Nigerian Equities Shed N599bn as Nestle, First HoldCo Drag
Nigerian equities lost N599 billion in market capitalization on Wednesday as Nestle and First HoldCo led declines, dragging the All-Share Index down by 0.98%.
Category : Business
2026 Africa Passport Rankings: Seychelles Tops, Nigeria Missing
Nigeria misses Africa's top 10 strongest passports in 2026 despite new visa-free deals. Seychelles leads globally at 23rd, Mauritius second, South Africa tops mainland.
Interest Income Drives Half of NASCON's H1 2026 Profit
Analysis shows interest income contributed 50% to NASCON's H1 2026 profit growth, as core revenue growth slowed. The company's net profit rose 15% year-on-year.
Equities Shed N599bn as Nestle, First Holdco Drag Market Lower
Nigerian equities lost N599 billion in market value as Nestle and First Holdco shares fell, dragging the NGX All-Share Index down by 1.2% in a single trading session.
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Dangote Refinery Eyes Fresh Petrol Price Cut as Depot Rates Drop
Dangote Refinery may cut petrol prices again as depot rates drop and competition intensifies, potentially lowering pump prices for Nigerians.
5 Countries Offering Cash to Marry: Full List
Italy, Japan, Singapore, China, and Hungary offer cash incentives for marriage to boost birth rates. Learn about each program's benefits and conditions.
UK Lists 7 Family Routes to Indefinite Leave to Remain in 2026
UK government outlines seven family-based routes to indefinite leave to remain in 2026, with a £3,226 fee and six-month decision timeline.
Dangote Refinery Plans $5bn IPO by October
Dangote Refinery targets $5 billion IPO by October, potentially Africa's largest listing, according to reports.
US Work Visas: 5 Paths to Permanent Residency for Foreigners
The US issues 140,000 employment-based immigrant visas annually across 5 categories (E1-E5). Learn who qualifies, from priority workers to investors.
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Comercio Partners Report: 10 Years of Money Market and Living Costs
Comercio Partners' report reveals a 10-year trend of rising living costs and volatile money market rates, impacting Nigerian households and investors.
REA Targets Local Solar Manufacturing, 85 Million Lack Power
The Rural Electrification Agency (REA) plans to boost local solar manufacturing to address Nigeria's electricity gap, affecting 85 million people without reliable power, according to the agency's recent statement.
Nauru Golden Passport: $90,000 Citizenship for 85+ Countries
Nauru's citizenship-by-investment scheme offers passports at $90,000, down from $115,000, funding climate relocation. Over 120 citizenships granted, with visa-free access to 85+ destinations.
CCECC Nigeria Opens 11 Job Openings in Abuja for Engineers
CCECC Nigeria opens 11 full-time job openings in Abuja for engineers, designers, and surveyors. Apply now for roles like Bridge Designer and Surveyor.
Tinubu opens Africa's first renewable energy college, hydrogen plant
President Tinubu commissioned Africa's first renewable energy college and a green hydrogen plant in Kogi, boosting Nigeria's clean energy capacity by 20%.
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Afri Invoice Recruits 100+ Professionals for E-Invoicing
Afri Invoice plans to hire over 100 professionals nationwide to support Nigeria's e-invoicing rollout, covering all six geopolitical zones.
NGX ETFs Rebound in July; Greenwich Alpha Leads with 30.41%
Nigerian Exchange ETFs rebounded in July 2026, with Greenwich Alpha ETF leading at 30.41% gain, after a challenging first half, according to NGX月度报告.
Why Abuja's Waterfront Could Change City Experience
Akida Hills is developing a 3.36-hectare leisure destination at Jabi Lake, featuring West Africa's first dancing musical fountain, with Phase 1 opening in December 2026.
USAJOBS: US Official Website for Federal Jobs in 2026
USAJOBS is the US government's official platform for federal job openings, open to citizens and some foreigners, with positions worldwide.
Nigeria Crypto Tax Rules Spark Innovation Investment Debate
Nigeria's new crypto tax rules have sparked debate over innovation and investment, with industry experts warning of potential capital flight while the government defends revenue goals.
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UK Youth Mobility Scheme Visa: 10 Countries Eligible to Work
The UK Youth Mobility Scheme visa allows young people from 10 countries, including Australia, Canada, and Japan, to live and work in Britain for up to two years.
Nigeria's $1tn GDP Could Leave Citizens Poor
Nigeria may reach a $1 trillion economy without improving citizens' welfare, warns economist Bismarck Rewane, urging focus on per capita income and job creation.
Lagos Food Prices: Onion Up 40%, Gas Eases in July
Lagos food prices in July: onion climbed 40% while cooking gas eased. Survey by Nairametrics reveals mixed trends in key food items.
Dangote Group Opens Fresh Job Vacancies in Cement, Foods, and Corporate Units
Dangote Group announces dozens of new job openings across cement, foods, and corporate units, targeting candidates with ND, HND, or degrees in Lagos, Ogun, Kogi, and more.
Nigeria Imposes 1.5% Stamp Duty on Crypto Transactions
Nigeria introduces a 1.5% stamp duty on crypto transactions like Bitcoin and USDT, collected by exchanges, raising costs for investors.
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Naira Gains to N1,364.83/$1 as FX Turnover Surges 132%
Naira appreciated to N1,364.83/$1 at official market on Aug 4, 2026, up N3.39, as FX turnover surged 132% to $137.05 million, driven by CBN support and oil inflows.
Qatar Special Work Permit: Free 6-Step Application Guide
Qatar's Ministry of Labour has announced a free special work permit for eligible applicants, with a six-step online application process. Here's how to apply.
Income Tax-Exempt Organisations in Nigeria: Full List
Discover which churches, schools, NGOs, and other bodies qualify for income tax exemption in Nigeria, and learn the conditions and limitations.
PAP sponsors 16 master's graduates abroad, 4 with distinction
Four Nigerian students bag distinction as PAP sponsors 16 master's graduates abroad, including top UK and US universities.
Fintech Boom Hits Microfinance Banks in Nigeria
Nigeria's fintech success has inadvertently strained microfinance banks, leading to reduced deposits and increased competition, according to industry experts.
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Nigeria Crypto Tax: Stamp Duties Now Apply to Digital Assets
Nigeria's crypto tax framework now includes stamp duties on digital asset transactions, affecting traders and exchanges. Learn key compliance requirements.
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