Real Time Financial News Website
Nigeria’s federal revenue landscape is undergoing a historic transformation, with tax and non-oil income increasingly driving government finances. According to a new report by Quartus Economics, tax revenue has grown…
The Federal Government of Nigeria has raised its borrowing plan for 2026 to N29.2 trillion, reflecting a sharp increase in the nation’s fiscal deficit. The new figure, detailed in the…
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora remittances are received across the country. Starting May 1, all international money…
The African Development Bank (AfDB) has approved $11.3 million in renewable energy funding to expand electricity access in Nigeria and 13 other African nations. The program targets underserved and fragile…
Asia-Pacific markets traded mixed on Tuesday as investors navigated growing geopolitical uncertainty surrounding the U.S.-Iran conflict. The trading session reflected cautious sentiment, with major indices showing modest gains and losses…
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to four days ahead of the Easter public holidays. With the federal…
Africa Prudential Plc has reaffirmed its financial resilience and growth momentum, sustaining strong returns while deepening its digital footprint, despite ongoing macroeconomic pressures. The announcement was made at the company’s…
Ghana’s thriving stock market is drawing increasing attention, but it’s also triggering regulatory warnings. The Securities and Exchange Commission (SEC) has raised concerns about a growing number of unlicensed individuals…
African economies are facing a sharp financial strain as global oil prices surge by over 50 percent, pushing crude above $100 per barrel amid the ongoing US-Israel-Iran conflict. The African…
The Nigerian business economy is under renewed strain as the ongoing war between the United States and Iran, which erupted on February 28, continues to ripple through local markets. Traders…
The United Nations has issued a stark warning to United States President Donald Trump, cautioning that his threats to attack Iran’s civilian infrastructure could breach international law. The warning comes…
U.S. Treasury yields held steady on Monday as investors weighed a surprisingly strong March jobs report against rising geopolitical tensions in the Middle East. The calm in the bond market…
Nigeria’s foreign reserves have declined by about $850 million within three weeks, raising fresh concerns among forex traders and market watchers about mounting economic pressures. Data from the Central Bank…
Asia-Pacific markets experienced sharp losses on Thursday, reversing earlier gains, as oil prices surged following a high-stakes address from U.S. President Donald Trump on the Iran conflict. Major indexes across…
Ghana’s financial landscape is seeing a welcome shift as the Ghana Reference Rate (GRR) falls to 10.06% in April 2026, down from 11.71% in March. The benchmark, which banks use…
Nigeria’s economy maintained its growth streak in March 2026, with the Central Bank of Nigeria (CBN) reporting a composite Purchasing Managers’ Index (PMI) of 53.2 points. This marks 16 consecutive…
The Nigerian Exchange Group (NGX Group) convened a high-level gathering of chief executives and senior representatives from Africa’s leading capital markets in Lagos, aiming to accelerate cross-border listings and promote…
Google has teamed up with Slum2School Africa and top Nigerian creators to bring the magic of local stories to children through a unique folktale coloring book. The project, titled “Stories…
The federal government is accelerating its push toward an export-driven economic model, with Finance and Coordinating Minister Wale Edun emphasizing that Nigeria must reposition itself as a major player in…
The Nigerian stock market opened the second quarter of 2026 on a high note, recording a significant N599 billion gain driven mainly by a rebound in tier-1 banking stocks. Guaranty…
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation Committee (FAAC) have soared by 161% over the past three years. Analysts warn that this…
The Nigerian National Petroleum Company Limited (NNPC) has successfully exported 950,000 barrels of the newly developed Cawthorne blend crude, marking a historic moment for the nation’s oil sector. The shipment,…
President Bola Tinubu’s Naira-for-Crude initiative has helped Nigeria maintain a stable supply of petroleum products, even as countries worldwide face severe fuel shortages amid the Iran-Israel-US conflict in the Middle…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially confirmed the country’s total petroleum reserves at 37.01 billion barrels of crude oil and condensate, alongside 215.19 trillion cubic feet (TCF)…
The Central Bank of Nigeria (CBN) has confirmed that 33 banks successfully met the revised minimum capital requirements under its recently concluded recapitalization program. Over the 24-month initiative, Nigerian banks…
Nigeria’s capital importation surged to $6.44 billion in the fourth quarter of 2025, pushing total inflows for the year to $23.22 billion, nearly double the $12.32 billion recorded in 2024,…
Oil prices jumped sharply on Thursday, climbing more than 5% after U.S. President Donald Trump signalled that the United States would maintain its military offensive against Iran for the next…
The Bank of Ghana (BoG) has revealed that one of the two banks yet to meet the minimum capital requirement is planning to list on the Ghana Stock Exchange (GSE)…
The Ghana Stock Exchange (GSE) ended the first quarter of 2026 on a weaker note, as losses in banking stocks outweighed gains in the telecommunications sector. The benchmark GSE Composite…
Nigeria’s agriculture sector is set for a major boost following the World Bank’s approval of a $500 million credit facility aimed at improving productivity, strengthening value chains, and enhancing food…