CBN Opens Second Regulatory Sandbox with Crypto Track
The Central Bank of Nigeria launches its second regulatory sandbox, featuring a dedicated track for crypto firms, aiming to foster innovation while managing risks.
Category : Business
Five Investors Corner 65% of IEI's N25.84bn Public Offer
Five investors acquired 65% of Industrial and Environmental Infrastructure's N25.84 billion public offer, according to Nairametrics. The offer was oversubscribed by 1.5 times.
Nairametrics Launches Wealth Academy to Equip Investors
Nairametrics has launched the Wealth Academy, an initiative to equip investors with practical strategies for wealth creation and financial literacy.
Price Signals: Invisible System Coordinating Markets
Price signals are invisible information systems that coordinate markets by conveying supply and demand, guiding resource allocation, and enabling decentralized decisions without central planning.
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Access Holdings Green Assets Hit N92.14bn, Emissions Cut 28.47%
Access Holdings expands green assets to N92.14 billion and cuts operational emissions by 28.47%, deepening its sustainable finance impact in Nigeria.
Heirs Life Assurance Appoints Pastor Jerry Eze as Director
Heirs Life Assurance appoints Pastor Jerry Eze as Independent Non-Executive Director from August 10, 2026, to boost financial inclusion and insurance adoption in Nigeria.
Norway Launches Job Portal with Over 5,000 Vacancies for Foreigners
Norway has unveiled a dedicated jobs website listing over 5,000 vacancies for foreign nationals, offering a direct route into the Norwegian labour market. The platform, accessible at arbeidsplassen.nav.no, allows international job seekers to browse and ap
Airtel Africa Leads NGX to N1.91trn Market Gain
Nigeria's stock market gained N1.909 trillion on Monday as Airtel Africa rose 8.59%, lifting the All-Share Index to 248,529.75 points.
NMDPRA Advocates Integrated West African Fuel Market
NMDPRA calls for a unified West African fuel market to boost energy security as regional supply chains shift, citing benefits of cross-border cooperation.
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UBA, Mikano Motors Launch Vehicle Financing Scheme
UBA and Mikano Motors unveiled a vehicle financing scheme in Lagos covering up to 70% of new car costs, with 30% deposit and 23% interest over 36 months.
Nigeria to refine all crude locally by 2030, NMDPRA says
Nigeria plans to allocate all crude oil production to domestic market by 2030 as refining capacity expands, says NMDPRA.
Petrol Depot Prices Rise as Brent Crude Hits $90
Petrol depot prices rose in Nigeria on Tuesday, August 11, 2026, with Parker in Warri recording the largest increase of N48 per litre to N1,230, amid a rally in global crude oil prices.
Maldives Launches Job Portal for Foreigners Seeking Work
The Maldives government launched an official careers website listing job vacancies open to foreign nationals, providing a transparent route for global jobseekers to find work.
Terroso Group Partners Global Cold Chain Alliance to Boost Nigeria's Food Preservation
Terroso Group has partnered with the Global Cold Chain Alliance to strengthen Nigeria's food preservation ecosystem, aiming to reduce post-harvest losses and enhance cold chain infrastructure across the country.
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Lagos Tops FAAC Revenue in H1 2026 as Allocations Hit N4.54tn
Lagos State led FAAC revenue in H1 2026 with N365.78bn, a 54.39% surge, as total state allocations rose to N4.54tn, according to Punch.
KudiWave Challenges PalmPay Over N750m Debit, Questions Funds
KudiWave has disputed a N750 million debit by PalmPay, demanding transparency on the destination of funds, according to a statement from the fintech.
Lagos Island 2-Bedroom Rents Hit N17.25m in Ikoyi
Two-bedroom rents in Lagos Island surged to N17.25m/year in Ikoyi, with Ikate up 183.33% since 2022, per Lagos Realty's 2026 report.
Nigeria's $1tn Economy: Is NGX Ready to Finance It?
Nigeria targets a $1 trillion economy, but can the Nigerian Exchange Group (NGX) finance it? Experts discuss capital market readiness, liquidity, and reforms needed.
ECOWAS Startup Awards 2026: $65,000 Prize Pool Open to Nigerians
ECOWAS opens applications for 2026 Startup Awards with $65,000 prize pool. Nigerian startups with 2+ years operation can apply by August 31. Finals in Abuja.
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NANS Opens NANSInnovate 2026 Portal for Student Business Funding
NANS has opened applications for NANSInnovate 2026, offering Nigerian students mentorship, networking, and a pitch competition for business funding. Apply free.
Tinubu: Livestock Sector Key to Africa's Food Security, Growth
President Tinubu says Africa's livestock sector can drive food security and economic growth, citing population growth and demand for animal protein. USDA announces $26.1 million project for Nigeria.
Nigeria's PPP Model Adopted for $3.1bn AfCFTA Customs Deal
Nigeria's Customs Modernisation Project, featuring the B'Odogwu system, has been adopted as the model for AfCFTA's $3.1 billion customs transformation programme, showcasing indigenous tech.
Nigerian Airlines Borrow N60bn for Fuel as Costs Soar
Nigerian airlines have borrowed over N60bn from local banks to buy aviation fuel, with jet fuel prices at 270% of global benchmark, says AON.
UBA CEO Tony Elumelu Moves to Industrial Development Role
Tony Elumelu steps down as UBA CEO to focus on industrializing Africa, leveraging his experience to drive economic transformation across the continent.
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Depot Petrol Prices Rise in Nigeria Amid Crude Oil Surge
Private depot operators in Nigeria raise petrol prices by up to N50 per litre as crude oil nears $90, with Brent at $88.04. Filling stations may increase pump prices if supply disruptions persist.
SA Unemployment Hits 8.5M as Foreign Business Tensions Rise
South Africa's unemployment reached 8.5 million in Q2 2026, a 0.6% increase, as tensions against foreign-owned businesses escalate, according to Stats SA.
UAE Free Work Permit for Private Teachers, Valid 2 Years
The UAE has announced a free private teacher work permit for qualified foreign teachers in private or government schools, valid for two years, with penalties for unregistered tutoring.
Naira Among Top African Currencies in July 2026
The naira ranked among Africa's best-performing currencies in July 2026, according to a report, with the Ghanaian cedi leading the chart.
Founders Rant Returns to Redefine Entrepreneurial Conversations
Founders Rant returns to redefine entrepreneurial conversations with unfiltered stories of building, breaking, and achieving, offering raw insights for founders.
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Mutual Fund Guide: Choosing the Right Investment for Every Goal
First Asset Management explains how to choose mutual funds for different financial goals, emphasizing risk tolerance and investment horizon.
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