Real Time Financial News Website
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based…
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and local banks are increasingly positioning themselves to acquire majority stakes in insurance companies seeking…
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026, according to the latest report released by the National Bureau…
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 Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the Central Bank of Nigeria’s Monetary Policy Committee (MPC) to place…
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from foreign exchange demand continued to weigh on Nigeria’s currency, even…
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market Awards Nigeria, an initiative aimed at strengthening engagement within the…
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%, signaling a cautious stance as inflationary pressures begin to resurface.…
Nigeria and the wider African business landscape are set for a packed week of economic signals and high-level policy discussions, with major updates expected from the National Bureau of Statistics…
The Nigerian Exchange Group (NGX) is riding one of its strongest bull runs in history, with the All-Share Index (ASI) holding steady between 249,000 and 252,000 after smashing past the…
Global oil markets may be heading for a major shake-up as renewed Iran–US peace talks raise hopes of reopening the Strait of Hormuz, one of the world’s most critical oil…
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in prices. The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM)…
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses a monopolistic threat to Nigeria’s downstream petroleum industry, describing such claims as misleading…
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by more than half, reflecting growing caution among market participants. Data…
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May 2026, signaling renewed strength in the country’s external finances and…
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum Refinery over fuel import licences, warning that any move to restrict fuel imports could…
Seplat Energy Plc has entered a bold new phase of expansion, combining strong financial performance with an aggressive growth strategy that signals long-term confidence in Nigeria’s energy sector. The company…
Nigeria is considering a major shift in its downstream oil sector that could see Chinese investors take a controlling 51 per cent stake in the Port Harcourt and Warri refineries.…
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction held on May 20, 2026, significantly surpassing its initial offer…
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year, amounting to a massive N338.64 billion cash payout. The decision…
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed economic signals across the region. The pan-European Stoxx 600 rose…
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to the latest Central Bank of Nigeria (CBN) data. The movement reflects renewed…
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the ongoing recapitalisation requirements will not be forced out of operation,…
For years, oil-producing communities in Nigeria’s Niger Delta have faced a difficult cycle of unemployment, poverty, and rising frustration among young people. In places like Bayelsa State, that pressure has…
Elon Musk is already known for his dominant influence over the companies he leads, and the upcoming SpaceX IPO appears to push that control even further. While he already refers…
Global oil prices slipped on Thursday as optimism grew over a possible breakthrough in peace negotiations between the United States and Iran, sending traders into a cautious mood across energy…
Lenovo has posted one of its strongest financial performances in years, sending its shares soaring nearly 20% on Friday. The surge came after the company revealed record-breaking fourth-quarter and full-year…
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from Q1 2026 pointing to stronger trade performance. The improvement follows ongoing federal reforms,…
African Marketplace is set to return in a bigger and more ambitious edition in 2026, with organisers confirming Dubai as the host city for its global trade and cultural expo…
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh geopolitical tension surrounding Iran’s nuclear program. The pan-European Stoxx 600 index managed a…