Real Time Financial News Website
Petroleum product marketers are concerned that the instability in petrol prices may result in inconsistent fuel supply across filling stations. Despite there being enough supply from local refineries, such as…
BudgIT, a nonprofit focused on government transparency, has underscored the importance of the National Bureau of Statistics’ (NBS) independence as it works to rebase Nigeria’s Gross Domestic Product (GDP) and…
Wale Edun, Nigeria’s Minister of Finance, has announced that the country’s electricity sector is open for investment during his speech at the #Mission300 African Energy Summit in Dar es Salaam,…
Mr. Ugodre Obi-Chukwu, CEO of Nairametrics, has called for the Nigerian government to award construction contracts only to firms listed on the Nigerian Exchange Limited (NGX). He argues that this…
A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of holding large regulatory reserves mandated by the Central Bank of Nigeria…
The Nigerian government, led by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, is prioritizing economic diversification to enhance prosperity by 2025. The Ministry has launched a new chapter…
Asian stock markets fell on Monday following Donald Trump’s announcement of steep tariffs on Colombian goods in response to the country’s refusal to accept U.S. deportation flights. The move, which…
Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a model for regional growth and innovation. This recognition came during a high-level meeting in…
Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025 World Economic Forum in Davos, Switzerland. Addressing a panel on Africa’s frontier markets, he countered…
Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN) securities, raising the total by 17.7% year-on-year to N13.8 trillion in November 2024. This increase comes as…
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc and 31 other companies. The Nigerian Exchange Limited All-Share Index…
Global markets experienced extreme volatility following Donald Trump’s inauguration, with sharp swings across stocks, currencies, commodities, and cryptocurrencies. The turbulence was primarily driven by investor reactions to Trump’s proposed tariff…
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential term. Historically, the benchmark S&P 500 index has not performed strongly on average during inauguration…
President Donald Trump has announced that the United States will withdraw from the World Health Organization (WHO), citing its mishandling of the COVID-19 pandemic and lack of independence from political…
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming his administration’s commitment to resolving challenges that hinder the company’s progress. He urged the…
In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a 223.64% return. This performance was largely driven by a strong…
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing boosted the company’s market capitalization to N1.29 trillion, solidifying its…
The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part of its strategy to enhance digital infrastructure and drive economic…
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined non-current liability of N3.62 trillion as of September 2024, marking a 32.1% increase…
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68 points. Market capitalization also declined by 2.26% to N62.85tn, marking an N1.45tn reduction in…
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. These initiatives, introduced as…
The National Bureau of Statistics (NBS) has removed its recently published “Crime Experience and Security Perception Survey 2024” report from its official website. The report, initially released on December 17,…
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) held a high-level bilateral meeting on the sidelines of the 2025…
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff increase of 30 to 60 percent for telecommunications services, including calls and data.…
Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7 million units, according to the latest IDC Worldwide Quarterly Mobile Phone Tracker report. This…
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding (MoU) to enhance consumer protection in the telecommunications industry. The…
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to Udeme Ufot, former chairman of the Advertising Regulatory Council of…
The federal government is optimistic about meeting its ambitious N36.35 trillion revenue target for 2025, thanks to significant economic reforms. Speaking at a National Assembly hearing on the 2025 Appropriation…
The Nigerian government has introduced a new initiative called the Digital Trade Desk, aimed at accelerating funding for local startups. The initiative, unveiled by the Minister of Communications, Innovation, and…
The United States is introducing stricter regulations on the export of advanced AI chips and related technology to numerous countries, aiming to safeguard national security and maintain global AI leadership.…