Real Time Financial News Website
The Nigerian naira has staged a modest recovery against the British pound, trading at N1,858/£1 in the official market, according to the latest data from the Central Bank of Nigeria…
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to N287.75 billion. A total of 4.84 billion shares were exchanged…
The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in the country’s foreign exchange (FX) market, which reached $10 billion during the month. Fresh…
The Nigerian Exchange Group Plc delivered an impressive financial performance in the first quarter of 2026, posting a pre-tax profit of N5.98 billion, a 140.5% jump from N2.49 billion recorded…
Seplat Energy Plc has kicked off 2026 on a strong note, reporting a post-tax profit of N52.5 billion for the first quarter, a significant rise from N35.3 billion recorded in…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the Obiafu-Obrikom-Oben (OB3) Gas Pipeline, a major milestone expected to unlock…
MTN Nigeria Communications Plc has reported a strong start to 2026, more than doubling its profit after tax to N355.5 billion for the first quarter ended March 31. This marks…
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a week-long run of losses as improved liquidity conditions supported trading activity. The local…
Dangote Cement Plc has started 2026 on a strong note, reporting a profit before tax of N421.1 billion in the first quarter, according to its latest financial statement filed on…
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in foreign exchange market activity. According to data from the Nigerian Foreign…
Nigerian business leader and Chief Executive Officer of ELIN Group, Dr. Elizabeth Jack-Rich, has said Africa will play a central role in shaping the future of the global Artificial Intelligence…
The Nigerian equities market delivered a historic performance on Wednesday as the Nigerian Exchange Group (NGX) crossed the N150 trillion market capitalisation mark for the first time, following a massive…
The Nigerian Exchange Limited (NGX) has reaffirmed its ambition to drive deeper capital market growth, strengthen transparency, and attract long-term investments as it positions itself for more sustainable development in…
Petrol prices are edging dangerously close to N1,400 per litre across Nigeria as global oil market tensions push costs higher and local refiners adjust prices. The latest increase comes after…
Microsoft CEO Satya Nadella has expressed strong confidence in the company’s updated partnership with OpenAI, saying the tech giant is well-positioned to fully benefit from the revised agreement. Speaking after…
European stock markets opened lower on Thursday as investors reacted to a sharp rise in oil prices driven by escalating geopolitical tensions in the Middle East, alongside anticipation of key…
Global oil markets rallied sharply on Thursday as Brent crude surged past $126 per barrel, driven by rising geopolitical tensions between the United States and Iran. The spike follows indications…
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped to 49.4, signaling a contraction for the first time in 16 months. The latest…
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among African countries to unlock the continent’s full potential in the global solid minerals market. Speaking…
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports that the United States is weighing military options against Iran. The development has…
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation as renewed investor confidence pushed the equities market above the N147 trillion threshold. The…
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy aimed at mobilising £9 billion in fresh capital into Nigeria…
The global oil market is facing what analysts are calling the most severe supply shock in history, after the prolonged closure of the Strait of Hormuz cut off more than…
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s fast-growing creative sector, particularly in film, fashion, and music. The initiative is designed to close key…
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to drive key reforms in Nigeria’s oil and gas sector. The move comes…
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the gradual shutdown of inefficient refineries worldwide, arguing that the global oil and gas…
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market growth across the continent’s frontier exchanges. Nigeria and Ghana have emerged as…
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC) increased the official selling prices of all 37 Nigerian crude grades for May-loading cargoes.…
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026, jumping by 107.74% month-on-month to N288.82 billion. The sharp increase signals renewed offshore interest…
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the first quarter ended March 31, marking a notable increase from…