Real Time Financial News Website
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and signaling growing strength in the country’s external financial position. Data…
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting that financial institutions are quick to increase lending rates when…
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS) financing deal with First Abu Dhabi Bank, warning that such…
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold reforms targeting digital services and online economic activities. This was…
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia and Rwanda, strengthening its footprint across the continent’s rapidly growing…
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services in Ethiopia. The license, issued on June 5, 2026, by…
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 International Monetary Fund (IMF) has issued a strong warning to governments worldwide, advising them to avoid sweeping subsidies, fuel price controls, and tax cuts as responses to rising food…
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1 settlement cycle, becoming the first capital market in Africa to…
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments scheduled for June 2026, signaling continued strength in income-generating stocks…
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 external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion threshold. The increase reflects steady foreign currency inflows, improved market…
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS) terminal geo-fencing framework, shifting the implementation timeline to July 31,…
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38, defying mixed performance across Asia-Pacific markets. The strong rally positioned South…
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the wait time for investors to receive cash or shares after…
VFD Group has announced plans to deepen its footprint across Africa as it pursues a carefully structured expansion strategy aimed at boosting long-term shareholder value. The move comes shortly after…
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and local banks are increasingly positioning themselves to acquire majority stakes in insurance companies seeking…
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed economic signals across the region. The pan-European Stoxx 600 rose…
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh geopolitical tension surrounding Iran’s nuclear program. The pan-European Stoxx 600 index managed a…
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria will officially adopt a T+1 settlement cycle for equities and…
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and Finance Association (AWBFA) held its maiden conference. The event brought…
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online investment platforms circulating on social media, many of which it…
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive from the Central Bank of Nigeria, sparking nationwide conversations around customer privacy, business…
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…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold transition into a pan-African financial services group. The milestone, according…
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit before tax, which rose to N1.655 billion for the year…
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in trading activity at the Nigerian Foreign Exchange Market (NFEM). Fresh…
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market value, reflecting growing investor caution and widespread sell-offs. The drop…
Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to N287.75 billion. A total of 4.84 billion shares were exchanged…
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC) operators to the official foreign exchange (FX) market, citing persistent…