Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After Presidential Assent
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026 budget, despite President Bola…
Month: May 2026
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance, remitting a total of N2.89 trillion…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an…
Cerebras IPO 2026: OpenAI-Backed AI Chipmaker Targets $26.6bn Valuation in Blockbuster Public Listing
Cerebras Systems, the AI chip company closely linked to OpenAI, is moving closer to what could become one of the…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major Technical Partnership Push
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s long-troubled refineries, signing a…
Nigeria Hits 185.7 Million Active Subscribers as Telcos Begin Compensation for Poor Network Services
Nigeria’s telecommunications sector has recorded another milestone, with active mobile subscriptions rising to 185.7 million in March 2026. This increase,…
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift
Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined N286.19 trillion in mobile banking…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key Business Updates to Watch
This week’s global business landscape is shaping up with major developments across energy, media, and economic policy. From oil market…
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability Improves
The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per dollar…
European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment
European stocks opened mixed on Tuesday as investors reacted cautiously to rising geopolitical tensions linked to the Iran conflict, which…
SWOOT Market Cap Surges to N142.79 Trillion, Commands 91.71% of NGX in April 2026 Rally
Nigeria’s equities market extended its bullish momentum in April 2026, with Stocks Worth Over One Trillion (SWOOT) strengthening their grip…
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…
NERC Shifts Electricity Complaints to State Regulators in 15 States
Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has asked electricity consumers in…
MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift to Gas
MTN Nigeria is facing mounting financial pressure as soaring diesel prices, now hovering around N2,000 per litre, threaten to erase…
Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute
An English High Court has imposed a sweeping global asset freeze on Nigerian oil trader Abdulrahman Musa Bashar after he…
NGX Brokers Drive Record Market Rally as 10 Firms Dominate N949.9bn April Trades
Ten stockbroking firms dominated trading activity on the Nigerian Exchange (NGX) in April 2026, executing a combined N949.899 billion in…
South Korean Stocks Hit Fresh Record After Historic Rally as Global Markets React to Middle East Tensions
South Korean stocks surged to a fresh all-time high on Monday, extending a powerful momentum that followed their strongest monthly…
East Africa Investment Inflows Hit $4.1bn as Reforms Boost Capital Growth Across Region
East Africa has recorded a significant surge in foreign and domestic investment, pulling in about $4.1 billion between 2021 and…
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New External Debt
Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the Federal Capital Territory (FCT)…
Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate Governance After Recapitalisation
Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on bank directors and corporate leaders to…
Nigeria Oil Revenue Windfall: BMI Projects N6.8 Trillion Gain as GDP Growth Hits 4.4% in 2026
Nigeria is expected to record a significant boost in oil earnings in 2026, with new projections suggesting an additional N6.8…
Big Oil Returns to Canada as Energy Crunch Reshapes Global Supply Chains
After nearly a decade of divestment, major oil companies are once again turning their attention to Canada’s oil and gas…
Best AI Dictation Apps in 2026: Ranked Tools for Faster, Smarter Voice-to-Text Writing
AI dictation tools have rapidly evolved from clunky voice-to-text systems into smart writing assistants powered by large language models. In…
Nigeria to Gain FX Windfall as Crude Oil Surges Above $105 Amid Global Tensions
Nigeria is on track to record stronger foreign exchange inflows as global crude oil prices climb above $105 per barrel,…
NGX Market Cap Hits N155.9tn as Investors Gain N2.68tn Amid Industrial Stock Rally
The Nigerian Exchange (NGX) closed April 2026 on a historic high, with market capitalisation surging to N155.9tn as investors collectively…
Nigeria Pushes for Fairness in Global Net-Zero Shipping Drive at IMO Talks
Nigeria has urged the international maritime community to ensure fairness and equity as the global shipping industry moves toward net-zero…
CBN to Raise N700 Billion via Treasury Bills Auction in May 2026 Amid Strong Investor Demand
The Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through its Nigerian Treasury Bills (NTBs) auction…
OPEC+ Approves 188,000 bpd Oil Production Increase Amid UAE Exit and Market Uncertainty
OPEC+ has agreed to increase oil production by 188,000 barrels per day (bpd) starting in June, even as the United…
Nigeria’s Dollar GDP Rises 22% to $307bn in 2025 Amid Naira Gains and Economic Recovery
Nigeria’s economy recorded a significant milestone in 2025 as its dollar-denominated gross domestic product (GDP) rose by 22 per cent…
Jet Fuel Price Drops to N1,820 as Dangote Offers Direct Airline Supply Amid Aviation Cost Crisis
The Dangote Petroleum Refinery has announced it will begin direct supply of aviation fuel to airlines in Nigeria at N1,820…