Major Tech Layoffs in 2026: How AI Is Reshaping Jobs Across Global Tech Companies
The tech industry in 2026 is experiencing one of its most dramatic workforce shake-ups in recent history, with companies across…
Year: 2026
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital Payment Growth
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are still holding…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank Reveals
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World…
NGX Banking Stocks Underperform in 2026 Market Rally as Oil and Industrial Sectors Lead Gains
Nigeria’s banking sector is struggling to keep pace in the ongoing 2026 equities boom, as banking stocks on the Nigerian…
Five states receive 21.2 per cent of VAT disbursement in April
Five Nigerian states have collectively taken a significant share of the country’s value-added tax (VAT) revenue, receiving N87 billion in…
NGX Market Value Drops to N151.3tn as Profit-Taking Triggers Liquidity Tightening
The Nigerian Exchange Limited (NGX) ended the trading week on 19 June 2026 in the red, as widespread profit-taking and…
OpenAI Launches “Patch the Planet” Initiative to Strengthen Open Source Security With AI Support
OpenAI has unveiled a new cybersecurity-focused program called “Patch the Planet,” aimed at strengthening the safety of open source software…
Domestic Crude Supply Drops in Nigeria Amid Sabotage Allegations and Refinery Disputes
Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping to 15.84 million barrels, according…
SEC Nigeria Pushes for Stronger African Capital Market Collaboration as Nigeria and Rwanda Sign New MoU
The Securities and Exchange Commission (SEC) Nigeria has renewed its push for deeper integration among African financial markets, calling for…
Firm to unlock Kenyan market for Nigerian investors
Dewale Consulting Ltd (DCL) has announced a new initiative designed to open up Kenya’s booming property sector to Nigerian investors,…
FGN Bond Auction Draws N1.41 Trillion in Bids as Rising Yields Boost Investor Appetite
The Federal Government recorded a strong outing at its June 2026 bond auction, attracting a massive N1.41 trillion in investor…
Nigeria, Rwanda Strengthen Capital Markets Ties with New Regulatory Partnership
Nigeria and Rwanda have taken a significant step toward deeper financial integration in Africa following the signing of a Memorandum…
Domestic Investors Drive NGX Transactions to N1.94 Trillion as Market Activity Surges 177%
Trading activities on the Nigerian Exchange Limited (NGX) maintained strong momentum in May 2026, with total market transactions climbing to…
Nigeria’s Money Supply Climbs to N129.21 Trillion as Liquidity Expands Despite Tight Monetary Policy
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy despite…
Nigerian Stocks to Watch This Week: Fidson, Africa Prudential, Access Holdings Lead Analyst Picks After Market Slump
The Nigerian stock market started the week on a cautious note as investors continued to digest last week’s sharp 3.6…
Nigeria Businesses Face Tax Deadline Pressure as CIT Filing and E-Invoicing Rules Converge
Nigerian businesses are entering a high-pressure compliance season as two major tax obligations converge at the end of June: Company…
Nigeria Inflation Rate May Ease to 15.8% in June 2026 Despite Cost Pressures – Analysts Forecast
Nigeria’s inflation outlook may be heading for slight relief as analysts project that the Nigeria inflation rate June 2026 could…
NGX Loses N5.64 Trillion in One Week as Massive Sell-Off Hits Nigerian Equities Market
The Nigerian equities market came under intense pressure last week as investors collectively lost about N5.64 trillion on the Nigerian…
Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in balance sheet
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by 466 per cent…
Stock Futures Fall as Iran Peace Talks and Inflation Data Keep Investors on Edge
U.S. stock futures slipped early Monday as investors reacted cautiously to fresh progress in Iran peace negotiations while bracing for…
Nigeria Crude Oil Production Challenges Persist Despite Output Gains and $10bn Investment Surge
Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues continue to weigh on its…
Dangote Refinery Crude Supply Crisis Deepens as Output Drops 62% Amid NNPC Delivery Shortfall
Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage threatens its operations, raising fresh…
Oil Prices Dip as Qatar and Pakistan Push 60-Day U.S.–Iran Deal Roadmap Amid Middle East Tensions
Global oil markets saw a sharp shift on Monday as crude prices slipped following news that Qatar and Pakistan have…
NDPC Pushes Data Protection Law Review to Regulate AI and Strengthen Privacy Rules in Nigeria
The Nigeria Data Protection Commission (NDPC) is moving to amend the Nigeria Data Protection Act (NDPA) 2023, signaling a major…
NGX Market Update: Market Capitalisation Sheds N5.6 Trillion as Trading Value Climbs 22% Amid Bearish Pressure
The Nigerian equities market closed the week on a mixed but tense note as the market capitalisation of the Nigerian…
Nigeria FX Market Turnover Rises to $2.32bn as FX Forwards Surge 129% Amid Equities Sell-Off
Nigeria’s foreign exchange market recorded a noticeable uptick in activity, with total turnover in the FX spot and derivatives segments…
Fuel Price War Intensifies in Lagos and Ogun as Stations Slash Petrol Prices to N1,199 Per Litre
Fuel prices have dropped across parts of Lagos and Ogun States as filling stations adjust pump rates in response to…
Nigeria Telecom Ownership Rule Tightened as NCC Now Requires Approval for 10%+ Share Transfers
Nigeria’s telecom sector is facing a new layer of regulatory oversight as the Nigerian Communications Commission (NCC) and the Corporate…
AI Boom Pushes Tech Giants Into Debt Markets as Rising Rates Reshape Investor Strategy
The global race to build artificial intelligence infrastructure is reshaping how tech giants manage money—and forcing investors to rethink long-held…
CBN Urged to Mandate Annual Financial Reporting for Fintechs and MFBs as Transparency Debate Intensifies in Nigeria
Finance experts have called on the Central Bank of Nigeria (CBN) to introduce mandatory annual financial reporting for deposit-taking fintech…