Real Time Financial News Website
Nigeria’s capital importation surged to $21 billion within the first ten months of 2025, marking a 75% increase from the $12 billion recorded in the same period last year. The…
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to make ends meet. A new Risevest Cost of Living Report…
Tony Elumelu, Founder and Group Chairman of Heirs Holdings, has called on African governments to strengthen collaboration with the private sector to transform rural economies and unlock the potential of…
Investors on the Nigerian Exchange Limited (NGX) pocketed a remarkable N4.14 trillion in just three trading days this week, pushing the market’s capitalization to a record N114.38 trillion by Wednesday’s…
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10 months of 2025. This marks a sharp increase from about $12 billion in 2024…
Nigeria’s crude oil production rose to 1.459 million barrels per day (bpd) in January 2026, reinforcing its position as Africa’s top oil producer despite falling short of its OPEC-assigned quota…
Modal Labs, the AI inference startup known for optimizing how AI models generate responses, is reportedly in early discussions with venture capitalists for a new funding round at a valuation…
Dangote Petroleum Refinery and Petrochemicals has taken delivery of approximately 250,000 metric tonnes of crude oil and intermediate feedstocks at its Lekki terminal this week, according to shipping data from…
European stocks are expected to open higher on Thursday, as investors prepare for a fresh round of corporate earnings that could shape market sentiment for the week. The upbeat outlook…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised that shared gas infrastructure in Africa is vital to unlocking the continent’s industrial potential and securing its energy future. Speaking…
The Dangote Petroleum Refinery has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a historic milestone for Africa’s largest oil refining facility. The development follows…
The Executive Chairman of the Nigerian Revenue Service (NRS), Zacch Adedeji, has declared that technology will determine the success of Nigeria’s newly enacted tax laws, describing digital infrastructure as the…
As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents a pivotal step in asserting Africa’s position on global financial…
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by strong investor demand for Dangote Cement Plc and 58 other…
Somalia’s National Communications Authority (NCA) and Türkiye’s Information Technologies and Communications Authority (BTK) have taken a significant step to deepen cooperation in the digital space. On February 11, 2026, both…
In a major move for regulated industries, ZeroDrift has officially launched its AI-driven compliance platform, unveiling a $2 million pre-seed funding round led by a16z Speedrun. The startup aims to…
The Federal Government of Nigeria has announced plans to implement a comprehensive cybersecurity framework this year aimed at tackling the surge in AI-driven cyberattacks targeting banks, businesses, and government agencies.…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and gas licensing round, highlighting reforms under the Petroleum Industry Act…
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target of N25.2 trillion. The achievement was revealed by Amina Ado…
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its second annual conference in Abuja, emphasizing the need for delivery-driven…
BUA Foods Plc has appointed Mr. Isyaku Abdulsamad “Khalifa” Rabiu as Chief Officer, Global Procurement and Strategic Operations, effective January 29, 2026. The appointment is part of the company’s strategy…
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating expenses squeezed underwriters’ earnings. According to an analysis of 17…
Elon Musk is turning his attention skyward—literally. At a recent all-hands meeting with xAI employees, Musk outlined a bold vision: building a manufacturing facility on the moon that produces AI…
The Nigerian naira strengthened to N1,349.5 per US dollar on Tuesday, marking the first time it traded below the N1,350/$ threshold since May 29, 2024. Data from the official foreign…
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a means of building wealth, securing retirement, and contributing to national…
Crude oil prices surged toward $70 per barrel this week, climbing from $67 last week, as escalating tensions between the United States and Iran sparked fears of potential supply disruptions.…
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit (PMS) by N25 per litre. The new ex-depot rate is…
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion outpaced imports totaling $33.23 billion, according to the Central Bank…
Asia-Pacific markets traded mostly higher on Wednesday as investors focused on economic developments in China, shrugging off weaker-than-expected U.S. retail sales. The positive momentum in the region comes amid broader…
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the opportunities and risks for workers in developing countries. While online platforms are…