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 Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High June 12, 2026 Ekemini Uba Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of the Petroleum Exporting Countries (OPEC) quota for the first time in months. Fresh…
Business Finance Local FG Raises N4.68 Billion Through June Savings Bond as Investors Seek Safer Returns June 11, 2026 Ekemini Uba The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, highlighting growing investor confidence in government-backed investment products. The latest offer, managed by the…
Business Energy Local Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025 June 11, 2026 Ekemini Uba Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest output level since July 2025 and signaling renewed momentum for…
investment Local Top 10 Best Performing Money Market Funds in Nigeria Deliver Over 20% Returns in 2026 June 11, 2026 Ekemini Uba Nigeria’s money market fund sector continues to attract investors seeking safety, liquidity, and attractive returns, with the segment’s net asset value rising to N5.84 trillion as of May 2026. According…
Business Economy Local Tinubu Not Nigeria’s Biggest Borrower, New Report Says as Debt Debate Intensifies June 11, 2026 Ekemini Uba President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999, according to a new report that seeks to clarify growing concerns over the nation’s…
Business Economy Local Nigerians Expect Inflation to Ease in Six Months Despite Ongoing Price Pressures – CBN Survey June 11, 2026 Ekemini Uba Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in the coming months. This is according to a new Central Bank of Nigeria…
Business International Technology AI Could Trigger “Deeper Destruction” No One Fully Understands Yet, Bluechip CEO Warns June 11, 2026 Ekemini Uba The Chief Executive Officer and co-founder of Bluechip Technologies, Kazeem Tewogbade, has raised serious concerns about the long-term risks of artificial intelligence, warning that the technology could lead to consequences…
Business International Technology Oracle Beats Earnings Expectations but Slides on $20B Fundraising Plan as AI Spending Surges June 11, 2026 Ekemini Uba Oracle delivered a stronger-than-expected performance in its fiscal fourth quarter, beating Wall Street forecasts on both revenue and earnings while raising its profit outlook for the year. However, the upbeat…
Business Economy Local Nigeria’s Economic Reforms Gain IMF Backing as FG Pledges Sustained Policy Drive June 11, 2026 Ekemini Uba The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary Fund (IMF) in its 2026 Article IV Mission report on…
Agriculture Business Economy Local AfDB Pledges $86m to Boost Nigeria Agro-Industrial Zones as SAPZ Gains Fresh Funding Momentum June 11, 2026 Ekemini Uba The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major push aimed at transforming agriculture through industrial clusters, improved value…
Banking Business Economy Local FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits June 11, 2026 Ekemini Uba Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for international payments. Deposit Money Banks are now raising spending limits…
Business International Stock Futures Rise After U.S. Iran Strikes End as Oil Climbs and Global Markets Turn Volatile June 11, 2026 Ekemini Uba Global markets reacted sharply on Thursday after U.S. officials confirmed that military strikes against Iran had been completed, even as tensions in the Gulf remained high. Early sentiment pointed to…
Business Local Stock Nigerian Stock Market Gains N100bn as Bulls Extend Rally for Fourth Straight Session June 11, 2026 Ekemini Uba The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session as renewed buying interest in key blue-chip stocks pushed investors’…
Business Economy International Intra-African Trade Set to Hit $250bn in 2026 as AfCFTA Pushes Economic Integration Across the Continent June 11, 2026 Ekemini Uba Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250 billion, representing a 14% increase from last year’s $220 billion. The…
Business Local Technology NRS Launches Rev360 Platform to Boost Voluntary Tax Compliance Through Digital Innovation June 11, 2026 Ekemini Uba The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new digital platform, Rev360, aimed at boosting voluntary tax compliance across…
Business Local Market MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment June 11, 2026 Ekemini Uba The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria, Vitafoam, Livestock Feeds, and Oando powered another positive close. Despite…
Business Energy International Dangote Refinery Poised to Gain as Russia Extends Jet Fuel Export Ban June 11, 2026 Ekemini Uba The Dangote Petroleum Refinery may be set for another boost in the international aviation fuel market following Russia’s decision to extend its jet fuel export ban until November 30, 2026.…
International Technology Opendoor’s India Exit Sparks Fresh Debate Over AI’s Impact on Global Outsourcing June 11, 2026 Ekemini Uba San Francisco-based online home-buying platform Opendoor has announced the closure of its India operations, a move that is rapidly fueling discussions about the growing role of artificial intelligence in reshaping…
Business Economy Local Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic Outlook Despite Rising Costs June 11, 2026 Ekemini Uba Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high borrowing costs, and multiple taxation. The latest Business Expectations Survey…
Business Economy Local Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion Capital Raise June 11, 2026 Ekemini Uba The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through a private placement, reinforcing its status as one of Africa’s…
Business Energy International Standard Bank Backs Dangote Refinery IPO, Pledges Support for Expansion Across Africa June 10, 2026 Ekemini Uba Africa’s largest financial institution, Standard Bank Group, has thrown its weight behind the planned Dangote Refinery IPO, reaffirming its commitment to support the growth ambitions of Dangote Industries Limited across…
Business Economy International Trade Nigeria Imports N654.94bn Worth of Goods from Africa in Q1 2026 — South Africa, Angola, Egypt Lead Trade Surge June 10, 2026 Ekemini Uba Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries surged to N654.94 billion in the first quarter of 2026,…
Business Economy Local Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed Outlook Pressure June 10, 2026 Ekemini Uba The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the foreign exchange market continued to reflect tight central bank management…
Business Local Macroeconomic Nigeria Economic Reforms Gain IMF Support as FG Vows to Sustain Policy Drive June 10, 2026 Ekemini Uba The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation of its ongoing economic reform agenda. The government says the…
Business Economy International Nigeria’s Foreign Debt Projected to Hit $72.6bn by 2027 Amid Election Spending Pressures – IMF Warns June 10, 2026 Ekemini Uba Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary Fund (IMF), raising fresh concerns about the country’s growing debt burden as it…
Business Economy International Market Stock Futures Fall After U.S. Strikes Iran Amid Rising Middle East Tensions June 10, 2026 Ekemini Uba U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out what it described as “self-defense strikes” against Iran. The move…
Business Finance International investment United Capital Secures Investment Banking Licences in Ethiopia and Rwanda, Expanding East Africa Footprint June 10, 2026 Ekemini Uba United Capital Plc has taken a bold step in its continental expansion strategy after securing investment banking licences in Ethiopia and Rwanda, strengthening its position as one of Africa’s leading…
Business Energy Local FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes Upstream Investment June 10, 2026 Ekemini Uba The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial bids in the ongoing 2025 Nigeria Oil Licensing Round. The…
Business International Technology Anthropic’s Claude Fable 5 is a version of Mythos the public can access today June 10, 2026 Ekemini Uba Anthropic has officially opened access to its most powerful AI system yet, launching Claude Fable 5, a public-facing version of its previously restricted Mythos model. Announced on Tuesday, the rollout…
Business Economy Local CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term OMO Bills June 10, 2026 Ekemini Uba The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion from the financial system through its Open Market Operations (OMO)…
