NZ Reveals Cost of Special Visa for Pacific Islanders
New Zealand's Pacific Access Category Resident Visa costs NZD 1,389, offering indefinite residency to citizens of Fiji, Kiribati, Tonga, and Tuvalu, with 650 spots in 2026.
Category : Business
Agusto Withdraws Geregu Rating After Bond Default
Agusto & Co has withdrawn Geregu Power's rating following a N40.09 billion bond default, citing insufficient information and missed payment obligations.
UK Sets £31,300 Salary Threshold for Health and Care Worker Visa
The UK government has announced that foreign health and care worker visa applicants must earn at least £31,300 (N57,671,783) annually, or the higher going rate for their role, whichever is greater.
Nasarawa Secures $2m Lithium Deal with Chinese Firm
Nasarawa State signs a $2 million lithium extraction agreement with a Chinese company, boosting Nigeria's solid minerals sector.
Justin Waller Net Worth 2026: Red Iron Construction Millions
Justin Waller, CEO of Red Iron Construction, reveals a net worth over $30 million. Learn about his biography, career, and relationship in this detailed profile.
Australia Publishes Citizenship Pledge Wording for New Citizens
Australia has published the exact citizenship pledge foreigners must recite at ceremonies, with two versions—one including God and one without. The pledge covers loyalty, democratic beliefs, rights, liberties, and obeying laws.
10 Key Checks Before Buying a Used Car in Nigeria
Buying a used car in Nigeria? Check documents, VIN, engine, transmission, accident history, flood damage, and more. Avoid costly mistakes with these 10 essential tips.
Nigerian Banks Sort Codes: Full List of Sort and SWIFT Codes
Discover the complete list of Nigerian banks' sort codes and SWIFT codes. Learn how these codes work for local and international transfers, with a full guide.
CBN OMO Auction Attracts N4.93trn Bids as Investors Chase 20% Yield
Investors submitted N4.93 trillion in bids for CBN's OMO bills, chasing yields up to 20%, with total allotment of N1.2 trillion and stop rates at 19.5% and 20%.
Dangote Plans $16bn Lamu Refinery, Seeks Kenyan Protection
Aliko Dangote announces plans for a $16 billion refinery in Lamu, Kenya, with 700,000 barrels per day capacity, seeking government protection against cheap fuel imports.
Veritasi Homes Raises N50bn via Islamic CP for Real Estate
Veritasi Homes & Properties has executed a N50 billion non-interest commercial paper programme to fund real estate development, marking a key milestone in Nigeria's Islamic finance market.
Dangote Sugar Raises N485.9bn in Oversubscribed Rights Issue
Dangote Sugar Refinery raised N485.9 billion in a rights issue, oversubscribed by 15.3%, attracting strong investor demand and boosting its expansion plans.
Nigeria Meets OPEC Oil Target, Yet Budget Gap Looms
Nigeria hit its OPEC oil production quota in July, but the federal budget still faces a revenue shortfall as crude output remains below the levels assumed in the 2026 budget.
Pound Holds at N1,837 as Naira Faces Global Currency Pressure
The British pound traded at N1,837 in the official market as the naira showed resilience amid global currency pressures. Analysts attribute the stability to improved dollar liquidity and CBN policies, though risks remain.
NITDA Seeks 15 MDAs Coordination for Startup Act
NITDA calls for coordinated efforts among 15 MDAs to implement the Nigeria Startup Act, aiming to boost digital economy and innovation.
AERE urges Tinubu to translate economic gains into household relief
AERE urges President Tinubu and NRS to convert Nigeria's revenue growth into lower food prices, better wages, and poverty reduction, citing rising inflation and poverty.
Dangote Refinery Rules Out Overseas Listing for 3 Years
Dangote Refinery will not list on any overseas exchange for at least three years, according to a company executive. The refinery focuses on domestic supply and local economic impact.
Naira Gains vs Dollar as Reserves Hit 17-Year High
The naira appreciated 0.22% against the dollar on August 13, 2026, as CBN removed bank restrictions. External reserves hit $52.19 billion, a 17-year high.
Nigeria Petrol N1,300 as 94 Nations Keep Fuel Subsidies
Nigeria's petrol price surged above N1,300 per litre, while 94 countries maintain fuel subsidies amid the US-Iran war, according to the IEA.
Petrol Price Review Expected as Depot Rates Rise Above Dangote's
Dangote-linked marketers sell petrol at N1,168/L, above refinery's N1,165 gantry rate, suggesting a possible price revision as depot prices climb across Nigeria.
FG Unveils N1.1tn FGN Bond Sale with Maturity Dates, Interest Rates
The Federal Government, via the DMO, offers N1.1tn in FGN bonds at N1,000 per unit, with maturities in 2035, 2037, and 2038, interest rates up to 22.60%, and a minimum subscription of N50 million.
Tinubu Vows Refineries Return to Operation, No Timeline
President Tinubu pledges to revive Nigeria's refineries but gives no timeline, citing ongoing efforts and investments to boost local production.
CBN Guide on Bank Charges: ATM, Cards, Transfers Affected
The CBN's Guide to Charges by Banks sets maximum fees for transfers, ATM withdrawals, and cash transactions, while prohibiting charges for services like PIN resets and account reactivation.
Yellow Card Reveals Why It Pivoted from Crypto Exchange
Yellow Card, a leading African crypto exchange, has pivoted to stablecoin infrastructure, citing regulatory clarity and user demand for stable assets.
Abia Governor Commends Geometric Power for Restoring Aba Power
Abia State Governor Alex Otti has commended Geometric Power for restoring electricity in Aba after days of outage, urging backup plans to prevent recurrence.
Osun domestic debt drops N69.18bn under Adeleke
Osun State's domestic debt fell by N69.18 billion (46.6%) under Governor Adeleke, moving the state from 9th to 18th most indebted in Nigeria, per DMO data.
CBN lifts restrictions on banks' access to lending facility
The Central Bank of Nigeria has removed restrictions on banks' access to its Standing Lending Facility tied to NFEM and government securities auctions, and lifted the suspension of Tenored Repo Operations to improve liquidity management.
Abia Governor Approves First South-East National Park
Governor Alex Otti approves the first National Park in South-east Nigeria, to be sited in Abia State, with 18 forest reserves available for consideration.
Nigeria's Crude Oil Output Drops 4% in July 2026
Nigeria's crude oil production fell 4% to 1.505 million bpd in July 2026, yet exceeded OPEC quota for third month, NUPRC reports.
NUPRC 2025 Oil Licensing Round: 37 Blocks Awarded, 90-Day Deadline Set
NUPRC concluded Nigeria's 2025 licensing round on 21 July, awarding 37 oil blocks to 31 companies. Winners have 90 days to pay signature bonuses, with the government projecting 500 million barrels in new reserves and 300,000 barrels daily production withi
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