Vandals Destroy 20 Electricity Transmission Towers in Nigeria
At least 20 electricity transmission towers were vandalised in Nigeria between January and August 2026, causing N8 billion monthly losses and prompting calls for stronger security.
Category : Business
ECOWAS $65,000 Startup Funding: Step-by-Step Guide for Nigerians
ECOWAS opens applications for its $65,000 Startup Awards until August 31, 2026. Nigerian startups in six sectors can apply. Winners get up to $30,000 plus mentorship.
Malawi Visa on Arrival: 160 Countries Eligible, Nigeria Must Apply in Advance
Malawi updated its visa lists on August 6, 2026: 160 countries get visa on arrival, but Nigeria and 46 others must apply in advance. Fees: $50 transit/single, $150/6 months, $250/year.
Dangote Refinery Cuts Petrol Price After Hike as Depots Reduce Rates
Dangote Refinery and several depots reduced petrol prices 24 hours after a hike, offering relief to motorists amid volatile global oil markets.
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Geregu Power: Revenue and Profit Mask Cash Flow Problem
Geregu Power's revenue and profit grew but cash flow worsened as receivables surged, raising concerns about liquidity and dividend sustainability.
Insurers Raise N720bn as Recapitalization Court Cases Loom
Nigerian insurers raised N720bn in recapitalization, but experts warn court cases could disrupt the process and affect the industry's stability.
Self-Service Fuel Stations Launch in Nigeria to Curb Under-Dispensing
Sunbeth and A.A. Rano launch self-service fuel stations in Nigeria, promising transparency and convenience, but workers raise unemployment concerns amid regulatory oversight calls.
Nearly Half of Nigerian Households Hit by Job, Business Losses
A new report reveals that 46% of Nigerian households experienced job or business losses in the past year, highlighting severe economic strain across the nation.
South Africa Launches ETA Visa System for Four Countries
South Africa's new Electronic Travel Authorisation (ETA) system launched on August 12, 2026, initially serving travellers from China, India, Indonesia, and Mexico, aiming to boost tourism and border security.
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Dangote Refinery Warns High Crude Prices May Raise Fuel Costs
Dangote Refinery warns that high domestic crude prices could increase fuel costs for Nigerians, citing NUPRC data and DCSO framework challenges.
Consumer Goods Selloff Wipes N1.76trn from NGX Market
Consumer goods stocks selloff erased N1.76 trillion from NGX on August 13, 2026, as market capitalisation fell to N65.99 trillion amid sustained losses.
CBN Hikes Rates to 17.59% Despite N4.4trn Bid vs N700bn Offer
CBN raised its lending rate to 17.59% in a recent auction, despite a N4.4 trillion bid against a N700 billion offer, signaling tight liquidity.
South Africa Opens Digital Visa System to 4 Countries
South Africa launches Electronic Travel Authorisation for China, India, Indonesia, Mexico. President Ramaphosa unveiled the ETA at OR Tambo Airport, aiming to boost tourism and border security.
Naira Hits N1,360, Strongest Since June
The naira appreciated to N1,360 per dollar at the official market, its strongest level since June, driven by improved dollar supply and CBN interventions.
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ECOWAS Targets $294B Climate Finance Gap, Pushes Carbon Market
ECOWAS aims to close a $294 billion climate finance gap by 2030, advancing a regional carbon market framework to attract investment and boost resilience.
Ex-Corps Members Urge FG to Boost NYSC Funding, Rehabilitate Camps
Reform NYSC Campaign urges FG to prioritize funding and camp rehabilitation, warning proposed reforms could push annual costs above N1 trillion.
FG Unveils Agric Mechanisation Policy, Targets 4,000 Tractor Plant
The Federal Government has launched a National Agricultural Mechanisation Policy, aiming to establish a tractor assembly plant with 4,000 units annual capacity to boost farming productivity.
NGX Agro Stocks: Buy, Hold, Wait, Avoid in H2 2026
NGX agro stocks in H2 2026: Okomu and Presco rated buy, others hold or wait. Repositioning for earnings growth.
FG: Creative Sector to Add 2.3% to GDP, 2m Jobs by 2030
Nigeria's creative sector will contribute 2.3% to GDP and create 2 million jobs by 2030, according to the Federal Government's new plan.
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Nigerian Stocks Lose N1.76 Trillion as Profit-Taking Hits NGX
Nigerian stocks lost N1.76 trillion on Wednesday as the NGX All-Share Index fell 1.12% to 243,967.09 points, driven by profit-taking in BUA Foods and Unilever.
BigWhizz Reloaded Cast: Chicken Republic and Chowdeck's Campaign
Chicken Republic and Chowdeck launch BigWhizz Reloaded with a cinematic poster and food cast, featuring Smokey Jollof as the lead and introducing two drinks.
Vodacom appoints ex-Airtel Africa CEO to board
Vodacom Group has appointed Segun Ogunsanya, former Airtel Africa CEO, as an independent non-executive director, effective January 2026.
NZ Names 4 Pacific Nations Eligible for 2026 Special Visa
New Zealand Immigration has named Fiji, Kiribati, Tonga, and Tuvalu as the only countries eligible for the 2026 Pacific Access Category Resident Visa ballot, with 650 spots available.
NGX Woos Hong Kong Investors, Pushes Chinese Firms for Dual Listings
Nigerian Exchange woos Hong Kong investors, promotes dual listings for Chinese firms to boost capital inflow and market liquidity.
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Royal Salt Rewards 520+ Nigerians, Crowns 20 Millionaires
Royal Salt Ltd concluded its Mr. Chef Market Runz campaign, rewarding over 520 Nigerians, including 20 grand prize winners who each received ₦1 million at the Lagos finale.
African Golden Visas: Costs and How Nigerians Can Qualify
Several African countries launched or expanded golden visa programmes in 2026, offering residency or citizenship for investments ranging from $90,000 to $10 million, with Nigerians eligible to apply.
Ridima Simplifies Crypto-to-Naira Conversion in Nigeria
As Nigeria's crypto economy expands, Ridima is streamlining crypto-to-Naira conversions, offering faster and simpler transactions for users.
Jumia Raises $50M Led by IFC, Q2 Revenue Up 14%
Jumia secured $50 million in funding led by IFC, with Q2 revenue rising 14% to $36.5 million, signaling growth in African e-commerce.
Big 6 Audit Firms Earn N175bn, PwC Leads, KPMG Follows
Nigeria's Big 6 audit firms earned N175 billion in 2025, with PwC leading in client numbers and revenue, according to a new report.
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Naira Dips to N1,364/$ Yet Among Africa's Top 10
The naira weakened by N4.75 to N1,364.89 per dollar on August 11, 2026, yet its 0.58% July gain placed it among Africa's top 10 best-performing currencies, with reserves at $52.14bn.
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