Real Time Financial News Website
Dangote Petroleum Refinery has reduced its petrol price by N25 per litre, lowering the ex-depot rate from N799 to N774 per litre in a move seen as a strategic adjustment…
Nigeria must reduce its dependence on borrowing and build a stronger domestic revenue base to secure long-term fiscal stability, the Minister of Finance and Coordinating Minister of the Economy, Wale…
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM), allowing each operator to purchase up…
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited announced plans to deploy 22 additional cargo scanners across the country’s ports before…
Nigeria’s economic growth is facing significant headwinds as weak industrialisation, limited investment, and persistent unemployment continue to challenge the nation’s development, the Senate Committee on Trade, Investment, and Industry and…
Nigeria’s top-grade Bonny Light crude traded at $68.8 per barrel on Tuesday, marking a notable decline amid rising geopolitical tensions between the US and Iran. Analysts say this price drop…
Petroleum marketers in Nigeria have expressed renewed optimism following indications from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) that fuel import permits for petrol and diesel will resume by…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Africa-wide collaboration to drive growth in the oil and gas sector. Speaking at the 2026 AfCFTA Summit in…
African start-ups secured a total of $174 million in funding in January 2026, according to Africa: The Big Deal, a platform tracking the continent’s start-up ecosystem. This figure includes equity,…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the financial system and the 2027 election cycle on Nigeria’s economic…
Nigeria’s National Pension Commission (PenCom) has announced an increase in the allowable equity investment limits for key Retirement Savings Account (RSA) fund categories. The decision, outlined in an addendum released…
January 2026 proved to be a bullish start for the Nigerian stock market, with the Nigerian Exchange (NGX) reporting a 6.27% gain for the month. In its latest broker performance…
London-based startup Tem is tackling one of the modern energy sector’s biggest challenges: rising electricity costs driven by AI data centers. The company has developed an AI-powered electricity transaction engine…
The National Pension Commission (PenCom) has signaled a major boost for Nigeria’s stock market by raising equity investment limits for the country’s N21 trillion pension industry. Analysts say the move…
Dangote Refinery has firmly rejected claims that it imports finished petrol into Nigeria, describing the narrative as false and driven by economic saboteurs. The company confirmed that it only brings…
The Nigerian stock market gained N1.424 trillion in market capitalisation on Monday, bringing the total value of listed equities to N111.659 trillion, the Nigerian Exchange Limited (NGX) reported. This marks…
The Central Bank of Nigeria (CBN) has officially confirmed the full operational deployment of its Scripless Securities Settlement System (S4) as the exclusive platform for primary market auctions of government…
The Nigerian Communications Commission (NCC) has commenced a comprehensive review of Nigeria’s National Telecommunications Policy (NTP) 2000, nearly 26 years after its approval, citing rapid technological change and evolving market…
Dangote Petroleum Refinery has firmly denied reports suggesting it imports finished Premium Motor Spirit (PMS) into Nigeria, describing the claims as misleading and inaccurate. The refinery issued the clarification on…
Investors on the Nigerian Exchange (NGX) recorded a significant windfall last week, pocketing about ₦4.08 trillion as rising share prices pushed the market to fresh highs. The All-Share Index (ASI)…
The U.S. dollar remained under pressure on Tuesday as investors awaited a series of critical economic reports expected to influence the Federal Reserve’s interest rate outlook. Meanwhile, the Japanese yen…
The Nigerian Exchange Limited (NGX) reached a historic milestone this week, with the All-Share Index climbing to 171,727.49 points and total market capitalization hitting N110.23 trillion. This represents a strong…
Nigeria may need as much as $22 billion in new investments to develop critical gas pipeline infrastructure under the Nigerian National Petroleum Company Limited’s (NNPC) Gas Master Plan 2026. The…
Infinix has officially launched its highly anticipated Note 60 Series in Nigeria, immediately exceeding pre-order targets and signaling strong consumer demand in the premium mid-range smartphone segment. The launch, held…
India is rewriting the rules for deep tech startups, aiming to help science- and engineering-driven companies turn ambitious research into commercial products. Sectors such as space, semiconductors, and biotechnology often…
South Africa has taken a significant step forward in satellite connectivity with the launch of Space42’s Thuraya-4 services, marking a milestone in the nation’s digital infrastructure development. The high-profile event,…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for a comprehensive reset of the global economic order to better reflect the realities and priorities…
Nigeria’s fintech sector, one of Africa’s fastest-growing industries, continues to rely heavily on foreign investment, leaving it exposed to global market swings, the Central Bank of Nigeria (CBN) has warned.…
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital projects, spanning eight federal ministries. According to data compiled by BudgIT Nigeria…
Japan’s stock market soared to record levels on Monday as investors reacted to Prime Minister Sanae Takaichi’s landmark election victory. The Nikkei 225 surged past 57,000 for the first time…