Real Time Financial News Website
Nigeria’s 2026 budget cycle is shaping up to be one of the most ambitious in recent years, as proposed spending by state governments surged to about N36.98 trillion, representing a…
The Nigerian equities market extended its bullish run on Thursday, adding N1.27 trillion in value as renewed buying interest swept across key sectors of the market. The rally marked the…
Dangote Petroleum Refinery has warned that continued dependence on coastal logistics for fuel distribution could drive petrol pump prices as high as ₦1,000 per litre if the added costs are…
Nigeria’s Treasury Bills (NTB) market saw an extraordinary surge in investor appetite at the latest primary market auction, with total subscriptions soaring to ₦4.59 trillion—almost four times the ₦1.15 trillion…
Nigeria is making significant strides in reducing its dependence on imported petroleum products, thanks to sweeping reforms in the downstream oil sector. Speaking at the 2026 Nigerian International Energy Summit…
Sahara Group has once again underscored its dedication to Africa’s energy future at the 2026 Nigeria International Energy Summit (NIES) in Abuja, joining policymakers, regulators, operators, and global partners to…
Experts in information technology have underscored that cybersecurity is vital for Nigeria’s economic growth and digital development, warning that inadequate digital protection could leave the country lagging in the global…
The Federal Government of Nigeria has taken a major step to accelerate infrastructure development by signing a landmark cooperation agreement with the International Finance Corporation (IFC), part of the World…
Nigeria’s economy maintained a strong growth trajectory in January 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) rising to 55.7 points. This marks the fourteenth…
Nigeria’s Federal Government, states, and Local Government Areas (LGAs) received a total of N7.73 trillion in VAT allocations in 2025, up from N6.11 trillion in 2024—a 26.46% increase year-on-year. The…
The Central Bank of Nigeria (CBN) has announced that it will issue an implementation roadmap for Open Banking within the next three months, marking a major step toward bridging technical…
European stocks opened lower on Thursday as investors digested a fresh wave of corporate earnings and macroeconomic updates. The pan-European Stoxx 600 hovered just below the flatline, while the UK’s…
Aradel Holdings has announced a record-breaking profit of N401 billion for 2025, marking a 54.9% increase from the previous year. The surge comes after the company strategically acquired an additional…
Net foreign exchange inflow into Nigeria fell sharply by 18.3% year-on-year (YoY) to $48.1 billion in the nine months ended September 2025, down from $58.8 billion in the same period…
Nigeria’s transition to renewable energy is gaining momentum, but experts warn that the country’s clean energy ambitions could be at risk due to rising cyber threats. Speaking at an international…
For the first time in seven decades, Nigerian indigenous oil companies have overtaken international giants in national oil production, now contributing over 50% of the country’s output. This historic milestone…
Nigeria’s telecommunications sector continues to grow at a remarkable pace, with active telephone users reaching 179.64 million by the end of December 2025, according to the latest figures from the…
Nigeria’s private sector started 2026 on a cautious note, with the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) showing a decline in business activity. The headline PMI slipped…
Nigerian stocks surged on Wednesday, posting the strongest single-day gains in recent weeks, as investors reacted positively to a renewed commitment from both the Nigerian Police Force and capital market…
Nigeria’s naira recorded a modest appreciation in mid-week trading, closing at N1,359 per US dollar at the official foreign exchange market on Wednesday. This marks a steady improvement from N1,367/$…
The U.S. dollar regained some footing in early Asian trading on Thursday as investors positioned ahead of closely watched interest rate decisions from the European Central Bank (ECB) and the…
Nigeria’s telecommunications sector recorded significant growth in 2025, with about 10.3 million telephone users connected and reconnected, bringing the total number of active lines to 179.6 million by year-end. The…
Nigeria’s foreign exchange environment is showing signs of a sustained recovery as reforms by the Central Bank of Nigeria (CBN) converge with rising global oil prices to strengthen the naira,…
Nigeria’s long-troubled state-owned refineries may be heading for a fresh start as the Nigerian National Petroleum Company Limited (NNPC) opens discussions with foreign investors, including a major Chinese petrochemical firm,…
International Breweries Plc has completed a strong financial comeback, reporting a profit before tax of N85.1 billion for the 2025 financial year, a sharp reversal from the N111.8 billion loss…
Nigeria’s pension industry recorded one of its strongest performances in 2025, with assets under management rising by about ₦4.5 trillion to close the year at ₦27.45 trillion, largely driven by…
Africa is set for a major boost in oil and gas investment as the newly established African Energy Bank (AEB) prepares to mobilise $10bn in funding, with Nigeria, Angola and…
The Nigerian government has announced ambitious plans to attract $100 billion in annual private investments into the agribusiness sector, highlighting the industry as a central driver of economic diversification and…
United Bank for Africa (UBA) has named Loknath Mishra as the new Chief Executive Officer of its United Kingdom subsidiary, UBA UK. The appointment, effective February 2, 2026, reflects the…
Santander’s stock fell sharply on Wednesday, down nearly 4%, after the Spanish banking giant revealed plans to acquire U.S. regional lender Webster Bank for $12.2 billion. The move comes as…