Real Time Financial News Website
The Nigerian Exchange (NGX) recorded a significant boost on Tuesday as banking stocks and select industrial equities drove the market capitalization up by ₦340 billion, closing at ₦106.5 trillion. The…
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial year, up from N23.48bn in 2024. The increase was largely…
Transcorp Hotels Plc has announced a strong finish to 2025, posting a full-year pretax profit of N32.8 billion, marking a 45% increase from the previous year. The growth was primarily…
President Bola Ahmed Tinubu has reiterated that there is “no turning back” on Nigeria’s economic reform agenda, even as the World Bank praised the country for its consistent and credible…
Nigeria is positioning itself as a key driver of Africa’s economic and industrial future by leveraging its abundant gas resources. Bashir Bayo Ojulari, Group CEO of the Nigerian National Petroleum…
President Bola Tinubu has hailed recent reforms in Nigeria’s oil and gas sector as transformative, saying they have ended years of underinvestment and attracted over $8 billion in final investment…
Nigeria’s recent tax reforms are positioning the country as a rising contributor to the global economy, with the International Monetary Fund (IMF) projecting that Nigeria will account for 1.5 per…
Nigeria is positioning itself for stronger economic growth, with the Federal Government targeting a 7% expansion of the nation’s GDP by 2027–2028. Finance Minister and Coordinating Minister of the Economy,…
Nigeria’s mobile internet experience has taken a major leap forward, with average download speeds more than doubling over the past two years, according to recent industry reports. The rapid adoption…
Newly released FBI documents reveal that Jeffrey Epstein, the disgraced financier, explored a business deal to trade Nigerian crude oil in 2010 but feared being defrauded. The emails, part of…
TotalEnergies Marketing Nigeria Plc recorded its first major financial setback in six years in 2025, posting a pre-tax loss of N12.5 billion for the year ended December 31. This marked…
President Bola Tinubu has reaffirmed Nigeria’s commitment to working with African countries, global allies, and the private sector to deliver cleaner, affordable, and more inclusive energy solutions. He said energy…
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of constrained credit extension and a growing preference for low-risk sovereign instruments, according to…
Nigeria recorded a major turnaround in its oil and gas sector in 2025, securing $18.2bn in fresh investments following the approval of 28 new field development plans with an estimated…
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing, a stigma that slowed payments, spiked costs, and scared away…
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to its Board of Directors, signaling a renewed push to leverage private-sector expertise…
Independent petrol marketers in Nigeria have cautioned that motorists may soon face an era of irregular or “epileptic” petrol supply. The National Public Relations Officer of the Independent Petroleum Marketers…
Three key subsidiaries of Dangote Industries Limited—Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc—have expanded their Gas Sales and Purchase Agreements (GSPAs) with Nigerian National Petroleum Company Limited…
SpaceX has officially acquired Elon Musk’s artificial intelligence startup, xAI, in a deal that creates the world’s most valuable private company, the spaceflight firm announced Monday. The merger unites two…
OpenAI has officially launched the Codex Desktop App, a macOS-focused tool aimed at developers and companies seeking a more efficient way to write and manage code. The new desktop version…
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling strong investor confidence in government securities. The Debt Management Office (DMO)…
The Nigerian Exchange Limited (NGX) started 2026 on a high note, adding N6.8 trillion or 6.8% to its market capitalization in January to close at N106.15 trillion. Investor confidence surged,…
Investors on the Nigerian Exchange (NGX) faced a sharp pullback on Wednesday, January 28, 2026, as the market shed 549.4 points to close at 165,164.4. This 0.33% decline from the…
Asia-Pacific markets jumped on Tuesday as investor optimism returned, fueled by a fresh U.S.-India trade deal and strong Wall Street performance. Japan’s Nikkei 225 soared 3.92% to close at a…
On Lagos’ bustling Custom Street, one name has been on every investor’s lips this week: First HoldCo. Once seen as an untouchable financial giant, the company’s shares recently hit a…
Google has teamed up with leading African research institutions to launch WAXAL, a large-scale open speech dataset aimed at expanding access to artificial intelligence (AI) for over 100 million people…
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion to the Federation Account Allocation Committee (FAAC), far short of…
Local oil refiners in Nigeria continue to grapple with persistent crude shortages, even as the country exported an estimated 306 million barrels of crude oil between January and October 2025,…
Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that local companies currently do not have the capacity to undertake offshore exploration, a sector dominated by foreign firms…
Regulatory inconsistencies across African countries are threatening to scare off energy investors, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has warned. Speaking at the…