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Day: July 3, 2026

SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market
BreakingBusinessLocalTechnology

SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market

Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to…

byayotilewaJuly 3, 2026
Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60 per Barrel
BusinessEnergyInternational

Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60 per Barrel

Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant Citigroup (Citi), which predicts that…

byayotilewaJuly 3, 2026
South African Investment in Nigeria Nears $1bn Despite Rising Xenophobic Tensions
BusinessInternationalinvestment

South African Investment in Nigeria Nears $1bn Despite Rising Xenophobic Tensions

South African investment in Nigeria climbed to nearly $1 billion in the first quarter of 2026, highlighting the strength of…

byayotilewaJuly 3, 2026
Nigeria, China Strengthen Investment Ties with New Focus on Energy, Exports and Industrial Growth
BusinessEconomyinvestment

Nigeria, China Strengthen Investment Ties with New Focus on Energy, Exports and Industrial Growth

Nigeria and China have taken a significant step toward strengthening economic cooperation, with business leaders from both countries committing to…

byayotilewaJuly 3, 2026
Nigeria, Canada Push Data-Driven Investment Strategy to Unlock Trade Growth
BusinessEconomyInternational

Nigeria, Canada Push Data-Driven Investment Strategy to Unlock Trade Growth

Nigeria and Canada are intensifying efforts to strengthen their economic partnership, with both countries placing greater emphasis on data-driven investment…

byayotilewaJuly 3, 2026
Microsoft Unveils $2.5 Billion Frontier Company to Accelerate Enterprise AI Adoption
BusinessInternationalTechnology

Microsoft Unveils $2.5 Billion Frontier Company to Accelerate Enterprise AI Adoption

Microsoft has announced the launch of the Microsoft Frontier Company, a new $2.5 billion initiative designed to help large organizations…

byayotilewaJuly 3, 2026
Amazon Pushes Ahead With Satellite Internet Expansion Despite Rocket Launch Setbacks
InternationalTechnology

Amazon Pushes Ahead With Satellite Internet Expansion Despite Rocket Launch Setbacks

Amazon is pressing forward with its ambitious satellite internet expansion plans, even as rocket shortages and launch setbacks continue to…

byayotilewaJuly 3, 2026
Meta Launches Pocket AI Gaming App, Letting Users Create Games with Simple Text Prompts
InternationalTechnology

Meta Launches Pocket AI Gaming App, Letting Users Create Games with Simple Text Prompts

Meta has quietly expanded its presence in the artificial intelligence space with the launch of Pocket, a new app that…

byayotilewaJuly 3, 2026
UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian Markets
BusinessEnergyInternational

UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian Markets

The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s energy market by overhauling the…

byayotilewaJuly 3, 2026
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
BusinessEnergyLocal

Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3…

byayotilewaJuly 3, 2026
Afreximbank Urges Nigeria, African Nations to End Lithium Exports and Build EV Battery Industry
BusinessEconomyInternational

Afreximbank Urges Nigeria, African Nations to End Lithium Exports and Build EV Battery Industry

African Export-Import Bank (Afreximbank) President and Chairman of the Board, Dr. George Elombi, has called on Nigeria and other African…

byayotilewaJuly 3, 2026
US-Nigeria Trade Surges to $15 Billion as America Deepens Economic and Security Partnership
BusinessEconomyInternational

US-Nigeria Trade Surges to $15 Billion as America Deepens Economic and Security Partnership

The United States has reaffirmed its commitment to strengthening ties with Nigeria after bilateral trade between both countries climbed to…

byayotilewaJuly 3, 2026
African Startup Funding Rebounds as Ventures Attract $3.9bn in Fresh Investment
BusinessInternationalTechnology

African Startup Funding Rebounds as Ventures Attract $3.9bn in Fresh Investment

Africa’s technology ecosystem is showing renewed strength as startups across the continent raised an impressive $3.9 billion through 506 deals…

byayotilewaJuly 3, 2026
Global Stock Markets Rally as South Korea Surges Despite Technology Sector Weakness
BusinessInternationalMarket

Global Stock Markets Rally as South Korea Surges Despite Technology Sector Weakness

Global stock markets rallied on Friday, showing resilience despite continued weakness in semiconductor and technology stocks. Investors appeared encouraged by…

byayotilewaJuly 3, 2026
CBN Targets N5.8 Trillion Treasury Bill Sales in Q3 as Maturing Securities Hit N2.64 Trillion
BankingBusinessLocal

CBN Targets N5.8 Trillion Treasury Bill Sales in Q3 as Maturing Securities Hit N2.64 Trillion

The Central Bank of Nigeria (CBN) is set to significantly ramp up its liquidity management efforts in the third quarter…

byayotilewaJuly 3, 2026
Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at the Pumps
BusinessEnergyLocal

Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at the Pumps

Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), offering fresh hope to millions…

byayotilewaJuly 3, 2026
Dangote Cement Raises Dividend by 50% as Shareholders Receive Record N753.8 Billion Payout
BusinessEconomyLocal

Dangote Cement Raises Dividend by 50% as Shareholders Receive Record N753.8 Billion Payout

Dangote Cement Plc has rewarded its shareholders with a historic dividend payout after announcing a 50 per cent increase in…

byayotilewaJuly 3, 2026
NGX Extends Losing Streak as Investors Lose N877.9 Billion Amid Heavy Sell-Off in Banking Stocks
BusinessLocalMarket

NGX Extends Losing Streak as Investors Lose N877.9 Billion Amid Heavy Sell-Off in Banking Stocks

The Nigerian Exchange (NGX) recorded another difficult trading session on Thursday as investors lost an estimated N877.9 billion following widespread…

byayotilewaJuly 3, 2026

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