Business Energy International Nigeria Considers Debt Refinancing as Oil Prices Surge Amid US Tariff Threats June 5, 2026 Ekemini Uba Nigeria is weighing a major financial reset as it considers refinancing parts of its costly debt portfolio and raising fresh funds to plug a widening budget gap. The move comes…
Business Economy International UK Calls Nigeria Stability a Priority Amid Rising Economic and Electoral Interests June 5, 2026 Ekemini Uba The British Government has emphasized that Nigeria’s stability remains a top priority, citing its deep economic, financial, and security investments in the country. The assurance was given by British High…
Business International Technology Anthropic Moves Toward IPO as Daniela Amodei Defends AI Spending Surge Amid Investor Frenzy June 5, 2026 Ekemini Uba Anthropic is edging closer to a public listing as investor excitement around the fast-growing AI company reaches new highs. The artificial intelligence firm has reportedly filed confidentially for an IPO,…
Business Local Stock NGX Market Slips Further as Bearish Sentiment Deepens, Investors Lose N580 Billion June 5, 2026 Ekemini Uba The Nigerian Exchange (NGX) continued its downward trend as bearish sentiment strengthened on Thursday, with more stocks closing in the red than in the green. The persistent selling pressure dragged…
Business Energy Local Dangote Refinery Fuel Price Exceeds Import Landing Cost as Market Data Sparks Debate in Nigeria June 5, 2026 Ekemini Uba Recent industry data has sparked fresh discussions in Nigeria’s downstream oil sector, as figures show that the gantry prices from Dangote Refinery are currently higher than the landing cost of…
Business International Technology Asian Markets Tumble as South Korea Stocks Lead Sell-Off Amid Global AI Tech Rout June 5, 2026 Ekemini Uba South Korean stocks suffered their steepest decline in months on Friday, leading losses across Asia as investors reacted to a sharp sell-off in artificial intelligence-linked technology shares that began on…
Business Economy Local Naira Strengthens Below N1,360/$ for First Time in Four Weeks as Forex Reforms Boost Market Confidence June 5, 2026 Ekemini Uba Nigeria’s currency recorded a significant milestone on Thursday as the naira strengthened below the N1,360/$ mark for the first time in four weeks, reflecting growing confidence in the country’s foreign…
Business International Technology SpaceX IPO Set to Break Records as Company Targets $75 Billion Raise at $135 Per Share June 5, 2026 Ekemini Uba SpaceX is preparing to make history after setting the price of its initial public offering (IPO) at $135 per share, positioning the aerospace company to raise an unprecedented $75 billion…
investment Local Technology Foreign Capital in Telecoms Falls to Four-Year Low Despite Tariff Hike June 5, 2026 Ekemini Uba Nigeria’s telecommunications sector has recorded its weakest foreign investment inflow in four years, with capital importation dropping sharply to $7.24 million in the first quarter of 2026 despite recent tariff…
Business Energy International Dangote Refinery Targets Global Jet Fuel Dominance with 700,000 BPD Expansion Plan June 4, 2026 Ekemini Uba Dangote Refinery is setting its sights on becoming a dominant force in the global jet fuel market, with plans to expand its refining capacity by an additional 700,000 barrels per…
Business Local Stock Bearish Pressure Deepens as Nigerian Stock Market Loses N2.28 Trillion in Midweek Sell-Off June 4, 2026 Ekemini Uba The Nigerian equities market extended its losing streak on Wednesday, closing in the red for the third consecutive trading session as investors continued to take profits. The downturn wiped out…
Business Economy International Asia-Pacific Markets Slide as Middle East Tensions Surge and Oil Prices Climb June 4, 2026 Ekemini Uba Asia-Pacific stock markets fell on Thursday as renewed tensions in the Middle East between Iran, the United States, and Israel rattled global investors. The escalation has raised fears of prolonged…
Banking Business Economy Local Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising Transaction Growth June 4, 2026 Ekemini Uba Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the first quarter of 2026. This represents a 14.07% increase compared…
Business Economy Local Telecom Sector Attracts Just $7.24m Foreign Capital in Q1 2026 Despite Tariff Hike June 4, 2026 Ekemini Uba Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking its weakest performance in over four years, according to fresh…
Business Energy Local Dangote Refinery and the refining of sovereignty June 4, 2026 Ekemini Uba In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude oil—it is quietly reshaping what sovereignty means for Nigeria and, by extension, Africa. What was…
International Technology AI Data Centres Set to Consume More Power Than Nigeria, Pakistan and Bangladesh Combined by 2030 — UN Warns June 4, 2026 Ekemini Uba Global electricity demand from AI-driven data centres is set to surge at an unprecedented rate, with a new United Nations-backed report warning that by 2030, they could consume nearly three…
Business International Stock Technology SoftBank Share Price Plunges 11% Amid Global Tech Sell-Off Over AI Valuation Fears June 4, 2026 Ekemini Uba SoftBank Group shares tumbled more than 11% on Thursday, extending a wider sell-off across global technology markets. The decline came as investors pulled back from high-growth tech stocks following recent…
Business Energy International World Bank Expands West Africa Power Grid, Boosting Electricity Access for Millions June 4, 2026 Ekemini Uba The World Bank has reported major progress in its regional electricity initiative aimed at improving power supply across West Africa. The programme is enhancing cross-border electricity trade, strengthening utility finances,…
Business Energy Local Meren Energy Nigeria Investment Boost as NUPRC Confirms 2026 Licensing Round Timeline June 4, 2026 Ekemini Uba Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas sector, signaling renewed confidence in the country’s upstream industry as new opportunities emerge under upcoming…
Business Local Stock Nigerian Stock Market Extends Losses, Investors Lose N2.28 Trillion in 3-Day Selloff June 4, 2026 Ekemini Uba The Nigerian equities market extended its losing streak on Wednesday, marking a third straight day of declines as investors reacted to sustained profit-taking across major blue-chip stocks. The NGX All-Share…
Business Energy Local Tinubu Approves 2026 Oil Block Licensing Round as Nigeria Targets Fresh Upstream Investment Surge June 4, 2026 Ekemini Uba Nigeria is set for a new wave of oil sector activity as President Bola Tinubu has approved the 2026 oil block licensing round, signaling renewed efforts to attract investment into…
Business Economy International Africa Can Unlock $469bn Annually Without Raising Taxes – AfDB Pushes Efficiency Reform June 4, 2026 Ekemini Uba Africa has the potential to unlock more than $469bn in additional annual revenue without increasing tax rates, according to the African Development Bank (AfDB). The revelation points to a major…
International Technology Meta launches Business AI Agent for 24/7 customer service — here are 5 powerful things it can do June 4, 2026 Ekemini Uba Meta Platforms has introduced a new artificial intelligence tool designed to transform how businesses interact with customers around the clock. The new “Meta Business Agent” is built to help companies…
Economy International investment Tinubu, African Leaders Seek Stronger Global Investment Partnerships at London Stock Exchange June 4, 2026 Ekemini Uba President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial institutions, stressing that deeper collaboration is crucial for unlocking investment opportunities and accelerating economic…
Business Economy Finance Local CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars June 4, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as strong investor appetite for government securities pushed stop rates higher…
Business International Technology Alphabet’s $85 Billion AI Fundraising Blitz Signals Strong Investor Confidence in Artificial Intelligence June 4, 2026 Ekemini Uba Google’s parent company, Alphabet, has made history with a record-breaking $85 billion fundraising initiative aimed at accelerating its artificial intelligence ambitions. The unprecedented stock offering, which has attracted overwhelming investor…
Business Economy Local Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline June 4, 2026 Ekemini Uba The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors continued to lock in profits from recent gains. The sustained…
Economy investment Local Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026 June 3, 2026 Ekemini Uba Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37 billion as international investors increased their exposure to the country’s…
Business investment Local ETF Turnover Falls to N3.67 Billion as Investor Activity Slows Despite Broad Market Gains June 3, 2026 Ekemini Uba Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) experienced a slight slowdown in trading activity in May 2026, even as the majority of funds delivered positive returns. Market…
Business Energy International NOG Energy Forum 2026 to Tackle Gas Monetisation and Decarbonisation as Global Energy Pressures Mount June 3, 2026 Ekemini Uba The 2026 edition of the NOG Energy Week is set to become a major global meeting point for energy experts as it brings together engineers, policymakers, academics, and industry leaders…
