Dangote Refinery Targets Global Jet Fuel Dominance with 700,000 BPD Expansion Plan
Dangote Refinery is setting its sights on becoming a dominant force in the global jet fuel market, with plans to…
Day: June 4, 2026
Bearish Pressure Deepens as Nigerian Stock Market Loses N2.28 Trillion in Midweek Sell-Off
The Nigerian equities market extended its losing streak on Wednesday, closing in the red for the third consecutive trading session…
Asia-Pacific Markets Slide as Middle East Tensions Surge and Oil Prices Climb
Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States, and Israel…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising Transaction Growth
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the…
Telecom Sector Attracts Just $7.24m Foreign Capital in Q1 2026 Despite Tariff Hike
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking…
Dangote Refinery and the refining of sovereignty
In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude oil—it is quietly reshaping what…
AI Data Centres Set to Consume More Power Than Nigeria, Pakistan and Bangladesh Combined by 2030 — UN Warns
Global electricity demand from AI-driven data centres is set to surge at an unprecedented rate, with a new United Nations-backed…
SoftBank Share Price Plunges 11% Amid Global Tech Sell-Off Over AI Valuation Fears
SoftBank Group shares tumbled more than 11% on Thursday, extending a wider sell-off across global technology markets. The decline came…
World Bank Expands West Africa Power Grid, Boosting Electricity Access for Millions
The World Bank has reported major progress in its regional electricity initiative aimed at improving power supply across West Africa.…
Meren Energy Nigeria Investment Boost as NUPRC Confirms 2026 Licensing Round Timeline
Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas sector, signaling renewed confidence in…
Nigerian Stock Market Extends Losses, Investors Lose N2.28 Trillion in 3-Day Selloff
The Nigerian equities market extended its losing streak on Wednesday, marking a third straight day of declines as investors reacted…
Tinubu Approves 2026 Oil Block Licensing Round as Nigeria Targets Fresh Upstream Investment Surge
Nigeria is set for a new wave of oil sector activity as President Bola Tinubu has approved the 2026 oil…
Africa Can Unlock $469bn Annually Without Raising Taxes – AfDB Pushes Efficiency Reform
Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates, according to the…
Meta launches Business AI Agent for 24/7 customer service — here are 5 powerful things it can do
Meta Platforms has introduced a new artificial intelligence tool designed to transform how businesses interact with customers around the clock.…
Tinubu, African Leaders Seek Stronger Global Investment Partnerships at London Stock Exchange
President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial institutions, stressing that deeper…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Alphabet’s $85 Billion AI Fundraising Blitz Signals Strong Investor Confidence in Artificial Intelligence
Google’s parent company, Alphabet, has made history with a record-breaking $85 billion fundraising initiative aimed at accelerating its artificial intelligence…
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…