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Month: May 2026

South African Investors Set Sights on Dangote Refinery as Africa’s Industrial Future Gains Momentum
BusinessEnergyInternationalinvestment

South African Investors Set Sights on Dangote Refinery as Africa’s Industrial Future Gains Momentum

Africa’s largest industrial project may soon attract significant South African capital as leading pension and investment institutions expressed strong interest…

byayotilewaMay 20, 2026
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy
BusinessEconomyLocal

CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy

Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy…

byayotilewaMay 19, 2026
Tax reform: FG opens free dispute resolution channels
BusinessEconomyLocal

Tax reform: FG opens free dispute resolution channels

The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without…

byayotilewaMay 19, 2026
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts
BusinessEconomyLocal

CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts

Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary…

byayotilewaMay 19, 2026
Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide
BusinessLocal

Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide

The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has officially announced the rollout of a…

byayotilewaMay 19, 2026
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth
BusinessEconomyEnergyLocal

AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth

Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a game-changer that could reshape the country’s…

byayotilewaMay 19, 2026
Institute Advocates AI Adoption
BusinessInternationalTechnology

Institute Advocates AI Adoption

Artificial intelligence (AI) is rapidly shifting from a theoretical innovation to a powerful driver of transformation across industries, according to…

byayotilewaMay 19, 2026
Intel Foundry Business Gains Momentum as CEO Signals New Customer Deals and Manufacturing Breakthrough
BusinessInternationalTechnology

Intel Foundry Business Gains Momentum as CEO Signals New Customer Deals and Manufacturing Breakthrough

Intel is seeing renewed optimism around its foundry business as CEO Lip-Bu Tan says the company’s external chip manufacturing arm…

byayotilewaMay 19, 2026
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures
BusinessEconomyLocal

CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures

Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5%…

byayotilewaMay 19, 2026
Anthropic Acquires Stainless: AI Giant Strengthens Dev Tools Control with Major Startup Deal
InternationalTechnology

Anthropic Acquires Stainless: AI Giant Strengthens Dev Tools Control with Major Startup Deal

Artificial intelligence company Anthropic has officially acquired the developer tools startup Stainless, a company whose software is already widely used…

byayotilewaMay 19, 2026May 19, 2026
US–Iran Crisis Pushes Nigerian Crude Toward $120 as Global Oil Prices Surge
BusinessEnergyInternational

US–Iran Crisis Pushes Nigerian Crude Toward $120 as Global Oil Prices Surge

Nigeria’s crude oil market is once again feeling the heat of global tensions, as the ongoing US–Iran crisis drives prices…

byayotilewaMay 19, 2026
Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty
BusinessEconomyInternational

Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty

Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and renewed geopolitical…

byayotilewaMay 19, 2026
Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure
BusinessLocalStock

Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure

The Nigerian equities market started the week on a weak note as investors recorded losses of about N81bn following a…

byayotilewaMay 19, 2026
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
BankingBusinessEconomyLocal

Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria

Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess…

byayotilewaMay 19, 2026
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
BusinessEconomyLocal

CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery

The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully…

byayotilewaMay 19, 2026
Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List
BusinessEconomyInternationalTechnology

Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List

Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms…

byayotilewaMay 19, 2026
Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday
BusinessLocalStock

Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday

The Nigerian Exchange (NGX) started the week on a mixed note as Aradel Holdings Plc emerged as the standout performer,…

byayotilewaMay 19, 2026
SEC Nigeria Approves T+1 Settlement Cycle to Modernize Capital Market from June 1, 2026
investmentLocalStock

SEC Nigeria Approves T+1 Settlement Cycle to Modernize Capital Market from June 1, 2026

Nigeria’s Securities and Exchange Commission (SEC) has announced a major shift in how trades are settled in the country’s capital…

byayotilewaMay 19, 2026
Dangote Refinery reduces Jet Fuel Price to N1,650
BusinessEnergyLocal

Dangote Refinery reduces Jet Fuel Price to N1,650

Nigeria’s aviation industry has received a major boost as Dangote Petroleum Refinery & Petrochemicals announced a reduction in the price…

byayotilewaMay 19, 2026
AFC Unveils $100 Million Investment Plan to Boost Africa’s Tech Startups and Digital Economy
InternationalinvestmentTechnology

AFC Unveils $100 Million Investment Plan to Boost Africa’s Tech Startups and Digital Economy

Africa’s technology sector is set for a major boost as the Africa Finance Corporation (AFC) announced plans to invest up…

byayotilewaMay 19, 2026
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
BusinessEconomyInternationalMarket

European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan

European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major…

byayotilewaMay 19, 2026
Africa Soft Power to hold conference on ownership gaps in Africa’s creative economy
BusinessInternationalinvestment

Africa Soft Power to hold conference on ownership gaps in Africa’s creative economy

Africa’s rapidly expanding creative industry is set to take center stage as the 2026 Africa Soft Power (ASP) Summit kicks…

byayotilewaMay 19, 2026
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
BankingBusinessEconomyLocal

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…

byayotilewaMay 18, 2026
Samsung Union Strike Threat: Talks Extended as Global Chip Supply Chain Faces Disruption Risk
BusinessInternationalTechnology

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…

byayotilewaMay 18, 2026
High Energy Prices Could Derail Europe’s AI Race Against the U.S. and China
EnergyInternationalTechnology

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…

byayotilewaMay 18, 2026
Elon Musk vs OpenAI Trial Ends With One Big Question: Can Sam Altman Be Trusted?
InternationalTechnology

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…

byayotilewaMay 18, 2026
Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears
BusinessEnergyInternationalMarket

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…

byayotilewaMay 18, 2026
Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
BusinessEnergyinvestmentLocal

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…

byayotilewaMay 18, 2026
Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System
BusinessLocal

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…

byayotilewaMay 18, 2026
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
BankingBusinessFinanceLocal

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…

byayotilewaMay 18, 2026

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