Real Time Financial News Website
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply cutting down their N6 trillion claim. The decision follows months…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government to sell at least 51 per cent stake in the…
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial development financing, marking one of the most ambitious manufacturing drives…
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused investors increased their stakes in fundamentally strong stocks. The All…
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against an initial offer of N1.15 trillion—a bid-to-offer ratio of 272%.…
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the benchmark Monetary Policy Rate (MPR) or maintain the current 27.0%.…
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen short of the Federal Government’s 2025 targets, highlighting significant gaps…
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful regulation, the trend could lead to currency substitution and heightened…
The Nigerian stock market ended the trading session on a high note on February 19, 2026, with the All-Share Index climbing 2,645.6 points to settle at 193,073.6, crossing the 193,000…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious objections to President Bola Tinubu’s recent executive order directing all oil and gas revenues to be…
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of tax reforms and digitalization initiatives, Finance Minister and Coordinating Minister…
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025, according to data published on the Exchange’s official website. The…
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills (NTBs), Open Market Operation (OMO) bills, and Federal Government of Nigeria (FGN)…
Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, marking a dramatic 566 per cent increase compared to the same period in…
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market, according to a macroeconomic update by financial advisory firm CardinalStone. The…
Investors gained N1.7 trillion at the close of trading on Thursday as renewed buying interest in banking and industrial stocks pushed the market to a fresh weekly high on the…
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition — it demands clear targets, strategic planning, and coordinated execution.…
The Nigerian stock market yesterday experienced a significant pullback, halting its 11-day winning streak as investors engaged in profit-taking. Market capitalisation dropped by N577 billion, signaling a pause in the…
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a milestone that signals growing confidence in Nigerian indigenous oil firms.…
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas (CNG) initiative is falling short of its 2025 infrastructure goals.…
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies including Airbus, Renault, and Nestle. The pan-European Stoxx 600 hovered just below the flatline, while…
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in the first nine months of 2025—a 366% increase from $144.19…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion annual trade finance gap. Speaking at the Ecobank Customer Forum…
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the Association of Power Generation Companies (GenCos), report that unpaid electricity bills have now climbed to…
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down from N1,337/$ the previous day. According to the Central Bank of Nigeria (CBN),…
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP) issuance on the Nigerian Exchange Limited (NGX). The listing includes Series 1 and…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa to play a leading role in driving the continent’s industrialisation…
The Nigerian Exchange (NGX) rebounded strongly on Wednesday, February 18, 2026, closing 1,106.72 points higher at 190,427.96. This 0.58% increase from Tuesday’s close of 189,321.24 highlighted renewed bullish sentiment, as…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026…
OpenAI is deepening its presence in India with a strategic partnership with Pine Labs, aiming to bring AI-powered automation to the country’s fintech ecosystem. The collaboration will integrate OpenAI’s AI…