Real Time Financial News Website
Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira. Over the past few years, the naira’s value has plummeted…
The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of its strategy to enhance wealth creation through the agricultural sector…
Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission (NCC). A total of 8,708 telecom subscribers switched networks, up…
Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion in the second quarter of 2025, according to their earnings…
China’s sovereign bond yields reached their highest levels of the year, as investor optimism about economic growth led to reduced demand for government bonds. The yield on China’s 10-year government…
The U.S. dollar is under pressure, trading near a four-month low against major currencies as concerns over a potential global trade war dominate market sentiment. Investors have grown wary following…
The Naira experienced a reversal of recent gains last week, depreciating against the U.S. dollar in both the official and parallel markets. By the close of trading, the naira weakened…
China’s economy is grappling with increasing uncertainty on the international front, as well as domestic challenges, according to top economic official Zheng Shanjie. Speaking at a news conference on March…
The International Monetary Fund (IMF) has praised the reforms implemented by Nigeria’s Bola Ahmed Tinubu-led government, noting that these measures have restored economic stability in the country. IMF’s First Deputy…
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of listing State-Owned Enterprises (SOEs) on the Ghana Stock Exchange. This…
The Central Bank of Nigeria (CBN) is expected to maintain the stability of the naira in the coming weeks through its ongoing interventions in the foreign exchange (FX) market. Recently,…
The Bank of Ghana (BoG) has decided to suspend its Gold-for-Oil program due to operational and policy challenges that resulted in financial losses. The initiative, which aimed to reduce the…
The Nigeria Customs Service (NCS) has announced the full integration of all commercial banks for Form ‘M’ openings, a significant step in improving Nigeria’s trade facilitation processes. This move is…
Nigeria’s selling price inflation slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report. Despite persistent inflationary pressures, the rate…
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, is recalibrating its monetary policy tools to enhance the nation’s financial system’s resilience amid evolving economic challenges.…
Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or declining. Professor Bongo Adi, a renowned economist from the Lagos…
Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP following the rebasing of its economic data. Valued at $2.14…
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market interventions, asserting that the bank’s policies are successfully stabilizing the…
Vietnam is set to revise its 2025 GDP growth target upwards, now aiming for at least 8% compared to the previous target range of 6.5%-7.0%. Minister of Planning and Investment…
Nigeria and the United Arab Emirates (UAE) have signed an amended Bilateral Air Service Agreement (BASA), aimed at enhancing aviation collaboration and fostering mutual benefits between the two nations. The…
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee (MPC) meeting, shifting it from the initially scheduled February 17 and 18,…
Vice President Kashim Shettima recently inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) as part of the Nigerian government’s efforts to achieve a trillion-dollar economy by 2030. During…
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until March due to the delayed release of the rebased Consumer Price Index…
The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest, which was set for February 4, 2025, in response to the proposed 50% increase in telecommunications tariffs. This decision…
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N1.18bn in pension arrears over the past five years, benefiting thousands of retired federal workers. According to data from BudgIT’s GovSpend platform,…
The Central Bank of Nigeria (CBN) is finalizing the verification process for the remaining $2.4 billion foreign exchange (FX) backlog, with payments for valid claims set to begin soon. CBN…
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for introducing the Nigerian Foreign Exchange (FX) Code, describing it as a crucial step towards enhancing…
Nigerian telecom subscribers, led by the National Association of Telecommunications Subscribers (NATCOMS), are taking legal action against the Nigerian Communications Commission (NCC) following a contentious 50% hike in call and…
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has warned financial institutions that violations of the newly introduced Nigeria Foreign Exchange (FX) Code will result in severe penalties. Speaking…
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the N150bn Series 1 issuance of the Real Estate Investment Fund (MREIF). This initiative,…