Reps Blame NCC Over Poor Telecom Services Nationwide, Demand Stronger Regulation
Nigeria’s House of Representatives has strongly criticised the Nigerian Communications Commission (NCC) over what lawmakers describe as persistent poor telecom…
Day: May 7, 2026
Nigeria Capital Market Inflows to Hit N10.53trn in May – FMDA Forecasts Liquidity Surge
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association (FMDA) projecting total inflows…
Elon Musk’s Exit from OpenAI Explained: Inside the 2017 Control Clash That Split the Founders
In 2017, tensions inside OpenAI began to surface as the small nonprofit research lab debated how to transition into a…
Elon Musk’s SpaceX Plans $55bn Texas “Terafab” Chip Factory to Power AI and Space Tech
Elon Musk’s SpaceX is making a bold move into the semiconductor industry with plans to build a massive $55 billion…
U.S. Oil Export Surge Under Scrutiny as Gas Prices Jump Across All 50 States
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply across…
Naira Exchange Rate Strengthens Against US Dollar, Nears N1,350 Mark Amid Market Optimism
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on Wednesday, edging…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures Shape Profit Outlook
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA)—recorded a…
$1 Trillion Economy: Tinubu Courts Global Investors in Paris, Cites 11.2% GDP Growth and Reform Gains
President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing economic reforms, transparency drive, and…
Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and Recapitalisation Impact
Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding balance sheets were weighed…
Nikkei 225 Tops 62,000 for First Time as Asia Markets Rally Despite Trump’s Iran Threats
Asian markets recorded a strong surge on Thursday, with Japan’s benchmark Nikkei 225 index breaking a major milestone by climbing…
NGX Market Rally Adds N629bn as Airtel Africa, 46 Stocks Drive Strong Bullish Momentum
The Nigerian Exchange Limited (NGX) closed on a positive note as investor confidence strengthened, pushing the market capitalisation up by…
Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying Interest
The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance upward, adding a…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit…
Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG Report
Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65 billion annually by…
Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in March…
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below $100 per…
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand Surges
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, marking…
FMDA projects N10.53 trillion inflows in May on heavy OMO maturities
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53…
Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in…
Nigeria Eurobonds rally as yields fall below 8% for the first time
Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the curve for the first time…
Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima.…
NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity
The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle at…
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…