Business Local Stock Analysts Advise Investors to Focus on Strong Stocks as Nigerian Equities Market Faces Fresh Pressure June 29, 2026 Ekemini Uba
Business Economy Local Nigeria’s Debt Servicing Swallows 72% of Revenue as Analysts Warn of Fiscal Sustainability Risks June 29, 2026 Ekemini Uba
Business Economy Local Economic Reforms Key to Nigeria’s Sustainable Growth, Says NGX Chairman June 29, 2026 Ekemini Uba
Business Economy International Stock Futures Surge as Tech Stocks Rebound Amid U.S.-Iran Ceasefire Agreement June 29, 2026 Ekemini Uba
Business investment Local Nigeria FX Market Turnover Soars 22% in June as Spot and Derivatives Trading Surge June 29, 2026 Ekemini Uba
Analysts Advise Investors to Focus on Strong Stocks as Nigerian Equities Market Faces Fresh Pressure June 29, 2026 Ekemini Uba
Nigeria’s Debt Servicing Swallows 72% of Revenue as Analysts Warn of Fiscal Sustainability Risks June 29, 2026 Ekemini Uba
Economy investment Local Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over Long-Term Investment June 10, 2026 Ekemini Uba Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the first quarter of 2026 alone. On the surface, the figure…
Business Energy International Oil Prices Drop Sharply as Iran–US Peace Talks Ease Global Supply Fears June 10, 2026 Ekemini Uba Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between Iran and the United States triggered a wave of selling across global crude markets. Brent…
Business International Macroeconomic Market IMF Backs Nigeria’s Economic Reforms but Warns of Rising Poverty and Food Insecurity June 10, 2026 Ekemini Uba The International Monetary Fund (IMF) has once again expressed support for Nigeria’s ongoing economic reforms, acknowledging that the country is making progress toward greater macroeconomic stability and improved growth prospects.…
Business Economy investment Local Foreign capital inflows into manufacturing sector drop by 50.7% in Q1 June 10, 2026 Ekemini Uba Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1 2026, raising fresh concerns about the country’s industrial growth momentum…
Business International Technology Google Slashes AI Subscription Price to $4.99, Igniting New AI Price War in the U.S. June 10, 2026 Ekemini Uba Google has escalated the growing artificial intelligence subscription battle by slashing the price of its entry-level AI plan, Google AI Plus, from $7.99 to $4.99 per month. The move also…
Business International Stock S&P 500, Nasdaq Slip as Chip Stock Rally Loses Steam Despite Falling Oil Prices June 10, 2026 Ekemini Uba The U.S. stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq Composite posting losses as a short-lived rebound in semiconductor stocks lost momentum. Investors remained cautious despite…
Business Finance Local Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years June 10, 2026 Ekemini Uba Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and signaling growing strength in the country’s external financial position. Data…
Business Local Stock NGX Gains N834.67bn as Airtel Africa, Tier-1 Banks Fuel Market Rally June 10, 2026 Ekemini Uba Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities, driven largely by a strong performance from Airtel Africa and…
Banking Business Finance Local IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than Cuts June 10, 2026 Ekemini Uba The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting that financial institutions are quick to increase lending rates when…
Business Economy Finance Local IMF cautions Nigeria on $5bn Abu Dhabi swap deal June 9, 2026 Ekemini Uba The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS) financing deal with First Abu Dhabi Bank, warning that such…
Business Finance International West Africa Leads Africa’s Digital Tax Revolution as Nigeria, Ghana, Benin Drive Major Reforms – WATAF June 9, 2026 Ekemini Uba West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold reforms targeting digital services and online economic activities. This was…
Business Energy Local Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market June 9, 2026 Ekemini Uba Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of 2026, according to fresh data from the National Bureau of…
Business Energy Local Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings June 9, 2026 Ekemini Uba Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil as its biggest foreign exchange earner, even amid fluctuating global…
Business Economy International Dangote Named Africa’s Most Admired Brand for 8th Straight Year June 9, 2026 Ekemini Uba Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the eighth consecutive year in the prestigious Brand Africa 100 rankings.…
Banking Business Local Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength Deepens (Q1 2026 Banking Report) June 9, 2026 Ekemini Uba Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated N137 trillion in customer deposits in the first quarter. The…
Business International Technology OpenAI IPO Filing Signals AI Mega-Race With Anthropic and SpaceX June 9, 2026 Ekemini Uba OpenAI, the creator of ChatGPT, has quietly taken a major step toward becoming a public company by filing confidential paperwork for an initial public offering (IPO). The move, announced in…
Local Technology NDPC, Meta Launch Two-Year Data Protection Initiative to Boost Privacy Awareness in Nigeria June 9, 2026 Ekemini Uba Nigeria is stepping up its digital safety game as the Nigeria Data Protection Commission (NDPC) has partnered with Meta to launch a two-year initiative aimed at improving data protection, privacy…
Business Economy Local Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up 340%) June 9, 2026 Ekemini Uba Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion, according to the National Bureau of Statistics. The figure marks…
Local Macroeconomic Nigeria Raises NTB Offer to N4.8 Trillion as Borrowing Pressure Surges in Q2 2026 June 9, 2026 Ekemini Uba Nigeria’s debt market is seeing a sharp shift as the Debt Management Office (DMO) has expanded its Nigerian Treasury Bills (NTB) issuance programme for the second quarter of 2026. The…
Business Economy Local Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign Investors Pull Back June 9, 2026 Ekemini Uba Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with experts suggesting that the policy shift may have unsettled foreign…
Business Economy Local Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340% Surge June 9, 2026 Ekemini Uba Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55 trillion in the first quarter, marking a dramatic 340.88 per…
Banking Business Finance International United Capital Expands into East Africa with Investment Banking Licences in Ethiopia and Rwanda June 9, 2026 Ekemini Uba United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia and Rwanda, strengthening its footprint across the continent’s rapidly growing…
Business International Global Stocks Rally as Chip Surge Lifts Markets, South Korea’s Kospi Jumps Over 8% June 9, 2026 Ekemini Uba Global stock markets extended their gains on Tuesday as a strong rebound in semiconductor stocks boosted investor confidence, helping Wall Street futures move higher and sparking a broad rally across…
Business Economy Local Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment Gateway June 9, 2026 Ekemini Uba Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300 billion through strategic investments in infrastructure, technology, trade, and financial…
Business Local Market Nigerian Stocks Add N515 Billion as Bargain Hunting Fuels Strong Market Rebound June 9, 2026 Ekemini Uba Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed bargain hunting strengthened the ongoing recovery on the Nigerian Exchange…
Economy International Nigeria Seeks €59m EU Support to Combat Illegal Fishing and Boost Blue Economy June 8, 2026 Ekemini Uba Nigeria has moved to secure a major €59 million support package under the West Africa Sustainable Ocean Programme (WASOP) to intensify its fight against illegal, unreported, and unregulated (IUU) fishing…
Business Local Stock Africa Prudential, AIICO Insurance, C&I Leasing Lead Weekly Nigerian Stock Picks as Market Slips June 8, 2026 Ekemini Uba Nigeria’s equities market closed last week on a weak note, shedding 3.1% after a brief recovery in the previous week. The decline was driven by heavy sell pressure across key…
Business Finance International investment United Capital Secures Landmark Investment Banking License in Ethiopia June 8, 2026 Ekemini Uba Nigeria’s United Capital Group has made a major breakthrough in East Africa after securing approval to operate investment banking services in Ethiopia. The license, issued on June 5, 2026, by…
Business Economy Local CBN Tightens FX Rules, Slaps N100 Million Fine on Banks Over Non-Compliant Transactions June 8, 2026 Ekemini Uba The Central Bank of Nigeria (CBN) has rolled out a major overhaul of its foreign exchange regulations, introducing a tough new penalty regime that includes a N100 million fine for…
Business Energy International Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank Financing Breakthrough June 8, 2026 Ekemini Uba Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition after its $750 million Afreximbank-backed financing deal was crowned Oil & Gas Deal of the…
