Real Time Financial News Website
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold reforms targeting digital services and online economic activities. This was…
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of 2026, according to fresh data from the National Bureau of…
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil as its biggest foreign exchange earner, even amid fluctuating global…
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the eighth consecutive year in the prestigious Brand Africa 100 rankings.…
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated N137 trillion in customer deposits in the first quarter. The…
OpenAI, the creator of ChatGPT, has quietly taken a major step toward becoming a public company by filing confidential paperwork for an initial public offering (IPO). The move, announced in…
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion, according to the National Bureau of Statistics. The figure marks…
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with experts suggesting that the policy shift may have unsettled foreign…
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55 trillion in the first quarter, marking a dramatic 340.88 per…
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia and Rwanda, strengthening its footprint across the continent’s rapidly growing…
Global stock markets extended their gains on Tuesday as a strong rebound in semiconductor stocks boosted investor confidence, helping Wall Street futures move higher and sparking a broad rally across…
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300 billion through strategic investments in infrastructure, technology, trade, and financial…
Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed bargain hunting strengthened the ongoing recovery on the Nigerian Exchange…
Nigeria’s equities market closed last week on a weak note, shedding 3.1% after a brief recovery in the previous week. The decline was driven by heavy sell pressure across key…
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services in Ethiopia. The license, issued on June 5, 2026, by…
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough new penalty regime that includes a N100 million fine for…
Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition after its $750 million Afreximbank-backed financing deal was crowned Oil & Gas Deal of the…
Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) move to…
Global technology markets started the week under heavy pressure as a widespread tech stock sell-off accelerated, hitting AI-linked companies particularly hard. Investors pulled back sharply after a strong rally in…
OpenAI is reportedly preparing a major upgrade to ChatGPT as part of its long-term vision to turn the platform into a full-scale “super app.” According to a report from the…
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial public offering (IPO) of the Dangote Petroleum Refinery could significantly reshape Nigeria’s capital market. According…
BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian Exchange) during the week ended June 5, 2026, offering investors…
The Nigerian stock market entered H2 2026 on a mixed note, following a strong rally that pushed the NGX All-Share Index up by 60.9% year-to-date as of May. However, early…
OpenAI is preparing what could be the most significant transformation of its flagship product since ChatGPT launched in 2022. According to reports from the Financial Times, the company is working…
The Nigerian stock market experienced a sharp reversal last week as investors on the Nigerian Exchange Limited (NGX) collectively lost over N4.915 trillion following a wave of profit-taking across key…
Nigeria has once again missed out on benefiting from the latest oil production quota adjustments by the Organisation of Petroleum Exporting Countries (OPEC), as the group approved an additional increase…
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a wave of risk-off sentiment across Asia, Europe, and U.S. futures trading. Investors…
Nigeria’s trade sector recorded a significant boost in foreign capital inflows in the first quarter of 2026, attracting $65.79 million in investment, a 91.31 percent increase from the $34.39 million…
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors subscribed N3.275 trillion, signaling continued monetary tightening and strong demand for…
Nigeria’s currency may be performing better than many expected, but leading economist Bismarck Rewane believes the naira is still trading below its true value. Speaking at the Lagos Business School…