Patronus AI Raises $50 Million to Build Digital Worlds That Put AI Agents to the Ultimate Test
As artificial intelligence agents become increasingly capable of handling complex tasks on their own, ensuring their reliability has become one…
Year: 2026
Apple Raises Mac and iPad Prices by Up to 25% as AI-Driven Chip Demand Pushes Costs Higher
Apple has increased the prices of its Mac and iPad product lines by as much as 25%, citing a sharp…
Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets on Edge
U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in…
Nigerian Stock Market Extends Losses as Investors Wipe Out N959bn in One Day
The Nigerian stock market suffered another major setback on Thursday as persistent sell-offs erased N959 billion from investors’ wealth, extending…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for…
Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth
Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching…
Africa’s top 15 agro-exports driving trade growth
Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and…
Asia Stock Markets Tumble as Tech Sell-Off Sparks Fears Over AI Spending and Rising Costs
Asian stock markets suffered steep losses on Friday as investors rushed to sell technology stocks amid growing concerns that soaring…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth
Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow…
Dangote Refinery IPO Frenzy Sparks Investor Rush as SEC Issues Warning
The anticipation surrounding the highly awaited Dangote Refinery IPO has reached fever pitch, prompting Nigeria’s Securities and Exchange Commission (SEC)…
Dangote refinery eyes $2bn in historic listing – Report
Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that…
Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal
Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent…
Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth
President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño…
Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies
President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing Exxon, Chevron, Shell, and BP…
Oil price falls to levels not seen since before Iran war
Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers and…
Nigeria’s Tech Sector Backs 2027 Data Localisation Deadline as Digital Economy Gains Momentum
Nigeria’s technology industry has expressed growing confidence ahead of the Central Bank of Nigeria’s (CBN) January 1, 2027 deadline requiring…
Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth
Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion…
Micron Stock Soars 16% as AI-Driven Earnings Smash Expectations
Micron Technology stunned investors on Thursday as its shares jumped more than 16% in premarket trading following a blockbuster earnings…
Elon Musk Loses Trillionaire Status as Tech Market Sell-Off Hits SpaceX
Elon Musk has fallen below the trillionaire threshold just weeks after making history as the world’s first trillionaire, following a…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a…
Treasury Yields Rise as Investors Brace for Key U.S. Inflation Report
U.S. Treasury yields moved slightly higher on Thursday as investors turned their attention to a crucial inflation report expected to…
Nigeria’s AI Adoption More Hype Than Reality, Expert Warns
Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at…
OpenAI unveils its first custom chip, built by Broadcom
OpenAI has taken a major step toward reshaping the future of artificial intelligence infrastructure with the unveiling of its first…
FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence
The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless…
Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff
Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned…