Business Energy Local Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026 June 25, 2026 Ekemini Uba The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a steady supply of fuel across Nigeria during the third quarter…
Business International Macroeconomic Treasury Yields Rise as Investors Brace for Key U.S. Inflation Report June 25, 2026 Ekemini Uba U.S. Treasury yields moved slightly higher on Thursday as investors turned their attention to a crucial inflation report expected to provide fresh insight into the health of the American economy.…
Local Technology Nigeria’s AI Adoption More Hype Than Reality, Expert Warns June 25, 2026 Ekemini Uba Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of AI is being overstated. Debola Ibiyode, founder and Chief Executive…
Business Economy Local Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026 June 25, 2026 Ekemini Uba After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes for the rest of the year. Market analysts believe two…
Business Economy Local Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$ June 25, 2026 Ekemini Uba Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at N1,389 per dollar at the official foreign exchange market. According…
International Technology OpenAI unveils its first custom chip, built by Broadcom June 25, 2026 Ekemini Uba OpenAI has taken a major step toward reshaping the future of artificial intelligence infrastructure with the unveiling of its first custom-built AI chip, known as Jalapeño. Developed in partnership with…
Business Economy International FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence June 25, 2026 Ekemini Uba The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless transactions between African currencies without relying on the U.S. dollar…
Business Local Market Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff June 25, 2026 Ekemini Uba Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some of the country’s biggest listed companies erased N3.64 trillion from…
Business Economy Local ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy June 25, 2026 Ekemini Uba As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned the Federal Government against implementing tax reforms that could place…
Business Energy Local Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol June 25, 2026 Ekemini Uba Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as petrol continues to sell for over N1,000 per litre across…
Business Economy Local OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift June 24, 2026 Ekemini Uba The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to flow into the banking sector. According to the latest report…
Business International Market Stock Futures Mixed as Investors Await Micron Earnings, Tech Stocks Stage Recovery June 24, 2026 Ekemini Uba After a turbulent session that rattled technology stocks across Wall Street, U.S. stock futures traded mixed on Wednesday as investors turned their attention to Micron Technology’s highly anticipated earnings report.…
Business Economy Local MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5% June 24, 2026 Ekemini Uba Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent within a year, prompting the Manufacturers Association of Nigeria (MAN)…
Business International Tinubu Urges Africa to End Raw Mineral Exports, Pushes for Value Addition and Industrial Growth June 24, 2026 Ekemini Uba President Bola Tinubu has called on African countries to unite in ending the long-standing exploitation of the continent’s mineral resources by prioritising local value addition and industrial development. Speaking during…
Business Energy International IGU Calls for Regional Gas Market Integration to Unlock West Africa’s Energy Potential June 24, 2026 Ekemini Uba The International Gas Union (IGU) has called on West African countries to deepen regional cooperation and accelerate the integration of their gas markets to unlock the region’s enormous natural gas…
Business Economy Energy International Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies June 24, 2026 Ekemini Uba President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are unfairly keeping petrol prices high despite a sharp decline in…
Business Energy Local NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets June 24, 2026 Ekemini Uba The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas infrastructure by advocating the deployment of drone surveillance technology across…
Business International Technology Meta Prediction Market App: Zuckerberg Pushes New ‘Arena’ Platform to Challenge Polymarket June 24, 2026 Ekemini Uba Mark Zuckerberg is reportedly setting his sights on the rapidly growing prediction market industry, with plans for Meta to develop its own forecasting platform. According to reports, the social media…
Business Local Market NGX Rally Continues as Investors Gain N1.64tn, Airtel Africa and Banking Stocks Lead Surge June 24, 2026 Ekemini Uba The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with investors recording significant gains as renewed buying interest pushed the market higher for the second straight trading session. The…
Business Energy International Oil Prices Slide as Record 19 Million Barrels Pass Through Hormuz Strait June 24, 2026 Ekemini Uba Global oil prices declined on Tuesday after a record 19 million barrels of crude oil moved through the Strait of Hormuz, easing fears of supply disruptions and boosting confidence in…
Business Economy Local Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July June 24, 2026 Ekemini Uba Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in July and extending into the third quarter of 2026. The…
Local Technology Nigeria’s Tech Industry Confident Ahead of 2027 Data Localisation Deadline June 24, 2026 Ekemini Uba As the January 1, 2027 deadline for the Central Bank of Nigeria’s (CBN) data localisation directive draws closer, key players in Nigeria’s technology ecosystem have expressed strong confidence in the…
Banking Business Local Cash Outside Banks Climbs to N5.19 Trillion Despite CBN’s Aggressive Digital Payment Drive June 24, 2026 Ekemini Uba Nigeria’s transition to a cashless economy continues to face significant hurdles as cash held outside the banking system climbed to N5.19 trillion in May 2026, according to the latest figures…
Local Technology Nigeria Digital Media Traffic Falls 26% as AI and Changing Audience Habits Reshape Online Consumption June 24, 2026 Ekemini Uba Nigeria’s digital media landscape is undergoing a major transformation as audience traffic to online news and media platforms plunged by 26.2 per cent in 2025. According to the Mid-year Industry…
Business Local Airlines Seek Direct Meeting with Tinubu Over Rising Taxes and Charges Threatening Industry Survival June 24, 2026 Ekemini Uba Domestic airline operators in Nigeria are pushing for a direct audience with President Bola Tinubu as concerns grow over taxes and regulatory charges they say are threatening the survival of…
Business Economy Local Naira Falls to Four-Week Low as Stronger U.S. Dollar Puts Pressure on Nigeria’s Currency June 24, 2026 Ekemini Uba The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026, marking its weakest closing rate in four weeks. Latest data…
Business Energy Local Dangote Refinery Denies Fuel Re-Import Claims Through Lomé Hub June 24, 2026 Ekemini Uba Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility are finding their way back into Nigeria through the offshore trading hub in Lomé, Togo.…
Business Local Stock Airtel Africa, Banking Giants Power NGX Rally as Investors Gain N1.64 Trillion in Two-Day Rebound June 24, 2026 Ekemini Uba The Nigerian stock market continued its impressive rebound on Tuesday as investors gained N1.64 trillion in market value, extending the recovery seen in the previous trading session. Renewed buying interest…
Economy Energy Local Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider Fuel Choices June 24, 2026 Ekemini Uba The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers predicting that many vehicle owners who switched to Compressed Natural Gas (CNG) could…
investment Local Market Top NGX Insurance Stocks to Watch in H2 2026 as Market Rebound Creates New Investment Opportunities June 24, 2026 Ekemini Uba As Nigeria’s stock market stages a strong recovery after weeks of heavy losses, investors are turning their attention to insurance stocks on the Nigerian Exchange (NGX) in search of fresh…
