NGX Weekly Trade Value Falls 50% to N161.8bn as Investors Turn Cautious
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by…
Month: May 2026
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in Economy and Naira Stability
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May…
NNPC Battles Dangote Refinery in Court, Warns Against Fuel Market Monopoly
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum Refinery over fuel import…
Seplat Energy Targets Expansion, Approves 2025 Dividend Amid Record Production Surge
Seplat Energy Plc has entered a bold new phase of expansion, combining strong financial performance with an aggressive growth strategy…
Chinese Investors May Acquire 51% Stake in Port Harcourt and Warri Refineries as Nigeria Eyes NLNG-Style Deal
Nigeria is considering a major shift in its downstream oil sector that could see Chinese investors take a controlling 51…
CBN Sells N829.32bn Treasury Bills as Investors Rush Long-Term Papers Amid Strong Demand
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction…
BUA Cement Declares N338.64bn Dividend as Profit Surges, Targets 23m Tonnes Capacity Expansion
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year,…
European Markets Rise as Stocks Open Higher Despite Puig Collapse and Global Oil Shock
European stock markets opened Friday on a positive note, with major indices posting gains despite growing geopolitical tension and mixed…
Naira Strengthens to ₦1,840/£1 as UK Political Tensions Weigh on Pound Sterling
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to the latest…
CBN Extends Breathing Space for Banks as Legal Bottlenecks Slow Recapitalisation Drive
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the…
Oil Asset Security in Niger Delta Gets Boost as Youth Employment Programs Reduce Vandalism in Bayelsa
For years, oil-producing communities in Nigeria’s Niger Delta have faced a difficult cycle of unemployment, poverty, and rising frustration among…
Risks of Poor AI Adoption in Africa: ipNX Warns Firms on Data, Infrastructure Gaps
Artificial intelligence may be transforming industries across the globe, but experts are warning that rushing into adoption without proper foundations…
How Elon Musk Will Expand His Control Through the SpaceX IPO and What It Means for Investors
Elon Musk is already known for his dominant influence over the companies he leads, and the upcoming SpaceX IPO appears…
FG, Meta Unveil “GovGuide Nigeria” AI Chatbot to Transform Access to Public Services Across Nigeria
The Federal Government has partnered with Meta to launch GovGuide Nigeria, an artificial intelligence-powered chatbot designed to make access to…
Crude Oil Prices Drop on US–Iran Peace Deal Signals as Markets React to Geopolitical Shift
Global oil prices slipped on Thursday as optimism grew over a possible breakthrough in peace negotiations between the United States…
Lenovo Shares Surge Nearly 20% as AI Revenue Fuels Record-Breaking Earnings
Lenovo has posted one of its strongest financial performances in years, sending its shares soaring nearly 20% on Friday. The…
Trade growth: Nigeria’s maritime sector shows early gains from reforms
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from Q1 2026 pointing…
African Marketplace 2026 Heads to Dubai to Attract Global Investors and Showcase Afro-Caribbean Excellence
African Marketplace is set to return in a bigger and more ambitious edition in 2026, with organisers confirming Dubai as…
European Stocks Swing on Iran Nuclear Tensions as Geopolitical Fears Shake Markets
European stock markets ended Thursday on a shaky but slightly positive note as investors reacted to fresh geopolitical tension surrounding…
Sterling Financial Holdings Leads Trading as Nigerian Stock Market Rebounds, Gains 111 Points
The Nigerian stock market rebounded on Thursday, May 21, 2026, recovering from the previous session’s heavy losses as investors returned…
Asia-Pacific Markets Rally as Investors Weigh U.S.-Iran Peace Deal Prospects
Asia-Pacific stock markets ended Friday on a strong note as investors reacted positively to ongoing diplomatic efforts between the United…
FG launches AI platform to improve access to government information, services on WhatsApp
The Federal Government has unveiled GovGuideNigeria, a new artificial intelligence-powered platform designed to make government information and services more accessible…
CBN Holds Interest Rate at 26.50%: What It Means for Mutual Funds, Pension Returns and Investors
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected…
One Market, One Future: Reframing Africa’s Economic Potential
Africa’s economic future may depend less on the strength of individual countries and more on the continent’s ability to operate…
Europe Markets Rise as Eutelsat Surges 12% Amid SpaceX Rivalry and Geopolitical Tension
European stock markets edged slightly higher on Thursday as investors balanced optimism in the tech and aerospace sector with concerns…
Naira Strengthens Against Euro as CBN Holds Interest Rate at 26.5% Amid Economic Reforms
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the…
Europe Needs €475 Billion 5G Investment to Close Digital Gap as Global Leaders Pull Ahead
Europe’s ambition to become a global digital leader is facing a major financial reality check, as new analysis from GSMA…
Seplat Energy Targets $1bn Dividend Payout as Production Goal Hits 200,000 Barrels Per Day
Seplat Energy has set an ambitious goal to reward its shareholders with a $1 billion dividend payout within the next…
NGX Market Capitalisation Drops by N1.6 Trillion as Blue-Chip Selloff Hits Nigerian Stock Market
The Nigerian equities market ended trading on a negative note as investors pulled out of major stocks, wiping out about…
Nigeria-UK Trade Hits £7.6bn as Crude Oil Exports Strengthen Economic Ties in 2025
Nigeria’s trade relationship with the United Kingdom recorded a major boost in 2025, reaching a total value of £7.6bn, largely…