Real Time Financial News Website
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental Free Trade Area (AfCFTA), emphasizing that 2026 will focus on implementation rather than policy conceptualization.…
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium Enterprises (MSMEs) nationwide. Announced by the Minister of Finance and Coordinating Minister of…
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09 trillion in September 2025, reflecting tight financial conditions throughout the…
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04 trillion in total assets as of January 31, 2026. This marks a…
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday, maintaining stability as investor confidence grows. Analysts say the psychological milestone of…
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move hailed as a major step in modernizing the country’s trade ecosystem.…
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could have serious repercussions for the global economy. In its statement on…
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves climbing to $50.45 billion and the naira showing renewed stability across market segments. The measures,…
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped the naira post its first annual appreciation in 13 years. According to…
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike follows recent airstrikes by the United States and Israel on Iran, reigniting…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at the end of 2025, up from just $3.99 billion in 2023, the…
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to feel tangible improvements, according to analysts at Norrenberger. In a…
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per litre at retail pumps across Nigeria. This follows a recent…
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per cent increase from $3.99 billion recorded at the close of 2023.…
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking its first rate cut of 2026 and signalling cautious…
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion investment partnership with the Africa Finance Corporation (AFC) to develop a…
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and September 2025, surpassing the N5.87 trillion spent on the entire 2024 fiscal year, according…
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the Central Bank of Nigeria’s (CBN) 304th Monetary Policy Committee (MPC) meeting. The…
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt profile, even as the Central Bank of Nigeria (CBN) implements a cautious 50-basis-point cut to…
European stock markets are bracing for a sharp downturn at the start of the trading week following major military strikes by the United States and Israel on Iran — a…
Foreign investor activity on the Nigerian Exchange Limited fell sharply in January 2026, with total foreign transactions dropping by a dramatic 75.08 percent compared to December figures. Data from the…
Nigeria’s equities market ended February on a weak note as bearish sentiment swept across the trading floor of the Nigerian Exchange Limited, wiping off about N1.40 trillion in investor value…
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive Order 9, emphasizing that the directive is aimed at strengthening fiscal governance rather than…
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from February 26, 2026, to February 25, 2027. The announcement, made…
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties in 2026, marking a sharp rise from the N28.23 trillion recorded in…
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it hopes to achieve its ambitious $1 trillion economy target, according…
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized. The World Bank has warned that productivity gaps forming before…
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis points interest rate cut at the conclusion of its 304th…
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step toward economic recovery. At the 304th meeting of the Monetary…
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to the Governor of the Central Bank of Nigeria, Dr. Olayemi…