Real Time Financial News Website
The joint AI accelerator program by Google and venture capital firm Accel has unveiled its latest cohort of startups in India, deliberately avoiding the flood of superficial “wrapper” AI ideas.…
Nigerian Breweries Plc has taken a significant step toward sustainability by acquiring a 29% stake in a new food-grade recycled polyethylene terephthalate (rPET) facility in Ogun State. The move forms…
Nigerian regulators are stepping up efforts to boost liquidity in the country’s equity market by reviewing rules around free-float requirements for listed companies. Many of Nigeria’s largest firms are tightly…
Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in February, citing improved food supply and easing price pressures across key sectors. The Consumer Price…
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal channels, according to the Central Bank of Nigeria’s (CBN) latest…
Nigerian stocks are riding a wave of unprecedented momentum, with equities up roughly 27.5% year-to-date following last year’s impressive gains of more than 50%. Optimistic forecasts suggest the market could…
Investors on the Nigerian stock market traded a total of 3.32 billion shares worth N164.84 billion over five days, marking a 10 percent decline compared to the previous week, according…
European markets are expected to begin the week on a positive note, even as investors remain cautious about rising oil prices and escalating tensions in the Middle East. Market sentiment…
Global oil prices surged on Monday as tensions in the Middle East intensified, pushing Brent crude above $105 per barrel amid growing concerns about disruptions to global supply. The rally…
Banks and telecommunications companies must work more closely together to combat the growing threat of artificial intelligence-driven fraud, according to a new report by PwC. The professional services firm warned…
Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment triggered a bearish trend across both primary and secondary segments. The market was influenced by…
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s continued reliance on foreign suppliers for essential goods. According to the National Bureau of Statistics…
Economic reforms under President Bola Tinubu have pushed Nigeria’s poverty rate to a staggering 63%, according to a recent report released on Thursday by Agora Policy, in collaboration with the…
Oil prices experienced wild swings on Thursday as geopolitical tensions in the Gulf sent shockwaves through global markets. Brent crude briefly surged to $102.70 per barrel—an intraday gain of nearly…
Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears of a prolonged energy crisis. Brent crude, the international benchmark,…
The United States has issued a temporary 30-day waiver allowing countries to purchase Russian oil stranded at sea, in a strategic move aimed at stabilizing global oil prices. U.S. Treasury…
Young Nigerian tech innovators are taking center stage in the race to solve Africa’s pressing problems. At the AfriVatech iResearch Fellowship Cohort One Grand Pitch, seven research fellows from leading…
Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital preservation. Among these, money market mutual funds remain the most…
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), has reinforced the importance of capital…
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora Policy Think-tank has revealed. The study, presented by Dr. Mohammed…
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to six percent of GDP, the Central Bank of Nigeria (CBN)…
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a 38.5% decline compared to $659.7 million in the same month…
Nigeria’s latest Treasury Bills (T-Bills) Primary Market Auction, conducted by the Central Bank of Nigeria (CBN) on March 11, 2026, recorded unprecedented demand, with subscriptions totaling N2.78 trillion—more than double…
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its newly launched Virtual Asset Regulatory Sandbox, addressing public questions about…
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by March 31, a move designed to create stronger, more sophisticated…
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Speaking at the…
The Nigerian stock market returned to bullish territory on March 12, 2026, with the All-Share Index (ASI) gaining 1,010.2 points to close at 196,908.7. This marked a strong recovery above…
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF), highlighting a persistent liquidity surplus in…
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund N20.33 billion to customers who paid for prepaid meters under…
Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that a prolonged conflict in the Middle East could disrupt global energy supplies…