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 Local Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor Confidence Strengthens June 17, 2026 Ekemini Uba Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two weeks of June 2026. The increase has pushed the country’s gross reserves to…
Business Economy International Stablecoin Inflows in Nigeria Dominate Sub-Saharan Africa, IMF Report Reveals Digital Currency Shift June 17, 2026 Ekemini Uba Nigeria has emerged as a central hub for digital asset movement in Africa, accounting for about 60% of stablecoin inflows in sub-Saharan Africa, according to a new International Monetary Fund…
Business Economy Local Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence Surge June 17, 2026 Ekemini Uba Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn into Nigerian bonds in the first quarter of 2026. The surge reflects growing confidence in the…
Business Economy International IMF Says Naira Undervalued by 25.6%, Estimates Fair Exchange Rate at N1,142 per Dollar June 17, 2026 Ekemini Uba The International Monetary Fund (IMF) has revealed that the Nigerian naira remains significantly undervalued despite recent improvements in the foreign exchange market. According to the fund’s latest assessment, the local…
International Technology AI Agents Will Replace Apps, Says Qualcomm CEO as Company Builds 40+ AI Devices | Future of Smartphones Explained June 16, 2026 Ekemini Uba Qualcomm’s CEO Cristiano Amon has made a bold prediction about the future of technology, saying that AI agents will soon replace traditional mobile apps as the main way people interact…
Business International Technology AI Companies Eye IPO Boom as SpaceX Triggers Market Ripple Effect Across Tech and Energy Sectors June 16, 2026 Ekemini Uba The tech and financial world is entering what many analysts are calling a potential “AI IPO summer,” as major artificial intelligence companies such as OpenAI and Anthropic quietly prepare for…
Business International Technology Elon Musk Predicts SpaceX Could Hit $1 Trillion Revenue by 2030 After Historic $2 Trillion Valuation June 16, 2026 Ekemini Uba Elon Musk, the billionaire entrepreneur behind Elon Musk, has projected that his space exploration company, SpaceX, could generate as much as $1 trillion in annual revenue by 2030. The bold…
Business Economy Energy International Dangote Refinery Cuts Petrol Price by N75 Amid Global Oil Price Drop June 16, 2026 Ekemini Uba Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (petrol), slashing it by N75 per litre in a move that is expected to ease…
Business Economy Local CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial System June 16, 2026 Ekemini Uba Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity control measures, withdrawing an estimated N3.83 trillion from circulation. The move, aimed at…
Business Economy Energy International US–Iran Peace Deal Sends Shockwaves Through Global Markets — What It Means for Nigeria’s Economy June 16, 2026 Ekemini Uba Global relief as US–Iran peace deal calms energy markets A newly announced peace agreement between the United States and Iran has begun to reshape global economic expectations, following months of…
Local Macroeconomic Inflation Climbs Toward 16% as Geopolitical Tensions and Rising Costs Pressure Nigerian Economy June 16, 2026 Ekemini Uba Nigeria’s inflationary pressure continued its steady climb in May 2026, with the headline inflation rate rising to 15.93%, according to the latest data from the National Bureau of Statistics (NBS).…
Business Economy International U.S. Stock Futures Flat After Dow Record Close on U.S.–Iran Deal; Asian Markets Hit Record Highs June 16, 2026 Ekemini Uba U.S. stock futures were mostly unchanged on Tuesday following a strong rally in the previous session that pushed the Dow Jones Industrial Average to a fresh record close. The upbeat…
Business Local NGX Suffers Sharp Selloff as Market Capitalization Drops by N984bn on Heavy Profit-Taking June 16, 2026 Ekemini Uba The Nigerian equities market opened the week on a bearish note as sustained profit-taking and widespread selloffs pushed the Nigerian Exchange (NGX) into negative territory, wiping out about N984 billion…
Business investment Local NGX Market Slumps as Oil Stocks, First HoldCo Trigger N945bn Loss in One-Day Sell-Off June 16, 2026 Ekemini Uba Nigeria’s equities market slipped back into the red on Monday, June 15, 2026, as heavy selling pressure hit major oil and banking stocks, wiping out about N945 billion in investor…
Business Economy Local Naira strengthens to N1,356/$ amid rising reserves — strongest level since April 2026 June 16, 2026 Ekemini Uba The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign exchange market, its best performance since April 23, 2026. The appreciation…
Local Macroeconomic Nigeria’s Non-Oil Export Drive Gains Momentum Amid Push for Long-Term Economic Stability June 16, 2026 Ekemini Uba Nigeria recorded a strong external trade performance in the first quarter of 2026, posting a trade surplus of ₦7.55 trillion, according to data from the National Bureau of Statistics. Total…
Business Energy International Nigeria Power Crisis: World Bank $3.653bn Funding Exposes Deep Structural Failures in Electricity Sector June 16, 2026 Ekemini Uba Nigeria’s persistent electricity crisis continues to raise tough questions, even as the country benefits from billions of dollars in international support. A former General Manager at the Transmission Company of…
Business Local Market NGX Market Sheds N1.02 Trillion as Bank and Oil Stocks Drag Equities Down June 16, 2026 Ekemini Uba The Nigerian equities market ended on a weak note as investors recorded a significant loss of about N1.02 trillion in market capitalisation. The downturn was largely driven by sell-offs in…
Banking Business Finance Local CBN HoldCo Reforms May Force ₦370bn Capital Raise Across Nigeria’s Top Banks June 16, 2026 Ekemini Uba Nigeria’s leading banking groups may soon be compelled to raise about ₦370 billion in fresh capital following proposed new rules from the Central Bank of Nigeria (CBN) aimed at tightening…
Business Energy Local Oil Price Drops to $83 as US–Iran Peace Deal Sparks Global Market Shift June 16, 2026 Ekemini Uba Crude oil prices slid sharply on Monday, falling to around $83 per barrel after the United States and Iran signed a ceasefire agreement aimed at ending hostilities and reopening the…
Business Economy Energy Local Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens June 16, 2026 Ekemini Uba Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising to 7.93 billion standard cubic feet per day (bcf/d). This represents a…
International Technology Meta Unveils Facebook ‘AI Mode’ That Turns Public Posts Into Instant Answers Amid AI Push June 16, 2026 Ekemini Uba Meta has introduced a major new feature called “AI Mode” on Facebook, marking another step in its push to integrate artificial intelligence deeper into how users search and interact on…
Business Energy Local Nigeria’s Fuel Import Bill Crashes 96% to N87bn in Q1 2026 June 16, 2026 Ekemini Uba Nigeria’s expenditure on fuel imports dropped sharply in the first quarter of 2026, signaling a significant shift in the country’s energy trade landscape. Fresh data released by the National Bureau…
Banking Business Local United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in Nigeria’s Capital Market June 16, 2026 Ekemini Uba United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity stake in the Nigerian Exchange Group (NGX) Plc. The strategic investment underscores the…
Business Economy Local Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to Squeeze Consumers June 16, 2026 Ekemini Uba Nigeria’s inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on households and businesses across the country. Fresh data released by the National Bureau…
Business Economy Local Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three Years June 16, 2026 Ekemini Uba Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies are showing remarkable financial resilience, with operating cash flows rising significantly faster than profits. Data from…
Business Economy Local Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record Rally June 15, 2026 Ekemini Uba Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally that has transformed the Nigerian Exchange Limited (NGX) into one of the continent’s top-performing financial…
Business Energy International Nuclear Energy Comeback Gains Momentum as Nations Turn to “All-of-the-Above” Power Strategy June 15, 2026 Ekemini Uba A global shift in energy strategy is underway as nuclear power stages a strong comeback, driven by rising concerns over energy security, fuel price volatility, and the urgent demand for…
Business Economy Local CBN Liquidity Tightening Sparks Rush into Short-Term Debt as Investors Chase High Yields June 15, 2026 Ekemini Uba Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its liquidity tightening campaign, pushing investors to quickly reposition into short-term government debt. The aggressive…
Business International Market U.S. Stock Futures Jump After Iran Peace Deal as Global Markets Rally on Trump Announcement June 15, 2026 Ekemini Uba Global financial markets opened the week on a strong note as U.S. stock futures surged after President Donald Trump announced that a peace agreement had been reached to end the…
