Real Time Financial News Website
The Nigerian stock market rebounded on Thursday, May 21, 2026, recovering from the previous session’s heavy losses as investors returned to the equities market. The Nigerian Exchange (NGX) All-Share Index…
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected to influence investment strategies across Nigeria’s mutual fund and pension…
Africa’s economic future may depend less on the strength of individual countries and more on the continent’s ability to operate as a single, integrated market. That was the central message…
European stock markets edged slightly higher on Thursday as investors balanced optimism in the tech and aerospace sector with concerns over global geopolitical tensions and weakening economic data across parts…
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the year. The Euro now trades around ₦1,592.5, down from ₦1,684,…
Seplat Energy has set an ambitious goal to reward its shareholders with a $1 billion dividend payout within the next four to five years, signaling strong confidence in its growth…
The Nigerian equities market ended trading on a negative note as investors pulled out of major stocks, wiping out about N1.6 trillion in market capitalisation. The downturn reflected sustained sell…
Nigeria’s trade relationship with the United Kingdom recorded a major boost in 2025, reaching a total value of £7.6bn, largely driven by strong crude oil exports. According to fresh data…
The World Bank Group has announced an ambitious plan to mobilise around $23 billion in private capital for Africa, in a major push aimed at accelerating development, job creation, and…
Global oil prices slipped on Wednesday as Brent crude fell to $105 per barrel, reflecting growing optimism over ongoing peace negotiations between the United States and Iran aimed at reducing…
SpaceX, the aerospace giant founded by Elon Musk over two decades ago, has officially released its long-awaited IPO filing, setting the stage for what could become one of the biggest…
Nigeria’s Dangote Refinery is rapidly strengthening its footprint in the global aviation fuel market, with fresh data showing a major expansion of jet fuel exports across Europe and North Africa.…
The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has significantly reduced, with interventions now accounting for less than 2% of total…
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its latest Monetary Policy Committee (MPC) meeting held in Abuja. The decision reflects the…
Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance companies paying a combined N15.2 billion in income taxes, more than double the N6.6…
Nigeria’s biggest industrial project, the Dangote Refinery, is attracting strong investor interest ahead of its planned initial public offering (IPO), with founder Aliko Dangote revealing that the company has already…
Nigeria’s ambition to expand non-oil exports has suffered a major setback after the country’s ginger export earnings plunged from N26.2 billion in 2023 to zero by the end of 2025.…
Nigeria has emerged as Africa’s leading technology powerhouse, producing some of the continent’s most valuable startups and attracting billions of dollars in foreign investment. Companies such as Flutterwave, OPay, Interswitch…
President of the Dangote Group, Aliko Dangote, has revealed that the planned listing of Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange (NGX) is aimed at giving Africans a…
The National Pension Commission (PenCom) has launched the pilot phase of its new healthcare support programme, known as the PenCare initiative, aimed at improving the welfare of retirees under the…
Africa is set for a major boost in development financing as the World Bank’s Multilateral Investment Guarantee Agency (MIGA) plans to more than double its annual guarantees to $6.4 billion…
Nigeria’s economic reform drive has earned fresh global recognition after ratings agency S&P Global Ratings upgraded the country’s sovereign credit rating from “B-” to “B,” citing stronger fiscal management, improved…
Nigeria’s oil and gas sector recorded a sharp slowdown in April 2026, as exploration and drilling activities fell by 41.7%, according to the latest Monthly Oil Market Report released by…
Across Africa, a strange economic contradiction is unfolding: countries rich in natural gas reserves continue to suffer widespread energy poverty. Despite holding over 200 trillion cubic feet of gas in…
Nigeria is falling behind in the global artificial intelligence race, according to a new Microsoft report that highlights a widening gap between developed and developing economies in AI adoption. The…
Nigeria’s oil and gas sector is undergoing a major transformation as local content policies continue to reshape the industry, boosting indigenous participation and reducing reliance on foreign operators. New figures…
African institutional investors are showing strong interest in the upcoming Dangote Refinery IPO, as representatives of South Africa’s Government Employees Pension Fund (Government Employees Pension Fund (GEPF)) and the Public…
Nigeria’s oil and gas industry is undergoing a major transformation as local content policies continue to reshape the sector and expand indigenous participation. Officials say the number of operating oil…
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria will officially adopt a T+1 settlement cycle for equities and…
US stocks retreated in early trading on Tuesday as renewed inflation fears and rising global tensions pushed investors into a cautious mood. The sell-off came as oil prices stayed elevated…