Real Time Financial News Website
The African Development Bank Group (AfDB) has approved a €6.5 million investment in the Saviu II venture capital fund, aiming to accelerate the growth of technology startups across Francophone West…
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could have serious repercussions for the global economy. In its statement on…
The federal government has unveiled a bold plan to significantly expand Nigeria’s manufacturing sector, targeting a contribution of 25 per cent to the country’s Gross Domestic Product (GDP) by 2035.…
The Central Bank of Nigeria (CBN) has increased its gold reserves to $3.5 billion by acquiring domestically sourced, London Bullion Market Association (LBMA) certified bullion, highlighting the bank’s push to…
Despite Nigeria’s strategic 900-kilometre coastline and a market of over 200 million people, local shipping investors are largely absent from the country’s $6 billion freight industry. According to industry veterans,…
Nigeria’s money supply (M²) experienced a slight decline in January 2026, falling 0.8 percent month-on-month to N123.4 trillion from N124.4 trillion in December 2025. This drop points to low liquidity…
The Nigerian All-Share Index (ASI) closed slightly lower on 4th March 2026, dipping 0.08% to 196,463.2 points, halting its steady march toward the psychologically important 200,000 level. Analysts say the…
The price of cooking gas in Nigeria has surged sharply, jumping 40 percent to N1,400 per kilogram, following escalating tensions in the Middle East. The ex-depot price of Liquefied Petroleum…
Motorists across Britain are facing long queues and empty pumps as fears of an oil shortage escalate amid the ongoing US-Iran conflict. Petrol prices have surged by up to 11…
European markets are set to open in mixed territory on Thursday, reflecting heightened investor caution amid ongoing geopolitical tensions in the Middle East. Traders are closely monitoring the intensifying conflict…
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves climbing to $50.45 billion and the naira showing renewed stability across market segments. The measures,…
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped the naira post its first annual appreciation in 13 years. According to…
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike follows recent airstrikes by the United States and Israel on Iran, reigniting…
The Society of Petroleum Engineers Nigeria (SPEN) has urged swift action, resilience in coordination, and disciplined project execution to solidify Nigeria’s role in the global oil market. The call comes…
Nigeria’s telecommunications industry strengthened its grip on the economy in 2025, contributing N18.5 trillion to real Gross Domestic Product (GDP) as surging data demand and accelerated 5G deployment reshaped the…
Higher oil prices are once again dominating global headlines, but they may not represent the opportunity many assume for Nigeria. As tensions between the US and Iran escalate, Brent crude…
Nigeria’s upstream oil and gas sector is undergoing a pivotal transformation as indigenous operators move from marginal participants to central drivers of production. With international oil companies divesting assets, local…
Nigeria is poised for stronger economic growth in 2026, with analysts projecting a full-year GDP increase of 5.55% and inflation falling to 6%, according to the latest Country Watch Nigeria…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at the end of 2025, up from just $3.99 billion in 2023, the…
Nigeria’s Value Added Tax (VAT) revenue surged to a record N1.08 trillion in January 2026, marking the first full month under a new revenue-sharing formula, The PUNCH reports. This represents…
European stocks opened higher on Wednesday as investors monitored escalating tensions in the Middle East. The Stoxx Europe 600 rose 1.2% by mid-morning London time, while London’s FTSE 100 gained…
The Nigerian Exchange (NGX) saw a significant surge in market capitalization yesterday, gaining N710 billion as investors returned to key sectors. Market cap rose from N125.49 trillion on Monday to…
Nigeria’s stock market delivered a rare show of strength on Tuesday as the Nigerian Exchange Limited (NGX) gained N710 billion in market capitalisation, defying a wave of global sell-offs triggered…
Global oil prices rallied sharply on Tuesday, with Brent crude climbing above $84 per barrel amid escalating tensions in the Middle East. Investors reacted swiftly to fears that prolonged conflict…
ANOH Gas Processing Company (AGPC) has officially delivered its first batch of processed natural gas to Nigeria LNG Limited (NLNG), signaling a major shift from project execution to full commercial…
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to feel tangible improvements, according to analysts at Norrenberger. In a…
Saudi Arabia’s state oil giant, Saudi Aramco, has temporarily shut down its Ras Tanura refinery, one of the world’s largest with a capacity of 550,000 barrels per day, after a…
Oil prices continued their sharp climb on Tuesday, reflecting growing fears of supply disruptions as the US-Israel conflict with Iran escalates. Brent crude futures rose $3.15, or 4.1 percent, to…
United Capital Plc has reported a robust 35 per cent year-on-year growth in revenue, climbing from N43.43bn in 2024 to N58.55bn in 2025. The performance, revealed in the company’s audited…
The Nigerian Exchange (NGX) Group Plc has announced the appointment of Ms. Olajumoke Olaniyan as its new Group Chief Strategy Officer (GCSO), strengthening the executive leadership team during a key…