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…
Month: July 2026
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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)…
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…