Real Time Financial News Website
Nigerian crude oil has climbed above $70 per barrel, exceeding the Federal Government’s 2026 budget benchmark of $64.85. Latest market data shows Bonny Light trading at around $71, a slight…
FCMB Group Plc is experiencing a notable surge on the Nigerian Exchange (NGX), capturing growing attention from both retail and institutional investors. As of 23 February 2026, FCMB shares trade…
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties in 2026, marking a sharp rise from the N28.23 trillion recorded in…
The Nigerian Stock Market closed lower on February 25, 2026, with the All-Share Index slipping 0.06% to settle at 194,370.2 points. Tier-one banks were the main drag on the market,…
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing out from over 1,600 high-growth ventures worldwide. The announcement underscores…
Investor sentiment across European markets shifted on Thursday, as attention moved away from global tariff tensions and toward a packed schedule of corporate earnings reports. After a week dominated by…
Champion Breweries Plc has officially completed the acquisition of the Bullet brand portfolio from Sun Mark, marking a major step in its evolution from a regional brewer into a diversified…
With the March 31 recapitalisation deadline fast approaching, pressure is mounting on at least 13 Nigerian banks still working to meet the new capital thresholds set by the Central Bank…
The Nigerian equities market extended its bearish trend on Wednesday as investors continued to take profits from banking and insurance stocks, dragging overall market performance slightly lower. Trading on the…
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it hopes to achieve its ambitious $1 trillion economy target, according…
Sell-offs in key Nigerian stocks including BUA Foods Plc, MTN Nigeria Communications Plc, and Stanbic IBTC Holdings Plc triggered a sharp decline on the Nigerian Exchange (NGX) on Tuesday, erasing…
Investor interest in Federal Government of Nigeria (FGN) bonds surged in February 2026, with total subscriptions hitting N2.70 trillion, reflecting strong appetite even as the Debt Management Office (DMO) reduced…
European markets opened higher on Wednesday as investors welcomed some clarity on global trade, with U.S. tariffs starting at 10% instead of the feared 15%. The pan-European Stoxx 600 rose…
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria (CBN). Governor…
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized. The World Bank has warned that productivity gaps forming before…
Nigeria is ramping up its bilateral partnership with the Republic of Sweden, targeting strategic collaboration in energy, infrastructure, and digital innovation. The Nigerian government aims to turn these sectors into…
The Nigerian government is stepping up efforts to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those living abroad. This move is part of a broader strategy…
West African energy regulators face growing pressure to harmonise refinery standards and investment frameworks as the region prepares for a surge in energy demand over the next two decades. Anibor…
The European Union has committed €22 million to support Nigeria’s ambitious fibre-optic expansion under the Federal Government’s Project BRIDGE, a move set to enhance digital connectivity nationwide. The grant, announced…
Nigeria’s energy landscape is entering a new era as Dangote Petroleum Refinery & Petrochemicals announces it will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily…
Nigeria is set to expand its crude oil portfolio with the launch of a new light, sweet grade called Cawthorne, scheduled for export in March, the Nigerian National Petroleum Corporation…
Nigerian Breweries Plc, the country’s leading brewing company, celebrated its outstanding trade partners at the 2025 Distributor Awards held at Eko Hotel and Suites, Victoria Island, Lagos. Themed “Unlocking Growth…
The Nigerian Stock Market ended the week in the red as the All-Share Index (ASI) slipped 1,779 points to close at 194,484.6 on February 24, 2026. This marked the first…
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis points interest rate cut at the conclusion of its 304th…
European markets are set for a stronger start on Wednesday as investor anxiety eased following the implementation of U.S. President Donald Trump’s universal 10% tariff, which came into effect at…
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step toward economic recovery. At the 304th meeting of the Monetary…
Nigeria’s fuel supply landscape is set for a major shift as the Dangote Petroleum Refinery has signed a landmark offtake agreement to distribute between 60 million and 65 million litres…
Nigeria is set to commence exports of a new light, sweet crude grade known as Cawthorne in March, marking another milestone in the country’s push to increase oil production. Nigerian…
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to the Governor of the Central Bank of Nigeria, Dr. Olayemi…
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer collaboration among regulators, stock exchanges, and international partners to channel…