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Day: August 13, 2026

Tinubu Applauds AfCFTA Backing for Nigeria’s Customs Modernisation Drive
BusinessInternationalinvestment

Tinubu Applauds AfCFTA Backing for Nigeria’s Customs Modernisation Drive

President Bola Tinubu has welcomed the growing continental recognition of Nigeria’s Customs modernisation programme, describing the development as a major…

byayotilewaAugust 13, 2026
NGX Woos Hong Kong Investors, Urges Chinese Firms to Consider Dual Listings
BusinessLocal

NGX Woos Hong Kong Investors, Urges Chinese Firms to Consider Dual Listings

The Nigerian Exchange Group (NGX Group) is stepping up its push for international capital by courting investors in Hong Kong…

byayotilewaAugust 13, 2026
Stock Futures Rise as Investors Await Fresh U.S. Inflation Data
BusinessInternationalMarket

Stock Futures Rise as Investors Await Fresh U.S. Inflation Data

U.S. stock futures edged higher early Thursday as investors turned their attention to another key inflation report while continuing to…

byayotilewaAugust 13, 2026
NGX Loses N1.76tn as BUA Foods, Banking Stocks Lead Sell-Off
BusinessLocalStock

NGX Loses N1.76tn as BUA Foods, Banking Stocks Lead Sell-Off

The Nigerian Exchange Limited (NGX) came under heavy selling pressure on Wednesday as investors offloaded shares in major consumer goods…

byayotilewaAugust 13, 2026
NGX Agro Stocks: What Investors Should Buy, Hold, Watch or Avoid in H2 2026
BusinessLocalStock

NGX Agro Stocks: What Investors Should Buy, Hold, Watch or Avoid in H2 2026

Nigeria’s agricultural stocks are entering the second half of 2026 with impressive numbers, but investors may need to look beyond…

byayotilewaAugust 13, 2026
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
BusinessFinanceLocal

Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains

The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…

byayotilewaAugust 13, 2026
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices
BusinessEnergyLocal

Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices

Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the country’s upstream…

byayotilewaAugust 13, 2026
West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration — Expert
BusinessEconomyEnergyInternational

West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration — Expert

West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from fragmented…

byayotilewaAugust 13, 2026
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
BusinessFinanceLocal

SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades

The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…

byayotilewaAugust 13, 2026
Anthropic’s Claude Watermarks Spark Backlash From Users Worried About AI Detection
InternationalTechnology

Anthropic’s Claude Watermarks Spark Backlash From Users Worried About AI Detection

Anthropic’s decision to add invisible watermarks to content generated by its Claude AI chatbot is causing a stir among some…

byayotilewaAugust 13, 2026
African Founders in UK Get New Platform to Pitch, Raise Capital and Build Partnerships
BusinessInternationalTechnology

African Founders in UK Get New Platform to Pitch, Raise Capital and Build Partnerships

African founders, technology professionals and investors working between the United Kingdom and Africa are set to gain a new platform…

byayotilewaAugust 13, 2026
Nigeria Targets Fresh Capital to Close $200 Billion Gas Infrastructure Gap
BusinessEnergyLocal

Nigeria Targets Fresh Capital to Close $200 Billion Gas Infrastructure Gap

Nigeria is intensifying efforts to attract private and international funding into its gas sector as the country faces an estimated…

byayotilewaAugust 13, 2026
NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows
BusinessFinanceLocal

NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows

Foreign exchange activity on Nigeria’s official market took a sharp hit on August 11, with Nigerian Foreign Exchange Market (NFEM)…

byayotilewaAugust 13, 2026
Nigeria’s Crude Oil Output Stays Above 1.5 Million bpd Despite July Dip
BusinessEnergyLocal

Nigeria’s Crude Oil Output Stays Above 1.5 Million bpd Despite July Dip

Nigeria’s crude oil production remained above the 1.5 million barrels per day (bpd) mark for the third consecutive month in…

byayotilewaAugust 13, 2026
CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand
BusinessFinanceLocal

CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand

The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59%, surprising investors…

byayotilewaAugust 13, 2026

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