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AIICO Insurance adds three experienced directors to its board after regulatory approval

Techeconomy • May 25, 2026

AIICO Insurance Plc has appointed Sadiq Mohammed as Independent Non-Executive Director, and Tunde Mabawonku and Rolake Akinkugbe-Filani as Non-Executive Directors, with all appointments taking effect immediately after regulatory approval.The three new directors bring combined experience… Read full article →

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Nigeria's AGF and NNPC unite against Dangote Refinery's lawsuit to block fuel import licences

Premium Times • May 25, 2026

Dangote Refinery filed suit FHC/L/CS/857/2026 at the Federal High Court in Lagos seeking to stop the Federal Government from issuing or renewing import licences for petrol, diesel and jet fuel, arguing its refining capacity can… Read full article →

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Nigeria's money supply reaches N124.99 trillion as domestic liquidity keeps expanding despite CBN tightening

Nairametrics • May 25, 2026

Nigeria's broad money supply (M3) rose to N124.99 trillion in April 2026, up from N123.12 trillion in February 2026, a jump of nearly N1.87 trillion in two months, and up from N119.22 trillion in April… Read full article →

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Accion Microfinance Bank marks 20 years of SME lending and financial inclusion in Nigeria

Nairametrics • May 25, 2026

Accion Microfinance Bank held a gala night in Lagos to celebrate 20 years since its founding in 2006, gathering customers, partners, and industry leaders to reflect on its impact on small businesses and underserved communities.MD/CEO… Read full article →

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GitLab 19.0 launches tighter secrets management and AI-driven developer workflow tools

The New Stack • May 25, 2026

GitLab released version 19.0 with GitLab Secrets Manager now in public beta for Premium and Ultimate users. The tool scopes each credential only to the specific pipeline jobs authorised to use it, rather than granting… Read full article →

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MTN's $2.2bn IHS tower takeover has board approval; shareholders vote next

Techeconomy • May 25, 2026

MTN Group has secured IHS Holding's unanimous board approval for a $2.2 billion acquisition that would take the tower company private, with shareholders set to vote at an extraordinary general meeting in London later this… Read full article →

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NGX ETF trading value drops 31% to N815.90 million as major funds record steep losses

Nairametrics • May 25, 2026

Total ETF transaction value on the Nigerian Exchange fell to N815.90 million for the week ended May 22, 2026, down from N1.18 billion the previous week, a 30.7% decline.The SIAML Pension ETF 40 recorded the… Read full article →

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Oil prices drop over 5% as US-Iran peace deal hopes ease supply fears

Investors King • May 25, 2026

Brent crude fell 4.9% to $98.45 per barrel and WTI dropped 5.4% to $91.38, both hitting their lowest levels since May 7, after reports of a potential US-Iran agreement in principle.The price drop was driven… Read full article →

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Airtel Africa launches $110m share buyback after revenue jumps 29.5% to $6.42bn

Business Post • May 25, 2026

Airtel Africa has launched a share buyback programme worth up to $110 million, involving the repurchase of up to 1% of its issued share capital, with all repurchased shares to be cancelled to reduce the… Read full article →

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Unilever leads Nigeria's consumer goods pack as Cadbury and Nestlé face rising cost pressure in Q1 2026

Nairametrics • May 25, 2026

Cadbury, Nestlé, and Unilever, three NGX-listed consumer goods companies, released Q1 2026 results showing diverging margin performance, with Unilever leading on margin quality while Cadbury posted the sharpest decline, with operating margin falling to 11.85%… Read full article →

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Wema Bank shareholders approve potential acquisition of a licensed commercial bank

Investors King • May 25, 2026

Wema Bank shareholders passed resolutions at the 2025 Annual General Meeting held electronically on May 20, 2026, authorising the board to pursue the acquisition of a licensed commercial bank or other strategic business combinations.Shareholders also… Read full article →

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A dormant Bitcoin whale moves $203 million in BTC to major trading firms amid rising sell pressure

Crypto News • May 25, 2026

A Satoshi-era Bitcoin whale transferred 2,650 BTC worth approximately $203 million to crypto trading firms FalconX and Cumberland across three transactions, while still holding nearly 6,000 BTC valued at around $462 million.The move coincides with… Read full article →

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Strategy pauses Bitcoin buying to repurchase $1.5 billion in convertible debt

Crypto News • May 25, 2026

Strategy skipped Bitcoin purchases this week, redirecting capital to repurchase nearly $1.5 billion in face value of its 0% convertible senior notes due 2029 for approximately $1.38 billion in cash.Executive chairman Michael Saylor said it… Read full article →

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Stablecoins now drive 60% of trades on NoOnes as Africa's digital payment rail matures

BitcoinKE • May 25, 2026

NoOnes research shows stablecoin use on its platform grew from under 25% to nearly 60% over the past two years, with stablecoins accounting for 43% of all crypto volume in Sub-Saharan Africa and over 54… Read full article →

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Berger Paints Nigeria approves N1.25 dividend per share at 2026 AGM

Investors King • May 25, 2026

Berger Paints Nigeria Plc shareholders approved a final dividend of N1.25 per 50 kobo ordinary share for the 2025 financial year at the company's 66th AGM, held virtually on May 21, 2026.The dividend applies to… Read full article →

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BUA Cement shareholders approve N10 dividend per share at 2026 AGM in Abuja

Investors King • May 25, 2026

BUA Cement Plc shareholders approved a N10 per ordinary share dividend for the financial year ended December 31, 2025, at the company's 10th Annual General Meeting held on May 21, 2026 at Transcorp Hilton Abuja.Shareholders… Read full article →

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Nigerian airports have no insurance cover, leaving the Federal Government exposed to massive losses

Vanguard (Business) • May 25, 2026

No insurance company has reported claims or liability following a fire at the international terminal of Murtala Muhammed International Airport, managed by the Federal Airports Authority of Nigeria (FAAN), suggesting the airport had no insurance… Read full article →

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NGX All Share Index dips 0.24% as investors take profits in blue chip stocks

Vanguard (Business) • May 25, 2026

The Nigerian Exchange Limited (NGX) All Share Index fell 0.24% week-on-week to 249,540.75 points, pulled down by sell-offs in BUA Cement (-3.5%), GTCO (-1.2%), Dangote Sugar (-4.4%), NASCON (-5.4%), and UACN (-5.0%) during the last… Read full article →

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Koolboks has deployed 10,000 solar fridges across Nigeria, Kenya, and Uganda since 2021

Disrupt Africa • May 25, 2026

Pan-African startup Koolboks, founded in 2018 by Ayoola Dominic and Deborah Gael, designs and distributes solar-powered refrigerators and freezers for off-grid and weak-grid communities, primarily serving small businesses and healthcare facilities.Units run entirely on solar… Read full article →

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FairMoney launches vehicle financing for transport and logistics entrepreneurs across Nigeria

ITPulse Nigeria • May 25, 2026

FairMoney Microfinance Bank has launched an Asset Financing Solution giving mobility entrepreneurs, transporters and delivery merchants access to credit-backed commercial vehicle acquisition nationwide.The product uses FairMoney's proprietary data-driven onboarding and risk assessment technology, with repayments… Read full article →

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CBN absorbs N3.69 trillion in one day to drain excess cash from banking system

Nairametrics • May 24, 2026

On May 21, 2026, the CBN accepted 100% of all bids in an OMO auction, mopping up N3.692 trillion over six times the N600 billion it had offered in a single session.Investor demand was overwhelming:… Read full article →

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Google adds programmable middleware to Genkit, giving developers more control over AI app behavior

InfoQ • May 24, 2026

Google has released a middleware system for Genkit, its open-source framework for building AI-powered applications, allowing developers to intercept and customize model calls, tool execution, and generation loops without rewriting core application logic.The update ships… Read full article →

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Nigeria's stock market is up 62% this year and still looks cheap by global standards

Nairametrics • May 24, 2026

The NGX All-Share Index has surged 62% year-to-date, trading between 249,000 and 252,000 after crossing the historic 200,000-point milestone, making it the second-best performing equity market globally when measured in dollars.Despite the rally, Nigerian stocks… Read full article →

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Afrinvest upgrades its investment app with IPO features and plans cross-border African expansion

Techeconomy • May 23, 2026

Afrinvest held a public meetup in Lagos where executives acknowledged platform failures that affected 94,000 clients, including delayed settlements, duplicated trades and poor customer support, and committed to restoring all affected accounts with no client… Read full article →

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Orange leads new subsea cable project to connect Nigeria and 19 other countries via Atlantic route

BusinessDay Nigeria — Technology • May 23, 2026

Orange, through a consortium including Canalink, GUILAB, Sonatel, and others, is developing the 'Via Africa' subsea cable, a 20,000-kilometre system connecting nearly 20 countries across Africa and Europe via the Atlantic Ocean.Nigeria and other African… Read full article →

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VFD Group insiders bought over 20 million shares ahead of dividend payout and AGM

Nairametrics • May 23, 2026

Directors, employees, and related parties of VFD Group Plc collectively acquired approximately 20.5 million ordinary shares across about 40 trade deals, with prices ranging from N10.35 to N10.70 per share, all disclosed in compliance with… Read full article →

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Nigerian stock market snaps seven-week winning streak, drops 0.25% in week ended May 22

Nairametrics • May 23, 2026

The Nigerian equities market shed 618.55 points to close at 249,712.37 for the week ended May 22, 2026, ending a seven-week winning streak with a 0.25% weekly decline driven by profit-taking and reduced trading volume.Despite… Read full article →

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Harbor Capital files for five AI lab-specific ETFs targeting Anthropic, OpenAI, and xAI ecosystems

Crypto News • May 22, 2026

Harbor Capital has filed with the US Securities and Exchange Commission for five actively managed 'Lab ETFs,' each targeting the ecosystem of companies tied to one of five AI labs: Anthropic, Google DeepMind, Meta, OpenAI,… Read full article →

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Nigerian stock market nears 250,000 points with 60.47% year-to-date return

Nairametrics • May 22, 2026

The NGX All-Share Index rose 0.22% to 249,712.4 points on Friday, 22 May 2026, edging toward the 250,000 psychological threshold with a year-to-date return of 60.47%.Fidelity Bank dominated trading, leading both volume (198 million shares)… Read full article →

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NNPC accuses Dangote refinery of seeking fuel monopoly as court battle over import licences escalates

Premium Times • May 22, 2026

NNPC filed a proposed defence in the Federal High Court in Lagos, arguing that Dangote Refinery's lawsuit seeking to void fuel import licences would undermine competition, threaten supply stability, and compromise national energy security.Dangote Refinery's… Read full article →

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