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NVIDIA Becomes First Company to Hit $5.5 Trillion Market Valuation Amid AI Boom

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NVIDIA Becomes First Company to Hit $5.5 Trillion Market Valuation Amid AI Boom Artificial intelligence powerhouse Nvidia has become the first publicly traded company in history to reach a staggering $5.5 trillion market valuation , cementing its dominance at the centre of the global AI revolution. The milestone reflects sustained investor enthusiasm for AI infrastructure and semiconductor demand, as global technology firms continue to scale up investments in artificial intelligence systems. Stock Surge Driven by AI Demand NVIDIA’s share price rose by an additional 3% , extending a powerful long-term rally that has reshaped global equity markets. Key drivers of the surge include: Strong global demand for AI chips and GPUs Expanding adoption of generative AI models Continued dominance in high-performance computing infrastructure Investor confidence in long-term AI monetization The company’s stock has now climbed approximately 74% year-on-year , underscoring its central ...
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SEC: Nigeria’s Capital Market Embraces AI-Driven “Intelligent Investing” Era

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SEC: Nigeria’s Capital Market Embraces AI-Driven “Intelligent Investing” Era The Director-General of the Securities and Exchange Commission ( Securities and Exchange Commission Nigeria ), Dr. Emomotimi Agama, has announced that Nigeria’s capital market is increasingly positioning data analytics, artificial intelligence, and technology-driven regulation at the centre of its investment framework. He made the disclosure while delivering a keynote address at the FSDH Investor Conference 2026 held in Lagos on Wednesday, May 13, 2026. Shift Toward Technology-Driven Market Regulation According to Agama, the Nigerian capital market is undergoing a structural transformation driven by digital intelligence systems and advanced data infrastructure. He noted that regulatory oversight and investment decision-making are now being shaped by: Artificial intelligence tools Real-time data analytics Automated market surveillance systems Digital compliance frameworks This shift, he said, i...
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GTCO CEO Says Fintech Threat Has Eased as HabariPay Posts Strong N9.7bn Profit

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GTCO CEO Says Fintech Threat Has Eased as HabariPay Posts Strong N9.7bn Profit The Chief Executive Officer of Guaranty Trust Holding Company ( Guaranty Trust Holding Company ), Segun Agbaje, has stated that the group is no longer concerned about competitive pressure from fintech companies, pointing to the strong performance of its digital payments arm, HabariPay. Agbaje made the remarks during an interview with CEO Ugo Obi-Chukwu on the sidelines of GTCO’s Annual General Meeting (AGM) in Lagos, Nigeria. HabariPay Drives Digital Growth for GTCO According to the CEO, the performance of HabariPay has significantly strengthened GTCO’s position in Nigeria’s fast-evolving digital financial services landscape. In 2025, HabariPay recorded a profit of ₦9.7 billion , marking a major milestone for the subsidiary and reinforcing its role within the group’s broader digital strategy. The result reflects: Increased adoption of digital payment solutions Expansion of merchant and enterprise ...
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Nigeria’s Inflation Projected to Rise to 16.42% in April 2026 Amid Persistent Price Pressures

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Nigeria’s Inflation Projected to Rise to 16.42% in April 2026 Amid Persistent Price Pressures Nigeria’s inflation outlook remains under strain, with headline inflation projected to climb to 16.42% year-on-year in April 2026 , driven by sustained pressure from food costs, energy prices, and elevated global commodity trends. The forecast signals that inflationary pressures continue to linger despite earlier signs of moderation in the broader price environment. FMDA Issues April 2026 Inflation Forecast The projection was contained in the Financial Market Dealers Association (FMDA) Inflation Forecast Report for April 2026 , released on Wednesday, May 13, 2026. The report draws on data inputs from key institutions, including: The National Bureau of Statistics ( National Bureau of Statistics ) The World Bank The Food and Agriculture Organization ( Food and Agriculture Organization ) These combined indicators suggest that domestic inflation dynamics remain closely tied to both l...
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Tinubu, Kagame Meet in Kigali to Strengthen Nigeria–Rwanda Economic and Diplomatic Ties

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Tinubu, Kagame Meet in Kigali to Strengthen Nigeria–Rwanda Economic and Diplomatic Ties President Bola Ahmed Tinubu of Nigeria and President Paul Kagame of Rwanda have held high-level bilateral talks in Kigali, Rwanda, ahead of the Africa CEO Forum, with both leaders reaffirming commitments to deepen cooperation across trade, investment, aviation, and governance reforms. The meeting signals a renewed push to strengthen diplomatic and economic relations between Nigeria and Rwanda, two of Africa’s most influential economies. Revival of Joint Permanent Ministerial Commission A key outcome of the engagement was the agreement to revive the 2021 Joint Permanent Ministerial Commission (JPMC) between both countries. The Commission is expected to serve as a structured platform for advancing bilateral cooperation in strategic sectors, including: Trade and investment Security and governance Infrastructure development Cultural and institutional exchange It was also agreed that Nig...
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NCC: Telecom Operators Invest Over N2.5 Trillion in Network Infrastructure in 2025

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NCC: Telecom Operators Invest Over N2.5 Trillion in Network Infrastructure in 2025 The Nigerian Communications Commission ( Nigerian Communications Commission ) has disclosed that telecommunications operators in Nigeria collectively invested more than N2.5 trillion in network infrastructure in 2025, in a major push to improve service quality and expand coverage nationwide. The regulator said the investments were driven by sustained complaints from consumers over poor service quality, dropped calls, slow data speeds, and network congestion, prompting coordinated industry-wide upgrades. Massive Capital Injection Across the Telecom Sector According to the NCC, Mobile Network Operators (MNOs) accounted for the bulk of the investment, spending over N2.13 trillion on infrastructure expansion, optimization, and technology upgrades. These investments were primarily directed toward: Network densification in urban and semi-urban areas Expansion of 4G and early-stage 5G infrastructure...
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Ekapa Diamond Mine Enters Liquidation as Industry Pressures Mount in South Africa

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Ekapa Diamond Mine Enters Liquidation as Industry Pressures Mount in South Africa The Ekapa Diamond Mine in South Africa has entered liquidation following a combination of severe financial pressures and a fatal mudslide incident earlier this year, marking a significant setback for one of the country’s historic mining operations. The 158-year-old mining operation has been under increasing strain in recent years due to weakening global demand for natural diamonds, rising operational costs, and intensifying competition from synthetic diamonds, which have steadily disrupted traditional gemstone markets. Industry analysts note that the global diamond sector has been undergoing structural change, with lab-grown diamonds gaining wider acceptance among consumers due to their lower prices, ethical sourcing perceptions, and technological advancements in production. These shifts have placed significant pressure on legacy mining operations reliant on natural diamond extraction. Ekapa Diamond...
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