10 Stocks at Massive Discount to Year Highs
These 10 stocks on the Nigerian Exchange are trading at a massive discount to their 52-week highs, offering potential value for investors.
Category : Business
Nigeria FX Market Hits $46.4bn Turnover, Naira Holds Steady
Nigeria's foreign exchange market recorded $46.37 billion in total turnover between March and June 2026, with the naira closing at N1,379.68 per dollar, according to CBN data.
Filling Stations Shut as Petrol Price Hike Fears Spread in Nigeria
Filling stations across Nigeria temporarily shut on July 9, 2026, amid rising global crude oil prices and speculation of petrol price hikes, though PETROAN denies closures are due to price speculation.
Nigeria on 2027 Frontier Market Watchlist by S&P DJI
S&P DJI places Nigeria on 2027 watchlist for possible upgrade to Frontier Market, as Bloomberg ranks Nigerian stock market world's best in dollar terms this year.
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Petrol Prices Rise at Nigerian Depots Amid Middle East Tensions
Nigerian petrol depot prices rise as global crude oil climbs above $76 per barrel due to US-Iran tensions, raising concerns of higher pump prices for consumers.
Zamfara Governor Approves Six-Month Maternity Leave
Zamfara State extends maternity leave to six months for female civil servants to promote exclusive breastfeeding and combat child malnutrition, Governor Dauda Lawal approves policy.
China Bans 7 Items: Nigerians Face Strict Import Rules 2026
China's General Administration of Customs has released a list of seven categories of goods banned from import, including arms, narcotics, and harmful media, warning travelers of legal consequences.
Nigerian Woman Gets £1,599 UK Tax Refund After a Year
Omar Erika, a Nigerian who left the UK in 2024, discovered a £1,599.08 tax refund from HMRC that had been unclaimed since June 2025, prompting her to urge others to check their accounts.
CBN HoldCo Capital Rules May Cause Investor Fatigue
Shareholders warn that CBN's proposed HoldCo capital requirements could lead to investor fatigue, potentially stifling investment in Nigeria's banking sector.
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NGX Adds N962bn as First HoldCo Leads Trading Spree
The Nigerian stock market gained N961.75 billion on Thursday, extending its bullish run as First HoldCo led trading with 1.26 billion shares worth N85.61 billion.
UK Nigerians on £2.6k worse off than N60k earners: Bwala
Presidential aide Daniel Bwala argues Nigerians earning £2,600-£2,800 monthly in the UK may be worse off than those earning N60,000 in Nigeria due to high living costs and lack of social support.
IMF Keeps Nigeria Growth Forecasts at 4.1% and 4.3%
The IMF has left Nigeria's growth projections unchanged at 4.1% for 2026 and 4.3% for 2027, citing improved macroeconomic stability and oil exports, but warns that rising prices for essentials could worsen poverty and food insecurity.
UK Publishes Skilled Worker Visa Fees, Healthcare Surcharge
The UK government has outlined skilled worker visa application fees ranging from £819 to £1,865, plus a healthcare surcharge of £1,035, depending on application location and visa duration.
Jigawa APC Chairman Awards Scholarships to 990 Students
Garki LGA Chairman Hon. Adamu Hudu Kore launches scholarship for 990 indigent tertiary students in Jigawa State, starting with three institutions.
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US New Visa Rule, 124 Nigerians for Deportation
US updates visa application rules; Nigeria Immigration Service ends third-party OIS Services. Applicants now submit directly to Nigerian missions. 124 Nigerians named for deportation.
US travelers to submit Nigerian visa apps directly to embassy
The Nigeria Immigration Service scraps third-party visa service in the US, requiring applicants to submit directly to the embassy in Washington, DC, or consulates in New York and Atlanta.
Oil Marketers Hike Petrol Prices in Warri Depots
Oil marketers increased petrol loading prices at depots in Warri and Port Harcourt, with Matrix Depot in Port Harcourt raising by N50 to N1,150 per litre, while Lagos remained stable at N1,075.
Naira Strengthens as Official, Black Market Rates Narrow Gap
The naira appreciated to N1,370 per dollar at the official market, while the parallel market traded at N1,390, narrowing the gap to N20 as external reserves hit $51.46 billion.
Dangote Plans 1.45m bpd Refinery Expansion
Aliko Dangote plans to expand his refinery to 1.45 million barrels per day, surpassing India's Reliance refinery, boosting Nigeria's fuel exports and reducing West Africa's import reliance by nearly 25%.
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Premium Pension, Trustfund Pensions Merge into New Entity
Premium Pension and Trustfund Pensions merge to create Premium Trustfund Pensions Limited, managing nearly N3.08 trillion in assets, becoming Nigeria's third-largest PFA ahead of PenCom's recapitalisation deadline.
Nigerian Equities Surpass South Korea in Dollar Terms
Nigerian equities have overtaken South Korea to become the world's top-performing stock market in dollar terms, driven by currency reforms and investor confidence.
GTBank Deploys 200,000 PoS Terminals, Removes Processing Fees
GTBank launches 200,000 new PoS terminals and eliminates processing fees for eligible merchants, aiming to challenge fintech giants OPay and Moniepoint in Nigeria's digital payments market.
EKEDC, IBEDC announce power outages in Lagos, Osun
EKEDC and IBEDC have announced power outages in parts of Lagos and Osun State due to flooding and transmission line failures caused by heavy rainfall.
6 Visa-Free Countries for Nigerian Passport Holders in 2026
Nigerian passport holders can visit Senegal, Côte d'Ivoire, Mali, Cape Verde, The Gambia, and Barbados without a visa. Learn entry requirements and travel tips.
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Naira Falls to N1,379/$ Official, N1,400 Parallel Market
The naira fell to N1,379.07 per dollar in the official market and N1,400 in the parallel market on July 8, 2026, amid sustained demand for foreign currency.
Osinbajo Named President of NCF Board of Trustees
Former Vice-President Yemi Osinbajo has been appointed president of the Nigerian Conservation Foundation's board of trustees, succeeding Philip Asiodu after 25 years.
Nigeria Fibre Network: Lagos, Abuja Hold 18% of Deployments
Lagos and Abuja account for only 18% of Nigeria's fibre optic cable deployment, despite being major economic hubs, as new data reveals persistent infrastructure gaps across the country.
TCL Launches 2026 Product Lineup with SQD Mini LED TVs
TCL unveils its 2026 product lineup in Nigeria, featuring new SQD Mini LED TVs with enhanced picture quality and smart features, targeting premium market segment.
Palm Beach Airport Renamed Trump Airport by 2026
A memo claims Palm Beach International Airport will be renamed President Donald J. Trump International Airport on July 9, 2026, with IATA code changing to DJT on August 18, 2026.
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IMF Warns Rising Prices Could Worsen Poverty in Nigeria
The IMF kept Nigeria's 2026 growth forecast at 4.1% but warned higher essential goods prices could worsen poverty and food insecurity, citing improved macroeconomic stability.
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