Real Time Financial News Website
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional participation in Nigeria’s financial markets. The performance was highlighted in…
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum products, totaling 456,000 tonnes, to countries including Ghana, Togo, Côte d’Ivoire, Cameroon,…
Nigeria’s headline inflation dipped slightly to 15.06% year-on-year in February 2026, down from 15.10% in January, offering a glimmer of relief for policymakers and businesses. The Centre for the Promotion…
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX), highlighting the dominance of key blue-chip companies in Nigeria’s capital…
Analysts at Afrinvest West Africa have cautioned that Nigeria’s recent progress in taming inflation could be undone, projecting that headline inflation may rise to around 16% in the near term.…
Elon Musk has unveiled plans for a groundbreaking chip manufacturing initiative that will serve both Tesla and SpaceX. Speaking at an event in downtown Austin, Texas, Musk revealed a photo…
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a major shift toward domestic refining and export-driven growth. The latest Balance…
The Nigerian equities market is set for a strong week as investors show renewed confidence ahead of key earnings releases and dividend announcements. Analysts attribute the market’s bullish momentum to…
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the past two years, worsening the nation’s already fragile power sector. Billing inefficiencies and weak revenue collection…
Nigeria’s Securities and Exchange Commission (SEC) has set a strict six-week deadline for all capital market operators (CMOs) to submit board-approved recapitalization or license downgrade plans, intensifying its sweeping regulatory…
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024, according to the Central Bank of Nigeria’s Balance of Payments (BOP)…
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling fuel at around N1,333 per litre and some Abuja locations…
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the Central Bank of Nigeria’s (CBN) recapitalisation requirements, setting the stage…
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran intensify, sending shockwaves through global financial systems. Investors are reacting cautiously after Donald…
The Nigerian Exchange Limited (NGX) recorded a remarkable surge in trading activity last week, with investors exchanging 8.761 billion shares valued at N267.253bn in 193,473 deals—despite a shortened three-day trading…
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of refined petroleum products totaling 456,000 tonnes to five countries across the continent. The shipments—destined for…
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits, marking a significant step in the country’s ongoing economic reforms.…
The US dollar retreated from multi-month highs this week as investors reacted to rising energy prices and shifting expectations for global interest rates. According to a report by Reuters on…
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward Asia and the Americas, according to the National Bureau of…
Telecommunications companies in Nigeria are positioning for significant gains following the announcement of a $1bn artificial intelligence fund by the United Arab Emirates aimed at strengthening digital infrastructure across Africa.…
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than on rent, education, and other essential needs combined. A new report by…
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating tensions in the Middle East unsettled energy markets and raised fears of supply…
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical import routes, leaving several countries with only weeks of petroleum products in reserve.…
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit their spending power, according to the latest Household Expectations Survey released by the Central…
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves to strengthen the Bank Verification Number (BVN) framework. In response to…
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February 2026, down sharply from 1.62mbpd in January, according to the Nigerian Upstream Petroleum…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its N127 trillion market capitalisation, leaving the remaining 169 listed stocks…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion and a profit before tax of N179.5 billion. The company’s…
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into 2026, according to the latest data from the Central Bank…
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the economy, expanding opportunities, and strengthening social protections. According to the…