Real Time Financial News Website
Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) were sharply divided at their November 2025 meeting over whether to begin easing interest rates or maintain the…
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting N11.922 trillion—the highest in 19 years. This figure more than…
The Lagos State Internal Revenue Service (LIRS) has issued a stern reminder to all employers in Lagos to comply with statutory tax filing obligations as the January 31 deadline for…
Nigeria’s insurance sector has reached a historic milestone, with total assets soaring to N4.619 trillion by the end of Q2 2025, marking a 25.3% year-on-year growth. Analysts say this surge…
South Africa’s Nedbank Group, one of Africa’s largest banks, is set to expand its footprint beyond Southern Africa with a proposed acquisition of a controlling stake in NCBA Group PLC.…
The Nigerian naira maintained relative stability at the official foreign exchange market mid-week, closing at N1,423/$ on Wednesday. This follows a week of mixed performance at the official window, contrasting…
Global investors are treading cautiously as markets reacted to renewed geopolitical tensions sparked by US President Donald Trump’s controversial Greenland remarks. The president’s threat to pursue Greenland has fueled fears…
The Central Bank of Nigeria (CBN) is set to auction N1.15 trillion worth of Treasury bills in its second auction for January 2026, amid strong liquidity in the banking system…
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one of the largest domestic debt obligations for the year. This…
The Federal Government of Nigeria (FG) is set to raise N900 billion from the domestic market by offering high-yield bonds, the Debt Management Office (DMO) announced. Scheduled for auction on…
Nigeria’s banking sector recorded a sharp slowdown in credit extension, with total loans dropping to N52.656 trillion in June 2025, marking the lowest level in 14 months. The decline, highlighted…
The International Monetary Fund (IMF) has called on Nigeria and other governments to strengthen public finances and keep debt levels under control as spending pressures intensify. In its latest World…
Nigerian stocks continued their upward momentum last week, marking the third consecutive week of gains, led primarily by oil and gas equities. All sector indexes rose, pushing the year-to-date return…
In a recent series of decisive moves, the Securities and Exchange Commission (SEC), under the leadership of Director General Dr. Emomotimi Agama, is reshaping the Nigerian capital market. Known for…
The Nigerian stock market continued its strong performance in the second week of 2026, adding N2.6 trillion to its total market capitalization as investor confidence surged. The Nigerian Exchange Limited…
Nigeria is stepping onto the global stage at this year’s World Economic Forum in Davos to attract international investors, even as capital flows to emerging markets slow amid geopolitical uncertainties.…
Asia-Pacific markets mostly slipped on Monday, reflecting investor caution after heightened geopolitical tensions and key economic data from China. The Hang Seng Index in Hong Kong fell 1.07%, while Japan’s…
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is the final date to submit annual tax returns for the 2025 financial…
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure investment specialists as independent members of the Investment Committee of the United Capital Infrastructure…
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), an online investment platform suspected of running fraudulent schemes. The regulator warned…
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new tax laws under the Nigeria Tax Act (NTA), 2025. Banks had…
Champion Breweries Plc has successfully redeemed its N4.21bn Series 1 Commercial Paper (CP) notes at maturity, part of its broader N15bn Commercial Paper Issuance Programme. The move marks a significant…
Nigeria’s fintech landscape is set to change as Paystack, the Stripe-owned payments giant, officially steps into banking. The company has acquired Ladder Microfinance Bank, creating Paystack Microfinance Bank (Paystack MFB),…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has confirmed that its members now supply approximately 60% of the country’s petroleum products, underscoring its central role in ensuring…
The NGX Pension Broad Index, a benchmark for pension-compliant equity investments, delivered an impressive 59.72% return in 2025, outpacing the NGX All-Share Index (ASI), which recorded a 51.19% gain over…
European stocks surged to record levels on Wednesday as investors shifted their focus to high-stakes talks over Greenland’s future. The pan-European Stoxx 600 rose 0.3% shortly after the opening bell,…
The National Bureau of Statistics (NBS) has officially overhauled its approach to measuring inflation, discarding outdated consumption items and refreshing its Consumer Price Index (CPI) to reflect how Nigerians live…
Nigeria’s ongoing economic reforms are showing tangible results, as the country records a significant rebound in its Balance of Payments (BOP) and foreign exchange inflows. The Central Bank of Nigeria…
Alphabet, the parent company of Google, briefly crossed the $4 trillion market valuation mark on Monday, becoming the fourth company ever to reach this milestone. Investor enthusiasm surged after Alphabet…
U.S. financial stocks fell sharply in early trading on Monday after President Donald Trump proposed a one-year cap on credit card interest rates, putting pressure on major banks and lenders.…