Real Time Financial News Website
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026, signaling renewed pressure on the country’s external buffers. Data from the Central Bank of…
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting households already struggling with poverty and food insecurity. Residents in states like Ogun,…
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at N1,380.58 in the official foreign exchange market on Friday. Despite minor daily gains, the…
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in investor demand, with over N2.7 trillion poured into one-year securities at its…
The World Bank Group has announced plans to support emerging economies grappling with the ripple effects of the ongoing Middle East conflict, as rising commodity prices and global supply chain…
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International Oil Companies (IOCs), a move that allows them to access 100 percent of…
The federal government and the Nigerian Exchange Group (NGX) are intensifying efforts to boost women’s participation in Nigeria’s capital market, warning that their exclusion hinders economic growth and the nation’s…
European stock markets are poised for a stronger open on Wednesday, lifted by growing optimism that tensions between the United States and Iran could ease. Investors reacted positively to signals…
The European Union has announced a €290 million investment package to strengthen Nigeria’s healthcare, digital, and agricultural sectors, marking a major milestone in EU–Nigeria cooperation. Unveiled during the Eighth Nigeria–EU…
The Dangote Petroleum Refinery has made a major move to support Africa’s energy needs, exporting 12 cargoes of refined petroleum products totaling 456,000 tonnes to Côte d’Ivoire, Cameroon, Tanzania, Ghana,…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels as it transitions to an inflation-targeting monetary policy framework. The apex bank outlined…
European stock markets staged a strong comeback on Monday after U.S. President Donald Trump hinted at a potential de-escalation in tensions with Iran, calming investor nerves following days of uncertainty.…
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling fuel at around N1,333 per litre and some Abuja locations…
European markets are bracing for a sharp downturn as geopolitical tensions between the United States and Iran intensify, sending shockwaves through global financial systems. Investors are reacting cautiously after Donald…
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits, marking a significant step in the country’s ongoing economic reforms.…
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward Asia and the Americas, according to the National Bureau of…
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than on rent, education, and other essential needs combined. A new report by…
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit their spending power, according to the latest Household Expectations Survey released by the Central…
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into 2026, according to the latest data from the Central Bank…
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the economy, expanding opportunities, and strengthening social protections. According to the…
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations of a more stable macroeconomic environment, according to the latest…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa and Tin Can Island port complexes. Adegboyega Oyetola, the Minister…
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX). Speaking during a…
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the Middle East ripple across global financial markets. The local currency,…
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper to practical implementation, emphasizing that “reforms are only as good…
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to strengthen Nigeria’s public finances and drive the country toward a…
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, revealed. Speaking…
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West African countries, a move aimed at modernizing tax administration and…
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC). Speaking with the…
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal channels, according to the Central Bank of Nigeria’s (CBN) latest…