Real Time Financial News Website
A new World Bank report has revealed that Nigeria’s social safety-net programs are failing to reach the citizens who need them most. Despite billions of naira spent annually to reduce…
Nigeria’s recent $2.35 billion Eurobond issuance, its largest in four years, has reignited discussions on the country’s debt sustainability and fiscal strategy. The two-tranche sale—$1.25 billion 10-year bonds at 8.63%…
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for micro, small, and medium enterprises (MSMEs) across the country. The…
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to empower licensed BDC operators to strengthen foreign exchange inflows and stabilise…
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration focuses on technology transfer, vocational training, and legal migration—key elements…
Over 700 small and medium enterprises (SMEs) across Nigeria have received a combined ₦1.1 trillion in funding through development finance institutions and local capital mechanisms — a major milestone in…
China has reaffirmed its commitment to bolstering economic and industrial cooperation with Nigeria, with a pledge to inject new energy into global supply chain stability. Speaking at the 2025 China…
Nigeria’s foreign exchange reserves are on track to hit $45 billion by the end of 2025, buoyed by strong investor demand for the country’s recent $2.3 billion Eurobond issuance, investment…
The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The initiative, launched by the Minister of Finance and Coordinating Minister…
The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value as uncertainty deepened over the nation’s fiscal policies and escalating…
President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s ongoing fiscal reforms. The appointment, announced by the President’s Special…
The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future depends on the creativity and resilience of small and medium-scale…
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take effect in December 2025. Classified as the Advance Passenger Information…
The International Monetary Fund (IMF) has credited the remarkable stability of the Ghanaian cedi as a major factor behind the country’s sharp drop in inflation this year. After a turbulent…
European markets opened the new trading month on a strong footing Monday, with auto stocks leading early gains as investors brace for a week packed with central bank meetings and…
The Federal Government has assured that the upcoming Nigeria 2026 tax reforms will be implemented through open and continuous consultation with key stakeholders across sectors. Minister of Finance and Coordinating…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has announced that Nigeria’s haulage and logistics industry will be one of the biggest winners from…
Nigeria’s plan to let the Central Bank of Nigeria (CBN) take over control of the nation’s fixed-income market may soon be reversed as government agencies review the proposal, according to…
The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1 trillion economy by 2030. The Minister of Budget and Economic…
The Central Bank of Nigeria (CBN) has clarified that the reported $1.25 billion spent on oil sector imports in the first quarter of 2025 does not represent any form of…
The Federal Government has disbursed about ₦12.5 billion to recover gold from artisanal and small-scale miners across the country as part of efforts to formalise the mining sector and strengthen…
In a bid to promote ethical business practices and strengthen corporate governance, the Financial Reporting Council of Nigeria (FRC) has announced that its Business Integrity Certification (BIC) will be available…
The Bank of Ghana (BoG) has confirmed that the recent weakening of the U.S. dollar played a major role in supporting the Ghanaian cedi’s stability, despite continued pressure in the…
Nigeria’s Securities and Exchange Commission (SEC) has expressed concern over the country’s growing preference for cryptocurrency trading, warning that the trend is diverting funds and attention away from the traditional…
Nigeria’s removal from the Financial Action Task Force (FATF) grey list has been hailed as a major milestone for the country’s economy, with the Director-General of the Securities and Exchange…
The Bank of Ghana (BoG) has announced a significant increase in the biennial licence renewal fees for foreign exchange bureaux, raising the cost from GH¢800 to GH¢2,000. The 150 percent…
Nigeria’s cryptocurrency market has witnessed explosive growth, with more than $50 billion worth of digital asset transactions conducted between July 2023 and June 2024, according to the Securities and Exchange…
The African Export-Import Bank (Afreximbank) has unveiled an ambitious plan to expand its balance sheet to $250 billion within the next 10 years, as part of a bold strategy to…
Petroleum marketers have accused the Dangote Refinery of failing to supply petrol weeks after receiving full payments, raising concerns about transparency and fairness in the fuel distribution process. Several independent…