Real Time Financial News Website
An energy policy group has called on President Bola Ahmed Tinubu to pause newly approved petrol import permits, cautioning that unchecked fuel imports could strain Nigeria’s foreign exchange reserves and…
President Bola Ahmed Tinubu has officially inaugurated the Presidential Petroleum Reform and Value Optimisation Taskforce to spearhead the next wave of structural reforms in Nigeria’s petroleum sector. The move signals…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding exploration licences for years without development. Under the Petroleum Industry Act (PIA), operators must…
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central Bank of Nigeria (CBN), emphasizing that the measures will improve security, curb fraud,…
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC). Speaking with the…
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note, reflecting renewed investor confidence and strategic bargain-hunting. The NGX All-Share Index rose 0.73%,…
BUA Cement Plc’s shares have kicked off 2026 on a high note, climbing to N270 from N178.50 at the end of 2025, a 51.3% surge so far this year. Investors…
The Nigerian Exchange (NGX) closed the week ended March 13, 2026, on a high note, with the All-Share Index (ASI) jumping 0.73% to reach a record 198,407.30 points. This 1,439.15-point…
Nigerian Breweries Plc has taken a significant step toward sustainability by acquiring a 29% stake in a new food-grade recycled polyethylene terephthalate (rPET) facility in Ogun State. The move forms…
Nigerian regulators are stepping up efforts to boost liquidity in the country’s equity market by reviewing rules around free-float requirements for listed companies. Many of Nigeria’s largest firms are tightly…
Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in February, citing improved food supply and easing price pressures across key sectors. The Consumer Price…
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal channels, according to the Central Bank of Nigeria’s (CBN) latest…
Nigerian stocks are riding a wave of unprecedented momentum, with equities up roughly 27.5% year-to-date following last year’s impressive gains of more than 50%. Optimistic forecasts suggest the market could…
Investors on the Nigerian stock market traded a total of 3.32 billion shares worth N164.84 billion over five days, marking a 10 percent decline compared to the previous week, according…
Global oil prices surged on Monday as tensions in the Middle East intensified, pushing Brent crude above $105 per barrel amid growing concerns about disruptions to global supply. The rally…
Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment triggered a bearish trend across both primary and secondary segments. The market was influenced by…
Oil prices experienced wild swings on Thursday as geopolitical tensions in the Gulf sent shockwaves through global markets. Brent crude briefly surged to $102.70 per barrel—an intraday gain of nearly…
Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears of a prolonged energy crisis. Brent crude, the international benchmark,…
Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital preservation. Among these, money market mutual funds remain the most…
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), has reinforced the importance of capital…
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora Policy Think-tank has revealed. The study, presented by Dr. Mohammed…
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to six percent of GDP, the Central Bank of Nigeria (CBN)…
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a 38.5% decline compared to $659.7 million in the same month…
Nigeria’s latest Treasury Bills (T-Bills) Primary Market Auction, conducted by the Central Bank of Nigeria (CBN) on March 11, 2026, recorded unprecedented demand, with subscriptions totaling N2.78 trillion—more than double…
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its newly launched Virtual Asset Regulatory Sandbox, addressing public questions about…
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by March 31, a move designed to create stronger, more sophisticated…
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Speaking at the…
The Nigerian stock market returned to bullish territory on March 12, 2026, with the All-Share Index (ASI) gaining 1,010.2 points to close at 196,908.7. This marked a strong recovery above…
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF), highlighting a persistent liquidity surplus in…
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund N20.33 billion to customers who paid for prepaid meters under…