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SAP Shares Slide to Lowest Since 2024 Amid AI Concerns

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SAP shares fell to their lowest since August 2024, pressured by AI-driven investor concerns, wiping $130B off market value amid global software selloff

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Frankfurt Shares in Germany’s SAP SE extended a months-long downtrend on Wednesday falling to their lowest level since August 2024 and erasing roughly $130 billion from the company’s market value compared with last year’s peak.

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The stock declined 2.4% by 1334 GMT to €233 billion ($273 billion), down from a record high of €344 billion in February 2025.

Analysts attribute the selloff to investor apprehension over the impact of artificial intelligence on SAP’s services business, particularly the potential erosion of billable hours and module pricing.

“Some of the concerns in the market are justified, not about the company’s existential future, but about the value of its services,” said Angelo Meda, portfolio manager at Banor SIM.

He added that SAP must accelerate its transition to cloud-based offerings.

SAP’s cloud revenue forecasts have already shown signs of pressure.

In October 2025, the company projected full-year cloud revenue at the lower end of its guidance, though operating profit was expected near the upper end.

The firm is scheduled to release its latest earnings next week.

Investor sentiment across software stocks has weakened sharply.

Jefferies analyst Brent Thill said software sentiment “has rarely been lower,” with SAP’s valuation approaching historical trough levels.

Frankfurt traders noted that many clients are positioning ahead of the upcoming results, while technical indicators suggest potential further downside.

Also read: Facebook, Instagram And WhatsApp Currently Down

The broader sector trend mirrors pressure in the United States, where the S&P 500 software index has fallen 7.2% in 2026, reflecting heightened uncertainty over AI-driven disruption and the evolving software market landscape.

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NDCCITMA rejects trademark allegations ahead of Niger Delta Summit

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The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has dismissed allegations that it appropriated the Niger Delta Economic & Investment Summit (NDEIS) brand, insisting it lawfully obtained trademark acceptance for the name and will proceed with its 2026 summit as scheduled.

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In a statement issued on September 12, 2026, the chamber described claims by Kunle Nwiwa Junior as “cheap blackmail, misleading, mischievous and a misrepresentation of the facts,” maintaining that it independently developed the summit and followed all required regulatory procedures.

According to NDCCITMA, it applied for and received a Trademark Acceptance Letter for the name Niger Delta Economic & Investment Summit (NDEIS) in August 2025 under File No. NG/TM/O/2025/387284.

The chamber said the chronology of events contradicts allegations that it copied another party’s application, arguing that its trademark acceptance predated the period during which Nwiwa’s own application was reportedly still pending before the relevant authorities.

“Economic Summit” is a generic expression

NDCCITMA further argued that the phrase “Economic Summit” is a generic description widely used for conferences that bring together governments, investors, businesses, development institutions and other stakeholders to discuss investment and economic development.

The chamber maintained that while concepts may be widely used, legal protection only arises from recognised intellectual property rights, including duly registered trademarks and other enforceable proprietary interests.

It therefore rejected suggestions that any individual or organisation has exclusive ownership of the broader concept of an economic summit.

Court grants interim injunction

Addressing reports that the summit had been halted, NDCCITMA said the dispute is already before the Federal High Court in Port Harcourt and that there is no court order restraining the event.

The chamber disclosed that in Suit No. FHC/PHC/CS/57/2026, Justice Stephen Dalyop Pam granted an interim injunction restraining the defendants—Kunle Nwiwa Junior and Keneva Consult Ltd.—from interfering with the planned summit.

According to NDCCITMA, the court also directed the defendants to remove publications, notices, petitions, social media posts and other statements allegedly considered damaging to the chamber’s name, integrity and reputation pending the hearing of its motion for interlocutory injunction.

The matter has been adjourned until September 22, 2026 for further hearing.

Chamber rejects ₦500 million demand claim

NDCCITMA also alleged that it had received a demand from Nwiwa Junior requesting ₦500 million as a condition for abandoning his claims over the summit.

The chamber said the demand was rejected, adding that it subsequently petitioned the Inspector-General of Police over what it described as repeated harassment and threats directed at its officials.

It said the petition sought police intervention, including inviting the complainant for questioning and caution where necessary.

Summit opens September 15

Despite the legal dispute, NDCCITMA reaffirmed that the 2026 Niger Delta Economic & Investment Summit will hold from September 15 to 17, 2026, at the Obi Wali Conference Centre in Port Harcourt, Rivers State.

The summit will be held under the theme “Driving Investment, Innovation & Industrial Growth in the Niger Delta” and is expected to bring together policymakers, investors, business leaders, development partners and industry stakeholders to discuss economic transformation across the region.

The chamber said it remains committed to promoting commerce, industry, trade, mining, agriculture and sustainable economic development throughout the Niger Delta while allowing the courts to determine all outstanding legal issues.

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AICL Woos Ugandan Investors, Invites Them to ABIE 2027

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AICL asked Ugandan investors Nigeria to use Abuja as an entry point and to attend ABIE 2027, as officials from both countries pushed AfCFTA trade links

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Tinubu to Open Niger Delta Economic Summit in Port Harcourt

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Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth

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