Real Time Financial News Website
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary Fund (IMF) in its 2026 Article IV Mission report on…
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major push aimed at transforming agriculture through industrial clusters, improved value…
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for international payments. Deposit Money Banks are now raising spending limits…
Global markets reacted sharply on Thursday after U.S. officials confirmed that military strikes against Iran had been completed, even as tensions in the Gulf remained high. Early sentiment pointed to…
The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session as renewed buying interest in key blue-chip stocks pushed investors’…
Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250 billion, representing a 14% increase from last year’s $220 billion. The…
The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new digital platform, Rev360, aimed at boosting voluntary tax compliance across…
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria, Vitafoam, Livestock Feeds, and Oando powered another positive close. Despite…
The Dangote Petroleum Refinery may be set for another boost in the international aviation fuel market following Russia’s decision to extend its jet fuel export ban until November 30, 2026.…
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high borrowing costs, and multiple taxation. The latest Business Expectations Survey…
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through a private placement, reinforcing its status as one of Africa’s…
Africa’s largest financial institution, Standard Bank Group, has thrown its weight behind the planned Dangote Refinery IPO, reaffirming its commitment to support the growth ambitions of Dangote Industries Limited across…
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries surged to N654.94 billion in the first quarter of 2026,…
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the foreign exchange market continued to reflect tight central bank management…
The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation of its ongoing economic reform agenda. The government says the…
Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary Fund (IMF), raising fresh concerns about the country’s growing debt burden as it…
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out what it described as “self-defense strikes” against Iran. The move…
United Capital Plc has taken a bold step in its continental expansion strategy after securing investment banking licences in Ethiopia and Rwanda, strengthening its position as one of Africa’s leading…
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial bids in the ongoing 2025 Nigeria Oil Licensing Round. The…
Anthropic has officially opened access to its most powerful AI system yet, launching Claude Fable 5, a public-facing version of its previously restricted Mythos model. Announced on Tuesday, the rollout…
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion from the financial system through its Open Market Operations (OMO)…
Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between Iran and the United States triggered a wave of selling across global crude markets. Brent…
The International Monetary Fund (IMF) has once again expressed support for Nigeria’s ongoing economic reforms, acknowledging that the country is making progress toward greater macroeconomic stability and improved growth prospects.…
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1 2026, raising fresh concerns about the country’s industrial growth momentum…
Google has escalated the growing artificial intelligence subscription battle by slashing the price of its entry-level AI plan, Google AI Plus, from $7.99 to $4.99 per month. The move also…
The U.S. stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq Composite posting losses as a short-lived rebound in semiconductor stocks lost momentum. Investors remained cautious despite…
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and signaling growing strength in the country’s external financial position. Data…
Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities, driven largely by a strong performance from Airtel Africa and…
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting that financial institutions are quick to increase lending rates when…
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS) financing deal with First Abu Dhabi Bank, warning that such…