Real Time Financial News Website
President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are unfairly keeping petrol prices high despite a sharp decline in…
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in July and extending into the third quarter of 2026. The…
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026, marking its weakest closing rate in four weeks. Latest data…
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers predicting that many vehicle owners who switched to Compressed Natural Gas (CNG) could…
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after global rating agency Fitch warned that the deal could create significant debt risks…
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the United Nations Conference on Trade and Development (UNCTAD). The surge reflects…
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are still holding a massive N5.19 trillion outside the banking system as of…
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World Bank report shows that just nine countries are responsible for…
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African financial markets, calling for stronger cooperation that will boost cross-border investment, innovation, and long-term…
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum of Understanding (MoU) between Nigeria’s Securities and Exchange Commission (SEC)…
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy despite the Central Bank of Nigeria’s efforts to keep monetary conditions…
Nigerian businesses are entering a high-pressure compliance season as two major tax obligations converge at the end of June: Company Income Tax (CIT) filing and the rollout of the federal…
Nigeria’s inflation outlook may be heading for slight relief as analysts project that the Nigeria inflation rate June 2026 could ease to 15.8%, even as households continue to face persistent…
Nigeria’s foreign exchange market recorded a noticeable uptick in activity, with total turnover in the FX spot and derivatives segments rising 7.7% to $2.32 billion in the week ended June…
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength in the country’s external financial position. According to data from…
Nigeria’s push toward a greener and more digitally driven economy has received a major boost as the Development Bank of Nigeria (DBN) and the European Investment Bank’s development arm, EIB…
Nigeria’s tax revenue recorded a sharp increase in the first five months of 2026, rising by 49% year-on-year to N15.8 trillion, according to data reported by Bloomberg. The growth significantly…
The Nigerian stock market extended its losing streak on Wednesday, wiping out about N2.5 trillion in just three days as cautious investor sentiment continued to weigh on trading activity. The…
The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in the United Kingdom’s political and economic landscape weighed heavily on the sterling. The…
Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new data released by the Central Bank of Nigeria (CBN). The figures,…
The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025, providing much-needed clarity for taxpayers, tax authorities, and other stakeholders navigating the transition from…
Nigeria’s solid minerals sector has recorded a major boost, attracting about $3bn in investment inflows within the last three years, according to the Federal Government. Officials described the development as…
The African Export-Import Bank (Afreximbank) has called on Nigeria and other African countries to urgently deepen intra-African trade as a strategy to strengthen economic resilience amid rising global uncertainties. The…
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the first quarter of 2026, marking a sharp 255.7% increase compared to…
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking one of the steepest short-term declines in recent months. The…
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49 trillion at its Nigerian Treasury Bills (NTB) auction held on Wednesday, June 17, 2026.…
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per cent interest rate environment is threatening the sustainability of the sector and the country’s ambitious…
Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income market amid high interest rates and improving foreign exchange stability.…
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on fuel and telecommunications services in Nigeria, following reactions to the latest International Monetary Fund…
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian Foreign Exchange Market (NFEM), compared to N1,356.5/$ recorded in the previous trading session.…