Real Time Financial News Website
Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening roads and airport runways. Speaking to The PUNCH, the U.S.–based…
Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of Miziara in Lebanon and his adopted home, Nigeria. Miziara, a picturesque village of 6,000 perched…
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on imports, warning that it could add an estimated N4 trillion…
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to withdraw a controversial section of the 2025 national budget. The…
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the biggest overhauls of the country’s fiscal framework in decades. The…
The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan forbearance, warning that the current timeline could harm investor confidence.…
Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a flagship initiative by President Bola Tinubu aimed at addressing the country’s estimated 17 million housing…
Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for importers to clear 905 overtime cargoes stranded at various terminals in Lagos State.…
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), called for African countries to drastically reduce their reliance on…
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction, with investors submitting bids worth ₦602.9 billion against an initial offer of ₦100…
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade, industrialization, and business growth across Africa. This was revealed by the bank’s Chief Economist,…
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through the African Continental Free Trade Area (AfCFTA). At the 2025 Afreximbank Annual…
In a striking contradiction, Nigeria—Africa’s leading oil producer—spent N1.19 trillion importing crude oil in the first quarter of 2025, making crude the third most imported commodity, according to data from…
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly in the Lagos Free Zone (LFZ), during a visit by the U.S. Ambassador to Nigeria,…
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from the European Central Bank (ECB). The expected quarter-point cut would bring euro zone borrowing…
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under former President Joe Biden’s CHIPS and Science Act, according to U.S. Commerce Secretary Howard Lutnick. Speaking at…
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5 billion in external borrowing, along with additional loans in Japanese Yen and…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by the end of 2025, recent data shows Nigeria remains significantly behind this target, recording only…
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized the substantial revenue the federal government gains from local investment.…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking a staggering 76.73% increase compared to N701.24 in April 2024,…
The European Commission has revised its euro zone economic growth forecast downward, citing the ongoing trade war initiated by the United States as a primary cause. The updated projections now…
The International Monetary Fund (IMF) has issued a warning about the rapidly growing electricity demand driven by the expansion of Artificial Intelligence (AI) technologies. As AI models and cloud computing…
As the U.S. and China gear up for high-stakes trade negotiations in Switzerland, Beijing has called on Washington to demonstrate sincerity by removing steep tariffs. China’s Commerce Ministry spokesperson, He…
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at the height of the COVID-19 crisis. The loan, received on…
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform bills under consideration. The bills include one that repeals the…
Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), production…
The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on Nigerian goods by the United States, warning that the development could significantly…
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and new trade tensions between the US and China drags the…
The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36 billion from the GH¢4.05 billion submitted for 91-day, 182-day, and…
Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between the U.S. and China. The sell-off in Wall Street on…