Real Time Financial News Website
Nigeria’s exchange rate strengthened significantly in January 2025, appreciating by N63.72 to close at N1,474.78 per dollar on January 31, marking its highest level in seven months. The last time…
Ghana has successfully secured $2.8 billion in debt relief after all 25 members of its Official Creditor Committee (OCC) signed a Memorandum of Understanding (MoU). This agreement, part of the…
The Debt Management Office (DMO) of Nigeria announced the successful completion of its January 2025 Federal Government Bond Auction, raising a total of N669.94 billion. This figure includes N606.46 billion…
TotalEnergies Marketing Nigeria Plc has posted impressive financial results for the year ending December 31, 2024, reporting a significant revenue increase of 64%, reaching N1.04 trillion, up from N635.95 billion…
The Nigerian Ports Authority (NPA) has announced that Nigeria has been admitted as a member of the International Port Community System Association (IPCSA). This milestone was revealed by Dr. Abubakar…
The Federal Government of Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to provide electricity to five million people by the end of 2026. This…
The naira saw a continued appreciation in the parallel market for the second consecutive day, rising by N10 to reach N1,640 per dollar by the close of trading on Tuesday,…
The U.S. stock market is facing increasing risks, with cracks appearing in the technology sector and uncertainty surrounding future interest rate cuts. Recent mixed results from tech giants like Microsoft,…
The U.S. economy likely grew at a slower pace in the fourth quarter of 2024, with GDP estimated to have risen at an annualized rate of 2.6%. A surge in…
As Nigeria seeks to attract more investments and improve its business environment in 2025, achieving monetary and fiscal stability is considered essential. The country’s economic outlook highlights three main areas…
The Nigerian Senate’s Public Accounts Committee has warned Professor Nenibarini Zabbey, Coordinator of the Hydrocarbon Pollution Remediation Project (HYPREP), that he risks arrest if he fails to appear before the…
In a bid to ease financial pressures on Bureau De Change (BDC) operators, the Central Bank of Nigeria (CBN) has announced that it will waive the non-refundable annual license renewal…
The US National Transportation Safety Board (NTSB) has launched an investigation into a United Airlines flight that was forced to return to Lagos, Nigeria, after experiencing a “sudden aircraft movement”…
Global currency markets experienced sharp volatility as new U.S. tariff threats and concerns over artificial intelligence (AI) dominance shook investor confidence. The U.S. dollar strengthened against the yen and euro…
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by 0.79% to close at 104,418.95 points. This surge resulted in…
In 2024, trade volume between Nigeria and China fell to approximately $20 billion, a decline from the $22.6 billion recorded in 2023. The drop of 11.5% is attributed to inflation…
Amid growing global uncertainties, including rising U.S. tariffs and geopolitical tensions, investors are increasingly looking toward frontier markets, which are less affected by U.S. policy shifts. These markets, primarily in…
Analysts warn that President Donald Trump’s economic policies, including a strong dollar and increased oil production, could destabilize Nigeria’s currency and foreign investments. Trump’s plans to ramp up U.S. energy…
Despite the sharp depreciation of the naira, Nigerians increased their spending on foreign education and healthcare by 26% in the first nine months of 2024, reaching $2.3 billion. This surge,…
President Bola Ahmed Tinubu’s administration is stabilizing Nigeria’s economy through significant socio-economic reforms, focusing on critical infrastructure projects to drive growth and create jobs. Finance Minister Wale Edun emphasized that…
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his pro-business policies while remaining wary of his protectionist trade stance. Market analysts are…
Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader efforts to strengthen the country’s economy. At the Future Minerals Forum (FMF) in…
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and spending in the country last December. Many foreigners and Nigerians in the diaspora took advantage of the…
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank loans, marking the first quarterly decline in credit to the sector since 2022.…
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking the eighth consecutive quarter of surplus. This positive trend, driven…
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement with the National Identity Management Commission (NIMC) to create a database of Nigerian…
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, is set to face tough questions from the Senate Finance Committee regarding his approach to tax cuts, trade policies, and economic…
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking the third consecutive decline this week. The All-Share Index dropped by 1.47…
Nigeria’s inflation rate surged to 34.80% in December 2024, a marginal increase from November’s 34.60%, according to the National Bureau of Statistics (NBS). The 0.20% rise is attributed to heightened…
Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the Monetary Policy Committee (MPC) in its upcoming meeting. The National Bureau of…