Business Local Market Nigerian Stocks Lose N11 Trillion as Market Correction Deepens: Opportunity or Warning Sign? June 26, 2026 Ekemini Uba Nigeria’s stock market has shed more than N11 trillion from its recent peak, sparking fresh debate among investors over whether the ongoing downturn presents a buying opportunity or signals deeper…
Business Finance International Technology Global Tech Sell-Off Deepens as Nasdaq Futures Slide on Rising AI Infrastructure Costs June 26, 2026 Ekemini Uba Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global market sell-off fueled by concerns over the soaring costs of artificial intelligence infrastructure.…
Business Energy Local Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant Investment June 26, 2026 Ekemini Uba Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the commissioning of a new 70-ton-per-day Air Separation Unit plant in Satellite Town,…
Business Energy Local Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for Cheaper Fuel June 26, 2026 Ekemini Uba Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in its petrol gantry price, bringing the cost down from N1,175 to N1,125…
Business Economy Local Tax Compliance Key to Nigeria’s Economic Growth, Says Oyedele June 26, 2026 Ekemini Uba Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has…
Business Economy Local Ceramic Industry Investment Key to Nigeria’s $1 Trillion Economy Goal, Experts Say June 26, 2026 Ekemini Uba Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics industry if the right investments, policies and infrastructure are put in place,…
Business Local Technology CBN Data Localization Policy Set to Spark Data Centre Investment Boom in Nigeria June 26, 2026 Ekemini Uba Nigeria’s digital infrastructure sector is gearing up for a major transformation following the Central Bank of Nigeria’s (CBN) directive requiring banks, fintech firms, payment service providers, and mobile money operators…
Business Economy Local Nigeria’s exports to East, Southern Africa hit N1tn June 26, 2026 Ekemini Uba Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time, highlighting the growing impact of regional trade agreements and improved market access…
International Technology AI Stock Selloff Deepens as Tech Giants Face Rising Costs and Investor Jitters June 26, 2026 Ekemini Uba Technology stocks across Asia, Europe, and the United States came under intense pressure on Friday as investors continued to pull back from artificial intelligence-related shares, sparking a broad AI stock…
International Technology Patronus AI Raises $50 Million to Build Digital Worlds That Put AI Agents to the Ultimate Test June 26, 2026 Ekemini Uba As artificial intelligence agents become increasingly capable of handling complex tasks on their own, ensuring their reliability has become one of the industry’s biggest challenges. San Francisco-based startup Patronus AI…
International Technology Apple Raises Mac and iPad Prices by Up to 25% as AI-Driven Chip Demand Pushes Costs Higher June 26, 2026 Ekemini Uba Apple has increased the prices of its Mac and iPad product lines by as much as 25%, citing a sharp rise in the cost of memory and storage chips as…
Business Economy International Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets on Edge June 26, 2026 Ekemini Uba U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in the Middle East. Despite fresh concerns surrounding the region, declining…
Business Local Stock Nigerian Stock Market Extends Losses as Investors Wipe Out N959bn in One Day June 26, 2026 Ekemini Uba The Nigerian stock market suffered another major setback on Thursday as persistent sell-offs erased N959 billion from investors’ wealth, extending the market’s bearish run. The decline was largely driven by…
Business Energy Local Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment June 26, 2026 Ekemini Uba Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for greater investment in the nation’s upstream oil sector. Energy marketers…
Business Economy International investment Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth June 26, 2026 Ekemini Uba Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching an estimated $213.8 billion compared to $202.7 billion recorded in…
Agriculture Business Economy International Africa’s top 15 agro-exports driving trade growth June 26, 2026 Ekemini Uba Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and olive oil emerging as the leading export commodities driving trade…
Business International Market Technology Asia Stock Markets Tumble as Tech Sell-Off Sparks Fears Over AI Spending and Rising Costs June 26, 2026 Ekemini Uba Asian stock markets suffered steep losses on Friday as investors rushed to sell technology stocks amid growing concerns that soaring valuations in the sector may no longer be justified. The…
Banking Business Finance Local Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth June 26, 2026 Ekemini Uba Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow of credit to businesses is shrinking. Twelve listed banks increased…
Business Local Market Dangote Refinery IPO Frenzy Sparks Investor Rush as SEC Issues Warning June 26, 2026 Ekemini Uba The anticipation surrounding the highly awaited Dangote Refinery IPO has reached fever pitch, prompting Nigeria’s Securities and Exchange Commission (SEC) to step in and caution investors against unofficial investment schemes.…
Business Economy International Dangote refinery eyes $2bn in historic listing – Report June 26, 2026 Ekemini Uba Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that could raise up to $2 billion and become the biggest…
Banking Business Local Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal June 25, 2026 Ekemini Uba Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent in February 2026 following the Central Bank of Nigeria’s (CBN)…
Business Economy International Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth June 25, 2026 Ekemini Uba President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing expensive finished products, warning that the practice continues to deprive…
Business Economy Energy Local El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback June 25, 2026 Ekemini Uba Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño weather phenomenon may significantly reduce hydropower generation across West Africa.…
Business Energy International Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies June 25, 2026 Ekemini Uba President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing Exxon, Chevron, Shell, and BP of failing to pass lower crude oil prices on to…
Business Energy International Oil price falls to levels not seen since before Iran war June 25, 2026 Ekemini Uba Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers and businesses concerned about rising energy costs. Brent crude, the international…
International Technology Nigeria’s Tech Sector Backs 2027 Data Localisation Deadline as Digital Economy Gains Momentum June 25, 2026 Ekemini Uba Nigeria’s technology industry has expressed growing confidence ahead of the Central Bank of Nigeria’s (CBN) January 1, 2027 deadline requiring financial institutions to localise critical data within the country. Industry…
Business Economy International Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth June 25, 2026 Ekemini Uba Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion recorded the previous year. According to the African Export-Import Bank…
Business International Stock Technology Micron Stock Soars 16% as AI-Driven Earnings Smash Expectations June 25, 2026 Ekemini Uba Micron Technology stunned investors on Thursday as its shares jumped more than 16% in premarket trading following a blockbuster earnings report that highlighted the powerful impact of the artificial intelligence…
Business International Technology Elon Musk Loses Trillionaire Status as Tech Market Sell-Off Hits SpaceX June 25, 2026 Ekemini Uba Elon Musk has fallen below the trillionaire threshold just weeks after making history as the world’s first trillionaire, following a sharp decline in SpaceX and Tesla stock prices. According to…
Business Energy Local Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading June 25, 2026 Ekemini Uba Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is being re-imported into Nigeria through the Lomé trading hub in…
