FTSE Russell Halts Nigeria Frontier Market Upgrade
FTSE Russell places Nigeria's reclassification to frontier market status under further review due to concerns over the new T+1 settlement cycle's impact on foreign investors.
Category : Business
Nigeria draws first $1.5bn from $5bn Abu Dhabi deal
Nigeria has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank, Finance Minister Taiwo Oyedele confirmed, to refinance debt and fund infrastructure.
TCN Announces 10-Hour Power Outage in Ondo Communities
The Transmission Company of Nigeria (TCN) has announced a 10-hour power outage affecting Ondo Town and Okitipupa on June 30 for critical upgrade works.
Nigeria Q3 2026 Public Holiday: Eid ul-Mawlid Only
Nigeria will have only one public holiday in the third quarter of 2026: Eid ul-Mawlid, tentatively on August 26, marking Prophet Muhammad's birth.
UI Aspirant with 212 JAMB Score Cries Out, Says She's Doomed
A University of Ibadan aspirant with a JAMB score of 212 cries out online, saying she is doomed as the score may not secure her admission to study Medicine and Surgery.
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5 Ways to Check Flood Risk in Lagos Before Renting
Flooding has affected several Lagos neighbourhoods this rainy season. Here are five simple ways to check if a neighbourhood may be prone to flooding before signing a tenancy agreement.
BUA Denies Rabiu Bid for Kano Pillars
BUA Group has debunked reports that chairman Abdul Samad Rabiu bid N1.5 billion for a 70% stake in Kano Pillars, urging the public to ignore false claims.
Group Defends First Lady's 'Akara' Remarks as Economic Call
A pro-government group defends First Lady Oluremi Tinubu's 'akara' comment as a call for economic empowerment, urging Nigerians to embrace small businesses.
Domestic Airfare Hits N157,552 in May 2026, Kano Most Expensive
Nigerian domestic airfare averaged N157,552 in May 2026, up 0.12% monthly and 20.86% year-on-year. Kano recorded the highest fare at N184,139, while Gombe had the lowest at N135,800.
Man pays N3m annual rent for 2-bedroom flat in Lagos
A Lagos resident pays N3 million yearly for a two-bedroom apartment in Abule Egba, equipped with solar inverter and imported chairs, sparking debate on rental costs.
Bus Fares Rise in Nigeria: City and Intercity Costs Increase
Nigerians paid more for bus transport in May 2026 as city fares rose to N1,431.25 and intercity to N9,699.55, with Ondo and Zamfara recording highest costs.
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Tinubu approves 27 road projects worth ₦3.9 trillion
President Tinubu has approved 27 road projects valued at over ₦3.9 trillion across 15 states, including a ₦1.8 trillion dual carriageway in Niger State awarded to Aliko Dangote.
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Nigeria Ranked World's Most Generous Country in 2025
Nigeria tops the World Giving Report 2025 as the most generous country, with citizens donating 2.83% of income and 89% participating in monetary giving.
Ford Hires Back 300 Engineers After AI Fails
Ford rehires over 300 veteran quality inspectors after AI tools failed to match human expertise in detecting defects and supply issues at manufacturing plants.
Naira Falls Against Dollar as Foreign Investors Exit Nigerian Markets
Nigeria's naira depreciated 0.20% as foreign investors exit amid political uncertainty and hawkish Fed, with FPI dropping 25.9% in May 2026.
NGX Extends Losses: Panic Selling Erases N2.36trn Market Value
The Nigerian stock market extended its losing streak on Monday, with panic selling erasing N2.36 trillion in market value as the NGX All-Share Index fell by 3,682.70 points.
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FG approves ₦286bn for maritime upgrades with pilot boats
The Federal Government approved ₦286 billion for maritime projects, including six pilot boats, firefighting vessels, and Escravos Channel dredging to modernize ports.
N30m Empowerment Fund Unveiled as GiNN 5.0 Attracts 10,000+ Youths
Over 10,000 Nigerian youths gathered at GiNN 5.0 in Lagos, where N30 million was pledged for youth businesses and awards honored young achievers across sectors.
271 Evacuated Nigerians Arrive Lagos from South Africa
271 Nigerians evacuated from South Africa arrived in Lagos on Tuesday, June 30, aboard an Air Peace flight, as part of the Federal Government's response to rising anti-immigration tensions.
Domestic airfare up 20.8% YoY to N157,552 in May 2026
Domestic air travel fare rose 20.8% year-on-year to N157,552 in May 2026, from N130,361 in May 2025, according to the National Bureau of Statistics.
Cooking Gas Price Drops to N1,100-N1,650/kg as Supply Improves
Cooking gas prices have dropped to between N1,100 and N1,650 per kilogram nationwide due to improved supply and lower depot prices, ending months of high costs.
Tinubu Approves ₦3.9 Trillion for 27 Road Projects
President Bola Tinubu has approved 27 major road projects worth ₦3.9 trillion across 15 states to boost infrastructure and economic growth, Minister David Umahi announced.
Naira falls to N1,395/$ in parallel, N1,385 official
The Naira depreciated to N1,395 per dollar in the parallel market from N1,386, and to N1,385 in the official NFEM, widening the gap to N9.
Emir of Zazzau Urges Families to Cut Lavish Wedding Spending
The Emir of Zazzau, Ahmed Nuhu Bamalli, urged families to reduce excessive wedding spending and redirect funds to support the poor, criticizing lavish expenses on makeup and aso ebi amid economic hardship.
FG Urges Marketers to Reduce Petrol Prices Amid Global Oil Drop
The federal government has called on petroleum marketers to reduce petrol prices in line with declining global crude oil prices, but says it cannot fix prices due to deregulation.
Remi Tinubu Responds to Akara Criticism, Unveils N100m for Women
Nigeria's First Lady Remi Tinubu defends small business support after backlash over akara-selling comments, announces N100 million package for 2,000 female traders in Jigawa state.
First Lady Defends Akara Remarks, Cites N100m Grants
Nigeria's First Lady Remi Tinubu defends her akara business advice, revealing N100m distributed to 2,000 petty traders with N50,000 each, dismissing backlash.
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7 flood-prone areas in Lagos every resident must know
From Lekki to Isheri, discover the seven Lagos communities most vulnerable to flooding, why they flood every rainy season and how residents can stay safe.
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5 Reasons Lagos Is Experiencing Worse Flooding in 2026
Heavy rains, blocked drains, rapid urbanisation, rising sea levels, and ageing infrastructure are making Lagos flood worse in 2026, damaging homes, businesses, and roads.
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5 Money Habits for Business Resilience with LiquidCrest
LiquidCrest Microfinance Bank helps Nigerian businesses build five key money habits—separating finances, saving consistently, understanding credit, keeping records, and investing idle cash—to survive and scale.
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