ActionAid, NSF Back World Social Forum in Cotonou
ActionAid Nigeria and Nigeria Social Forum declare solidarity with World Social Forum in Cotonou, reaffirming commitment to justice, equality, and inclusive development.
Category : Business
BRICS Weighs Linking Instant Payments and Digital Currencies
BRICS is exploring a unified instant payment system and digital currency links to boost trade and reduce dollar reliance, according to a senior Russian official.
Top Nigerian Stocks Week Ending Aug 14: Gains and Losses
Leading gainers included ABC, FTN Cocoa, and Vitafoam, while losers were led by John Holt, International Breweries, and Champion Breweries, according to Nairametrics.
Petrol Depot Prices Fall Nationwide as Dangote-Linked Marketers Cut Rates
Petrol depot prices fell across Nigeria on Friday, August 14, 2026, with cuts up to N21 per litre in Lagos, Calabar, Port Harcourt and Warri. Dangote Refinery led at N1,166 per litre in Lagos.
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Jowi Zaza Net Worth 2026: Biography, Age, Wife, Cars, Houses
Jowi Zaza, son of Jezco Oil founder Joseph Ezeokafor, has an estimated net worth of $50-$80 million. Learn about his biography, age, wife, luxury cars, and properties.
FCMB Raises FastCash Loan Limit to ₦5M
FCMB has increased its FastCash instant loan limit to ₦5 million, helping customers access larger credit quickly. The move targets salary earners and businesses.
Dangote Refinery $5bn IPO Opens to Nigerians, Foreign Listing Delayed
Nigerians may soon invest in Dangote Refinery's $5bn IPO, as CEO David Bird pushes a 'people's IPO'; foreign listing delayed for at least three years.
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Integrated Indigo Wins Agency of the Year at 2026 Spokespersons Awards
Integrated Indigo Limited won Agency of the Year at the 2026 National Spokespersons Awards in Abuja, beating 171 nominations in the most expansive edition yet.
Bonny Light Hits $95 as Hormuz Tensions Rattle Oil Markets
Bonny Light crude price approaches $95 per barrel as Strait of Hormuz tensions escalate, raising supply concerns and impacting global oil markets.
Banks Shift N3.86 Trillion to Agriculture, Oil and Gas Credit Shrinks
Nigerian banks increased agricultural lending by 16.6% to N3.86 trillion in Q2 2026, while oil and gas credit fell to N3.09 trillion, reflecting sectoral rebalancing and economic diversification efforts.
Modular Refineries Reject Crude Allocations Over Pricing
CORAN says modular refineries lifted no crude under DCSO in Q2 2026, citing unrealistic pricing benchmarks and double logistics charges; Dangote got 98% of allocations.
Lagos Land Prices Soar: Ikoyi Hits N2.5m per sqm
Land prices on Lagos Island have surged, with Ikoyi now fetching N2.5 million per square metre, according to a new report by a leading real estate firm.
Top 10 Investors Still Backing African Startups Despite Slowdown
Despite a global funding slowdown, these 10 investors remain active in African startups, providing crucial capital to fuel innovation and growth across the continent.
FG N5m NiYA × Cascador Founders Programme: How to Apply
The Federal Government's NiYA × Cascador Founders Programme offers up to N5 million non-dilutive funding to young Nigerian entrepreneurs. Applications open August 19, 2026, via niya.gov.ng.
Nigerian Stocks Lose N3.8 Trillion in Five-Day Selloff
Nigerian equities shed N3.8 trillion in five sessions as selloff persists, with market cap dropping to N62.3 trillion amid investor profit-taking.
MultiChoice Removes 7 DStv Premium Channels as Showmax Shutdown Hits
MultiChoice confirms four more channels leave DStv Premium from September 16, 2026, totaling seven this year, amid Showmax shutdown and HBO content loss, raising value concerns.
Countries Offering Nigerians Long Visitor Visas Up to 1 Year
Several countries offer Nigerians and other foreigners generous visitor stays, from 90 days to one year. Georgia tops the list with visa-free entry for up to 12 months, while Panama allows 180 days.
Nigerian Equities Extend Decline, Investors Lose N257bn
The Nigerian stock market fell for a second straight session on Friday, August 14, 2026, as profit-taking in large-cap stocks wiped out N257.06 billion from market capitalisation, with the NGX All-Share Index dropping 0.16% to 242,619.20 points.
Retailers Groan Over NAFDAC Sachet Alcohol Ban
Thousands of FMCG retailers in Nigeria are counting losses as NAFDAC enforces the sachet alcohol ban below 20cl, leading to seizures and business closures.
Naira Rebounds to N1,358/$ as Reserves Exceed $52bn
The naira appreciated to N1,358.25 per dollar on August 14, 2026, as foreign reserves climbed above $52 billion, according to FMDQ data.
Common Weeds in Nigeria: Scientific Names and Pictures Guide
Discover common weeds in Nigeria with scientific names and pictures. Learn about Siam weed, spear grass, and more. Regional prevalence and control methods included.
New Cooking Gas Prices: Dangote, 11 Plc Cut Rates, Others Hold
Dangote Refinery cuts LPG price to ₦950/kg, 11 Plc to ₦980/kg, while Rainoil and PPMC hold rates, per PetroleumPriceNG data.
West Africa Moves to Fix Fuel Prices for Dangote Refinery
West African regulators are building a regional fuel pricing benchmark, influenced by the Dangote Refinery, to reduce dependence on foreign benchmarks.
Nepal visa on arrival: 8 African countries restricted
Nepal excludes Nigeria, Ghana, and six other African nations from visa-on-arrival. Travelers must obtain a reference letter from their embassy before applying for a Nepali visa.
SMEDAN BRYNE: N250,000 for 52 Young Entrepreneurs
SMEDAN's BRYNE project targets 100,000 young Nigerians annually, offering training, finance, and mentorship. Weekly hackathons will award 52 winners N250,000 each.
Tinubu Vows to Revive Refineries; NUPENG Backs Subsidy Removal
President Tinubu assures Nigerians that refineries will be revived for commercial viability, with detailed assessments to fix structural issues. NUPENG praises subsidy removal as bold.
4 NGX Stocks Could Turn N10m into N26.1m
Investing N10 million in four NGX stocks in January 2025 could have yielded N26.1 million by August 2026, according to Nairametrics analysis.
Nigerian Banks' Marketing Spend Hits N76.54bn in Q1 2026
Nigerian banks spent N76.54bn on advertising in Q1 2026, up 5.35% from N72.65bn in Q1 2025. UBA led the rise with a 177.69% increase, while Jaiz Bank saw the fastest growth at 1,623.6%.
84-Year-Old Founder Sells Nigerian Pharma Firm to Transworld
Transworld has completed the acquisition of a Nigerian pharmaceutical company from its 84-year-old founder, marking a significant shift in the industry. The deal, announced on August 14, 2026, transfers full ownership and operations.
CBN FX Sales Surge to $953 Million in March After January Slump
Nigeria's CBN FX sales surged to $953 million in March, rebounding from January's slump, according to latest data, signaling improved liquidity in the forex market.
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