Real Time Financial News Website
The National Pension Commission (PenCom) has unveiled a revised regulation allowing Pension Fund Administrators (PFAs) to expand equity investments across four Retirement Savings Account (RSA) fund categories. While technical in…
The Nigerian stock market kicked off the week with a strong performance, extending its winning streak to four consecutive trading sessions. Investors saw a combined gain of N805 billion as…
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent gain last year, despite global economic shocks. Experts say sustaining this rally will…
President Bola Tinubu has defended his controversial Executive Order (EO9), which halts revenue deductions previously made by the Nigerian National Petroleum Company Limited (NNPCL) and other agencies. The Presidency insists…
Nigeria’s artificial intelligence (AI) ecosystem is rapidly expanding, now hosting over 120 active startups across sectors like healthtech, fintech, agritech, and language technology. According to the AI Outlook 2026: Shifts,…
The Nigerian Exchange (NGX) continues to showcase the strength of the country’s biggest firms, with the top 10 companies now boasting market capitalisations above N3 trillion. These corporate giants span…
Creative platform Canva has made two strategic acquisitions to enhance its capabilities in animation and marketing technology. On Monday, the company announced it had acquired UK-based Cavalry, a startup specializing…
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence and stabilizing the economy, according to Taiwo Oyedele, Chairman of…
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr. Franklin Nechi, Chairman of Optiva Capital Partners. Speaking in Lagos…
The Nigerian naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$, up from N1,348/$ recorded last Friday. The decline comes as market participants position themselves…
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola Tinubu’s executive order requiring oil and gas revenues to be…
Investor confidence is returning to Nigeria’s telecommunications sector following the resolution of a long-standing N300 billion Unstructured Supplementary Service Data (USSD) debt between banks and telecom operators. The debt had…
The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares, following unusually high price movements since the company’s recent listing. The suspension, announced on Monday, comes…
European markets are set to open broadly positive on Tuesday as investors digest the impact of the latest U.S. tariffs. Traders are balancing hopes for steady corporate earnings with concerns…
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) nationwide. Governor Olayemi Cardoso…
The Ondo State Government has taken a major step toward reshaping its economic future with the signing of Memoranda of Understanding (MoUs) for the development of the Ondo Deep Seaport…
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic Product rising from 13 per cent in April 2024 to 33 per cent as…
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the economy, including power, mining and industrial manufacturing. The Federal Ministry…
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Zichis Agro-Allied Industries Plc following an extraordinary 772% surge in the company’s stock price within one month of…
Global investment banking giant Goldman Sachs has revised its oil price outlook upward, projecting that Brent crude will average $60 per barrel in the fourth quarter of 2026. The new…
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its policyholders in January alone. The payout underscores the company’s financial…
Ellah Lakes Plc has announced it will refund all investors following the unsuccessful conclusion of its N235 billion public offer. The company confirmed in a statement on February 20, 2026,…
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has officially launched a $50 million Impact Innovation Fund aimed at supporting startups tackling pressing social…
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are signaling the start of a cautious easing cycle. The move comes…
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP) to industrial financing, marking one of the most ambitious moves…
Bitcoin fell sharply in early Asian trading on Monday, sliding toward $64,000 as uncertainty over United States tariff policy rattled global markets. The selloff dragged down major cryptocurrencies, with Ether…
Equity investors on the Nigerian Exchange (NGX) exchanged 7.66 billion shares worth N252.56 billion in 345,118 deals between February 16 and 20, 2026, according to the latest weekly market report.…
Chairman of the Dangote Group, Aliko Dangote, has confirmed that ordinary Nigerians will be able to purchase shares in the Dangote Refinery within the next four to five months. The…
The Nigerian equities market delivered one of its most remarkable performances in recent years, as investors added a staggering N8.14 trillion to total market capitalization in just one week. Data…
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement of new global trade tariffs. The move, which raises blanket tariffs from…