Real Time Financial News Website
As the deadline for insurance companies to meet the new minimum capital requirements approaches, several firms are finalizing compliance with statutory regulations set by the National Insurance Commission (NAICOM). Among…
In a Financial Times Op-Ed on Monday, President Bola Tinubu called for the creation of an Africa-owned credit rating agency to counter what he described as persistent mispricing of the…
Nigeria’s inflation rate plunged to 15.10% in January 2026, marking a significant improvement from 27.61% in January 2024. Analysts credit the decline to a combination of monetary tightening by the…
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025. This figure represents a 35% increase from the N1.084 trillion…
Swiss private banking giant Banque Pictet has officially entered Africa, opening its first office in South Africa in a move that highlights growing global interest in the continent’s wealth sector.…
European markets opened slightly higher on Monday as investors digested key insights from the Munich Security Conference, highlighting both opportunities and uncertainties for the region. The pan-European Stoxx 600 index…
The Securities and Exchange Commission (SEC) has announced a strategic partnership with the National Orientation Agency (NOA) to educate Nigerians on the risks associated with illegal investment schemes. The collaboration…
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms. The directive, aimed at strengthening financial stability and expanding lending…
Nigeria’s capital importation surged to a six-year high, attracting a total of $16.7 billion in the first nine months of 2025, according to the latest data from the National Bureau…
Nigeria’s stock market delivered one of its strongest weekly performances in recent memory after sweeping pension reforms triggered a wave of institutional buying. The benchmark Nigerian Exchange Limited (NGX) All-Share…
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach the Nigeria Cheque Standard and the Cheque Printers’ Accreditation Scheme,…
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of Nigeria’s (CBN) renewed directive allowing Bureau De Change (BDC) operators…
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for its ₦230 billion Series 4 Senior Unsecured Fixed Rate Bonds.…
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine on commercial banks that engage unaccredited cheque printers or personalisers.…
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital budget for 2025, a move that has sparked concerns about…
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements in 2025, marking the highest annual financing in the bank’s…
Asian stock markets fell on Friday, tracking losses in the U.S. as investor anxiety over artificial intelligence (AI) disruptions intensified. The S&P 500 had already fallen for a third consecutive…
The Central Bank of Nigeria (CBN) has announced recalibrated guidelines for licensed Bureau De Change (BDC) operators, signaling a new phase in the nation’s foreign exchange (FX) market. Under the…
The Securities and Exchange Commission (SEC) has announced plans to collaborate with the National Orientation Agency (NOA) in a renewed effort to combat the rising wave of illegal investment schemes…
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to make ends meet. A new Risevest Cost of Living Report…
European stocks are expected to open higher on Thursday, as investors prepare for a fresh round of corporate earnings that could shape market sentiment for the week. The upbeat outlook…
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by strong investor demand for Dangote Cement Plc and 58 other…
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target of N25.2 trillion. The achievement was revealed by Amina Ado…
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its second annual conference in Abuja, emphasizing the need for delivery-driven…
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating expenses squeezed underwriters’ earnings. According to an analysis of 17…
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a means of building wealth, securing retirement, and contributing to national…
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the financial system and the 2027 election cycle on Nigeria’s economic…
The Nigerian stock market gained N1.424 trillion in market capitalisation on Monday, bringing the total value of listed equities to N111.659 trillion, the Nigerian Exchange Limited (NGX) reported. This marks…
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement that validates years of financial-sector reforms led by the Central…
MTN Group has revealed that it is in advanced talks to acquire the remaining stake in IHS Towers that it does not currently own, in a deal valued at approximately…