PROSHARE MARKETS

What to Expect from the Markets this Week – 090625 - According to reports, six depot owners reduced petrol prices due to heightened competition from the 650,000 barrels per day Dangote refinery. Source Proshare Read More

NGX Group Chairman Urges Bold Economic Reforms at FLOC 2025 Summit in Kano - Speaking at the 2025 FLOC Summit in Kano, the Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji Dr. Umaru Kwairanga, delivered a speech on the theme: “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Were, Where We Are, and Where We Should Be in the Next Decade. Source Proshare Read More

PROSHARE ECONOMY

Afreximbank Downgrade is a Wake-Up Call for Economic Diplomacy - Across African financial and policy boardrooms a midweek development is being processed. It is news that Fitch Ratings has downgraded the African Export-Import Bank (Afreximbank) to BBB. The new rating is just a notch above junk status. This development is a quiet thunder for the financial analysts. Source Proshare Read More

Tinubu to Sanwo-Olu: It’s All over Now, All is Forgiven - President Bola Tinubu, this afternoon, told the Lagos State Governor, Babajide Sanwo-Olu, he was no longer angry with him and that “all his sins” had been forgiven. Source THISDAY Read More

Institutional failures caused $700m water project flaws – W’Bank - The World Bank has blamed weak institutional capacity at the sub-national level for the failure of Nigeria’s $700m Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme. Source Punch Read More

FG to announce new railway plan to connect multiple cities - Kayode Opeifa, managing director of the Nigeria Railway Corporation (NRC), says the federal government will soon announce a major railway expansion plan, with new lines connecting multiple cities across the country. Source TheCable Read More

NCDMB boss: 90% of Nigeria content intervention fund has been repaid - The Nigerian Content Development and Monitoring Board (NCDMB) says 90 percent of the Nigeria content intervention (NCI) fund, managed by the Bank of Industry (BOI), has been repaid. Source TheCable Read More

Tin Can Island Port generates over N124bn revenue in May - In continuation of its primary roles of trade facilitation, anti-smuggling activities and revenue generation, the Tin Can Island Port Area Command of the Nigeria Customs Service yesterday said that it generated over N128.446 billion in May. Source The Sun Read More

PROSHARE BUSINESS

2025 Ecobank Adire Lagos Exhibition Fair Opens in Grand Style, with Over 130 Vendors Showcasing Diverse Range of Designs - Ecobank Nigeria has officially launched the much-anticipated fourth edition of its Adire Lagos Exhibition Fair, a vibrant cultural and commercial event dedicated to promoting Nigeria’s indigenous fashion industry and supporting Small and Medium Enterprises (SMEs). Source Proshare Read More

Petrobras eyes Nigeria, others for oil exploration - Brazil’s state-run oil giant, Petrobras, has declared its ambition to make Africa its principal region of development outside South America, with a major push into deepwater exploration. Source Punch Read More

Nigeria makes first crude oil export from Otakikpo onshore terminal - In a historic moment for Nigeria’s oil and gas industry, the new Otakikpo crude oil terminal, the country’s first indigenous onshore crude export facility in over five decades built by Green Energy International Ltd “GEIL” operator of Otakikpo field concluded the first export on Sunday, June 8, 2025. Source The Nation Read More

Truckers seek support for NPA’s e-call up system - The Association of Maritime Truck Owners (AMATO) has expressed confidence in the electronic call-up system introduced by the Nigerian Ports Authority (NPA), maintaining it has tackled the gridlock on the Apapa and Tin-Can port access roads. Source Guardian Read More

PROSHARE TECHNOLOGY

Starlink is now live in the Democratic Republic of Congo, its 22 African country - Starlink has officially launched its services in the Democratic Republic of Congo (DRC). This marks a significant step toward closing the country’s substantial connectivity gap. The announcement follows the Congolese Postal and Telecommunications Regulatory Authority (ARPTC) granting a telecommunications licence to Starlink DRC S.A., a locally registered subsidiary, on May 2, 2025. Source Technext Read More

With $13 billion Trade Deals Binding Them, U.S.-Nigeria Handshake’ll Unlock Startup Ecosystem – Mills - The United States and Nigeria view deepening people-to-people ties as the foundation of their relationship. Source Techeconomy Read More

Meta in talks over Scale AI investment that could exceed $10 billion, Bloomberg reports - Meta Platforms (META.O), opens new tab is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. Source Reuters Read More

PROSHARE FINANCE

NLNG Launches Human Capital Devt Programme Under Train 7 Project - NLNG says it is committed to building Nigerian capacity as it launches its Train 7 Project Human Capital Development (HCD) Basic Training Supplementary Programme in Port Harcourt. Source Leadership Read More