CBN HoldCo Reforms May Force ₦370bn Capital Raise Across Nigeria’s Top Banks
Nigeria’s leading banking groups may soon be compelled to raise about ₦370 billion in fresh capital following proposed new rules…
Year: 2026
Oil Price Drops to $83 as US–Iran Peace Deal Sparks Global Market Shift
Crude oil prices slid sharply on Monday, falling to around $83 per barrel after the United States and Iran signed…
Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens
Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising to 7.93…
Meta Unveils Facebook ‘AI Mode’ That Turns Public Posts Into Instant Answers Amid AI Push
Meta has introduced a major new feature called “AI Mode” on Facebook, marking another step in its push to integrate…
Nigeria’s Fuel Import Bill Crashes 96% to N87bn in Q1 2026
Nigeria’s expenditure on fuel imports dropped sharply in the first quarter of 2026, signaling a significant shift in the country’s…
United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in Nigeria’s Capital Market
United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity stake in the…
Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to Squeeze Consumers
Nigeria’s inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on households and businesses…
Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three Years
Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies are showing remarkable financial resilience, with…
Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record Rally
Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally that has transformed the Nigerian…
Nuclear Energy Comeback Gains Momentum as Nations Turn to “All-of-the-Above” Power Strategy
A global shift in energy strategy is underway as nuclear power stages a strong comeback, driven by rising concerns over…
CBN Liquidity Tightening Sparks Rush into Short-Term Debt as Investors Chase High Yields
Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its liquidity tightening campaign, pushing…
U.S. Stock Futures Jump After Iran Peace Deal as Global Markets Rally on Trump Announcement
Global financial markets opened the week on a strong note as U.S. stock futures surged after President Donald Trump announced…
Nigerian Fixed-Income Market Surges to N1.06tn as Investors Rush Into Treasury Bills and Bonds
Nigeria’s fixed-income market witnessed a dramatic surge in trading activity as total daily turnover climbed past the N1 trillion mark,…
AI IPO Boom: SpaceX Leads Trillion-Dollar Wave as OpenAI and Anthropic Race Toward Public Markets
The global tech and financial markets are entering a new phase of disruption as artificial intelligence companies prepare for a…
Naira Slips Again as FX Liquidity Tightens, Loses N5.08 in a Week
The naira came under renewed pressure this week as weaker dollar supply in the foreign exchange market triggered fresh depreciation…
SoftBank Surges 10%+ as Iran–U.S. Peace Deal Sparks Asia Tech Stock Rally
Asian technology stocks soared on Monday as investors reacted positively to reports of a peace agreement between Iran and the…
Amazon CEO Andy Jassy Raises Alarm Over Anthropic AI Models, Triggering Global Access Block—Report
A major development in the global artificial intelligence industry has emerged after reports that Anthropic’s advanced AI models were restricted…
Tinubu @ 3: Nigeria’s Stock Market Surges N130 Trillion Amid Economic Hardship and Bold Reforms
Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about N30 trillion…
Anthropic AI Model Suspension Sparks India Debate on Sovereign AI and Tech Dependence
A sudden move by Anthropic to suspend access to its newest AI models has triggered a major global tech shake-up—and…
US–Iran Peace Deal Could Crash Petrol Price to N900 as Global Oil Market Slumps
The price of petrol in Nigeria may soon see a major relief, with industry operators suggesting that Premium Motor Spirit…
Dangote Refinery Slashes West Africa Fuel Imports as Regional Energy Trade Reshapes
West Africa’s fuel supply chain is undergoing a major shift as the ramp-up of the Dangote Petroleum Refinery sharply reduces…
Crude Oil Prices Fall After US–Iran Peace Deal Reopens Strait of Hormuz | Global Markets Rally
Global oil prices fell sharply on Monday while stock markets surged after the United States and Iran announced a landmark…
SpaceX Stock Surges 6% in Premarket After Record-Breaking IPO Debut
SpaceX shares continued their strong momentum on Monday, rising about 6% in premarket trading following last week’s historic market debut…
Nigeria Company Income Tax Falls to N1.37 Trillion in Q1 2026 as Collections Decline 8.08%
Nigeria’s Company Income Tax (CIT) collections recorded a notable decline in the first quarter of 2026, as new data from…
NGX and Abu Dhabi Exchange Partner to Unlock Middle East Investment Flow into Africa’s Capital Markets
The Nigerian Exchange Group (NGX) and the Abu Dhabi Securities Exchange (ADX) are deepening talks on a strategic partnership designed…
NGX Market Rally Adds N1.4 Trillion as Nigerian Stocks Push Capitalisation Above N156 Trillion
Nigeria’s equities market ended the week on a strong bullish note as investors collectively gained about N1.4 trillion, pushing market…
US-Iran Peace Deal Sends Oil Prices Tumbling as Global Markets React to Surprise Truce
A major geopolitical shock has rippled through global markets after reports that the United States and Iran have reached a…
Nigeria VAT Surges to N2.42 Trillion in Q1 2026 as Economy Strengthens Non-Oil Revenue Base
Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42 trillion in…
IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on…
Nigeria’s Banking Profit Boom Fades as Earnings Drop, While African Rivals Surge Ahead
Nigeria’s banking sector, once celebrated as one of Africa’s strongest profit engines, is entering a new phase marked by slowing…