Real Time Financial News Website
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr. Franklin Nechi, Chairman of Optiva Capital Partners. Speaking in Lagos…
The Central Bank of Nigeria (CBN) is spearheading reforms in cross-border digital payments to drive growth and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) nationwide. Governor Olayemi Cardoso…
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic Product rising from 13 per cent in April 2024 to 33 per cent as…
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the economy, including power, mining and industrial manufacturing. The Federal Ministry…
Nigeria’s Federal Government is making a major push to attract up to $5.7 billion in new Chinese investments to strengthen critical sectors of the economy. The proposed capital inflow, described…
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has officially launched a $50 million Impact Innovation Fund aimed at supporting startups tackling pressing social…
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are signaling the start of a cautious easing cycle. The move comes…
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic Product (GDP) climbing to 33%. Total market capitalization more than doubled, rising from about…
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP) to industrial financing, marking one of the most ambitious moves…
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement of new global trade tariffs. The move, which raises blanket tariffs from…
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial development financing, marking one of the most ambitious manufacturing drives…
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and local governments potentially gaining an additional N14.57tn. The order mandates…
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the benchmark Monetary Policy Rate (MPR) or maintain the current 27.0%.…
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful regulation, the trend could lead to currency substitution and heightened…
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of tax reforms and digitalization initiatives, Finance Minister and Coordinating Minister…
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025, according to data published on the Exchange’s official website. The…
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills (NTBs), Open Market Operation (OMO) bills, and Federal Government of Nigeria (FGN)…
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market, according to a macroeconomic update by financial advisory firm CardinalStone. The…
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in the first nine months of 2025—a 366% increase from $144.19…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address Africa’s $80–120 billion annual trade finance gap. Speaking at the Ecobank Customer Forum…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance institutions across Africa to play a leading role in driving the continent’s industrialisation…
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013. According to data from the Central Bank of Nigeria (CBN), the country’s external reserves…
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank, climbed to $18.7bn as of December 31, 2025, reflecting a $1.9bn increase within one…
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt Exchange Programme (DDEP), marking a major milestone in the nation’s debt management strategy. The…
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and enterprises to private investors in 2026, warning that the initiative seems to prioritise short-term…
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign exchange market on Tuesday, up from N1,344 on Monday, according to the…
The Federal Government of Nigeria has officially launched the GROW Fund, a financing initiative aimed at supporting more than 6,000 young entrepreneurs trained under the Inspire, Create, Start, and Scale…
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries continue to pay disproportionately high borrowing costs. Writing in an opinion piece, Tinubu criticized…
President Bola Tinubu has highlighted the sustained rally in the Nigerian stock market as a clear reflection of the country’s improving economic health. Speaking at the launch of the National…
The President and Chairman of Dangote Industries Limited, Aliko Dangote, has warned that Nigeria cannot achieve meaningful economic growth without solving its persistent electricity crisis. Speaking on Tuesday at the…