Local Macroeconomic Nigeria Economy Q1 2026: Best and Worst Performing Sectors as Growth Strengthens but Risks Persist June 2, 2026 Ekemini Uba Nigeria’s economy is showing clearer signs of stability in 2026, with stronger macroeconomic indicators compared to the previous year. After two years of painful reforms, the country is gradually moving…
Business Economy Local Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle June 2, 2026 Ekemini Uba Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle, making it the first market in Africa to adopt the faster post-trade system.…
Business Energy International Oil Prices Surge as US–Iran Diplomacy Collapses Over Middle East Tensions June 2, 2026 Ekemini Uba Global oil prices surged on Monday after diplomatic efforts between the United States and Iran showed signs of collapse. The sudden breakdown in negotiations came as military activity in the…
Business Finance Local Stock 12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of Payout Dates and Stocks June 2, 2026 Ekemini Uba Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments scheduled for June 2026, signaling continued strength in income-generating stocks…
Energy Local Technology Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital Infrastructure June 2, 2026 Ekemini Uba As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy sources has become a critical priority for global technology giants. Companies such as Microsoft, Amazon,…
Business International Technology Nvidia Targets $200 Billion AI PC Market with New RTX Spark Superchip June 2, 2026 Ekemini Uba Nvidia has taken a major step toward reshaping the future of personal computing with the launch of its new RTX Spark superchip, a powerful processor designed to bring advanced artificial…
Business Economy Finance Local CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision June 2, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a move aimed at expanding access to banking services and accelerating…
Business Economy Local Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings, Expert Warns June 2, 2026 Ekemini Uba Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned that the nation could lose a substantial share of the…
International Technology Nvidia Partners Unitree to Power Next-Gen Humanoid Robots as AI Robotics Race Accelerates June 1, 2026 Ekemini Uba Nvidia has taken a bold step deeper into the robotics industry by selecting Chinese startup Unitree as its key partner for a new humanoid robot platform aimed at research institutions.…
International Technology AI Psychosis Debate Heats Up as Tech CEOs, Google, and DuckDuckGo Signal Growing AI Backlash June 1, 2026 Ekemini Uba A growing debate over what some are calling “AI psychosis” is intensifying in the tech world, sparked by Box founder Aaron Levie’s remarks suggesting that tech CEOs may be uniquely…
Business Economy Energy Local Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging June 1, 2026 Ekemini Uba Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound after months of contraction, according to fresh data from the…
Business Energy Local NNPC Profit Soars to N481bn as Revenue Hits N4.97tn in April 2026 Amid Oil Output Recovery June 1, 2026 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April 2026, posting a profit after tax of N481 billion, a significant increase from N276 billion…
Business Finance Local Macroeconomic Nigeria External Reserves Hit $49.26bn as Naira Gains Stability Near $50bn Milestone June 1, 2026 Ekemini Uba Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion threshold. The increase reflects steady foreign currency inflows, improved market…
Business Finance Local CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance Push June 1, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS) terminal geo-fencing framework, shifting the implementation timeline to July 31,…
Local Macroeconomic Tinubu’s Economic Reforms Stabilise Nigeria’s Economy, But Welfare Gains Still Lag – CPPE June 1, 2026 Ekemini Uba The Centre for the Promotion of Private Enterprise (CPPE) says President Bola Tinubu’s first three years in office have largely succeeded in restoring macroeconomic stability, even though many Nigerians are…
Business Finance International South Korea Stocks Surge to Record High as Asia Markets React to Trump’s Iran Deal Stance June 1, 2026 Ekemini Uba South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38, defying mixed performance across Asia-Pacific markets. The strong rally positioned South…
Business Economy Local NGX Stock Market Turnover Drops 31% to N111bn Amid Holiday-Shortened Trading Week June 1, 2026 Ekemini Uba The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about N111.48 billion worth of shares on the Nigerian Exchange (NGX). The decline…
Business Economy Local NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising Costs June 1, 2026 Ekemini Uba Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy financial pressure, with little relief felt across the private sector.…
Business Finance Local Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash Turnaround June 1, 2026 Ekemini Uba Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the wait time for investors to receive cash or shares after…
Business Local Market Nigeria Capital Market Gains N60 Trillion in Five Months as Investor Confidence Soars June 1, 2026 Ekemini Uba The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion in just five months, driven by strong corporate earnings, rising…
Local Macroeconomic Nigeria Shifts From Economic Reforms to Growth Phase — Oyedele June 1, 2026 Ekemini Uba Nigeria is entering a new phase of its economic journey, moving from painful reforms into a period of expected growth, according to the Minister of Finance and Coordinating Minister of…
Business International Technology Nvidia Enters the PC Market with N1X Arm Chip as Microsoft, Dell, HP Back New AI-Powered Laptops June 1, 2026 Ekemini Uba Nvidia is making a bold move beyond its dominance in AI data centers, stepping directly into the personal computer market with a new Arm-based processor called the N1X. The chip,…
Business Energy International Stock European Stocks Slip as Defense Sector Surges on Ukraine’s $105B EU Loan Boost June 1, 2026 Ekemini Uba European shares ended lower on Thursday as investors reacted cautiously to rising geopolitical tensions and mixed economic signals from global markets. The pan-European Stoxx 600 slipped about 0.5%, with most…
Business Energy International Nigeria Spends £1.1bn on UK Refined Oil as Fuel Import Dependence Persists in 2025 June 1, 2026 Ekemini Uba Nigeria’s dependence on imported fuel remains a major talking point in its energy sector, as new data shows the country spent about £1.1 billion on refined oil imports from the…
Banking Business Economy Local Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL Ratio Hits 8.03% June 1, 2026 Ekemini Uba Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following the Central Bank of Nigeria’s (CBN) decision to withdraw long-standing regulatory…
Business Economy Energy International Dangote Refinery Becomes World’s Largest Jet Fuel Exporter Amid Global Supply Disruptions June 1, 2026 Ekemini Uba Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of jet fuel in April 2026. The achievement comes as global fuel trade routes continue…
Business Local Stock Top Nigerian Stocks in May 2026: Learn Africa Leads Investors’ Attention with Strong Rally June 1, 2026 Ekemini Uba Learn Africa Plc emerged as one of the best-performing Nigerian stocks in May 2026, delivering a remarkable 37.10% return and securing a place among the top gainers on the Nigerian…
Business Economy Local Naira Ends May at N1,372/$ as FX Market Stability Boosts Investor Confidence June 1, 2026 Ekemini Uba The Nigerian naira ended May 2026 at N1,372 against the United States dollar, marking a relatively stable performance despite ongoing global economic uncertainties. Although the local currency recorded a slight…
