Real Time Financial News Website
In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China is “not afraid” of the escalating trade war. His comments,…
Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a rise in the country’s Purchasing Managers’ Index (PMI) to 52.3…
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering, once the company gets back on solid financial footing. MTN…
Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his planned “reciprocal” tariffs. The S&P 500 surged by 9.5% by…
The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax revenue target of GH₵39 billion by collecting GH₵41 billion. This…
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month increase. This spike was attributed to a rise in inflows…
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical cables, including aluminium conductors, despite the country’s full local production…
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are actively preventing local government chairmen from opening accounts with the…
Asian markets faced a sharp decline on Monday, deepening a global stock market rout spurred by the escalating trade war between Asian markets faced a sharp decline on Monday, deepening…
On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing concerns over President Donald Trump’s impending tariff announcements. The Dow…
In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited’s board. The move saw the dismissal of Chief Pius Akinyelure, the…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion), representing 23.14% of the nation’s GDP. This marks a 0.30% increase from the previous quarter…
World markets experienced sharp declines on Monday, with gold prices hitting a record high as global trade tensions escalated. U.S. President Donald Trump’s remarks on Air Force One indicated that…
Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears of an escalating trade war loomed following U.S. President Donald Trump’s…
TotalEnergies Marketing Ghana PLC reported a notable increase in profits for 2024, posting GHS 286.67 million in profit after tax, a significant rise from GHS 167.91 million in 2023. This…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU) Ambassador to Nigeria, Gautier Mignot, in Abuja on Wednesday to discuss a…
The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by telecommunications providers. This decision follows a motion by Senator Asuquo Ekpenyong of…
Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have strongly opposed the decision of the Dangote Petroleum Refinery to sell refined petroleum…
The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding debts for gas supply. These payments will cover monthly invoices,…
U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump’s stance on trade tariffs may be softening, alleviating fears of an all-out trade war. The benchmark…
The Nigerian stock market continued its downward trend last week, marking its fourth consecutive week of losses. This downturn was largely driven by losses in highly capitalized stocks across various…
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making strides in boosting crude production and attracting investment. The attack,…
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2% increase. This robust performance was fueled by strong agricultural harvests and impressive growth in the…
Bitcoin (BTC) has been holding steady above $82,000, with market participants eagerly awaiting the outcome of the Federal Open Market Committee (FOMC) meeting. Despite the typical volatility that often accompanies…
In a significant policy shift, the Ghanaian government has abolished the Electronic Levy (E-Levy), betting tax, and other taxes as part of its commitment to improve financial inclusion. Deputy Finance…
In a surprising development, the Central Bank of Nigeria (CBN) sold its one-year Treasury bills at a yield of 22.52%, marking a notable increase from 21.68% seen earlier this year.…
Finance Minister Dr. Cassiel Ato Forson has revealed that the Bank of Ghana (BoG) is facing a critical financial crisis, with a negative equity of GHS 55 billion. This financial…
In 2024, President Bola Tinubu’s oil and gas sector reforms attracted approximately $17 billion in foreign investment to Nigeria. According to the Nigerian National Petroleum Company Limited (NNPC Ltd), these…
U.S. Treasury yields fell slightly on Wednesday as investors anxiously awaited the release of the latest consumer inflation data and kept a close eye on tariff developments. At 4:40 a.m.…
Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to N138.03 trillion. This surge, driven largely by the devaluation of…