Real Time Financial News Website
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the Majestic oil rig, which was involved in a recent incident in Delta State, Nigeria. The…
The Economic Community of West African States (ECOWAS) has announced its readiness to intervene militarily in Niger Republic if diplomatic efforts fail to persuade the ruling military junta, which ousted…
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session, resulting in a decline of N58 billion in market capitalization. This marks an overall cumulative…
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform, Binance Connect. This decision comes as the cryptocurrency market experiences fluctuations and is attributed to structural…
China’s economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over the government’s tepid response to address these issues. Investors, analysts, and diplomats are…
Ghana’s government aims to reach an agreement with its commercial creditors to restructure Eurobonds totaling $13 billion by the end of 2023. Two bondholder groups have been formed, consisting of…
International market data reveals that the price of Brent crude oil has increased by 20%, signaling a potential further rise in petrol prices. At the beginning of 2023, Brent crude…
According to the August 2023 FocusEconomics Consensus Forecast report, Nigeria’s economy is projected to expand by 2.8% in 2023 and 3.7% in 2024. This growth forecast comes despite the challenges…
The Nigeria’s Employers Consultative Association (NECA) has voiced apprehension about the country’s surging inflation and burgeoning debt, stating that these challenges are negatively impacting organized businesses, weakening the economy, and…
The Nigerian bourse experienced a downturn last week as losses in FBN Holding Plc, Ecobank Transnational Incorporated, and other financial services stocks led to a drop in market capitalization by…
The recent report released by the National Bureau of Statistics (NBS) on capital importation in Nigeria reveals a significant decline of 28% in Q1 2023 compared to the previous year.…
Equity Bank, Kenya’s most profitable bank, has announced an increase in loan prices following the Central Bank of Kenya’s (CBK) announcement of a new benchmark rate. Starting from Monday, customers…
The World Bank has expressed its support for Kenya’s efforts to expand the reach of taxation in the digital marketplace. These measures aim to broaden the tax base and boost…
The new week brought losses to European stock markets, mirroring the decline in Tokyo, as investors monitored inflation updates and the aftermath of the Wagner revolt. London’s FTSE 100 dropped…
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion) to N31.6 trillion. When investors learned that President Bola Tinubu had suspended CBN Governor…
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country’s high inflation and negative economic indicators, with a month-to-date gain of 6.4% at the…
The effects of fiscal and monetary policies on the Nigerian equities market have raised concerns among stakeholders, despite the fact that it has concluded the past three years on a…
President William Ruto has challenged African leaders to take the first steps toward abandoning the globally-strong US dollar by joining a pan-African payments system to facilitate intra-Africa commerce. Dr. Ruto…
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world oil production capacity is declining. In a recent interview with S&P Global Commodity Insights,…
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market fell by 47.08 percent. Monday’s daily turnover was $106.84m, with the exchange…
The Nigeria Agenda 2050 was officially unveiled on Wednesday in Abuja, with the statement that its implementation will “ensure that Nigeria attains a per capita GDP of $33,328 per annum…
UK multinational Diageo’s recently completed additional purchase of 22.7 billion shillings of EABL shares helped generate millions of dollars in transaction fees for stockbrokers representing investors who sold shares in…
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master plan of the roadmap for the capital market, fintech, and commodities trading…
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the Federal Government of Nigeria’s declaration of Friday and Monday (today) as Public…
According to a National Bureau of Statistics research, the Nigerian stock market drew a total of $19.2 billion (N8.83 trillion) in foreign direct investment between 2018 and 2022 as international…
Most developed and emerging market central banks continued to raise interest rates at a strong clip in March, albeit the magnitude of the increases slowed slightly as the turbulence in…
The Nigerian Exchange Limited’s downward trend came to an end on Tuesday as the market recovered and investors gained N10 billion. The market value of shares increased by 0.03 percent…
The execution of the Securities and Exchange Commission’s agreement with the Pan-African Payment Settlement System is expected to promote intra-African commerce and support capital market diversification. Dr. Okey Umeano, the…
The World Economic Forum, or WEF, estimates that it will take more than 100 years to close the gender gap worldwide. Worrisomely, Nigeria placed 123rd out of 145 nations in…
First Abu Dhabi Bank (FAB.AD) (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered (STAN.L), once lock-up rules from its previous aborted bid…