Marketers Praise Dangote Refinery's Free Petrol Delivery
IPMAN praises Dangote Refinery's free petrol delivery, says it eases operational pressures and could lower pump prices, but urges expansion to northern states.
Category : Business
How Nigeria Can Cut Cement Prices and Make Building Cheaper
Nigeria can lower cement prices by cutting energy, production, transport, taxes, and financing costs, according to trade expert Dr. John Isemede.
Petrol Prices Rise in Abuja as Dangote Refinery Adjusts Rates
Petrol prices in Abuja have risen to ₦1,230–₦1,299 per litre after Dangote Refinery increased its ex-gantry price to ₦1,185, reversing recent reductions and adding pressure on motorists.
Apapa Customs Records N28.1bn Single-Day Revenue
Apapa Customs Command generated N28.1 billion in a single day, the highest ever recorded, surpassing its monthly target and boosting 2026 revenue.
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Bitcoin hits highest since May on US policy rally
Bitcoin surged to its highest level since May, driven by US policy shifts. The cryptocurrency jumped 5% to $70,000, according to analysts, as investors react to new regulatory clarity and institutional adoption.
Top Nigerian Stocks Week Ended Aug 21, 2026
Learn which Nigerian stocks gained the most in the week ended August 21, 2026, with top gainers and market performance insights.
Africa's Top 10 Airlines Account for 8.08 Million Seats
Africa's top 10 airlines offer 8.08 million seats in August 2026, a 5% increase from last year, with Ethiopian Airlines leading the market.
Ero-Arike Workers Plead With Nigerians Over APC Election Backlash
Workers and marketers of Ero-Arike herbal balm appeal to Nigerians to keep buying the product despite backlash over owner Falilat Oyetunji's APC support in Osun election.
SEC Nigeria Proposes N1m Cap Per Issuer, N10m Annual For Retail Crypto
Nigeria’s SEC proposes a new framework limiting retail crypto investments to N1 million per issuer and N10 million annually, aiming to protect investors while fostering innovation.
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Sahara Turns 30: What Lies Ahead for the Conglomerate?
Sahara Group marks its 30th anniversary, reflecting on three decades of energy leadership and outlining future growth plans in Africa and beyond.
MTN Nigeria Closes Y'ello Street Museum After 25th Anniversary
MTN Nigeria has closed its Y'ello Street Museum in Lagos, marking the end of its 25th anniversary celebrations, which showcased the company's journey and telecom evolution in Nigeria since 2001.
Australia Releases Weekly Earnings Data for Engineering Roles
Australia's Jobs and Skills Australia publishes weekly earnings for 10 engineering roles. Engineering managers top the list at $3,519, while production workers earn the least at $1,656.
SEC Sets N30m Registration Fee, N2bn Capital for Crypto Firms
Nigeria's SEC mandates N30 million registration fee and up to N2 billion capital for crypto firms, effective immediately, to regulate digital assets.
UBA secures NGX approval to publish H1 2026 results by Sept 30
UBA received NGX approval to release its H1 2026 unaudited financial results by September 30, 2026. The bank confirmed the date in a regulatory filing, ensuring transparency for investors.
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FG targets 10m homes with cooking gas, free refills for thousands
FG plans to expand the National Grassroots LPG Penetration Programme to 10 million Nigerian households by 2060, with 27,000 cylinders for Akwa Ibom women.
Prestige Assurance appoints Seetharaman Sivasankar as Non-Executive Director
Prestige Assurance Plc has appointed Seetharaman Sivasankar, a veteran with over 36 years at India's NICL, as Non-Executive Director, effective August 20, 2026, subject to regulatory approval.
Canada to Admit 230,000 Foreign Workers in 2026, Nigerians Eligible
Canada plans to admit 230,000 foreign workers in 2026 via TFWP and IMP. New rules allow small businesses to hire more low-wage workers. Nigerians eligible.
Tony Elumelu Becomes Dollar Billionaire as Seplat Stake Soars Past $1B
Tony Elumelu's 20.07% stake in Seplat Energy, held via Heirs Holdings, now exceeds $1 billion, doubling in eight months after a $500 million acquisition.
Tinubu's Reform Scorecard: More Money, Same Old Priorities
President Bola Tinubu's reform scorecard reveals increased revenue but unchanged spending priorities, according to a new analysis by Nairametrics.
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Naira Gains 0.84% as FX Turnover Doubles to $4.52 Billion
The naira appreciated 0.84% to N1,346.90/$ at NAFEM on August 21, 2026, as weekly FX turnover surged 107.6% to $4.52 billion, with reserves hitting $52.02 billion.
Tinubu directs EFCC funds, dividends to NELFUND
President Tinubu has directed that liquid funds recovered by EFCC and unclaimed dividends from trust funds be channelled to NELFUND, boosting student loan finances.
UBA appoints Ibrahim Puri as non-executive director, subject to CBN nod
UBA has approved the appointment of Ibrahim Puri as a Non-Executive Director, pending CBN approval. The board, led by Tony Elumelu, expressed confidence in his 35+ years of experience.
Dangote Offers 30% Stake in Kenyan Refinery to East Africa
Dangote Group offered East African nations a 30% stake in its planned 700,000 bpd Lamu refinery, with Kenya taking 10% for about $1.5 billion, according to Bloomberg.
Trump Eases Beef Import Tariffs: 90-Day Deal to Lower Prices
Trump announced a 90-day deal allowing 300,000 metric tons of beef imports duty-free, sold 25% below market rates, to lower record-high US prices.
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Naira Hits N1,346.90/$ as Weekly FX Turnover Doubles to $4.5bn
The naira appreciated to N1,346.90/$ in the official market as weekly FX turnover doubled to $4.5 billion, driven by increased dollar supply and positive market sentiment.
PENCOM Clarifies 38% Drop in Pension Remittances
PENCOM says the 38% decline in pension contributions in Q1 2026 is due to one-off government payments in 2025, not a systemic issue.
Local Investors Flood NGX as Domestic Transactions Hit Record N10.68trn
Domestic transactions on the NGX hit a record N10.68 trillion in 2025, accounting for 81% of total trades, as local investors flood the market.
Africa's Next Economic Advantage: Seamless Trade
Africa's next economic advantage will be seamless trade, reducing barriers to boost intra-continental commerce and unlock growth potential.
FG: Agrotourism to unlock rural economies, create jobs
Federal Government says agrotourism will unlock rural economies by blending agriculture with tourism to create jobs, ensure food security, and attract investment, according to Minister Abubakar Kyari.
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Top 10 Consumer Goods Firms in Nigeria by H1 2026 Revenue
Nigerian Breweries leads H1 2026 revenue with N803bn, while BUA Foods dominates profits with N292.26bn. Combined top 10 revenue exceeds N3.5 trillion.
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