Real Time Financial News Website
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the economy, including power, mining and industrial manufacturing. The Federal Ministry…
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Zichis Agro-Allied Industries Plc following an extraordinary 772% surge in the company’s stock price within one month of…
Global investment banking giant Goldman Sachs has revised its oil price outlook upward, projecting that Brent crude will average $60 per barrel in the fourth quarter of 2026. The new…
Nigeria’s Federal Government is making a major push to attract up to $5.7 billion in new Chinese investments to strengthen critical sectors of the economy. The proposed capital inflow, described…
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its policyholders in January alone. The payout underscores the company’s financial…
Ellah Lakes Plc has announced it will refund all investors following the unsuccessful conclusion of its N235 billion public offer. The company confirmed in a statement on February 20, 2026,…
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has officially launched a $50 million Impact Innovation Fund aimed at supporting startups tackling pressing social…
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are signaling the start of a cautious easing cycle. The move comes…
LG Electronics is bringing the future into homes across the Middle East and Africa with its latest artificial intelligence-powered smart home solutions. The company unveiled its innovations at InnoFest 2026…
Nvidia is stepping up its involvement in India’s burgeoning artificial intelligence scene by reaching out to startups at the earliest stages of development. The chipmaker this week unveiled partnerships aimed…
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic Product (GDP) climbing to 33%. Total market capitalization more than doubled, rising from about…
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP) to industrial financing, marking one of the most ambitious moves…
Bitcoin fell sharply in early Asian trading on Monday, sliding toward $64,000 as uncertainty over United States tariff policy rattled global markets. The selloff dragged down major cryptocurrencies, with Ether…
Equity investors on the Nigerian Exchange (NGX) exchanged 7.66 billion shares worth N252.56 billion in 345,118 deals between February 16 and 20, 2026, according to the latest weekly market report.…
Chairman of the Dangote Group, Aliko Dangote, has confirmed that ordinary Nigerians will be able to purchase shares in the Dangote Refinery within the next four to five months. The…
The Nigerian equities market delivered one of its most remarkable performances in recent years, as investors added a staggering N8.14 trillion to total market capitalization in just one week. Data…
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement of new global trade tariffs. The move, which raises blanket tariffs from…
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply cutting down their N6 trillion claim. The decision follows months…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government to sell at least 51 per cent stake in the…
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial development financing, marking one of the most ambitious manufacturing drives…
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused investors increased their stakes in fundamentally strong stocks. The All…
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against an initial offer of N1.15 trillion—a bid-to-offer ratio of 272%.…
South Korea’s Kospi index surged to a fresh record high for the second consecutive day on Friday, fueled by strong gains in semiconductor and defense stocks. SK Hynix, one of…
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and local governments potentially gaining an additional N14.57tn. The order mandates…
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the benchmark Monetary Policy Rate (MPR) or maintain the current 27.0%.…
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation could expose developing economies to financial instability and currency risks.…
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen short of the Federal Government’s 2025 targets, highlighting significant gaps…
LG Electronics has taken a major step in redefining modern living with the launch of its AI smart home solutions, unveiled at InnoFest 2026 in Abu Dhabi and Mega HORECA…
African women entrepreneurs are being given a golden opportunity to grow their startups with the launch of the AI Ventures Accelerator, a program offering $10,000 in equity-free seed funding to…
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful regulation, the trend could lead to currency substitution and heightened…