Real Time Financial News Website
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar, as pressure intensified in the foreign exchange market. Fresh data from the Central Bank…
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate earnings and the unexpected decision by the United Arab Emirates to exit the OPEC oil…
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC) operators to the official foreign exchange (FX) market, citing persistent…
Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9 billion, translating to N1.78 per share for the financial year ended December 31,…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at the end of last week. The latest depreciation reflects ongoing pressure in…
Nigeria’s economic managers are standing firm on their long-term goal of achieving single-digit inflation, even as global instability and fresh domestic price pressures continue to challenge progress. Central Bank of…
Nigeria’s digital media landscape has experienced a major shake-up, with audience traffic dropping by 26.2% in 2025. According to the SquirrelPR RANKED 2026 Report released on Monday, total visits to…
China has officially blocked Meta’s proposed $2 billion acquisition of the AI startup Manus, marking a major escalation in the ongoing technology rivalry between China and the United States. The…
China’s top economic regulator, the National Development and Reform Commission (NDRC), has officially blocked Meta’s $2 billion acquisition of the AI startup Manus, bringing a dramatic halt to one of…
The US dollar weakened on Monday as global markets reacted to shifting geopolitical signals from the Middle East and growing anticipation ahead of key central bank meetings this week. Investors…
European stock markets edged higher on Tuesday as investors reacted cautiously to geopolitical developments involving U.S. President Donald Trump and a reported Iran peace proposal linked to potential changes around…
The Nigerian stock market opened the week on a bearish note as investors lost about N1.365 trillion in market value following a wave of sell pressure, particularly in major banking…
Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond auction attracted a total of N948 billion in investor bids, significantly higher than…
Nigeria’s stock market has recorded its strongest quarter in history, with total transactions surging to N4.14 trillion in the first quarter of 2026. This marks more than double the value…
Nigerian crude oil has surged to its highest levels in recent years, with benchmark grades trading above $113 per barrel as global energy markets react to escalating tensions around the…
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising the prices of petrol and diesel supplied to the Nigerian market. The official…
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement that removes lingering legal tension tied to OpenAI’s expanding relationship…
Nigeria’s federal government is considering a major shift in aviation fuel pricing as a technical committee recommends including Jet A1 in the naira-for-crude initiative. The proposal is aimed at easing…
Nigeria’s data protection regulator has clarified that the widely reported cancellation of a $32.8 million fine against Meta Platforms Inc. did not occur. Instead, the Nigeria Data Protection Commission (NDPC)…
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years as investors increasingly bet on medium-term opportunities while steering clear of short-term…
Nigeria’s crude oil production has climbed to 1.71 million barrels per day between April 2025 and April 2026, marking its highest level in five years, according to the NNPC Limited.…
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global financial markets face renewed uncertainty. According to a report by United…
Financial analysts are projecting another positive week for the Nigerian equities market, as fresh dividend inflows and rising optimism around first-quarter (Q1) earnings continue to strengthen investor appetite. The improved…
Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive trading sessions. The rally was driven by strong investor appetite, improved liquidity conditions, and…
The Central Securities Clearing System Plc (CSCS) has reaffirmed its commitment to strengthening Nigeria’s capital market infrastructure through sustained investments in technology and improved operational efficiency. The company says the…
United Capital Group has approved a total dividend payout of N18 billion for the 2025 financial year, rewarding shareholders with stronger returns following a year of solid financial performance. The…
Asia-Pacific stock markets mostly climbed on Monday, with Japan and South Korea leading the charge as investors appeared largely unfazed by renewed diplomatic tensions between the United States and Iran.…
The Nigeria Revenue Service (NRS) has debunked a viral social media infographic suggesting that the Federal Government has introduced a new tax on vehicles. The agency described the claim as…
President Bola Ahmed Tinubu has commended the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for his ongoing financial sector reforms, describing them as bold steps that are…
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the foreign exchange market and control inflation by mopping up an estimated N2.8 trillion from the banking system…