Real Time Financial News Website
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive from the Central Bank of Nigeria, sparking nationwide conversations around customer privacy, business…
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing companies posted impressive financial results in 2025, highlighting the resilience of the country’s alcohol and beverage market. Financial…
OpenAI’s Chief Revenue Officer, Denise Dresser, has said that enterprise artificial intelligence adoption is now at a “tipping point,” signaling a major shift in how businesses are integrating AI into…
OPEC’s crude oil production has fallen to its lowest level in 26 years, reflecting major disruptions in global supply chains linked to the ongoing conflict involving Iran. According to a…
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum Regulatory Commission collectively remitted over N322bn and $116.9m into the Federation Account…
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026, signaling renewed investor confidence in the country’s financial system. The expected…
African manufacturers are raising concerns that recent currency stability across parts of the continent may be misleading, as deeper structural risks continue to threaten industrial growth. The Pan-African Manufacturers Association…
Nigeria’s richest man, Aliko Dangote, is setting an ambitious target for his flagship energy project, as the Dangote Group pushes to value its refinery at $50bn ahead of a planned…
Nigeria’s asset management industry is set for a major shake-up as the ongoing Securities and Exchange Commission (SEC) recapitalisation exercise begins to reshape the sector. Analysts say the policy will…
The Central Bank of Nigeria (CBN) has issued a fresh warning to non-interest financial institutions over growing governance and compliance weaknesses that could threaten confidence in the country’s expanding Islamic…
Nigeria’s oil and gas sector expansion took center stage as President Bola Tinubu and top government officials joined global investors in Paris, France, and energy stakeholders at the Offshore Technology…
Nigeria exported about 485.44 million barrels of crude oil in 2025, representing roughly 82% of its total production, according to a new report from the Nigerian Upstream Petroleum Regulatory Commission…
Global oil prices climbed sharply on Monday as renewed tensions between the United States and Iran raised fears of supply disruptions from the Middle East. The rally came after U.S.…
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) recorded a strong rebound in the week ended May 8, 2026, as investor sentiment improved following a previous selloff. Total…
The Nigerian equities market extended its bullish momentum on May 11, 2026, breaking new ground as the All-Share Index climbed to an unprecedented 250,485.6 points. This milestone was powered largely…
The naira recorded a mild depreciation on Monday, closing at N1,375 per dollar in the official foreign exchange market. The drop reflects renewed pressure on emerging market currencies as global…
The Central Bank of Nigeria (CBN) has intensified its monetary tightening measures ahead of the 2027 election cycle, draining a record amount of liquidity from the financial system through aggressive…
Nigeria’s equities market recorded a historic milestone on Monday as the market capitalisation of the Nigerian Exchange (NGX) crossed the N160 trillion mark for the first time, reflecting renewed investor…
Aliko Dangote has revealed that any plan to build a major refinery in East Africa will depend heavily on the presence of strong anti-dumping laws aimed at protecting local industries…
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support economic reforms, job creation, and business competitiveness in Nigeria. According…
European stock markets opened sharply lower on Tuesday as investor confidence weakened following renewed uncertainty over a possible peace agreement between the United States and Iran. The pan-European .STOXX dropped…
The Central Bank of Nigeria (CBN) has called on state governments to play a stronger role in supporting the country’s shift toward an inflation-targeting monetary policy framework. The apex bank…
Nigeria’s money market continued to show strong liquidity this week, even as the Central Bank of Nigeria maintained aggressive efforts to drain excess cash from the system. Market conditions remained…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement with two Chinese firms for the rehabilitation of the Port Harcourt and Warri refineries does…
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo vessels continue to berth across major ports in Lagos, Delta, and Cross River…
A wave of unusually well-timed oil trades totaling around $7 billion has triggered growing concerns over possible insider trading tied to developments in the Iran–U.S. conflict. The trades, which spanned…
Uber is accelerating its long-standing ambition to evolve beyond ride-hailing into a full “super app,” as competition in the mobility and digital services space intensifies. The urgency has grown as…
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first full year after the merger between Access Pensions and ARM Pensions. The pension fund…
Nigeria’s banking sector is tightening its grip on lending as economic uncertainty, high interest rates, and stricter regulatory conditions continue to reshape financial decision-making. New data from the first quarter…
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of 2026, marking a noticeable decline compared to the same period in 2025. According…