Real Time Financial News Website
Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment triggered a bearish trend across both primary and secondary segments. The market was influenced by…
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s continued reliance on foreign suppliers for essential goods. According to the National Bureau of Statistics…
Economic reforms under President Bola Tinubu have pushed Nigeria’s poverty rate to a staggering 63%, according to a recent report released on Thursday by Agora Policy, in collaboration with the…
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business and Public Service (WIMBIZ), has reinforced the importance of capital…
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora Policy Think-tank has revealed. The study, presented by Dr. Mohammed…
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to six percent of GDP, the Central Bank of Nigeria (CBN)…
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a 38.5% decline compared to $659.7 million in the same month…
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by March 31, a move designed to create stronger, more sophisticated…
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. Speaking at the…
Nigerian Breweries Plc has acquired a 29% stake in a recycled Polyethylene Terephthalate (rPET) production facility in Ogun State, marking a major step in its push toward sustainability and responsible…
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the federal government is committed to maintaining stable food prices despite ongoing global economic uncertainties.…
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the eleven months ending November 2025, down from $69.61 billion in the same period…
Nigeria’s spending on imported food and beverages surged to N7.65 trillion in 2025, signaling the country’s growing dependence on foreign food supplies. According to the latest Foreign Trade Statistics report…
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of countries supplying the majority of the nation’s essential goods. According to the National…
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors continued to take profits in selected equities. The selling pressure pushed key market…
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The figure represents more than 72 per cent of the country’s…
The Federal Government has announced the immediate nationwide rollout of about 100,000 Compressed Natural Gas (CNG) conversion kits to help Nigerians cope with soaring fuel costs, as March spending on…
The naira traded at N1,401.4 per dollar on Tuesday at Nigeria’s official foreign exchange (FX) market, marking a continued depreciation. Data from the Nigerian Foreign Exchange Market (NFEM) shows the…
Nigeria is witnessing a renewed boost to its foreign exchange reserves and naira stability, thanks to surging global oil prices. Brent crude recently crossed $93 per barrel—well above the 2026…
Nigeria’s robust economic performance is positioning the country to withstand potential shocks from rising tensions in the Middle East. Finance Minister Wale Edun revealed on Tuesday that the nation recorded…
Nigeria’s non-oil exports reached N12.36 trillion in 2025, marking a significant milestone in the country’s effort to diversify its economy beyond crude oil. The latest Foreign Trade in Goods Statistics…
President Bola Tinubu yesterday welcomed Taiwo Oyedele, the Minister of State for Finance-designate, at the State House, in a clear signal of the administration’s commitment to deepening fiscal and tax…
Nigeria’s Naira has returned to the N1,400 mark, reversing the optimism seen just weeks ago when many believed the currency would strengthen below N1,300. Analysts had predicted a surge toward…
Nigeria’s manufacturing sector has significantly boosted Value Added Tax (VAT) revenue, with payments reaching N875.420 billion in the first nine months of 2025. This figure not only surpasses the N566.011…
Nigeria is preparing to host the fifth edition of the Intra-African Trade Fair (IATF) in Lagos from November 5 to 11, 2027, with an ambitious goal to surpass the $48.3…
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot prices of petrol and diesel to N1,175 and N1,620 per litre, respectively. The sudden adjustment has…
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction scheduled for March 11, 2026, marking the apex bank’s second major…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81 trillion by December, according to the Retirement Benefits Authority (RBA). This represents an…
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) climbing to 56.4 points. This marks the fifteenth consecutive month of…
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent non-performance across the value chain. The Federal Government is confronting an estimated ₦6.5 trillion subsidy-related debt…