Real Time Financial News Website
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to seven cryptocurrency and blockchain-focused companies under its Accelerated Regulatory Incubation…
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index provider FTSE Russell announced that the country’s reclassification is now under further review. The decision…
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength in the country’s external financial position. According to data from…
Nigeria’s economy began 2026 on a stronger footing, with the country’s Gross Domestic Product (GDP) expanding by 3.89% year-on-year in the first quarter, according to the latest figures released by…
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance Policyholders’ Protection Fund (IPPF), marking a major regulatory shift aimed…
Nigeria’s National Pension Commission (PenCom) has announced an increase in the allowable equity investment limits for key Retirement Savings Account (RSA) fund categories. The decision, outlined in an addendum released…
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 upward to 4.4%, reflecting growing confidence in the country’s medium-term recovery. This marks a slight improvement from…
Farouk Ahmed, the chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has resigned following a meeting with President Bola Tinubu. Tinubu, on Wednesday, summoned…
Nigeria’s headline inflation rate slowed to 14.45 percent in November 2025, marking a notable decline from 16.05 percent in October and beating President Bola Tinubu’s inflation target for the year.…
Nigeria’s external reserves have officially crossed the $45 billion mark, marking the first time in six years that the country has reached this milestone, according to the Central Bank of…
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27 percent, maintaining its tight monetary stance as part of ongoing efforts to rein in inflation…
Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1…
Nigeria’s inflation rate continued its downward trend in September 2025, easing to 18.02% from 20.12% in August, according to the latest data released by the National Bureau of Statistics (NBS).…
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast, projecting a 3.9% expansion in 2025 and a further acceleration to 4.2% in 2026. The announcement was made during…
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of the African Development Bank (AfDB) Group, taking over from Dr.…
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion personal investment in First Bank, crediting the economic and monetary reforms spearheaded by President…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking a staggering 76.73% increase compared to N701.24 in April 2024,…
Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This marks a notable increase from the previous month’s rate of…
Hon. Mojisola Lasbat Meranda has been elected as the new Speaker of the Lagos State House of Assembly, Mudashiru Obasa, who was impeached over allegations of gross misconduct and abuse…
The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97% due to profit-taking in fundamental stocks. The Nigerian Exchange Limited (NGX) All-Share Index (ASI)…
ASI Engineering Limited (ASI) has announced the acquisition of a 60% equity stake in the Kaduna Electricity Company Plc (Kaduna Electric). This acquisition marks a significant milestone for ASI Engineering…
The Nigerian equity market saw another day of gains on Wednesday, with investors pocketing N131 billion boosted by strong performances from Cornerstone Insurance, RT Briscoe Nigeria, and Industrial and Medical…
Segun Alebiosun, currently the Executive Director and Chief Risk Officer, is likely to become the acting Managing Director and Chief Executive of Nigeria’s oldest bank, First Bank. He will step…
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on April 12, 2024. Judge Rahmon Oshodi…
In a sweeping financial reform announced on Thursday, March 28, 2024, the Central Bank of Nigeria (CBN) has raised the minimum capital requirements for commercial banks, tailored to the scope…
The National Association of Academic Technologists (NAAT) has declared a three-day warning strike starting from March 20, citing the non-payment of four months’ withheld salaries as the reason for the…
A White House official, Jake Sullivan, confirmed that Hamas leader Marwan Issa was killed in an Israeli air strike, making him Hamas’s most senior leader to die since the conflict…
The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have jointly declared a seven-day warning strike to protest the withholding of their salaries for four…
Qbdulwaheed Odusile, the former Commissioner for Information and Strategy in Ogun State, has been appointed as the new Chief Executive Officer (CEO) of KAFTAN Television by its Board of Directors.…
The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends, family, and associates gathered to bid their final farewells to the late…