Real Time Financial News Website
The Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the first six months of 2025, according to data from the…
Nigeria’s stock market continued its upward momentum this week, hitting a new all-time high as investors responded positively to ongoing economic reforms and improved policy coordination. The Nigerian Exchange Limited…
Ghana’s cedi has made an impressive comeback in October 2025, reclaiming lost ground and restoring investor confidence after months of volatility. The local currency, which struggled through the third quarter,…
The House of Representatives was sharply divided on Tuesday over a motion seeking to protect the Dangote Refinery and other major private investments from what lawmakers described as “unlawful and…
The Federal Inland Revenue Service (FIRS) has announced that beginning January 1, 2026, a new tax regime will officially take effect to eliminate multiple federal taxes and simplify compliance for…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in partnership with the Federal Inland Revenue Service (FIRS), has launched a nationwide revenue recovery initiative to strengthen Nigeria’s fiscal governance and…
Nigeria’s tax landscape is set for a major transformation as the federal government unveils a new tax regime effective January 1, 2026, offering multinational and local companies a five-percent annual…
The International Monetary Fund (IMF) has issued a stark warning to Nigeria and other Sub-Saharan African countries, urging urgent reforms in tax systems and debt management to counter rising fiscal…
Rising interest rates and tougher lending conditions are discouraging more Nigerian informal businesses from taking loans, according to the 2025 Informal Economy Report by Moniepoint Microfinance Bank. The report revealed…
Oyo State Governor Seyi Makinde has reaffirmed his administration’s commitment to unlocking economic prosperity and sustainable development through the African Continental Free Trade Area (AfCFTA). The governor launched the Oyo…
Nigeria’s economic leadership took the global stage in Washington, DC, this week, unveiling a bold and data-driven roadmap toward sustained growth and stability. Speaking at the Nigeria Investors Forum, held…
The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market capitalisation fell by ₦4 billion amid a significant drop in trading volume and weakening…
At a high-level meeting on the sidelines of the 2025 IMF–World Bank Annual Meetings in Washington, Ghana’s innovative approach to natural resource management earned widespread praise from several African Finance…
Nigeria’s currency began the week on a mild downward note as the naira slipped to N1,467 per dollar on Tuesday, compared to N1,460/$1 at Monday’s close. According to data from…
Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing fiscal reforms aimed at boosting government revenue and economic resilience, according to a…
Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in the FTSE Frontier Market Index if it proceeds with the proposed Capital Gains…
Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World Bank’s latest Africa Pulse Report. Despite experiencing mild depreciation in recent weeks, the…
The World Bank has called on the Nigerian government to sustain its current wave of economic reforms by tightening fiscal and monetary policies, improving transparency in public finance, and maintaining…
As Nigeria continues to navigate waves of technological disruption and economic uncertainty, the Financial Reporting Council of Nigeria (FRC) and the Securities and Exchange Commission (SEC) have renewed their call…
European markets climbed on Wednesday as investors reacted positively to the European Union’s proposal to slash tariff-free import quotas on steel and double import tariffs from 25% to 50% for…
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at boosting economic growth and expanding internet access nationwide. Speaking at…
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting raw minerals and instead focus on industrialising their mineral resources…
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push for regional economic integration despite currency headwinds. According to the…
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed Hope Initiative (RHI), the flagship empowerment programme led by Nigeria’s…
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by improved foreign exchange inflows and a weaker dollar following disappointing…
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant in Gode, Ethiopia, marking one of the continent’s most ambitious…
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would attract more companies to the Nigerian Exchange (NGX) and boost investor confidence. Speaking in…
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming national industrial policy if the country is to achieve true industrialisation. The association stressed…
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27 percent, a move aimed at easing borrowing costs for small…
The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension industry, expanding health insurance coverage for retirees, and boosting inclusion…