N3.78 Trillion Liquidity Drives Govt Securities Demand
Nigeria's banking system closed with N3.78 trillion surplus, sustaining strong investor appetite for government securities after CBN held benchmark rate steady.
Category : Business
Japan Tsunami Alert After 7.1-Magnitude Earthquake
Japan issued a tsunami warning after a 7.1-magnitude earthquake struck southern Japan, causing power outages for 45,000 households but no immediate casualties.
FG Approves ₦3.6bn for 200,000 Tailors Under ITF SUPA
The Federal Government has approved ₦3.6 billion to support 200,000 tailors through the ITF's SUPA Programme, replacing starter packs with a business incubation model for sustainable growth.
Naira Rebounds Sharply Against British Pound, Settles at N1,814
The Nigerian naira staged a sharp recovery against the British pound, settling at N1,814 in the official market, marking a significant gain amid increased dollar supply.
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FMBN Launches Diaspora NHF Mortgage Loan for Nigerians Abroad
The Federal Mortgage Bank of Nigeria (FMBN) will launch its Diaspora National Housing Fund (NHF) mortgage loan on August 7, 2026, enabling Nigerians abroad to access housing finance.
Nigeria Set for 154M Litres Imported Petrol from 5 Vessels
Nigeria expects 154.2 million litres of imported petrol this week via five vessels arriving Lagos and Calabar, despite increased local refining and Dangote's naira sales.
Dangote's Heirs Pledge One-Third of Fortune to Charity
Heirs of Aliko Dangote plan to donate one-third of his $35.1 billion wealth to charity, continuing his legacy of philanthropy and impact in Nigeria and beyond.
FG Grants ₦50,000 to One Million Nano Businesses for Relief
The Federal Government has launched a ₦50,000 grant scheme for one million nano businesses, targeting traders, vulcanisers, and artisans with no repayment obligation.
NLC: ₦70,000 minimum wage is poverty, fresh battle ahead
NLC declares ₦70,000 minimum wage a poverty wage, demands negotiations for a living wage as cost of living soars. Labour also criticises workers' rights violations and delayed Labour Bills.
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Canada Invites Skilled Nigerians for Jobs in High-Demand Sectors
Canada has launched a campaign inviting skilled professionals, including Nigerians, to apply for jobs in sectors facing labor shortages, such as STEM, healthcare, and skilled trades.
World Bank Ex-Chief: Nigeria's Debt Deals Could Backfire
A former World Bank president warns that Nigeria's lack of transparency in debt agreements could lead to severe economic consequences, urging immediate reforms.
FCMB Group H1 2026 Profit Up 99% to N157.3bn
FCMB Group announced a 99% increase in profit before tax to ₦157.3 billion for the first half of 2026, sustaining strong performance and highlighting robust operational efficiency.
Cash Outside Banks Hits Seven-Month Low, Drops N485.80B
Cash outside banks in Nigeria fell to a seven-month low in June 2026, dropping by N485.80 billion month-on-month, according to CBN data.
Nigeria Manufacturers Sink Deeper No Relief
Nigerian manufacturers face crippling costs and policy paralysis, pushing many to the brink of collapse with no government relief in sight.
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Nigeria's $4.38B FX Turnover May Hide Liquidity Risks
Nigeria's foreign exchange turnover hit a record $4.38 billion, but the Association of Exchange Rate warns this masks underlying liquidity risks that could destabilize the naira.
FG Targets $4.4 Billion SAPZ Investment with 30.85% Return
The Federal Government aims to attract $4.4 billion in private investment for Special Agro-Processing Zones, projecting a 30.85% rate of return to boost agricultural output.
Untapped Talents in Africa Ready to Flourish – Elumelu
Awele Elumelu highlights Africa's immense untapped talent pool, calling for investment in youth and technology to unlock potential across the continent.
Lamata to Prosecute Cash-Paying Commuters on Buses from August
Lagos State transport authority LAMATA will begin prosecuting commuters who pay cash on regulated buses starting August 1 as part of the cashless policy enforcement.
Nigerian Equities Fall 0.05% on Profit-Taking
Nigerian equities fell 0.05% on Wednesday as profit-taking continued in large-cap stocks, dragging the NGX All-Share Index down to 66,432.15 points.
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Simon Yiming Ma: Life and empire of Camelot CEO
Simon Yiming Ma, founder and CEO of Camelot Information Systems, built his fortune by growing the company into a leading enterprise digital transformation provider after working at IBM.
Sijibomi Ogundele Car Wash Plan to Rebuild Wealth
Sujimoto Group CEO Sijibomi Ogundele outlines a step-by-step plan to restart from zero: washing 30-40 cars daily for ₦40,000, scaling to hire workers, then expanding into food distribution.
FCMB Posts N157.3bn Pre-Tax Profit in H1 2026
FCMB Group Plc announced a pre-tax profit of N157.3 billion for the first half of 2026, driven by a 45% increase in net interest income to N210 billion amid strong loan growth.
South Africa eVisa: 18 African Nations Eligible
South Africa's eVisa system includes only 18 of 54 African countries. Learn the full list of eligible nations across Africa, Europe, Asia, and the Americas.
Nigeria faces rice, tomato shortages in 3 months
Nigeria faces severe shortages of rice, tomatoes, peppers, and onions within three months due to rising transport costs, post-harvest losses, and insecurity, OTACCWA warns.
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Call Barring on MTN, Airtel, Glo, 9Mobile: How to Activate & Deactivate
Call barring uses standard GSM USSD codes to block incoming/outgoing calls on MTN, Airtel, Glo, and 9Mobile. The default PIN is 0000. Dial *33*PIN# to activate, #33*PIN# to deactivate.
Germany Publishes List of 5 High-Demand Jobs for Foreign Workers
Germany has released an official list of five professions urgently needing skilled foreign workers in 2026, including physicians, engineers, IT specialists, scientists, and craftspeople.
Nigerian Stock Market Loses N76.56bn on Profit-Taking
The Nigerian stock market extended its losing streak on Monday, with investors losing N76.56 billion as profit-taking dragged the benchmark index lower, driven by selling pressure in banking, insurance, and consumer goods stocks.
Top 10 Tech Layoffs of 2026 Cut Over 76,000 Jobs
Over 76,000 tech workers lost jobs in 2026 from the top 10 layoffs, led by major firms. The cuts hit cloud, hardware, and AI teams hardest, with some sectors seeing double-digit reductions.
How to Reply to a Query Letter for Misconduct Guide
Learn how to professionally respond to a query letter for misconduct at work or school with expert tips, sample responses, and key takeaways to avoid disciplinary action.
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MOJEC Meter Codes and Troubleshooting: Fix Failed Messages
Learn MOJEC meter codes and troubleshooting steps to fix failed messages, error codes like Error 1, 2, 3, 6, 10, 12, and reset procedures for AEDC and Ikeja Electric prepaid meters.
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