Stock Futures Rise After U.S. Iran Strikes End as Oil Climbs and Global Markets Turn Volatile
Global markets reacted sharply on Thursday after U.S. officials confirmed that military strikes against Iran had been completed, even as…
Month: June 2026
Nigerian Stock Market Gains N100bn as Bulls Extend Rally for Fourth Straight Session
The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session…
Intra-African Trade Set to Hit $250bn in 2026 as AfCFTA Pushes Economic Integration Across the Continent
Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250 billion,…
NRS Launches Rev360 Platform to Boost Voluntary Tax Compliance Through Digital Innovation
The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new…
MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria,…
Dangote Refinery Poised to Gain as Russia Extends Jet Fuel Export Ban
The Dangote Petroleum Refinery may be set for another boost in the international aviation fuel market following Russia’s decision to…
Opendoor’s India Exit Sparks Fresh Debate Over AI’s Impact on Global Outsourcing
San Francisco-based online home-buying platform Opendoor has announced the closure of its India operations, a move that is rapidly fueling…
Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic Outlook Despite Rising Costs
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high…
Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion Capital Raise
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through…
Standard Bank Backs Dangote Refinery IPO, Pledges Support for Expansion Across Africa
Africa’s largest financial institution, Standard Bank Group, has thrown its weight behind the planned Dangote Refinery IPO, reaffirming its commitment…
Nigeria Imports N654.94bn Worth of Goods from Africa in Q1 2026 — South Africa, Angola, Egypt Lead Trade Surge
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries…
Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed Outlook Pressure
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the…
Nigeria Economic Reforms Gain IMF Support as FG Vows to Sustain Policy Drive
The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation…
Nigeria’s Foreign Debt Projected to Hit $72.6bn by 2027 Amid Election Spending Pressures – IMF Warns
Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary Fund (IMF), raising…
Stock Futures Fall After U.S. Strikes Iran Amid Rising Middle East Tensions
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out…
United Capital Secures Investment Banking Licences in Ethiopia and Rwanda, Expanding East Africa Footprint
United Capital Plc has taken a bold step in its continental expansion strategy after securing investment banking licences in Ethiopia…
FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes Upstream Investment
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial…
Anthropic’s Claude Fable 5 is a version of Mythos the public can access today
Anthropic has officially opened access to its most powerful AI system yet, launching Claude Fable 5, a public-facing version of…
CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term OMO Bills
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion…
Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over Long-Term Investment
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the…
Oil Prices Drop Sharply as Iran–US Peace Talks Ease Global Supply Fears
Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between Iran and the United States…
IMF Backs Nigeria’s Economic Reforms but Warns of Rising Poverty and Food Insecurity
The International Monetary Fund (IMF) has once again expressed support for Nigeria’s ongoing economic reforms, acknowledging that the country is…
Foreign capital inflows into manufacturing sector drop by 50.7% in Q1
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1…
Google Slashes AI Subscription Price to $4.99, Igniting New AI Price War in the U.S.
Google has escalated the growing artificial intelligence subscription battle by slashing the price of its entry-level AI plan, Google AI…
S&P 500, Nasdaq Slip as Chip Stock Rally Loses Steam Despite Falling Oil Prices
The U.S. stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq Composite posting losses as a short-lived…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
NGX Gains N834.67bn as Airtel Africa, Tier-1 Banks Fuel Market Rally
Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities,…
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than Cuts
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting…
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS)…
West Africa Leads Africa’s Digital Tax Revolution as Nigeria, Ghana, Benin Drive Major Reforms – WATAF
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold…