Real Time Financial News Website
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits, marking a significant step in the country’s ongoing economic reforms.…
The US dollar retreated from multi-month highs this week as investors reacted to rising energy prices and shifting expectations for global interest rates. According to a report by Reuters on…
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward Asia and the Americas, according to the National Bureau of…
Telecommunications companies in Nigeria are positioning for significant gains following the announcement of a $1bn artificial intelligence fund by the United Arab Emirates aimed at strengthening digital infrastructure across Africa.…
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than on rent, education, and other essential needs combined. A new report by…
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating tensions in the Middle East unsettled energy markets and raised fears of supply…
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical import routes, leaving several countries with only weeks of petroleum products in reserve.…
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit their spending power, according to the latest Household Expectations Survey released by the Central…
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves to strengthen the Bank Verification Number (BVN) framework. In response to…
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February 2026, down sharply from 1.62mbpd in January, according to the Nigerian Upstream Petroleum…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its N127 trillion market capitalisation, leaving the remaining 169 listed stocks…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion and a profit before tax of N179.5 billion. The company’s…
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into 2026, according to the latest data from the Central Bank…
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the economy, expanding opportunities, and strengthening social protections. According to the…
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations of a more stable macroeconomic environment, according to the latest…
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even as domestic refineries continued to face persistent feedstock shortages. This surge in imports…
NovaGrad, an artificial intelligence-powered platform from UK-based Prodigy Finance, is transforming how students from Africa and Latin America approach studying abroad. The platform identifies common mistakes in planning applications that…
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions across the country’s financial sector. In a March 10 circular, the regulator directed banks,…
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months in the making. On Thursday, the tech giant announced a partnership…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa and Tin Can Island port complexes. Adegboyega Oyetola, the Minister…
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary policy rate. According to updates sent to customers, commercial banks…
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on March 18, bringing the total short-term government borrowing to nearly…
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement. The pan-European Stoxx 600 gained 0.5% in early trade, with…
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX). Speaking during a…
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and several African nations facing potential fuel supply disruptions. Experts warn that tanker traffic…
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years, as part of a sweeping effort to protect investors and…
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the Middle East ripple across global financial markets. The local currency,…
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel, driven by escalating tensions in the strategically vital Strait of Hormuz. The…
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide distribution and reduce dependence on a single supply source. The…
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in January 2026, up from N22.51 trillion a year earlier. This 24.6% increase…