Real Time Financial News Website
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in March 2026, with several key staples recording both increases and decreases…
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53 trillion, according to the Financial Markets Dealers Association (FMDA). The…
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in global capital markets. The move follows its first major step…
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima. The disclosure signals growing investor confidence in the sector, as…
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term, raising fresh concerns about the country’s fiscal stability as oil…
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX). The reform is already reshaping how investors trade, sparking debate…
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the United States dollar. Fresh data released by the Central Bank…
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle East crisis, inflation pressures, and tighter financial conditions—continues to test…
The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April in three years. According to Central Bank of Nigeria (CBN)…
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following the Monetary Policy Committee’s decision to reduce the Monetary Policy Rate (MPR)…
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026 budget, despite President Bola Ahmed Tinubu signing the appropriation bill into law on April…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance, remitting a total of N2.89 trillion to the Federation Account in the first quarter of 2026.…
This week’s global business landscape is shaping up with major developments across energy, media, and economic policy. From oil market disruptions to digital platform restructuring and transport innovations in Nigeria,…
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per dollar on May 4. This continues the positive momentum recorded in…
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the Federal Capital Territory (FCT) collectively added nearly $1 billion in new external loans. Fresh…
The Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through its Nigerian Treasury Bills (NTBs) auction scheduled for May 7, 2026. The issuance marks the first…
The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in the country’s foreign exchange (FX) market, which reached $10 billion during the month. Fresh…
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a week-long run of losses as improved liquidity conditions supported trading activity. The local…
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in foreign exchange market activity. According to data from the Nigerian Foreign…
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped to 49.4, signaling a contraction for the first time in 16 months. The latest…
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between 2021 and 2025. The inflow is largely credited to sweeping capital market reforms and…
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy aimed at mobilising £9 billion in fresh capital into Nigeria…
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC) increased the official selling prices of all 37 Nigerian crude grades for May-loading cargoes.…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at the end of last week. The latest depreciation reflects ongoing pressure in…
Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond auction attracted a total of N948 billion in investor bids, significantly higher than…
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising the prices of petrol and diesel supplied to the Nigerian market. The official…
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global financial markets face renewed uncertainty. According to a report by United…
Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive trading sessions. The rally was driven by strong investor appetite, improved liquidity conditions, and…
The Nigeria Revenue Service (NRS) has debunked a viral social media infographic suggesting that the Federal Government has introduced a new tax on vehicles. The agency described the claim as…
President Bola Ahmed Tinubu has commended the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, for his ongoing financial sector reforms, describing them as bold steps that are…