Business Energy International investment South African Investors Set Sights on Dangote Refinery as Africa’s Industrial Future Gains Momentum May 20, 2026 Ekemini Uba Africa’s largest industrial project may soon attract significant South African capital as leading pension and investment institutions expressed strong interest in investing in the Dangote Petroleum Refinery and Petrochemicals. The…
Business Economy Local CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy May 19, 2026 Ekemini Uba Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy stance at its upcoming Monetary Policy Committee (MPC) meeting, as…
Business Economy Local Tax reform: FG opens free dispute resolution channels May 19, 2026 Ekemini Uba The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without paying legal or administrative fees. The initiative is being driven…
Business Economy Local CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts May 19, 2026 Ekemini Uba Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary Policy Committee (MPC) meeting scheduled for Tuesday, May 19, 2026.…
Business Local Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide May 19, 2026 Ekemini Uba The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has officially announced the rollout of a new unified Taxpayer Identification system designed to cover all taxable…
Business Economy Energy Local AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth May 19, 2026 Ekemini Uba 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 industrial and economic future. Energy expert and member of the…
Business International Technology Institute Advocates AI Adoption May 19, 2026 Ekemini Uba Artificial intelligence (AI) is rapidly shifting from a theoretical innovation to a powerful driver of transformation across industries, according to the Chartered Institute of Personnel Management of Nigeria (CIPM). The…
Business International Technology Intel Foundry Business Gains Momentum as CEO Signals New Customer Deals and Manufacturing Breakthrough May 19, 2026 Ekemini Uba Intel is seeing renewed optimism around its foundry business as CEO Lip-Bu Tan says the company’s external chip manufacturing arm is gaining strong momentum. Speaking on CNBC’s Mad Money, Tan…
Business Economy Local CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures May 19, 2026 Ekemini Uba Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5% during its 305th Monetary Policy Committee (MPC) meeting scheduled for…
International Technology Anthropic Acquires Stainless: AI Giant Strengthens Dev Tools Control with Major Startup Deal May 19, 2026 Ekemini Uba Artificial intelligence company Anthropic has officially acquired the developer tools startup Stainless, a company whose software is already widely used across the AI industry, including by rivals like OpenAI, Google,…
Business Energy International US–Iran Crisis Pushes Nigerian Crude Toward $120 as Global Oil Prices Surge May 19, 2026 Ekemini Uba Nigeria’s crude oil market is once again feeling the heat of global tensions, as the ongoing US–Iran crisis drives prices closer to the $120 per barrel mark. Bonny Light, Nigeria’s…
Business Economy International Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty May 19, 2026 Ekemini Uba Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and renewed geopolitical uncertainty following U.S. President Donald Trump’s decision to delay a…
Business Local Stock Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure May 19, 2026 Ekemini Uba The Nigerian equities market started the week on a weak note as investors recorded losses of about N81bn following a mild wave of profit-taking on the Nigerian Exchange Limited (NGX).…
Banking Business Economy Local Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria May 19, 2026 Ekemini Uba Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess liquidity into high-yield Treasury bills amid weak private-sector lending opportunities…
Business Economy Local CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery May 19, 2026 Ekemini Uba The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully on further interest rate increases, warning that additional monetary tightening…
Business Economy International Technology Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List May 19, 2026 Ekemini Uba Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms on the continent, sixth in Nigeria, and 12th overall. The…
Business Local Stock Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday May 19, 2026 Ekemini Uba The Nigerian Exchange (NGX) started the week on a mixed note as Aradel Holdings Plc emerged as the standout performer, driving liquidity in a market that recorded a total turnover…
investment Local Stock SEC Nigeria Approves T+1 Settlement Cycle to Modernize Capital Market from June 1, 2026 May 19, 2026 Ekemini Uba Nigeria’s Securities and Exchange Commission (SEC) has announced a major shift in how trades are settled in the country’s capital market. Beginning June 1, 2026, Nigeria will officially move to…
Business Energy Local Dangote Refinery reduces Jet Fuel Price to N1,650 May 19, 2026 Ekemini Uba Nigeria’s aviation industry has received a major boost as Dangote Petroleum Refinery & Petrochemicals announced a reduction in the price of Jet A1 aviation fuel from N1,750 to N1,650 per…
International investment Technology AFC Unveils $100 Million Investment Plan to Boost Africa’s Tech Startups and Digital Economy May 19, 2026 Ekemini Uba Africa’s technology sector is set for a major boost as the Africa Finance Corporation (AFC) announced plans to invest up to $100 million in Africa-focused technology funds, a move aimed…
Business Economy International Market European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan May 19, 2026 Ekemini Uba European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major corporate developments across the region. The pan-European STOXX 600 index…
Business International investment Africa Soft Power to hold conference on ownership gaps in Africa’s creative economy May 19, 2026 Ekemini Uba Africa’s rapidly expanding creative industry is set to take center stage as the 2026 Africa Soft Power (ASP) Summit kicks off in Nairobi, Kenya, on May 20. The four-day gathering…
Banking Business Economy Local N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth May 18, 2026 Ekemini Uba After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are now under renewed pressure to prove that their expanded balance…
Business International Technology Samsung Union Strike Threat: Talks Extended as Global Chip Supply Chain Faces Disruption Risk May 18, 2026 Ekemini Uba Samsung Electronics and its labour union have agreed to extend negotiations until Tuesday in an urgent effort to prevent what could become the largest strike in the company’s history. The…
Energy International Technology High Energy Prices Could Derail Europe’s AI Race Against the U.S. and China May 18, 2026 Ekemini Uba Europe is racing to compete with the United States and China in the fast-growing artificial intelligence sector, but rising electricity prices may seriously weaken those ambitions. Experts warn that the…
International Technology Elon Musk vs OpenAI Trial Ends With One Big Question: Can Sam Altman Be Trusted? May 18, 2026 Ekemini Uba The legal battle between Elon Musk and OpenAI has reached its final stage, with closing arguments now complete and the decision left in the hands of the jury. At the…
Business Energy International Market Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears May 18, 2026 Ekemini Uba Oil prices surged sharply in early Asian trading on Monday, with Brent crude crossing the $111 mark as renewed geopolitical tensions rattled global energy markets. The latest spike comes amid…
Business Energy investment Local Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows May 18, 2026 Ekemini Uba Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors increasingly explore opportunities in the country’s oil and gas sector.…
Business Local Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System May 18, 2026 Ekemini Uba The Federal Government has announced plans to establish a Smart National Transport Databank (SNTDB) aimed at transforming Nigeria’s transport system through data-driven decision-making and modern digital infrastructure. The initiative was…
Banking Business Finance Local CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference May 18, 2026 Ekemini Uba The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and Finance Association (AWBFA) held its maiden conference. The event brought…
