Real Time Financial News Website
Nigeria’s robust economic performance is positioning the country to withstand potential shocks from rising tensions in the Middle East. Finance Minister Wale Edun revealed on Tuesday that the nation recorded…
Artificial intelligence-driven fraud is rapidly escalating across Africa’s fintech sector, alarming regulators and industry experts about the sophistication of cybercriminal activity on the continent. According to a recent Ecofin Agency…
Global oil prices fell sharply to around $91 per barrel on Tuesday after soaring to a more than three-year high the previous day, as United States President Donald Trump suggested…
Nigeria’s non-oil exports reached N12.36 trillion in 2025, marking a significant milestone in the country’s effort to diversify its economy beyond crude oil. The latest Foreign Trade in Goods Statistics…
European stock markets are expected to open lower on Wednesday as investors react to rising geopolitical tensions in the Middle East. Market sentiment has been shaken by intensifying military operations…
The Nigerian stock market opened the second week of March with a strong performance, as heavy trading activity lifted total transactions to N31.23 billion on Monday. Investors were buoyed by…
Nigeria’s Naira has returned to the N1,400 mark, reversing the optimism seen just weeks ago when many believed the currency would strengthen below N1,300. Analysts had predicted a surge toward…
The Nigerian stock market kicked off the week on a strong note on Monday, recording a total gain of N147 billion as market capitalization rose to N126.583 trillion. Investors were…
The Securities and Exchange Commission (SEC) has called for stronger participation of women in Nigeria’s capital market, highlighting their vital role in strengthening financial institutions and boosting investor confidence. The…
The Nairobi Securities Exchange (NSE) has announced a significant revision of futures margins following a record surge in derivatives trading. February 2026 saw turnover on the NSE NEXT platform reach…
Kenya’s financial system has hit a historic milestone, with total liquidity surpassing KSh6 trillion for the first time. According to the latest data from the Central Bank of Kenya, broad…
The African Development Bank Group (AfDB) has unveiled a continent-wide financing platform aimed at transforming Africa’s fast-growing air travel market into a sustainable investment opportunity. Known as the Integrated Aviation…
Nigeria’s manufacturing sector has significantly boosted Value Added Tax (VAT) revenue, with payments reaching N875.420 billion in the first nine months of 2025. This figure not only surpasses the N566.011…
Nigeria is preparing to host the fifth edition of the Intra-African Trade Fair (IATF) in Lagos from November 5 to 11, 2027, with an ambitious goal to surpass the $48.3…
Ghana’s economy is showing clear signs of recovery after a challenging period of high inflation and currency instability, the Governor of the Bank of Ghana (BoG), Johnson Pandit Asiama, told…
Ghana has intensified its diamond export controls as part of an international review under the Kimberley Process Certification Scheme, a global framework designed to prevent conflict diamonds from entering the…
Nigeria’s equity market continues to shine as a relative safe haven, extending its gains even as global tensions rise. According to the latest weekly newsletter on African markets, the NGX…
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot prices of petrol and diesel to N1,175 and N1,620 per litre, respectively. The sudden adjustment has…
European markets are expected to open notably higher on Tuesday, as investors respond to falling oil prices and ongoing geopolitical developments in the Middle East. Futures tied to the Stoxx…
The Managing Director and CEO of Dangote Petroleum Refinery, David Bird, has explained why Nigerian fuel prices are unlikely to drop, even as the refinery runs at full capacity. Speaking…
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even as millions of consumers continued to grapple with erratic power supply, estimated billing, and frequent…
Global financial markets were shaken on Monday as escalating tensions between the United States, Israel and Iran sent crude oil prices soaring past $120 per barrel. The intensifying conflict has…
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026, supported by a rise in crude oil and condensate production to 1.64 million…
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions involving the United States, Israel, and Iran continue to disrupt global supply chains.…
Nigeria is rapidly emerging as a prime destination for global investors, with the country’s strategic push toward becoming a $1 trillion economy by 2030 capturing international attention. During a high-level…
The Nigerian stock market ended the first trading week of March 2026 in positive territory, with the All-Share Index rising 4,141.37 points to 196,968.15, marking a 2.15% gain for the…
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a remarkable 9.43% gain. Investors were particularly drawn to Aradel Holdings…
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices created an arbitrage opportunity for traders, according to a Reuters report. The…
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote Petroleum Refinery through third-party international traders. The move aims to sustain domestic refining…
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction scheduled for March 11, 2026, marking the apex bank’s second major…