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 Energy Local Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing Tensions June 18, 2026 Ekemini Uba Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking one of the steepest short-term declines in recent months. The…
Business Finance Local Stock Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation Phase June 18, 2026 Ekemini Uba After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally taken a breather. The Nigerian Exchange (NGX) is currently experiencing…
Business Economy Local DMO Raises N1.49 Trillion in Treasury Bills Auction as Investors Flood Market Amid Rising Yields June 18, 2026 Ekemini Uba Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49 trillion at its Nigerian Treasury Bills (NTB) auction held on Wednesday, June 17, 2026.…
Business Economy Local 33% Interest Rate Crisis Threatens Nigeria’s $1tr Economy Ambition, Telcos Warn June 18, 2026 Ekemini Uba Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per cent interest rate environment is threatening the sustainability of the sector and the country’s ambitious…
Business Local Market Agro-Allied Stocks Deliver 1,656% Rally as Presco, Okomu, FTN Cocoa Drive NGX Wealth Surge June 18, 2026 Ekemini Uba Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest wealth creators, delivering a staggering 1,656 per cent capital gain to investors over…
Business Economy International Foreign Investors Pour $3.3bn into Nigerian Bonds Amid Rising Yields and Strong Capital Inflows June 18, 2026 Ekemini Uba Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income market amid high interest rates and improving foreign exchange stability.…
Business Economy Energy Local Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash June 18, 2026 Ekemini Uba The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on fuel and telecommunications services in Nigeria, following reactions to the latest International Monetary Fund…
International Technology Google Gemini Co-Lead Noam Shazeer Joins OpenAI in Major AI Talent Shake-Up June 18, 2026 Ekemini Uba Google’s artificial intelligence ambitions have suffered a notable setback after Noam Shazeer, one of the key leaders behind the Gemini AI models, announced his departure from the company to join…
Business Energy Local Dangote Refinery Slashes Diesel and Jet Fuel Prices as Falling Crude Oil Costs Ease Market Pressure June 18, 2026 Ekemini Uba The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry prices of diesel and aviation fuel by N100 per litre. The latest adjustment sees diesel…
Business Economy Local Naira Falls to N1,361.5/$ as FX Market Turnover Plunges 57% Despite Rising External Reserves June 18, 2026 Ekemini Uba The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian Foreign Exchange Market (NFEM), compared to N1,356.5/$ recorded in the previous trading session.…
Banking Business Finance Local CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s Banking Shake-Up June 18, 2026 Ekemini Uba The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but a recent white paper by Chapel Hill Denham suggests the…
Business International investment Dangote’s $7bn Fertiliser Expansion Gets AFC Backing to Build Global Production Giant June 17, 2026 Ekemini Uba Africa’s richest man, Aliko Dangote, has secured strong financial backing from the Africa Finance Corporation (AFC) for a bold $7bn fertiliser expansion project aimed at positioning his conglomerate as the…
Business Economy Local FG Rules Out New Fuel and Telecom Taxes Amid IMF Recommendations Debate June 17, 2026 Ekemini Uba The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes on telecommunications services and petroleum products, following reactions to the International…
Business International investment NGX Chairman Courts Middle East Investors Ahead of Dangote Refinery IPO in Nigeria’s Capital Market Push June 17, 2026 Ekemini Uba The Group Chairman of the Nigerian Exchange Group (NGX Group), Umaru Kwairanga, is intensifying efforts to attract Middle East investors into Nigeria’s capital market, positioning the country as a growing…
Business Economy Local FG Unveils Ward-Based Growth Strategy to Strengthen Economy Under Renewed Hope Plan June 17, 2026 Ekemini Uba The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through a grassroots-driven model under President Bola Ahmed Tinubu’s Renewed Hope Development Plan. The initiative is…
Business Local Stock Banking Stocks Drag NGX Lower as GTCO, Zenith, UBA Trigger ₦782bn Market Loss June 17, 2026 Ekemini Uba The Nigerian equities market closed in the red on Tuesday, June 16, 2026, as heavy selloffs in major banking stocks wiped out ₦782.44 billion in investor wealth. The downturn was…
Business International investment NGX Eyes Mega Dangote Refinery IPO as Investor Demand Tops $2 Billion June 17, 2026 Ekemini Uba The Nigerian Exchange Group (NGX Group) has announced it is actively preparing for the highly anticipated initial public offering of the Dangote Refinery, a move expected to attract strong global…
Business International Stock S&P 500 Futures Edge Higher as Investors Await Fed Decision, SpaceX Extends Rally June 17, 2026 Ekemini Uba U.S. stock futures traded cautiously higher on Wednesday as investors turned their attention to the Federal Reserve’s latest interest rate decision, a key event expected to shape market sentiment in…
Business Economy International UAE Reaffirms Long-Term Investment Commitment to Nigeria as Trade Ties Deepen June 17, 2026 Ekemini Uba The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the growing economic partnership between both nations despite shifting global economic conditions. The UAE said Nigeria…
Business Economy Local FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway Projects June 17, 2026 Ekemini Uba Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between 2023 and April 2026, the Federal Government has released only N2.68 trillion, representing less than five…
Business Energy Local Petrol Price May Fall to N1,200 as Dangote Refinery Slashes Rates Amid Global Oil Decline June 17, 2026 Ekemini Uba Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump prices could fall to as low as N1,200 per litre following a major price cut…
Business Energy International Mission 300 Lights Up Africa: Over 50 Million People Gain Electricity Access in Two Years June 17, 2026 Ekemini Uba The World Bank and the African Development Bank (AfDB) have announced a major milestone under Mission 300, revealing that more than 50 million Africans across 40 countries have gained access…
International Technology G7 AI Summit in France: OpenAI, Google and Anthropic CEOs Signal Shift in Global Tech Power June 17, 2026 Ekemini Uba Top executives from the world’s leading artificial intelligence companies have joined the G7 Summit in France, underscoring how AI has moved from a tech sector issue to a global geopolitical…
Business Finance International investment United Capital Takes Bold Step With 5% Stake in NGX Group, Strengthening Nigeria’s Capital Market Outlook June 17, 2026 Ekemini Uba United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake in the Nigerian Exchange Group Plc (NGX Group), marking a…
Business Energy International Global Gas Price Volatility Persists as World Bank Warns of Prolonged Market Instability June 17, 2026 Ekemini Uba The World Bank has warned that global natural gas markets are heading into a prolonged period of instability, with prices expected to remain highly volatile due to ongoing geopolitical tensions,…
Business International Technology Ripple Invests in Flutterwave Series E to Power Stablecoin Payments Across Africa June 17, 2026 Ekemini Uba Ripple has made a strategic investment in Flutterwave as part of the Nigerian fintech giant’s Series E fundraising round, marking a major step toward expanding stablecoin-powered payments across Africa. The…
Business Economy International West African Trade Ministers Push Regional Industrialisation Drive at ECOWAS Summit in Ghana June 17, 2026 Ekemini Uba West African trade and industry leaders have taken a major step toward deepening regional economic integration after the fifth ECOWAS Ministers of Trade and Industry meeting (ECOMOTI-5) in Ghana, where…
Business Local Technology Tariff Hike Drives N4 Trillion Telecom Investment Inflow in Nigeria as NCC Reviews Mobile Termination Rates June 17, 2026 Ekemini Uba Nigeria’s telecommunications sector is witnessing a massive investment surge, with operators revealing that the 50 per cent tariff hike approved last year has attracted about N4 trillion into infrastructure expansion…
Business Economy Local CBN offers N450 billion Treasury Bills for auction on Wednesday, June 17 June 17, 2026 Ekemini Uba The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on Wednesday, June 17, 2026, in a move that continues to…
International Technology Nigeria Urged to Turn AI Strategy into Real-World Impact, Microsoft Says June 17, 2026 Ekemini Uba Microsoft has called on Nigeria to move beyond developing artificial intelligence strategies and begin focusing on practical implementation that delivers measurable results across government, industry, and society. The company stressed…
