Real Time Financial News Website
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits, a move expected to boost government revenue while reshaping competition…
Intra-African trade is projected to reach $230 billion by 2026, driven largely by the accelerated implementation of the African Continental Free Trade Area (AfCFTA), according to a new report by…
The World Bank has revised Nigeria’s economic growth forecast for 2026 downward to 4.1 percent, reflecting persistent global uncertainties and domestic structural challenges. This marks a decline from the bank’s…
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed to power-generating companies. In its latest Nigeria Development Update, the global lender noted…
Nigeria’s power sector contributed N62.12 billion in Company Income Tax in 2025, according to the National Bureau of Statistics (NBS). The figure marks a decline from the N77.97 billion recorded…
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest Nigeria Development Update, the institution projected that escalating fuel costs could…
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak that threatens the country’s public finances. According to the April 2026…
Ghana’s economy is showing signs of recovery, according to a recent report by S&P Global Ratings, which affirmed the country’s sovereign credit rating at ‘B-/B’ with a stable outlook. The…
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh controversy, with power generation companies (GenCos) saying they have yet to receive payments despite…
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per cent of federally collected funds, according to a March 2026 report…
Nigeria’s federal revenue landscape is undergoing a historic transformation, with tax and non-oil income increasingly driving government finances. According to a new report by Quartus Economics, tax revenue has grown…
The Federal Government of Nigeria has raised its borrowing plan for 2026 to N29.2 trillion, reflecting a sharp increase in the nation’s fiscal deficit. The new figure, detailed in the…
African economies are facing a sharp financial strain as global oil prices surge by over 50 percent, pushing crude above $100 per barrel amid the ongoing US-Israel-Iran conflict. The African…
The Nigerian business economy is under renewed strain as the ongoing war between the United States and Iran, which erupted on February 28, continues to ripple through local markets. Traders…
Nigeria’s foreign reserves have declined by about $850 million within three weeks, raising fresh concerns among forex traders and market watchers about mounting economic pressures. Data from the Central Bank…
Ghana’s financial landscape is seeing a welcome shift as the Ghana Reference Rate (GRR) falls to 10.06% in April 2026, down from 11.71% in March. The benchmark, which banks use…
Nigeria’s economy maintained its growth streak in March 2026, with the Central Bank of Nigeria (CBN) reporting a composite Purchasing Managers’ Index (PMI) of 53.2 points. This marks 16 consecutive…
The federal government is accelerating its push toward an export-driven economic model, with Finance and Coordinating Minister Wale Edun emphasizing that Nigeria must reposition itself as a major player in…
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation Committee (FAAC) have soared by 161% over the past three years. Analysts warn that this…
Nigeria’s capital importation surged to $6.44 billion in the fourth quarter of 2025, pushing total inflows for the year to $23.22 billion, nearly double the $12.32 billion recorded in 2024,…
Nigeria’s currency, the naira, started April 2026 on a positive note, posting gains across key foreign exchange markets as improved liquidity—driven largely by recent remittance reforms—helped support the local unit.…
German companies are ramping up their interest in Nigeria’s burgeoning food sector, projected to reach €222 billion by 2026. Both nations are exploring stronger cooperation to improve food security, drive…
President Bola Tinubu has officially requested the Senate’s approval to raise Nigeria’s 2026 Appropriation Bill by N9 trillion, taking the total budget from N58.4 trillion to N67.4 trillion. The request,…
Africa loses an estimated $88 billion each year to illicit financial flows (IFFs), Finance Minister and Coordinating Minister of the Economy, Wale Edun, revealed. Speaking at the fifth session of…
The Federal Government has requested the National Assembly’s approval for a N9.09tn increase to the 2026 budget, signaling a major adjustment to Nigeria’s fiscal framework. President Bola Ahmed Tinubu’s proposal…
The Nigerian naira weakened slightly to N1,387 per dollar on Tuesday, up from N1,386.75/$ recorded in the previous session, according to data released by the Central Bank of Nigeria (CBN).…
For decades, Nigeria’s oil sector has been the backbone of the nation’s economy, funding government budgets and providing much of its foreign exchange. Yet today, the industry is at a…
The African Development Bank (AfDB) has cautioned that the ongoing conflict in the Middle East could significantly affect Africa’s economic growth, potentially reducing it by up to 1.5% if the…
Nigeria’s banking sector has grown significantly following the Central Bank of Nigeria’s (CBN) sweeping recapitalisation drive, which strengthened balance sheets and bolstered financial buffers across the industry. Over the past…
Analysts and tax professionals at the 20th Annual Tax Week have hailed Nigeria’s 2025 tax reforms as a key driver for economic growth. The conference, themed “Nigeria’s Evolving Tax Landscape:…