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 Local Stock NGX Oil & Gas Stocks Lead Wealth Creation as Sector Surges 111% Despite Market Correction June 22, 2026 Ekemini Uba Nigeria’s stock market may be experiencing a correction, but investors who positioned themselves in the right sectors have continued to enjoy substantial gains. Data from the Nigerian Exchange (NGX) shows…
Breaking Business Economy Local Nigeria’s Foreign Reserves Hit $51.04 Billion, Highest Level in 17 Years as Economic Reforms Gain Momentum June 19, 2026 Ekemini Uba Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength in the country’s external financial position. According to data from…
International Technology UAE Social Media Ban for Under-15s Sparks Global Debate on Child Online Safety June 19, 2026 Ekemini Uba The United Arab Emirates has made global headlines after becoming the first Arab nation to officially ban children under the age of 15 from creating or operating personal social media…
Business Economy International DBN Secures €200m EIB Funding to Power Nigeria’s Green and Digital Economy Push June 19, 2026 Ekemini Uba Nigeria’s push toward a greener and more digitally driven economy has received a major boost as the Development Bank of Nigeria (DBN) and the European Investment Bank’s development arm, EIB…
Business Economy Local Nigeria’s Tax Revenue Surges 49% to N15.8 Trillion in Five Months on Strong Oil and Non-Oil Growth June 19, 2026 Ekemini Uba Nigeria’s tax revenue recorded a sharp increase in the first five months of 2026, rising by 49% year-on-year to N15.8 trillion, according to data reported by Bloomberg. The growth significantly…
Business Economy Local Nigerian Stock Market Loses N2.5 Trillion in Three Days as Weak Sentiment Hits Banking and Blue-Chip Stocks June 19, 2026 Ekemini Uba The Nigerian stock market extended its losing streak on Wednesday, wiping out about N2.5 trillion in just three days as cautious investor sentiment continued to weigh on trading activity. The…
Business International Stock Global Stock Markets Mixed as Investors Weigh U.S.–Iran Peace Deal Stability Amid Holiday-Thinned Trading June 19, 2026 Ekemini Uba Global stock markets delivered a mixed performance on Friday as investors continued to assess the strength and long-term durability of a U.S.-brokered peace agreement with Iran. Sentiment remained cautious across…
Business Energy Local OPEC Quota: Nigeria’s Rising Oil Output Driven by Stronger Pipeline Security on Trans Niger Pipeline – PINL June 19, 2026 Ekemini Uba Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement to enhanced security operations on the Trans Niger Pipeline (TNP). Pipeline Infrastructure Nigeria Limited (PINL)…
Business Energy International India Holds Back on Middle East Oil Purchases Despite Strait of Hormuz Reopening June 19, 2026 Ekemini Uba India is showing little urgency to return to large-scale crude purchases from the Middle East, even after the reopening of the Strait of Hormuz eased earlier supply concerns. Refiners in…
Business Energy International Oil Prices Mixed as U.S.-Iran Talks Collapse and Strait of Hormuz Tensions Keep Markets on Edge June 19, 2026 Ekemini Uba Oil prices ended the trading session on a mixed note on Friday as renewed uncertainty over U.S.-Iran diplomatic efforts rattled market sentiment. The sudden cancellation of follow-up talks in Switzerland…
International Technology OpenAI Strengthens AI Power Team with High-Profile Hires Ahead of IPO June 19, 2026 Ekemini Uba OpenAI is making bold moves as it positions itself for a potential IPO, bringing in two influential figures in artificial intelligence and policy. The company has added Google DeepMind veteran…
Business Local Stock NGX Introduces New Share Price Movement Rules, Sets Volume Thresholds to Reshape Market Trading June 19, 2026 Ekemini Uba The Nigerian Exchange (NGX) has rolled out a major reform to its trading structure, introducing new rules that require minimum trading volumes before the price of a listed equity can…
Business Economy Finance International Naira Gains as British Pound Falls to N1,825/£ Amid UK Political Uncertainty June 19, 2026 Ekemini Uba The Nigerian naira recorded a notable gain against the British pound, trading around N1,825/£1, as uncertainty in the United Kingdom’s political and economic landscape weighed heavily on the sterling. The…
Business Finance Local Nigeria Eurobonds and Foreign Financing Strategy Evolves June 19, 2026 Ekemini Uba Nigeria is increasingly rethinking its external borrowing strategy, even as it continues to enjoy strong appetite from global investors in the Eurobond market. Over the past two years, the country…
Business Energy International Nigerian Marketers Import Dangote Fuel via Lomé Hub as Trade Flows Shift Across West Africa June 19, 2026 Ekemini Uba Nigerian fuel marketers are increasingly sourcing refined petroleum products originally produced by Dangote Petroleum Refinery through an offshore ship-to-ship (STS) trading hub in Lomé, Togo, reshaping regional fuel distribution patterns.…
Banking Business Economy Local Fraud Losses Hit N134.48bn in Nigeria as CBN Flags Surge in Digital Banking Scams (2020–2025) June 19, 2026 Ekemini Uba Banks and their customers in Nigeria lost a staggering N134.48bn to fraud between 2020 and 2025, according to new data released by the Central Bank of Nigeria (CBN). The figures,…
Business Energy Local Nigeria Can Produce 1.9m Barrels Daily, Says NUPRC as Oil Prices Hit $77 June 19, 2026 Ekemini Uba Nigeria’s crude oil industry is showing renewed strength as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country has the capacity to produce as much as 1.9 million barrels…
Features MREIF’s ₦128 Billion Mortgage Milestone @ 9.75%: A Housing Revolution Many Nigerians Are Yet to Notice June 19, 2026 Ekemini Uba Nigeria’s housing finance landscape may be undergoing one of its most significant transformations in decades, yet many Nigerians remain either unaware of the opportunity or skeptical about its accessibility. The…
Banking Business Local Femi Otedola Raises First HoldCo Stake to 20% with N29.6bn Share Purchase June 19, 2026 Ekemini Uba Billionaire businessman and Chairman of First HoldCo, Femi Otedola, has deepened his investment in the financial services group after acquiring 680.8 million additional shares valued at approximately N29.6 billion. The…
Business Economy Finance Local FG Unveils Guidelines for Tax Acts 2025 Implementation, Clarifies Transition to New Tax Regime June 19, 2026 Ekemini Uba The Federal Government has released comprehensive guidelines to facilitate the implementation of the Tax Acts 2025, providing much-needed clarity for taxpayers, tax authorities, and other stakeholders navigating the transition from…
Business Local Tinubu Appoints Ex-KPMG Africa Chairman Kunle Elebute as FRCN Board Chairman June 19, 2026 Ekemini Uba President Bola Ahmed Tinubu has appointed renowned financial expert and former KPMG Africa Chairman, Kunle Elebute, as the new Chairman of the Governing Board of the Financial Reporting Council of…
Business Energy Local Petrol Imports Surge 59.5% in May as Nigeria Balances Local Refining Growth and Fuel Demand June 18, 2026 Ekemini Uba Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to April despite continued growth in domestic refining capacity. Fresh data released by the Nigerian Midstream…
Business International Market Stock Futures Rebound After Fed Shock Sell-Off as Intel Surges on Apple Chip Deal Talk June 18, 2026 Ekemini Uba U.S. stock futures moved higher on Thursday as Wall Street attempted to recover from a sharp sell-off triggered by renewed concerns over Federal Reserve policy. The previous session’s downturn followed…
Economy investment Local Nigeria Secures $3bn Solid Minerals Investment Inflow as Mining Reforms Boost Investor Confidence June 18, 2026 Ekemini Uba Nigeria’s solid minerals sector has recorded a major boost, attracting about $3bn in investment inflows within the last three years, according to the Federal Government. Officials described the development as…
Finance Local Macroeconomic Nigeria’s Foreign Reserves Surge Past $50bn, Add $1.01bn in Two Weeks Amid FX Reforms June 18, 2026 Ekemini Uba Nigeria’s foreign exchange reserves have crossed a major psychological milestone, rising above $50 billion after gaining more than $1.01 billion in just two weeks. The latest figures from the Central…
International Technology Anthropic Joins Frontier Carbon Removal Coalition in Landmark $915M Climate Funding Push June 18, 2026 Ekemini Uba Anthropic has officially become the first artificial intelligence startup to join Frontier, a leading carbon removal coalition backed by major tech firms. The move comes with a fresh $915 million…
International Technology AI Will Cause Labour Shortage, Not Job Losses – Jeff Bezos Says Amid Growing AI Fears June 18, 2026 Ekemini Uba Amazon founder Jeff Bezos has pushed back against rising global fears that artificial intelligence will wipe out millions of jobs, instead predicting that AI will actually lead to a labour…
Business Economy International Afreximbank Urges Nigeria, Others to Boost Intra-African Trade to Shield Economy from Global Shocks June 18, 2026 Ekemini Uba The African Export-Import Bank (Afreximbank) has called on Nigeria and other African countries to urgently deepen intra-African trade as a strategy to strengthen economic resilience amid rising global uncertainties. The…
Business Economy Local Nigeria’s Oil Boom Pushes Current Account Surplus to $4.98bn in Q1 2026 June 18, 2026 Ekemini Uba In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the first quarter of 2026, marking a sharp 255.7% increase compared to…
International Technology Starlink Dominates African Internet Speeds in 22 Markets, Redefining Connectivity Across the Continent June 18, 2026 Ekemini Uba Starlink, the satellite internet service operated by SpaceX founded by Elon Musk, has emerged as the fastest internet provider across Africa, outperforming traditional internet service providers in 22 out of…
