Seplat Energy Wins Double Capital Market Awards, Strengthening Investor Confidence
Seplat Energy Plc has reinforced its reputation as one of Nigeria’s leading energy companies after clinching two prestigious awards at…
Month: June 2026
AI Powering a New Era in Nigeria’s Electricity Sector, Says NDPHC Boss
Artificial Intelligence (AI) and Machine Learning (ML) are rapidly reshaping Nigeria’s electricity industry, with the Niger Delta Power Holding Company…
Micron’s AI Boom Sparks Wall Street Frenzy as Chipmaker Emerges as the Next Nvidia
Micron Technology has become one of the biggest success stories of the artificial intelligence revolution, with investors increasingly viewing the…
Dangote Refinery IPO, 2027 Election Activities Set to Shake Nigerian Stock Market in H2 2026
Nigeria’s stock market could face a turbulent second half of 2026 as investors prepare for the highly anticipated Dangote Refinery…
FMDQ FX Market Turnover Jumps 22% to $2.84 Billion as Trading Activity Gains Momentum
Nigeria’s foreign exchange market recorded a significant boost in trading activity as total turnover on the FMDQ Exchange climbed to…
MPR: Analysts see MPC holding rates as election cycle begins
As Nigeria edges closer to the 2027 general elections, financial analysts are increasingly convinced that the Central Bank of Nigeria…
Nigeria Earns N20.2tn from Crude Oil Exports in Five Months Despite Lower Shipment Volumes
Nigeria’s crude oil export earnings surged to an estimated N20.22 trillion in the first five months of 2026, highlighting the…
FCCPC Warns Fuel Marketers as High Petrol Prices Persist Despite Falling Crude Oil Prices
Nigeria’s consumer protection watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has raised fresh concerns over the continued high…
Nigerian Stocks Lose N11 Trillion as Market Correction Deepens: Opportunity or Warning Sign?
Nigeria’s stock market has shed more than N11 trillion from its recent peak, sparking fresh debate among investors over whether…
Global Tech Sell-Off Deepens as Nasdaq Futures Slide on Rising AI Infrastructure Costs
Stock futures fell sharply on Friday as investors continued to retreat from technology stocks, extending a global market sell-off fueled…
Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant Investment
Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the commissioning of…
Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for Cheaper Fuel
Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in its petrol…
Tax Compliance Key to Nigeria’s Economic Growth, Says Oyedele
Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country, Chairman of the Presidential…
Ceramic Industry Investment Key to Nigeria’s $1 Trillion Economy Goal, Experts Say
Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics industry if…
CBN Data Localization Policy Set to Spark Data Centre Investment Boom in Nigeria
Nigeria’s digital infrastructure sector is gearing up for a major transformation following the Central Bank of Nigeria’s (CBN) directive requiring…
Nigeria’s exports to East, Southern Africa hit N1tn
Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time, highlighting the…
AI Stock Selloff Deepens as Tech Giants Face Rising Costs and Investor Jitters
Technology stocks across Asia, Europe, and the United States came under intense pressure on Friday as investors continued to pull…
Patronus AI Raises $50 Million to Build Digital Worlds That Put AI Agents to the Ultimate Test
As artificial intelligence agents become increasingly capable of handling complex tasks on their own, ensuring their reliability has become one…
Apple Raises Mac and iPad Prices by Up to 25% as AI-Driven Chip Demand Pushes Costs Higher
Apple has increased the prices of its Mac and iPad product lines by as much as 25%, citing a sharp…
Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets on Edge
U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in…
Nigerian Stock Market Extends Losses as Investors Wipe Out N959bn in One Day
The Nigerian stock market suffered another major setback on Thursday as persistent sell-offs erased N959 billion from investors’ wealth, extending…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for…
Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth
Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching…
Africa’s top 15 agro-exports driving trade growth
Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and…
Asia Stock Markets Tumble as Tech Sell-Off Sparks Fears Over AI Spending and Rising Costs
Asian stock markets suffered steep losses on Friday as investors rushed to sell technology stocks amid growing concerns that soaring…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth
Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow…
Dangote Refinery IPO Frenzy Sparks Investor Rush as SEC Issues Warning
The anticipation surrounding the highly awaited Dangote Refinery IPO has reached fever pitch, prompting Nigeria’s Securities and Exchange Commission (SEC)…
Dangote refinery eyes $2bn in historic listing – Report
Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that…
Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal
Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent…
Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing…