Nigeria recorded the world's steepest diesel price increase at 82.7%, and the fourth-largest petrol rise, according to UNCTAD. Disrupted energy shipments and higher crude prices are pushing up costs for businesses and households.
Nigerian domestic flight fares for December 2026 peak season are nearly triple normal rates on some routes. Flightpadi data shows Abuja-Owerri at ₦342,500, while Lagos-Abuja has cheaper dates. Check fares early to save.
Petrol depot prices rose to ₦1,370 per litre in Calabar, with diesel at ₦2,000 in Warri, as FG's NNPC relief targets retail margins.
Petrol prices in Anambra range from N1,378 to N1,400 per litre, while Kebbi State sees N1,430 at independent stations, with NNPC outlets at N1,400.
United Capital, as Joint Issuing House and Official Stockbroker, extends Dangote Refinery IPO access to investors in Rwanda and Ethiopia, alongside Nigerian retail and institutional participation.
SMEDAN has reopened its Conditional Grant Scheme portal for Nigerian nano businesses to apply for a ₦50,000 non-repayable grant. Beneficiaries must employ one person, and applicants are advised to verify intake dates directly with SMEDAN.
Mike Adenuga turns 73 as Globacom's 'Never Settle for Less' campaign mirrors his resilience, from a revoked GSM licence to building a telecom empire.
Learn 5 ways to buy cheaper fuel at NNPC stations during the 30-day N66-per-litre discount in October 2026. Download the NNPC Fuel App and pay via the app to save.
Elon Musk's net worth hit $1.012 trillion on Oct 9, 2026, after Tesla and SpaceX gains added $22 billion, reclaiming trillionaire status.
Milsat, a Nigerian tech firm, built the technology behind the Federal Government's National Digital Postcode, assigning unique 11-character codes to buildings nationwide.
Canal+ makes 13 big changes at DStv, including new packages and channel cuts. Nigerian subscribers are not automatically affected; verify local bouquets and prices.
JPMorgan plans a Nigerian merchant bank by end-2026, pending regulatory approval. The move deepens its decades-long presence, focusing on corporate finance, not retail banking.
Motorists in Abeokuta welcome NNPC's petrol price cut to N1,355 per litre, with an extra N66 app discount, as prices vary across states.
Petrol-only cars fell to 49% of global new-vehicle sales in H1 2026, down 10% year-on-year, as fuel costs push buyers toward EVs and hybrids, data shows.
Dangote Group projects naira at N1,330 per dollar in Q4 2026, full-year average N1,385/$, citing rising reserves and lower fuel imports.
The Bank of Industry has launched MyBOI, a digital portal enabling Nigerian businesses to apply for conventional and non-interest loans online, with full application tracking.
Petrol depot prices surged to N1,900 per litre in Port Harcourt on Friday, October 9, despite NNPC selling at N1,360 in Lagos. Diesel also climbed to N1,900 in Warri, raising business cost concerns.
The NGX All-Share Index rose 0.13% to 248,363.55 points on Friday, October 9, 2026, ending a seven-day losing streak and lifting year-to-date return to 59.60%.
United Capital Investment Banking wins Most Prolific Investment Banking Company at AIHN 30th Anniversary Awards, recognizing highest closed transactions in 2025.
FG completes 10-day NPRGS training in Oyo, empowering 700 youths with AI, fashion, and digital skills, plus starter kits, to tackle poverty.
MTN Nigeria apologised to subscribers after a network outage hit Lagos, Oyo, Rivers, Delta and FCT on October 8, 2026. Services have been restored, but affected customers are advised to restart devices to reconnect.
ACAMB marked its 30th anniversary in Lagos, with CBN, CIBN, NIBSS, UBA leaders urging communication pros to prioritize credibility and ethics in banking's digital future.
Naira depreciated to N1,332.10 per dollar at NAFEM on Oct 8, 2026, but gained N5 in parallel market. FX turnover surged 350% to $326.12 million, reserves hit $54.98 billion.
NNPC Limited extends its N66-per-litre petrol discount at retail stations nationwide until October 31, 2026, clarifying it is not a subsidy return.
Nigerian banks pay confirmed entry-level employees monthly salaries ranging from about ₦312,000 to over ₦514,000, with Standard Chartered and Stanbic IBTC leading the pack, according to Legit.ng research.
J.P. Morgan plans to establish a merchant bank in Nigeria, with operations targeted to begin before end-2026, subject to regulatory approval, announced at a Singapore dialogue.
NNPC extends N66-per-litre petrol discount to Oct 14, 2026, and includes diesel for registered Fuel App users, with prices ranging from N1,355 in Lagos to N1,435 in Yobe.
The federal government is negotiating a N1,350 per litre petrol price ceiling at ex-gantry or landing-cost level to stabilise pump prices, with plans for a strategic fuel reserve, CNG expansion, and an excess profit tax on energy operators.
MTN Nigeria has fully restored network services after an outage affected parts of Lagos, Oyo, Rivers, Delta, and FCT. Customers still experiencing issues are advised to restart their devices.
Periwinkle Empire signs consortium deal with Prime Luxury Address Ltd to build a $150m, 20-storey luxury residential tower in Abuja's Central Business District, opposite the US Consulate.