Real Time Financial News Website
Nigeria’s naira slipped to N1,376 per dollar on Monday, extending its recent volatility as the U.S. dollar strengthened globally. The decline comes amid renewed geopolitical tensions in the Middle East,…
The Nigerian stock market surged on March 2, 2026, shrugging off global concerns over the US-Iran conflict. The Nigerian All-Share Index (ASI) gained 2,687.5 points, closing at 195,514.2, marking a…
Trading on the Nigerian Exchange (NGX) ended Monday on a positive note, with the All-Share Index climbing to 195,514.23 points from Friday’s 192,826.78. Market capitalization rose to N125.49tn from N123.76tn,…
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per litre at retail pumps across Nigeria. This follows a recent…
European markets are set to open sharply lower on Tuesday as rising geopolitical tensions in the Middle East rattle investor confidence. Market sentiment has deteriorated following fresh developments in the…
Nigerian deposit money banks disbursed N36.39 trillion to the Trade and General Commerce sector between January and September 2025, marking a modest 0.96 per cent increase from N36.05 trillion recorded…
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per cent increase from $3.99 billion recorded at the close of 2023.…
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking its first rate cut of 2026 and signalling cautious…
Investors in Nigeria’s stock market enjoyed a substantial boost in February 2026, with gains totaling N17.5 trillion as equities hit new highs. The sustained bullish sentiment reinforced confidence in the…
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and September 2025, surpassing the N5.87 trillion spent on the entire 2024 fiscal year, according…
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the Central Bank of Nigeria’s (CBN) 304th Monetary Policy Committee (MPC) meeting. The…
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt profile, even as the Central Bank of Nigeria (CBN) implements a cautious 50-basis-point cut to…
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed loan facilities, amounting to N8.36tn ($5.6bn) in value. Analysis of Nigerian National Petroleum Company…
Nigeria’s banking sector is poised for a major transformation as the Central Bank of Nigeria (CBN) nears completion of a N5tn capital injection aimed at strengthening financial institutions and supporting…
The Nigerian stock market recorded historic growth in February 2026, with investors collectively gaining N17.6 trillion, marking the largest monthly gain in the history of the Nigerian Exchange Limited (NGX).…
The Dangote Group has officially appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital as lead issuing houses for the upcoming listing of Dangote Petroleum Refinery & Petrochemicals FZE…
Oil prices surged sharply on Monday as escalating military tensions between the United States, Israel, and Iran sparked concerns of a prolonged global supply shock. Brent crude climbed 6.4% to…
In a move set to reshape the global artificial intelligence landscape, Amazon and OpenAI have unveiled a multi-year strategic partnership, with Amazon committing $50 billion to accelerate AI innovation. The…
Key members of OPEC+ have announced a higher-than-expected increase in oil production quotas, raising the stakes amid growing Middle East tensions. The Voluntary Eight (V8) group, which includes major producers…
Nigeria’s agriculture sector achieved a remarkable N101.46tn turnover in 2025, up from N96.46tn in 2024, signaling a strong rebound driven by increased investment, The PUNCH reports. The sector’s real growth…
Nigeria’s long-standing paradox of being Africa’s largest crude producer yet a major fuel importer is quietly shifting off the coast of Lekki. Thanks to the $20 billion Dangote Refinery, ocean-going…
The Nigerian stock market delivered a strong performance in February 2026, with the All-Share Index climbing 16.60% to close at 192,826.8 points — inching closer to the much-anticipated 200,000 mark.…
European stock markets are bracing for a sharp downturn at the start of the trading week following major military strikes by the United States and Israel on Iran — a…
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign transactions dropping by a dramatic 75.08 percent compared to December figures. Data from the…
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the Nigerian Exchange Limited, wiping off about N1.40 trillion in investor value…
The Dangote Petroleum Refinery has entered a landmark offtake agreement with 12 major and independent oil marketers to distribute between 60 and 65 million litres of petrol daily across Nigeria.…
TotalEnergies Marketing Nigeria Plc has revealed plans to inaugurate a five-megawatt (5MW) solar power plant at OML 58, aimed at supplying electricity to the Ubeta Gas Project. The announcement, made…
Shares of German sportswear giant Puma rose nearly 6% on Thursday after the company released its full-year 2025 earnings, reporting a smaller-than-expected loss of $422 million (357.2 million euros). The…
Dangote Petroleum Refinery is taking a bold step to transform Africa’s industrial landscape by moving beyond crude processing into a fully integrated manufacturing hub. The company has announced five major…
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from February 26, 2026, to February 25, 2027. The announcement, made…