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
Business Economy International Treasury Yields Slip as Inflation Concerns and Middle East Tensions Keep Markets on Edge June 26, 2026 Ekemini Uba U.S. Treasury yields moved lower on Friday as investors closely monitored the latest inflation data and renewed geopolitical tensions in the Middle East. Despite fresh concerns surrounding the region, declining…
Business Local Stock Nigerian Stock Market Extends Losses as Investors Wipe Out N959bn in One Day June 26, 2026 Ekemini Uba The Nigerian stock market suffered another major setback on Thursday as persistent sell-offs erased N959 billion from investors’ wealth, extending the market’s bearish run. The decline was largely driven by…
Business Energy Local Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment June 26, 2026 Ekemini Uba Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for greater investment in the nation’s upstream oil sector. Energy marketers…
Business Economy International investment Intra-African Trade Hits $213.8 Billion as AfCFTA Drives Regional Economic Growth June 26, 2026 Ekemini Uba Africa’s push for deeper economic integration is yielding positive results as intra-African trade climbed by 5.5 percent in 2025, reaching an estimated $213.8 billion compared to $202.7 billion recorded in…
Agriculture Business Economy International Africa’s top 15 agro-exports driving trade growth June 26, 2026 Ekemini Uba Africa’s agricultural sector is proving to be one of the continent’s strongest economic engines, with cocoa, coffee, cashews, tea and olive oil emerging as the leading export commodities driving trade…
Business International Market Technology Asia Stock Markets Tumble as Tech Sell-Off Sparks Fears Over AI Spending and Rising Costs June 26, 2026 Ekemini Uba Asian stock markets suffered steep losses on Friday as investors rushed to sell technology stocks amid growing concerns that soaring valuations in the sector may no longer be justified. The…
Banking Business Finance Local Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth June 26, 2026 Ekemini Uba Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow of credit to businesses is shrinking. Twelve listed banks increased…
Business Local Market Dangote Refinery IPO Frenzy Sparks Investor Rush as SEC Issues Warning June 26, 2026 Ekemini Uba The anticipation surrounding the highly awaited Dangote Refinery IPO has reached fever pitch, prompting Nigeria’s Securities and Exchange Commission (SEC) to step in and caution investors against unofficial investment schemes.…
Business Economy International Dangote refinery eyes $2bn in historic listing – Report June 26, 2026 Ekemini Uba Africa’s largest refinery is preparing to make history as Dangote Petroleum Refinery moves closer to a landmark public listing that could raise up to $2 billion and become the biggest…
Banking Business Local Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal June 25, 2026 Ekemini Uba Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent in February 2026 following the Central Bank of Nigeria’s (CBN)…
Business Economy International Tinubu Urges Africa to End Raw Material Exports, Embrace Industrialisation for Economic Growth June 25, 2026 Ekemini Uba President Bola Tinubu has challenged African nations to break away from the decades-long cycle of exporting raw minerals while importing expensive finished products, warning that the practice continues to deprive…
Business Economy Energy Local El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback June 25, 2026 Ekemini Uba Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño weather phenomenon may significantly reduce hydropower generation across West Africa.…
Business Energy International Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies June 25, 2026 Ekemini Uba President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing Exxon, Chevron, Shell, and BP of failing to pass lower crude oil prices on to…
Business Energy International Oil price falls to levels not seen since before Iran war June 25, 2026 Ekemini Uba Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers and businesses concerned about rising energy costs. Brent crude, the international…
International Technology Nigeria’s Tech Sector Backs 2027 Data Localisation Deadline as Digital Economy Gains Momentum June 25, 2026 Ekemini Uba Nigeria’s technology industry has expressed growing confidence ahead of the Central Bank of Nigeria’s (CBN) January 1, 2027 deadline requiring financial institutions to localise critical data within the country. Industry…
Business Economy International Nigeria’s Intra-African Trade Hits $9bn as AfCFTA and Policy Reforms Drive Growth June 25, 2026 Ekemini Uba Nigeria’s trade with other African countries climbed to $9.02 billion in 2025, marking a significant increase from the $7.47 billion recorded the previous year. According to the African Export-Import Bank…
Business International Stock Technology Micron Stock Soars 16% as AI-Driven Earnings Smash Expectations June 25, 2026 Ekemini Uba Micron Technology stunned investors on Thursday as its shares jumped more than 16% in premarket trading following a blockbuster earnings report that highlighted the powerful impact of the artificial intelligence…
Business International Technology Elon Musk Loses Trillionaire Status as Tech Market Sell-Off Hits SpaceX June 25, 2026 Ekemini Uba Elon Musk has fallen below the trillionaire threshold just weeks after making history as the world’s first trillionaire, following a sharp decline in SpaceX and Tesla stock prices. According to…
Business Energy Local Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading June 25, 2026 Ekemini Uba Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is being re-imported into Nigeria through the Lomé trading hub in…
Business Energy Local Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026 June 25, 2026 Ekemini Uba The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a steady supply of fuel across Nigeria during the third quarter…
Business International Macroeconomic Treasury Yields Rise as Investors Brace for Key U.S. Inflation Report June 25, 2026 Ekemini Uba U.S. Treasury yields moved slightly higher on Thursday as investors turned their attention to a crucial inflation report expected to provide fresh insight into the health of the American economy.…
Local Technology Nigeria’s AI Adoption More Hype Than Reality, Expert Warns June 25, 2026 Ekemini Uba Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of AI is being overstated. Debola Ibiyode, founder and Chief Executive…
Business Economy Local Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026 June 25, 2026 Ekemini Uba After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes for the rest of the year. Market analysts believe two…
Business Economy Local Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$ June 25, 2026 Ekemini Uba Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at N1,389 per dollar at the official foreign exchange market. According…
International Technology OpenAI unveils its first custom chip, built by Broadcom June 25, 2026 Ekemini Uba OpenAI has taken a major step toward reshaping the future of artificial intelligence infrastructure with the unveiling of its first custom-built AI chip, known as Jalapeño. Developed in partnership with…
Business Economy International FG Pushes African Cross-Border Payment Card to Boost Trade and Reduce Dollar Dependence June 25, 2026 Ekemini Uba The Federal Government has unveiled plans to champion the creation of an African cross-border payment card that would allow seamless transactions between African currencies without relying on the U.S. dollar…
Business Local Market Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff June 25, 2026 Ekemini Uba Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some of the country’s biggest listed companies erased N3.64 trillion from…
Business Economy Local ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy June 25, 2026 Ekemini Uba As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned the Federal Government against implementing tax reforms that could place…
Business Energy Local Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol June 25, 2026 Ekemini Uba Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as petrol continues to sell for over N1,000 per litre across…
Business Economy Local OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift June 24, 2026 Ekemini Uba The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to flow into the banking sector. According to the latest report…
