Real Time Financial News Website
Nigeria has been advised to take full advantage of the $11.3 million African Development Bank (AfDB) renewable energy financing by focusing on tailored energy solutions that address the country’s unique…
Nigeria’s crude oil production has recorded a significant rebound, reaching a peak of 1.84 million barrels per day (mbpd), according to the Nigerian National Petroleum Company Limited. The state oil…
Nigeria’s electricity sector faced mounting financial pressure in the fourth quarter of 2025, as the Federal Government’s power subsidy rose to N418.79bn, even while inefficiencies across the value chain pushed…
President Bola Tinubu is expected to sign the ₦68.323 trillion 2026 national budget at any moment after it was officially transmitted to him by the National Assembly. The development signals…
The Federal Government has announced plans to pursue cheaper funding and stronger international financial support as escalating global tensions continue to strain Nigeria’s economy. Officials say the move is aimed…
The Nigerian equities market opened the week on a positive note as renewed buying interest in medium and large-cap stocks pushed the Nigerian Exchange Limited (NGX) to a total market…
The Nigerian stock market opened the week on a positive note as the Nigerian Exchange Limited (NGX) recorded a strong rebound, with market capitalisation jumping by N443 billion. The rally…
Africa’s share of global foreign direct investment (FDI) has remained trapped between 4% and 6%, according to a new report by the Pan-African Manufacturers Association (PAMA). The findings, published in…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is heading into the 2026 Spring Meetings of the International Monetary Fund and the World Bank in Washington…
The Nigerian stock market opened the week on a positive note as the NGX All-Share Index rose to 204,458.9 points on Monday, 13 April 2026, marking a significant milestone as…
Nigeria’s crude oil production recorded a slight improvement in March 2026, rising to 1.38 million barrels per day (bpd), according to the latest monthly oil market report released by the…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch Ratings. The agency said the outlook reflects ongoing external pressures…
Global smartphone shipments fell by 6 percent year-on-year in the first quarter of 2026, marking one of the steepest quarterly declines in recent years. The drop has been linked to…
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates (UAE) and India emerging as the country’s leading export destinations.…
Asia-Pacific markets closed mostly higher on Tuesday as investors held onto cautious optimism that a diplomatic breakthrough between the United States and Iran could still be within reach. The fragile…
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March 2026, exporting 44,000 barrels per day of gasoline. For the…
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that focuses on lifestyle and spending habits. Rather than relying solely…
European stock markets opened higher on Tuesday, buoyed by renewed optimism that diplomatic talks between the United States and Iran could resume despite escalating tensions in the Middle East. Investors…
Nigeria is on the brink of a landmark financial moment as Aliko Dangote moves forward with plans to list the Dangote Petroleum Refinery & Petrochemicals in what could become Africa’s…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by regulators approaches. The reform is reshaping how insurers operate, forcing…
Global financial markets ended the week on a mixed but cautiously optimistic note, as stocks rose across major indices while oil prices dropped sharply. The shift came after reports of…
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel mark following escalating geopolitical tensions in the Middle East. A reported naval blockade of…
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36 trillion. The rally was largely driven by sustained bargain hunting…
Ellah Lakes Plc has reported a sharp rise in performance, growing its total revenue to N146.7 billion over a 17-month period as the agribusiness company expands its footprint across oil…
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight measures for virtual asset service providers and fintech platforms. The…
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity pressures eased following the festive season spending surge. The development…
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951 megawatts to 4,300 megawatts between March 28 and April 10. Officials say the growth reflects…
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a sweeping reform agenda aimed at boosting crude…
A fraud prevention and compliance expert, Blessing Umoh, has called for stronger ethical leadership and improved compliance systems in the rapidly evolving digital finance sector. She stressed that financial institutions…
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite ongoing economic reforms aimed at strengthening stability in the foreign…