NGX stocks gain 0.81% as market cap hits N155.83trn
The Nigerian Exchange All-Share Index rose 0.81% to 241,298.47 points in a four-day week, with market cap up 0.84% to N155.826 trillion.
Category : Business
NNPC, Other Filling Stations Raise Petrol Prices in Abuja
NNPC and other Abuja filling stations increased petrol prices after Dangote Refinery raised ex-depot price to N1,265 per litre, with pump prices now above N1,300.
Cyprus ferry capsizes: 7 dead, 237 rescued off coast
A passenger ferry capsized off northern Cyprus on Sunday, killing at least seven people. Over 260 were on board; 237 rescued. Turkey joins rescue efforts.
Petrol Prices Rise to N1,400 After Dangote Gantry Hike
Major marketers raised petrol prices to N1,310–N1,400 per litre after Dangote Refinery increased its gantry rate to N1,265, despite Brent crude falling to $88.10.
Taraku Mills Revival: Gov Alia Urges Benue Farmers to Boost Production
Benue Governor Hyacinth Alia has urged farmers to increase production as Taraku Mills resumes test-running, promising a stable market for their goods and an end to post-harvest losses.
Toyota Corolla Prices in Nigeria 2026: Full Model Range
Toyota Corolla prices in Nigeria in 2026 range from N4 million for 2005-2008 models to over N40 million for 2024-2026 versions, with estimates varying by year, condition, and mileage.
Nigeria's top CEOs earn over ₦3.9bn in 2026
Executive pay in Nigeria soared in H1 2026, with oil and telecom CEOs earning up to ₦3.9 billion, while banking and manufacturing sectors also offer hefty packages.
Nigerians Spent N3.67trn on Internet Data in H1 2026
Nigerians spent an estimated N3.67 trillion on internet data in H1 2026, a 43% jump from N2.57 trillion in H1 2025, driven by higher consumption.
Redmi Note 17 Pro Max: Battery, Camera, Price in Nigeria
Xiaomi launched the Redmi Note 17 Pro Max globally on August 27, 2026, with a 10,000mAh battery and 100W charging, but no Nigerian price or launch date has been announced.
Atiku Vows $10bn Startup Fund for Nigerian Youths Ahead of 2027
Atiku Abubakar, ADC presidential candidate, pledges a $10 billion startup fund for Nigerian youths, aiming to shift from unemployment to productivity ahead of the 2027 election.
Dangote-Backed Stations Raise Petrol Price to N1,310 in Lagos
Nigerian petrol prices hit new highs as Dangote Refinery-backed stations sell at N1,310 per litre in Lagos, up from N1,205, despite falling crude oil prices.
Pound Selling Rate Falls as CBN Releases New Exchange Rates
CBN selling rate for the pound dropped to N1,816.04 on August 28, 2026, from N1,820.34 the previous day, as the naira strengthened against major currencies.
Former AFAN President Kabir Faskari Dies in Turkey
Architect Kabir Ibrahim Faskari, former head of AFAN and PAN, died in Istanbul, Turkey, after prostate surgery complications. He was Chairman of the Agriculture Business Group. Burial expected in Turkey.
Nigerian Solar Expert Teaches Building Generators for Profit
A Nigerian solar expert on TikTok revealed how anyone can build solar generators with lithium batteries and sell electricity to villages, citing costs and the 2027 subsidy removal.
Nigeria's Cheap Smartphone Era Fades: What ₦100k-₦300k Buys Now
Global smartphone shipments fall 16.7% in 2026, prices rise 27.6%. In Nigeria, ₦100,000 phones now offer basic specs, while ₦150,000-₦300,000 buys more capable devices.
Solar installer reveals true power needs of phone charging business
Nigerian solar installer @mister6_solar shows that 16 power banks and 9 phones draw about 300 watts, warns tubular batteries unsuitable for charging businesses, and recommends lithium batteries with adequate solar panels.
Lagos Trains Millers on Fortified Rice as Global Market Booms
Lagos begins training rice millers on fortified rice production, targeting the global market projected to hit $38.4 billion by 2035. Nigeria's rice consumption is set to reach 8.6 million tonnes in 2025/26.
UAE Work Permit Fees: AED 250 to AED 3,450 by Company Class
UAE work permit fees range from AED 250 to AED 3,450, determined by a company's classification (A, B, or C) based on labour law compliance, wage protection, and worker rights.
TCN Secures $1.4bn to Boost Nigeria's Grid to 8,700MW
TCN has secured over $1.4bn (N1.87tn) in loans and grants, raising transmission capacity to 8,700MW and commissioning 89 transformers, but DisCos' limited uptake remains a challenge.
WhatsApp Business Per-Message Charges: 5 Things to Know
WhatsApp will charge businesses per message from October 1. Here are five essential things every user should know about the new pricing structure.
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inDrive rewards 'Super Mum' driver with brand new car
inDrive Nigeria has rewarded Felicity Eseke, the 'Super Mum' driver, with a brand-new Wuling XC250 2025 for her dedication and resilience in supporting her five children through school.
Jigawa First Lady Empowers Widows With Sewing, Grinding Machines
Jigawa First Lady Dr Amina Umar Namadi distributed sewing and grinding machines to widows in Garki LGA on August 22, 2026, as part of a state-backed empowerment programme to boost grassroots economic independence.
Nigeria’s Dead Capital Could Unlock Trillion-Dollar Economy
Nigeria holds $300–900 billion in dead capital—property without clear title—which could unlock a trillion-dollar economy if formalised, says PwC.
N100,000 in Bank Stocks: 8-Month Returns Compared
First HoldCo turned N100,000 into N269,311 in 8 months, while UBA managed only 6% growth, showing stark disparities in Nigerian banking stocks.
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Lagos businesses get hope as 40MW power plant nears completion
Elektron Energy's 40MW embedded power plant in Victoria Island, Lagos, is almost ready for commissioning, promising reliable electricity and reduced diesel dependence for businesses.
Petrol Prices Rise in Abuja as Dangote Refinery Hikes Gantry Price
Abuja filling stations raise petrol prices to N1,275 per litre after Dangote Refinery increased gantry price to N1,200, IPMAN confirms.
Petrol Price Hits N1,300 After Dangote Refinery’s Fresh Increase
Dangote Refinery raised petrol price to N1,200 per litre, pushing pump prices to N1,300 in some areas. IPMAN says volatility hurts marketers and consumers.
Dangote Suspends Lagos Petrol Supply as Prices Hit ₦1,200
Dangote Refinery suspends coastal petrol sales to Lagos, redirecting supply to areas lacking imports, as prices cross ₦1,200 per litre.
AECAF Backs New WEC Nigeria Leadership, Urges Stronger Global Role
AECAF congratulates Abdulrazaq Isa and Bala Wunti on their WEC Nigeria appointments, urging the new board to champion a balanced energy transition and stronger global influence for Nigeria.
UAE 60-Day Single-Entry Visa: Fees, Urgent Cost, Duration
UAE sets 60-day single-entry visa fees: $325 standard (1-3 working days) or $375 urgent (36 hours). Validity starts on arrival; exit voids visa.
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