Akwa Ibom pays N81bn pensions, gratuities in three years
Akwa Ibom State paid N81.06 billion in pensions and gratuities under Governor Umo Eno in three years, surpassing the N70.07 billion paid in the last four years of the previous administration.
Category : Business
Nigeria mortgage market below 1% GDP, report reveals
Nigeria's mortgage assets are under ₦1 trillion, less than 1% of GDP, compared to South Africa's 16%, highlighting a severe housing finance gap.
NNPC/Seplat JV Awards N18m Grants to Top Schools in PEARLs Quiz
The NEPL/Seplat Energy JV awarded N18 million in education infrastructure grants to top secondary schools at the 2026 PEARLs Quiz Competition in Benin, Edo State.
Jigawa Council Approves Pension Increase to ₦20,000
Jigawa State Executive Council approved raising minimum pension from ₦12,000 to ₦20,000 monthly for retirees under the contributory scheme, effective July 1, 2026, with ₦2.07 billion allocated for implementation.
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Presco Plc Invests $100M in Ogun State Oil Palm
Presco Plc plans $100M initial investment in Ogun State for oil palm operations, creating thousands of jobs and boosting agriculture.
Nigeria Oil Regulators Unify Local Content Grading System
NCDMB, NUPRC, NMDPRA, NIPEX, and OPTS jointly develop a harmonised grading framework for in-country oil and gas capacities, aiming to boost local manufacturing and sustainability.
Emerald HoldCo launches takeover offer for Beta Glass shares
Emerald HoldCo B.V, new majority owner of Beta Glass, offers N590.94 per share for up to 11.74 million shares, a 5% premium over market price. Offer runs July 7 to August 4, 2026.
BUA Foods Proposes N504bn Dividend for 2025
BUA Foods Plc proposes a dividend of N28 per share, totaling about N504 billion for 2025, subject to shareholders' approval at the AGM on July 15.
Chinese automaker Lincon Bravos starts assembly in Niger
Chinese automaker Lincon Bravos has commenced vehicle and motorcycle assembly in Niger State, with the state government acquiring a 10% equity stake in the company.
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Zenith Bank waived due process for Emefiele’s billions, witness says
A Zenith Bank official testified how waivers allowed billions of naira deposits and disbursements for ex-CBN Governor Godwin Emefiele, bypassing standard banking procedures.
Bandit attacks force Niger farmers to abandon fields, risk food crisis
Armed bandits killed at least nine farmers and abducted 20 in Niger State's Pandogari district in June 2025, forcing half of farms to be abandoned and threatening a catastrophic food crisis.
Nigeria's Neighbours' Electricity 'Debt' is a Service Charge
The ₦17.45 billion owed by Benin, Togo, and Niger is a residual service charge on a trade secured by guarantees since 2019, not a sign of exploitation.
NCAA Warns Cutting Ticket Sales Share May Harm Aviation Safety
The Nigeria Civil Aviation Authority warns that reducing its share of the 5% Ticket Sales Charge could weaken safety oversight and regulatory capacity.
IMF Cuts 2026 Global Growth Forecast to 3.0%
The IMF has lowered its 2026 global growth forecast to 3.0%, citing the Middle East conflict offset by AI-driven demand, with Nigeria projected to grow 4.1% in 2026.
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Outrage: Celestia Blocks Nigerian Residents from Faucet
Celestia Labs blocked Nigerian residents from its faucet feature after most withdrew the $5 testing fund, sparking outrage and criticism online.
Saudi Arabia Launches National Visa Platform, Exempts Three Countries
Saudi Arabia has approved a national visa platform and exempted Hungary, Kazakhstan, and Poland from visa rules for diplomatic and special passport holders in 2026.
9 Countries Offering Long-Term Visitor Visas for Travellers in 2026
Nine countries offer long-term visitor visas allowing stays from 6 months to 1 year for tourism, family visits, or remote work in 2026.
From Abokifx to HyperFX: Instant FX Settlement
HyperFX launches instant FX settlement using stablecoin rails, replacing Abokifx with real-time cross-border payments and lower costs for Nigerian businesses.
Apple Gift Card to Naira Rate in Nigeria 2026 Guide
Learn current Apple Gift Card to Naira rates in Nigeria for 2026. Discover factors affecting prices, how to sell on Jophab, and maximize your payout.
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MTN, Zenith Lead NGX H1 Earnings Reporting in July
MTN Nigeria and Zenith Bank are among the first to release H1 2026 results on the NGX, with peak reporting expected in the last week of July. Investors await key earnings data.
UAE Adds Six Nations to 60-Day Visa-on-Arrival List
The UAE expanded its visa-on-arrival program to include six new nationalities, offering 14-day or 60-day stays for travelers with valid residency from designated countries.
21bet.ng Launch Enhances Matchday for Crypto Football Fans
21bet.ng enters Nigeria as a crypto casino and sportsbook, tapping into football passion and crypto familiarity to improve the matchday experience for digitally savvy fans.
Saudi Arabia Launches Package Visa Pilot for Tourists
Saudi Arabia debuted a Package Visa pilot program bundling flights, hotels, and tourist entry visas into a single transaction through approved travel vendors.
Nigerian Stock Market Gains N1.87 Trillion
The Nigerian stock market rose by N1.865 trillion on Tuesday, driven by gains in industrial, insurance, oil & gas, consumer goods, and banking stocks, with the All-Share Index climbing to 237,083.28 points.
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Nigeria's Green Tax: Lower Import Duties Impact Car Prices
Nigeria's new Green Tax imposes environmental levies on high-emission vehicles while reducing import duties, reshaping car prices for buyers and dealers.
Ajaokuta Steel Revival Deal with Chinese Firm Due by 2026
Nigeria expects to finalize a deal with a Chinese firm by end of 2026 to revive the Ajaokuta Steel Mill, aiming to boost local steel production and reduce imports.
Adesuwa Okunbo-Rhodes: From Lehman Brothers at 18 to $80m Fund
Adesuwa Okunbo-Rhodes shares how she started in investment banking at 18 with Lehman Brothers, later joined J.P. Morgan, and now manages $80 million at Aruwa Capital, investing in underserved SMEs.
MTN Slashes Airtime Borrowing Limit to N5,000 as *303# Restored
MTN Nigeria restored its airtime and data borrowing service via *303#, slashing the maximum limit from N10,000 to N5,000. Subscribers must clear outstanding balances before new advances.
Adesina Lab Launches to Help African Founders
Adesina Lab launches to help African founders build investment-ready companies, offering mentorship, funding access, and strategic support.
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Fashola Reveals Land Price Cut That Kept Dangote Refinery in Lagos
Babatunde Fashola disclosed that Lagos reduced land price to secure the Dangote Refinery, crediting Commissioner Olusola Oworu for arguing the long-term economic gains outweighed immediate revenue.
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