Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy
Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme (WASOP) to…
Day: June 8, 2026
Africa Prudential, AIICO Insurance, C&I Leasing Lead Weekly Nigerian Stock Picks as Market Slips
Nigeria’s equities market closed last week on a weak note, shedding 3.1% after a brief recovery in the previous week.…
United Capital Secures Landmark Investment Banking License in Ethiopia
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services…
CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant Transactions
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough…
Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank Financing Breakthrough
Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition after its $750 million Afreximbank-backed…
NUPRC and NNRA Partner to Cut Oil Production Costs and Strengthen Safety Regulations in Nigeria’s Upstream Sector
Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the Nigerian Upstream Petroleum Regulatory Commission…
AI-Linked Tech Stocks in Global Sell-Off as SoftBank Slides 6% on Market Rout
Global technology markets started the week under heavy pressure as a widespread tech stock sell-off accelerated, hitting AI-linked companies particularly…
OpenAI Super App Strategy: ChatGPT Set for Major AI Upgrade with Agents and Coding Tools
OpenAI is reportedly preparing a major upgrade to ChatGPT as part of its long-term vision to turn the platform into…
Dangote Refinery IPO Could Lift NGX Market Cap to N236 Trillion – Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial public offering (IPO) of the…
BUA Foods Tops NGX Dividend Yield Rankings as Seven Stocks Go Ex-Dividend in One Week
BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax (VAT) from the Central…
5 NGX Stocks Analysts Say Could Surge in H2 2026 as Market Pullback Creates Buying Opportunities
The Nigerian stock market entered H2 2026 on a mixed note, following a strong rally that pushed the NGX All-Share…
OpenAI Plans Massive ChatGPT Superapp Overhaul Ahead of IPO Push
OpenAI is preparing what could be the most significant transformation of its flagship product since ChatGPT launched in 2022. According…
Nigerian Stock Market Sheds N4.9trn as Profit-Taking Reverses Bullish Run | NGX Decline Hits Investors
The Nigerian stock market experienced a sharp reversal last week as investors on the Nigerian Exchange Limited (NGX) collectively lost…
Nigeria Left Out as OPEC Raises Oil Quotas for Algeria, Saudi Arabia and Others in Latest Output Adjustment
Nigeria has once again missed out on benefiting from the latest oil production quota adjustments by the Organisation of Petroleum…
Global Markets in Turmoil as Middle East Tensions Spark Sell-Off — Asia Leads Sharp Declines
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a wave of…
Equities market succumbing to rising risk, loses nearly N5tr in one week
Nigeria’s equities market suffered one of its steepest weekly declines in recent years, with investors losing nearly N5 trillion in…
Foreign Investment in Nigeria’s Trade Sector Jumps 91% to $65.8m Amid Rising Investor Confidence
Nigeria’s trade sector recorded a significant boost in foreign capital inflows in the first quarter of 2026, attracting $65.79 million…
CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record High
The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors subscribed…
Naira Undervalued by 13% Despite FX Reforms, Says Rewane as Economic Fundamentals Improve
Nigeria’s currency may be performing better than many expected, but leading economist Bismarck Rewane believes the naira is still trading…