Real Time Financial News Website
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the requirements to operate under its newly updated regulatory framework. This announcement, made…
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its citizens. Speaking at the Lagos Country Club Business Forum 2.0,…
British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch a $50 million credit facility aimed at driving growth for…
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector collaboration, and deeper regional integration, according to the Federal Government. The assurance comes on the heels…
South Africa’s business confidence saw a notable rebound in the final quarter of 2025, reversing two consecutive declines as the economy showed signs of renewed momentum. The RMB/BER business confidence…
The Nigeria-South Africa Chamber of Commerce (NSACC) marked a significant milestone this week, celebrating 25 years of fostering trade and investment between Africa’s two largest economies. The silver jubilee gala,…
The Federal Government has presented a N54.43tn national budget for 2026, unveiling a financial plan marked by a record-breaking deficit and rising debt service obligations. With total revenue estimated at…
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in Abuja, blocking both entrances as they intensified their demand for…
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners, including major banks and companies, for defaulting on statutory land charges in Abuja. Among the high-profile…
The Nigerian economy continued its upward momentum in November as the Composite Purchasing Managers’ Index (PMI) rose to 56.4 points, marking the twelfth consecutive month of expansion, the Central Bank…
Nigeria’s Auditor General has raised serious concerns over the management of the Central Bank of Nigeria’s (CBN) flagship Anchor Borrowers’ Programme (ABP), revealing that N629.04 billion in loans remain unrecovered.…
The Dangote Group and the Kano State government have announced a strengthened partnership aimed at boosting business activities and social programmes across the state. The announcement was made during the…
Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has…
The Bank of Ghana (BoG) is stepping up efforts to bring down lending rates, with Governor Dr. Johnson Asiama reaffirming his target of a 10 percent average rate before the…
The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s high lending rates, warning that steep borrowing costs are crippling production and eroding the competitiveness of local…
The Central Bank of Nigeria’s (CBN) decision to keep the Monetary Policy Rate (MPR) at 27 percent has sparked fresh concerns among economists and business leaders who fear the tight…
Nigeria has officially announced its readiness to host the 2026 Airports Council International (ACI) Africa Regional Conference and Exhibition. The confirmation followed a high-level visit by ACI Africa Secretary-General, Ali…
Nigeria’s push to rebuild fiscal fairness is reshaping how businesses, investors and everyday citizens experience taxation. After decades of oil-dependence, fragmented tax structures and inconsistent incentives, the government has embarked…
Lagos State Government (LASG) has unveiled plans to strategically deploy the proceeds from its latest bond issuance, totaling N244.82 billion, into critical sectors that underpin the state’s growth and development.…
The naira closed the week on a weaker note as pressure in the foreign exchange market pushed the currency down to ₦1,456.72 per dollar at the official window, marking a…
Ghana is poised for a significant economic rebound in 2026, thanks to strong disinflation trends and declining interest rates, according to the Centre for Policy Scrutiny (CPS). In its review…
The Dangote Group is set to make a significant impact at the Kano International Trade Fair, running from November 22 to December 6, 2025. The multinational conglomerate confirmed full participation…
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone in Nigeria’s journey toward a unified, technology-driven trade system set…
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and a firmer naira. Recent data from the Central Bank’s Purchasing…
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade barriers, despite a decade-long drop in global solar and wind…
Nigeria’s private sector continued its impressive run of growth in October, marking the 11th straight month of expansion as business activities strengthened across key industries. The latest Purchasing Managers’ Index…
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per cent recorded in the second quarter of 2025, according to…
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into the country’s retirement savings net. Speaking at the Annual Conference…
Nigeria’s private sector sustained its growth streak for the 11th consecutive month in October, driven by gains across industry, services, and agriculture, according to the Central Bank of Nigeria (CBN).…
Insecurity and unreliable electricity remain the biggest threats to business stability and profitability in Nigeria, according to the Central Bank of Nigeria’s (CBN) latest Business Expectations Survey for October 2025.…