFC) to accelerate the delivery of bankable infrastructure projects and mobilise private capital…
Nigeria’s telecommunications sector has reached a major milestone, with the country now boasting nearly 200 million active telecom lines, according to the Nigerian Communications Commission (NCC). This development was highlighted…
Kenya is making a bold push to rejuvenate its upstream oil and gas sector in 2026, aiming to attract fresh global investment after years of project delays and company withdrawals.…
The Bank of Ghana (BoG) and the Bank of Rwanda are taking a major step toward enhancing financial integration in Africa by finalizing agreements for a fintech passport framework. Announced…
The Federal Government has launched a detailed review of the National Agricultural Growth Scheme (NAGS) and Agro-Pocket Project following the successful production of 2,536,184 metric tonnes of crops worth N2.31…
A growing trust deficit is threatening the success of Nigeria’s latest tax reform, as citizens increasingly link compliance to tangible improvements in public services. According to a new SBM Intelligence…
A consortium of Nigerian downstream oil marketers has formally petitioned the Federal Competition and Consumer Protection Commission (FCCPC), urging the agency to probe what it calls Dangote Refinery’s anti-competitive pricing…
Nigeria’s business environment faced mounting challenges in January 2026, as rising operational costs and weakening consumer demand slowed economic activity to its lowest level in six months. According to the…
Ghana is exploring ways to secure a more affordable fuel supply from Nigeria, leveraging the country’s growing position as a regional energy hub. Godwin Tameklo, CEO of Ghana’s National Petroleum…
The Nigerian stock market achieved a historic milestone on Thursday as the All-Share Index (NGX-ASI) surged past the 170,000-point mark, signaling unprecedented investor optimism. From a low of 165,370.40 points…
Elon Musk is taking a bold step toward the future of computing by proposing orbital AI data centers. On Friday, SpaceX filed plans with the Federal Communications Commission (FCC) for…