Real Time Financial News Website
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy financial pressure, with little relief felt across the private sector.…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following the Central Bank of Nigeria’s (CBN) decision to withdraw long-standing regulatory…
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of jet fuel in April 2026. The achievement comes as global fuel trade routes continue…
The Nigerian naira ended May 2026 at N1,372 against the United States dollar, marking a relatively stable performance despite ongoing global economic uncertainties. Although the local currency recorded a slight…
Nigeria’s private sector has recorded a sharp contraction in lending, with credit falling by over N14 trillion within just two months. According to the latest Central Bank of Nigeria (CBN)…
South Korea’s benchmark Kospi index surged to a fresh record high on Tuesday, leading gains across Asian markets as trading resumed after a public holiday. Investor confidence was lifted by…
African capital markets have been urged to expand their investment focus beyond traditional sectors such as oil, banking, and manufacturing, toward the continent’s fast-rising creative and innovation economy. The call…
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are still struggling with major structural and financial barriers. According to stakeholders in the…
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government cancelled $717.7 million in undisbursed funding under the World Bank-backed Power Sector Recovery Performance-Based…
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026, according to the latest report released by the National Bureau…
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from foreign exchange demand continued to weigh on Nigeria’s currency, even…
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%, signaling a cautious stance as inflationary pressures begin to resurface.…
Nigeria and the wider African business landscape are set for a packed week of economic signals and high-level policy discussions, with major updates expected from the National Bureau of Statistics…
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in prices. The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM)…
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May 2026, signaling renewed strength in the country’s external finances and…
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction held on May 20, 2026, significantly surpassing its initial offer…
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to the latest Central Bank of Nigeria (CBN) data. The movement reflects renewed…
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from Q1 2026 pointing to stronger trade performance. The improvement follows ongoing federal reforms,…
Asia-Pacific stock markets ended Friday on a strong note as investors reacted positively to ongoing diplomatic efforts between the United States and Iran aimed at securing a peace agreement in…
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected to influence investment strategies across Nigeria’s mutual fund and pension…
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the year. The Euro now trades around ₦1,592.5, down from ₦1,684,…
The World Bank Group has announced an ambitious plan to mobilise around $23 billion in private capital for Africa, in a major push aimed at accelerating development, job creation, and…
The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has significantly reduced, with interventions now accounting for less than 2% of total…
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its latest Monetary Policy Committee (MPC) meeting held in Abuja. The decision reflects the…
Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance companies paying a combined N15.2 billion in income taxes, more than double the N6.6…
President of the Dangote Group, Aliko Dangote, has revealed that the planned listing of Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange (NGX) is aimed at giving Africans a…
Africa is set for a major boost in development financing as the World Bank’s Multilateral Investment Guarantee Agency (MIGA) plans to more than double its annual guarantees to $6.4 billion…
Across Africa, a strange economic contradiction is unfolding: countries rich in natural gas reserves continue to suffer widespread energy poverty. Despite holding over 200 trillion cubic feet of gas in…
Nigeria’s oil and gas sector is undergoing a major transformation as local content policies continue to reshape the industry, boosting indigenous participation and reducing reliance on foreign operators. New figures…
A growing mismatch between the skills African workers have and what employers actually need is becoming a major barrier to economic growth, job creation, and business expansion across the continent.…