Real Time Financial News Website
Nigeria’s business landscape is set for a busy week as major economic and investment-focused events take center stage across Africa. Leading the agenda is the 33rd Annual Meetings of the…
The British pound has weakened sharply against the Nigerian naira, edging closer to its lowest level of the year as political uncertainty in the United Kingdom continues to unsettle financial…
Nigeria’s stock market may be experiencing a correction, but investors who positioned themselves in the right sectors have continued to enjoy substantial gains. Data from the Nigerian Exchange (NGX) shows…
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength in the country’s external financial position. According to data from…
Nigeria’s push toward a greener and more digitally driven economy has received a major boost as the Development Bank of Nigeria (DBN) and the European Investment Bank’s development arm, EIB…
Nigeria’s tax revenue recorded a sharp increase in the first five months of 2026, rising by 49% year-on-year to N15.8 trillion, according to data reported by Bloomberg. The growth significantly…
The Nigerian stock market extended its losing streak on Wednesday, wiping out about N2.5 trillion in just three days as cautious investor sentiment continued to weigh on trading activity. The…
Global stock markets delivered a mixed performance on Friday as investors continued to assess the strength and long-term durability of a U.S.-brokered peace agreement with Iran. Sentiment remained cautious across…
Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement to enhanced security operations on the Trans Niger Pipeline (TNP). Pipeline Infrastructure Nigeria Limited (PINL)…
India is showing little urgency to return to large-scale crude purchases from the Middle East, even after the reopening of the Strait of Hormuz eased earlier supply concerns. Refiners in…
Oil prices ended the trading session on a mixed note on Friday as renewed uncertainty over U.S.-Iran diplomatic efforts rattled market sentiment. The sudden cancellation of follow-up talks in Switzerland…
The Nigerian Exchange (NGX) has rolled out a major reform to its trading structure, introducing new rules that require minimum trading volumes before the price of a listed equity can…
The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in the United Kingdom’s political and economic landscape weighed heavily on the sterling. The…
Nigeria is increasingly rethinking its external borrowing strategy, even as it continues to enjoy strong appetite from global investors in the Eurobond market. Over the past two years, the country…
Nigerian fuel marketers are increasingly sourcing refined petroleum products originally produced by Dangote Petroleum Refinery through an offshore ship-to-ship (STS) trading hub in Lomé, Togo, reshaping regional fuel distribution patterns.…
Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new data released by the Central Bank of Nigeria (CBN). The figures,…
Nigeria’s crude oil industry is showing renewed strength as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country has the capacity to produce as much as 1.9 million barrels…
Billionaire businessman and Chairman of First HoldCo, Femi Otedola, has deepened his investment in the financial services group after acquiring 680.8 million additional shares valued at approximately N29.6 billion. The…
The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025, providing much-needed clarity for taxpayers, tax authorities, and other stakeholders navigating the transition from…
President Bola Ahmed Tinubu has appointed renowned financial expert and former KPMG Africa Chairman, Kunle Elebute, as the new Chairman of the Governing Board of the Financial Reporting Council of…
Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to April despite continued growth in domestic refining capacity. Fresh data released by the Nigerian Midstream…
U.S. stock futures moved higher on Thursday as Wall Street attempted to recover from a sharp sell-off triggered by renewed concerns over Federal Reserve policy. The previous session’s downturn followed…
The African Export-Import Bank (Afreximbank) has called on Nigeria and other African countries to urgently deepen intra-African trade as a strategy to strengthen economic resilience amid rising global uncertainties. The…
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the first quarter of 2026, marking a sharp 255.7% increase compared to…
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking one of the steepest short-term declines in recent months. The…
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally taken a breather. The Nigerian Exchange (NGX) is currently experiencing…
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49 trillion at its Nigerian Treasury Bills (NTB) auction held on Wednesday, June 17, 2026.…
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per cent interest rate environment is threatening the sustainability of the sector and the country’s ambitious…
Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest wealth creators, delivering a staggering 1,656 per cent capital gain to investors over…
Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income market amid high interest rates and improving foreign exchange stability.…