CBN: Maximum Lending Rate Drops to 33.16% in June 2026
The Central Bank of Nigeria reports average maximum lending rate fell to 33.16% in June 2026, down from 34.78% in May, as the MPR stays at 26.5%.
Category : Business
Top NGX Stocks for August 2026 Amid Oil Rate Pressures
Investors eye Nigerian Exchange stocks for August 2026 as oil volatility and interest rate hikes shape market opportunities. Experts recommend defensive sectors.
NCDMB Hails Brentex Petroleum's $50m Steel Pipe Facility
The Nigerian Content Board praised Brentex Petroleum's $50 million steel pipe bending and coating facility at Onne Port, calling it a landmark project that will transform Nigeria's oil and gas logistics.
Enugu State Launches Digital Land Survey Revalidation
Enugu State Government begins Continuous Survey Revalidation and Digitisation to create a fully digital land administration system, protect property rights, and eliminate disputes.
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NiMet Predicts Sunshine and Thunderstorms Across Nigeria
The Nigerian Meteorological Agency forecasts a mix of sunshine and thunderstorms across Nigeria from Sunday to Tuesday, with moderate rains and potential flash flooding in coastal areas.
Kaduna Governor Flags Off Free Fertiliser to 150,000 Farmers
Governor Uba Sani flagged off distribution of 500 trucks of free fertiliser to 150,000 smallholder farmers across Kaduna, marking the third consecutive year.
US Tariff on Nigeria Unlikely to Hurt Economy, CPPE Says
The CPPE says the US 12.5% tariff on Nigerian imports will have limited economic impact because oil exports are exempt and the US is not Nigeria's top export market.
Obi: 24-Hour Power in Four Years Impossible
Peter Obi argues that achieving 24-hour electricity in Nigeria within four years is unrealistic, citing infrastructure and funding challenges.
Brent Crude Falls 5% on US-Iran Pause, Hormuz Shipping Hopes
Brent crude fell 5% to $85/barrel after the US and Iran paused hostilities, raising hopes of reopening the Strait of Hormuz for shipping.
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AMCON Recovers N165 Billion in H1 2026, Plans ntel Divestment
The Asset Management Corporation of Nigeria recovered N165 billion in the first half of 2026 and announced plans to divest from telecom firm ntel, marking a key step in its resolution mandate.
Escrow Plans for Off-Plan Deposits May Fail Buyers
Experts warn that proposed escrow accounts for off-plan property deposits in Nigeria may not safeguard buyers due to weak regulations and enforcement gaps.
Atiku Accuses Tinubu of Finally Adopting His Power Sector Vision
Atiku Abubakar says Tinubu administration spent three years worsening Nigeria's power crisis before adopting a decentralized generation policy he championed since 2003.
Housing Escrow Alone Won’t Protect Homebuyers: Experts
Experts warn that relying solely on escrow accounts is insufficient to protect homebuyers in Nigeria. They call for comprehensive reforms including title verification, insurance, and stronger legal frameworks.
Rice and Tomato Scarcity Warning in 3 Months
Nigerians may face food price hikes within three months as experts warn of declining rice and tomato production, with prices of staples already rising.
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Nigeria's Strategic Shift on Virtual Assets
Nigeria moves from a blanket ban to a regulatory framework for virtual assets, aiming to foster innovation while curbing illicit activities, with a new SEC blueprint.
CPPE: 12.5% US tariff unlikely to hurt Nigeria
The Centre for the Promotion of Private Enterprise (CPPE) explains that the new 12.5% US tariff on Nigerian goods will have minimal impact, citing low export share and diversified trade partners.
Crude Oil at $100: Nigerians Face Higher Petrol, Food Costs
Global crude oil prices have surged above $100 per barrel, prompting experts to warn Nigerians of impending increases in petrol, transport, and food prices as the deregulated market passes on higher costs.
CPPE: New US Tariff Hurts Nigeria Exports
The Centre for the Promotion of Private Enterprise warns that new US tariffs could reduce Nigeria's non-oil exports by up to 15%, urging urgent negotiations.
Top 10 Cheap Household Items Markets in Lagos 2026
Discover Lagos' top 10 markets for affordable household items in 2026, from Balogun to Alaba. Shoppers report savings up to 50% compared to retail stores.
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CBN Plans N700 Billion Treasury Bills Auction for July 2026
The Central Bank of Nigeria plans to raise N700 billion in the third and final treasury bills auction for July 2026, with tenors of 91, 182, and 364 days.
New Petrol and Diesel Prices Across Nigeria After Dangote Hike
Fuel depots across Nigeria adjust petrol and diesel prices after Dangote Refinery raises gantry rates by 13% for petrol and 10% for diesel, with mixed regional impacts.
FG Launches Portal for 26,961 Nigerians in 70 Skills
The Federal Government launches Phase III of the Renewed Hope Employment Initiative, targeting 26,961 unemployed Nigerians across 70 high-demand skills nationwide, with training starting August 2026.
Best Nigerian Stocks Week Ended July 24, 2026
MTN Nigeria, Dangote Cement, and BUA Foods topped the weekly gainers chart as the NSE All-Share Index rose 2.5%, driven by bargain hunting and positive earnings.
FG Plans RESCOs to Compete with DisCos as 19 States Seek Stable Power
The Federal Government will license Renewable Energy Service Companies to compete with DisCos, as 19 states pursue stable power through interconnected mini-grids, says REA MD Aliyu.
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16.99M Nigerians Face Acute Hunger by Jan 2027
A new FEWS NET report warns that 16.99 million Nigerians could experience acute hunger by January 2027 due to rising inflation, conflict, and climate shocks.
Nigerian Man Builds Solar Setup for N4.5 Million, Warns of Fake Panels
A Nigerian content creator assembled a home solar system for N4.5 million, far below installer quotes. He warns that 98% of solar panels sold outside official distributors are fake.
Champion Breweries H1 Pre-Tax Profit Falls 34.1% to N2.28bn
Champion Breweries reported a 34.1% decline in pre-tax profit to N2.28 billion for H1 2026, amid rising costs and challenging economic conditions.
CBN: Currency in Circulation Falls to N5.52 Trillion in June 2026
Currency in circulation in Nigeria dropped to N5.52 trillion in June 2026, down from N5.67 trillion in May, according to the Central Bank of Nigeria's latest data.
Tunde Onakoya launches ₦250m tech scholarship for NYSC
Tunde Onakoya, Sam Otigba and HackSultan launch a ₦250 million tech scholarship for NYSC members and graduates, offering ₦160,000 each, free laptops, mentorship and job placement.
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UK Immigration: Documents Required to Legally Live in UK
The UK requires migrants to provide passports, visas, financial proof, and health records to avoid deportation. Missing documents can lead to visa refusal or loss of status.
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