Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of…
Month: June 2026
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil…
Dangote Named Africa’s Most Admired Brand for 8th Straight Year
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength Deepens (Q1 2026 Banking Report)
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated…
OpenAI IPO Filing Signals AI Mega-Race With Anthropic and SpaceX
OpenAI, the creator of ChatGPT, has quietly taken a major step toward becoming a public company by filing confidential paperwork…
NDPC, Meta Launch Two-Year Data Protection Initiative to Boost Privacy Awareness in Nigeria
Nigeria is stepping up its digital safety game as the Nigeria Data Protection Commission (NDPC) has partnered with Meta to…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up 340%)
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion,…
Nigeria Raises NTB Offer to N4.8 Trillion as Borrowing Pressure Surges in Q2 2026
Nigeria’s debt market is seeing a sharp shift as the Debt Management Office (DMO) has expanded its Nigerian Treasury Bills…
Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign Investors Pull Back
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with…
Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340% Surge
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55…
United Capital Expands into East Africa with Investment Banking Licences in Ethiopia and Rwanda
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia…
Global Stocks Rally as Chip Surge Lifts Markets, South Korea’s Kospi Jumps Over 8%
Global stock markets extended their gains on Tuesday as a strong rebound in semiconductor stocks boosted investor confidence, helping Wall…
Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment Gateway
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300…
Nigerian Stocks Add N515 Billion as Bargain Hunting Fuels Strong Market Rebound
Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed…
Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy
Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme (WASOP) to…
Africa Prudential, AIICO Insurance, C&I Leasing Lead Weekly Nigerian Stock Picks as Market Slips
Nigeria’s equities market closed last week on a weak note, shedding 3.1% after a brief recovery in the previous week.…
United Capital Secures Landmark Investment Banking License in Ethiopia
Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services…
CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant Transactions
The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough…
Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank Financing Breakthrough
Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition after its $750 million Afreximbank-backed…
NUPRC and NNRA Partner to Cut Oil Production Costs and Strengthen Safety Regulations in Nigeria’s Upstream Sector
Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the Nigerian Upstream Petroleum Regulatory Commission…
AI-Linked Tech Stocks in Global Sell-Off as SoftBank Slides 6% on Market Rout
Global technology markets started the week under heavy pressure as a widespread tech stock sell-off accelerated, hitting AI-linked companies particularly…
OpenAI Super App Strategy: ChatGPT Set for Major AI Upgrade with Agents and Coding Tools
OpenAI is reportedly preparing a major upgrade to ChatGPT as part of its long-term vision to turn the platform into…
Dangote Refinery IPO Could Lift NGX Market Cap to N236 Trillion – Rewane
Bismarck Rewane, Managing Director of Financial Derivatives Company (FDC), has projected that the planned initial public offering (IPO) of the…
BUA Foods Tops NGX Dividend Yield Rankings as Seven Stocks Go Ex-Dividend in One Week
BUA Foods Plc has emerged as the highest-yielding stock among seven companies that went ex-dividend on the Nigerian Exchange (Nigerian…
Reps Recover ₦521.7m VAT from CBN in Remita Revenue Leak Probe
The House of Representatives Public Accounts Committee has recovered ₦521.77 million in unremitted Value Added Tax (VAT) from the Central…
5 NGX Stocks Analysts Say Could Surge in H2 2026 as Market Pullback Creates Buying Opportunities
The Nigerian stock market entered H2 2026 on a mixed note, following a strong rally that pushed the NGX All-Share…
OpenAI Plans Massive ChatGPT Superapp Overhaul Ahead of IPO Push
OpenAI is preparing what could be the most significant transformation of its flagship product since ChatGPT launched in 2022. According…
Nigerian Stock Market Sheds N4.9trn as Profit-Taking Reverses Bullish Run | NGX Decline Hits Investors
The Nigerian stock market experienced a sharp reversal last week as investors on the Nigerian Exchange Limited (NGX) collectively lost…
Nigeria Left Out as OPEC Raises Oil Quotas for Algeria, Saudi Arabia and Others in Latest Output Adjustment
Nigeria has once again missed out on benefiting from the latest oil production quota adjustments by the Organisation of Petroleum…
Global Markets in Turmoil as Middle East Tensions Spark Sell-Off — Asia Leads Sharp Declines
Global financial markets were thrown into uncertainty on Monday as rising tensions in the Middle East triggered a wave of…