Real Time Financial News Website
In a significant move to strengthen the country’s economic management, President John Dramani Mahama has nominated Thomas Nyarko Ampem, the Member of Parliament for Asuogyaman, as Deputy Minister-Designate for Finance.…
The Ghana National Gas Company Limited (GNGLC) is grappling with a deepening financial crisis, largely stemming from the inability of the Volta River Authority (VRA) to fulfill its debt obligations.…
The Nigerian Ministry of Marine and Blue Economy has launched a strategic initiative to establish a national flag carrier through a public-private partnership. Minister Adegboyega Oyetola, in a recent address…
Trucks Transit Parks Ltd (TTP) has announced the successful integration of the Central Bank of Nigeria’s (CBN) Nigeria Export Proceeds (NXP) system into its Ètò electronic call-up platform, effective from…
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to prioritize the support of local industries to ensure sustainable economic growth and reach the ambitious goal of…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s economic transformation over the past 18 months during a meeting with a delegation from…
On February 6, 2025, President Bola Tinubu proposed a budget increase for Nigeria, raising the 2025 budget from N49.7 trillion to N54.6 trillion. This 9.77% rise seeks to stimulate economic…
The Nigerian naira has been steadily appreciating in the parallel market, narrowing the gap with the official foreign exchange (FX) rate following a series of reforms implemented by the Central…
Donald Trump’s imposition of strategic tariffs on imports from key trade partners, including China, Canada, and Mexico, is expected to impact global economies, including Nigeria. While the tariffs have led…
Six companies listed on the Nigerian Exchange Limited reported a combined foreign exchange (FX) loss of N255.72 billion for the year ending December 31, 2024. These losses were mainly due…
Nigeria is in discussions with the World Bank to secure two new loans totaling $580 million, with approval expected in March 2025. The funding will support initiatives aimed at improving…
The Central Bank of Nigeria (CBN) has announced new forex restrictions, limiting Bureau de Change (BDC) operators to purchasing a maximum of $25,000 per week from a single authorised dealer…
Nigeria’s growing reliance on asset sales and multilateral loans to finance its public debt is sparking concerns about the sustainability of its debt strategy. The country’s current debt stands at…
The Naira strengthened to N1,595 per dollar in the parallel market yesterday, showing a significant improvement from N1,610 per dollar on Monday. This marks a N45 week-on-week (WoW) appreciation from…
The Federal Government of Nigeria has announced plans to issue bonds worth N758bn to clear outstanding pension debts under the old Defined Benefit Scheme. This was disclosed by the Minister…
Fuel prices in Ghana have increased for the third consecutive time in 2025, with Oil Marketing Companies (OMCs) adjusting their prices upward in the first pricing window of February. Shell…
The Nigerian federal government has approved road infrastructure projects totaling N4.2 trillion, including key highways, bridges, and the second phase of the Lagos-Calabar Coastal Road. The road projects aim to…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a directive compelling oil exploration and production companies to strictly adhere to the Crude Oil Supply Obligations for domestic refineries. This…
The Federal Government has denied reports suggesting a 65% increase in electricity tariffs, calling them a misrepresentation. According to the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen,…
The European Union (EU), through its Global Gateway initiative, has committed €150 billion to be disbursed by 2027 to Nigeria and other African nations. This investment aims to enhance infrastructure,…
Nigerian businesses have shown resilience in the face of economic challenges, as reflected by the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI), which recorded a slight decrease to 52.0…
The Nigerian banking sector has seen a remarkable 9.8% month-on-month surge in banking stocks, driven by the Central Bank of Nigeria’s (CBN) recapitalisation initiative. This effort aims to strengthen banks’…
The Central Bank of Nigeria (CBN) has reaffirmed its dedication to empowering Nigerian youth by enhancing credit policies and capacity-building programs. During the Youth Action Event in Abuja, CBN Governor,…
U.S. President Donald Trump has agreed to delay imposing tariffs on Mexico and Canada for 30 days. The decision follows both countries taking steps to address his concerns over border…
As Nigeria aims to grow its economy to $1 trillion by 2030, experts have advised the Federal Government (FG) to shift from an output-based economic model to an asset-based financing…
The Minister of Energy and Green Transition for Ghana, John Jinapor, highlighted the persistent issue of inadequate power supply as a significant barrier to Africa’s Energy for All agenda. With…
In January 2025, Deposit Money Banks (DMBs) in Nigeria deposited a record N9.39 trillion in excess liquidity with the Central Bank of Nigeria (CBN), a sharp increase of 627.17% from…
The Securities and Exchange Commission (SEC) has reiterated its dedication to fostering financial inclusiveness for women in Nigeria. Speaking at the She’s Included Gender Inclusion Conference and Summit 2025, SEC’s…
Recent reforms by the Central Bank of Nigeria (CBN) have spurred increased foreign investor interest in naira assets. The implementation of transparent pricing mechanisms, higher interest rates on treasury bills,…
In an era of growing economic disparities, investing in humanity through Corporate Social Responsibility (CSR) is more than just an ethical obligation it is essential for a fairer and more…