Real Time Financial News Website
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned that the nation could lose a substantial share of the…
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound after months of contraction, according to fresh data from the…
The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April 2026, posting a profit after tax of N481 billion, a significant increase from N276 billion…
Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion threshold. The increase reflects steady foreign currency inflows, improved market…
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS) terminal geo-fencing framework, shifting the implementation timeline to July 31,…
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38, defying mixed performance across Asia-Pacific markets. The strong rally positioned South…
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about N111.48 billion worth of shares on the Nigerian Exchange (NGX). The decline…
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy financial pressure, with little relief felt across the private sector.…
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the wait time for investors to receive cash or shares after…
The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion in just five months, driven by strong corporate earnings, rising…
Nvidia is making a bold move beyond its dominance in AI data centers, stepping directly into the personal computer market with a new Arm-based processor called the N1X. The chip,…
European shares ended lower on Thursday as investors reacted cautiously to rising geopolitical tensions and mixed economic signals from global markets. The pan-European Stoxx 600 slipped about 0.5%, with most…
Nigeria’s dependence on imported fuel remains a major talking point in its energy sector, as new data shows the country spent about £1.1 billion on refined oil imports from the…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following the Central Bank of Nigeria’s (CBN) decision to withdraw long-standing regulatory…
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of jet fuel in April 2026. The achievement comes as global fuel trade routes continue…
Learn Africa Plc emerged as one of the best-performing Nigerian stocks in May 2026, delivering a remarkable 37.10% return and securing a place among the top gainers on the Nigerian…
The Nigerian naira ended May 2026 at N1,372 against the United States dollar, marking a relatively stable performance despite ongoing global economic uncertainties. Although the local currency recorded a slight…
The Federal Government and the World Bank have agreed to cancel approximately $717.7 million in undisbursed funding under the Power Sector Recovery Operation (PSRO), marking a significant shift in Nigeria’s…
Nigeria has received a total of $187.3 million in US foreign assistance in 2026, according to new data published by the US Department of State. The report, released on May…
Nigeria’s private sector has recorded a sharp contraction in lending, with credit falling by over N14 trillion within just two months. According to the latest Central Bank of Nigeria (CBN)…
Nigeria’s power sector received a major boost as the Niger Delta Power Holding Company (NDPHC) announced the restoration of the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, which…
South Korea’s benchmark Kospi index surged to a fresh record high on Tuesday, leading gains across Asian markets as trading resumed after a public holiday. Investor confidence was lifted by…
Trading activity on the Nigerian Exchange (NGX) Exchange Traded Fund (ETF) segment slowed sharply in the week ended May 22, 2026, as investor participation weakened across major funds. Total transaction…
African capital markets have been urged to expand their investment focus beyond traditional sectors such as oil, banking, and manufacturing, toward the continent’s fast-rising creative and innovation economy. The call…
Global oil prices climbed on Tuesday while stock markets showed mixed performance, as renewed U.S. military strikes in southern Iran dampened investor hopes for an imminent peace agreement between Washington…
The United Kingdom has exempted Nigeria from stricter compliance checks under its updated sanctions regime targeting fuel products refined from Russian crude oil. The decision was confirmed in new guidance…
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are still struggling with major structural and financial barriers. According to stakeholders in the…
Nigeria’s foreign exchange market showed signs of renewed stability in April 2026, with the naira appreciating by N19.67 against the United States dollar. According to market data, the local currency…
Nigeria has taken another step toward attracting foreign investment into its mining industry after signing a landmark memorandum of understanding (MoU) with Turkey to deepen cooperation in the solid minerals…
Nigeria’s downstream petroleum sector is heading for another major showdown as the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers push back against efforts by Dangote Petroleum Refinery to…