Real Time Financial News Website
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the foreign exchange market and control inflation by mopping up an estimated N2.8 trillion from the banking system…
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote Petroleum Refinery will generate about 95,000 skilled jobs at its peak construction phase. The…
Nigeria’s largest listed companies have set a new tax record, collectively paying N2.32 trillion in corporate income taxes in 2025, according to industry data. This marks a sharp 86 percent…
The Nigerian Exchange Limited (NGX) recorded a stronger trading week as investors exchanged a total of 3.8 billion shares worth N213.95 billion in 297,202 deals over five trading sessions. The…
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed buying interest in blue-chip companies pushed the overall market capitalisation above…
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total turnover hitting N193.2 trillion on the FMDQ Exchange. The figure reflects sustained…
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance value addition across the country’s raw materials value chain. The move is…
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue to choke progress, even after states collectively spent about ₦128 billion on export infrastructure…
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising by 30.36% month-on-month to N551.77 billion, according to data compiled from the Office…
The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held strategic talks with the Governor of the Central Bank of Nigeria (CBN), Mr.…
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026, supported by strong investor appetite that pushed total subscriptions far above…
The United Kingdom has unveiled plans to channel £9 billion in fresh capital into Nigeria and other African frontier markets as part of a new five-year investment drive led by…
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on the national grid. This shift reflects growing confidence in smaller,…
Plateau State Governor, Caleb Mutfwang, has praised the appointment of Taiwo Oyedele as a key economic figure in President Bola Tinubu’s administration, describing it as a “well-deserved” decision. He said…
Nigeria’s growing debt burden is once again raising alarm across economic and policy circles, as rising debt servicing costs continue to consume a large share of government revenue. Analysts warn…
President Bola Ahmed Tinubu has said that the Central Bank of Nigeria’s (CBN) move to clear outstanding financial liabilities owed to foreign airlines is helping to reset and strengthen Nigeria’s…
Nigeria’s Federation Account Allocation Committee (FAAC) has disbursed a total of N2.03 trillion among the federal government, state governments, and local government councils for March 2026, reflecting the latest distribution…
President Bola Tinubu has reaffirmed that Nigeria’s relationship with the United Kingdom will continue to unlock fresh investment opportunities, strengthen trade, and promote shared prosperity between both nations. The president…
The Chartered Institute of Taxation of Nigeria (CITN) has announced that key stakeholders will converge in Abuja for its 28th Annual Tax Conference to examine pressing issues shaping the country’s…
Poor and in some cases completely missing infrastructure continues to hold back intra-African trade and slow down regional integration efforts across the continent, according to a new report by the…
President Bola Ahmed Tinubu has carried out a significant but described “minor” cabinet reshuffle, removing Wale Edun from his role as Minister of Finance and Coordinating Minister of the Economy.…
Africa’s private sector began 2026 on a stronger note, with most economies showing resilience despite mounting global tensions. According to a BusinessDay analysis of Purchasing Managers’ Index (PMI) data from…
For the first time in seven years, pension returns in Nigeria are beginning to match inflation, offering a sense of relief to millions of contributors who have watched the value…
Nigeria’s business landscape is set for a pivotal week as several major developments unfold between April 20 and April 24. From tax deadlines in Lagos to urgent aviation sector talks…
Across Africa, diesel prices in April 2026 reveal a sharp divide between countries able to keep fuel affordable and those heavily exposed to global oil market fluctuations. The latest rankings…
Nigeria’s Federal Government has raised N100 billion from the Unclaimed Funds Trust Account, a pool of dormant private funds now being used as part of public borrowing, according to fresh…
Nigeria is undergoing a major shift in its fiscal strategy as the Federal Government moves away from heavy reliance on import and export duties toward a consumption-based tax system. The…
The International Monetary Fund (IMF) has backed Nigeria’s recent bank recapitalisation exercise, praising the Central Bank of Nigeria (CBN) for strengthening the financial system at a time of global uncertainty.…
The Federal Government has pushed back against claims suggesting there is “hidden spending” within Nigeria’s federation revenues, following interpretations of a recent World Bank report. In a statement released on…
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid renewed global uncertainty driven by rising tensions between the United…