Real Time Financial News Website
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach the Nigeria Cheque Standard and the Cheque Printers’ Accreditation Scheme,…
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of Nigeria’s (CBN) renewed directive allowing Bureau De Change (BDC) operators…
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for its ₦230 billion Series 4 Senior Unsecured Fixed Rate Bonds.…
The Nigerian equities market continued its upward momentum yesterday, recording a significant N283 billion gain, underpinned by strong buy-side support from investors. The All-Share Index (ASI) rose by 441.27 points,…
A record number of U.S. importers are struggling to meet federal financial requirements due to tariffs introduced during former President Donald Trump’s administration. According to U.S. Customs and Border Protection…
Elon Musk is charting a bold new course for his companies SpaceX and xAI with a vision that stretches far beyond Earth. In a statement yesterday, Musk invited potential recruits…
Artificial intelligence (AI) is no longer a distant possibility—it is transforming economies, industries, and the way work is done. Speaking on AriseTV’s Global Business Report, digital transformation coach and futurist…
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine on commercial banks that engage unaccredited cheque printers or personalisers.…
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital budget for 2025, a move that has sparked concerns about…
The Nigerian Exchange (NGX) extended its winning streak on 12 February 2026, closing 441.3 points higher at 178,625.6. This 0.25% increase from the previous session reflects robust investor appetite, with…
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements in 2025, marking the highest annual financing in the bank’s…
Nigeria’s revamped telecommunications policies are paying off, attracting more than $1 billion in private investment, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, revealed on Wednesday. Speaking…
The Federal Government of Nigeria is stepping up its trade and investment agenda after a remarkable rebound in 2025, with capital inflows hitting $21 billion. The Ministry of Industry, Trade,…
The Nigerian-American Chamber of Commerce (NACC) is set to host its 2026 Annual Breakfast Roundtable in Lagos, targeting strategies for economic stability, inflation control, and fiscal sustainability. Scheduled for 17…
Asian stock markets fell on Friday, tracking losses in the U.S. as investor anxiety over artificial intelligence (AI) disruptions intensified. The S&P 500 had already fallen for a third consecutive…
Nigeria may be on the verge of easing its high interest rates as improved foreign exchange (FX) liquidity strengthens investor confidence and stabilizes local markets, according to Quest Merchant Bank.…
The Central Bank of Nigeria (CBN) has announced recalibrated guidelines for licensed Bureau De Change (BDC) operators, signaling a new phase in the nation’s foreign exchange (FX) market. Under the…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a remarkable N60.5 trillion in total revenue for 2025, remitting N14.706 trillion in statutory payments to the Federal Government, according…
The World Bank has applauded the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation, calling it a crucial step to strengthen financial system stability and position banks to fuel…
The Securities and Exchange Commission (SEC) has announced plans to collaborate with the National Orientation Agency (NOA) in a renewed effort to combat the rising wave of illegal investment schemes…
Fears of widespread electricity disruptions are mounting across Nigeria following the announcement of scheduled maintenance at a major gas facility operated by Seplat Energy. The Nigerian Independent System Operator (NISO)…
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting Countries, extending its streak of underperformance to six consecutive months.…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a power dip warning following the planned shutdown of a major gas facility operated by its joint venture partner, Seplat…
Nigeria has officially introduced a 15 percent Minimum Effective Tax Rate (ETR) for large domestic companies and multinational enterprises, marking a significant shift in the country’s corporate tax landscape. Under…
The Nigerian equities market maintained its bullish momentum on 11th February 2026, as the All-Share Index (ASI) rose 0.78% to close at 178,184.3 points. This marks an eighth consecutive day…
The shares of the Nigerian Exchange Group (NGX) soared to N100 last Friday, marking a remarkable 43% year-to-date rally that outpaced the broader market and all key benchmarks. This surge…
Nigeria Revenue Service (NRS) has unveiled an ambitious revenue target of N40.711 trillion for 2026, marking a 44% increase from the N28.289 trillion collected in 2025. The projection reflects the…
Africa’s energy sector could reach new heights if countries across the continent work together, according to Felix Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). Speaking…
Elon Musk’s vision of artificial intelligence in space is no longer science fiction. From his frequent nods to Iain Banks’ futuristic novels to plans for solar-powered orbital data centers, Musk…
Sophos, a global leader in cybersecurity solutions, has announced the acquisition of UK-based Arco Cyber, a company focused on helping organizations improve their security posture while staying ahead of compliance…