Real Time Financial News Website
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with plans to raise N2 trillion through multiple auctions scheduled for…
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium Motor Spirit (PMS), popularly known as petrol, could fall below…
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its electricity grid, a development that continues to weigh heavily on…
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of Dangote Cement Plc wiped an estimated N4.23 trillion from his…
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set to step down as Chairman of United Bank for Africa…
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million Eurobond obligation ahead of schedule, raising its total payments to bondholders…
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by convening a high-level meeting with Dangote Refinery, petroleum marketers, regulators,…
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂) emissions intensity by 20 percent while increasing its installed production…
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its continued commitment to gradually restoring crude supplies to the global…
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025, according to a new report by the World Bank. The findings…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms to rehabilitate and operate the Port Harcourt and Warri refineries,…
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing it close to surpassing the total amount approved during former…
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures. According to the Nigerian Economic Summit Group (NESG) Business Confidence…
Nigeria’s ongoing economic reforms, combined with the opportunities created by the African Continental Free Trade Area (AfCFTA), are expected to accelerate economic growth, attract new investments, and strengthen the country’s…
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers after enduring significant volatility over the past two years. The…
Nigeria’s stock market endured a turbulent June 2026, wiping out more than N13 trillion in investor wealth as widespread selloffs dragged down equities across sectors. The decline affected both strong-performing…
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares worth N154.39 billion, representing a 14.8 percent increase compared to…
Nigeria’s growing influence in the global energy market received another major boost as the Dangote Petroleum Refinery exported approximately 466,000 metric tonnes of jet fuel to Europe in June, a…
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to seven cryptocurrency and blockchain-focused companies under its Accelerated Regulatory Incubation…
Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant Citigroup (Citi), which predicts that Brent crude oil prices could decline to $60 per barrel…
South African investment in Nigeria climbed to nearly $1 billion in the first quarter of 2026, highlighting the strength of economic ties between Africa’s two largest economies despite ongoing diplomatic…
Nigeria and China have taken a significant step toward strengthening economic cooperation, with business leaders from both countries committing to deeper collaboration in exports, energy, healthcare, artificial intelligence, agriculture and…
Nigeria and Canada are intensifying efforts to strengthen their economic partnership, with both countries placing greater emphasis on data-driven investment strategies as a catalyst for trade growth. Speaking at the…
Microsoft has announced the launch of the Microsoft Frontier Company, a new $2.5 billion initiative designed to help large organizations adopt and integrate artificial intelligence technologies more effectively. The move…
The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s energy market by overhauling the way it prices some of its most important crude oil…
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3 billion contract finance facility aimed at easing funding challenges faced…
African Export-Import Bank (Afreximbank) President and Chairman of the Board, Dr. George Elombi, has called on Nigeria and other African nations to halt the export of lithium, a critical mineral…
The United States has reaffirmed its commitment to strengthening ties with Nigeria after bilateral trade between both countries climbed to nearly $15 billion in 2025, marking a 14 percent increase…
Africa’s technology ecosystem is showing renewed strength as startups across the continent raised an impressive $3.9 billion through 506 deals in 2025, according to a new report by Bloomwit Africa.…
Global stock markets rallied on Friday, showing resilience despite continued weakness in semiconductor and technology stocks. Investors appeared encouraged by optimism surrounding global economic conditions and the possibility of future…