CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead of 2027 Elections
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Month: June 2026
Nigeria Courts Turkish Investors in Bold Push to Tap $750bn Mineral Wealth
Nigeria has taken a major step to unlock its vast mineral wealth as it signs a new partnership with Türkiye…
Nigeria’s 3.89% GDP Growth Fails to Lift Living Standards Despite Economic Gains – MoneyAfrica
Nigeria’s economy recorded a 3.89% year-on-year growth in the first quarter of 2026, but fresh analysis from investment research firm…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium Motor Spirit (petrol) skyrocketed by…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on Monday after oil-sector workers under…
Alphabet to Raise $80 Billion for Massive AI Expansion as Berkshire Hathaway Joins Investment Push
Alphabet, the parent company of Google, has announced a massive plan to raise $80 billion through stock sales as it…
Flutterwave Hits 1 Billion Transactions and $40 Billion Payment Volume as African Fintech Growth Accelerates
African fintech powerhouse Flutterwave has reached a major milestone, announcing that it has now processed over 1 billion transactions and…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising Reserves
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing…
Nigeria Economy Q1 2026: Best and Worst Performing Sectors as Growth Strengthens but Risks Persist
Nigeria’s economy is showing clearer signs of stability in 2026, with stronger macroeconomic indicators compared to the previous year. After…
Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle, making it the…
Oil Prices Surge as US–Iran Diplomacy Collapses Over Middle East Tensions
Global oil prices surged on Monday after diplomatic efforts between the United States and Iran showed signs of collapse. The…
12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of Payout Dates and Stocks
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments…
Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital Infrastructure
As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy sources has become a critical…
Nvidia Targets $200 Billion AI PC Market with New RTX Spark Superchip
Nvidia has taken a major step toward reshaping the future of personal computing with the launch of its new RTX…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings, Expert Warns
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned…
Nvidia Partners Unitree to Power Next-Gen Humanoid Robots as AI Robotics Race Accelerates
Nvidia has taken a bold step deeper into the robotics industry by selecting Chinese startup Unitree as its key partner…
AI Psychosis Debate Heats Up as Tech CEOs, Google, and DuckDuckGo Signal Growing AI Backlash
A growing debate over what some are calling “AI psychosis” is intensifying in the tech world, sparked by Box founder…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound…
NNPC Profit Soars to N481bn as Revenue Hits N4.97tn in April 2026 Amid Oil Output Recovery
The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April 2026, posting a profit after…
Nigeria External Reserves Hit $49.26bn as Naira Gains Stability Near $50bn Milestone
Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion…
CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance Push
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS)…
Tinubu’s Economic Reforms Stabilise Nigeria’s Economy, But Welfare Gains Still Lag – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) says President Bola Tinubu’s first three years in office have largely…
South Korea Stocks Surge to Record High as Asia Markets React to Trump’s Iran Deal Stance
South Korean equities climbed to a fresh record high on Monday, with the Kospi index jumping 3.68% to 8,788.38, defying…
NGX Stock Market Turnover Drops 31% to N111bn Amid Holiday-Shortened Trading Week
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about N111.48 billion…
NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising Costs
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash Turnaround
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the…
Nigeria Capital Market Gains N60 Trillion in Five Months as Investor Confidence Soars
The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion…
Nigeria Shifts From Economic Reforms to Growth Phase — Oyedele
Nigeria is entering a new phase of its economic journey, moving from painful reforms into a period of expected growth,…
Nvidia Enters the PC Market with N1X Arm Chip as Microsoft, Dell, HP Back New AI-Powered Laptops
Nvidia is making a bold move beyond its dominance in AI data centers, stepping directly into the personal computer market…