Delta, Bayelsa, Akwa Ibom Get 75% of N321.9bn Derivation
Delta, Bayelsa, and Akwa Ibom received 75% of N321.9bn Q1 2026 derivation funds, according to NEITI data. The three oil-rich states dominate allocations.
Category : Business
Agric PMI 24-Month Growth, Private Sector Expands
Nigeria's agriculture PMI rose for the 24th consecutive month in July, signaling sustained expansion as private sector activity also grew, according to Stanbic IBTC.
Petrol Landing Cost Surges Above Dangote Refinery Price
Import parity price of petrol hit N1,365.19/litre, N170.19 above Dangote's N1,195, boosting local refining competitiveness.
Dangote Cuts Petrol Price to N1,165, MRS and AP Adjust
Dangote Refinery reduced petrol to N1,165/litre and diesel to N1,605/litre, prompting MRS and AP to cut pump prices across Nigeria.
Nigeria's New Crypto Tax Rules: Key Facts for Users
The Nigeria Revenue Service issued comprehensive crypto tax guidelines on August 3, 2026, covering registration, reporting, and compliance for digital asset users, including penalties for non-compliance.
Arsenal to Attack Every Trophy in 2026/27, Arteta Vows
Mikel Arteta says Arsenal will target every trophy in 2026/27, aiming to build a dynasty after ending a 22-year Premier League title drought.
Ekiti Governor Rewards Spelling Bee Champion with Scholarship and N2m
Ekiti State Governor Biodun Oyebanji awards full scholarship and N2 million to 14-year-old Damilola Adeolu, who won two gold medals at the World Spelling Bee Championship in Shanghai, China.
Dangote Petrol Price Cut to N1,165 Sparks Depot Competition
Dangote Refinery slashes petrol ex-depot price to N1,165 per litre, triggering depot adjustments and potential retail relief nationwide.
Dangote, Canada PM Discuss Investment Partnerships
Dangote and Canada's PM Trudeau met to discuss investment partnerships, focusing on energy, agriculture, and technology, aiming to boost bilateral trade.
Tinubu: Reforms Drove NGX Firms' H1 2026 Profit Surge
President Tinubu says economic reforms fueled a profit surge for NGX-listed firms in H1 2026, citing policy impacts on corporate earnings.
10 Best 1TB Smartphones in 2026: Samsung, iPhone, Google Lead
Discover the top 10 smartphones with the highest internal storage in 2026, featuring 1TB models from Samsung, Apple, Google, and more. Perfect for creators and professionals.
JSE Courts Dangote Refinery Listing Amid Tensions
Johannesburg Stock Exchange seeks Dangote Refinery secondary listing after $5B IPO, despite strained Nigeria-South Africa business ties.
NUPRC Bets on 22 Offshore Projects to Unlock $50bn
NUPRC targets $50bn investment via 22 offshore projects, aiming to boost Nigeria's oil production to 2.6 million barrels per day by 2027.
Tax Swallows N1.13tn from Arradel, Seplat H1 Profits
Arradel and Seplat saw N1.13 trillion deducted in taxes from their half-year profits, impacting bottom lines significantly.
Ochacho Gives Celebrities 6-Month Ultimatum on Land
Nigerian real estate mogul King Ochacho has given celebrities, including Zlatan and Teni, six months to build on gifted land or lose it. Peller received a finished penthouse instead.
NDIC Begins Reimbursement for 46 Failed MFB Depositors
NDIC starts paying depositors of 46 liquidated microfinance banks, with over 700,000 Heritage Bank customers already compensated. Recovery efforts ongoing.
OPay Sort Code and All USSD Codes: Complete Guide
OPay has no sort code, but its USSD code *955# enables transfers, withdrawals, bill payments, and more. Learn all OPay USSD codes and banking details.
Richest Towns in Anambra State 2026: Top 15 List
Discover the top 15 richest towns in Anambra State as of 2026, including Nnewi, Onitsha, and Awka, with key economic drivers and insights.
Enugu Youths Praise Peter Eze for Merit-Based Federal Jobs
NYCN Enugu commends Federal Commissioner Peter Eze for securing federal jobs and overseas training for youths, citing merit over godfatherism.
Banking Stocks Lift Nigerian Market by N70.6bn
Nigerian equities gained N70.6bn on Wednesday as banking stocks rallied, despite a consumer goods selloff. The All-Share Index rose 0.33% to 98,452.11 points.
FG to Pay N35,000 Wage Award Arrears by Mid-August
Federal civil servants will receive outstanding N35,000 wage award arrears by mid-August, as Finance Minister Taiwo Oyedele assures labour of payment.
Nigerian Entrepreneur Gains Global Fame with Snapchat Lens
Daniel Samuel, founder of DANRAPH Construction, blends construction and AR, creating a Snapchat lens with 1.5 billion views, earning global recognition.
Dangote Refinery Cuts Petrol, Diesel Prices Nationwide
Dangote Refinery slashes petrol price to N1,165 and diesel to N1,570 per litre, reducing costs by N50 and N80 respectively.
Nigerian stocks rebound, investors gain N70.62bn
Nigerian equities rebounded on Wednesday, adding N70.62bn to investors' wealth as the ASI rose 0.04% to 244,912.24 points, ending a two-day losing streak.
Lilypond Customs Export Value Falls 14.4% to $792.6m in Q2
Lilypond Customs Command's export value fell 14.4% to $792.6m in Q2 2026, from $925.8m in Q1, according to official data.
FG to Pay Wage Award, Promotion Arrears by Mid-August
FG will pay outstanding wage award and promotion arrears before mid-August, according to Minister of Finance, Wale Edun.
Dangote Slashes Petrol, Diesel Prices Again, Marketers Adjust
Dangote Refinery cuts petrol by N50 and diesel by N80 per litre, effective August 6, 2026, potentially lowering pump prices.
UK Bars One Foreigner Category from British National Status
The UK government confirmed that British national (overseas) status is only for Hong Kong residents who registered before July 1, 1997; others cannot apply.
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Lagos nightlife economy hits ₦2.9 trillion in 2025
Lagos nightlife generated ₦2.9 trillion in 2025, nearly doubling from ₦1.49 trillion in 2024, as Detty December spending soared.
UAE Mandates Good Conduct Certificate for Ghana Work Visas
The UAE now requires Ghanaians to present a Good Conduct Certificate for employment visas, with both phases effective. Visit visa holders have 45 days to comply.
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