Real Time Financial News Website
Asian markets recorded a strong surge on Thursday, with Japan’s benchmark Nikkei 225 index breaking a major milestone by climbing above 62,000 points for the first time in history. The…
The Nigerian Exchange Limited (NGX) closed on a positive note as investor confidence strengthened, pushing the market capitalisation up by N629 billion. The rally was largely driven by strong performances…
The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance upward, adding a total of N629 billion in value. The rebound reflects growing…
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit before tax, which rose to N1.655 billion for the year…
Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65 billion annually by 2030, according to a new report by Boston Consulting Group…
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in March 2026, with several key staples recording both increases and decreases…
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below $100 per barrel. The fall came amid rising optimism that the United…
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, marking a significant milestone in its growing presence in the global…
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53 trillion, according to the Financial Markets Dealers Association (FMDA). The…
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in global capital markets. The move follows its first major step…
Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the curve for the first time ever. The rally reflects renewed confidence from foreign portfolio investors,…
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima. The disclosure signals growing investor confidence in the sector, as…
The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle at 242,729.5 points, up from 241,750.15 recorded in the previous session.…
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in trading activity at the Nigerian Foreign Exchange Market (NFEM). Fresh…
Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from the previous month, according to the Nigerian Electricity Regulatory Commission…
The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor Spirit (PMS), bringing the rate back down to N1,275 per litre from N1,350.…
Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States and Iran may be moving toward easing tensions. The possibility…
Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest level in 13 months. According to data from Africa: The…
Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price increases. According to new data released by the Central Agency…
Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic 15% jump in its share price. The rally was driven…
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan to escort commercial vessels through the Strait of Hormuz. The…
Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude oil made available by international and independent producers were not taken up by…
Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million barrels of crude oil in the first quarter of 2026, significantly below the 61.9…
Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company Limited’s (NNPC) new partnership with two Chinese firms aimed at reviving the long-dormant Port Harcourt and…
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term, raising fresh concerns about the country’s fiscal stability as oil…
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX). The reform is already reshaping how investors trade, sparking debate…
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the United States dollar. Fresh data released by the Central Bank…
South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across Asia-Pacific markets. The surge followed strong overnight gains on Wall…
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market value, reflecting growing investor caution and widespread sell-offs. The drop…
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle East crisis, inflation pressures, and tighter financial conditions—continues to test…