Real Time Financial News Website
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a sharp 43.03% increase from N1.99 trillion in 2024. This surge highlights a growing reliance…
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green hydrogen projects across Africa. Unveiled on April 8, 2026, via the bank’s official website,…
In a surprising reversal, the Dangote Petroleum Refinery & Petrochemicals has cut the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre. This comes just a day after…
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed to power-generating companies. In its latest Nigeria Development Update, the global lender noted…
Agricultural Development Bank (ADB) PLC has delivered a remarkable financial turnaround, posting a profit after tax of GH¢367.2 million for 2025, according to its audited financial statements. This represents a…
Nigeria’s Bonny Light crude has tumbled by 14.2%, falling to $94.41 per barrel from $110 per barrel, following the announcement of a two-week ceasefire between the United States and Iran.…
Nigeria’s power sector contributed N62.12 billion in Company Income Tax in 2025, according to the National Bureau of Statistics (NBS). The figure marks a decline from the N77.97 billion recorded…
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline, raising hopes of a petrol price drop across the country. Brent…
Nigeria’s stock market is experiencing a strong resurgence as renewed global investor confidence drives a rally in major equities, including Seplat Energy, GTCO, and Zenith Bank. The Nigerian Exchange (NGX)…
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31, 2025, reaching N7.19 billion, up from N5.19 billion in 2024. The increase…
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April 2026 issuance of the Federal Government Savings Bonds, offering interest rates of…
The Nigerian equities market started the new trading week on a strong note, recording a gain of N209 billion in market capitalization. The overall market cap surpassed N130 trillion, reflecting…
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond auctions in the first quarter of 2026, according to the Debt Management Office (DMO). The figures…
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest Nigeria Development Update, the institution projected that escalating fuel costs could…
Nigeria is undergoing a major fiscal transformation as tax revenues now account for an unprecedented 87% of total federation earnings, signaling a decisive move away from decades-long reliance on crude…
Global renewable energy capacity reached an all-time high in 2025, surging to 5,149 gigawatts (GW) with the addition of 692 GW, according to the latest International Renewable Energy Agency (IRENA)…
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s external reserves fell by approximately $850 million within three weeks, according to data…
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing N1,275 per litre and diesel jumping to N1,950 per litre. The increases come…
Nigerian oil prices tumbled below $95 per barrel on Wednesday following news that Iran agreed to a temporary ceasefire with the United States, reopening the Strait of Hormuz for two…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade, Cawthorne, with an initial shipment of 950,000 barrels. According to Andy Odeh, NNPC’s Chief…
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak that threatens the country’s public finances. According to the April 2026…
Ghana’s economy is showing signs of recovery, according to a recent report by S&P Global Ratings, which affirmed the country’s sovereign credit rating at ‘B-/B’ with a stable outlook. The…
European markets rallied strongly on Wednesday, with stocks surging nearly 4% after news of a conditional ceasefire agreement between the United States and Iran lifted global investor sentiment. The pan-European…
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach N29.43 trillion, the highest monthly growth since the Contributory Pension Scheme (CPS) began over…
Nigeria may need to reopen its doors to petrol imports as rising global energy costs and supply constraints continue to push fuel prices higher, the World Bank has warned. In…
Nigeria has officially regained its Frontier Market status, marking a significant turnaround for the country’s capital market and restoring global investor confidence. The upgrade was announced by FTSE Russell in…
Nigeria has once again been excluded from the latest crude oil production increase by the Organisation of Petroleum Exporting Countries and allies (OPEC+). While some member countries announced boosts for…
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh controversy, with power generation companies (GenCos) saying they have yet to receive payments despite…
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per cent of federally collected funds, according to a March 2026 report…
Eight of Nigeria’s major power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc, have signed onto President Bola Tinubu’s N3.3 trillion debt settlement program, signaling a major…