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.
Category : Business
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 $51.46 billion.
Dangote Plans 1.45m bpd Refinery Expansion
Aliko Dangote plans to expand his refinery to 1.45 million barrels per day, surpassing India's Reliance refinery, boosting Nigeria's fuel exports and reducing West Africa's import reliance by nearly 25%.
Premium Pension, Trustfund Pensions Merge into New Entity
Premium Pension and Trustfund Pensions merge to create Premium Trustfund Pensions Limited, managing nearly N3.08 trillion in assets, becoming Nigeria's third-largest PFA ahead of PenCom's recapitalisation deadline.
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Nigerian Equities Surpass South Korea in Dollar Terms
Nigerian equities have overtaken South Korea to become the world's top-performing stock market in dollar terms, driven by currency reforms and investor confidence.
GTBank Deploys 200,000 PoS Terminals, Removes Processing Fees
GTBank launches 200,000 new PoS terminals and eliminates processing fees for eligible merchants, aiming to challenge fintech giants OPay and Moniepoint in Nigeria's digital payments market.
EKEDC, IBEDC announce power outages in Lagos, Osun
EKEDC and IBEDC have announced power outages in parts of Lagos and Osun State due to flooding and transmission line failures caused by heavy rainfall.
6 Visa-Free Countries for Nigerian Passport Holders in 2026
Nigerian passport holders can visit Senegal, Côte d'Ivoire, Mali, Cape Verde, The Gambia, and Barbados without a visa. Learn entry requirements and travel tips.
Naira Falls to N1,379/$ 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.
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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.
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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46 Visa-Free Countries for Nigerian Passport Holders in 2026
Nigerian passport holders can access 46 destinations visa-free or with visa-on-arrival in 2026, spanning Africa, Caribbean, Asia, and Oceania, but still require visas for UK, US, Canada, UAE, and Schengen.
Slovakia: 120-Day Visas, Stricter Work Permits from July 15
Slovakia will launch 120-day national visas and stricter work permit rules from July 15, 2026, targeting skilled workers while tightening conditions for low-skilled labor.
Dangote Cuts Petrol Price by N1 as Diesel Costs Jump in Lagos
Dangote Refinery reduced petrol price by N1 to N1,075/litre while diesel prices rose by N40 in Lagos. Global crude oil surged to $79.59/barrel, raising concerns of future fuel price hikes.
Bankit Launches Bumper SME Grant and Card Rewards Programme
Bankit Microfinance Bank launches Bumper SME Grant Programme and nationwide card rewards, offering discounts and cashback to cardholders while supporting Nigerian businesses.
Nigerian Petrol Prices May Rise as Oil Surges After US-Iran Hostilities
Global crude oil prices surged over 3% after US-Iran hostilities, pushing Brent to $76.48. Nigerian filling stations adjust pump prices upward as depot costs rise, ending recent reductions.
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Canada 2026 Visa-Free Entry: US Citizens Lead Exempt List
Canada's 2026 entry rules: US citizens and green card holders are visa-exempt. 53 nations qualify for eTA by air; 17 more get conditional eTA. Traditional visas required for others.
15 Richest Texans 2025: Elon Musk Tops List at ~$997 Billion
Elon Musk tops the list of richest Texans in 2025 with ~$997 billion, more than four times the combined wealth of the next two billionaires. Michael Dell ($212B) and Alice Walton ($134B) follow.
Cooking Gas Prices Crash to N980/kg in Nigeria
Cooking gas depot prices in Nigeria have fallen to as low as N980 per kilogram amid fierce competition, offering relief to households after months of soaring costs.
Airtel Africa Hits N5,801 as NGX Surges, Reclaims 55% Threshold
Airtel Africa shares hit N5,801, driving NGX to reclaim a 55% year-to-date return and surging N3.45 trillion in market cap.
Richest Jews in the World 2025-2026: Tech and Finance
Larry Page tops the list of richest Jews in the world with $306 billion in 2026, followed by Sergey Brin. The list includes tech moguls, hedge fund managers, and philanthropists.
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HBM Nigeria appoints Fatima Akilu, Nella Andem-Ewa as directors
HBM Nigeria Plc has appointed peacebuilding expert Fatima Akilu and former Attorney-General of Cross River State, Nella Andem-Ewa, as Independent Non-Executive Directors, effective 1 July.
Customs Surpasses 2025 Revenue Target, Projects N11tn
Nigeria Customs Service surpassed its 2025 revenue target of N5.079 trillion, collecting N6.1 trillion, and projects N11 trillion for 2026.
ONGA Ɗanɗano Seasoning Cube Gains Momentum in North
ONGA Ɗanɗano, a new seasoning cube designed for Northern Nigerian cuisine, is gaining popularity after launches in Yola and Kano, offering convenience and authentic Arewa flavor.
LAWMA clears illegal structures on Badagry Expressway
LAWMA continued enforcement on Badagry Expressway, clearing illegal structures and vehicles from LASU Gate to Okokomaiko to restore order and ease traffic.
Nigeria slashes vehicle import duties in 2026 fiscal policy
Nigeria reduces import duty on used vehicles from 15% to 5% and new vehicles from 20% to 10% under 2026 fiscal measures, as announced by Customs CG Adewale Adeniyi.
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Coca-Cola Nigeria Marks 75 Years with 60cl Anniversary Bottle
Coca-Cola Nigeria celebrates 75 years by launching a 60cl PET anniversary bottle, offering 20% more value on select drinks, with culturally-inspired packaging and consumer activations.
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