Real Time Financial News Website
Nigeria’s money market is expected to receive a significant boost this week as approximately N500 billion from maturing Open Market Operation (OMO) bills flows back into the banking system. The…
Wall Street is preparing to close out the first half of the year on a strong note, with U.S. stock futures rising Tuesday after the Dow Jones Industrial Average reached…
Ethiopia has taken a major step toward resolving its long-running debt crisis after reaching a preliminary agreement with key bondholders to restructure its defaulted $1 billion international bond. The deal,…
The Federal Executive Council (FEC) has approved a massive financing package worth approximately $2.96 billion, €200 million and N215 billion to fund key projects across transportation, agriculture, power, infrastructure and…
Africa’s digital economy is entering a transformative phase, and Flutterwave’s latest milestone is offering a glimpse into just how far the continent has come. The African fintech giant announced that…
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent increase in the volume of natural gas burned off during…
Nigeria’s trade relationship with the United States took a significant turn in the first quarter of 2026, as demand for Nigerian goods in the American market declined sharply while imports…
Nigeria’s growing debt burden is raising fresh concerns among economic analysts after debt servicing costs consumed nearly 72 per cent of federally generated revenue in the first nine months of…
Nigeria’s journey toward sustainable economic growth depends heavily on the successful implementation of economic reforms and the strengthening of institutions, according to Chairman of NGX Group Plc, Dr. Umaru Kwairanga.…
U.S. stock futures climbed sharply on Monday as investors welcomed signs of renewed strength in technology shares and a temporary halt in hostilities between the United States and Iran. Dow…
U.S. Treasury yields showed little movement on Monday as investors adopted a cautious stance ahead of a series of important labor market reports expected later this week. Market participants are…
Nigeria’s trade relationship with the United States took a dramatic turn in the first quarter of 2026 as exports to the American market plunged by N365.64 billion, even as imports…
Nigeria’s foreign exchange market recorded a significant boost in trading activity as total turnover on the FMDQ Exchange climbed to $2.84 billion for the week ended June 26, 2026. The…
As Nigeria edges closer to the 2027 general elections, financial analysts are increasingly convinced that the Central Bank of Nigeria (CBN) will maintain its cautious monetary policy stance, keeping interest…
Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has…
Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics industry if the right investments, policies and infrastructure are put in place,…
Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time, highlighting the growing impact of regional trade agreements and improved market access…
U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in the Middle East. Despite fresh concerns surrounding the region, declining…
Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching an estimated $213.8 billion compared to $202.7 billion recorded in…
Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and olive oil emerging as the leading export commodities driving trade…
Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that could raise up to $2 billion and become the biggest…
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing expensive finished products, warning that the practice continues to deprive…
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño weather phenomenon may significantly reduce hydropower generation across West Africa.…
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion recorded the previous year. According to the African Export-Import Bank…
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes for the rest of the year. Market analysts believe two…
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at N1,389 per dollar at the official foreign exchange market. According…
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless transactions between African currencies without relying on the U.S. dollar…
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned the Federal Government against implementing tax reforms that could place…
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to flow into the banking sector. According to the latest report…
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent within a year, prompting the Manufacturers Association of Nigeria (MAN)…