OPEC+ Moves to Restore 1.65 Million bpd Oil Cuts by September Amid Middle East Tensions
Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months,…
Day: May 14, 2026
Dangote Refinery Set for Africa’s Biggest IPO With POS, Fintech Platforms for Retail Investors
Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale…
Zambia Slashes Interest Rate to 13.25% as Inflation Cools Amid Global Uncertainty
Zambia Continues Easing Cycle with Third Rate Cut Zambia’s central bank has lowered its benchmark interest rate to 13.25% from…
FX Inflows Hit $112.27bn as Autonomous Dollar Sources Dominate Nigeria’s FX Market in 2025
Nigeria’s foreign exchange market underwent a major structural shift in 2025, as total FX inflows climbed to $112.27 billion, with…
Google transforms Android into AI-powered ‘Intelligent System’ with Gemini features
Google has unveiled a major transformation of its Android operating system, introducing a new wave of artificial intelligence-powered features designed…
SEC Pushes Data and AI-Driven “Intelligent Investing” to Transform Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) says Nigeria’s capital market is entering a new phase where data, artificial intelligence (AI),…
Nigeria Inflation Set to Rise Again as FMDA Projects 16.42% April Rate Amid Food and Energy Pressures
Nigeria’s inflation outlook is once again turning upward, as the Financial Market Dealers Association (FMDA) projects that headline inflation will…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities Under AfCFTA
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies,…
Telcos Pour N2.5 Trillion into Network Expansion as NCC Battles Rising Service Complaints in Nigeria
Nigeria’s telecommunications industry recorded massive infrastructure spending in 2025, with operators investing over N2.5 trillion to upgrade and expand network…
AI Adoption in Nigeria Drives Productivity Growth as 93% of Firms Embrace Smart Technology
Artificial intelligence is quickly becoming a major driver of business growth in Nigeria, as companies shift from experimenting with the…
Nigeria Debt Servicing to Hit $11.6bn in 2026, Tinubu Warns of Economic Strain on Growth
President Bola Ahmed Tinubu has revealed that Nigeria is projected to spend a staggering $11.6 billion on debt servicing in…
Telcos Promise Better Network Quality in Nigeria as ATCON Pledges Service Improvements Before Year-End
Telecommunications companies in Nigeria have pledged that users will experience better call quality, stronger network coverage, and improved internet services…
First HoldCo Drives NGX Activity as All-Share Index Crosses 252,500 Level
The Nigerian Exchange (NGX) closed Wednesday, 13 May 2026, on a mildly positive note as the All-Share Index climbed 0.04%…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy,…
Asia Markets Mixed as Trump–Xi Talks and Iran Tensions Shake Investor Sentiment
Asia-Pacific stock markets traded mixed on Wednesday as investors reacted to rising geopolitical tensions, fresh U.S. inflation concerns, and anticipation…
Firm Launches AI-powered Tools To Cut Cost, Complexity Of Payment Disputes
Visa has launched a new suite of AI-powered dispute resolution tools aimed at helping businesses tackle the growing cost and…
European Markets Rise as UK Political Uncertainty and Trump-Xi Talks Drive Investor Attention
European stock markets opened on a positive note Thursday morning as investors closely monitored major political developments unfolding in both…
Aliko Dangote Rejects NNPC Bid for Bigger Refinery Stake as Petrol Supply Hits ₦3.2tn
Nigeria’s richest businessman, Aliko Dangote, has revealed that the Dangote Group turned down an attempt by the Nigerian National Petroleum…