Finding a self-contained apartment in Lagos for N150,000 to N250,000 yearly is increasingly difficult. Areas like Ikorodu, Agege, Badagry, and Alimosho offer potential options, but actual rents often exceed N250,000.
Mauritius requires self-employed foreigners to earn at least MUR 3 million (about N86.7 million) over three consecutive years to qualify for permanent residency, setting a high financial bar for applicants.
The UAE Ministry of Human Resources and Emiratisation has set a minimum monthly salary of AED 4,000 for workers across all nine professional levels, based on the International Standard Classification of Occupations.
China has expanded its visa-free transit programme to 57 countries, adding Kyrgyzstan and Vietnam. Nationals can stay up to 10 days when travelling onward to a third destination, effective August 20, 2026.
The Nigerian stock market extended its losing streak to two days on Thursday, August 20, 2026, with investors losing N440.33 billion as profit-taking hit banking, consumer goods, and oil stocks.
Guinness Nigeria has announced that its weak balance sheet is now a thing of the past, as it invests N20 billion in capacity expansion and new product launches to drive growth.
Nigeria’s goal of reaching a trillion-dollar economy by 2030 faces a critical human capital deficit, with poor education and healthcare outcomes threatening productivity and growth.
Guaranty Trust Holding Company Plc (GTCO) has secured NGX approval to extend the deadline for its H1 2026 audited results to September 30, 2026, subject to regulatory clearance.
Mauritius has disclosed that foreigners must invest at least USD 375,000 (N505 million) in a qualifying business activity to obtain a 20-year residence permit, targeting high-net-worth individuals.
Residents in Lagos and Ogun State are calling on regulators to act as cooking gas retail prices remain far above depot rates, with consumers paying up to N1,500 per kg despite Dangote Refinery cutting its gantry price to N950 per kg.
Canada has published a fast-track immigration pathway allowing foreign medical doctors with provincial or territorial nomination to obtain a work permit within 14 days, enabling immediate work while PR is processed.
Nigeria's federal government will commence a 90,000km fibre optic cable rollout in October 2026, aiming to boost broadband penetration and digital economy growth, according to Minister Bosun Tijani.
MultiChoice Nigeria CEO Kemi Omotosho confirmed that pricing, content, and channel packaging for DStv and GOtv remain locally decided, not by CANAL+ in France, following the September 2025 acquisition.
Nigerian petroleum depots, including Dangote Refinery, raised PMS prices by up to N30 per litre, pressuring filling stations to increase pump prices across the country.
Dangote Refinery increased PMS gantry price by ₦20 to ₦1,185 per litre effective August 21, 2026, while Lagos depot prices range from ₦1,190 to ₦1,200, keeping Dangote's price below market benchmarks.
Tony Elumelu's $500 million investment in Seplat Energy has more than doubled in value, now exceeding $1 billion, driven by strong oil and gas sector performance and strategic growth.
China has set a minimum annual salary of CNY 1,500,000 (about N300 million) for foreigners to qualify for permanent residence after four consecutive years of high earnings.
Tonya Lawani, a Nigerian investment banker, has been named a non-executive board member of Iron Capital Asset Management, the firm announced on Thursday.
UBA has appointed Ibrahim Puri as a non-executive director, effective August 20, 2026, bringing extensive financial and governance experience to the board.
Nigeria’s digital postcode system will launch on October 1, 2026, replacing the old analog system to improve mail delivery, emergency response, and e-commerce accuracy across the country.
Finance Minister Taiwo Oyedele presented a Reform Scorecard covering 11 major economic changes from May 2023 to December 2025, including fuel subsidy removal, FX unification, and tax reforms.
FirstBank of Nigeria Limited has launched a nationwide pensioners' roadshow to educate retirees on the Approved Pension Settlement Framework (APSF), a Central Bank of Nigeria initiative enabling full pension lump sum payments to qualifying pensioners.
Petrol prices at Nigerian depots rose on August 20, 2026, as international crude oil costs climbed above $90 per barrel, with Dangote Refinery adjusting its price to N1,168 per litre.
Vale, a Nigerian fintech company, recorded 10,000% growth in transaction volume, with customer transactions nearing ₦1 trillion, according to its 2025 annual report.
FCMB launches an AI-powered agritech advisory platform in local languages to help Nigerian farmers access real-time agricultural guidance and financial services.
Japan has officially released 16 categories of foreign workers eligible for work visas, covering professions from medical services and research to nursing care and skilled labour.
)
President Tinubu has directed eligible EFCC-recovered funds and unclaimed dividends to NELFUND, boosting the student loan programme. Over ₦242 billion in unclaimed dividends could support more students, but eligibility requirements remain.
Dangote Petroleum Refinery increased its diesel gantry price by N100 per litre to N1,670, effective midnight August 21, 2026, impacting businesses reliant on diesel-powered generators.
Nigerian high-growth companies face a financing gap as they transition from early-stage growth to scale, requiring innovative funding solutions and policy support to unlock their full potential.
Mauritius has disclosed that investors must achieve an aggregate turnover of MUR 45 million (over N1.29 billion) within three years to qualify for a 20-year permanent residence permit, targeting high-net-worth entrepreneurs.