Real Time Financial News Website
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even as millions of consumers continued to grapple with erratic power supply, estimated billing, and frequent…
Global financial markets were shaken on Monday as escalating tensions between the United States, Israel and Iran sent crude oil prices soaring past $120 per barrel. The intensifying conflict has…
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026, supported by a rise in crude oil and condensate production to 1.64 million…
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions involving the United States, Israel, and Iran continue to disrupt global supply chains.…
Nigeria is rapidly emerging as a prime destination for global investors, with the country’s strategic push toward becoming a $1 trillion economy by 2030 capturing international attention. During a high-level…
The Nigerian stock market ended the first trading week of March 2026 in positive territory, with the All-Share Index rising 4,141.37 points to 196,968.15, marking a 2.15% gain for the…
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a remarkable 9.43% gain. Investors were particularly drawn to Aradel Holdings…
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices created an arbitrage opportunity for traders, according to a Reuters report. The…
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote Petroleum Refinery through third-party international traders. The move aims to sustain domestic refining…
The U.S. faces a pivotal moment in the governance of artificial intelligence as lawmakers remain slow to act. The Pro-Human Declaration, a newly published framework signed by hundreds of experts,…
Africa’s digital financial ecosystem is facing a new wave of threats as artificial intelligence increasingly powers biometric fraud. According to the “2026 Digital Identity Fraud in Africa Report” by Lagos-based…
The Federal Government has assured Nigerians that the 570-megawatt Alaoji Power Plant will be completed by the third quarter of 2027. Engr. Jennifer Adighije, Managing Director and CEO of the…
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction scheduled for March 11, 2026, marking the apex bank’s second major…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81 trillion by December, according to the Retirement Benefits Authority (RBA). This represents an…
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) climbing to 56.4 points. This marks the fifteenth consecutive month of…
Ghana’s recent Treasury bill auction has once again exceeded expectations, signaling strong investor confidence in government securities. The Bank of Ghana reported that the government raised GH¢458 million above its…
Domestic investors have been the major force behind Nigeria’s ongoing bank recapitalisation programme, contributing approximately 72% of the total funds raised so far. According to the Central Bank of Nigeria…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent fluctuations in fuel pump prices are a direct outcome of market forces, reflecting the operations of…
The Group of Seven (G7) finance ministers are set to discuss a coordinated release of emergency oil reserves in a move aimed at stabilizing global oil markets. The talks, expected…
As the war between the United States, Israel, and Iran intensifies thousands of kilometres away, Nigeria is already feeling the economic tremors. Once seen as a potential boon for Nigeria’s…
Iraq’s oil production has taken a severe hit, dropping by roughly 70% after exports through the strategic Strait of Hormuz were disrupted amid ongoing conflict in the Middle East. According…
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to N126.43 trillion, according to the latest report from the Nigerian Exchange Limited (NGX).…
The Nigerian Exchange Group (NGX), in collaboration with the Central Securities Clearing System (CSCS) and Women in Management, Business and Public Service (WIMBIZ), will celebrate International Women’s Day 2026 with…
European stock markets are expected to open sharply lower on Monday as escalating tensions in the Middle East push global oil prices higher and shake investor confidence. Market analysts say…
Nigeria’s pension industry recorded a strong start to 2026 as total pension assets rose by N580 billion in January, highlighting growing confidence in the country’s retirement savings system. The increase…
Champion Breweries Plc has announced that it has successfully met the minimum free float requirement for companies listed on the Main Board of the Nigerian Exchange Limited. The development marks…
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent non-performance across the value chain. The Federal Government is confronting an estimated ₦6.5 trillion subsidy-related debt…
Amazon Web Services (AWS) has officially entered a new phase in healthcare innovation with the launch of Amazon Connect Health, an AI agent-powered platform designed to simplify administrative workflows for…
Nigeria is taking a major step toward becoming a global hub for artificial intelligence as TeKnowledge and Microsoft announce the expansion of their partnership to train 10,000 AI experts. The…
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking concerns over a potential fuel scarcity. As of March 4, 2026, the National…