BOI Signs $170 Million iDICE Fund Deal to Accelerate Nigeria’s Tech and Creative Economy
Nigeria’s drive to strengthen its technology and creative industries has received a major boost as the Bank of Industry (BOI)…
Day: July 2, 2026
India Halts WhatsApp Username Rollout Amid Rising Cyber Fraud Concerns
India has asked Meta to suspend the planned rollout of WhatsApp’s new username feature, raising concerns that the update could…
Apple Expands iPhone Lineup With Foldable Devices as Global Chip Shortage Reshapes Smartphone Market
Apple is reportedly preparing one of its most ambitious product expansions in years, with plans to introduce at least five…
Firm deploys AI, WhatsApp to boost learning in varsities
Nigeria’s education technology sector has received a significant boost with the launch of Gemnex, a new artificial intelligence-powered learning platform…
AI partnership to help firms automate compliance
Dun & Bradstreet has entered a strategic partnership with artificial intelligence company Anthropic to enhance compliance and business verification processes…
Arahas Global Appoints Folake Soetan to Drive Oilfield Services Transformation Across Africa
Arahas Global Oilfield Services has appointed renowned energy executive Folake Soetan as its new Managing Director, marking a major step…
NNPC Revenue Drops by N636bn Despite Stable Oil Production as Profit Declines in May
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant decline in revenue in May 2026,…
7 NGX-Listed Companies Set to Pay Dividends in July 2026 as Investors Eye Strong Returns
Despite recent volatility on the Nigerian Exchange (NGX), investors have something positive to look forward to in July 2026 as…
Naira Falls 1.1% in June Despite Strong FX Liquidity as Market Confidence Grows
Nigeria’s currency market showed signs of growing resilience in June 2026 as the naira recorded only a marginal decline despite…
Nigerian Stock Market Loses N2.39tn as Investors Dump Major Stocks in July Opening Trade
The Nigerian stock market began the month of July on a weak footing, wiping out N2.39 trillion in investor wealth…
Tinubu Backs Digital Trade Revolution to Unlock Africa’s $3.4 Trillion Market
President Bola Tinubu has reaffirmed Nigeria’s commitment to driving Africa’s digital trade revolution, saying his administration is implementing key reforms…
U.S. Stock Futures Remain Volatile Ahead of Key Jobs Report as Investors Assess Market Outlook
U.S. stock futures traded cautiously on Thursday as investors awaited the release of a crucial employment report that could provide…
NGX unveils 2025 midyear index assessment results
The Nigerian Exchange Limited (NGX) has announced the results of its highly anticipated 2025 Midyear Index Review, introducing significant changes…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
Afreximbank Invests 80% of Resources in Africa to Drive Infrastructure and Economic Growth
The African Export-Import Bank (Afreximbank) has revealed that about 80 per cent of its balance sheet is currently invested in…
CBN Caps Suspension of Payment Obligations for Troubled Banks at Two Business Days
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment and delivery…
IMF Flags Missing Public Spending in Nigeria’s Budget, Says 2% of GDP Went Unreported
The International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal reporting, revealing that public spending equivalent to about 2%…
NGX Opens July with N2.39 Trillion Loss as Profit-Taking Hits Dangote Cement, Zenith Bank, Aradel
The Nigerian Exchange (NGX) began the month of July with a significant setback as investors lost approximately N2.39 trillion in…