Real Time Financial News Website
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations of a more stable macroeconomic environment, according to the latest…
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even as domestic refineries continued to face persistent feedstock shortages. This surge in imports…
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions across the country’s financial sector. In a March 10 circular, the regulator directed banks,…
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months in the making. On Thursday, the tech giant announced a partnership…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa and Tin Can Island port complexes. Adegboyega Oyetola, the Minister…
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary policy rate. According to updates sent to customers, commercial banks…
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on March 18, bringing the total short-term government borrowing to nearly…
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement. The pan-European Stoxx 600 gained 0.5% in early trade, with…
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX). Speaking during a…
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and several African nations facing potential fuel supply disruptions. Experts warn that tanker traffic…
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years, as part of a sweeping effort to protect investors and…
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the Middle East ripple across global financial markets. The local currency,…
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel, driven by escalating tensions in the strategically vital Strait of Hormuz. The…
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide distribution and reduce dependence on a single supply source. The…
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at speeding up the processing of trades and aligning the market…
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper to practical implementation, emphasizing that “reforms are only as good…
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the 200,000-point mark, closing at 201,474.89 points. The gain, representing a 1.55% increase…
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to strengthen Nigeria’s public finances and drive the country toward a…
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank accounts. The move is expected to make it easier for…
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under the World Bank–supported Utility Enabled Projects, coordinated by the Rural Electrification Agency…
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange market, compared to N1,363.5/$ recorded on Friday. This marks the…
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to sell fuel at reduced prices during night hours, saying it…
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global investment potential, the Group Chief Executive Officer of Nigerian Exchange Group Plc (NGX), Temi Popoola, has…
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, revealed. Speaking…
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West African countries, a move aimed at modernizing tax administration and…
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to power its massive fertiliser expansion in Ethiopia. The deal, signed…
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No fewer than 129,000 metric tonnes of Premium Motor Spirit (PMS) and…
Nigeria is set to attract up to $200m in fresh investment following a landmark defence technology agreement between local firm Nigus International Investment Limited and UAE-based Elmirate Investment LLC. The…
Nigeria’s food inflation climbed to 12.12 percent in February 2026, marking a sharp return to double-digit levels after briefly dropping to single digits in January. New data from the National…
Bargain hunting in several blue-chip stocks propelled the Nigerian Exchange Limited (NGX) to a week of strong gains, lifting total market capitalisation by N923 billion. At the close of trading…