Real Time Financial News Website
European stocks struggled to find clear direction on Tuesday as uncertainty surrounding the Iran conflict weighed heavily on investor sentiment. The pan-European Stoxx 600 index opened largely flat, reflecting a…
The Nigerian Exchange (NGX) industrial goods sector continues to show strong growth, with five leading companies reporting combined total assets of N9.31 trillion for the financial year ended December 2025.…
Global stock markets staged a strong recovery on March 23, 2026, following U.S. President Donald Trump’s announcement that planned military strikes on Iran had been postponed. S&P 500 futures climbed…
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields across maturities fell to 7.18% from 7.25%. Data from Lagos-based Meristem shows…
The Nigerian stock market is experiencing a “consolidation phase” following a historic rally that pushed the NGX All-Share Index (ASI) above the 200,000-point mark. Investors are now taking profits, causing…
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company Limited (NNPC Ltd) projecting an increase of about 100,000 barrels per day (bpd)…
The Dangote Petroleum Refinery has made a major move to support Africa’s energy needs, exporting 12 cargoes of refined petroleum products totaling 456,000 tonnes to Côte d’Ivoire, Cameroon, Tanzania, Ghana,…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels as it transitions to an inflation-targeting monetary policy framework. The apex bank outlined…
European stock markets staged a strong comeback on Monday after U.S. President Donald Trump hinted at a potential de-escalation in tensions with Iran, calming investor nerves following days of uncertainty.…
The cost of cooking gas in Nigeria is climbing again, raising fresh concerns for households already dealing with rising living expenses. Industry marketers have warned that the recent price adjustment…
The Federal Government has intensified its push for climate-smart agriculture by calling on local and international investors to partner with Nigeria in transforming its food production systems. The move comes…
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its petrol, diesel, and jet fuel from its 650,000-barrel-per-day facility in Lekki, Lagos State. Sources…
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional participation in Nigeria’s financial markets. The performance was highlighted in…
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum products, totaling 456,000 tonnes, to countries including Ghana, Togo, Côte d’Ivoire, Cameroon,…
Nigeria’s headline inflation dipped slightly to 15.06% year-on-year in February 2026, down from 15.10% in January, offering a glimmer of relief for policymakers and businesses. The Centre for the Promotion…
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX), highlighting the dominance of key blue-chip companies in Nigeria’s capital…
Analysts at Afrinvest West Africa have cautioned that Nigeria’s recent progress in taming inflation could be undone, projecting that headline inflation may rise to around 16% in the near term.…
Elon Musk has unveiled plans for a groundbreaking chip manufacturing initiative that will serve both Tesla and SpaceX. Speaking at an event in downtown Austin, Texas, Musk revealed a photo…
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a major shift toward domestic refining and export-driven growth. The latest Balance…
In 2025, Nigerian farmers tapped into agricultural credit schemes totaling N3.4 trillion, the federal government has revealed, as part of ongoing efforts to boost food production and strengthen the country’s…
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing investors with sophisticated tools to manage risk, speculate on market trends, and navigate market…
The Nigerian equities market is set for a strong week as investors show renewed confidence ahead of key earnings releases and dividend announcements. Analysts attribute the market’s bullish momentum to…
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the past two years, worsening the nation’s already fragile power sector. Billing inefficiencies and weak revenue collection…
Nigeria’s Securities and Exchange Commission (SEC) has set a strict six-week deadline for all capital market operators (CMOs) to submit board-approved recapitalization or license downgrade plans, intensifying its sweeping regulatory…
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024, according to the Central Bank of Nigeria’s Balance of Payments (BOP)…
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling fuel at around N1,333 per litre and some Abuja locations…
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements, setting the stage…
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran intensify, sending shockwaves through global financial systems. Investors are reacting cautiously after Donald…
The Nigerian Exchange Limited (NGX) recorded a remarkable surge in trading activity last week, with investors exchanging 8.761 billion shares valued at N267.253bn in 193,473 deals—despite a shortened three-day trading…
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of refined petroleum products totaling 456,000 tonnes to five countries across the continent. The shipments—destined for…