Real Time Financial News Website
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…
Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that a prolonged conflict in the Middle East could disrupt global energy supplies…
The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses recorded in the previous two trading sessions. The recovery reflects renewed investor confidence and increased…
Nigerian Breweries Plc has acquired a 29% stake in a recycled Polyethylene Terephthalate (rPET) production facility in Ogun State, marking a major step in its push toward sustainability and responsible…
Global crude oil prices surged once again, approaching the $100-per-barrel mark during Asian trading on March 12, 2026, with Brent crude reaching $98.49. The commodity briefly crossed $113 earlier this…
Nigeria’s crude oil production fell sharply to 1.31 million barrels per day (bpd) in February 2026, according to the latest data from the Organisation of Petroleum Exporting Countries (OPEC). This…
Nigeria’s national workforce is set to receive a significant upgrade as TeKnowledge joins forces with Microsoft to expand artificial intelligence (AI) training across the country. The collaboration, part of Phase…
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the nation’s petrol, controlling an estimated N14.4 trillion market. The Federal Government has…
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the federal government is committed to maintaining stable food prices despite ongoing global economic uncertainties.…
The Federal Government has announced that a strategic market system will revolutionize Nigeria’s agricultural sector by transforming subsistence farming into profitable, competitive, and sustainable value chains. Minister of Agriculture and…
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations connected to the national grid to obtain regulatory permits within 45 days. The move, outlined in…
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the eleven months ending November 2025, down from $69.61 billion in the same period…
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have teamed up to establish a N10 billion Sugar Project Acceleration Fund (SPAF), aimed at fast-tracking the development…
The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at simplifying cross-border payment services and easing licensing…
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of countries supplying the majority of the nation’s essential goods. According to the National…
European stocks fell further on Thursday as investors grappled with soaring oil prices and ongoing tensions in Iran. The pan-European Stoxx 600 slipped 0.5% shortly after the opening bell, with…
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors continued to take profits in selected equities. The selling pressure pushed key market…
Tensions in the Middle East have intensified after Iran warned it could block oil shipments passing through the strategically important Strait of Hormuz, raising fears that global crude oil prices…
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The figure represents more than 72 per cent of the country’s…
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to expand production and strengthen its long-term growth strategy. The indigenous…
The Nigerian Treasury Bills (NTB) market has witnessed a significant decline in investor subscription, dropping to N6.13 trillion in the first two months of 2026. Data from the Central Bank…
Despite a gradual decline in Nigeria’s inflation rate to 15.51% and relative stability in the foreign exchange market, 20 listed companies on the Nigerian Exchange Limited (NGX) reported a combined…
The Nigerian Exchange Group (NGX) All-Share Index closed the trading session on March 10, 2026, on a negative note, dropping 1,130.9 points to settle at 196,066.1. This represents a 0.57%…
Nigeria’s petrol market is witnessing a historic shift as the Dangote Petroleum Refinery now supplies about 92% of the country’s daily petrol needs, following a pause in fuel imports by…
The Federal Government has announced the immediate nationwide rollout of about 100,000 Compressed Natural Gas (CNG) conversion kits to help Nigerians cope with soaring fuel costs, as March spending on…
TECNO Mobile has officially unveiled its latest flagship lineup, the Camon 50 Series, signaling a stronger push into artificial intelligence-driven smartphones for Nigeria’s rapidly growing digital economy. The series, which…
The naira traded at N1,401.4 per dollar on Tuesday at Nigeria’s official foreign exchange (FX) market, marking a continued depreciation. Data from the Nigerian Foreign Exchange Market (NFEM) shows the…
Dangote Petroleum Refinery announced a ₦100 reduction in the ex-depot price of Premium Motor Spirit (PMS) yesterday, aiming to ease fuel costs for marketers and bulk buyers. The gantry price…
Nigeria is witnessing a renewed boost to its foreign exchange reserves and naira stability, thanks to surging global oil prices. Brent crude recently crossed $93 per barrel—well above the 2026…
The Securities and Exchange Commission (SEC) has taken a proactive step to regulate Nigeria’s rapidly expanding financial technology sector with the launch of its inaugural Regulator/FinTech Clinic. The event, held…