Real Time Financial News Website
Nigeria’s fast-growing digital economy is facing increasing threats as cybersecurity experts warn of a surge in sophisticated cyberattacks targeting financial institutions and public databases. A UK-based data protection lawyer, Temidayo…
The International Monetary Fund (IMF) has backed Nigeria’s recent bank recapitalisation exercise, praising the Central Bank of Nigeria (CBN) for strengthening the financial system at a time of global uncertainty.…
The Nigerian equities market recorded a strong week of trading as the oil and gas sector emerged as the biggest gainer on the Nigerian Exchange Limited (NGX), climbing 17.59%. The…
The Federal Government has pushed back against claims suggesting there is “hidden spending” within Nigeria’s federation revenues, following interpretations of a recent World Bank report. In a statement released on…
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid renewed global uncertainty driven by rising tensions between the United…
The Central Bank of Nigeria (CBN) has stated that its recent economic reforms have played a key role in shielding Nigerians from the worst effects of global economic disruptions. According…
Hopes for a significant petrol price drop in Nigeria have faded following renewed tensions in the Strait of Hormuz, a critical global oil route. The brief optimism that fuel prices…
The Nigerian Exchange (NGX) has activated trading codes for the rights issues of Guinea Insurance Plc, Lasaco Assurance Plc, and Sunu Assurances Nigeria Plc, signaling a renewed push by insurance…
European markets began the week on a cautious note, slipping into negative territory as renewed tensions in the Gulf region unsettled investors. The downturn follows weekend developments involving the United…
Nigeria’s stock market recorded a strong week of activity as the Nigerian Exchange Limited (NGX) announced that traders exchanged shares worth N195.31 billion within five trading days. According to the…
Nigeria is ramping up efforts to address its massive infrastructure deficit by targeting about $100 billion in annual spending, as the country increasingly turns to public-private partnerships (PPPs) to bridge…
Nigeria is ramping up efforts to close its massive infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043, according to the Infrastructure Concession Regulatory Commission (ICRC). The agency says…
The Nigeria Revenue Service (NRS) has announced plans to launch its next-generation revenue administration platform, Rev360, in a move aimed at modernizing Nigeria’s tax system. The platform is scheduled to…
Crude oil prices edged higher on Thursday, with West Texas Intermediate (WTI) trading close to $92 per barrel and Brent crude surpassing $95, as markets reacted to renewed optimism surrounding…
European stocks ended Friday’s session in mixed territory as investors remained cautious amid ongoing geopolitical tensions linked to the Iran conflict. Sentiment across global markets was fragile, with traders closely…
The Central Bank of Nigeria (CBN) has stepped up its liquidity management drive, mopping up a total of N4.48 trillion from the banking system within two Open Market Operations (OMO)…
Guinness Nigeria Plc has made a strong comeback to profitability, marking a major milestone in its recovery journey with the declaration of a N2 interim dividend per ordinary share. The…
The Nigerian Exchange (NGX) recorded a strong upswing in market performance as bullish sentiment continued to dominate trading activities, lifting the total market capitalisation by N1.66tn. The market opened at…
The African Export-Import Bank (Afreximbank) has reported strong financial results for the 2025 fiscal year, posting solid growth in profitability and expanding its balance sheet to support trade financing across…
Nigerian Breweries Plc says its sharp share price rally is a clear sign that investors are regaining confidence in the company after a difficult financial period. The brewer’s Managing Director/CEO,…
The African Development Bank (AfDB) Group has approved a $200 million loan to support Nigeria’s ambitious Digital Value Chain Infrastructure for Boosting Employment (D-VIBE) project, a major initiative designed to…
The Nigerian Senate has intensified its oversight of the Nigerian National Petroleum Company Limited (NNPCL), demanding full accountability over an alleged ₦210 trillion unaccounted for in audit reports spanning 2017…
The International Energy Agency (IEA) has raised alarm that Europe may have as little as six weeks of jet fuel left, as tensions in the Middle East continue to disrupt…
Oando Plc has announced that its joint venture with NNPC E&P Limited has officially begun gas delivery to a newly commissioned 60-megawatt independent power project located in Yenagoa, Bayelsa State.…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not considering borrowing from the International Monetary Fund (IMF). He made…
Aliko Dangote, founder and president of the Dangote Group, has raised concerns that foreign interests are actively working against Africa’s economic progress. Speaking at the Investing in Africa forum during…
Asia-Pacific markets mostly closed lower on Friday, as cautious optimism surrounding a fragile Middle East ceasefire failed to fully reassure investors. The subdued performance stood in contrast to Wall Street’s…
The Ghana Stock Exchange (GSE) extended its bullish run for a third straight session on Wednesday, pushing total market capitalisation to GH¢256.44 billion. The gain reflects renewed investor confidence, with…
There are strong indications that contractors owed by the Federal Government for capital projects may soon begin receiving payments, as members of the House of Representatives say disbursement could commence…
Nigeria’s economy is entering 2026 with a mixed outlook as new fiscal policy measures ease import duties on essential goods, offering some relief to businesses and consumers. The 2026 Fiscal…