Dangote’s $7bn Fertiliser Expansion Gets AFC Backing to Build Global Production Giant
Africa’s richest man, Aliko Dangote, has secured strong financial backing from the Africa Finance Corporation (AFC) for a bold $7bn…
Month: June 2026
FG Rules Out New Fuel and Telecom Taxes Amid IMF Recommendations Debate
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes on…
NGX Chairman Courts Middle East Investors Ahead of Dangote Refinery IPO in Nigeria’s Capital Market Push
The Group Chairman of the Nigerian Exchange Group (NGX Group), Umaru Kwairanga, is intensifying efforts to attract Middle East investors…
FG Unveils Ward-Based Growth Strategy to Strengthen Economy Under Renewed Hope Plan
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through a grassroots-driven model under President…
Banking Stocks Drag NGX Lower as GTCO, Zenith, UBA Trigger ₦782bn Market Loss
The Nigerian equities market closed in the red on Tuesday, June 16, 2026, as heavy selloffs in major banking stocks…
NGX Eyes Mega Dangote Refinery IPO as Investor Demand Tops $2 Billion
The Nigerian Exchange Group (NGX Group) has announced it is actively preparing for the highly anticipated initial public offering of…
S&P 500 Futures Edge Higher as Investors Await Fed Decision, SpaceX Extends Rally
U.S. stock futures traded cautiously higher on Wednesday as investors turned their attention to the Federal Reserve’s latest interest rate…
UAE Reaffirms Long-Term Investment Commitment to Nigeria as Trade Ties Deepen
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the growing economic partnership between both…
FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway Projects
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between 2023 and April 2026, the Federal…
Petrol Price May Fall to N1,200 as Dangote Refinery Slashes Rates Amid Global Oil Decline
Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump prices could fall to as…
Mission 300 Lights Up Africa: Over 50 Million People Gain Electricity Access in Two Years
The World Bank and the African Development Bank (AfDB) have announced a major milestone under Mission 300, revealing that more…
G7 AI Summit in France: OpenAI, Google and Anthropic CEOs Signal Shift in Global Tech Power
Top executives from the world’s leading artificial intelligence companies have joined the G7 Summit in France, underscoring how AI has…
United Capital Takes Bold Step With 5% Stake in NGX Group, Strengthening Nigeria’s Capital Market Outlook
United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake…
Global Gas Price Volatility Persists as World Bank Warns of Prolonged Market Instability
The World Bank has warned that global natural gas markets are heading into a prolonged period of instability, with prices…
Ripple Invests in Flutterwave Series E to Power Stablecoin Payments Across Africa
Ripple has made a strategic investment in Flutterwave as part of the Nigerian fintech giant’s Series E fundraising round, marking…
West African Trade Ministers Push Regional Industrialisation Drive at ECOWAS Summit in Ghana
West African trade and industry leaders have taken a major step toward deepening regional economic integration after the fifth ECOWAS…
Tariff Hike Drives N4 Trillion Telecom Investment Inflow in Nigeria as NCC Reviews Mobile Termination Rates
Nigeria’s telecommunications sector is witnessing a massive investment surge, with operators revealing that the 50 per cent tariff hike approved…
CBN offers N450 billion Treasury Bills for auction on Wednesday, June 17
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on…
Nigeria Urged to Turn AI Strategy into Real-World Impact, Microsoft Says
Microsoft has called on Nigeria to move beyond developing artificial intelligence strategies and begin focusing on practical implementation that delivers…
Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor Confidence Strengthens
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two weeks of June…
Stablecoin Inflows in Nigeria Dominate Sub-Saharan Africa, IMF Report Reveals Digital Currency Shift
Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin inflows…
Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence Surge
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn into Nigerian bonds in the first…
IMF Says Naira Undervalued by 25.6%, Estimates Fair Exchange Rate at N1,142 per Dollar
The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued despite recent improvements in the foreign…
AI Agents Will Replace Apps, Says Qualcomm CEO as Company Builds 40+ AI Devices | Future of Smartphones Explained
Qualcomm’s CEO Cristiano Amon has made a bold prediction about the future of technology, saying that AI agents will soon…
AI Companies Eye IPO Boom as SpaceX Triggers Market Ripple Effect Across Tech and Energy Sectors
The tech and financial world is entering what many analysts are calling a potential “AI IPO summer,” as major artificial…
Elon Musk Predicts SpaceX Could Hit $1 Trillion Revenue by 2030 After Historic $2 Trillion Valuation
Elon Musk, the billionaire entrepreneur behind Elon Musk, has projected that his space exploration company, SpaceX, could generate as much…
Dangote Refinery Cuts Petrol Price by N75 Amid Global Oil Price Drop
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (petrol), slashing it by N75…
CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial System
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity control measures, withdrawing…
US–Iran Peace Deal Sends Shockwaves Through Global Markets — What It Means for Nigeria’s Economy
Global relief as US–Iran peace deal calms energy markets A newly announced peace agreement between the United States and Iran…
Inflation Climbs Toward 16% as Geopolitical Tensions and Rising Costs Pressure Nigerian Economy
Nigeria’s inflationary pressure continued its steady climb in May 2026, with the headline inflation rate rising to 15.93%, according to…