OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to…
Day: June 24, 2026
Stock Futures Mixed as Investors Await Micron Earnings, Tech Stocks Stage Recovery
After a turbulent session that rattled technology stocks across Wall Street, U.S. stock futures traded mixed on Wednesday as investors…
MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5%
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent…
Tinubu Urges Africa to End Raw Mineral Exports, Pushes for Value Addition and Industrial Growth
President Bola Tinubu has called on African countries to unite in ending the long-standing exploitation of the continent’s mineral resources…
IGU Calls for Regional Gas Market Integration to Unlock West Africa’s Energy Potential
The International Gas Union (IGU) has called on West African countries to deepen regional cooperation and accelerate the integration of…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are…
NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas…
Meta Prediction Market App: Zuckerberg Pushes New ‘Arena’ Platform to Challenge Polymarket
Mark Zuckerberg is reportedly setting his sights on the rapidly growing prediction market industry, with plans for Meta to develop…
NGX Rally Continues as Investors Gain N1.64tn, Airtel Africa and Banking Stocks Lead Surge
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with investors recording significant gains as renewed buying interest pushed…
Oil Prices Slide as Record 19 Million Barrels Pass Through Hormuz Strait
Global oil prices declined on Tuesday after a record 19 million barrels of crude oil moved through the Strait of…
Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in…
Nigeria’s Tech Industry Confident Ahead of 2027 Data Localisation Deadline
As the January 1, 2027 deadline for the Central Bank of Nigeria’s (CBN) data localisation directive draws closer, key players…
Cash Outside Banks Climbs to N5.19 Trillion Despite CBN’s Aggressive Digital Payment Drive
Nigeria’s transition to a cashless economy continues to face significant hurdles as cash held outside the banking system climbed to…
Nigeria Digital Media Traffic Falls 26% as AI and Changing Audience Habits Reshape Online Consumption
Nigeria’s digital media landscape is undergoing a major transformation as audience traffic to online news and media platforms plunged by…
Airlines Seek Direct Meeting with Tinubu Over Rising Taxes and Charges Threatening Industry Survival
Domestic airline operators in Nigeria are pushing for a direct audience with President Bola Tinubu as concerns grow over taxes…
Naira Falls to Four-Week Low as Stronger U.S. Dollar Puts Pressure on Nigeria’s Currency
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026,…
Dangote Refinery Denies Fuel Re-Import Claims Through Lomé Hub
Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility are finding their way back…
Airtel Africa, Banking Giants Power NGX Rally as Investors Gain N1.64 Trillion in Two-Day Rebound
The Nigerian stock market continued its impressive rebound on Tuesday as investors gained N1.64 trillion in market value, extending the…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider Fuel Choices
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers predicting that many…
Top NGX Insurance Stocks to Watch in H2 2026 as Market Rebound Creates New Investment Opportunities
As Nigeria’s stock market stages a strong recovery after weeks of heavy losses, investors are turning their attention to insurance…
SEC Warns Investors as Fake Dangote Refinery IPO Promotions Spread Online
The Securities and Exchange Commission (SEC) has issued a strong warning against the growing wave of advertisements promoting a supposed…
Fitch warns Nigeria against $5bn Abu Dhabi loan, says financing method poses risks
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after global rating agency…
Elon Musk Loses $350 Billion in Historic Wealth Drop as SpaceX Shares Tumble
Elon Musk has recorded the largest personal wealth loss in history after a sharp decline in SpaceX’s stock price wiped…