Economists warn Trump’s threat is unsettling Nigerian stock market and naira
Economists warn Trump’s threat and CPC tag have shaken investor confidence, wiping N2.8 trillion off equities and weakening the naira.
Business and Economy
DeepSeek expert urges tech firms to act as ‘guardians of humanity’ amid AI threat
A DeepSeek researcher has warned that artificial intelligence could eliminate most jobs within two decades and urged tech firms to safeguard humanity as the technology evolves.
OpenAI is targeting multiple industries…
OpenAI, under CEO Sam Altman, is rapidly moving beyond AI research into industries including search, browsers, social media, and consumer hardware, aiming to transform daily life.
NIBSS National Payment Stack sees first live transaction by PalmPay and Wema Bank
PalmPay and Wema Bank complete Nigeria’s first live transaction on NIBSS National Payment Stack, signaling a new era in digital payments.
Nigerian stocks tumble as Trump’s warning triggers N2.8tn losses
Nigerian investors lost N2.8 trillion last week as ASI dropped 2.99 per cent, weighed down by geopolitical concerns and profit-taking across multiple sectors.
NIS unveils emergency passport for stranded Nigerians
The Nigeria Immigration Service (NIS) is introducing a Single Travel Emergency Passport (STEP), a new biometric document to replace the ETC, for Nigerians whose passports are expired, lost, or stolen.
Naira’s official FX streak ends: currency dips N14.61
The Naira recorded a massive depreciation of N14.61 against the US dollar at the official market, settling at N1,436.34 on Monday. According to Daily Post reporting, this officially ends the currency’s streak of appreciation, despite external reserves maintaining strength at $43.197 billion.
Trump threat sinks Naira, triggers stock market selloffs
Nigerian markets dip as US military intervention looms.
Economists urge CBN to introduce N10,000, N20,000 notes to restore Naira’s value
Quartus Economics has advised the Central Bank of Nigeria to issue higher-value naira notes to restore currency portability, reduce cash-handling costs, and reflect current economic realities.
P/Harcourt Refinery closure costs Nigeria N366.2bn loss in five months
The shutdown of the Port Harcourt Refinery has cost Nigeria an estimated ₦366.2 billion in five months, highlighting structural inefficiencies and governance issues in public refining operations.