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Nigeria's ₦29.4trn pension fund is still 60% in government bonds, but slowly diversifying

Business AM • May 17, 2026

Nigeria's pension fund assets reached ₦29.43 trillion by February 2026, with about 60% allocated to Federal Government securities and only 14% in domestic equities, according to data from the Pension Fund Operators Association of Nigeria… Read full article →

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Nigerian stock market gains 2.27% for the week, with year-to-date returns hitting 60.87%

Nairametrics • May 17, 2026

The All-Share Index closed the week ended May 15, 2026, at 250,330.92, up 2.27% from the previous week's 244,775.83, with market capitalisation climbing above N160.4 trillion.Top gainers included Berger Paints (+55.57%), SCOA Plc (+45.92%), and… Read full article →

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Nigeria's oil earnings fell N78.7bn in March 2026 despite crude prices hitting $118 per barrel

The Punch (Business) • May 17, 2026

Federation Account receipts from NNPC's Production Sharing Contract (PSC) profit distribution dropped 64.9% month-on-month from N121.34bn in February 2026 to N42.64bn in March 2026 and fell 79.2% compared to March 2025, despite Brent crude crossing… Read full article →

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Abu Dhabi's Mubadala grows Bitcoin ETF stake 16% to $566 million in Q1 2026

Bitcoin.com News • May 17, 2026

Abu Dhabi's Mubadala Investment Company increased its stake in BlackRock's iShares Bitcoin ETF (IBIT) by 16% to 14.7 million shares valued at $565.6 million, as disclosed in SEC filings for Q1 2026.Mubadala has added to… Read full article →

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Strategy plans to buy back $1.5B in debt, may sell Bitcoin to fund it

Bitcoin.com News • May 16, 2026

Strategy Inc. (Nasdaq: MSTR) announced agreements to repurchase approximately $1.5 billion of its 0% Convertible Senior Notes due 2029, with an estimated cash repurchase price of about $1.38 billion, expected to settle on or about… Read full article →

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Nigeria's stock market drops N1.23 trillion as profit-taking drags major stocks lower

Vanguard (Business) • May 15, 2026

The Nigerian equities market fell N1.226 trillion on Friday, with market capitalisation closing at N160.443 trillion, down 0.76 per cent from N161.669 trillion the previous day.The All-Share Index shed 1,912.19 points to close at 250,330.92,… Read full article →

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Microsoft updates Aspire 13.3 with easier cloud deployment, Kubernetes support, and JavaScript tools

InfoQ • May 16, 2026

Microsoft released Aspire 13.3, a major update to its cloud-native application framework, introducing new deployment, observability, and language support features.Key additions include a new 'aspire destroy' command for cleaning up cloud resources across Azure, Kubernetes,… Read full article →

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Nigeria's All-Share Index falls 0.76% on May 15, 2026, marking third straight loss

Nairametrics • May 16, 2026

The Nigerian All-Share Index closed at 250,330.9 on May 15, 2026, down from 252,243.1 the previous session, with market capitalisation easing to N160.4 trillion from N161.6 trillion.Aradel led declines among large-cap stocks, falling 8.69% with… Read full article →

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Binance Research projects tokenized real-world assets could hit $1.6 trillion by 2030

Bitcoin.com News • May 15, 2026

Binance Research published a report on May 15 projecting that tokenized real-world assets could reach $1.6 trillion by 2030, with current penetration across fixed income, equities, real estate, private credit, and commodities at roughly 0.01%… Read full article →

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DMO allots N4.07 billion in May 2026 savings bonds as investors chase longer-term yields

Nairametrics • May 16, 2026

The Debt Management Office allotted N4.074 billion across two FGN Savings Bond instruments in its May 2026 issuance, with the subscription window running May 4–8, 2026 and settlement completed May 13, 2026.The three-year bond (14.525%… Read full article →

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Google replaces reCAPTCHA with Cloud Fraud Defense to fight AI-driven online fraud

InfoQ • May 16, 2026

Google announced Cloud Fraud Defense at its Next '26 conference as the successor to reCAPTCHA, expanding beyond bot detection to cover login, account creation, and payment fraud, including AI-driven identity attacks and account takeovers.Existing reCAPTCHA… Read full article →

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Bit Digital posts $146.7M Q1 loss while doubling down on Ethereum and AI infrastructure

Bitcoin.com News • May 16, 2026

Bit Digital, a Nasdaq-listed crypto firm, reported a $146.7 million net loss in Q1 2026, improving from a $185.3 million loss the prior quarter, with losses driven largely by non-cash mark-to-market adjustments tied to falling… Read full article →

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Bitcoin drops to $78,600 as surging bond yields and inflation fears rattle crypto markets

Crypto News • May 15, 2026

Bitcoin fell to $78,600 on May 15, down roughly 4% from Thursday's high of $82,000. As the US 10-year Treasury yield hit 4.54%, its highest point since May 2025, following hotter-than-expected CPI data of 3.8%… Read full article →

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CBN releases new FX Manual giving extractive firms full export proceeds access from June 2026

Vanguard (Business) • May 15, 2026

The Central Bank of Nigeria (CBN) launched its 4th Edition Foreign Exchange Manual, granting foreign companies in the extractive industry, oil, gas, and mining, 100% access to their export proceeds, up from restricted access under… Read full article →

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Starlink loses subscribers in Nigeria as prices rise and Amazon prepares to compete

Technext • May 15, 2026

Starlink had 66,523 subscribers in Nigeria as of Q2 2025, ranking second behind Spectranet's 99,520. However, its subscriber base fell 14% in the first three months of 2026, contributing to a combined 18,000 customer loss… Read full article →

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Global leaders push to end language barriers online ahead of UA Day 2026 event

BusinessDay Nigeria — Technology • May 15, 2026

Upperlink Limited, ICANN, UNESCO and the Universal Acceptance Steering Group are organising UA Day 2026, a virtual global awareness event themed 'Building a Truly Global, Multilingual #Internet4All,' scheduled for May 18, 2026.Millions of users across… Read full article →

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Fincra gets Bank of Ghana licence to aggregate payments and settle remittances in Ghana

Technext • May 15, 2026

Nigerian payment infrastructure company Fincra has secured an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana, allowing it to aggregate domestic payments, process local transactions, and terminate inbound remittances in Ghanaian Cedis.The… Read full article →

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Nigeria's Impact Investors Foundation launches scorecard to track $8bn inclusive capital roadmap

Business AM • May 15, 2026

The Impact Investors Foundation (IIF) hosted the 4th Gender Impact Investment Summit (GIIS) in Lagos, positioning it as the primary execution platform for Nigeria's $8 billion inclusive capital roadmap targeting women, youth, and persons with… Read full article →

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Dangote Refinery sues to cancel NNPC and marketers' fuel import licences again

Nairametrics • May 15, 2026

Dangote Petroleum Refinery has filed a lawsuit at the Federal High Court in Lagos seeking to nullify fuel import licences issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to NNPC… Read full article →

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Nigeria's oil output hits 1.66 million bpd in April, reaching 99% of OPEC quota

Premium Times • May 15, 2026

Nigeria produced an average of 1,663,413 barrels per day of crude oil and condensate in April 2026, according to provisional data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), a 7.6% increase from 1,546,093 bpd… Read full article →

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Cameroon seeks Dangote's funding and expertise to revive fire-damaged state refinery

Business AM • May 15, 2026

Cameroon's state-owned refinery SONARA, destroyed by fire in May 2019, has been inactive for over seven years and is seeking Dangote Group's technical and financial support to restart operations under a two-year recovery plan called… Read full article →

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Seplat Energy sets N1,370.89/$ rate for naira dividend payments to local shareholders

Investors King • May 15, 2026

Seplat Energy has confirmed an exchange rate of N1,370.89 to one US dollar for shareholders who elected to receive their FY 2025 final and special dividend in naira, using the CBN's Nigerian Foreign Exchange Market… Read full article →

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Coronation Infrastructure Fund posts N1.9 billion profit with 23.27% annualised return in FY2025

Nairametrics • May 15, 2026

Coronation Infrastructure Fund reported total income of N1.9 billion for the financial year ended December 2025, up from N705.6 million in the prior year, driven by interest income of N2.08 billion, a 75.40% increase year-on-year.The… Read full article →

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CBN survey shows Nigerian businesses cautiously expect naira to strengthen in six months

Nairametrics • May 15, 2026

The CBN's April 2026 Business Expectations Survey found overall business confidence at 3.9 index points, with firms optimistic about gradual naira appreciation against the dollar over the next one, three, and six months.The industry sector… Read full article →

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Three malicious versions of a popular Node.js library were caught stealing crypto and cloud credentials

Bitcoin.com News • May 15, 2026

Security firm Slowmist flagged three compromised versions of node-ipc (9.1.6, 9.2.3, and 12.0.1) on May 14, a Node.js library with over 822,000 weekly downloads used widely in Web3 and decentralised app development.The malware automatically steals… Read full article →

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NEM Insurance shareholders approve N1.50 per share dividend at 56th AGM in Lagos

Investors King • May 15, 2026

NEM Insurance Plc held its 56th Annual General Meeting on May 14, 2026, at the MUSON Centre in Lagos, where shareholders adopted audited financial statements for the year ended December 31, 2025.A dividend of N1.50… Read full article →

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Dangote Group plans $45bn investment to reach $100bn revenue by 2030

Premium Times • May 15, 2026

Aliko Dangote announced a $45 billion investment plan covering refinery expansion, a 12-million-tonne LNG project, gas infrastructure, and new refineries in Tanzania, Uganda, and Kenya, targeting $100 billion in annual revenue and eventually $200 billion… Read full article →

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Nigerian stock market drops ₦383 billion as trading volume and institutional activity fall sharply

Investors King • May 15, 2026

The All-Share Index (ASI) fell 0.24% to close at 252,243.11 points, wiping ₦383 billion off market capitalisation, which dropped from ₦162.05 trillion to ₦161.67 trillion.Trading value collapsed from ₦109.44 billion in the previous session to… Read full article →

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NCC trains judges on telecom law as infrastructure attacks threaten Nigeria's digital gains

Techeconomy • May 15, 2026

The Nigerian Communications Commission (NCC) organised a two-day workshop with the National Judicial Institute to train judges on legal issues in telecommunications, held in Lagos.NCC Executive Vice Chairman Dr. Aminu Maida cited rising vandalism, fibre… Read full article →

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PenCom grants pension funds a one-off waiver to invest in Dangote Refinery's upcoming IPO

Nairametrics • May 14, 2026

Nigeria's National Pension Commission (PenCom) issued a circular on May 13, 2026, granting Pension Fund Administrators (PFAs) a special one-time waiver to invest pension assets in the Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) IPO,… Read full article →

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