New Cement Prices Emerge in Nigeria, West Africa as Housing Crisis Looms
Cement prices in Nigeria hit ₦15,000 per 50kg bag by July 2026, up from ₦9,700 in January, straining developers and prompting FCCPC investigation into regional price gaps.
Category : Business
Naira Gains N11 Against Dollar in a Week as Reserves Rise
The naira closed at N1,346.49 per dollar in the official market, recording a weekly gain of N11.11 against the US dollar as Nigeria's gross external reserves rose by 0.65% to $52.657bn.
Top Nigerian Money Market Funds by Return as of July 2026
Discover the best-performing money market funds in Nigeria as of July 2026, with top yields exceeding 22%, according to the latest Nairametrics report.
Top Equity Mutual Funds in Nigeria as of July 2026
Discover Nigeria's best-performing equity mutual funds as of July 2026, with top funds posting over 40% returns, according to the latest Nairametrics analysis.
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Shein Valuation Falls to $27 Billion in Hong Kong IPO
Fast-fashion retailer Shein's valuation has dropped to $27 billion in its Hong Kong IPO filing, down from $100 billion in 2022, amid regulatory and market challenges.
6 Lagos Locations With Some of the Cheapest Land in 2026
Discover six Lagos locations where land remains relatively affordable in 2026, including Ikorodu, Badagry, Ikotun-Igando, Abule Egba, Mowe, and Epe, based on Private Property insights.
Dangote Fertiliser Lists 4 Steps to Become a Distributor in Nigeria
Dangote Fertiliser Limited has released a four-step process for Nigerians to become official distributors of its Urea fertiliser, starting with registration at the Federal Ministry of Agriculture's Farm Input Support Services Department.
UBA Graduate Trainee Wows Elumelu With Customer Service Ideas
Deborah Moses, a UBA graduate trainee, impressed chairman Tony Elumelu with a proposed customer journey guide during GMAP, earning his praise and a handshake.
Access Holdings Stock Rebounds 35% from Low, Earnings Must Accelerate
Access Holdings shares have rebounded 35% from their 52-week low, but analysts say earnings growth must accelerate to sustain the rally. Here's the full analysis.
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Binance Bans 17 Crypto Platforms, 3 Linked to Nigeria
Binance restricted 17 crypto platforms, including Nigerian entities A7 Nigeria, A7 Africa, and PilotFinance Ltd, following US and EU sanctions. Transactions after effective dates may be held for compliance review.
Prof Aruwa at 55: Economic Reforms and Youth Financial Strategies
Professor Suleiman Aruwa of Nasarawa State University, on his 55th birthday, tells Legit.ng Nigeria's economic crisis stems from oil dependence, weak fiscal discipline, and poor governance, urging reforms in public financial management, diversification, a
Buffett and Elumelu: Legacies of Building Institutions and Opportunities
Warren Buffett donates $1.35 billion to family foundations, while Tony Elumelu steps down as UBA chairman, both exemplifying institution-building and succession planning.
UBA Trainee Impresses Chairman With Customer Service Ideas
Deborah Moses, a UBA graduate trainee, impressed Chairman Tony Elumelu with ideas to improve customer service, earning his praise and a handshake.
Nigeria to Mongolia: UNCCD Fellowship and COP17 Land Restoration Lessons
A Nigerian journalist's UNCCD fellowship in Mongolia reveals how Hustai National Park's conservation model tackles overgrazing and land degradation, offering lessons for Nigeria ahead of COP17.
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CPPE backs FG economic reforms, demands productivity focus
CPPE backs FG reforms, citing fiscal gains, but insists stability must translate into jobs, investment, and better living standards for Nigerians.
7 Steps to Build a Lasting Professional Legacy Beyond Your Job
Discover 7 actionable steps to transform from a mere employee into an industry authority, build influence, and create a lasting professional legacy that outlives your job title.
Yari's Geregu bond bailout raises governance, integrity concerns
Senator Abdulaziz Yari personally funded Geregu Power's ₦6bn bond obligation after acquiring a 95% stake via Ma'am Energy for $750m, raising regulatory and fiscal governance concerns.
Binance Halts Crypto Transactions with 17 Platforms in Nigeria, UAE, Iran
Binance stops processing transactions with 17 crypto platforms in Nigeria, UAE, Iran, Georgia, and more, citing regulatory requirements, effective in phases from August 7.
NICA Urges FG to Inject N2 Trillion into Credit Guarantee Company
The Nigerian Institute of Chartered Accountants (NICA) has called on the Federal Government to inject N2 trillion into the Credit Guarantee Company to boost access to credit for businesses and individuals.
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Lagos Proposes New Wastewater, Faecal Sludge Rates
Lagos State has proposed new wastewater and faecal sludge rates, aiming to boost sanitation infrastructure and service delivery across the state.
Ghana Plans to Supply Electricity to Nigeria as West Africa Energy Hub
Ghana's Energy Minister Jinapor says the country will begin supplying electricity to Nigeria, targeting regional energy hub status with gas, renewables, and nuclear power.
Petrol Depot Prices Rise in Lagos, Warri, PH, Calabar as Crude Nears $95
Petrol depot prices rose across major Nigerian markets from August 17-21, 2026, with Calabar leading gains. Dangote Refinery also raised PMS and AGO prices, adding pressure as crude nears $95.
Nigeria's Oil Losses Plunge from 97% to 2% Under Tinubu
Oil losses in Nigeria fell from 97% to 2% under President Tinubu, according to Tony Elumelu, citing improved security and policy reforms.
Canada Raises Nigeria Visitor Visa Processing Time to 76 Days
IRCC has extended Nigeria visitor visa processing time from 68 to 76 days, effective August 26, 2026. Work permit and study permit timelines also updated.
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NGX sell-off wipes N5.9tn; BUA Foods, MTN top losers
A market sell-off on the Nigerian Exchange (NGX) erased N5.9 trillion in market capitalisation in August 2026, with BUA Foods and MTN Nigeria recording the steepest declines.
Dangote Starts Kenya Refinery, Offers Three East African Countries 30% Stake
Aliko Dangote plans a $17 billion refinery in Kenya, offering Kenya, Ethiopia, and Rwanda a 30% equity stake. The project, moved from Tanzania, could transform East Africa's fuel supply.
CPPE Warns Against Reversing Reforms, Urges Jobs from Stability
The Centre for the Promotion of Private Enterprise (CPPE) warns Nigeria against reversing economic reforms, urging policymakers to convert macroeconomic stability into employment opportunities.
Nigerian Creatives Lose Half Workweek to Admin, Payment Delays
A new report reveals Nigerian creatives lose 50% of their workweek to admin tasks and payment delays, costing the industry billions annually.
MultiChoice Swap Programme for Nigerians With Abandoned DStv Dishes
MultiChoice launches a swap programme for Nigerians with abandoned DStv dishes, offering up to 38% savings via DStv Stream for those with reliable internet.
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Johann Rupert's Net Worth Rises by $1.3 Billion in 2026
South Africa's richest man, Johann Rupert, has increased his net worth by $1.3 billion in 2026, according to the Bloomberg Billionaires Index, bringing his total fortune to $13.9 billion.
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