Real Time Financial News Website
Nigeria’s taxpayer register has expanded dramatically from 10 million to 100 million, marking one of the most significant shifts in the country’s fiscal structure. While officials describe the development as…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when needed, warning that delays could worsen economic instability and deepen…
Nigeria’s oil sector recorded a major turning point in March 2026 as the Dangote Petroleum Refinery exported about 434 million litres of Premium Motor Spirit (petrol), signaling a growing shift…
Nigeria’s electricity crisis has deepened after new data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 9,536 megawatts of installed power generation capacity remained unused in March. Out of…
The Nigerian Senate has issued a firm deadline to the Nigerian National Petroleum Company Limited (NNPCL), ordering its management to appear before the Senate Committee on Public Accounts by April…
The Securities and Exchange Commission (SEC) has proposed a new minimum paid-up share capital of N7.5 billion for Free Trade Zone Entities (FTZEs) seeking to raise funds through Nigeria’s capital…
Nigerian crude oil has surged sharply on the global market, with Brass River trading at around $113 per barrel, significantly outperforming Brent crude, which fell below the $95 mark. The…
Aliko Dangote has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his status as one of Africa’s most powerful industrial leaders. The announcement,…
The Federal Government has firmly ruled out any return of petrol subsidy in Nigeria, even as global oil prices continue to surge due to rising geopolitical tensions in the Middle…
European stocks rose modestly on Thursday as investors reacted to stronger-than-expected UK economic growth and growing optimism around diplomatic efforts linked to Iran peace negotiations. The positive tone in global…
Snapchat’s parent company, Snap Inc., has announced plans to lay off about 16% of its global workforce, affecting roughly 1,000 employees, as part of a major restructuring effort aimed at…
The naira continued its upward movement on Wednesday, closing at N1,341.99/$ at the official foreign exchange market—its strongest level since February 18, 2026. Data from the Central Bank of Nigeria…
Nigeria’s inflation rate is projected to rise in March 2026, signaling an end to nearly a year of easing price pressures, as the ripple effects of the escalating US-Iran conflict…
Petrol consumption in Nigeria fell significantly in March 2026, dropping to an average of 47.3 million litres per day from 56.9 million litres in February. The Nigerian Midstream and Downstream…
Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to surpass the N10,000 per share mark. The stock closed at N10,450 per unit,…
Nigeria’s rising federation revenue has come with a hidden cost. Although total earnings hit about N84tn over the past three years, a staggering 41 per cent was deducted at source…
Nigeria is undergoing what economists describe as a “silent currency redenomination,” not through official policy, but through inflation and changing consumer behavior. Without any announcement from the Central Bank of…
The Central Bank of Nigeria (CBN) has introduced a new proposal that could significantly change how lending disputes are handled in the country’s financial system. Under the plan, creditors and…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has described the Dangote Refinery as a major positive development for Nigeria’s energy sector, saying it should be supported as…
Nigeria and Morocco are moving closer to sealing a major energy agreement as both countries prepare to sign a $25 billion intergovernmental deal for the long-anticipated Nigeria-Morocco gas pipeline project…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a major financial breakthrough in 2025, posting a year-on-year revenue increase of N15.4 trillion. The company’s total revenue rose to…
In Nigeria, the fixed income market delivered a mixed performance in March 2026, as investors weighed easing liquidity conditions and moderating inflation against rising global uncertainties. While domestic demand for…
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed at making collaborative investing easier for families, business partners, and…
Ghana has placed its economic recovery story on the global stage at the ongoing IMF and World Bank Spring Meetings hosted by the International Monetary Fund and the World Bank…
The Nigerian Exchange (NGX) extended its bullish momentum on Tuesday as investor confidence pushed the market to a fresh milestone. The total market capitalisation jumped by N883bn, closing at N132.492tn,…
The naira appreciated to N1,348 per dollar on Tuesday in the official foreign exchange market, marking a mild but notable gain as the U.S. dollar weakened to its lowest level…
Nigeria’s total public debt climbed to N159.28 trillion as of December 31, 2025, according to fresh data released by the Debt Management Office (DMO). The increase reflects a steady rise…
European equities opened in mixed territory on Wednesday as investors weighed rising geopolitical uncertainty linked to the ongoing U.S.–Iran conflict and its potential impact on global oil supply and economic…
Nigeria’s economic outlook has taken a cautious turn as the International Monetary Fund (IMF) reduced the country’s 2026 growth forecast to 4.1 percent, down from an earlier projection of 4.4…
The Nigeria Revenue Service (NRS) has been urged to embrace technology and strengthen institutional efficiency to sustain its recent revenue growth and improve service delivery across the country. This call…