Real Time Financial News Website
Nigeria’s fintech ecosystem is split down the middle on how supportive the country’s regulatory framework really is, according to the CBN Fintech Report 2025 released on Monday. The survey found…
European stocks opened higher on Tuesday as global markets showed signs of calm following a brief but historic sell-off that rattled cryptocurrencies and precious metals late last week. Investors appeared…
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian engineers, contractors, and service providers can deliver complex energy developments to global standards, TotalEnergies has…
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in Nigeria’s official foreign exchange market and signalling renewed stability in the…
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on January 29, 2026, citing concerns over sovereign loan classifications and…
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and Offloading (FPSO) facility is temporarily halted for scheduled maintenance, cutting output by 225,000…
In the fast-moving corridors of the Nigerian Exchange Limited (NGX), power in 2025 was anything but evenly spread. Ten brokerage firms quietly but firmly controlled the flow of capital, executing…
Economic activity returned to life at the Onitsha Main Market on Monday as traders reopened their shops, effectively weakening the long-observed Monday sit-at-home in Anambra State. The development follows a…
Nigeria’s financial system faced intense liquidity pressure in January as the Central Bank of Nigeria (CBN) continued its aggressive monetary tightening. Despite a slight improvement from December, average system liquidity…
The Nigerian Communications Commission (NCC) has revealed significant progress in the nation’s telecoms sector, with the Q4 2025 Network Performance Report showing steady improvements in network quality across the country.…
Nvidia CEO Jensen Huang has dismissed reports suggesting tension between his company and OpenAI, calling them “nonsense.” The comments follow a Wall Street Journal article claiming Nvidia might scale back…
Africa’s push to adopt artificial intelligence (AI) risks falling short if governments continue to focus solely on technology acquisition, a leading AI expert has warned. Adeoye Abodunrin, an Africa-focused AI…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, signaling a bold push to strengthen Nigeria’s energy security and drive industrialisation. The…
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine months ending September 30, 2025, marking a 21.1% rise from N828.6 billion…
Global financial markets opened the week on a turbulent note as stocks, oil, and precious metals plunged, extending the volatility that shook investors at the end of last week. Concerns…
Bitcoin tumbled below the key $84,000 support level, hitting around $82,600, as massive outflows from cryptocurrency exchange-traded funds (ETFs) and tighter dollar liquidity fueled a risk-off mood across digital assets.…
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, marking a major milestone for the country’s financial system. The European Commission cited…
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital Territory (FCT) to support infrastructure development and security operations. According to…
European stocks opened the week on a sour note, as investors reacted to volatility in precious metals and growing concerns about artificial intelligence. The pan-European Stoxx 600 index fell 0.7%…
UAC Nigeria PLC (UACN) has unveiled its 2025 financial results, revealing a mixed performance that caught many investors’ attention. Profit before tax plunged by 71%, while earnings per share (EPS)…
The Nigerian Exchange Limited (NGX) All-Share Index slipped 0.09% last week, closing at 165,370.40 points. Despite the slight drop in the index, overall market capitalization rose 0.18% to N106.153 trillion,…
The United States and Nigeria have officially launched the US-Nigeria Commercial and Investment Partnership (CIP), a five-year initiative designed to strengthen trade ties, attract investment, and foster private-sector growth. The…
Nigeria’s crude oil exports are set to decline by about 225,000 barrels per day this February due to the planned shutdown of the Bonga Floating Production, Storage, and Offloading (FPSO)…
The Nigerian Exchange (NGX) ended the week on a subdued note as sustained selling pressure in banking stocks outweighed gains across other sectors. The NGX All-Share Index (ASI) fell by…
Nigeria’s external reserves recorded a modest rebound in January, rising by $66 million as stronger oil prices and renewed foreign inflows provided support to the country’s foreign exchange position. The…
VDL Technologies has unveiled plans to expand its operations across Africa and Europe as it looks to scale beyond Nigeria’s challenging economic climate. The Lagos-based digital solutions company said its…
Nigeria is hosting senior World Bank officials this week as part of renewed efforts to accelerate economic growth, attract investment, and create jobs across the country. World Bank Managing Director…
The Central Bank of Nigeria (CBN) is set to release a landmark fintech survey report on Monday, February 2, offering rare insight into how the apex bank now views and…