Real Time Financial News Website
Nigeria’s current revenue-sharing system, which allocates 4% of both oil and non-oil revenues (excluding royalties) to the Federal Inland Revenue Service (FIRS), is higher than that of regional peers such…
Nigeria’s pension industry saw a notable rebound in September 2025, as Pension Fund Administrators (PFAs) delivered impressive returns across all Retirement Savings Account (RSA) funds. Data from Nairametrics Research shows…
September 2025 marked a remarkable rebound for the Nigerian Naira, with the currency showing its strongest performance in recent months. Bureau De Change (BDC) operators and industry experts have attributed…
For the first time in more than a decade, Nigeria’s debt burden is expected to ease significantly as the country’s debt-to-GDP ratio is projected to fall to 39.8% in 2025,…
Nigeria’s non-interest capital market has reached a major milestone, hitting a valuation of ₦1.6 trillion, according to the Securities and Exchange Commission (SEC). The SEC’s Director-General, Emomotimi Agama, made the…
Nigeria is expected to receive a fresh $500 million loan from the African Development Bank (AfDB) before the end of 2025, marking the second phase of a $1 billion budget…
Former Majority Leader Osei Kyei-Mensah-Bonsu has praised the Ghanaian government for recent improvements in the country’s economic performance, describing the Cedi’s strengthening against major currencies and a drop in inflation…
Investor interest in Ghana’s Treasury bills (T-bills) took a hit last week, leaving the government with a shortfall of GH¢1.13 billion in its latest auction. According to data released by…
Ghana’s fifth review under the International Monetary Fund (IMF) Extended Credit Facility (ECF) has entered its critical final stage, with discussions expected to conclude by October 10. Officials are optimistic…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean and well-mixed currency notes, urging Nigerians to treat the Naira as a symbol of…
Nigeria’s pension industry faces a major shake-up following the National Pension Commission’s (PenCom) new recapitalisation directive, which has raised the minimum capital requirement for Pension Fund Administrators (PFAs) and Custodians…
Global stock markets edged higher on Thursday as investors weighed the economic fallout from a potential U.S. government shutdown, while gold hovered near record levels amid growing uncertainty. Weak U.S.…
The Bank of Ghana (BoG) has taken a bold step toward regulating the country’s fast-growing digital asset market with the introduction of the Virtual Asset Service Providers (VASP) Bill. The…
The Nigerian Exchange Group (NGX) has announced a significant tax relief for investors in the country’s capital market, unveiling a N150 million annual exemption under the new Capital Gains Tax…
Kenyans could soon enjoy cheaper mobile money transfers as the Central Bank of Kenya (CBK) moves to cap transaction fees on popular services like M-Pesa and Airtel Money. The decision…
Ghana’s government fell short of its Treasury bill (T-bill) target last week, underscoring growing investor caution and tight liquidity within the banking sector. According to fresh data from the Bank…
The Asset Management Corporation of Nigeria (AMCON) has sold its entire 34 per cent equity holding in Unity Bank Plc to Providus Bank Ltd, sealing a landmark transaction on the…
Mastercard has strengthened its collaboration with Smile ID, a leading African identity verification company, to expand secure digital identity solutions across the continent. The partnership is designed to tackle fraud,…
The World Bank has advised Ghana’s government to prioritise concessional loans from international lenders over high-interest domestic borrowing to finance its development projects. According to Robert Taliercio, the Bank’s Country…
Ado-Ekiti State has, once again, been recognised as the most fiscally transparent state in Nigeria, achieving a perfect 100 per cent score across all fiscal transparency benchmarks. The latest States…
Ghana has taken a major step toward economic recovery by signing a $256 million bilateral debt restructuring agreement with the United Kingdom. The deal, finalized in Accra, aims to ease…
The National Pension Commission (PenCom) has issued a strict directive requiring all Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to report any foreign currency pension contributions exceeding $10,000…
The National Pension Commission (PenCom) has announced a major policy shift, allowing Pension Fund Administrators (PFAs) to invest a portion of pension funds in foreign currency-denominated instruments. This decision comes…
The Nigerian Exchange Limited (NGX) closed in negative territory for the third time this week, losing N135 billion in market value as investor sentiment weakened. On Thursday, September 25, 2025,…
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down from 27.5% to 27%. The decision, announced at the 302nd…
U.S. Treasury yields climbed on Wednesday as investors monitored upcoming economic data and weighed the risk of a federal government shutdown next week. The 10-year Treasury yield increased more than…
The Bank of Ghana has rolled out new licensing requirements for Digital Credit Service Providers, setting a minimum capital threshold of GH¢2 million for firms seeking approval to operate. The…
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold trading platform in the country. The initiative aims to give…
The United Kingdom and the United States have joined forces to make it easier for businesses to raise funds on both sides of the Atlantic. Britain’s finance ministry announced on…
Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos Business School (LBS). This growth is being driven by pioneering…