Real Time Financial News Website
The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a staggering N5.15 trillion within the first four trading days of June…
The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic, financial, and security investments in the country. The assurance was given by British High…
Nigeria’s currency recorded a significant milestone on Thursday as the naira strengthened below the N1,360/$ mark for the first time in four weeks, reflecting growing confidence in the country’s foreign…
Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States, and Israel rattled global investors. The escalation has raised fears of prolonged…
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the first quarter of 2026. This represents a 14.07% increase compared…
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking its weakest performance in over four years, according to fresh…
Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates, according to the African Development Bank (AfDB). The revelation points to a major…
President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial institutions, stressing that deeper collaboration is crucial for unlocking investment opportunities and accelerating economic…
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as strong investor appetite for government securities pushed stop rates higher…
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors continued to lock in profits from recent gains. The sustained…
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37 billion as international investors increased their exposure to the country’s…
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy framework, stressing that the country’s economic stability increasingly depends on…
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors alike. From delayed documentation processes to concerns over access to…
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest foreign exchange activity recorded by the Central Bank of Nigeria…
More than a month after Nigeria was included in China’s zero-tariff arrangement for African exports, expectations are rising—but so are concerns. While the policy is designed to boost trade, many…
The African Export-Import Bank (Afreximbank) is ramping up efforts to turn the African Continental Free Trade Area (African Continental Free Trade Area) from policy into real commercial action, introducing a…
Dangote Industries Limited has once again solidified its reputation as a continental powerhouse after being named Africa’s Most Admired Brand for the eighth consecutive year in the Brand Africa 100…
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market capitalisation within just two trading sessions. The decline, recorded across Monday…
Nigeria’s stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian Exchange (NGX) growing from a market capitalization of N30 trillion in 2023 to an…
Nigeria’s Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first quarter of 2026, despite ongoing power outages that left millions of households and businesses grappling with…
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the T+1 settlement cycle, marking a historic shift that places the…
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to manage an estimated N10.90 trillion inflow in June 2026, driven…
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside the banking system back into formal financial channels, as part…
Nigeria has taken a major step to unlock its vast mineral wealth as it signs a new partnership with Türkiye aimed at attracting foreign investment into its solid minerals sector,…
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing currencies in May, ranking 12th across the continent. The local…
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle, making it the first market in Africa to adopt the faster post-trade system.…
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a move aimed at expanding access to banking services and accelerating…
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned that the nation could lose a substantial share of the…
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound after months of contraction, according to fresh data from the…
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about N111.48 billion worth of shares on the Nigerian Exchange (NGX). The decline…