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Vite 8 launches with a single Rust-based bundler, cutting build times by up to 30x

InfoQ • May 19, 2026

Vite 8.0 replaces its previous dual-bundler setup (esbuild for development, Rollup for production) with a single Rust-based bundler called Rolldown, delivering 10 to 30x faster build speeds while keeping full compatibility with existing Vite plugins.Real-world… Read full article →

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SEC mandates T+1 trade settlement for Nigeria's capital market from June 1, 2026

Nairametrics • May 19, 2026

Nigeria's SEC has issued guidance requiring all capital market operators to transition from a two-business-day (T+2) to a one-business-day (T+1) settlement cycle for equities and commodities trades, effective June 1, 2026.May 29, 2026, will be… Read full article →

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Access Holdings insiders sold 5.55 million shares worth N135 million in two transactions

Investors King • May 19, 2026

Non-Executive Director Olusegun Ogbonnewo sold 1.55 million shares for approximately N39.3 million. In comparison, Access Bank staff member Moses Ejike Osondu sold 4 million shares for approximately N95.7 million, totalling 5.55 million shares worth about… Read full article →

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Tony Elumelu set to join Seplat board after Heirs Energies' $500 million stake acquisition

Nairametrics • May 18, 2026

Tony Elumelu, chairman of UBA and head of Heirs Holdings, is expected to be formally elected as a Non-Executive Director of Seplat Energy at the company's 13th AGM on May 20, 2026.Heirs Energies acquired a… Read full article →

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GitHub tightens bug bounty rules as AI-generated junk reports flood the system

The New Stack • May 18, 2026

GitHub announced stricter standards for its bug bounty program after a sharp rise in low-quality, AI-assisted vulnerability submissions that lack proof-of-concept validation or demonstrated security impact.Researchers will now be required to provide working proof-of-concept demonstrations… Read full article →

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Sterling HoldCo seeks shareholder approval to raise up to $400 million in fresh capital

Nairametrics • May 18, 2026

Sterling Financial Holdings Company Plc will ask shareholders at its June 9 AGM to authorise a fresh capital raise of up to $400 million, executable in naira, dollars, or other currencies through instruments including bonds,… Read full article →

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Nigeria launches unified Tax ID system, replacing old TIN validation for all taxpayers

Premium Times • May 18, 2026

The Nigeria Revenue Service (NRS) and Joint Revenue Board (JRB) are implementing a new Taxpayer Identification (Tax ID) system, mandated under Sections 6, 7, and 8 of the Nigeria Tax Administration Act, 2025, which took… Read full article →

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PenCom proposes full final-salary pension and doubled gratuity for retired Nigerian police officers

Business Post • May 18, 2026

The National Pension Commission (PenCom) has proposed that retired Nigeria Police Force officers under the Contributory Pension Scheme (CPS) receive a monthly pension equal to 100% of their final salary for life, plus a gratuity… Read full article →

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Cloudflare and Stripe let AI agents autonomously deploy apps, buy domains, and manage cloud accounts

InfoQ • May 18, 2026

Cloudflare and Stripe have launched a protocol enabling AI agents to create cloud accounts, register domains, start paid subscriptions, and deploy applications to production with minimal human input required.The system uses Stripe as an identity… Read full article →

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Dangote doubles Ethiopia fertiliser plant investment to over $4 billion

Nairametrics • May 18, 2026

Aliko Dangote has increased his planned investment in a proposed Ethiopian fertiliser plant from $2.5 billion to over $4 billion, as disclosed by Dangote Group on May 18, 2026.The expanded project now includes a 110km… Read full article →

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Nigeria launches AI-powered education database tracking 32 million learners across 21 states

Technology Times • May 18, 2026

The Federal Government unveiled the Nigerian Education Data Infrastructure (NEDI) at a National Stakeholders' Workshop in Abuja on May 14, a cloud-based AI platform designed to centralise education records from enrolment to employment across basic,… Read full article →

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CBN's June 2026 cybersecurity deadline is leaving hundreds of smaller financial institutions dangerously unprepared

Vanguard (Business) • May 18, 2026

The CBN issued a circular on 10 March 2026 mandating all regulated financial institutions to adopt a baseline standard for automated Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) systems, with an implementation… Read full article →

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CPPE urges CBN to hold interest rates steady ahead of MPC meeting this week

Nairametrics • May 18, 2026

The Centre for the Promotion of Private Enterprise (CPPE) has warned the CBN's Monetary Policy Committee against further interest rate hikes, saying additional tightening could damage economic recovery and hurt businesses and households.The CPPE argues… Read full article →

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Nigeria's manufactured exports stuck at under 3% of total exports for four straight years

Vanguard (Business) • May 18, 2026

Nigeria's National Bureau of Statistics (NBS) data shows that manufactured exports accounted for just 2.94% of total exports in 2025, down from 5.21% in 2021, despite total export value rising 9.93% year-on-year to N85.13 trillion.Manufacturers… Read full article →

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Nigerian stock market gains N3.34 trillion as banking and consumer stocks drive bullish rally

Vanguard (Business) • May 18, 2026

The NGX All Share Index rose 2.3% week-on-week to 250,330.92 points, pushing market capitalisation to N160.443 trillion from N157.094 trillion the previous week.Year-to-date returns on the Nigerian Exchange have reached 60.9%, with the Industrial Goods… Read full article →

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Sterling Financial Holdings grows Q1 2026 profit 36% to N23.38 billion on interest income surge

Investors King • May 18, 2026

Sterling Financial Holdings Company Plc reported profit after tax of N23.38 billion in Q1 2026, up 35.7% from N17.23 billion in Q1 2025, driven by rising interest income and an expanding loan portfolio.Interest income climbed… Read full article →

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Jaiz Bank posts N8.08 billion Q1 2026 pre-tax profit, up 14.84% year-on-year

Nairametrics • May 17, 2026

Jaiz Bank recorded a pre-tax profit of N8.08 billion in Q1 2026, rising from N7.04 billion in the same period of 2025, building on a full-year 2025 pre-tax profit of N31.2 billion, a 27.83% year-on-year… Read full article →

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Nigeria's Q1 2026 fixed-income market hit peak yields in January before rate cuts compressed returns

Nairametrics • May 18, 2026

The 364-day Treasury Bill posted its highest stop rate of 18.47% on January 7, 2026, the best risk-free naira return of the entire quarter, before the CBN's rate-cut cycle drove yields steadily lower through February… Read full article →

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Apple's revamped Siri in iOS 27 will let users auto-delete AI chat histories

The Verge • May 17, 2026

Apple is building a more chatbot-like Siri for iOS 27 that will include an option to automatically delete conversation histories, according to Bloomberg's Mark Gurman.Users will be able to choose how long chats are saved:… Read full article →

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NAHCO posts N24.28bn profit and eyes Federal Government airport concession bids

The Punch (Business) • May 18, 2026

Nigerian Aviation Handling Company (NAHCO) reported a profit before tax of N24.28bn for the 2025 financial year, up 29.83 per cent from N18.70bn in 2024, with total revenue rising 22.93 per cent to N65.82bn.At its… Read full article →

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Jaiz Bank posts N7.85 billion Q1 2026 profit, up 14.4% on stronger financing income

Investors King • May 18, 2026

Jaiz Bank's profit after tax rose to N7.85 billion in Q1 2026, up from N6.86 billion in Q1 2025, driven by higher income from financing contracts (N14.89 billion) and investment activities (N12.70 billion).Total assets grew… Read full article →

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Dangote and Uganda's Museveni meet to discuss a major East African regional refinery

Nairametrics • May 17, 2026

Uganda's President Museveni met with Aliko Dangote in Kampala to discuss a proposed East African regional refinery project, with Dangote committing to lead its construction within four to five years.The refinery's location is still undecided.… Read full article →

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CBN rules give foreign banks a capital advantage over Nigerian lenders, Chapel Hill Denham warns

Nairametrics • May 18, 2026

Investment firm Chapel Hill Denham says CBN's banking framework creates an uneven playing field: foreign banks like Standard Chartered Nigeria and Citibank Nigeria need only N200 billion in capital to operate locally, while Nigerian banks… Read full article →

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Nigeria's FAAC now receives 100% of PSC oil profits after Tinubu's Executive Order 9

Nairametrics • May 18, 2026

President Tinubu signed Executive Order 9 in February 2026, directing NNPCL to remit 100% of Production Sharing Contract (PSC) oil revenues into the Federation Account for distribution through FAAC to federal, state, and local governments.Under… Read full article →

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Brent crude surges above $110 as Middle East tensions threaten global oil supply

Investors King • May 18, 2026

Brent crude rose above $111 per barrel and U.S. WTI traded above $107 as geopolitical tensions in the Middle East, including drone attacks in the Gulf region and threats around the Strait of Hormuz, rattled… Read full article →

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Both Heirs Insurance companies rank in FT's Africa fastest-growing firms list

Business AM • May 18, 2026

Heirs Life Assurance ranked 7th and Heirs General Insurance ranked 41st in the 2026 Financial Times Africa's Fastest-Growing Companies list, which evaluated 130 firms across the continent.The Group attributed its growth to financial stability, product… Read full article →

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Nigerian stock market adds ₦3.35 trillion in weekly gains as ASI hits 250,330 points

Investors King • May 18, 2026

The All-Share Index (ASI) rose 2.27% to close at 250,330.92 points for the week ended May 15, 2026, with total market capitalisation reaching ₦160.44 trillion, a ₦3.35 trillion increase in investor wealth.Trading volume hit ₦374.04… Read full article →

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Nigeria's foreign reserves hit $48.54bn, up $10.2bn year-on-year amid CBN reforms

Techeconomy • May 18, 2026

Nigeria's external reserves have risen to $48.54 billion, increasing by approximately $10.2 billion compared to the same period in 2025, extending a week-long rally in the country's reserve position.The rebound is attributed to improved oil… Read full article →

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NGX investors gain N3.3 trillion in bullish week as index hits 250,330 points

Business AM • May 17, 2026

The NGX All-Share Index rose 2.27% week-on-week to close at 250,330.92 points, pushing market capitalisation to N160.44 trillion from N157 trillion.Year-to-date returns reached 60.87%, with banking, industrial goods and consumer stocks leading gains; Berger Paints… Read full article →

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63% of Nigerians want CBN to cut interest rates as MPC meets May 19–20

Nairametrics • May 17, 2026

The CBN's April 2026 Inflation Expectations Survey of 3,587 respondents found 63.3% want interest rates reduced, 26.0% want rates held, and 10.7% support further tightening ahead of the MPC meeting on May 19 and 20,… Read full article →

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