Cooking Gas Prices Drop in Lagos, Kano, Enugu as Supply Rises
LPG supply rose to 5.332 KT/D in July 2026, pushing prices down in Lagos, Ibadan, Calabar, Kano, and Enugu. Sokoto saw a slight increase.
Category : Business
Naira Gains 31 Kobo; FX Reserves Cross $54 Billion
The naira appreciated 31 kobo to N1,320.25/$1 at NAFEM on September 8, 2026, as Nigeria's FX reserves surpassed $54 billion, the highest since December 2008.
NZ Medical Treatment Visitor Visa: Cost, Stay, Processing Time
New Zealand's Medical Treatment Visitor Visa allows up to 6 months stay, costs NZD $341, and 80% of applications are processed within 4 weeks.
Petrol Depot Prices Drop Again, See Latest Rates in Lagos, Warri, Calabar
Petrol depot prices in Lagos fell to between N1,266 and N1,280 per litre, but pump prices remain as high as N1,325 in some areas. Several depots cut prices, with Rain Oil recording the biggest reduction of N20 per litre.
NGX: Banking, Insurance Losses Wipe N1.88trn From Investors’ Wealth
Nigeria's equities market fell sharply on Tuesday, erasing N1.88 trillion as banking and insurance stocks led a broad sell-off, with the NGX ASI dropping 1.17% to 244,802.11 points.
Six Nigerian Banks in Africa's Top 20 Lenders by Assets
Six Nigerian banks made Africa's top 20 lenders by assets, led by Access Bank at $36bn. The ranking follows a two-year recapitalisation and ahead of FTSE Russell reinstatement.
APM Terminals, Badagry Port Sign MoU for Deep-Seaport
APM Terminals and Badagry Port Development Limited signed an MoU on September 7, 2026, in Copenhagen to develop the Badagry Deep-Seaport, aiming to boost Nigeria's transshipment hub status.
OyaNow unveils upgraded AI platform, expands with OyaNow Pay
OyaNow unveils upgraded AI-powered platform and OyaNow Pay, expanding its convenience and logistics ecosystem across Abuja and Lagos.
CITN Lists Exemptions From Nigeria's 2026 Presumptive Tax Regime
CITN clarifies who is exempt from Nigeria's 2026 presumptive tax regime, including nano businesses with N12m turnover and registered co-operatives.
Dangote Refinery H1 Revenue Jumps 121% to N19.13trn
Dangote Refinery's H1 2026 revenue hit N19.13trn, up 121.46% year-on-year, with net profit of $1.82bn ahead of its NGX IPO.
How to Buy Dangote Refinery Shares: IPO Opens at ₦5,250
Dangote Refinery's IPO opens Sept 14, 2026. Nigerians can invest from ₦5,250 for 10 shares. Here's a step-by-step guide to subscribe safely.
Canada eTA: 17 Countries Eligible, 3 African Nations Listed
Canada lists 17 countries eligible for eTA instead of visa, including Morocco and Seychelles. Indonesia and Malaysia are new additions.
NGX Regains N160trn as Bargain Hunting Drives Gains
Nigerian stock market opened the week positive, with NGX market capitalization rising by N1.041 trillion to N160.600 trillion, driven by energy sector gains.
Petrol Hits N1,310 in Lagos as Goldman Sachs Warns Oil Could Reach $120
Petrol prices in Lagos rose to N1,310 per litre on Monday, September 7, 2026, as Goldman Sachs warned crude could approach $120 amid Middle East tensions and Strait of Hormuz risks.
ProTaxi Enters Nigeria's E-Hailing Market on October 1
PromiseLand Innovations launches ProTaxi on October 1, 2026, entering Nigeria's e-hailing market with electric vehicles, flexible driver schedules, and safety features.
Visa Launches Enhanced A2A Protect to Stop Fraud Before Money Leaves
Visa unveils enhanced A2A Protect with a unified fraud score, reducing fraud by over 50% and unnecessary alerts by over 40% for banks.
Cheapest Land in Lagos: Epe, Ikorodu, Badagry Lead Growth
Epe, Ikorodu, Ibeju-Lekki and Badagry offer cheaper land in Lagos, with Epe plots from ₦1.5m and Badagry as a long-term bet, backed by state infrastructure plans.
Dangote Refinery IPO: Nigerians Can Own Shares From N5,250
Aliko Dangote launches Dangote Refinery IPO, offering 4.1 billion shares at N525 each to all Nigerians, with a minimum of 10 shares (N5,250). The offer opens September 14 and closes October 13, aiming to raise over N2 trillion.
Ecobank, Verve Launch N20m InnovateX 2026 Youth Challenge
Ecobank Nigeria and Verve have launched InnovateX 2026, a youth empowerment challenge with N20 million in prizes for Nigerians aged 16–25, offering mentorship, resources, and networking.
DStv Unveils New Logo, Colors and Major Subscription Overhaul
DStv announces a major rebrand with new black colors and logo, plus restructured packages from September 17, 2026, including DStv Sports and Movies & Series tiers.
YBPI Praises Ike Family as Blessing to Nigeria
YBPI praises Emeka Ike and ADP VP candidate Chinazam Ike as a family contributing to Nigeria's development across entertainment, business, and politics.
7 Affordable Cars With Low Port Clearing Costs in Nigeria
Importing a Tokunbo car in Nigeria involves clearing fees based on engine size and value. Small cars like Kia Picanto and Hyundai i10 can reduce costs, with 2026 duties at 20% import duty, 5% NAC levy, and 7.5% VAT.
Guernsey Gives £50,000 to Nepal Flood Victims via ShelterBox
Guernsey's Overseas Aid & Development Commission approves £50,000 emergency funding for Nepal flood victims, channeled through ShelterBox, supporting over 1,300 deaths and thousands displaced.
Nigerian Banks Raise Card Limits as Reserves Hit $54bn
GTBank, FirstBank, Zenith, UBA, and Stanbic IBTC raised international naira card limits as Nigeria's external reserves hit $54.08bn, the highest in nearly two decades.
Dangote Gains $1 Billion in 24 Hours, Net Worth Hits $32.5 Billion
Aliko Dangote's net worth rose $1 billion to $32.5 billion on Monday, September 7, 2026, according to Forbes, as investors await the refinery IPO opening September 14.
Dangote's WAEP Targets First Oil in Two Years as Petrol Price Rises
WAEP, Dangote's upstream arm, targets first oil within two years from OML 71/72, supplying the refinery, which raised petrol price to N1,265.
NMDPRA blames petrol price swings on logistics, refining
NMDPRA says petrol price fluctuations stem from logistics, single-source refining, and crude oil sourcing under deregulation, while IPMAN urges government intervention.
Cooking Gas Prices Drop Up to 40% Nationwide in Nigeria
Cooking gas prices in Nigeria have fallen by up to 40% from June peaks, offering relief to households and businesses amid improved supply and government interventions.
Dangote Petrol N45.64 Cheaper Than Imported Fuel
Dangote Refinery's petrol gantry price of N1,265 per litre is N45.64 cheaper than the import-parity benchmark of N1,310.64, per MEMAN data.
NGX All-Share Index Rises 2.36%, Market Cap Hits N106.3trn
The Nigerian Exchange All-Share Index rose 2.36% to 166,129.50 points, with market capitalisation up 2.48% to N106.354 trillion, driven by financial services stocks.
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