Real Time Financial News Website
The Central Bank of Nigeria (CBN) is set to significantly ramp up its liquidity management efforts in the third quarter of 2026, with plans to raise N5.8 trillion through Nigerian…
Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), offering fresh hope to millions of Nigerians grappling with high transportation and living costs. The…
Dangote Cement Plc has rewarded its shareholders with a historic dividend payout after announcing a 50 per cent increase in its dividend, raising it from N30 to N45 per share.…
The Nigerian Exchange (NGX) recorded another difficult trading session on Thursday as investors lost an estimated N877.9 billion following widespread sell-offs across key sectors of the market. The NGX All-Share…
Dun & Bradstreet has entered a strategic partnership with artificial intelligence company Anthropic to enhance compliance and business verification processes through AI-powered technology. The collaboration will see Dun & Bradstreet’s…
Arahas Global Oilfield Services has appointed renowned energy executive Folake Soetan as its new Managing Director, marking a major step in the company’s strategy to transform oilfield services delivery across…
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant decline in revenue in May 2026, raising fresh concerns about the financial pressures facing the country’s…
Despite recent volatility on the Nigerian Exchange (NGX), investors have something positive to look forward to in July 2026 as seven listed companies prepare to distribute dividends to shareholders. The…
Nigeria’s currency market showed signs of growing resilience in June 2026 as the naira recorded only a marginal decline despite a significant increase in foreign exchange trading activity. Data from…
The Nigerian stock market began the month of July on a weak footing, wiping out N2.39 trillion in investor wealth as persistent selling pressure triggered a broad market decline. The…
President Bola Tinubu has reaffirmed Nigeria’s commitment to driving Africa’s digital trade revolution, saying his administration is implementing key reforms to remove trade barriers, modernise border operations and unlock the…
U.S. stock futures traded cautiously on Thursday as investors awaited the release of a crucial employment report that could provide fresh clues about the direction of the economy and the…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their inability to meet key regulatory and operational requirements. The decision,…
The African Export-Import Bank (Afreximbank) has revealed that about 80 per cent of its balance sheet is currently invested in loans and development projects across Africa, highlighting its strong commitment…
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment and delivery obligations involving troubled banks and financial institutions to a maximum…
The International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal reporting, revealing that public spending equivalent to about 2% of the country’s Gross Domestic Product (GDP) was omitted from…
Nigeria’s consumer credit market suffered a major setback in February 2026, with total outstanding consumer loans dropping sharply to N3.03 trillion from N3.81 trillion recorded in January. According to the…
Nigeria has been ranked as the highest-performing economy in Africa on the economic performance pillar of the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, reinforcing the country’s…
Nigeria’s stock market ended June on a positive note as renewed investor interest in Airtel Africa and other blue-chip stocks helped the Nigerian Exchange (NGX) recover from recent losses. The…
Wall Street looked set for a cautious start to July as U.S. stock futures slipped on Wednesday, following an impressive first-half performance that saw major indexes post some of their…
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, a move that has reignited public debate…
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is a strategic move designed to lower borrowing costs and improve…
Nigeria’s reliance on cash remains remarkably strong, as new data from the Central Bank of Nigeria (CBN) shows that cash held outside the banking system surged to N5.19 trillion in…
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase its total refining capacity to 2.1 million barrels per day (BPD), backed by a massive…
Elon Musk has once again crossed the trillion-dollar wealth mark after a strong rally in the shares of SpaceX and Tesla added more than $60 billion to his fortune. The…
The Nigerian naira closed June 2026 at N1,376 against the United States dollar in the official foreign exchange market, ending the month slightly weaker despite experiencing notable fluctuations throughout the…
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s decision to import its first-ever crude cargoes from the United Arab Emirates (UAE). The move…
Nigeria is taking significant steps toward re-entering the international debt market as the Debt Management Office (DMO) begins preparations for the country’s first Eurobond sale since November 2025. The agency…
Nigeria has emerged as the highest-performing African economy in the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia, and Botswana in the…
The World Bank has announced plans to phase out lending to China by 2031, signaling a significant change in its long-standing relationship with the world’s second-largest economy. The move, outlined…