El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño…
Month: June 2026
Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies
President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing Exxon, Chevron, Shell, and BP…
Oil price falls to levels not seen since before Iran war
Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers and…
Nigeria’s Tech Sector Backs 2027 Data Localisation Deadline as Digital Economy Gains Momentum
Nigeria’s technology industry has expressed growing confidence ahead of the Central Bank of Nigeria’s (CBN) January 1, 2027 deadline requiring…
Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion…
Micron Stock Soars 16% as AI-Driven Earnings Smash Expectations
Micron Technology stunned investors on Thursday as its shares jumped more than 16% in premarket trading following a blockbuster earnings…
Elon Musk Loses Trillionaire Status as Tech Market Sell-Off Hits SpaceX
Elon Musk has fallen below the trillionaire threshold just weeks after making history as the world’s first trillionaire, following a…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a…
Treasury Yields Rise as Investors Brace for Key U.S. Inflation Report
U.S. Treasury yields moved slightly higher on Thursday as investors turned their attention to a crucial inflation report expected to…
Nigeria’s AI Adoption More Hype Than Reality, Expert Warns
Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at…
OpenAI unveils its first custom chip, built by Broadcom
OpenAI has taken a major step toward reshaping the future of artificial intelligence infrastructure with the unveiling of its first…
FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless…
Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff
Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned…
Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as…
OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to…
Stock Futures Mixed as Investors Await Micron Earnings, Tech Stocks Stage Recovery
After a turbulent session that rattled technology stocks across Wall Street, U.S. stock futures traded mixed on Wednesday as investors…
MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5%
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent…
Tinubu Urges Africa to End Raw Mineral Exports, Pushes for Value Addition and Industrial Growth
President Bola Tinubu has called on African countries to unite in ending the long-standing exploitation of the continent’s mineral resources…
IGU Calls for Regional Gas Market Integration to Unlock West Africa’s Energy Potential
The International Gas Union (IGU) has called on West African countries to deepen regional cooperation and accelerate the integration of…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies over allegations that they are…
NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas…
Meta Prediction Market App: Zuckerberg Pushes New ‘Arena’ Platform to Challenge Polymarket
Mark Zuckerberg is reportedly setting his sights on the rapidly growing prediction market industry, with plans for Meta to develop…
NGX Rally Continues as Investors Gain N1.64tn, Airtel Africa and Banking Stocks Lead Surge
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with investors recording significant gains as renewed buying interest pushed…
Oil Prices Slide as Record 19 Million Barrels Pass Through Hormuz Strait
Global oil prices declined on Tuesday after a record 19 million barrels of crude oil moved through the Strait of…
Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in…
Nigeria’s Tech Industry Confident Ahead of 2027 Data Localisation Deadline
As the January 1, 2027 deadline for the Central Bank of Nigeria’s (CBN) data localisation directive draws closer, key players…