Business Economy Local FMDA projects N10.53 trillion inflows in May on heavy OMO maturities May 7, 2026 Ekemini Uba Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53 trillion, according to the Financial Markets Dealers Association (FMDA). The…
Business Economy Local Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive May 7, 2026 Ekemini Uba Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in global capital markets. The move follows its first major step…
Business Local Market Nigeria Eurobonds rally as yields fall below 8% for the first time May 7, 2026 Ekemini Uba Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the curve for the first time ever. The rally reflects renewed confidence from foreign portfolio investors,…
Business Economy Local Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima May 7, 2026 Ekemini Uba Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima. The disclosure signals growing investor confidence in the sector, as…
Business Local Stock NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity May 7, 2026 Ekemini Uba The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle at 242,729.5 points, up from 241,750.15 recorded in the previous session.…
Business Finance Local Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window May 7, 2026 Ekemini Uba The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in trading activity at the Nigerian Foreign Exchange Market (NFEM). Fresh…
Business Energy Local Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline May 6, 2026 Ekemini Uba Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from the previous month, according to the Nigerian Electricity Regulatory Commission…
Local Macroeconomic Nigeria Inflation Outlook: 7 Economists Predict Mixed Pressure Ahead of April NBS Report May 6, 2026 Ekemini Uba As Nigerians await the April inflation data from the National Bureau of Statistics (NBS), a survey of seven economists suggests that price pressures are likely to remain high, even with…
Business Energy Local Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per Litre May 6, 2026 Ekemini Uba The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor Spirit (PMS), bringing the rate back down to N1,275 per litre from N1,350.…
Business Energy International Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally May 6, 2026 Ekemini Uba Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States and Iran may be moving toward easing tensions. The possibility…
Business International Investor retreat drives Africa start-up funding to 13-month trough May 6, 2026 Ekemini Uba Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest level in 13 months. According to data from Africa: The…
Business International Macroeconomic Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions May 6, 2026 Ekemini Uba Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price increases. According to new data released by the Central Agency…
Business International Technology Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally May 6, 2026 Ekemini Uba Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic 15% jump in its share price. The rally was driven…
International Technology AI Job Loss Fears Overstated as Experts Push Back on Anthropic CEO’s Warning May 6, 2026 Ekemini Uba Concerns over artificial intelligence replacing large numbers of entry-level white-collar jobs have sparked global debate, but several experts are now pushing back against those fears. The discussion follows warnings from…
Business Energy International Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes May 6, 2026 Ekemini Uba Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan to escort commercial vessels through the Strait of Hormuz. The…
Business Energy Local Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply Chain May 6, 2026 Ekemini Uba Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude oil made available by international and independent producers were not taken up by…
Business Energy Local Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil – NUPRC Report May 6, 2026 Ekemini Uba Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million barrels of crude oil in the first quarter of 2026, significantly below the 61.9…
Business Energy Local NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port Harcourt, Warri Plants May 6, 2026 Ekemini Uba Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company Limited’s (NNPC) new partnership with two Chinese firms aimed at reviving the long-dormant Port Harcourt and…
Banking International investment AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap May 6, 2026 Ekemini Uba The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how to mobilise more development financing for Africa, as the continent continues to face…
Business Economy International IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures May 6, 2026 Ekemini Uba The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term, raising fresh concerns about the country’s fiscal stability as oil…
Business Economy Local NGX Extends Trading Hours: Will Longer Sessions Boost Liquidity or Weaken Market Volumes? May 6, 2026 Ekemini Uba Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX). The reform is already reshaping how investors trade, sparking debate…
Business Economy Local Naira Strengthens to N1,362/$ Amid Dollar Weakness, Extends FX Market Gains May 6, 2026 Ekemini Uba Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the United States dollar. Fresh data released by the Central Bank…
Business International Stock South Korea’s Kospi Hits Record High Above 7,000 as Samsung Surges May 6, 2026 Ekemini Uba South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across Asia-Pacific markets. The surge followed strong overnight gains on Wall…
Business Finance Local NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off May 6, 2026 Ekemini Uba Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market value, reflecting growing investor caution and widespread sell-offs. The drop…
Business Economy Local CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks May 5, 2026 Ekemini Uba Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle East crisis, inflation pressures, and tighter financial conditions—continues to test…
Business Local Stock NGX Recovers Over N500m for Investors, Strengthens Market Integrity in Nigeria May 5, 2026 Ekemini Uba The NGX Regulation Limited (NGX RegCo) has recovered more than N500 million for investors, reinforcing its commitment to investor protection and transparency in Nigeria’s capital market. The regulatory arm of…
Business Local Market Nigerian Stock Market Gains N63bn as May Trading Opens on Bullish Note May 5, 2026 Ekemini Uba The Nigerian stock market kicked off trading for the month of May on a positive note, recording a gain of N63 billion as investor confidence strengthened. The bullish start reflects…
Business Local Lafarge Africa Declares N96.64bn Dividend for FY2025 as Profit Surges May 5, 2026 Ekemini Uba Lafarge Africa Plc has announced a total dividend payout of N96.64 billion to its shareholders for the 2025 financial year, reflecting a strong year of financial performance. The company declared…
Business Economy Local Naira Rebounds in April 2026, Gains N51 as FX Volatility Eases and Market Confidence Returns May 5, 2026 Ekemini Uba The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April in three years. According to Central Bank of Nigeria (CBN)…
Business Economy Local Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity Strategy Shifts May 5, 2026 Ekemini Uba Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following the Monetary Policy Committee’s decision to reduce the Monetary Policy Rate (MPR)…
