Real Time Financial News Website
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 $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income market amid high interest rates and improving foreign exchange stability.…
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on fuel and telecommunications services in Nigeria, following reactions to the latest International Monetary Fund…
The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry prices of diesel and aviation fuel by N100 per litre. The latest adjustment sees diesel…
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian Foreign Exchange Market (NFEM), compared to N1,356.5/$ recorded in the previous trading session.…
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but a recent white paper by Chapel Hill Denham suggests the…
Africa’s richest man, Aliko Dangote, has secured strong financial backing from the Africa Finance Corporation (AFC) for a bold $7bn fertiliser expansion project aimed at positioning his conglomerate as the…
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes on telecommunications services and petroleum products, following reactions to the International…
The Group Chairman of the Nigerian Exchange Group (NGX Group), Umaru Kwairanga, is intensifying efforts to attract Middle East investors into Nigeria’s capital market, positioning the country as a growing…
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through a grassroots-driven model under President Bola Ahmed Tinubu’s Renewed Hope Development Plan. The initiative is…
The Nigerian equities market closed in the red on Tuesday, June 16, 2026, as heavy selloffs in major banking stocks wiped out ₦782.44 billion in investor wealth. The downturn was…
The Nigerian Exchange Group (NGX Group) has announced it is actively preparing for the highly anticipated initial public offering of the Dangote Refinery, a move expected to attract strong global…
U.S. stock futures traded cautiously higher on Wednesday as investors turned their attention to the Federal Reserve’s latest interest rate decision, a key event expected to shape market sentiment in…
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the growing economic partnership between both nations despite shifting global economic conditions. The UAE said Nigeria…
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between 2023 and April 2026, the Federal Government has released only N2.68 trillion, representing less than five…
Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump prices could fall to as low as N1,200 per litre following a major price cut…
The World Bank and the African Development Bank (AfDB) have announced a major milestone under Mission 300, revealing that more than 50 million Africans across 40 countries have gained access…
United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake in the Nigerian Exchange Group Plc (NGX Group), marking a…
The World Bank has warned that global natural gas markets are heading into a prolonged period of instability, with prices expected to remain highly volatile due to ongoing geopolitical tensions,…
Ripple has made a strategic investment in Flutterwave as part of the Nigerian fintech giant’s Series E fundraising round, marking a major step toward expanding stablecoin-powered payments across Africa. The…
West African trade and industry leaders have taken a major step toward deepening regional economic integration after the fifth ECOWAS Ministers of Trade and Industry meeting (ECOMOTI-5) in Ghana, where…
Nigeria’s telecommunications sector is witnessing a massive investment surge, with operators revealing that the 50 per cent tariff hike approved last year has attracted about N4 trillion into infrastructure expansion…
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on Wednesday, June 17, 2026, in a move that continues to…
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two weeks of June 2026. The increase has pushed the country’s gross reserves to…
Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin inflows in sub-Saharan Africa, according to a new International Monetary Fund…
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn into Nigerian bonds in the first quarter of 2026. The surge reflects growing confidence in the…
The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued despite recent improvements in the foreign exchange market. According to the fund’s latest assessment, the local…
The tech and financial world is entering what many analysts are calling a potential “AI IPO summer,” as major artificial intelligence companies such as OpenAI and Anthropic quietly prepare for…