Cement firms earn N3.2trn in six months amid price hikes
Nigeria's cement manufacturers generated N3.2 trillion revenue in H1 2026, driven by price increases and construction demand, according to Nairametrics.
Category : Business
Private Depots Match Dangote Petrol Price, Fuel Costs May Drop
Private depots match Dangote's N1,215/litre petrol price, prompting expectations of further pump price cuts across Nigeria as competition intensifies.
Denmark Launches Job Portal for Foreign Workers
Denmark launched workindenmark.dk, an official government website connecting foreign professionals to high-paying jobs with relocation options.
IHS Shareholders Approve MTN Takeover, Await Regulatory Nod
IHS shareholders approve MTN's takeover, with the company now awaiting regulatory approvals to finalize the deal.
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Lekki Port Secures MSC Shipping Service to Global Markets
Lekki Port welcomes MSC's weekly feeder service via Lomé, boosting Nigeria's trade links to Europe, Asia, and the Americas, enhancing import/export efficiency.
AltBank shifts Nigeria's capital debate to allocation
AltBank CEO says Nigeria's capital debate should focus on allocation, not just interest rates, to drive real economic growth and development.
Cooking Gas Prices Crash Nationwide After Massive LPG Imports
Cooking gas prices in Nigeria have fallen by nearly 40% to N1,400/kg, following massive LPG imports and government permit approvals, easing household costs.
Nigeria Business Activity Hits Five-Month High in July
Nigeria's business activity rose to a five-month high in July, driven by private sector growth, according to the NESG.
Beta Glass Names Boye Olusanya Chairman
Beta Glass Plc appoints Boye Olusanya as chairman after Vitus Ezinwa's departure. The board change takes effect immediately, with Olusanya bringing extensive experience.
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Jigawa Approves ₦3.5bn Loan for 2027 Hajj Deposits
Jigawa State Executive Council approves ₦3.5bn loan for 2027 Hajj deposits of 466 pilgrims, plus ₦277m renovation of Reformatory School.
El Nino to Push 6 Million into Hunger in West and Central Africa
The UN World Food Programme warns that El Nino will push 6 million more people into hunger in West and Central Africa, worsening the food crisis in the region.
Nigeria airline seat capacity up 37% to 1.22m in August
Nigeria's scheduled airline seat capacity rose 37% to 1.22 million in August, driven by increased domestic routes and carrier expansion, according to aviation data.
FirstBank SPARK a GEM Challenge Empowers Women Entrepreneurs
FirstBank launches SPARK a GEM Challenge, empowering women entrepreneurs with N50m fund, training, and mentorship to scale businesses.
Fuel Price Hikes Force Sharp Consumption Cuts in H1 2026
Rising fuel prices in H1 2026 forced Nigerians to cut petrol, diesel, and cooking gas consumption sharply, with petrol demand dropping to 46 million litres daily.
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Caverton posts N8.66bn H1 loss as admin costs surge
Caverton Offshore Support Group Plc recorded a pre-tax loss of N8.66 billion in H1 2026, reversing a N2.07 billion profit, as administrative expenses surged.
NACCIMA Opens $150m Fund Portal: Steps, Sectors, Eligibility
NACCIMA opens portal for $150m fund with ODDO BHF SE; loans from $10m, single-digit interest, 7.5-year terms, 17 sectors eligible.
Ellah Lakes narrows H1 loss as revenue jumps 264%
Ellah Lakes Plc reduced its H1 2026 loss by 42% to N1.2bn as revenue surged 264% to N4.5bn, driven by strong agribusiness performance.
Davido's Eko Atlantic Mansion: Egungun Shares Unknown Details
Comedian Egungun reveals stunning details of Davido's $15M Eko Atlantic mansion, a four-storey family home worth N8B, doubling in value since purchase.
Australia Lists 4 Permanent Work Visa Categories for Foreigners
Australia's Home Affairs outlines four permanent work visa categories for skilled foreigners: regional, skilled migration, innovation, and business investment, each with specific eligibility criteria.
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Naira FX Gap Below 2%, Reserves Top $52.5bn
CBN reports naira FX gap fell below 2% while external reserves surpassed $52.5bn, signaling improved liquidity and market confidence.
Coronation Meets NIIRA 2025 Capital Requirements
Coronation Insurance and Coronation Life Assurance have met NIIRA 2025 minimum capital requirements after a ₦9.2 billion capital raise, boosting investor confidence.
Ecobank Nigeria New Mobile Banking Security Rules
Ecobank Nigeria caps new-device mobile transactions at N20,000 for 24 hours, aligning with CBN guidelines to curb fraud, then limits rise up to N10 million.
Australia Details 3 Visa Options for Foreign Visitors in 2026
Australia's Department of Home Affairs outlines three temporary visas for study and training in 2026, including eligibility, costs, and stay durations.
US EB-5 Green Card Requirements for Foreign Investors
USCIS outlines EB-5 Green Card rules: $1.05M or $800k investment, 10 jobs required. Two pathways: direct or regional centre.
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Dangote Refinery Plans $5B IPO, Africa's Largest Listing
Dangote Refinery to raise $5B via IPO by October, expanding capacity to 1.4M bpd, pending SEC approval, targeting Africa's largest listing.
Family Philanthropy: Passing the Torch Without Burning Bridges
Discover how to navigate family philanthropy across generations, ensuring smooth transitions and lasting impact while avoiding conflicts.
Petrol Prices May Drop as Crude Oil Falls Sharply
Crude oil prices fell over 4.8% to $83.70/barrel, sparking hopes of cheaper petrol in Nigeria, though marketers caution relief may be delayed.
Lagos Short-Let Profits Drop as Supply Surges
Lagos short-let property owners face declining profits as competition intensifies, with average nightly rates falling by 15% in 2026, according to industry data.
Nigerians Spend N1.4tn on Beer, Malt, Spirits in Six Months
Nigerians spent N1.4 trillion on beer, malt, and spirits in H1 2026, a 91% surge from N733 billion in 2025, driven by price hikes and consumption patterns.
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NorthQuest Data: 50,000 Nigerians Reveal Wealth-Building Insights
A new report by NorthQuest analyzes 50,000 Nigerians' wealth-building habits, revealing key trends in savings, investments, and financial challenges.
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