Lithium Demand Set to Surge 353% by 2040 as Nigeria Attracts Global Scramble for Critical Minerals
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the United…
Day: June 23, 2026
Nigeria Capital Inflows Hit $21bn as FG Targets Bigger Trade and Investment Gains in 2026
The Federal Government, through the Federal Ministry of Industry, Trade and Investment, has unveiled an ambitious plan to boost trade…
Petrol Prices Stay High in Nigeria Despite Falling Crude Oil Prices Amid Global Supply Shift
Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline toward levels last seen before…
Oil Production Recovery in Nigeria Linked to Improved Oil Asset Protection in Niger Delta
Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of oil infrastructure in the Niger…
AI Data Centers Energy Consumption: Why Global Servers Now Burn 670,000 Barrels of Oil Daily
The global race to power artificial intelligence is rapidly becoming one of the most energy-intensive shifts in modern history. According…
SpaceX Shares Drop Over 4% as Post-IPO Rally Fades After Record-Breaking Debut
SpaceX shares slipped more than 4% in premarket trading on Monday, extending a recent decline that has quickly cooled enthusiasm…
Major Tech Layoffs in 2026: How AI Is Reshaping Jobs Across Global Tech Companies
The tech industry in 2026 is experiencing one of its most dramatic workforce shake-ups in recent history, with companies across…
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital Payment Growth
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are still holding…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank Reveals
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World…
NGX Banking Stocks Underperform in 2026 Market Rally as Oil and Industrial Sectors Lead Gains
Nigeria’s banking sector is struggling to keep pace in the ongoing 2026 equities boom, as banking stocks on the Nigerian…
Five states receive 21.2 per cent of VAT disbursement in April
Five Nigerian states have collectively taken a significant share of the country’s value-added tax (VAT) revenue, receiving N87 billion in…
NGX Market Value Drops to N151.3tn as Profit-Taking Triggers Liquidity Tightening
The Nigerian Exchange Limited (NGX) ended the trading week on 19 June 2026 in the red, as widespread profit-taking and…
OpenAI Launches “Patch the Planet” Initiative to Strengthen Open Source Security With AI Support
OpenAI has unveiled a new cybersecurity-focused program called “Patch the Planet,” aimed at strengthening the safety of open source software…
Domestic Crude Supply Drops in Nigeria Amid Sabotage Allegations and Refinery Disputes
Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping to 15.84 million barrels, according…
SEC Nigeria Pushes for Stronger African Capital Market Collaboration as Nigeria and Rwanda Sign New MoU
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African financial markets, calling for…
Firm to unlock Kenyan market for Nigerian investors
Dewale Consulting Ltd (DCL) has announced a new initiative designed to open up Kenya’s booming property sector to Nigerian investors,…
FGN Bond Auction Draws N1.41 Trillion in Bids as Rising Yields Boost Investor Appetite
The Federal Government recorded a strong outing at its June 2026 bond auction, attracting a massive N1.41 trillion in investor…
Nigeria, Rwanda Strengthen Capital Markets Ties with New Regulatory Partnership
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum…
Domestic Investors Drive NGX Transactions to N1.94 Trillion as Market Activity Surges 177%
Trading activities on the Nigerian Exchange Limited (NGX) maintained strong momentum in May 2026, with total market transactions climbing to…
Nigeria’s Money Supply Climbs to N129.21 Trillion as Liquidity Expands Despite Tight Monetary Policy
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy despite…