Business Economy Local OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription May 15, 2026 Ekemini Uba Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a staggering N5.63 trillion in Open Market Operations (OMO) sales within just…
Business International investment Heirs Holdings Subsidiaries Ranked Among Africa’s Fastest-Growing Companies by Financial Times May 15, 2026 Ekemini Uba Heirs Holdings has strengthened its reputation as one of Africa’s leading investment groups after three of its subsidiaries earned spots on the prestigious 2026 Financial Times Africa’s Fastest-Growing Companies ranking.…
Energy International investment Local Nigeria Set to Attract $20bn Foreign Investments in 2026 — Tinubu Declares at Africa CEO Forum May 15, 2026 Ekemini Uba President Bola Tinubu has projected that Nigeria could attract nearly $20 billion in foreign direct investments (FDI) in 2026, signaling growing investor confidence in the country’s economy. Speaking at the…
Business Energy Local Market PenCom Gives PFAs Green Light to Invest in Dangote Refinery IPO Ahead of Historic Listing May 15, 2026 Ekemini Uba Nigeria’s pension industry is set for a major investment shift after the National Pension Commission (PenCom) approved a special waiver allowing Pension Fund Administrators (PFAs) to invest in the highly…
Business International investment Tinubu Targets Massive Investment in Power, Mining Sectors at Africa CEO Forum — Oyedele May 15, 2026 Ekemini Uba Nigeria’s push to attract fresh foreign investment took centre stage at the ongoing Africa CEO Forum in Kigali, Rwanda, as Finance Minister Taiwo Oyedele revealed that President Bola Tinubu is…
Business Energy Local OPEC+ Moves to Restore 1.65 Million bpd Oil Cuts by September Amid Middle East Tensions May 14, 2026 Ekemini Uba Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months, aiming to fully restore the 1.65 million barrels per day…
Business Energy Local Stock Dangote Refinery Set for Africa’s Biggest IPO With POS, Fintech Platforms for Retail Investors May 14, 2026 Ekemini Uba Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale (POS) terminals, fintech platforms, and mobile technology for its highly…
Business International Macroeconomic Zambia Slashes Interest Rate to 13.25% as Inflation Cools Amid Global Uncertainty May 14, 2026 Ekemini Uba Zambia Continues Easing Cycle with Third Rate Cut Zambia’s central bank has lowered its benchmark interest rate to 13.25% from 13.5%, marking the third consecutive rate cut as inflationary pressures…
Banking Local Macroeconomic FX Inflows Hit $112.27bn as Autonomous Dollar Sources Dominate Nigeria’s FX Market in 2025 May 14, 2026 Ekemini Uba Nigeria’s foreign exchange market underwent a major structural shift in 2025, as total FX inflows climbed to $112.27 billion, with autonomous sources—private capital flows outside Central Bank control—emerging as the…
International Technology Google transforms Android into AI-powered ‘Intelligent System’ with Gemini features May 14, 2026 Ekemini Uba Google has unveiled a major transformation of its Android operating system, introducing a new wave of artificial intelligence-powered features designed to make smartphones smarter, more secure, and highly personalised. The…
Business Local Technology SEC Pushes Data and AI-Driven “Intelligent Investing” to Transform Nigeria’s Capital Market May 14, 2026 Ekemini Uba The Securities and Exchange Commission (SEC) says Nigeria’s capital market is entering a new phase where data, artificial intelligence (AI), and advanced technology will define how investments are made, managed,…
Local Macroeconomic Nigeria Inflation Set to Rise Again as FMDA Projects 16.42% April Rate Amid Food and Energy Pressures May 14, 2026 Ekemini Uba Nigeria’s inflation outlook is once again turning upward, as the Financial Market Dealers Association (FMDA) projects that headline inflation will climb to 16.42% year-on-year in April 2026. The report points…
Business Economy International Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities Under AfCFTA May 14, 2026 Ekemini Uba Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies, but the World Bank believes Ghana is in a strong…
Local Technology Telcos Pour N2.5 Trillion into Network Expansion as NCC Battles Rising Service Complaints in Nigeria May 14, 2026 Ekemini Uba Nigeria’s telecommunications industry recorded massive infrastructure spending in 2025, with operators investing over N2.5 trillion to upgrade and expand network coverage across the country, according to the Nigerian Communications Commission…
Business Local Technology AI Adoption in Nigeria Drives Productivity Growth as 93% of Firms Embrace Smart Technology May 14, 2026 Ekemini Uba Artificial intelligence is quickly becoming a major driver of business growth in Nigeria, as companies shift from experimenting with the technology to fully integrating it into core operations. According to…
Business International Macroeconomic Nigeria Debt Servicing to Hit $11.6bn in 2026, Tinubu Warns of Economic Strain on Growth May 14, 2026 Ekemini Uba President Bola Ahmed Tinubu has revealed that Nigeria is projected to spend a staggering $11.6 billion on debt servicing in 2026, marking a sharp increase from the $5.21 billion recorded…
Business Local Technology Telcos Promise Better Network Quality in Nigeria as ATCON Pledges Service Improvements Before Year-End May 14, 2026 Ekemini Uba Telecommunications companies in Nigeria have pledged that users will experience better call quality, stronger network coverage, and improved internet services before the end of 2026. The promise comes amid rising…
Business Local Stock First HoldCo Drives NGX Activity as All-Share Index Crosses 252,500 Level May 14, 2026 Ekemini Uba The Nigerian Exchange (NGX) closed Wednesday, 13 May 2026, on a mildly positive note as the All-Share Index climbed 0.04% to 252,508.2 points, officially crossing the 252,500 mark. This reflects…
Business Economy International Politics Nigeria, Rwanda Strengthen Bilateral Relations May 14, 2026 Ekemini Uba Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy, and regional integration across Africa. This development was confirmed during…
Business International Market Asia Markets Mixed as Trump–Xi Talks and Iran Tensions Shake Investor Sentiment May 14, 2026 Ekemini Uba Asia-Pacific stock markets traded mixed on Wednesday as investors reacted to rising geopolitical tensions, fresh U.S. inflation concerns, and anticipation ahead of a key diplomatic meeting between U.S. President Donald…
Business International Technology Firm Launches AI-powered Tools To Cut Cost, Complexity Of Payment Disputes May 14, 2026 Ekemini Uba Visa has launched a new suite of AI-powered dispute resolution tools aimed at helping businesses tackle the growing cost and complexity of payment disputes across the global financial ecosystem. The…
Business International Stock World European Markets Rise as UK Political Uncertainty and Trump-Xi Talks Drive Investor Attention May 14, 2026 Ekemini Uba European stock markets opened on a positive note Thursday morning as investors closely monitored major political developments unfolding in both the United Kingdom and China. The pan-European STOXX 600 index…
Business Energy Local Aliko Dangote Rejects NNPC Bid for Bigger Refinery Stake as Petrol Supply Hits ₦3.2tn May 14, 2026 Ekemini Uba Nigeria’s richest businessman, Aliko Dangote, has revealed that the Dangote Group turned down an attempt by the Nigerian National Petroleum Company Limited to acquire a larger stake in the Dangote…
Business Energy International Trump Considers Fuel Tax Cut as Oil Prices Hit $107 Amid US-Iran War May 13, 2026 Ekemini Uba Americans are facing mounting economic pressure as petrol prices continue to climb following the escalating conflict between the United States and Iran. The crisis in the Middle East has disrupted…
Business Energy International investment Dangote Targets $50bn Refinery Valuation Ahead of IPO as Expansion Plans Stretch Across Africa May 13, 2026 Ekemini Uba Africa’s richest man, Aliko Dangote, is positioning his flagship refinery for a major leap into global capital markets, with the business targeting a valuation of up to $50 billion ahead…
Economy Local Technology NIBSS Intermittent Failures Trigger Delayed Transactions Across Nigerian Fintech and Banking Channels May 13, 2026 Ekemini Uba Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank Settlement System (NIBSS) reportedly suffered intermittent system failures, causing delays in electronic transfers across banks and fintech…
Business Economy Local Nigerian Stock Market Rally Continues as Equities Gain N1.52 Trillion Amid Strong Investor Demand May 13, 2026 Ekemini Uba The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of about N1.52 trillion, pushing total market capitalisation above N161.77 trillion. The sustained rally…
Banking Business Local Tier-One Nigerian Banks’ Assets Hit N161.4 Trillion Amid Strong Earnings Growth (FUGAZ Banks 2025 Report) May 13, 2026 Ekemini Uba Nigeria’s five biggest lenders—commonly known as FUGAZ—ended 2025 on a stronger footing, with combined total assets climbing to N161.4 trillion. This represents a 12.9% increase from N143 trillion recorded in…
Business Energy International Jet Fuel Crisis in Europe Boosts Dangote Refinery Exports by 75% as Nigeria Gains Global Supply Role May 13, 2026 Ekemini Uba Nigeria’s Dangote Petroleum Refinery is rapidly strengthening its position in the global energy market as Europe battles a severe jet fuel shortage triggered by geopolitical tensions in the Middle East.…
Business Economy International IMF Warns Unrealistic Budgets Are Driving Wider Fiscal Deficits in Sub-Saharan Africa May 13, 2026 Ekemini Uba Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the International Monetary Fund warns that unrealistic budget assumptions are contributing to wider fiscal…
