Real Time Financial News Website
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent year-on-year increase in Profit Before Tax (PBT) to N1.98 billion, compared…
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in the first seven months of 2025, amid sustained investor appetite for naira-denominated…
Operators in the Nigerian pension industry are calling for regulatory reforms to allow broader investment opportunities for the nation’s N24.63 trillion pension fund. Pension managers are advocating for the inclusion…
The Nigerian Exchange (NGX) extended its bearish streak on Wednesday as equities investors lost N663 billion in market value due to sustained sell pressure. At the close of trading, market…
The National Pension Commission (PenCom) has suspended the processing of equity contribution applications from seven Primary Mortgage Banks over alleged non-compliance with its housing loan guidelines. The directive, issued in…
The Bank of Ghana (BoG) has announced a comprehensive package of regulatory reforms aimed at strengthening the country’s banking sector. The new framework will address interest rate risk management, credit…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stressed that stronger public-private partnerships (PPPs) are essential to unlocking the vast opportunities in Nigeria’s non-interest finance…
Pension fund investments in Real Estate Investment Trusts (REITs) surged dramatically by 417.8% to N77.8 billion in the first half of 2025, compared to N15.028 billion in the same period…
Ghana’s financial sector recorded substantial growth in 2024, with total assets climbing by 34.6% to GH₵525.59 billion, according to the 2024 Financial Stability Review. This marks a significant jump from…
European markets are expected to open the week on a positive note, with futures data indicating modest gains across major indexes. London’s FTSE 100 is projected to open 0.14% higher,…
Dr. Emomotimi Agama, Director-General of Nigeria’s Securities and Exchange Commission (SEC), has been elected Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions…
Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories, despite macroeconomic headwinds and tighter financial conditions. According to…
Nigeria’s banking sector is facing a growing cybersecurity crisis, with cyber theft risks surging 56% in the first half of 2025, affecting over 152,000 accounts. A report by Surfshark Nigeria…
Bank customers across Nigeria are voicing strong dissatisfaction over what they describe as excessive and frequent debit alerts on their accounts, calling on the Central Bank of Nigeria (CBN), the…
Nigeria experienced a significant boost in foreign capital inflows in the first quarter (Q1) of 2025, with total capital importation rising to $5.642 billion. This marks a 67.12% increase from…
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The All-Share Index (ASI) soared by 5.07%, reaching an all-time high of 141,263.05 points.…
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025, dropping to N589.45 billion from N2.199 trillion in the same period…
Banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 783.7% year-on-year to N79.8 trillion in the first seven months of 2025, up from N9.03 trillion during the same…
The Nigerian Exchange (NGX) ended July 2025 on a powerful bullish streak, with market capitalization surging by a remarkable N12.62tn. The All-Share Index (ASI) closed the month at a historic…
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from 28% to 25%. This aggressive monetary policy move—the sharpest in recent…
Nigeria’s Eurobond yields are nearing their lowest levels in three years, a development driven by strong investor confidence in the country’s sweeping economic reforms. These reforms — including exchange rate…
The Federal Reserve is expected to maintain current interest rates following its meeting this week, echoing the stance taken in June. The federal funds rate is likely to remain at…
European markets opened the week on a positive note after a long-awaited trade deal between the United States and the European Union was struck, lifting major stock indexes. The pan-European…
Since President Bola Tinubu took office in May 2023, Nigeria’s financial reforms have sparked a remarkable rally in the country’s naira-denominated bonds, making them the top performers among emerging markets…
The Bank of Ghana’s Monetary Policy Committee (MPC) kicked off its 125th regular meeting today, July 28, to assess recent macroeconomic trends and chart the course for monetary policy in…
Nigeria’s adoption of digital finance continues to surge as electronic payment transactions rose by 24% year-on-year (YoY) to ₦317.2 trillion in the first quarter of 2025, according to the Nigerian…
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging cutting-edge technologies like blockchain and quantum computing to drive innovation in Nigeria’s…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has praised the rebased Gross Domestic Product (GDP) figures and the 3.13% growth recorded in the first…
The Nigerian Exchange Limited (NGX) wrapped up Wednesday’s trading session on a muted note, recording a modest gain of N67bn in market capitalization. This brought the total market value to…
Sovereign wealth funds (SWFs) across Africa are emerging as powerful tools for capital mobilisation, strategic investments, and long-term economic resilience, according to Aminu Umar-Sadiq, CEO of the Nigeria Sovereign Investment…