NGX Correction Deepens as Investors Lock In Gains After Record Run
The Nigerian Exchange (NGX) correction deepened as investors locked in gains after a record run, with the All-Share Index declining by 0.5% to 104,000 points.
Category : Business
Nigeria Businesses Lose Time, Money Moving Cash to UK
Nigerian businesses moving cash to the UK lose time and money due to slow, costly processes. New data highlights urgent need for faster, cheaper cross-border payment solutions.
Dangote Refinery Drives 767% Surge in Nigeria's Petroleum Exports to Europe
Nigeria's petroleum exports to Europe surged by 767% in the first half of 2026, driven by the Dangote Refinery's output. The refinery now supplies a significant share of Europe's diesel and jet fuel imports, reshaping global trade flows.
Africa's Boardrooms Get Proof of Governance Impact
A new report provides concrete evidence that strong governance directly boosts corporate performance in Africa, giving boardrooms the proof they need to prioritize reforms.
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Bitcoin Surges Above $80,000 as Treasury Moves Fuel Rally
Bitcoin climbs past $80,000, driven by US Treasury bond yield declines and shifting investor sentiment toward risk assets, according to market analysts.
DStv Stream vs Satellite: Costs and Cheaper Option for Nigerians
DStv Stream and satellite have same monthly prices, but hardware, installation, and internet costs decide the cheaper option for Nigerian households.
Top 10 African Countries with Highest Inflation Rates July 2026
As of July 2026, Zimbabwe leads Africa with a 112.9% inflation rate, followed by South Sudan (72.3%) and Sudan (58.2%). Nigeria ranks 8th at 24.3%, according to the latest data.
Dangote Petrol Supply Hits 2026 Low as Imports Rise 9%
Dangote Refinery's July 2026 domestic petrol supply fell 21% to 25.8 million litres/day, the lowest in 2026, while imports rose 9% and the company raised prices by N20.
N5tn Property in Federal Housing Authority Possession, MD Reveals
The Federal Housing Authority (FHA) manages nearly N5 trillion worth of property, according to its Managing Director, Oluremi Ogunleye, who disclosed this during a recent briefing in Abuja.
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Imported Petrol Gains Ground as Dangote Output Dips in July 2026
Nigeria's domestic petrol supply fell 21% in July 2026, while imports rose 9%, as Dangote Refinery's output declined, according to official data. Despite this, Dangote's ex-gantry price remained N14 cheaper than imported fuel, highlighting ongoing market
Cooking Gas Price Gap: Sokoto N1,575/kg, Lagos N1,325/kg
In July 2026, Sokoto had the highest LPG price at N1,575/kg, while Lagos had the lowest at N1,325/kg, NMDPRA data shows.
CNG Adoption Rises as Oil Marketers Cite Bank-Funded Conversions
Oil marketers report increased CNG adoption in Nigeria, driven by bank-funded vehicle conversion schemes, according to a new industry survey.
Top Equity Mutual Funds in Nigeria July 2026
Discover the best performing equity mutual funds in Nigeria as of July 2026, with top funds delivering up to 45% returns, according to latest industry data.
AFC Launches Climate Fund for Nigeria Infrastructure
Africa Finance Corporation launches a climate-resilient infrastructure fund to mobilise domestic institutional capital for Nigeria's projects, addressing climate risks and infrastructure gaps.
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Chioma Afe: Sustainability as Risk Management Tool
Chioma Afe urges firms to view sustainability beyond CSR, framing it as a critical risk management tool for long-term resilience and value creation.
Dangote Refinery Free Fuel Delivery Expands to 12 More States
Dangote Refinery expands free fuel delivery to Kano, Imo, and nearly 10 more states, boosting nationwide supply and reducing logistics costs.
Banks Filed 92% of Suspicious Reports in 2025, NFIU Data Shows
Deposit Money Banks filed 38,715 of 42,082 Suspicious Transaction Reports received by the NFIU in 2025, about 92% of the total, according to the agency's annual report.
FG Opens iDICE 30,000 Job Training Programme for Youths
The Federal Government has opened applications for the iDICE Skills Training to Jobs Programme 2026, offering 30,000 free training slots in digital and creative skills for Nigerian youths.
TVS expands Nigeria mobility market with global portfolio and local network
TVS Motor Company serves Nigeria's two- and three-wheeler market with HLX, Neo NX, and King models, backed by local partners and global manufacturing scale.
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Coral at The Lofts: Indoor Event Venue at Lekki Beach
Coral at The Lofts, a new fully indoor, air-conditioned event space at Oba Elegushi Private Beach, Lekki, opens for up to 120 guests for parties, corporate events, and more.
FCSL Launches InvestED to Boost Market Literacy
FCSL has launched InvestED, a platform designed to make market literacy a daily habit for Nigerians, empowering individuals with practical investment knowledge and tools.
Nigeria's External Reserves Rise by $7.09bn to $52.66bn
Nigeria's external reserves surged by $7.09 billion year-to-date to reach $52.66 billion as of August 2026, driven by increased oil revenues and portfolio inflows.
FG Rolls Out Free Cooking Gas Cylinders in Akwa Ibom, Targets 1m Homes
The Federal Government launched the National Grassroots LPG Access Programme in Akwa Ibom, distributing 27,000 free cooking gas cylinders to women, targeting one million homes nationwide.
Eko Atlantic Land Price Surges to N2 Billion Per Plot
Land in Eko Atlantic now sells for over N2 billion per plot, up from N180 million in the early 2000s, according to the State of Lagos Housing Market report.
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Africa's 10 busiest airports record 8.35m seats in August
Africa's 10 busiest airports account for 8.35 million seats in August, led by Johannesburg OR Tambo, Cairo, and Addis Ababa, according to OAG data.
Afreximbank Profit Jumps 30% to $535m on Strong Lending
Afreximbank reported a 30% rise in first-half profit to $535 million, driven by a 15% increase in lending. The bank’s net interest income grew 22%.
NGX Correction Offers Fresh Price Discovery After 53.81% Rally
Nigerian equities shift from broad momentum to selective price discovery as NGX All-Share Index declines 1.35% to 239,351.16, with market cap at ₦154.53 trillion.
NGX Stocks Lose N2.1trn as All-Share Index Drops 1.35% in One Week
The Nigerian Exchange (NGX) closed the week bearish as the All-Share Index fell 1.35% to 239,351.16 points, with market capitalisation shedding N2.1 trillion.
Naira Outlook Brightens as Dollar Index Nears 5-Month Low
The naira is poised for gains as the US dollar index approaches a 5-month low, boosting investor confidence in Nigeria's currency outlook.
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Louis Bélanger-Martin: Tyra Banks' Partner and SMiZE & Dream CFO
Louis Bélanger-Martin, Tyra Banks' partner since 2018, serves as CFO of her ice cream brand SMiZE & Dream. The couple lives in Sydney, Australia.
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