Business Economy International Stock Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia Earnings and Rising Oil Prices May 18, 2026 Ekemini Uba Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start as investors shifted their attention to upcoming corporate earnings and global risks. Futures…
Business Local Stock Nigerian Stock Market Surges as Investors Trade N374bn Worth of Shares in a Week of Strong Rally May 18, 2026 Ekemini Uba The Nigerian capital market ended last week on a strong bullish note, with investors exchanging an impressive 7.77 billion shares valued at N374.04bn on the floor of the Nigerian Exchange…
Business International Trade West African Ports Vital to Global Economic Survival, Says NPA Boss May 18, 2026 Ekemini Uba The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has emphasized that West African ports play a crucial role in the stability and survival of the global…
Business Economy Local Market FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47% May 18, 2026 Ekemini Uba Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before a gradual easing cycle began to reduce yields across Treasury…
Business Energy International Oil Prices Near $110 as Trump Warns Iran Over Strait of Hormuz Crisis May 18, 2026 Ekemini Uba Oil prices climbed sharply toward $110 per barrel on Sunday, reaching about $109.3 as rising tensions in the Middle East continued to shake global energy markets. According to Oilprice.com data,…
Banking Business investment Local CBN rules give foreign banks, fintechs advantage over Nigerian lenders – Chapel Hill report May 18, 2026 Ekemini Uba Nigeria’s banking sector is facing renewed scrutiny after a new report by investment banking and research firm Chapel Hill Denham claimed that Central Bank of Nigeria (CBN) regulations are creating…
Local Market Technology Banks Dominate as NGX Companies Spend ₦628bn on Technology in 2025 Amid Digital Race May 18, 2026 Ekemini Uba Listed companies on the Nigerian Exchange poured massive resources into technology in 2025, spending a combined ₦628.1 billion on IT-related infrastructure, software systems, cybersecurity, and digital platforms. The figure highlights…
Local Macroeconomic CBN MPC Meeting: Analysts Predict No Change in Interest Rate as Inflation Pressures Persist May 18, 2026 Ekemini Uba Nigeria’s monetary policy outlook is set for a cautious stance as the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) begins its two-day meeting on Monday. Analysts widely expect…
Business Economy Local Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake Nigeria’s Economy May 18, 2026 Ekemini Uba Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar, settling at N1,371.04/$ in the official foreign exchange market. The 0.7 per…
Business Energy Local Fuel Import Battle Deepens as Marketers Oppose Dangote’s Fresh Court Move Against Petrol Licences May 18, 2026 Ekemini Uba The battle over fuel importation in Nigeria has intensified after petroleum marketers strongly opposed a fresh lawsuit filed by the Aliko Dangote-owned Dangote Petroleum Refinery seeking to stop the issuance…
Banking Business Economy Local 63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting May 18, 2026 Ekemini Uba As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a growing number of Nigerians are calling for relief from high…
Business Economy International European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension May 18, 2026 Ekemini Uba European stock markets began the week on a negative note after renewed tensions between the United States and Iran rattled global investors. Markets across the region fell on Monday morning…
Business Local Macroeconomic Nigeria Inflation Rises to 15.69% in April 2026 May 15, 2026 Ekemini Uba Nigeria inflation rises to 15.69% in April 2026, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS). The figure shows a slight increase…
International Technology What happens when AI starts building itself? May 15, 2026 Ekemini Uba A new wave in artificial intelligence is taking shape as San Francisco-based startup Recursive Superintelligence emerges from stealth with a massive $650 million funding round. The company, co-founded by AI…
Business International Technology Nvidia Stock Outlook: Jim Cramer Says AI Chip Sales in China May Help, But Growth Is Strong Either Way May 15, 2026 Ekemini Uba CNBC’s Jim Cramer has weighed in on the growing debate around Nvidia’s future in China, saying the company should be allowed to continue selling its advanced AI chips there. Speaking…
Business Economy International Africa’s Cement Industry Set to Hit $11.71bn by 2029 Amid Infrastructure Boom May 15, 2026 Ekemini Uba Africa’s cement manufacturing industry is on track for significant expansion, with its total market value projected to rise from about $8.7 billion today to $11.71 billion by 2029, according to…
Business Economy International IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and Inflation Pressures May 15, 2026 Ekemini Uba The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald Trump and Chinese President Xi Jinping, describing the renewed engagement between the world’s two largest economies…
Business International Stock Kospi Crashes 6% From Record High as Tech Stocks Tumble May 15, 2026 Ekemini Uba South Korea’s stock market took a dramatic turn on Friday as the Kospi index plunged more than 6%, wiping out earlier gains that had pushed it to a record high.…
Business Economy Local NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed Investor Sentiment May 15, 2026 Ekemini Uba The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key market indicators, despite continued interest in select mid- and small-cap stocks. The session…
Business Local Market Institute Restates Commitment To Capital Market Growth May 15, 2026 Ekemini Uba The Chartered Institute of Stockbrokers (CIS) has reaffirmed its commitment to strengthening Nigeria’s capital market following the election of Jude Chiemeka, Chief Executive Officer of the Nigerian Exchange Limited (Nigerian…
Business Local Stock Nigerian Stock Market Loses N170bn as Investors Trigger Mid-Cap Selloff Amid Profit-Taking May 15, 2026 Ekemini Uba The Nigerian equities market ended trading on a weak note on Thursday, wiping off about N170 billion in investor wealth as a wave of profit-taking hit several mid-cap stocks. The…
Business Economy Finance Local SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning) May 15, 2026 Ekemini Uba The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online investment platforms circulating on social media, many of which it…
Business International Iran wants BRICS to condemn US, Washington boosts UN aid, Kenya fuel prices surge and other stories May 15, 2026 Ekemini Uba Global tensions intensified at a recent BRICS+ summit in New Delhi as Iran called on member states to condemn the United States and Israel over alleged violations of international law.…
Business Economy Local Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling May 15, 2026 Ekemini Uba The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853 per British pound, as shifting political tensions in the United Kingdom weigh heavily…
Business Local Stock Nigerian Stock Market Losses as Investors Lose N170bn Amid Bearish Pressure May 15, 2026 Ekemini Uba The Nigerian stock market ended trading on a negative note as investors collectively lost about N170 billion following sustained bearish pressure across key equities. The downturn reflects a cautious mood…
Business Energy Local NNPC Urged to Revive Refineries Amid Controversy Over Dangote Refinery Stake Expansion May 15, 2026 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC) has come under fresh criticism from industry stakeholders over its reported interest in increasing its stake in the Dangote Petroleum Refinery, with calls…
Local Technology NCC, Judiciary Strengthen Digital Safety and Telecom Infrastructure Protection in Nigeria May 15, 2026 Ekemini Uba The Nigerian Communications Commission (NCC) and the National Judicial Institute (NJI) have stepped up efforts to strengthen Nigeria’s digital safety framework and protect critical telecommunications infrastructure amid rising cyber threats…
Business Economy International Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and Investment Growth May 15, 2026 Ekemini Uba Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at accelerating economic growth, expanding energy access, strengthening agriculture, and boosting private-sector development in Nigeria.…
International Technology SpaceXAI Talent Exodus Deepens as Over 50 Engineers Quit After Musk Merger May 15, 2026 Ekemini Uba Elon Musk’s newly formed AI powerhouse, SpaceXAI, is reportedly experiencing a significant wave of staff departures just months after its high-profile merger. According to The Information, more than 50 engineers…
Banking Business Local Tier-1 Nigerian Banks Surge to N114 Trillion Deposits as Lending Slows Amid Tight Monetary Policy May 15, 2026 Ekemini Uba Nigeria’s biggest banks ended 2025 with a powerful surge in customer deposits, even as lending activity slowed under tight monetary conditions. Fresh audited financial statements show that First HoldCo, Guaranty…
