Real Time Financial News Website
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy, and regional integration across Africa. This development was confirmed during…
Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank Settlement System (NIBSS) reportedly suffered intermittent system failures, causing delays in electronic transfers across banks and fintech…
The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of about N1.52 trillion, pushing total market capitalisation above N161.77 trillion. The sustained rally…
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the International Monetary Fund warns that unrealistic budget assumptions are contributing to wider fiscal…
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled for May 2026 on behalf of the Federal Government of Nigeria. The move…
President Bola Ahmed Tinubu has blamed high borrowing costs, illicit financial flows, and restrictive global financial policies for the slow growth of Africa’s manufacturing sector. Speaking at the Africa Forward…
Nigeria’s oil production recorded a strong increase in April 2026, with total crude oil and condensate output rising to 1.663 million barrels per day (bpd). The latest figures released by…
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies, with Egypt emerging as the new leader for the first time in four years. The…
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing companies posted impressive financial results in 2025, highlighting the resilience of the country’s alcohol and beverage market. Financial…
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum Regulatory Commission collectively remitted over N322bn and $116.9m into the Federation Account…
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026, signaling renewed investor confidence in the country’s financial system. The expected…
African manufacturers are raising concerns that recent currency stability across parts of the continent may be misleading, as deeper structural risks continue to threaten industrial growth. The Pan-African Manufacturers Association…
Nigeria’s smartphone market is undergoing a noticeable shift as consumer behaviour changes and network realities reshape device usage across the country. A new benchmarking report from the Nigerian Communications Commission…
The Central Bank of Nigeria (CBN) has intensified its monetary tightening measures ahead of the 2027 election cycle, draining a record amount of liquidity from the financial system through aggressive…
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support economic reforms, job creation, and business competitiveness in Nigeria. According…
European stock markets opened sharply lower on Tuesday as investor confidence weakened following renewed uncertainty over a possible peace agreement between the United States and Iran. The pan-European .STOXX dropped…
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first full year after the merger between Access Pensions and ARM Pensions. The pension fund…
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has urged telecommunications operators across the country to urgently improve service quality, warning that the Nigerian Communications Commission (NCC) will…
Nigeria’s Federal Government has issued a strong warning to telecommunications companies over the worsening quality of network services across the country, saying operators may face regulatory sanctions if they fail…
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure on the country’s foreign exchange position despite ongoing economic reforms by the Central Bank of Nigeria…
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are paying significantly more for electricity without seeing meaningful improvement in power supply. The…
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a target of generating up to 20,000 megawatts (MW). The move is part of…
Canada has recorded an unexpected trade surplus, its first in six months, as rising oil and gold prices boosted export earnings. According to new trade data for March 2026, the…
A new 2025 RED Index of Industrial Development in Africa has revealed a sobering reality about the continent’s industrial future. According to the report released by the Business Council for…
Despite a gradual rise in foreign investment flows into Africa, the Manufacturers Association of Nigeria (MAN) has warned that Foreign Direct Investments (FDIs) across the continent are still being slowed…
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says recent foreign exchange reforms are beginning to bring much-needed stability to Nigeria’s automotive industry, even as…
Nigeria’s export sector is entering a new phase as businesses begin to explore opportunities under the Nigeria China zero-tariff exports arrangement, which officially took effect on May 1, 2026. The…
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association (FMDA) projecting total inflows to reach N10.53 trillion in May 2026. This marks a…
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on Wednesday, edging closer to the key N1,350/$ level. The local currency strengthened…
President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing economic reforms, transparency drive, and fiscal discipline. The meeting was part of efforts to strengthen…