Real Time Financial News Website
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes on telecommunications services and petroleum products, following reactions to the International…
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through a grassroots-driven model under President Bola Ahmed Tinubu’s Renewed Hope Development Plan. The initiative is…
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the growing economic partnership between both nations despite shifting global economic conditions. The UAE said Nigeria…
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between 2023 and April 2026, the Federal Government has released only N2.68 trillion, representing less than five…
West African trade and industry leaders have taken a major step toward deepening regional economic integration after the fifth ECOWAS Ministers of Trade and Industry meeting (ECOMOTI-5) in Ghana, where…
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on Wednesday, June 17, 2026, in a move that continues to…
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two weeks of June 2026. The increase has pushed the country’s gross reserves to…
Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin inflows in sub-Saharan Africa, according to a new International Monetary Fund…
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn into Nigerian bonds in the first quarter of 2026. The surge reflects growing confidence in the…
The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued despite recent improvements in the foreign exchange market. According to the fund’s latest assessment, the local…
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (petrol), slashing it by N75 per litre in a move that is expected to ease…
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity control measures, withdrawing an estimated N3.83 trillion from circulation. The move, aimed at…
Global relief as US–Iran peace deal calms energy markets A newly announced peace agreement between the United States and Iran has begun to reshape global economic expectations, following months of…
U.S. stock futures were mostly unchanged on Tuesday following a strong rally in the previous session that pushed the Dow Jones Industrial Average to a fresh record close. The upbeat…
The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign exchange market, its best performance since April 23, 2026. The appreciation…
Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising to 7.93 billion standard cubic feet per day (bcf/d). This represents a…
Nigeria’s inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on households and businesses across the country. Fresh data released by the National Bureau…
Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies are showing remarkable financial resilience, with operating cash flows rising significantly faster than profits. Data from…
Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally that has transformed the Nigerian Exchange Limited (NGX) into one of the continent’s top-performing financial…
Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its liquidity tightening campaign, pushing investors to quickly reposition into short-term government debt. The aggressive…
The naira came under renewed pressure this week as weaker dollar supply in the foreign exchange market triggered fresh depreciation across trading windows. Despite rising external reserves, reduced liquidity continues…
Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about N30 trillion in 2023 to more than N160 trillion by mid-2026 under…
The price of petrol in Nigeria may soon see a major relief, with industry operators suggesting that Premium Motor Spirit (PMS) could drop to as low as N900 per litre…
Global oil prices fell sharply on Monday while stock markets surged after the United States and Iran announced a landmark peace deal aimed at ending months of conflict and reopening…
Nigeria’s Company Income Tax (CIT) collections recorded a notable decline in the first quarter of 2026, as new data from the National Bureau of Statistics (NBS) shows that total revenue…
Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42 trillion in the first quarter of 2026, according to fresh data released…
The United Kingdom has announced a £15 million Growth Programme for Nigeria, a strategic initiative aimed at accelerating economic reforms, attracting private investment, and supporting long-term sustainable growth across key…
Nigeria’s Value Added Tax (VAT) revenue has recorded a strong start to 2026, rising to N2.42 trillion in the first quarter, according to fresh data released by the National Bureau…
The World Bank has revised Nigeria’s economic growth projection downward to 4.1% for 2026, warning that deep-rooted structural challenges continue to slow the country’s ability to fully benefit from rising…
Nigeria is set to take a bold step toward its long-term economic ambitions with the launch of the New Nigeria Festival, a national platform designed to accelerate innovation, attract global…