Real Time Financial News Website
The Central Bank of Nigeria (CBN) has stated that its recent economic reforms have played a key role in shielding Nigerians from the worst effects of global economic disruptions. According…
Nigeria is ramping up efforts to close its massive infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043, according to the Infrastructure Concession Regulatory Commission (ICRC). The agency says…
The Nigeria Revenue Service (NRS) has announced plans to launch its next-generation revenue administration platform, Rev360, in a move aimed at modernizing Nigeria’s tax system. The platform is scheduled to…
The African Export-Import Bank (Afreximbank) has reported strong financial results for the 2025 fiscal year, posting solid growth in profitability and expanding its balance sheet to support trade financing across…
The Nigerian Senate has intensified its oversight of the Nigerian National Petroleum Company Limited (NNPCL), demanding full accountability over an alleged ₦210 trillion unaccounted for in audit reports spanning 2017…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not considering borrowing from the International Monetary Fund (IMF). He made…
There are strong indications that contractors owed by the Federal Government for capital projects may soon begin receiving payments, as members of the House of Representatives say disbursement could commence…
Nigeria’s economy is entering 2026 with a mixed outlook as new fiscal policy measures ease import duties on essential goods, offering some relief to businesses and consumers. The 2026 Fiscal…
Nigeria’s taxpayer register has expanded dramatically from 10 million to 100 million, marking one of the most significant shifts in the country’s fiscal structure. While officials describe the development as…
Nigeria’s electricity crisis has deepened after new data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 9,536 megawatts of installed power generation capacity remained unused in March. Out of…
European stocks rose modestly on Thursday as investors reacted to stronger-than-expected UK economic growth and growing optimism around diplomatic efforts linked to Iran peace negotiations. The positive tone in global…
Snapchat’s parent company, Snap Inc., has announced plans to lay off about 16% of its global workforce, affecting roughly 1,000 employees, as part of a major restructuring effort aimed at…
Nigeria’s rising federation revenue has come with a hidden cost. Although total earnings hit about N84tn over the past three years, a staggering 41 per cent was deducted at source…
The naira appreciated to N1,348 per dollar on Tuesday in the official foreign exchange market, marking a mild but notable gain as the U.S. dollar weakened to its lowest level…
Nigeria’s economic outlook has taken a cautious turn as the International Monetary Fund (IMF) reduced the country’s 2026 growth forecast to 4.1 percent, down from an earlier projection of 4.4…
The Nigeria Revenue Service (NRS) has been urged to embrace technology and strengthen institutional efficiency to sustain its recent revenue growth and improve service delivery across the country. This call…
President Bola Tinubu is expected to sign the ₦68.323 trillion 2026 national budget at any moment after it was officially transmitted to him by the National Assembly. The development signals…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is heading into the 2026 Spring Meetings of the International Monetary Fund and the World Bank in Washington…
Nigeria’s crude oil production recorded a slight improvement in March 2026, rising to 1.38 million barrels per day (bpd), according to the latest monthly oil market report released by the…
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates (UAE) and India emerging as the country’s leading export destinations.…
Asia-Pacific markets closed mostly higher on Tuesday as investors held onto cautious optimism that a diplomatic breakthrough between the United States and Iran could still be within reach. The fragile…
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March 2026, exporting 44,000 barrels per day of gasoline. For the…
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that focuses on lifestyle and spending habits. Rather than relying solely…
Global financial markets ended the week on a mixed but cautiously optimistic note, as stocks rose across major indices while oil prices dropped sharply. The shift came after reports of…
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight measures for virtual asset service providers and fintech platforms. The…
The Federal Government has reached the final stage of preparations for the Medium-Term National Development Plan (MTNDP 2026–2030), a key policy framework designed to guide Nigeria’s economic direction over the…
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity pressures eased following the festive season spending surge. The development…
The International Monetary Fund (IMF) is preparing to revise down its global economic growth forecast, warning that escalating tensions between the United States and Iran are creating fresh instability in…
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further liberalise its downstream petroleum sector, arguing that the proposal contradicts…
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed at easing food prices and supporting economic stability. Under the…