Business Energy Local Oil Price Drops to $83 as US–Iran Peace Deal Sparks Global Market Shift June 16, 2026 Ekemini Uba Crude oil prices slid sharply on Monday, falling to around $83 per barrel after the United States and Iran signed a ceasefire agreement aimed at ending hostilities and reopening the…
Business Economy Energy Local Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens June 16, 2026 Ekemini Uba Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising to 7.93 billion standard cubic feet per day (bcf/d). This represents a…
International Technology Meta Unveils Facebook ‘AI Mode’ That Turns Public Posts Into Instant Answers Amid AI Push June 16, 2026 Ekemini Uba Meta has introduced a major new feature called “AI Mode” on Facebook, marking another step in its push to integrate artificial intelligence deeper into how users search and interact on…
Business Energy Local Nigeria’s Fuel Import Bill Crashes 96% to N87bn in Q1 2026 June 16, 2026 Ekemini Uba Nigeria’s expenditure on fuel imports dropped sharply in the first quarter of 2026, signaling a significant shift in the country’s energy trade landscape. Fresh data released by the National Bureau…
Banking Business Local United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in Nigeria’s Capital Market June 16, 2026 Ekemini Uba United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity stake in the Nigerian Exchange Group (NGX) Plc. The strategic investment underscores the…
Business Economy Local Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to Squeeze Consumers June 16, 2026 Ekemini Uba Nigeria’s inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on households and businesses across the country. Fresh data released by the National Bureau…
Business Economy Local Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three Years June 16, 2026 Ekemini Uba Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies are showing remarkable financial resilience, with operating cash flows rising significantly faster than profits. Data from…
Business Economy Local Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record Rally June 15, 2026 Ekemini Uba Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally that has transformed the Nigerian Exchange Limited (NGX) into one of the continent’s top-performing financial…
Business Energy International Nuclear Energy Comeback Gains Momentum as Nations Turn to “All-of-the-Above” Power Strategy June 15, 2026 Ekemini Uba A global shift in energy strategy is underway as nuclear power stages a strong comeback, driven by rising concerns over energy security, fuel price volatility, and the urgent demand for…
Business Economy Local CBN Liquidity Tightening Sparks Rush into Short-Term Debt as Investors Chase High Yields June 15, 2026 Ekemini Uba Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its liquidity tightening campaign, pushing investors to quickly reposition into short-term government debt. The aggressive…
Business International Market U.S. Stock Futures Jump After Iran Peace Deal as Global Markets Rally on Trump Announcement June 15, 2026 Ekemini Uba Global financial markets opened the week on a strong note as U.S. stock futures surged after President Donald Trump announced that a peace agreement had been reached to end the…
Business Local Nigerian Fixed-Income Market Surges to N1.06tn as Investors Rush Into Treasury Bills and Bonds June 15, 2026 Ekemini Uba Nigeria’s fixed-income market witnessed a dramatic surge in trading activity as total daily turnover climbed past the N1 trillion mark, signaling a wave of investor confidence and aggressive positioning in…
Business International Technology AI IPO Boom: SpaceX Leads Trillion-Dollar Wave as OpenAI and Anthropic Race Toward Public Markets June 15, 2026 Ekemini Uba The global tech and financial markets are entering a new phase of disruption as artificial intelligence companies prepare for a wave of high-profile public listings. This shift has been amplified…
Business Economy Local Naira Slips Again as FX Liquidity Tightens, Loses N5.08 in a Week June 15, 2026 Ekemini Uba The naira came under renewed pressure this week as weaker dollar supply in the foreign exchange market triggered fresh depreciation across trading windows. Despite rising external reserves, reduced liquidity continues…
Business International Technology SoftBank Surges 10%+ as Iran–U.S. Peace Deal Sparks Asia Tech Stock Rally June 15, 2026 Ekemini Uba Asian technology stocks soared on Monday as investors reacted positively to reports of a peace agreement between Iran and the United States, triggering a broad “risk-on” rally across regional markets.…
International Technology Amazon CEO Andy Jassy Raises Alarm Over Anthropic AI Models, Triggering Global Access Block—Report June 15, 2026 Ekemini Uba A major development in the global artificial intelligence industry has emerged after reports that Anthropic’s advanced AI models were restricted following security concerns raised by Amazon CEO Andy Jassy. According…
Business Economy Local Market Tinubu @ 3: Nigeria’s Stock Market Surges N130 Trillion Amid Economic Hardship and Bold Reforms June 15, 2026 Ekemini Uba Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about N30 trillion in 2023 to more than N160 trillion by mid-2026 under…
International Technology Anthropic AI Model Suspension Sparks India Debate on Sovereign AI and Tech Dependence June 15, 2026 Ekemini Uba A sudden move by Anthropic to suspend access to its newest AI models has triggered a major global tech shake-up—and in India, it has reopened a sensitive debate about the…
Business Economy Energy International US–Iran Peace Deal Could Crash Petrol Price to N900 as Global Oil Market Slumps June 15, 2026 Ekemini Uba The price of petrol in Nigeria may soon see a major relief, with industry operators suggesting that Premium Motor Spirit (PMS) could drop to as low as N900 per litre…
Business Energy International Dangote Refinery Slashes West Africa Fuel Imports as Regional Energy Trade Reshapes June 15, 2026 Ekemini Uba West Africa’s fuel supply chain is undergoing a major shift as the ramp-up of the Dangote Petroleum Refinery sharply reduces the region’s dependence on imported refined products. New industry data…
Business Economy Energy International Crude Oil Prices Fall After US–Iran Peace Deal Reopens Strait of Hormuz | Global Markets Rally June 15, 2026 Ekemini Uba Global oil prices fell sharply on Monday while stock markets surged after the United States and Iran announced a landmark peace deal aimed at ending months of conflict and reopening…
Business International Market Technology SpaceX Stock Surges 6% in Premarket After Record-Breaking IPO Debut June 15, 2026 Ekemini Uba SpaceX shares continued their strong momentum on Monday, rising about 6% in premarket trading following last week’s historic market debut on the Nasdaq. The surge comes after the company completed…
Business Economy Local Nigeria Company Income Tax Falls to N1.37 Trillion in Q1 2026 as Collections Decline 8.08% June 15, 2026 Ekemini Uba Nigeria’s Company Income Tax (CIT) collections recorded a notable decline in the first quarter of 2026, as new data from the National Bureau of Statistics (NBS) shows that total revenue…
Business International investment NGX and Abu Dhabi Exchange Partner to Unlock Middle East Investment Flow into Africa’s Capital Markets June 15, 2026 Ekemini Uba The Nigerian Exchange Group (NGX) and the Abu Dhabi Securities Exchange (ADX) are deepening talks on a strategic partnership designed to channel more Middle Eastern capital into Africa’s fast-growing economies.…
Business Local Market NGX Market Rally Adds N1.4 Trillion as Nigerian Stocks Push Capitalisation Above N156 Trillion June 15, 2026 Ekemini Uba Nigeria’s equities market ended the week on a strong bullish note as investors collectively gained about N1.4 trillion, pushing market capitalisation above N156 trillion. The rally was driven by renewed…
Business Energy International US-Iran Peace Deal Sends Oil Prices Tumbling as Global Markets React to Surprise Truce June 15, 2026 Ekemini Uba A major geopolitical shock has rippled through global markets after reports that the United States and Iran have reached a peace agreement aimed at ending months of escalating tensions. The…
Business Economy Local Nigeria VAT Surges to N2.42 Trillion in Q1 2026 as Economy Strengthens Non-Oil Revenue Base June 15, 2026 Ekemini Uba Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42 trillion in the first quarter of 2026, according to fresh data released…
Business Finance Local IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue June 15, 2026 Ekemini Uba Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on fuel products and telecommunications services as part of efforts to…
Banking Business Finance International Nigeria’s Banking Profit Boom Fades as Earnings Drop, While African Rivals Surge Ahead June 14, 2026 Ekemini Uba Nigeria’s banking sector, once celebrated as one of Africa’s strongest profit engines, is entering a new phase marked by slowing growth and increasing pressure on earnings. After enjoying two years…
Economy International investment UK Pledges £15m to Boost Nigeria’s Economy June 12, 2026 Ekemini Uba The United Kingdom has announced a £15 million Growth Programme for Nigeria, a strategic initiative aimed at accelerating economic reforms, attracting private investment, and supporting long-term sustainable growth across key…
