AI drives smarter maintenance for global data centres
Artificial intelligence is rapidly transforming how data centre operators manage and maintain critical infrastructure, as growing computing demands and increasingly…
Author: ayotilewa
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and aviation fuel, marking a significant…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady at 22%
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes climbing to a record N97.45…
SoftBank CEO Predicts $5 Trillion Annual AI Investment by 2040 as Global Race for Artificial Intelligence Intensifies
SoftBank Group CEO Masayoshi Son has made a bold prediction about the future of artificial intelligence, stating that the technology…
Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
The tech world is living through a bizarre paradox. On one hand, silicon giants are boasting record-breaking profits and pouring…
Balanced AI Regulation Key to Unlocking Nigeria’s Digital Economy, Experts Say
Nigeria’s push toward a thriving digital economy received a major boost as experts at the 2026 AI Summit in Lagos…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply Fears
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel following a dramatic escalation in…
Nigeria and Hong Kong Sign Historic Double Taxation Agreement to Protect Investors
In a major win for international business, Nigeria and Hong Kong have officially joined forces to eliminate the financial headache…
IMF July economic outlook: Oil lifts Nigeria, AI lifts the World’s winners
The latest IMF July economic outlook paints a picture of resilient growth, projecting a steady 4.1% expansion for Nigeria in…
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in the week…
Nigeria-Brazil Agricultural Trade Deal Officially Kicks Off
Nigeria and Brazil have officially moved from paperwork to policy as the two nations begin implementing a major new agricultural…
NGX Profit Taking Erases N1.32 Trillion in Massive Monday Sell-Off
It was a bruising start to the trading week on the Nigerian Exchange (NGX) as a heavy wave of profit-taking…
Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry Leaders Demand Urgent Reforms
Nigeria’s manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025, representing a 45.61 percent…
Negative sentiments resume as capitalisation dips by N1.32tr
It was a bruising Monday for investors on the Nigerian Exchange (NGX) as a sudden wave of panic-selling wiped a…
AS US, Iran Resume Hostilities over Strait of Hormuz, Dangote to Now Sell Fuel in Dollars
The fragile peace in the Middle East has shattered once again. A fresh wave of military strikes between the United…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average of 1.56…
Stock market investors trade N220.6bn shares as banking sector dominate activity
The Nigerian Exchange (NGX) turned into a bustling financial powerhouse this past week as stock market investors traded a massive…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million Investment Offer
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji announced his willingness to invest $100…
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing equity market in…
Nigerian bourse overtakes South Korean equities to claim world’s best-performing stock market
Nigeria’s stock market has claimed the title of the world’s best-performing equity market in dollar terms for 2026, surpassing South…
NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally
The Nigerian Exchange (NGX) delivered another landmark performance on Wednesday, with market capitalisation soaring to an unprecedented N155.59 trillion as…
NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally
The Nigerian stock market delivered a strong performance on Wednesday as investors recorded a massive N3.45 trillion gain, extending the…
Nasdaq Futures Climb as Chip Stocks Rally Despite Rising U.S.-Iran Tensions
Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in semiconductor stocks, even…
IMF Maintains Nigeria’s 4.1% Growth Forecast for 2026 Amid Global Uncertainty and Middle East Tensions
Nigeria’s economic outlook has received a vote of confidence from the International Monetary Fund (IMF), which has maintained its growth…
Nigeria, Ghana deepen bilateral maritime cooperation
Nigeria and Ghana have taken a major step toward strengthening maritime ties after signing a new Memorandum of Understanding (MoU)…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS), popularly known as…
ipNX Pushes for Affordable, Accessible AI to Accelerate Africa’s Digital Transformation
Artificial Intelligence (AI) will only achieve its full potential in Africa if it becomes accessible, affordable, and relevant to local…
Meta Invests $9 Billion in First Canadian Data Center as AI Expansion Accelerates
Meta is taking its artificial intelligence ambitions beyond the United States with plans to build its first large-scale data center…