N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are…
Day: May 18, 2026
Samsung Union Strike Threat: Talks Extended as Global Chip Supply Chain Faces Disruption Risk
Samsung Electronics and its labour union have agreed to extend negotiations until Tuesday in an urgent effort to prevent what…
High Energy Prices Could Derail Europe’s AI Race Against the U.S. and China
Europe is racing to compete with the United States and China in the fast-growing artificial intelligence sector, but rising electricity…
Elon Musk vs OpenAI Trial Ends With One Big Question: Can Sam Altman Be Trusted?
The legal battle between Elon Musk and OpenAI has reached its final stage, with closing arguments now complete and the…
Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears
Oil prices surged sharply in early Asian trading on Monday, with Brent crude crossing the $111 mark as renewed geopolitical…
Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors…
Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System
The Federal Government has announced plans to establish a Smart National Transport Databank (SNTDB) aimed at transforming Nigeria’s transport system…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and…
Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia Earnings and Rising Oil Prices
Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start as investors shifted…
Nigerian Stock Market Surges as Investors Trade N374bn Worth of Shares in a Week of Strong Rally
The Nigerian capital market ended last week on a strong bullish note, with investors exchanging an impressive 7.77 billion shares…
West African Ports Vital to Global Economic Survival, Says NPA Boss
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has emphasized that West African ports play a…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
Oil Prices Near $110 as Trump Warns Iran Over Strait of Hormuz Crisis
Oil prices climbed sharply toward $110 per barrel on Sunday, reaching about $109.3 as rising tensions in the Middle East…
CBN rules give foreign banks, fintechs advantage over Nigerian lenders – Chapel Hill report
Nigeria’s banking sector is facing renewed scrutiny after a new report by investment banking and research firm Chapel Hill Denham…
Banks Dominate as NGX Companies Spend ₦628bn on Technology in 2025 Amid Digital Race
Listed companies on the Nigerian Exchange poured massive resources into technology in 2025, spending a combined ₦628.1 billion on IT-related…
CBN MPC Meeting: Analysts Predict No Change in Interest Rate as Inflation Pressures Persist
Nigeria’s monetary policy outlook is set for a cautious stance as the Central Bank of Nigeria (CBN) Monetary Policy Committee…
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake Nigeria’s Economy
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar, settling at…
Fuel Import Battle Deepens as Marketers Oppose Dangote’s Fresh Court Move Against Petrol Licences
The battle over fuel importation in Nigeria has intensified after petroleum marketers strongly opposed a fresh lawsuit filed by the…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension
European stock markets began the week on a negative note after renewed tensions between the United States and Iran rattled…