Business Economy Local Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign Investors Pull Back June 9, 2026 Ekemini Uba Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with experts suggesting that the policy shift may have unsettled foreign…
Business Economy Local Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340% Surge June 9, 2026 Ekemini Uba Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55 trillion in the first quarter, marking a dramatic 340.88 per…
Banking Business Finance International United Capital Expands into East Africa with Investment Banking Licences in Ethiopia and Rwanda June 9, 2026 Ekemini Uba United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia and Rwanda, strengthening its footprint across the continent’s rapidly growing…
Business International Global Stocks Rally as Chip Surge Lifts Markets, South Korea’s Kospi Jumps Over 8% June 9, 2026 Ekemini Uba Global stock markets extended their gains on Tuesday as a strong rebound in semiconductor stocks boosted investor confidence, helping Wall Street futures move higher and sparking a broad rally across…
Business Economy Local Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment Gateway June 9, 2026 Ekemini Uba Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300 billion through strategic investments in infrastructure, technology, trade, and financial…
Business Local Market Nigerian Stocks Add N515 Billion as Bargain Hunting Fuels Strong Market Rebound June 9, 2026 Ekemini Uba Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed bargain hunting strengthened the ongoing recovery on the Nigerian Exchange…
Economy International Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy June 8, 2026 Ekemini Uba Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme (WASOP) to intensify its fight against illegal, unreported, and unregulated (IUU) fishing…
Business Local Stock Africa Prudential, AIICO Insurance, C&I Leasing Lead Weekly Nigerian Stock Picks as Market Slips June 8, 2026 Ekemini Uba Nigeria’s equities market closed last week on a weak note, shedding 3.1% after a brief recovery in the previous week. The decline was driven by heavy sell pressure across key…
Business Finance International investment United Capital Secures Landmark Investment Banking License in Ethiopia June 8, 2026 Ekemini Uba Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services in Ethiopia. The license, issued on June 5, 2026, by…
Business Economy Local CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant Transactions June 8, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough new penalty regime that includes a N100 million fine for…
Business Energy International Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank Financing Breakthrough June 8, 2026 Ekemini Uba Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition after its $750 million Afreximbank-backed financing deal was crowned Oil & Gas Deal of the…
Business Energy Local NUPRC and NNRA Partner to Cut Oil Production Costs and Strengthen Safety Regulations in Nigeria’s Upstream Sector June 8, 2026 Ekemini Uba Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) move to…
Business International Technology AI-Linked Tech Stocks in Global Sell-Off as SoftBank Slides 6% on Market Rout June 8, 2026 Ekemini Uba Global technology markets started the week under heavy pressure as a widespread tech stock sell-off accelerated, hitting AI-linked companies particularly hard. Investors pulled back sharply after a strong rally in…
Business International Technology OpenAI Super App Strategy: ChatGPT Set for Major AI Upgrade with Agents and Coding Tools June 8, 2026 Ekemini Uba OpenAI is reportedly preparing a major upgrade to ChatGPT as part of its long-term vision to turn the platform into a full-scale “super app.” According to a report from the…
Business Economy Local Dangote Refinery IPO Could Lift NGX Market Cap to N236 Trillion – Rewane June 8, 2026 Ekemini Uba Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial public offering (IPO) of the Dangote Petroleum Refinery could significantly reshape Nigeria’s capital market. According…
Business Local Market BUA Foods Tops NGX Dividend Yield Rankings as Seven Stocks Go Ex-Dividend in One Week June 8, 2026 Ekemini Uba BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian Exchange) during the week ended June 5, 2026, offering investors…
Banking Economy Local Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe June 8, 2026 Ekemini Uba The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN), following an investigation into alleged revenue…
Business Local Stock 5 NGX Stocks Analysts Say Could Surge in H2 2026 as Market Pullback Creates Buying Opportunities June 8, 2026 Ekemini Uba The Nigerian stock market entered H2 2026 on a mixed note, following a strong rally that pushed the NGX All-Share Index up by 60.9% year-to-date as of May. However, early…
Business International Technology OpenAI Plans Massive ChatGPT Superapp Overhaul Ahead of IPO Push June 8, 2026 Ekemini Uba OpenAI is preparing what could be the most significant transformation of its flagship product since ChatGPT launched in 2022. According to reports from the Financial Times, the company is working…
Business investment Local Market Nigerian Stock Market Sheds N4.9trn as Profit-Taking Reverses Bullish Run | NGX Decline Hits Investors June 8, 2026 Ekemini Uba The Nigerian stock market experienced a sharp reversal last week as investors on the Nigerian Exchange Limited (NGX) collectively lost over N4.915 trillion following a wave of profit-taking across key…
Business Energy International Nigeria Left Out as OPEC Raises Oil Quotas for Algeria, Saudi Arabia and Others in Latest Output Adjustment June 8, 2026 Ekemini Uba Nigeria has once again missed out on benefiting from the latest oil production quota adjustments by the Organisation of Petroleum Exporting Countries (OPEC), as the group approved an additional increase…
Business Economy International Global Markets in Turmoil as Middle East Tensions Spark Sell-Off — Asia Leads Sharp Declines June 8, 2026 Ekemini Uba Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a wave of risk-off sentiment across Asia, Europe, and U.S. futures trading. Investors…
Economy investment Local Equities market succumbing to rising risk, loses nearly N5tr in one week June 8, 2026 Ekemini Uba Nigeria’s equities market suffered one of its steepest weekly declines in recent years, with investors losing nearly N5 trillion in market value amid growing concerns over insecurity and its potential…
Business investment Local Foreign Investment in Nigeria’s Trade Sector Jumps 91% to $65.8m Amid Rising Investor Confidence June 8, 2026 Ekemini Uba Nigeria’s trade sector recorded a significant boost in foreign capital inflows in the first quarter of 2026, attracting $65.79 million in investment, a 91.31 percent increase from the $34.39 million…
Banking Business Economy Local CBN Mops Up N3.04 Trillion in Massive OMO Auction as Investor Demand Hits Record High June 8, 2026 Ekemini Uba The Central Bank of Nigeria withdrew N3.04 trillion from the banking system in a single OMO auction after investors subscribed N3.275 trillion, signaling continued monetary tightening and strong demand for…
Business investment Local Market Naira Undervalued by 13% Despite FX Reforms, Says Rewane as Economic Fundamentals Improve June 8, 2026 Ekemini Uba Nigeria’s currency may be performing better than many expected, but leading economist Bismarck Rewane believes the naira is still trading below its true value. Speaking at the Lagos Business School…
Business Economy Local Nigeria Stock Market Decline Deepens as Analysts Explain N5.14 Trillion Drop June 5, 2026 Ekemini Uba The Nigerian stock market has entered a sharp correction phase, erasing more than N5.14 trillion in market value within just four trading sessions and unsettling investors who had enjoyed months…
Business International Technology Africa’s AI Future at Risk as Experts Warn of Ethical and Skills Gaps in Adoption June 5, 2026 Ekemini Uba Experts and industry stakeholders have raised fresh concerns over Africa’s readiness for Artificial Intelligence (AI), warning that ethical gaps, weak digital skills, and poor infrastructure could slow down the continent’s…
Business Energy Local Oil Prices Drop as Middle East Tensions Ease on Ceasefire Hopes and Supply Shifts June 5, 2026 Ekemini Uba Global oil prices slipped sharply on Thursday as easing tensions in the Middle East sparked renewed optimism among investors. The decline came as markets reacted to growing hopes of a…
Business Economy Local NGX Market Crash: Investors Lose N5.15 Trillion in Just Four Trading Days Amid Profit-Taking Spree June 5, 2026 Ekemini Uba The Nigerian stock market has suffered a sharp setback as investors on the Nigerian Exchange Limited (NGX) lost a staggering N5.15 trillion within the first four trading days of June…
