Real Time Financial News Website
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement that removes lingering legal tension tied to OpenAI’s expanding relationship…
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years as investors increasingly bet on medium-term opportunities while steering clear of short-term…
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing ATM debit and credit cards from N1,000 to N1,500. The…
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as external reserves dipped to $48.48 billion. Data from the Central…
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds, offering investors an opportunity to subscribe at N1,000 per unit.…
Nigeria’s transport sector will require an estimated $759 billion in investment, according to the Director-General of the Infrastructure Concession Regulatory Commission, Jobson Ewalefoh, who has called for stronger adoption of…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not considering borrowing from the International Monetary Fund (IMF). He made…
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when needed, warning that delays could worsen economic instability and deepen…
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed at making collaborative investing easier for families, business partners, and…
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch Ratings. The agency said the outlook reflects ongoing external pressures…
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by regulators approaches. The reform is reshaping how insurers operate, forcing…
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country from “Unclassified” to “Frontier Market” status. The move quickly reignited…
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian Exchange (NGX) and the country’s capital market. The announcement marks…
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31, 2025, reaching N7.19 billion, up from N5.19 billion in 2024. The increase…
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April 2026 issuance of the Federal Government Savings Bonds, offering interest rates of…
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond auctions in the first quarter of 2026, according to the Debt Management Office (DMO). The figures…
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach N29.43 trillion, the highest monthly growth since the Contributory Pension Scheme (CPS) began over…
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora remittances are received across the country. Starting May 1, all international money…
Asia-Pacific markets traded mixed on Tuesday as investors navigated growing geopolitical uncertainty surrounding the U.S.-Iran conflict. The trading session reflected cautious sentiment, with major indices showing modest gains and losses…
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to four days ahead of the Easter public holidays. With the federal…
Africa Prudential Plc has reaffirmed its financial resilience and growth momentum, sustaining strong returns while deepening its digital footprint, despite ongoing macroeconomic pressures. The announcement was made at the company’s…
Nigerian states are returning to heavy borrowing even as allocations from the Federation Account Allocation Committee (FAAC) have soared by 161% over the past three years. Analysts warn that this…
The Nigerian Exchange Limited (NGX) has taken a major step toward safeguarding the financial future of young Nigerians by hosting an educational session on investor protection and market integrity. The…
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering N29.8 trillion gain. This remarkable growth marked the largest quarterly increase in the…
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose 0.40 per cent, closing at 201,287.78 points. This rebound pushed the year-to-date…
Africa loses an estimated $88 billion each year to illicit financial flows (IFFs), Finance Minister and Coordinating Minister of the Economy, Wale Edun, revealed. Speaking at the fifth session of…
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording a massive N29.83 trillion gain—the largest Q1 growth ever seen on the Nigerian…
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa Plc and 33 other stocks pulling overall market capitalization down by N275.15…
Senegal has successfully raised 304.15 billion CFA francs ($537.6 million) in its first public bond sale of 2026, securing interest rates as low as 6.40%, the Finance Ministry announced on…
Ghana is aiming to reduce its borrowing costs as it re-enters the domestic debt market with a new seven-year cedi-denominated bond, setting an initial pricing guidance between 12 and 12.5…