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Year: 2026

$1 Trillion Economy: Tinubu Courts Global Investors in Paris, Cites 11.2% GDP Growth and Reform Gains
BusinessEconomyLocal

$1 Trillion Economy: Tinubu Courts Global Investors in Paris, Cites 11.2% GDP Growth and Reform Gains

President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing economic reforms, transparency drive, and…

byayotilewaMay 7, 2026May 7, 2026
Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and Recapitalisation Impact
BankingBusinessLocal

Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and Recapitalisation Impact

Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding balance sheets were weighed…

byayotilewaMay 7, 2026
Nikkei 225 Tops 62,000 for First Time as Asia Markets Rally Despite Trump’s Iran Threats
BusinessInternationalStock

Nikkei 225 Tops 62,000 for First Time as Asia Markets Rally Despite Trump’s Iran Threats

Asian markets recorded a strong surge on Thursday, with Japan’s benchmark Nikkei 225 index breaking a major milestone by climbing…

byayotilewaMay 7, 2026
NGX Market Rally Adds N629bn as Airtel Africa, 46 Stocks Drive Strong Bullish Momentum
BusinessLocalStock

NGX Market Rally Adds N629bn as Airtel Africa, 46 Stocks Drive Strong Bullish Momentum

The Nigerian Exchange Limited (NGX) closed on a positive note as investor confidence strengthened, pushing the market capitalisation up by…

byayotilewaMay 7, 2026
Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying Interest
BusinessLocalStock

Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying Interest

The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance upward, adding a…

byayotilewaMay 7, 2026
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos
BusinessFinanceinvestmentLocal

LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage Growth in Lagos

Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent increase in profit…

byayotilewaMay 7, 2026
Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG Report
BusinessInternationalTechnology

Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG Report

Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65 billion annually by…

byayotilewaMay 7, 2026
Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends
BusinessEconomyLocal

Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends

Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in March…

byayotilewaMay 7, 2026
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
BusinessEnergyInternational

Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears

Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below $100 per…

byayotilewaMay 7, 2026
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand Surges
BusinessEnergyInternational

Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand Surges

Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, marking…

byayotilewaMay 7, 2026
FMDA projects N10.53 trillion inflows in May on heavy OMO maturities
BusinessEconomyLocal

FMDA projects N10.53 trillion inflows in May on heavy OMO maturities

Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows reaching N10.53…

byayotilewaMay 7, 2026
Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive
BusinessEconomyLocal

Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive

Dangote Industries Limited is ramping up plans to raise more funds from international investors as it expands its presence in…

byayotilewaMay 7, 2026
Nigeria Eurobonds rally as yields fall below 8% for the first time
BusinessLocalMarket

Nigeria Eurobonds rally as yields fall below 8% for the first time

Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the curve for the first time…

byayotilewaMay 7, 2026
Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima
BusinessEconomyLocal

Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima

Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30 months, according to Vice-President Kashim Shettima.…

byayotilewaMay 7, 2026
NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity
BusinessLocalStock

NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity

The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle at…

byayotilewaMay 7, 2026
Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
BusinessFinanceLocal

Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window

The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…

byayotilewaMay 7, 2026
Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline
BusinessEnergyLocal

Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline

Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from…

byayotilewaMay 6, 2026
Nigeria Inflation Outlook: 7 Economists Predict Mixed Pressure Ahead of April NBS Report
LocalMacroeconomic

Nigeria Inflation Outlook: 7 Economists Predict Mixed Pressure Ahead of April NBS Report

As Nigerians await the April inflation data from the National Bureau of Statistics (NBS), a survey of seven economists suggests…

byayotilewaMay 6, 2026
Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per Litre
BusinessEnergyLocal

Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per Litre

The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor Spirit (PMS), bringing…

byayotilewaMay 6, 2026
Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally
BusinessEnergyInternational

Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally

Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States…

byayotilewaMay 6, 2026
Investor retreat drives Africa start-up funding to 13-month trough
BusinessInternational

Investor retreat drives Africa start-up funding to 13-month trough

Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest…

byayotilewaMay 6, 2026
Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions
BusinessInternationalMacroeconomic

Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions

Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price…

byayotilewaMay 6, 2026
Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally
BusinessInternationalTechnology

Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally

Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic…

byayotilewaMay 6, 2026
AI Job Loss Fears Overstated as Experts Push Back on Anthropic CEO’s Warning
InternationalTechnology

AI Job Loss Fears Overstated as Experts Push Back on Anthropic CEO’s Warning

Concerns over artificial intelligence replacing large numbers of entry-level white-collar jobs have sparked global debate, but several experts are now…

byayotilewaMay 6, 2026
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes
BusinessEnergyInternational

Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes

Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan…

byayotilewaMay 6, 2026
Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply Chain
BusinessEnergyLocal

Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply Chain

Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude oil made available…

byayotilewaMay 6, 2026
Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil – NUPRC Report
BusinessEnergyLocal

Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil – NUPRC Report

Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million barrels of crude oil…

byayotilewaMay 6, 2026
NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port Harcourt, Warri Plants
BusinessEnergyLocal

NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port Harcourt, Warri Plants

Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company Limited’s (NNPC) new partnership with two…

byayotilewaMay 6, 2026
AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap
BankingInternationalinvestment

AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap

The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how to mobilise more…

byayotilewaMay 6, 2026
IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures
BusinessEconomyInternational

IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures

The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term,…

byayotilewaMay 6, 2026

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