Real Time Financial News Website
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote Petroleum Refinery will generate about 95,000 skilled jobs at its peak construction phase. The…
Global gas pricing trends are creating new opportunities for gas-producing nations, with Nigeria emerging as a key potential beneficiary. However, industry experts warn that the country’s ability to fully capitalise…
Europe has become a major destination for oil released from the U.S. Strategic Petroleum Reserve (SPR), as global energy markets remain under pressure from geopolitical tensions and supply disruptions. The…
Stakeholders across Nigeria’s financial and technology sectors gathered in Lagos over the weekend for the Fintech Summit 2026, where conversations focused on how innovation, data, and emerging technologies are reshaping…
The battle for artificial intelligence dominance is reshaping the global tech workforce, with several top executives from major software companies such as Salesforce, Snowflake, Palantir, and Datadog recently joining AI…
The Nigerian National Petroleum Company Limited (NNPC) has dismissed reports circulating online and in some circles claiming it is selling scrap materials and equipment from its refineries. The company described…
Nigeria’s largest listed companies have set a new tax record, collectively paying N2.32 trillion in corporate income taxes in 2025, according to industry data. This marks a sharp 86 percent…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has encouraged members of the Crude Oil Refinery Owners Association of Nigeria (CORAN) to consider acquiring oil blocks in future licensing rounds. The…
The Nigerian Exchange Limited (NGX) recorded a stronger trading week as investors exchanged a total of 3.8 billion shares worth N213.95 billion in 297,202 deals over five trading sessions. The…
Aliko Dangote, chairman of the Dangote Group, recently met with Yousef bin Mohammed Al-Balawi to discuss expanding investment opportunities in energy and infrastructure. The meeting signals a growing interest in…
European stock markets opened the week on a cautious note, with trading mixed as investors weighed fresh geopolitical developments involving Iran and the United States. The pan-European STOXX Europe 600…
Nigeria’s crude oil grades have rallied sharply as tensions in the Middle East continue to disrupt global energy supply chains. The ongoing standoff between the United States and Iran, alongside…
A fresh alleged data breach has surfaced in Nigeria’s financial sector, with Fast Credit Finance Company Limited reportedly targeted by cybercriminals. The lending firm, licensed by the Central Bank of…
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed buying interest in blue-chip companies pushed the overall market capitalisation above…
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total turnover hitting N193.2 trillion on the FMDQ Exchange. The figure reflects sustained…
European stock markets slipped on Friday as renewed uncertainty around U.S.–Iran peace negotiations dampened investor sentiment across the region. Despite the broader decline, optimism in the energy sector and a…
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance value addition across the country’s raw materials value chain. The move is…
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue to choke progress, even after states collectively spent about ₦128 billion on export infrastructure…
Africa’s richest man, Aliko Dangote, has announced plans to construct a new 650,000 barrels-per-day refinery in East Africa, marking a major expansion of his industrial footprint beyond Nigeria. The move…
Nigeria’s upstream oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has taken the Federal High Court’s recent decision on the Dawes Island marginal field to the appellate court. The…
Lithium markets are heading toward a potential supply squeeze as analysts warn that a global deficit could emerge as early as 2026 and possibly persist into 2035. Despite earlier expectations…
Meta Platforms is set to reduce its global workforce by about 10%, a move that will affect roughly 8,000 employees, according to a Bloomberg report. The planned layoffs are part…
The Dangote Refinery and Petrochemicals has been described as a major stabilising force in Nigeria’s aviation sector, supplying over 95% of the country’s Jet A1 fuel needs while also expanding…
Oil prices climbed sharply to over $105 per barrel on Thursday, reversing earlier losses as renewed tensions between Iran and the United States disrupted stability around the strategic Strait of…
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026, supported by strong investor appetite that pushed total subscriptions far above…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing ATM debit and credit cards from N1,000 to N1,500. The…
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as external reserves dipped to $48.48 billion. Data from the Central…
Sierra Leone has taken a major step toward revitalizing its oil and gas industry, signing a $225 million offshore exploration and production agreement with Nigeria-based Marginal Energy Limited. The deal…
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on the national grid. This shift reflects growing confidence in smaller,…
Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), has directed mobile operators to compensate subscribers affected by poor network service, marking a major step toward stronger consumer protection in the…