Real Time Financial News Website
Nigeria’s energy landscape is entering a new era as Dangote Petroleum Refinery & Petrochemicals announces it will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily…
Nigeria is set to expand its crude oil portfolio with the launch of a new light, sweet grade called Cawthorne, scheduled for export in March, the Nigerian National Petroleum Corporation…
Nigerian Breweries Plc, the country’s leading brewing company, celebrated its outstanding trade partners at the 2025 Distributor Awards held at Eko Hotel and Suites, Victoria Island, Lagos. Themed “Unlocking Growth…
India has emerged as the world’s fastest-growing market for generative AI, with app downloads skyrocketing 207% in 2025, according to Sensor Tower. Tech giants such as OpenAI, Google, and Perplexity…
The Nigerian Stock Market ended the week in the red as the All-Share Index (ASI) slipped 1,779 points to close at 194,484.6 on February 24, 2026. This marked the first…
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis points interest rate cut at the conclusion of its 304th…
European markets are set for a stronger start on Wednesday as investor anxiety eased following the implementation of U.S. President Donald Trump’s universal 10% tariff, which came into effect at…
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step toward economic recovery. At the 304th meeting of the Monetary…
Nigeria’s fuel supply landscape is set for a major shift as the Dangote Petroleum Refinery has signed a landmark offtake agreement to distribute between 60 million and 65 million litres…
Nigeria is set to commence exports of a new light, sweet crude grade known as Cawthorne in March, marking another milestone in the country’s push to increase oil production. Nigerian…
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to the Governor of the Central Bank of Nigeria, Dr. Olayemi…
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer collaboration among regulators, stock exchanges, and international partners to channel…
The National Pension Commission (PenCom) has unveiled a revised regulation allowing Pension Fund Administrators (PFAs) to expand equity investments across four Retirement Savings Account (RSA) fund categories. While technical in…
The Nigerian stock market kicked off the week with a strong performance, extending its winning streak to four consecutive trading sessions. Investors saw a combined gain of N805 billion as…
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent gain last year, despite global economic shocks. Experts say sustaining this rally will…
President Bola Tinubu has defended his controversial Executive Order (EO9), which halts revenue deductions previously made by the Nigerian National Petroleum Company Limited (NNPCL) and other agencies. The Presidency insists…
Nigeria’s artificial intelligence (AI) ecosystem is rapidly expanding, now hosting over 120 active startups across sectors like healthtech, fintech, agritech, and language technology. According to the AI Outlook 2026: Shifts,…
The Nigerian Exchange (NGX) continues to showcase the strength of the country’s biggest firms, with the top 10 companies now boasting market capitalisations above N3 trillion. These corporate giants span…
Green projects across Africa are aiming to secure around $3.09 billion in funding as investors prepare to explore a curated pipeline of climate solutions from more than 25 countries at…
Creative platform Canva has made two strategic acquisitions to enhance its capabilities in animation and marketing technology. On Monday, the company announced it had acquired UK-based Cavalry, a startup specializing…
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence and stabilizing the economy, according to Taiwo Oyedele, Chairman of…
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr. Franklin Nechi, Chairman of Optiva Capital Partners. Speaking in Lagos…
The Nigerian naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$, up from N1,348/$ recorded last Friday. The decline comes as market participants position themselves…
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola Tinubu’s executive order requiring oil and gas revenues to be…
Investor confidence is returning to Nigeria’s telecommunications sector following the resolution of a long-standing N300 billion Unstructured Supplementary Service Data (USSD) debt between banks and telecom operators. The debt had…
The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares, following unusually high price movements since the company’s recent listing. The suspension, announced on Monday, comes…
European markets are set to open broadly positive on Tuesday as investors digest the impact of the latest U.S. tariffs. Traders are balancing hopes for steady corporate earnings with concerns…
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) nationwide. Governor Olayemi Cardoso…
The Ondo State Government has taken a major step toward reshaping its economic future with the signing of Memoranda of Understanding (MoUs) for the development of the Ondo Deep Seaport…
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic Product rising from 13 per cent in April 2024 to 33 per cent as…