Real Time Financial News Website
The Central Bank of Nigeria (CBN) has called on state governments to reduce their dependence on overdrafts and short-term borrowing, warning that unchecked fiscal behaviour at the sub-national level could…
The Nigerian stock market ended the week on a positive note as the Nigerian Exchange Limited recorded a 0.71 percent rise in market capitalisation, closing at N157.09 trillion. The All-Share…
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure on the country’s foreign exchange position despite ongoing economic reforms by the Central Bank of Nigeria…
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are paying significantly more for electricity without seeing meaningful improvement in power supply. The…
European stock markets opened on a cautious note Monday as investors reacted to growing uncertainty surrounding stalled peace negotiations between the United States and Iran. Traders across the region monitored…
Tech stocks in the United States are once again drawing strong investor interest after another impressive earnings season, with analysts suggesting that valuations in the sector may now be more…
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a target of generating up to 20,000 megawatts (MW). The move is part of…
Canada has recorded an unexpected trade surplus, its first in six months, as rising oil and gold prices boosted export earnings. According to new trade data for March 2026, the…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of NNPC Limited to revive the Warri and Port Harcourt refineries. However, the…
Nigeria’s bold economic reforms over the past two years—though painful and controversial—are now being closely reassessed as global uncertainty intensifies. Measures such as fuel subsidy removal, foreign exchange liberalisation, and…
The Nigerian equities market closed lower on Thursday as sustained selloffs in major listed companies wiped out about N1.922 trillion in market value. This decline dragged the total market capitalisation…
Africa’s richest man, Aliko Dangote, is preparing to take a major step in global capital markets as he plans to list Dangote Cement Plc on the London Stock Exchange later…
European stock markets slipped on Friday as renewed trade tensions between the United States and the European Union unsettled investors, while political developments in the United Kingdom added to overall…
A new 2025 RED Index of Industrial Development in Africa has revealed a sobering reality about the continent’s industrial future. According to the report released by the Business Council for…
Despite a gradual rise in foreign investment flows into Africa, the Manufacturers Association of Nigeria (MAN) has warned that Foreign Direct Investments (FDIs) across the continent are still being slowed…
Residents of gated housing estates across Lagos are experiencing a sharp rise in electricity costs, with monthly bills more than doubling—and in some cases tripling—due to worsening power supply from…
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says recent foreign exchange reforms are beginning to bring much-needed stability to Nigeria’s automotive industry, even as…
Iran has begun reducing its oil production as its storage facilities near full capacity, following a sharp slowdown in crude exports caused by ongoing conflict and disrupted shipping routes in…
The International Monetary Fund has raised fresh concerns over the growing threat of artificial intelligence-driven cyber attacks, warning that the global financial system may not be fully prepared to withstand…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold transition into a pan-African financial services group. The milestone, according…
Nigeria’s capital market received a confidence boost as NGX Regulation Limited (NGX RegCo) announced it has recovered more than N500 million in restitution for investors. The disclosure, published on the…
Nigeria’s export sector is entering a new phase as businesses begin to explore opportunities under the Nigeria China zero-tariff exports arrangement, which officially took effect on May 1, 2026. The…
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association (FMDA) projecting total inflows to reach N10.53 trillion in May 2026. This marks a…
In 2017, tensions inside OpenAI began to surface as the small nonprofit research lab debated how to transition into a for-profit structure to raise the massive funding needed for artificial…
Elon Musk’s SpaceX is making a bold move into the semiconductor industry with plans to build a massive $55 billion chip manufacturing facility in Texas. The project, called “Terafab,” signals…
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply across all 50 states. The country has increasingly taken on the…
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on Wednesday, edging closer to the key N1,350/$ level. The local currency strengthened…
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA)—recorded a combined gross earnings of N14.93 trillion in 2025, reflecting a…
President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing economic reforms, transparency drive, and fiscal discipline. The meeting was part of efforts to strengthen…
Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding balance sheets were weighed down by a sharp decline in profitability linked to regulatory…