Energy Watchdog Backs Dangote Refinery’s Appeal Bid
Energy Watchdog supports Dangote Refinery’s appeal against a court ruling that keeps fuel import licences active, warning it could undermine local refining and Nigeria’s energy security.
Category : Business
Lagos Pure Water Producers Deny Strike, Name Affected Areas
Lagos sachet water producers, under ATWAP, deny a strike, clarifying a 3-day sanitation exercise in Agege, Alimosho, Egbeda, Ifako-Ijaiye, AIT, Alagbado, and Iyana Ipaja.
Ecobank Nigeria Cuts SuperSavers Interest Rates from October 16
Ecobank Nigeria will cut SuperSavers interest rates from October 16, 2026, following the CBN's MPR review. Rates drop by up to 3.18 percentage points across four deposit tiers.
IMF urges Nigeria cash transfers as citizens suffer
IMF says Nigerians are suffering from cost of living, advises Tinubu's government to implement targeted cash transfers and temporary income support for vulnerable households.
Rice Millers Set Minimum Price at N58,000 as FG Targets N55,000
Rice millers say they cannot sell a 50kg bag below N58,000 due to high costs, while the FG proposes N55,000-N57,000, citing production cost of N49,389.23.
NNPCL Cuts Petrol Price to N1,370 in Abuja, Lagos Gets N1,360
NNPCL reduced petrol prices by N35 per litre in Abuja to N1,370, while Lagos stations sell at N1,360, following a weekend hike and amid government discount plans.
UAE Visa 2026: Cost, Requirements and Application Guide
Nigerian passport holders need a UAE tourist visa before travel. GDRFA fees: AED 200 for 30 days, AED 300 for 60 days, plus 5% VAT. Processing takes about 48 hours.
CBN Tightens Insider Lending Rules, Risk-Based Capital Framework
CBN now requires banks to hold capital matching risk exposure, limits foreign subsidiary investments to 10% of shareholders' funds, and deploys AI tools for supervision.
NGX Market Cap Falls to N160.85tn as Equities Decline
NGX market capitalisation fell to N160.85 trillion as All-Share Index closed at 247,736.24 points on Monday, with 405.36 million shares traded.
15 Famous People from Oregon: Groening, Knight, Pauling
Matt Groening, creator of The Simpsons, is the most famous Oregonian. This list covers 15 notable figures, including Nike's Phil Knight, Nobel laureate Linus Pauling, and NBA star Domantas Sabonis.
MTN Rewards Nigerian Customers With Cash Prizes of up to N500k
MTN Nigeria's Zigi Rewards campaign offers cash prizes from N5,000 to N500,000 for customers chatting with its digital assistant, with winners already paid across multiple states.
Dangote Refinery IPO Extended to October 27, 2026
Dangote Petroleum Refinery extends IPO application period by two weeks to October 27, 2026, targeting up to 10 million retail investors and $2.1 billion in proceeds.
NNPC Petrol Price N1,405 Higher Than BOVAS, MRS
NNPC sells petrol at N1,405 per litre, above BOVAS, MRS, Azman, Hariz, TotalEnergies. App discount lowers cost to N1,339 for users.
Dangote, Okonjo-Iweala, Abudu, Burna Boy: Forbes Icons
Four Nigerians—Aliko Dangote, Ngozi Okonjo-Iweala, Mo Abudu, and Burna Boy—made Forbes Africa’s 2026 Icons list, highlighting their distinct paths to global influence across business, trade, media, and music.
TCL unveils 2026 SQD Mini LED TVs and smart home range for Nigeria
TCL showcased its 2026 SQD Mini LED TVs and smart home appliances for Nigeria at its West Africa regional launch in Côte d’Ivoire, highlighting new cooling, refrigeration, laundry and display solutions.
CORAN Backs FG Crude Sales, Demands Petrol Price Ceiling Clarity
CORAN supports FG's crude forward sales to local refineries but demands clarity on who bears costs above the proposed N1,350-per-litre petrol price ceiling, citing loss risks.
FirstHoldCo Tops Zenith, GTCO as 5 Banks Report N2.29trn Profit
Five Nigerian banks posted a combined N2.29 trillion profit before tax in H1 2026. FirstHoldCo led with N653.5 billion, followed by Zenith Bank and GTCO, according to Daily Trust.
Petrol Prices Rise Up to N39 Per Litre in Nigeria
Petrol marketers raised pump prices by up to N39 per litre, with MRS at N1,409, ending a decline. NNPC extends N66 digital discount to October 31, 2026.
Tinubu Hails Lower Transport Fares, Shares New Prices for 3 States
President Tinubu announced transport fare reductions in Abuja, Enugu, and Borno, crediting CNG, electric, and hybrid investments, with fares dropping from N1,500 to N500 in Abuja.
Dettol Nigeria concludes storytelling challenge with 30 winners
Dettol Nigeria rewarded 30 winners in its '12 Hour Protective Shield' storytelling challenge, celebrating personal hygiene stories and reinforcing the brand's link with Nigerian families.
JP Morgan, Absa Set to Enter Nigerian Banking Market
JP Morgan plans merchant banking in Nigeria by end-2026, while Absa weighs a licence upgrade, as forex reserves hit $55bn.
NGX Index Drops 0.97%, Market Cap Falls to N161.26trn
Nigerian Exchange closes week lower: All-Share Index declines 0.97% to 248,363.55 points, market capitalisation falls to N161.260 trillion amid mixed trading.
Dangote Lists Lowest Cooking Gas Price at N980/kg as Depot Rates Emerge
Dangote Refinery lists cooking gas at N980/kg, the lowest among selected depots, while others charge up to N1,170/kg; retail prices remain higher due to distribution costs.
Dangote Refinery Raises Diesel Price by N100 to N1,800
Dangote Petroleum Refinery increased its diesel gantry price by N100 per litre to N1,800, effective October 10, 2026, a 5.88% rise, with depot prices varying up to N2,000.
CBN New Dollar Rate: Naira Stable, Reserves Up
Naira holds steady at ₦1,329.34 official and ₦1,385 parallel in early October. The 4.2% gap costs buyers ₦55,660 extra per $1,000. Stability aids planning but not cheaper goods.
Moove Exits Nigeria, Gives Drivers ₦35bn in Cars
Moove is leaving Nigeria after six years, transferring vehicles worth ₦35 billion to eligible drivers with no further payments from October 2026, following Uber's exit.
NCC Introduces USSD Code to Check Phone Approval Status
NCC launches *315# USSD code for Nigerians to verify phone approval status, following warnings of disconnection for unverified devices after 30 days.
GTBank Only Nigerian Firm in Africa's Top 10 on Forbes 2026 List
GTBank ranked 277th globally and 7th in Africa on Forbes' World's Best Employers 2026 list, making it Nigeria's sole representative in Africa's top 10.
iPhone 18 Pro Max: 35 Months of Minimum Wage in Nigeria
Apple's iPhone 18 Pro Max costs ₦2.459 million in Nigeria, equal to over 35 months of the ₦70,000 minimum wage. Higher storage models reach ₦4.849 million, or nearly 69 months of pay.
NBET Starts N729bn Legacy Debt Payment to GenCos
NBET has begun settling N728.979 billion legacy debts to GenCos and gas suppliers via Series 2 bonds, part of the N4 trillion debt reduction programme, boosting hopes for improved power supply.
Page 2 of 451