Real Time Financial News Website
The rollout of 5G across Africa is making headlines, but mobile operators are finding that faster speeds and more affordable devices don’t automatically translate into profits. A recent GSMA Intelligence…
The Nigerian stock market reached an unprecedented milestone on Wednesday as the All-Share Index (ASI) surged past the 200,000-point mark, closing at a record 200,957.89 points. This growth of 0.27…
Dangote Petroleum Refinery has announced a significant reduction in its ex-gantry petrol price, bringing it down to N1,200 per litre, according to a statement released on Thursday. The refinery also…
The Nigerian stock market saw modest gains on Thursday, March 26, 2026, as the All-Share Index edged up by 32 points to close at 200,957.9. Despite relatively low trading activity,…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have successfully met the revised minimum capital requirements under the ongoing recapitalisation programme. Speaking…
The naira on Thursday strengthened across Nigeria’s foreign exchange (FX) markets, reaching a five-month high, as liquidity improved following a Central Bank of Nigeria (CBN) directive on diaspora remittance flows.…
European stock markets are expected to open higher on Friday following U.S. President Donald Trump’s announcement of an extension to the temporary halt on military strikes targeting Iran’s energy infrastructure.…
President Donald Trump has extended the deadline for Iran to reopen the Strait of Hormuz to April 6, pausing threatened strikes on Iranian energy facilities as behind-the-scenes diplomacy continues. The…
The World Bank Group has announced plans to support emerging economies grappling with the ripple effects of the ongoing Middle East conflict, as rising commodity prices and global supply chain…
Oil prices rebounded sharply on Thursday, recovering from a brief dip as fading hopes for a swift end to the Iran conflict reignited fears of prolonged disruption to global energy…
Global markets experienced a volatile start on Thursday, with stock futures slipping while oil prices surged as investors navigated the uncertain economic implications of a potential end to the Iran…
Africa’s financial sector risks fragmented growth unless countries work to integrate their systems and regulatory frameworks, the Governor of the Bank of Ghana, Johnson Asiama, has cautioned. Speaking at the…
Nigeria is witnessing a surge in interest for its liquefied natural gas (LNG) cargoes as global energy disruptions create new market opportunities. The Nigerian National Petroleum Corporation (NNPC) announced this…
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has significantly reduced approval times for…
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector recapitalisation programme, with N1.2 trillion sourced from foreign investors, the Governor of the…
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations (OMO) mop-up by the Central Bank of Nigeria (CBN), signaling persistent excess funds circulating…
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among African financial regulators to address growing cross-border risks. Speaking at the 4th…
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital shortfall, industry experts have warned. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the…
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International Oil Companies (IOCs), a move that allows them to access 100 percent of…
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in crude oil allocations under the Federal Government’s Crude-for-Naira programme. The refinery, Africa’s…
Artificial intelligence is accelerating the pace and scale of global crises beyond the capacity of institutions to respond, raising urgent concerns among experts. Stakeholders at the 2026 Crisis Management Advocacy…
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge in market activity in February 2026, with total turnover jumping by 78.93% month-on-month to N1.5 trillion. This represents a sharp increase…
The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the National Orientation Agency (NOA) to collaborate on nationwide campaigns aimed at combating illegal investment schemes,…
The Nigerian equities market reversed its recent gains on Wednesday, as sustained profit-taking in major banking stocks dragged the benchmark index lower, erasing billions in investor wealth. Data from the…
European markets are heading for a weaker open on Thursday, as investors react cautiously to uncertainty surrounding potential peace talks between Iran and the United States. The mixed signals coming…
Trade ministers from around the world have gathered in Yaoundé, Cameroon, for a high-stakes four-day summit aimed at reforming the World Trade Organization (WTO), as fears grow over the future…
Nigeria is witnessing a significant increase in demand for its liquefied natural gas (LNG), as global buyers rush to secure alternative energy supplies amid ongoing disruptions linked to the Middle…
Nigerian stocks posted a 1.4% gain this week despite shorter trading sessions due to the Eid-el-Fitr public holidays on Thursday and Friday. Analysts attribute the uptick to renewed interest in…
As artificial intelligence (AI) transforms industries worldwide, Nigeria is quietly stepping into the global AI economy through the rise of new tech roles. Jobs like data annotators, prompt engineers, AI…
The ongoing crisis in the Middle East continues to push global energy prices higher, with Brent crude oil surging past $100 a barrel, sparking fears of further increases in fuel…