Real Time Financial News Website
Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months, aiming to fully restore the 1.65 million barrels per day…
Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale (POS) terminals, fintech platforms, and mobile technology for its highly…
Zambia Continues Easing Cycle with Third Rate Cut Zambia’s central bank has lowered its benchmark interest rate to 13.25% from 13.5%, marking the third consecutive rate cut as inflationary pressures…
The Securities and Exchange Commission (SEC) says Nigeria’s capital market is entering a new phase where data, artificial intelligence (AI), and advanced technology will define how investments are made, managed,…
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies, but the World Bank believes Ghana is in a strong…
Artificial intelligence is quickly becoming a major driver of business growth in Nigeria, as companies shift from experimenting with the technology to fully integrating it into core operations. According to…
President Bola Ahmed Tinubu has revealed that Nigeria is projected to spend a staggering $11.6 billion on debt servicing in 2026, marking a sharp increase from the $5.21 billion recorded…
Telecommunications companies in Nigeria have pledged that users will experience better call quality, stronger network coverage, and improved internet services before the end of 2026. The promise comes amid rising…
The Nigerian Exchange (NGX) closed Wednesday, 13 May 2026, on a mildly positive note as the All-Share Index climbed 0.04% to 252,508.2 points, officially crossing the 252,500 mark. This reflects…
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy, and regional integration across Africa. This development was confirmed during…
Asia-Pacific stock markets traded mixed on Wednesday as investors reacted to rising geopolitical tensions, fresh U.S. inflation concerns, and anticipation ahead of a key diplomatic meeting between U.S. President Donald…
Visa has launched a new suite of AI-powered dispute resolution tools aimed at helping businesses tackle the growing cost and complexity of payment disputes across the global financial ecosystem. The…
European stock markets opened on a positive note Thursday morning as investors closely monitored major political developments unfolding in both the United Kingdom and China. The pan-European STOXX 600 index…
Nigeria’s richest businessman, Aliko Dangote, has revealed that the Dangote Group turned down an attempt by the Nigerian National Petroleum Company Limited to acquire a larger stake in the Dangote…
Americans are facing mounting economic pressure as petrol prices continue to climb following the escalating conflict between the United States and Iran. The crisis in the Middle East has disrupted…
Africa’s richest man, Aliko Dangote, is positioning his flagship refinery for a major leap into global capital markets, with the business targeting a valuation of up to $50 billion ahead…
The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of about N1.52 trillion, pushing total market capitalisation above N161.77 trillion. The sustained rally…
Nigeria’s five biggest lenders—commonly known as FUGAZ—ended 2025 on a stronger footing, with combined total assets climbing to N161.4 trillion. This represents a 12.9% increase from N143 trillion recorded in…
Nigeria’s Dangote Petroleum Refinery is rapidly strengthening its position in the global energy market as Europe battles a severe jet fuel shortage triggered by geopolitical tensions in the Middle East.…
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the International Monetary Fund warns that unrealistic budget assumptions are contributing to wider fiscal…
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled for May 2026 on behalf of the Federal Government of Nigeria. The move…
OpenAI CEO Sam Altman has taken the stand in a closely watched legal battle brought by Elon Musk, where Musk is challenging the company’s structure and its transition from a…
President Bola Ahmed Tinubu has blamed high borrowing costs, illicit financial flows, and restrictive global financial policies for the slow growth of Africa’s manufacturing sector. Speaking at the Africa Forward…
Nigeria’s oil production recorded a strong increase in April 2026, with total crude oil and condensate output rising to 1.663 million barrels per day (bpd). The latest figures released by…
Nigeria’s daily petrol consumption surged to 51.1 million litres per day in April 2026, up from 47.3 million litres recorded in March, according to fresh data released by the Nigerian…
The Nigerian stock market continued its bullish run on Tuesday as the Nigerian Exchange (NGX) All-Share Index climbed to a historic high of 252,411.7 points, driven by strong gains in…
European stock markets opened higher on Wednesday, recovering from losses recorded in the previous trading session as investor confidence improved across the region. The pan-European STOXX 600 index climbed 0.7%…
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies, with Egypt emerging as the new leader for the first time in four years. The…
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited, has remitted $29.28 million in crude oil and gas export proceeds alongside N2.07 billion in gas revenue to the Federation…
Nigeria’s fuel market witnessed a major shift in April 2026 as the Dangote Petroleum Refinery supplied nearly 80 percent of the country’s petrol consumption, according to the latest report released…