AFC, UEFA, CONCACAF demand review of Infantino's FIFA deal
AFC, UEFA, and CONCACAF accuse FIFA of 'fundamental breach of trust' over World Cup stake sale, demand independent review of Infantino's failed proposal.
Category : Business
Lagos Tops FAAC with N365.78bn, Overtakes Oil States
Lagos State received N365.78 billion from FAAC allocations in H1 2026, surpassing oil-producing states, according to a new report.
SEC Launches Campaign to Recover Unclaimed Dividends
The SEC launched a nationwide campaign to help Nigerians recover unclaimed dividends and inherited assets, targeting dormant funds in the capital market.
Solar Imports Hit $400m in 15 African Countries in Q1
Solar imports across 15 African countries exceeded $400 million in Q1 2026, driven by energy crisis and falling panel prices, according to a new report.
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Zedcrest Group Hosts Market Leaders for Global Investing Era
Zedcrest Group convened market leaders to discuss strategies for navigating a new era of global investing, focusing on diversification and emerging opportunities.
Brewers Spend N220bn Fighting for Consumers in H1 2026
Nigerian brewers spent N220 billion on marketing in H1 2026 to win consumers amid economic challenges, a 15% rise from last year.
FCMB Unveils N20bn Fund, Roadmap to Scale Healthcare
FCMB launched a ₦20bn Healthcare Fund at its Lagos summit, aiming to boost private capital and bankability in Nigeria's healthcare sector.
NNPC Cuts Petrol Prices as Private Depots Lower Rates
NNPC reduces petrol prices in Lagos and Abuja, with Lagos seeing N60 cut. Private depots follow, and diesel prices drop by up to N100 per litre.
Private Depots Cut Petrol Prices by N35 Amid Dangote Competition
Private depot operators in Nigeria slash petrol prices by up to N35 per litre, intensifying competition with Dangote Refinery and potentially lowering consumer costs.
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Prabowo Nominates Destry Damayanti as Sole BI Governor Candidate
Indonesia's President Prabowo Subianto has nominated Destry Damayanti as the sole candidate for Bank Indonesia governor, following Perry Warjiyo's resignation, raising concerns about central bank independence.
Nigerian Onion Traders Suspend Exports to Ghana
Nigerian onion traders suspend exports to Ghana, citing alleged harassment and extortion, deepening a trade dispute that threatens regional food supply.
CEPRSD Praises NUPRC Eyesan for 2025 Licensing Round
Nigeria's CEPRSD hails NUPRC's Eyesan for transparent 2025 licensing round, with 143 firms submitting 200 bids for 37 blocks.
NGX Must Dance Carefully Amid Market Volatility
NGX faces volatility as foreign outflows hit N1.2tn, prompting calls for cautious policy to stabilize the market.
Dangote Sets October Deadline for Kenya Refinery
Aliko Dangote plans to start construction of a 700,000 bpd refinery in Kenya by October, a $16 billion project to boost East African fuel supply.
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Tanzania Seeks More Dangote Investments After $800m Cement
Tanzania is seeking new Dangote investments in fertiliser, energy, and industry, building on its $800m cement plant, to boost industrialisation.
Egypt Inflation Rises to 14.9%, Breaking Cooling Streak
Egypt's annual inflation climbed to 14.9% in July, ending a three-month cooling trend, driven by food prices, according to CAPMAS.
Nigerians Borrow More for Houses as CBN Reports Credit Surge
CBN's Q2'26 Credit Condition Survey shows household credit for house purchases rose to 9.6 index points, indicating increased borrowing for homes amid overall credit growth.
FMBN Diaspora Mortgage: Nigerians Abroad Can Get N100m
FMBN launched the NHF Diaspora Mortgage Loan in London on August 7, 2026, offering eligible Nigerians abroad up to N100m at 9% interest, with remote registration and KYC.
Clinoscope Acquires 40M Neimeth Shares for N312M
Clinoscope Ltd acquired 40 million Neimeth shares worth N312 million post-2025 sell-off, raising stake to 7.64%, according to NSE filings.
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Poverty Would Have Doubled Without Tinubu Reforms
National Revenue Service Chairman Zacch Adedeji says Nigeria's poverty rate would have doubled without President Tinubu's reforms, citing economic gains.
Naira Steadies as Euro Stays Below N1580
Naira stability continues as Euro trades below N1580, reflecting CBN reforms' impact on forex market, with analysts predicting sustained calm.
Nigerian Firms Earn N179.5bn from T-Bills, Bank Placements
Nigerian companies raked in N179.5 billion from treasury bills and bank placements in H1 2026, driven by high interest rates, according to Nairametrics.
Rice Prices Crash to N48,000, Local Millers Count Losses
Rice prices crash to N48,000 per 50kg bag in Nigeria, benefiting consumers but hurting local millers as imported rice floods the market.
Bajju UK Europe Launches Education Trust Fund for Scholarships
The newly launched Bajju UK and Europe Association will establish an educational trust fund to provide scholarships for less privileged children in Bajju communities in Southern Kaduna, the group announced at its Manchester launch.
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GMH Luxury Navigates Nigeria Currency Crisis with Commitments
GMH Luxury maintained commitments despite Nigeria's currency crisis, using strategic planning and innovation, according to a company official.
Kano Mass Wedding: 1,500 Widows, Women Married
Kano State Governor Abba Yusuf officiated the mass wedding of 1,500 widows and young women at the Emir's Palace, providing each bride with N200,000 and household items.
Nepal e-Visa Launch Set for August 17, 2026
Nepal will fully launch its e-Visa system on August 17, 2026, allowing online applications and email delivery, reducing queues and processing times.
Fuel Subsidy Could Have Pushed Naira to N3,500/$
NRS Chairman says fuel subsidy removal prevented naira crashing to N3,500/$, citing savings and market stability.
Iran Blocks US Talks, Oil Prices Face Fresh Threat
Iran blocks US talks, keeping Hormuz uncertain; oil prices face fresh threat as supply risks escalate, analysts say.
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Managing Partners of Nigeria's 10 Biggest Audit Firms
Discover the managing partners leading Nigeria's top 10 audit firms, their qualifications, and the firms' market impact, as reported by Nairametrics.
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