Real Time Financial News Website
Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according to European Central Bank Chief Economist Philip Lane. Speaking at a Goldman…
British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns following the Labour government’s first budget, according to a survey by the…
Nigeria’s economy has suffered a $310 billion loss in GDP over the past decade, driven by naira devaluation, low productivity, and stagflation. Once Africa’s largest economy, Nigeria now ranks fourth…
As Nigerians evaluate investment options for 2025, experts highlight key opportunities in dollar savings, Nigerian stocks, and other assets. In 2024, naira depreciation provided substantial returns for dollar-denominated investments, with…
The Central Bank of Nigeria (CBN) has fined nine banks N1.35 billion for failing to ensure cash availability through automated teller machines (ATMs) during the festive season. Each bank was…
The Brookings Institution has forecasted a 4.2% growth in Africa’s GDP for 2025, an improvement from 2023’s 3.1%, per the African Development Bank. The increase is attributed to economic reforms,…
The stock price of FBN Holdings Plc fell by 5.63% on the Nigerian Exchange Limited (NGX), closing at ₦28.50 per share, down from ₦30.20. The decline reflects investor caution as…
The growing appetite for foreign currency investments, especially dollar-denominated assets, has propelled Nigeria’s mutual funds to a record N3.829 trillion, marking a 79.4% year-on-year growth by December 27, 2024. According…
The value of the eNaira, Nigeria’s digital currency introduced by the Central Bank of Nigeria (CBN) in 2021, increased significantly by 57% year-on-year (YoY), reaching N18.32 billion in the first…
The Naira appreciated in the parallel market yesterday, trading at N1,655 per dollar compared to N1,665 last weekend. However, according to data from the Central Bank of Nigeria (CBN), the…
The Nigerian Stock Exchange (NGX) recorded a N51bn decline in market capitalization on Monday, closing at N64.3tn. The NGX All-Share Index fell by 0.08% to 105,367.25, though it maintained a…
Nigeria’s inflation rate is projected to rise to 35.20% in December 2024, driven by persistent price pressures, according to the Cowry Weekly Financial Markets Review & Outlook. This follows a…
Experts forecast Nigeria’s economy to grow by 3.5% year-on-year in 2025, a slight improvement from the estimated 3.2% in 2024, according to the NESG-Stanbic IBTC Business Confidence Monitor report. The…
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from deposit money banks (DMBs), marking a notable increase from the previous…
Nigeria’s services sector is projected to account for 55 to 60 percent of its rebased Gross Domestic Product (GDP) in 2025, an increase from its current contribution of 53 percent.…
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely maintain its Monetary Policy Rate (MPR) at 27.50% for much of 2025. This stance…
The Federal Government has reiterated its commitment to bolstering Nigeria’s capital market as a key driver of economic growth and wealth creation. Minister of State for Finance, Dr. Doris Uzoka-Anite,…
Nigeria has attracted $7.6 billion in investment commitments at the Africa Investment Forum 2024, held in Rabat, Morocco, from December 4 to 6, 2024. The announcement was made by Dr.…
European stocks regained stability on Thursday, as the STOXX 600 index rose by 0.1%, recovering from early declines. Mining stocks led the charge, with a 1.8% increase in the sector,…
The US dollar held steady on Thursday, supported by climbing Treasury yields and the Federal Reserve’s hawkish stance, which suggests a slower pace of rate cuts in 2025. The Dollar…
European stock markets edged lower on Thursday, weighed down by mixed economic data and corporate earnings. Germany’s DAX and France’s CAC 40 slipped by 0.2%, while the UK’s FTSE 100…
Asian currencies faced pressure on Thursday as a stronger dollar gained momentum following hawkish Federal Reserve signals of slower rate cuts in 2025. Minutes from the Fed’s December meeting revealed…
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the previous day. Similarly, in the official Nigerian Foreign Exchange Market (NFEM), the currency…
Investors on the Nigerian Exchange witnessed a significant gain of N507 billion on Wednesday, with market capitalization rising to N63.56 trillion from the previous session’s N63.05 trillion. The All-Share Index…
According to preliminary data from INSEE, French inflation rose to 1.8% year-on-year in December, falling short of the anticipated 1.9%. While slightly higher than November’s 1.7%, the harmonized inflation rate,…
The U.S. dollar edged close to a one-week low on January 7 as investors assessed the potential impact of President-elect Donald Trump’s tariff policies. Markets are speculating on the possible…
U.S. stock index futures were mostly unchanged as markets awaited important economic data releases and insights into the incoming Trump administration’s policies. At 5:42 a.m. ET, Dow futures rose slightly…
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing the “risk of a dispute” as the country prepares for President-elect Donald Trump’s…
Nigeria’s rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and financial experts. The surge is attributed to factors such as policy-induced…
In November 2024, credit to the private sector in Nigeria surged by 27.3% year-on-year, reaching N75.96 trillion, according to the Central Bank of Nigeria’s (CBN) economic report. This growth has…