OPay Plans NGX Listing, Giving Nigerians Access to Fintech Giant
OPay is set to list on the Nigerian Exchange, allowing local investors access to the fintech that processed $358bn in 2025, with a US IPO targeting $4bn valuation.
Category : Business
Ubi Franklin Claims Tech to End Lagos Flooding
Music executive Ubi Franklin says he has technology to clear blocked gutters and gullies across Lagos, citing his 2018 flood experience, and is ready to meet Commissioner Tokunbo Wahab.
Okin Biscuits Restarts Production in Offa After 17 Years
Okin Biscuits has restarted production at its Offa, Kwara State factory, marking the first time biscuits have come off the line in 17 years. The company confirmed that full commercial production has not yet resumed, with testing and calibration still ongo
UAE Lists 5 Urgent Visa Fee Mistakes Foreigners Must Avoid
The UAE government has identified five common errors foreigners make when paying urgent visa fees, including document issues and timing mistakes that can cause delays.
NGX Falls 0.17% as Investors Sell, Market Cap Loses N260bn
NGX fell 0.17% on Wednesday, ASI down 402 points to 238,682.92, market cap lost N260bn to N154.137tn, with Neimeth and NEM Insurance gaining.
Accord Party's Hashim Vows Petrol at ₦605/Ltr Starting Price
Accord Party presidential candidate Gbenga Olawepo-Hashim has vowed that petrol will sell at ₦605 per litre as a starting sustainable price under his administration, with a long-term target of ₦200 per litre, if he wins the 2027 election.
CSCS Proposes 50% Cut in Retail Lien Fees, Scraps Family Transfer Charges
CSCS proposes halving retail lien fees to 0.125% and removing charges on family transfers, cutting stockbroker costs in Nigeria's capital market.
Dangote Warns as Nigeria's Petrol Imports Hit 43% in July
Nigeria's petrol imports surged to 43% of total supply in July, prompting Dangote Refinery to warn it may export surplus fuel as domestic demand forecasting becomes difficult.
Tourist exposes N30,000 airport ride cost after FAAN bans Uber, Bolt
A tourist revealed he was charged N30,000 for a short Ikeja ride via FAAN's ACHRAMS after Uber and Bolt were banned at Lagos airport, compared to his usual N6,000-N8,000.
Malta Sets 15% Flat Tax on Income Remitted by Permanent Residents
Malta confirms permanent residents must pay 15% tax on income brought into the country, with double tax treaties potentially reducing or eliminating home-country taxes.
MultiChoice CEO Unveils Next Phase with Double Subscription Offers
MultiChoice Nigeria CEO Kemi Omotosho unveils a new growth phase, expanding beyond pay-TV into the creative economy, while DStv introduces flexible streaming options and steps up anti-piracy efforts.
Ikeja Electric Announces Power Outage in Lagos Until September 3
Ikeja Electric begins maintenance at Oworo 3x15 MVA Injection Substation, causing power interruptions in affected Lagos communities until September 3, 2026.
Xiaomi Redmi 17 Debuts with 7,500mAh Battery and 50MP Camera
Xiaomi launches Redmi 17 with a 7,500mAh battery, 50MP camera, and 6.9-inch 120Hz display, available in 4G and 5G versions for Nigerian and global markets.
Crude Oil Drops Nearly 9% as Iran, Oman Reopen Strait
Crude oil prices plunged nearly 9% after Iran and Oman agreed to reopen the Strait of Hormuz, easing supply disruption fears and boosting global market stability.
Heirs Holdings Opens Graduate Trainee Applications for 2026 Cohort
Heirs Holdings opens applications for its 2026 Heirs Academy Graduate Trainee Programme. Eligible candidates need a 2:2 degree, NYSC completion, and must be 27 or younger. Deadline: September 4, 2026.
Naira Hits N1,838/£ as Traders Await US Inflation Data
The naira depreciated to N1,838 per British pound in the official market as traders await US inflation data that could influence global currency markets and capital flows.
SureGifts Report: Nigeria Corporate Rewards Hits N150bn
Nigeria’s corporate rewards economy hits N150bn. SureGifts launches 'Beyond Cash' report revealing trends in employee incentives, customer loyalty, and the shift to digital gifting.
Ogun Community Alarms Over Farmland Invasion, Appeals for Intervention
Residents of Ajogbo Akia in Ogun State report unidentified individuals destroyed crops and ancient palm trees on ancestral land, prompting a police petition and appeal for government intervention.
CBN to Sell N700bn Treasury Bills in Second August Auction
The Central Bank of Nigeria will auction N700 billion in treasury bills today, its second August sale, to manage liquidity and fund government obligations.
Eagle Online Founder Dotun Oladipo Dies at 56
Dotun Oladipo, founder of Eagle Online and CEO of Premium Eagle Media, died Tuesday in Lagos at 56 after falling ill at his office. GOCOP confirmed the news.
Dangote raises petrol price to N1,200 per litre
Dangote Refinery increased petrol gantry price from N1,185 to N1,200 per litre effective August 26, 2026, citing revised pricing for coastal deliveries, potentially pushing pump prices to N1,250.
Dangote Raises Petrol Price to N1,200, Second Hike in 7 Days
Dangote Refinery raised petrol gantry price to N1,200 per litre, its second hike in a week, surpassing Lagos depot rates and prompting expected retail price reviews.
MTN Eyes Banking Licences to Take On OPay, Moniepoint in Lending
MTN Group is exploring banking licences in select African markets to compete with digital lenders like OPay and Moniepoint, CEO Ralph Mupita announced on Tuesday.
NNPCL Raises Petrol to N1,270; Dangote Adjusts to N1,200
NNPCL raises petrol price to N1,270 per litre in Abuja; Dangote Refinery adjusts to N1,200. Experts predict further hikes to N1,300 amid falling crude prices.
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.
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.
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.
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