Real Time Financial News Website
The International Monetary Fund (IMF) is preparing to revise down its global economic growth forecast, warning that escalating tensions between the United States and Iran are creating fresh instability in…
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further liberalise its downstream petroleum sector, arguing that the proposal contradicts…
Global crude oil prices surged sharply on Monday, April 13, rising by more than 7% after the United States announced a naval blockade of the Strait of Hormuz. The move,…
Asian markets opened the week on a weaker note as investors reacted to escalating geopolitical tensions in the Middle East, particularly following the United States’ move toward a naval blockade…
European markets began the week on a cautious note, slipping into negative territory as investors reacted to renewed geopolitical tensions in the Middle East. The pan-European STOXX Europe 600 dropped…
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed at easing food prices and supporting economic stability. Under the…
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country from “Unclassified” to “Frontier Market” status. The move quickly reignited…
Nigeria’s growing exposure to global economic shocks has come into sharp focus amid the ongoing tensions involving Iran, the United States, and Israel, prompting renewed calls for stronger local capacity.…
The US dollar struggled to regain stability on Thursday as global investors reacted cautiously to uncertainty surrounding the fragile ceasefire between the United States and Iran. After recording broad losses…
The Ghana Stock Exchange (GSE) ended Thursday’s trading session on a mixed note, as gains in banking and insurance stocks were offset by notable declines in major counters like Access…
Ghana has announced a major policy shift aimed at easing pressure on consumers, as the government moves to remove several fuel taxes and levies along the supply chain. The decision…
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of fuel by introducing a crude subsidy framework for domestic refineries.…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence (AI) and digital transformation as part of efforts to reduce production costs and boost…
The naira appreciated to ₦1,365 per dollar on Thursday, extending gains as the U.S. dollar weakened across global markets. The local currency improved from ₦1,369/$ recorded on Wednesday, according to…
The Nigerian equities market extended its bullish run on April 9, 2026, as the All-Share Index climbed 0.28% to close at a historic 203,161.8 points, officially breaking above the 203,000…
The Nigerian equities market ended Thursday’s trading session on a positive note, as a late surge in banking stocks pushed the Nigerian Exchange Limited (NGX) higher. The All-Share Index rose…
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a major boost in Nigeria’s energy sector, attracting over $10bn in new upstream oil investment. The…
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking following the conclusion of the country’s banking sector recapitalisation exercise. The regulator warned that stronger…
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market on Thursday, April 9, 2026. Despite fluctuations in global currency…
Nigeria’s poverty rate climbed to 63% in 2025, even as inflation showed signs of easing, according to a new World Bank report. The findings highlight a widening gap between macroeconomic…
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance Policyholders’ Protection Fund (IPPF), marking a major regulatory shift aimed…
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits, a move expected to boost government revenue while reshaping competition…
Emerging-market economies are undergoing a major financial shift as companies and governments increasingly rely on nonbank capital flows to fund growth, the International Monetary Fund (IMF) has revealed. While this…
Nigeria’s crude oil production has climbed sharply to 1.84 million barrels per day (bpd) in 2025, marking a significant recovery from the 960,000 bpd recorded in 2022. The Nigerian National…
The Nigerian National Petroleum Company Limited (NNPC) is accelerating the adoption of artificial intelligence (AI) in its upstream operations as part of a broader strategy to increase Nigeria’s oil production…
Intra-African trade is projected to reach $230 billion by 2026, driven largely by the accelerated implementation of the African Continental Free Trade Area (AfCFTA), according to a new report by…
Nigeria’s crude oil production has surged from a historic low of 960,000 barrels per day (bpd) in 2022 to an average of 1.71 million bpd, with a peak of 1.84…
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian Exchange (NGX) and the country’s capital market. The announcement marks…
The World Bank has revised Nigeria’s economic growth forecast for 2026 downward to 4.1 percent, reflecting persistent global uncertainties and domestic structural challenges. This marks a decline from the bank’s…
Stakeholders in Nigeria’s oil sector are advocating for stronger strategic partnerships between host communities, oil and gas companies, regulators, and government agencies to drive the successful implementation of the Petroleum…