Real Time Financial News Website
The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value within just four trading sessions and unsettling investors who had enjoyed months…
Experts and industry stakeholders have raised fresh concerns over Africa’s readiness for Artificial Intelligence (AI), warning that ethical gaps, weak digital skills, and poor infrastructure could slow down the continent’s…
Global oil prices slipped sharply on Thursday as easing tensions in the Middle East sparked renewed optimism among investors. The decline came as markets reacted to growing hopes of a…
The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a staggering N5.15 trillion within the first four trading days of June…
Nigeria is weighing a major financial reset as it considers refinancing parts of its costly debt portfolio and raising fresh funds to plug a widening budget gap. The move comes…
The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic, financial, and security investments in the country. The assurance was given by British High…
Anthropic is edging closer to a public listing as investor excitement around the fast-growing AI company reaches new highs. The artificial intelligence firm has reportedly filed confidentially for an IPO,…
The Nigerian Exchange (NGX) continued its downward trend as bearish sentiment strengthened on Thursday, with more stocks closing in the red than in the green. The persistent selling pressure dragged…
Recent industry data has sparked fresh discussions in Nigeria’s downstream oil sector, as figures show that the gantry prices from Dangote Refinery are currently higher than the landing cost of…
South Korean stocks suffered their steepest decline in months on Friday, leading losses across Asia as investors reacted to a sharp sell-off in artificial intelligence-linked technology shares that began on…
Nigeria’s currency recorded a significant milestone on Thursday as the naira strengthened below the N1,360/$ mark for the first time in four weeks, reflecting growing confidence in the country’s foreign…
SpaceX is preparing to make history after setting the price of its initial public offering (IPO) at $135 per share, positioning the aerospace company to raise an unprecedented $75 billion…
Dangote Refinery is setting its sights on becoming a dominant force in the global jet fuel market, with plans to expand its refining capacity by an additional 700,000 barrels per…
The Nigerian equities market extended its losing streak on Wednesday, closing in the red for the third consecutive trading session as investors continued to take profits. The downturn wiped out…
Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States, and Israel rattled global investors. The escalation has raised fears of prolonged…
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the first quarter of 2026. This represents a 14.07% increase compared…
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking its weakest performance in over four years, according to fresh…
In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude oil—it is quietly reshaping what sovereignty means for Nigeria and, by extension, Africa. What was…
SoftBank Group shares tumbled more than 11% on Thursday, extending a wider sell-off across global technology markets. The decline came as investors pulled back from high-growth tech stocks following recent…
The World Bank has reported major progress in its regional electricity initiative aimed at improving power supply across West Africa. The programme is enhancing cross-border electricity trade, strengthening utility finances,…
Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas sector, signaling renewed confidence in the country’s upstream industry as new opportunities emerge under upcoming…
The Nigerian equities market extended its losing streak on Wednesday, marking a third straight day of declines as investors reacted to sustained profit-taking across major blue-chip stocks. The NGX All-Share…
Nigeria is set for a new wave of oil sector activity as President Bola Tinubu has approved the 2026 oil block licensing round, signaling renewed efforts to attract investment into…
Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates, according to the African Development Bank (AfDB). The revelation points to a major…
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as strong investor appetite for government securities pushed stop rates higher…
Google’s parent company, Alphabet, has made history with a record-breaking $85 billion fundraising initiative aimed at accelerating its artificial intelligence ambitions. The unprecedented stock offering, which has attracted overwhelming investor…
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors continued to lock in profits from recent gains. The sustained…
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) experienced a slight slowdown in trading activity in May 2026, even as the majority of funds delivered positive returns. Market…
The 2026 edition of the NOG Energy Week is set to become a major global meeting point for energy experts as it brings together engineers, policymakers, academics, and industry leaders…
Nigeria’s insurance industry has entered a critical phase of reform as insurers and reinsurers intensify recapitalisation efforts following the expiration of the National Insurance Commission (NAICOM) statutory deposit deadline on…