Real Time Financial News Website
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at N1,389 per dollar at the official foreign exchange market. According…
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless transactions between African currencies without relying on the U.S. dollar…
Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some of the country’s biggest listed companies erased N3.64 trillion from…
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned the Federal Government against implementing tax reforms that could place…
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as petrol continues to sell for over N1,000 per litre across…
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to flow into the banking sector. According to the latest report…
After a turbulent session that rattled technology stocks across Wall Street, U.S. stock futures traded mixed on Wednesday as investors turned their attention to Micron Technology’s highly anticipated earnings report.…
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent within a year, prompting the Manufacturers Association of Nigeria (MAN)…
President Bola Tinubu has called on African countries to unite in ending the long-standing exploitation of the continent’s mineral resources by prioritising local value addition and industrial development. Speaking during…
The International Gas Union (IGU) has called on West African countries to deepen regional cooperation and accelerate the integration of their gas markets to unlock the region’s enormous natural gas…
President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are unfairly keeping petrol prices high despite a sharp decline in…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas infrastructure by advocating the deployment of drone surveillance technology across…
Mark Zuckerberg is reportedly setting his sights on the rapidly growing prediction market industry, with plans for Meta to develop its own forecasting platform. According to reports, the social media…
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with investors recording significant gains as renewed buying interest pushed the market higher for the second straight trading session. The…
Global oil prices declined on Tuesday after a record 19 million barrels of crude oil moved through the Strait of Hormuz, easing fears of supply disruptions and boosting confidence in…
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in July and extending into the third quarter of 2026. The…
Nigeria’s transition to a cashless economy continues to face significant hurdles as cash held outside the banking system climbed to N5.19 trillion in May 2026, according to the latest figures…
Domestic airline operators in Nigeria are pushing for a direct audience with President Bola Tinubu as concerns grow over taxes and regulatory charges they say are threatening the survival of…
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026, marking its weakest closing rate in four weeks. Latest data…
Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility are finding their way back into Nigeria through the offshore trading hub in Lomé, Togo.…
The Nigerian stock market continued its impressive rebound on Tuesday as investors gained N1.64 trillion in market value, extending the recovery seen in the previous trading session. Renewed buying interest…
The Securities and Exchange Commission (SEC) has issued a strong warning against the growing wave of advertisements promoting a supposed Dangote Refinery initial public offering (IPO), clarifying that no official…
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after global rating agency Fitch warned that the deal could create significant debt risks…
Elon Musk has recorded the largest personal wealth loss in history after a sharp decline in SpaceX’s stock price wiped an estimated $350 billion from his fortune within a single…
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the United Nations Conference on Trade and Development (UNCTAD). The surge reflects…
The Federal Government, through the Federal Ministry of Industry, Trade and Investment, has unveiled an ambitious plan to boost trade performance and attract stronger investment inflows as Nigeria intensifies efforts…
Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline toward levels last seen before recent geopolitical tensions between the United States and Iran. Despite…
Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of oil infrastructure in the Niger Delta is playing a key role in boosting crude production.…
SpaceX shares slipped more than 4% in premarket trading on Monday, extending a recent decline that has quickly cooled enthusiasm following its historic public debut. The drop marks a continuation…
The tech industry in 2026 is experiencing one of its most dramatic workforce shake-ups in recent history, with companies across the globe citing artificial intelligence as a key factor behind…