Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal
Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent…
Day: June 25, 2026
Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño…
Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies
President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing Exxon, Chevron, Shell, and BP…
Oil price falls to levels not seen since before Iran war
Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers and…
Nigeria’s Tech Sector Backs 2027 Data Localisation Deadline as Digital Economy Gains Momentum
Nigeria’s technology industry has expressed growing confidence ahead of the Central Bank of Nigeria’s (CBN) January 1, 2027 deadline requiring…
Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion…
Micron Stock Soars 16% as AI-Driven Earnings Smash Expectations
Micron Technology stunned investors on Thursday as its shares jumped more than 16% in premarket trading following a blockbuster earnings…
Elon Musk Loses Trillionaire Status as Tech Market Sell-Off Hits SpaceX
Elon Musk has fallen below the trillionaire threshold just weeks after making history as the world’s first trillionaire, following a…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a…
Treasury Yields Rise as Investors Brace for Key U.S. Inflation Report
U.S. Treasury yields moved slightly higher on Thursday as investors turned their attention to a crucial inflation report expected to…
Nigeria’s AI Adoption More Hype Than Reality, Expert Warns
Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at…
OpenAI unveils its first custom chip, built by Broadcom
OpenAI has taken a major step toward reshaping the future of artificial intelligence infrastructure with the unveiling of its first…
FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless…
Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff
Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned…
Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as…