NGX Investors Lose N1.26trn as All-Share Index Falls 0.84%
The Nigerian Exchange shed N1.26trn as the All-Share Index dipped 0.84% to 245,283.68 points. Weekly turnover climbed to N404.8bn, with 56 stocks ending lower.
Category : Business
Finlands Minimum Wage Reaches N3.8 Million Monthly
Finland has no national minimum wage; sector deals pay entry-level workers up to N3.8 million monthly. Only Mauritius and Seychelles citizens travel visa-free.
NUPRC 2025 oil licensing round passes transparency test
Communication expert Tajudeen Suleiman says Nigeria's NUPRC 2025 oil licensing round passed transparency test, with 143 firms submitting 200 bids for 37 blocks.
12 CEOs Leading Nigeria's Electricity Distribution in 2026
Nairametrics profiles 12 CEOs steering Nigeria's electricity distribution companies, from Abuja DisCo to Aba Power, signaling new sector era.
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NNPC New Petrol Prices: Lagos N1,265, Bauchi N1,385
NNPC releases new petrol prices nationwide: Lagos drops to N1,265 per litre, Abuja N1,335, Bayelsa cheapest at N1,235, Bauchi highest at N1,385.
Oando cuts H1 pre-tax loss by 77% as Q2 returns to profit
Oando Plc reported a 77% reduction in H1 pre-tax loss as Q2 returned to profit, signalling a significant recovery from the prior year's losses.
Top 10 Highest Minimum Wages in 2026: Luxembourg Leads
Luxembourg retains the world's highest minimum wage in 2026 at €2,703.74 monthly for unskilled workers. Australia tops non-European states, and Canada finishes the top 10.
Oman Launches Free 14-Day Tourist Visa for Eligible Nations
Oman has introduced a free 14-day tourist visa for designated countries, effective after a gazette announcement; travellers can extend by applying for other visas before expiry.
OPEC Approves Fourth Consecutive Oil Output Hike of 188,000 bpd
OPEC+ has approved a 188,000 barrels per day output increase for September, marking the fourth consecutive monthly hike as the group unwinds production cuts.
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13 Killed as Tourist Plane Crashes Near Peru's Nazca Lines
All 13 people aboard a tourist plane died in a crash near Peru's Nazca Lines on Saturday; 11 tourists from Italy, Germany and Spain were among the dead.
AfDB Misallocates Capital Despite West Africa's $100bn Needs
Despite West Africa's $100 billion annual development needs, the African Development Bank is misallocating its capital, according to a new report.
NNPC Slashes Petrol Price by N35 in Lagos, N15 in Abuja
NNPC slashes petrol pump price by N35 per litre in Lagos and N15 in Abuja; MRS and AA Rano also cut rates, with Dangote's ex-depot price at N1,075.
NNPCL Deploys 1,000 Graduates After Year-Long Training
The Nigerian National Petroleum Company Limited has officially deployed over 1,000 young Nigerian professionals into its workforce following a one-year internship and evaluation, CEO Bayo Ojulari announced.
Fire at Lagos Airport Terminal 2: FAAN Confirms, No Casualties
A fire erupted at Terminal 2 of Murtala Muhammed International Airport in Lagos on Sunday, prompting an emergency response from FAAN; no casualties were reported.
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Thirteen Die in Tourist Plane Crash Near Peru's Nazca Lines
All 13 on a sightseeing plane died when it crashed near Peru's Nazca Lines, Peruvian officials said. Victims included 7 Italians, 2 Spaniards, 2 Germans.
Naira Misses Forbes' Strongest African Currencies July 2026
Forbes' July 2026 ranking of Africa's strongest currencies excludes Nigeria's naira, which gained 0.3% to N1,368.22/$1 but still missed the top 10.
Nigeria's Urban Poor: Rural Poverty Shifted to Cities
Nigeria's urban poor now face rising poverty, violence, and religious extremism as rural poverty shifts to cities, says analyst Jibrin Ibrahim.
Lagos generates N1.685tn revenue, IGR hits 69.2% in H1 2026
Lagos State generated N1.685 trillion in revenue in the first half of 2026, with internally generated revenue contributing 69.2%, per the Q2 budget report.
Seplat sells 10% NNPC JV stake for $281.6m
Seplat Energy agrees to sell 10% working interest in NNPC/SEPNU JV to NNPC for $281.6m, raising NNPC's stake to 70% and retaining 30% for itself.
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First HoldCo Adopts 60% Dividend Policy for Returns
First HoldCo will pay out at least 60% of annual post-tax profit as dividends, signalling confidence after a ₦748.1bn bad-loan provision wiped out 2025 payout.
FG Rules Out Immediate Tariff Hike, Focuses on Supply
FG says no immediate electricity tariff increase, prioritising improved power supply, universal metering, and ensuring Nigerians pay only for what they consume.
NNPC posts ₦535bn profit, crude output hits 1.72m bpd
NNPC Ltd achieved a ₦535 billion profit after tax in June 2026, while crude and condensate output reached 1.72 million barrels per day, its monthly report shows.
Aradel H1 Revenue Jumps 7x to N2.5trn, Profit Lags
Aradel Holdings' H1 revenue jumped nearly sevenfold to N2.5trn, but after-tax profit only rose to N191bn as costs and taxes soared.
Global Summits on Africa: Driving Investment and Trade
Global business summits focused on Africa are multiplying as the continent gains strategic importance, offering platforms for investment, trade, and policy dialogue.
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Fidson Leads Nigerian Pharma Market as Imports Dominate
Fidson Healthcare tops Nigeria's listed pharma firms with N42.6bn Q1 revenue, as imports still cover 70% of medicines and 90% of raw ingredients.
Housing as Engine for Nigeria's $1 Trillion Economy
Nigeria needs 20 million homes, but building them could power a $1 trillion economy through industrialization, jobs, and wealth creation. MREIF leads the way.
Musk Nigeria Birth Comparison Demographic Dividend Debate
Elon Musk's birth comparison shows Nigeria's rising population could be a demographic dividend or burden, hinging on health, education and jobs for children.
VFD Group H1 Net Profit Doubles to N10.1bn
VFD Group's H1 after-tax profit doubled to N10.1bn from N5bn, as investment income surged 102.8%; an interim dividend of N0.24 per share was declared.
MMIA Fire Disrupts Flights, Operations Resume in Lagos
Flights resume at Lagos MMIA after fire disrupts passenger processing. Emergency teams contained the blaze, and operations are fully back to normal.
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CBN Exposes 13,117 Fraud-Linked BVNs as Banks Crack Down
Nigeria's fraud-linked BVNs jumped to 13,117 in 2025, a 38.4% rise, as CBN and major banks intensify monitoring while consumer credit fell 19.89% to N3.78 trillion.
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