Business Economy International World Bank Group Targets $23bn Private Capital Push to Power Africa’s Jobs and Infrastructure Growth May 21, 2026 Ekemini Uba The World Bank Group has announced an ambitious plan to mobilise around $23 billion in private capital for Africa, in a major push aimed at accelerating development, job creation, and…
Business Energy International Oil Prices Slip to $105 as US–Iran Peace Talks Ease Middle East Tensions May 21, 2026 Ekemini Uba Global oil prices slipped on Wednesday as Brent crude fell to $105 per barrel, reflecting growing optimism over ongoing peace negotiations between the United States and Iran aimed at reducing…
Business International Technology SpaceX IPO Filing Reveals $1.75T Ambition and AI Push May 21, 2026 Ekemini Uba SpaceX, the aerospace giant founded by Elon Musk over two decades ago, has officially released its long-awaited IPO filing, setting the stage for what could become one of the biggest…
Business Energy International Dangote Refinery Expands Jet Fuel Exports Across Europe as Global Supply Tightens May 21, 2026 Ekemini Uba Nigeria’s Dangote Refinery is rapidly strengthening its footprint in the global aviation fuel market, with fresh data showing a major expansion of jet fuel exports across Europe and North Africa.…
Business Economy Local CBN Interventions Drop Below 2% as FX Market Deepens, Says Cardoso May 21, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has significantly reduced, with interventions now accounting for less than 2% of total…
Banking Business Economy Local CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in Nigeria May 21, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its latest Monetary Policy Committee (MPC) meeting held in Abuja. The decision reflects the…
Business Economy insurance Local Insurance Firms Double Tax Payments to N15.2bn Despite 15% Drop in Profit Before Tax May 21, 2026 Ekemini Uba Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance companies paying a combined N15.2 billion in income taxes, more than double the N6.6…
Business Local Market Dangote Refinery Eyes $2bn Private Investment Drive Ahead of Landmark IPO May 21, 2026 Ekemini Uba Nigeria’s biggest industrial project, the Dangote Refinery, is attracting strong investor interest ahead of its planned initial public offering (IPO), with founder Aliko Dangote revealing that the company has already…
Agriculture Business Local Nigeria’s ginger export crashes from N26 billion to zero in three years May 21, 2026 Ekemini Uba Nigeria’s ambition to expand non-oil exports has suffered a major setback after the country’s ginger export earnings plunged from N26.2 billion in 2023 to zero by the end of 2025.…
Business Local Market Technology Nigeria builds unicorns, Wall Street takes the wealth May 21, 2026 Ekemini Uba Nigeria has emerged as Africa’s leading technology powerhouse, producing some of the continent’s most valuable startups and attracting billions of dollars in foreign investment. Companies such as Flutterwave, OPay, Interswitch…
Business Economy International Dangote Refinery Listing to Open Africa’s Industrial Future to Investors May 20, 2026 Ekemini Uba President of the Dangote Group, Aliko Dangote, has revealed that the planned listing of Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange (NGX) is aimed at giving Africans a…
Business Local Pension PenCom Launches PenCare Pilot Scheme to Provide Free Healthcare for Low-Income Retirees May 20, 2026 Ekemini Uba The National Pension Commission (PenCom) has launched the pilot phase of its new healthcare support programme, known as the PenCare initiative, aimed at improving the welfare of retirees under the…
Business Economy International Africa Set to Receive $6.4 Billion Annual Investment Guarantees as World Bank Arm Moves to Unlock Private Capital May 20, 2026 Ekemini Uba Africa is set for a major boost in development financing as the World Bank’s Multilateral Investment Guarantee Agency (MIGA) plans to more than double its annual guarantees to $6.4 billion…
Business Local Macroeconomic Nigeria Credit Rating Upgrade 2026: FX Reforms and Fiscal Policies Drive S&P Boost May 20, 2026 Ekemini Uba Nigeria’s economic reform drive has earned fresh global recognition after ratings agency S&P Global Ratings upgraded the country’s sovereign credit rating from “B-” to “B,” citing stronger fiscal management, improved…
Business Energy Local Nigeria’s Oil Exploration Drops 41.7% as Rig Count Falls to 12 – OPEC Report Raises Production Concerns May 20, 2026 Ekemini Uba Nigeria’s oil and gas sector recorded a sharp slowdown in April 2026, as exploration and drilling activities fell by 41.7%, according to the latest Monthly Oil Market Report released by…
Business Economy International How Africa’s misaligned gas commercial model hurts its economies May 20, 2026 Ekemini Uba Across Africa, a strange economic contradiction is unfolding: countries rich in natural gas reserves continue to suffer widespread energy poverty. Despite holding over 200 trillion cubic feet of gas in…
Business International Technology Nigeria’s AI Adoption Lags Behind Global Average as Infrastructure Gaps Deepen Digital Divide May 20, 2026 Ekemini Uba Nigeria is falling behind in the global artificial intelligence race, according to a new Microsoft report that highlights a widening gap between developed and developing economies in AI adoption. The…
Business Economy Energy Local Nigeria’s Oil Sector Booms as Local Content Policy Drives 117 Operating Firms and 61% Industry Growth May 20, 2026 Ekemini Uba Nigeria’s oil and gas sector is undergoing a major transformation as local content policies continue to reshape the industry, boosting indigenous participation and reducing reliance on foreign operators. New figures…
Business Energy International investment South African Pension Fund Targets Dangote Refinery IPO as African Investors Eye Energy Mega-Project May 20, 2026 Ekemini Uba African institutional investors are showing strong interest in the upcoming Dangote Refinery IPO, as representatives of South Africa’s Government Employees Pension Fund (Government Employees Pension Fund (GEPF)) and the Public…
Business Energy Local Nigeria Oil Industry Sees Major Boom as Local Content Policy Drives 117 Operating Firms May 20, 2026 Ekemini Uba Nigeria’s oil and gas industry is undergoing a major transformation as local content policies continue to reshape the sector and expand indigenous participation. Officials say the number of operating oil…
Business Finance investment Local SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market Transition May 20, 2026 Ekemini Uba The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria will officially adopt a T+1 settlement cycle for equities and…
Business International Market Wall Street Slips as Inflation Fears and Oil Shock Rattle US Markets May 20, 2026 Ekemini Uba US stocks retreated in early trading on Tuesday as renewed inflation fears and rising global tensions pushed investors into a cautious mood. The sell-off came as oil prices stayed elevated…
International Technology Pan-African AI Ethics Fellowship Launches to Shape Safer and More Inclusive Artificial Intelligence Governance May 20, 2026 Ekemini Uba A new Pan-African initiative has been launched to strengthen ethical oversight and governance of artificial intelligence as African countries rapidly adopt emerging technologies across key sectors. The programme brings together…
Business Local Stock Equities Post Modest Rebound As Selective Gains Add N917bn On NGX May 20, 2026 Ekemini Uba Trading at the Nigerian Exchange (NGX) closed on a mildly positive note as selective buying interest helped the market recover, even though most stocks still ended in the red. The…
Business Economy International W’Bank flags skills deficit across African economies May 20, 2026 Ekemini Uba A growing mismatch between the skills African workers have and what employers actually need is becoming a major barrier to economic growth, job creation, and business expansion across the continent.…
International Technology Google Search Goes Fully AI May 20, 2026 Ekemini Uba Google has officially announced what may be the biggest transformation in its history: a complete overhaul of Google Search powered by artificial intelligence. Revealed at Google I/O, the company says…
Business Economy Local FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026 Auction May 20, 2026 Ekemini Uba Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions dropped sharply by 45.6 per cent compared to the previous month. This decline came…
Business Economy International investment European Stocks Slip as Bond Yield Surge, Inflation Data Weigh on Investor Sentiment May 20, 2026 Ekemini Uba European stock markets opened in negative territory on Wednesday as investors grappled with rising global bond yields, fresh inflation data from the United Kingdom, and heightened geopolitical tensions in the…
Business Local Stock BUA Cement, Banking Stocks Lift NGX as All-Share Index Ends Four-Day Losing Streak May 20, 2026 Ekemini Uba The Nigerian stock market returned to positive territory on Tuesday as gains in BUA Cement and several large-cap banking stocks helped the Nigerian All-Share Index break a four-session losing streak.…
Business Economy Energy International World Bank says global carbon pricing revenue tops $107 billion in 2025 May 20, 2026 Ekemini Uba Global carbon pricing revenue climbed above $107 billion in 2025, marking another milestone in the worldwide push to reduce greenhouse gas emissions and accelerate the transition to cleaner energy. The…
