Real Time Financial News Website
Licensed customs agents have raised alarms over what they describe as the duplication of the National Single Window (NSW) system in both the Nigeria Customs Service Act 35 of 2023…
Foreign capital inflows into Nigeria’s banking sector hit $13.53 billion in 2025, marking a remarkable 93.25% increase from $7.00 billion recorded in 2024. Analysts attribute this surge to banks intensifying…
Kenya’s government is intensifying investment in Technical and Vocational Education and Training (TVET) to cultivate a skilled workforce ready to compete in both national and international labour markets. According to…
ZEN Petroleum Holdings PLC is set to make a major impact on the Ghana Stock Exchange (GSE) after securing a fully subscribed GH¢640 million initial public offering (IPO). The offering,…
The Nigerian stock market is poised for mixed trading in the coming days, with investors increasingly focusing on large-cap, high-liquidity stocks to guide market direction. After last week’s mild decline,…
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1, 5-Year, 19.50% Senior Unsecured Fixed Rate Bond on FMDQ Securities…
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026, signaling renewed pressure on the country’s external buffers. Data from the Central Bank of…
The Nigerian Communications Commission (NCC) has issued a landmark directive requiring Mobile Network Operators (MNOs) to compensate subscribers in areas where network quality falls below the Commission’s prescribed standards. The…
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and dwindling investor confidence threatening a full-blown banking crisis. Once Africa’s largest economy, Nigeria had dropped…
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since the government removed subsidies in 2023, households and businesses now…
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting households already struggling with poverty and food insecurity. Residents in states like Ogun,…
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at N1,380.58 in the official foreign exchange market on Friday. Despite minor daily gains, the…
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million Nigerians by June 2026 under a $750 million intervention backed by the…
The United States sharply reduced its imports of Nigerian crude oil in January 2026, marking a nearly 50% drop compared to December 2025, according to data from the U.S. Census…
European markets started the week on a cautious note, slipping into negative territory on Monday as investors reacted to the escalating conflict involving Iran. Now entering its fifth week, the…
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in investor demand, with over N2.7 trillion poured into one-year securities at its…
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly high, with marketers across Lagos still selling Premium Motor Spirit (PMS) at N1,300…
Ghana’s efforts to take control of the Damang gold mine from Gold Fields and shift it to local ownership are testing more than the mining sector—they are probing state capacity,…
Ukrainian President Volodymyr Zelensky on Thursday urged European countries to take stronger measures against Russia’s so-called “shadow fleet,” calling for legislation to block its ships from European waters and to…
President Bola Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to now include electric vehicles (EVs), signaling a new era for Nigeria’s clean…
Nigeria attracted a total of $6.44 billion in capital inflows during the fourth quarter of 2025, marking a 26.6% year-on-year increase from $5.09 billion in Q4 2024, according to the…
Africa has emerged as the only global region to grow private capital deal activity in 2025, completing 530 transactions—a year-on-year increase of eight per cent. The continent’s resilience stands out…
Debt financing for African startups has surged from less than $300 million in 2021 to $1.2 billion in 2025, marking a significant shift in how startups access capital. Institutional investors…
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo State through its signature Corporate Social Investment programme, ‘Eye Can See’.…
Nigeria’s ongoing power sector reforms are yielding tangible results, attracting $2 billion in fresh investment and cutting government liabilities to N146 billion. The Minister of Power, Adebayo Adelabu, disclosed this…
Netflix is raising its subscription prices again, affecting all tiers of its streaming service. The company confirmed to TechCrunch that its most affordable, ad-supported plan will now cost $8.99 per…
The rollout of 5G across Africa is making headlines, but mobile operators are finding that faster speeds and more affordable devices don’t automatically translate into profits. A recent GSMA Intelligence…
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even as investors poured N2.7 trillion into the market for one-year securities.…
Nigeria is actively repositioning its capital market as a central driver for economic growth and infrastructure development, targeting a staggering $100 billion funding gap. The Securities and Exchange Commission (SEC)…
The Nigerian stock market reached an unprecedented milestone on Wednesday as the All-Share Index (ASI) surged past the 200,000-point mark, closing at a record 200,957.89 points. This growth of 0.27…