Oil Hits $100; Nigeria Fuel Costs to Rise
Oil prices hit $100/barrel after Houthi attacks on Saudi tankers. Nigeria faces fuel price hikes despite potential crude revenue gains.
Category : Business
Nigerian equities market rebounds with N1.58 trillion gain
The Nigerian equities market rebounded strongly, posting a N1.58 trillion gain as investors returned to blue-chip stocks, reversing previous losses.
Enugu Airport Runway Excursion Disrupts Benin Flights
A runway excursion at Enugu Airport forced closure of the runway, disrupting flights to Benin and causing delays. Authorities are investigating.
UK PM recreates Bus Aunty Bemi's video for £2 bus fare cap
UK Prime Minister Andy Burnham featured Nigerian-born creator Bus Aunty Bemi in a video announcing a £2 bus fare cap across England, effective January 2027.
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FAO-WFP Report Names 5 Countries With Worst Hunger Crises
FAO-WFP Hunger Hotspots report identifies Sudan, Gaza, South Sudan, Haiti, and Mali as the world's worst hunger crises, with famine confirmed in parts of Sudan and Gaza.
Commercio Partners Report: 10 Years of Money Market
A new report from Commercio Partners reveals that Nigeria's money market has grown 150% in a decade, while living costs surged 200%, outpacing income growth and widening inequality.
UK Releases Updated List of Banned Items for 2026 Travelers
The UK has released an updated list of prohibited and restricted items for 2026 travelers, including drugs, weapons, and counterfeit goods, with strict enforcement at borders.
Nigeria Can Build Leading African Exchange: Popoola
NGX Group CEO Temi Popoola says Nigeria has the fundamentals to build a leading African exchange, citing reforms and market potential.
Mobile Money Infrastructure Behind Betpawa Instant Bonus
Betpawa's instant locker room bonus relies on a robust mobile money infrastructure, processing millions of transactions daily across Nigeria.
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FG Launches YouthCred Loan: Up to N5 Million for Youth
CREDICORP launches YouthCred with three loan products for NYSC, salaried workers, and entrepreneurs aged 18-39, offering up to N5 million without collateral.
BUA Cement H1 2026 Pre-Tax Profit Surges 79% to N384.44bn
BUA Cement's H1 2026 pre-tax profit surged 79% to N384.44 billion, driven by a 72% revenue jump to N1.16 trillion, despite a 63% rise in finance costs.
Apply for N10m iDICE Scheme in Nigeria: Step-by-Step Guide
Young Nigerian entrepreneurs can now apply for the iDICE Startup Bridge programme, offering mentorship and funding up to N10 million. Follow this step-by-step guide.
South Africa Holds Interest Rate at 7% as Inflation Rises
South Africa's central bank kept its benchmark interest rate unchanged at 7% despite rising inflation and a weakening rand, prioritizing price stability.
Dangote Confirms $2.5 Billion Private Placement
Dangote Industries has successfully completed a $2.5 billion private placement, marking a major milestone in its expansion plans across Africa.
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Nigerians Pay 130% More for Okada Fares Under Tinubu
Okada fares surged 130% from N464.55 in May 2023 to N1,072.51 in May 2026, driven by petrol subsidy removal and naira depreciation, according to NBS data.
Naira Surges as FX Transactions Hit $1.5 Billion in One Day
Nigeria's FX market recorded a massive $1.5 billion single-day turnover, strengthening the naira. CBN Governor Cardoso credits reforms for boosting net reserves to $40 billion.
19 Non-African Countries Nigerians Can Visit Visa-Free in 2026
Nigerian passport holders can visit 19 countries outside Africa visa-free or on arrival in 2026, including Caribbean, Asian, and Oceanian destinations, per Henley Passport Index.
Dangote Completes $2.5 Billion Private Placement
Dangote Group confirms the successful completion of its $2.5 billion private placement, marking a major milestone in the company's expansion plans.
Nigerian Banks Start 7.5% VAT on ATM Card Fees, NRS Clarifies
Nigerian banks and fintechs have begun deducting 7.5% VAT on ATM card issuance and maintenance fees. The Nigerian Revenue Service clarifies this is not a new tax but enforcement of existing VAT rules on service fees only.
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Crude Oil Nears $100 as Middle East Conflict Rattles Markets
Crude oil prices surged toward $100 per barrel as renewed conflict in the Middle East disrupted supply expectations, stoking global market volatility.
MTN Nigeria Asks Customers to Trade Old SIM Packs for Prizes
MTN Nigeria launched a nostalgia campaign asking customers to bring old SIM packs, recharge cards, dongles, and phones to 8 locations for prizes, sparking mixed reactions on coverage and rewards.
Arla Foods German Ties Reshape Nigeria Dairy Future
Arla Foods deepens German-Nigerian dairy collaboration, boosting local production, sustainability, and market access through new partnerships and investments.
Transcorp Group Posts N75.9 Billion Pre-Tax Profit in H1 2026
Transcorp Group reported a pre-tax profit of N75.9 billion for H1 2026, a 45% increase from N52.3 billion in H1 2025, driven by strong performance across its power, hospitality, and energy businesses.
CREDITCORP Scheme Solves 3 Key Problems for Nigerians
The Federal Government's CREDITCORP C.L.I.C.K.D programme provides affordable loans for laptops, solving high upfront costs, lack of instalments, and boosting local hardware manufacturing.
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Keystone Bank Empowers Nigerian Children Youths
Keystone Bank has launched multiple initiatives to empower Nigerian children and youths, including financial literacy programs and educational support, reaching over 10,000 young people nationwide.
CBN Credit to Private Sector Rises to N83.26 Trillion in June 2026
The Central Bank of Nigeria's credit to the private sector rose to N83.26 trillion in June 2026, a 0.4% increase from May's N82.94 trillion, driven by economic recovery and policy support.
Naira Rebounds Against US Dollar as FX Liquidity Improves
The naira appreciated against the US dollar in official and parallel markets on July 22, 2026, following improved FX liquidity. Total turnover rose 29% to $416.42 million, supported by foreign portfolio inflows and exporter participation.
First Holdco Projects N1.2 Trillion Profit in 2026
First Holdco Plc forecasts a 2026 profit of N1.2 trillion, up 15% from 2025, driven by banking, telecom, and energy expansion.
Qatar National Day 2026: Next Public Holiday Date
Qatar's next public holiday is expected on December 18, 2026, for National Day. Residents await official confirmation from the Amiri Diwan.
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Guinness Nigeria Q2 Results: N7 Interim Dividend Declared
Guinness Nigeria posts strong Q2 results and declares an additional N7 interim dividend per share, reflecting robust financial performance.
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