Meta launches Business AI Agent for 24/7 customer service — here are 5 powerful things it can do
Meta Platforms has introduced a new artificial intelligence tool designed to transform how businesses interact with customers around the clock.…
Month: June 2026
Tinubu, African Leaders Seek Stronger Global Investment Partnerships at London Stock Exchange
President Bola Tinubu has joined fellow African leaders in calling for stronger partnerships with global financial institutions, stressing that deeper…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Alphabet’s $85 Billion AI Fundraising Blitz Signals Strong Investor Confidence in Artificial Intelligence
Google’s parent company, Alphabet, has made history with a record-breaking $85 billion fundraising initiative aimed at accelerating its artificial intelligence…
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37…
ETF Turnover Falls to N3.67 Billion as Investor Activity Slows Despite Broad Market Gains
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) experienced a slight slowdown in trading activity in May 2026,…
NOG Energy Forum 2026 to Tackle Gas Monetisation and Decarbonisation as Global Energy Pressures Mount
The 2026 edition of the NOG Energy Week is set to become a major global meeting point for energy experts…
Nigeria Insurance Sector Races to Meet Recapitalisation Rules as NAICOM Deposit Deadline Expires
Nigeria’s insurance industry has entered a critical phase of reform as insurers and reinsurers intensify recapitalisation efforts following the expiration…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy Framework
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy…
Dulux owner Akzo Nobel plummets 19% after takeover talks fall through
European markets opened the day under pressure as investor sentiment weakened across major indices, with growing uncertainty driven by fresh…
Dangote alleges crude supply sabotage by govt, NNPC objects
The battle between Africa’s richest man’s refinery and Nigeria’s oil authorities has escalated, as the Dangote Petroleum Refinery and Petrochemicals…
AI Could Shake Global Jobs: ILO Warns of 52 Million Job Equivalents Lost and $3 Trillion Income Hit by 2027
The rapid rise of Artificial Intelligence (AI) is reshaping the global workforce, but a new warning from the International Labour…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign Exchange Market
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability in Nigeria FX Market
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest…
Nigeria’s China Zero-Tariff Deal Faces Reality Check as Experts Demand Shift to Value-Added Exports
More than a month after Nigeria was included in China’s zero-tariff arrangement for African exports, expectations are rising—but so are…
Afreximbank deploys new instruments, trading models for AfCFTA
The African Export-Import Bank (Afreximbank) is ramping up efforts to turn the African Continental Free Trade Area (African Continental Free…
Nigerian Stock Market Turns Bearish as NGX Loses N479bn Amid Broad Sell-Off
The Nigerian equities market closed on a negative note as bearish sentiment dominated trading activities, wiping off about N479 billion…
IMF Warns Against Costly Subsidies as Food Inflation Rises Globally
The International Monetary Fund (IMF) has issued a strong warning to governments worldwide, advising them to avoid sweeping subsidies, fuel…
Dangote Crowned Africa’s Most Admired Brand for Eighth Consecutive Year
Dangote Industries Limited has once again solidified its reputation as a continental powerhouse after being named Africa’s Most Admired Brand…
DMO Opens June 2026 FGN Savings Bond at 14.777% Interest as Nigeria Raises Investor Returns
The Debt Management Office (DMO) has officially opened subscription for the June 2026 FGN Savings Bond, offering Nigerians another chance…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market capitalisation…
Microsoft Unveils Scout AI Assistant to Bring Personalized Automation to Microsoft 365
Microsoft has introduced Scout, a next-generation AI assistant designed to help users automate tasks, manage workflows, and personalize their digital…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria’s stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian Exchange (NGX) growing from…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria’s Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first quarter of 2026, despite ongoing power…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global Trading Era
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the…
NGX Opens Week Bearish as Market Capitalisation Drops 1.13% on Heavy Sell Pressure
The Nigerian Exchange Limited (NGX) began the new trading week on a negative note as investors recorded widespread losses across…
European stocks rebound as oil prices slip; Abivax shares tumble
European markets staged a recovery on Tuesday as investor sentiment improved, with the Stoxx 600 climbing around 0.7% after recent…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77 Trillion Pressure Point
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to…