Real Time Financial News Website
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the proposed Dangote Industrial City and Deep Seaport project, describing it as a…
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and financial sectors take centre stage. From the opening of the 25th Nigeria Oil…
The African Continental Free Trade Area (AfCFTA) Digital Trade Forum 2026 has ended with a strong call for member states to accelerate the implementation of the AfCFTA Digital Trade Protocol,…
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an impressive N21.6 trillion in the first six months of 2026. According to the Economic Snapshot…
U.S. stock futures traded mixed on Tuesday as a fresh wave of selling in semiconductor stocks dragged Nasdaq futures lower, highlighting growing investor caution ahead of the closely watched second-quarter…
The Debt Management Office (DMO) has launched the July 2026 FGN Savings Bond, offering Nigerians an opportunity to earn up to 15.716% annual interest, the highest rate recorded under the…
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million Eurobond obligation ahead of schedule, raising its total payments to bondholders…
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more than ₦8 trillion outside its approved budgets, describing the allegation as misleading and…
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came at a significant cost to the broader economy, according to the Chief Executive Officer of…
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing it close to surpassing the total amount approved during former…
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures. According to the Nigerian Economic Summit Group (NESG) Business Confidence…
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers after enduring significant volatility over the past two years. The…
Nigeria and China have taken a significant step toward strengthening economic cooperation, with business leaders from both countries committing to deeper collaboration in exports, energy, healthcare, artificial intelligence, agriculture and…
Nigeria and Canada are intensifying efforts to strengthen their economic partnership, with both countries placing greater emphasis on data-driven investment strategies as a catalyst for trade growth. Speaking at the…
African Export-Import Bank (Afreximbank) President and Chairman of the Board, Dr. George Elombi, has called on Nigeria and other African nations to halt the export of lithium, a critical mineral…
The United States has reaffirmed its commitment to strengthening ties with Nigeria after bilateral trade between both countries climbed to nearly $15 billion in 2025, marking a 14 percent increase…
Dangote Cement Plc has rewarded its shareholders with a historic dividend payout after announcing a 50 per cent increase in its dividend, raising it from N30 to N45 per share.…
Nigeria’s currency market showed signs of growing resilience in June 2026 as the naira recorded only a marginal decline despite a significant increase in foreign exchange trading activity. Data from…
The African Export-Import Bank (Afreximbank) has revealed that about 80 per cent of its balance sheet is currently invested in loans and development projects across Africa, highlighting its strong commitment…
The International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal reporting, revealing that public spending equivalent to about 2% of the country’s Gross Domestic Product (GDP) was omitted from…
Nigeria has been ranked as the highest-performing economy in Africa on the economic performance pillar of the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, reinforcing the country’s…
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, a move that has reignited public debate…
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is a strategic move designed to lower borrowing costs and improve…
The Nigerian naira closed June 2026 at N1,376 against the United States dollar in the official foreign exchange market, ending the month slightly weaker despite experiencing notable fluctuations throughout the…
Nigeria is taking significant steps toward re-entering the international debt market as the Debt Management Office (DMO) begins preparations for the country’s first Eurobond sale since November 2025. The agency…
Nigeria has emerged as the highest-performing African economy in the International Institute for Management Development (IMD) World Competitiveness Ranking 2026, outperforming South Africa, Ghana, Kenya, Namibia, and Botswana in the…
The World Bank has announced plans to phase out lending to China by 2031, signaling a significant change in its long-standing relationship with the world’s second-largest economy. The move, outlined…
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index provider FTSE Russell announced that the country’s reclassification is now under further review. The decision…
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria, assuring citizens that discussions are underway with petrol marketers and industry regulators to create…
Nigeria’s trade with other African countries recorded a significant leap in 2025, reaching $9.02 billion and marking a 21 per cent increase from the $7.47 billion recorded in 2024. The…