Thursday, 30 April 2026
The UAE announced it would leave OPEC on Friday, removing the price floor that funds 90 percent of Nigeria's foreign exchange while Abu Dhabi prepares to pump without quota restrictions.
Nigeria's All-Share Index hit an all-time high of 225,722 points last week as investors gained N5.51 trillion, with gains flowing almost entirely to institutional shareholders and large-cap equity holders.
Afreximbank announced financing for three new Nigerian refineries in the same week OPEC's price coordination capacity began to fracture, the first time African development finance backed new domestic refining capacity.
The Black Book sequel entered production with Severance producer Nicky Weinstock and a 300-person international crew, three years after the original reached No. 3 on Netflix's global chart.
Nigeria's All-Share Index closed at a record 225,722 points last week, delivering a 45 percent year-to-date return that accrued almost entirely to institutional investors and high-net-worth shareholders.
PSG beat Bayern Munich 5-4 in Paris on Tuesday in the highest-scoring Champions League semi-final in history, with Manuel Neuer making zero saves across ninety minutes.
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This Nigerian Life | Nigerian. Life. Explained.
Publishing Editor: Adeyemi EKO
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