Real Time Financial News Website
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013. According to data from the Central Bank of Nigeria (CBN), the country’s external reserves…
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier exploration fees by the Nigerian National Petroleum Company Limited (NNPCL) and directing the full…
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank, climbed to $18.7bn as of December 31, 2025, reflecting a $1.9bn increase within one…
The Nigeria Revenue Service (NRS) has announced that it will extend its electronic invoicing system to medium and emerging taxpayers beginning April 2026, marking the next phase in the agency’s…
Stakeholders across the waste management value chain have called for stronger government backing and policy stability to unlock Nigeria’s growing waste-to-wealth potential at the ongoing Nigeria Circular Economy Week in…
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the nation’s debt management strategy. The…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to raise gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to address rising…
Nigeria’s oil production fell sharply in January 2026, raising concerns about the country’s ability to meet both its budget and OPEC targets. According to data from the Nigerian Upstream Petroleum…
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign exchange market on Tuesday, up from N1,344 on Monday, according to the…
Chams Holding Company Plc, one of Nigeria’s pioneering technology firms, has officially launched a new subsidiary, ChamsCorp Plc, signaling its entry into the fast-growing artificial intelligence (AI) and data centre…
Petralon Energy has officially struck first oil at its Dawes Island Field, earning strong backing from Shell Western Supply and Trading. The milestone underscores Petralon’s growing reputation as an indigenous…
Nigeria’s oil sector suffered a staggering N1.76 trillion loss in potential revenue after failing to meet the Organisation of the Petroleum Exporting Countries (OPEC) production quota from January 2025 to…
The Nigeria Customs Service (NCS) has clarified that it does not independently set or adjust exchange rates used for import and export valuation, emphasizing that the Central Bank of Nigeria…
The Federal Government of Nigeria has officially launched the GROW Fund, a financing initiative aimed at supporting more than 6,000 young entrepreneurs trained under the Inspire, Create, Start, and Scale…
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries continue to pay disproportionately high borrowing costs. Writing in an opinion piece, Tinubu criticized…
President Bola Tinubu has highlighted the sustained rally in the Nigerian stock market as a clear reflection of the country’s improving economic health. Speaking at the launch of the National…
European stocks are poised for a higher open on Wednesday as investors track global market movements and fresh economic data. Market indicators suggest a positive start, with the U.K.’s FTSE…
The Nigerian equities market closed lower on Tuesday, ending a multi-day rally as investors took profits in major banking stocks. Data from the Nigerian Exchange Limited (NGX) showed that the…
The President and Chairman of Dangote Industries Limited, Aliko Dangote, has warned that Nigeria cannot achieve meaningful economic growth without solving its persistent electricity crisis. Speaking on Tuesday at the…
Growing concerns about data privacy in Nigeria’s financial inclusion efforts are emerging as a major obstacle to bringing millions into the formal financial system. Despite years of investment in broadband…
Nigeria’s gas sector saw a remarkable performance in 2025, with exports overtaking domestic sales for the first time in recent years, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).…
The Chief Executive Officer of the Chamber of Agribusiness Ghana, Anthony Morrison, has urged the government to establish a comprehensive national agriculture database to protect local farmers and regulate imports…
The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond offer, the Debt Management Office (DMO) announced. The subscription window,…
The Nigerian stock market recorded a remarkable gain of N6.79 trillion in its week-on-week performance, driven by the National Pension Commission (PenCom)’s recent decision to increase equity allocation limits for…
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed circulating claims of a 25 per cent tax on building materials, construction funds, bank balances, or business expenses as false…
As the deadline for insurance companies to meet the new minimum capital requirements approaches, several firms are finalizing compliance with statutory regulations set by the National Insurance Commission (NAICOM). Among…
The naira made significant gains at the start of the week, appreciating in both the official and parallel foreign exchange markets as the gap between the two narrowed. This movement…
The Nigeria Revenue Service (NRS) is introducing a major digital shift for medium-sized enterprises with its new E-Invoicing & Electronic Fiscal System (EFS), also called the Merchant Buyer Solution (MBS).…
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with China’s XCMG Construction Machinery Co., Ltd. to acquire state-of-the-art construction equipment. The…
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025. This figure represents a 35% increase from the N1.084 trillion…