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Nigerian troops seize over 400 Starlink devices allegedly used by Boko Haram and ISWAP terrorists

Premium Times • May 12, 2026

Troops of Sector 2, North East Operation Hadin Kai intercepted more than 400 Starlink satellite internet terminals allegedly used by Boko Haram and ISWAP terrorists to coordinate operations.Devices were seized during intelligence-driven operations across Sambisa… Read full article →

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Nigerian stock market hits all-time high as All-Share Index reaches N161.6 trillion

Nairametrics • May 13, 2026

On May 12, 2026, the Nigerian Exchange All-Share Index rose 0.77% to close at 252,411.7. This is its highest level ever recorded, with market capitalisation reaching N161.6 trillion across 80,888 deals.Nigerian Breweries led trillion-naira stocks… Read full article →

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Nigeria's debt burden is worsening, with 2026 borrowing plans hitting N29 trillion

Business Post • May 13, 2026

The Nigerian Economic Summit Group (NESG) warns in its May 2026 Debt Burden Monitor that Nigeria's fiscal stress remains high, with the Debt Burden Index (DBI) fluctuating between 76.2 and 79.6 points across 2025, well… Read full article →

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Airtel Money IPO pushed to second half of 2026 as geopolitical tensions rattle markets

Business AM • May 12, 2026

Airtel Africa has delayed the planned IPO of its mobile money unit, Airtel Money, from the first half of 2026 to the second half of the year, citing market uncertainty driven by geopolitical tensions, including… Read full article →

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First Bank director buys N177.9 million in First HoldCo shares as stock rallies

Nairametrics • May 12, 2026

Anil Dua, a non-executive director on First Bank of Nigeria's board, purchased 2,558,259 ordinary shares of First HoldCo Plc worth N177.9 million at N69.56 per share on May 11, 2026, on the Nigerian Exchange in… Read full article →

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MTN Nigeria posts 41.7% revenue growth in Q1 2026, leading all 16 MTN markets

Technext • May 12, 2026

MTN Nigeria is MTN Group's most profitable market, recording N355.5 billion in profit in Q1 2026 with service revenue growing 41.7%, outpacing MTN Ghana (35.7%), MTN Côte d'Ivoire (18.3%), and MTN Cameroon (14.4%).MTN Group's total… Read full article →

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Heirs Insurance launches Prince AI, Nigeria's first multi-language generative AI insurance assistant

Techeconomy • May 12, 2026

Heirs Insurance Group has launched Prince AI, described as Nigeria's first multi-language generative AI assistant for the insurance industry, available on WhatsApp, the SimpleLife Mobile App, and the Heirs Insurance website.Prince AI supports multiple languages,… Read full article →

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First HoldCo seeks shareholder approval to raise N253 billion, targeting N1 trillion capital base

Nairametrics • May 12, 2026

First HoldCo Plc, parent of First Bank of Nigeria, is seeking shareholder approval at its 14th AGM on May 29, 2026, to raise up to N253.099 billion in fresh equity capital through public offerings, private… Read full article →

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Dangote Refinery eyes $5 billion share sale at $50 billion valuation on Nigerian stock market

Investors King • May 12, 2026

Aliko Dangote is planning to sell up to 10 percent of the Dangote Petroleum Refinery & Petrochemicals through the Nigerian stock market, potentially raising about $5 billion in what could be one of Africa's largest-ever… Read full article →

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GitHub adds AI-integrated secret scanning to catch leaked credentials automatically in code pipelines

InfoQ • May 12, 2026

GitHub has made secret scanning through its MCP Server generally available, allowing AI tools and automated systems to detect and respond to exposed credentials such as API keys and tokens directly within development workflows.The integration… Read full article →

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Arthur Hayes says bitcoin bull market is back, targets $126,000 return

CoinDesk • May 12, 2026

Arthur Hayes, CIO of crypto fund Maelstrom and BitMEX co-founder, declared the bull market has resumed and his fund is at maximum risk exposure, with bitcoin having bottomed at $60,000 earlier this year.Hayes argues bitcoin… Read full article →

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Google confirms AI was used to build a real-world cyberattack for the first time

Cointelegraph • May 12, 2026

Google's Threat Intelligence Group identified what it believes is the first confirmed case of hackers using AI to develop a zero-day exploitz, a previously unknown vulnerability that bypasses two-factor authentication (2FA) on a popular web-based… Read full article →

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NESG warns Nigeria's debt stress remains high despite a 2024 improvement in headline figures

Techeconomy • May 12, 2026

Nigeria's Debt Burden Index (DBI), a measure of fiscal stress, fell to 70.9 points in 2024 from a record 83.6 in 2023, but the NESG says this reflects temporary relief in debt servicing costs, rather… Read full article →

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Renaissance Africa Energy targets 500,000 barrels per day by 2030 while expanding community healthcare

Business Post • May 12, 2026

Renaissance Africa Energy Company, operator of the NPC/Renaissance/TotalEnergies/AENR Joint Venture, has announced plans to grow crude oil production to 500,000 barrels per day by 2030, up from its current contribution of over 200,000 barrels per… Read full article →

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Custodian Investment shareholders approve N2.75 dividend per share at 31st AGM

Investors King • May 12, 2026

Custodian Investment Plc shareholders approved a total dividend of N2.75 per ordinary share for the 2025 financial year at the company's 31st Annual General Meeting held virtually on May 8, 2026.The payout comprises a final… Read full article →

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Two severe Linux vulnerabilities allow root access, with exploit code already circulating online

Ars Technica • May 11, 2026

A vulnerability called 'Dirty Frag' lets low-privilege users, including those on virtual machines, gain full root control of Linux servers, with exploit code leaked online and working reliably across virtually all Linux distributions.The exploit is… Read full article →

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Fidelity Bank posts N1.52 trillion gross earnings in 2025, joins trillion-naira market cap club

Nairametrics • May 12, 2026

Fidelity Bank reported profit before tax of N347.662 billion for the full year ended December 31, 2025, down slightly from N385.215 billion in 2024, despite gross earnings surging 45.65% year-on-year to N1.52 trillion.Growth was driven… Read full article →

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Nigerian stock market gains ₦6.40 trillion in single session as institutions return

Investors King • May 12, 2026

The All-Share Index rose 2.33% to close at 250,481.42 points, pushing market capitalisation from ₦153.86 trillion to ₦160.25 trillion, a ₦6.40 trillion single-day gain.Institutional investors drove the rebound, with First HoldCo Plc leading value trades… Read full article →

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Unilever Nigeria approves N18.67 billion dividend after doubling net profit in 2025

Nairametrics • May 12, 2026

Unilever Nigeria shareholders approved a final dividend of N3.25 per share, totalling N18.67 billion, at the company's AGM held on May 8, 2026, in Lagos.The payout follows a strong 2025 financial performance: turnover rose 43%… Read full article →

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NAICOM launches crackdown on fake insurers under new 2025 reform law

Business AM • May 11, 2026

Nigeria's insurance regulator, NAICOM, is intensifying enforcement against unlicensed operators, mis-selling, and unlawful rate-cutting under the Nigeria Insurance Industry Reform Act (NIIRA) 2025.NAICOM met with the Association of Registered Insurance Agents of Nigeria (ARIAN) to… Read full article →

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Binance opens institutional crypto loans to all verified VIP clients with higher leverage

Crypto News • May 11, 2026

Binance has expanded its Institutional Loan product to all KYB-verified VIP clients starting from VIP 1 status, removing the previous VIP 5 requirement.Eligible borrowers can now access up to 5x leverage, fixed-rate loan terms of… Read full article →

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OPay targets a $4 billion U.S. IPO that could reshape African fintech's global standing

Investors King • May 11, 2026

OPay is reportedly preparing for a U.S. stock market listing at a valuation of approximately $4 billion, working with Citigroup, JPMorgan Chase and Deutsche Bank on the process, though no official filing has been made… Read full article →

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NESG warns Nigeria's debt risks remain high despite surface-level fiscal improvements in 2025

Nairametrics • May 11, 2026

The Nigerian Economic Summit Group (NESG) released an assessment warning that Nigeria's fiscal condition remains fragile, with its Debt Burden Index (DBI) projected to stay elevated and volatile throughout the year, rising to 78.4 points… Read full article →

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Nigerian stocks up 1% last week; analysts flag five undervalued picks for investors

Premium Times • May 11, 2026

Nigerian equities gained 1% last week, driven by demand for Industrial Goods shares, with the benchmark equity index returning 57.3% in under four months of the year.Analysts at Meristem Securities say investor positioning will favour… Read full article →

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Oil prices top $105 as U.S.-Iran tensions threaten global supply routes

Investors King • May 11, 2026

Brent crude rose 3.9% to $105.33 per barrel and WTI gained 4.6% to near $100 after U.S. President Donald Trump rejected Iran's latest response to a peace proposal, reversing earlier market optimism about a diplomatic… Read full article →

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Nigeria's external reserves dropped $855 million in five weeks, now at $48.33 billion

Nairametrics • May 11, 2026

Nigeria's gross external reserves fell from $49.18 billion on April 1, 2026, to $48.33 billion by May 7, 2026, a decline of approximately $855 million or 1.74% over 36 days, according to CBN data.Despite the… Read full article →

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Dangote eyes $15–17 billion refinery in Kenya's Mombasa to supply East Africa

Investors King • May 11, 2026

Aliko Dangote is considering building a 650,000 barrels-per-day refinery in Mombasa, Kenya, citing the city's deeper port infrastructure and Kenya's larger fuel consumption market over rival site Tanga in Tanzania.The project is estimated to cost… Read full article →

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Nigeria's five biggest banks hit N17.3 trillion combined revenue in 2025

Business AM • May 11, 2026

The FUGAZ banks First HoldCo, Access Holdings, UBA, Zenith Bank, and GTCO collectively earned over N17.3 trillion in gross revenue for the full-year 2025, one of the strongest performances in Nigerian banking history.Growth was driven… Read full article →

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Nigeria's top four breweries post N2.8 trillion combined revenue in 2025, up 48%

Vanguard (Business) • May 11, 2026

Nigerian Breweries, Guinness Nigeria, International Breweries, and Champion Breweries recorded combined revenue of over N2.8 trillion for the year ended December 31, 2025, up 48.1% from N1.89 trillion in 2024, according to filings with the… Read full article →

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Seven major Bitcoin mining pools controlling 75% of hashrate back new open standard

CoinDesk • May 11, 2026

Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have joined the Stratum V2 working group, an open-source protocol that shifts block construction decisions from pool operators to individual miners.Under the current Stratum V1… Read full article →

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