PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has…
Day: July 16, 2026
OnePlus Exits U.S. and Europe Smartphone Markets as Global Phone Demand Slows
OnePlus has announced that it will no longer launch new smartphones and products in the U.S. and Europe, marking a…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push Back
Nigeria’s electricity sector has been thrust into the spotlight following the implementation of the NERC CapEx Order, a new directive…
BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion plan designed to…
SpaceX Shares Slip Below IPO Price as Investor Optimism Fades Amid Valuation Concerns
SpaceX shares dropped below their $135 initial public offering (IPO) price for the first time on Wednesday, signaling a major…
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals totaling approximately N32.73 billion across…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that about 79…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets on Edge
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American crude oil stockpiles, with inventories…
DeepMind CEO Warns AGI Could Arrive Within Years, Calls for Urgent Global AI Safeguards
Google DeepMind CEO Demis Hassabis has issued a stark warning that Artificial General Intelligence (AGI) could become a reality within…
Xi Jinping Unveils China’s Global AI Vision as Huawei Showcases Powerful New AI Computing System
Chinese President Xi Jinping is expected to take center stage at the World Artificial Intelligence Conference (WAIC) in Shanghai this…
Foreign Investors Shift to Indian Bonds as Stock Market Sees Massive Sell-Off
Foreign investors are increasingly turning their attention to Indian government bonds, even as they continue to pull money out of…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver Results
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a 49…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central Bank of…
NGX Gains N390bn as Banking Stocks Drive Market Rally Despite Weaker Trading Activity
The Nigerian Exchange (NGX) extended its bullish run on Wednesday, adding a remarkable N390.32bn to investors’ wealth as strong demand…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs Recovery Efforts
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that the reforms…
US Inflation Eases in June as Energy Prices Fall, but Fresh Middle East Tensions Cloud Outlook
The United States recorded a welcome slowdown in inflation during June 2026, driven largely by a sharp decline in energy…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a Ministerial Advisory…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P Global
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel prices, according…
Stock Buy Recommendations: Zenith, UBA and Access top Brokers’ list
Nigeria’s stock market is showing strong signs of recovery after a sharp sell-off in June 2026 wiped out more than…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as Investor Confidence Grows
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more than 17 years and…
Nigeria Inflation Rate Drops to 15.91% in June as Food Prices Continue to Climb
Nigeria’s inflation rate recorded a marginal decline in June 2026, offering a glimmer of relief for consumers and businesses navigating…