Petrol Prices Surge as Depots Release New Loading Rates
Depot petrol prices rose by up to N118 per litre after Dangote Refinery shifted to dollar sales. Talks with government may restore naira transactions.
Category : Business
WASPAN vs FCCPC: Digital Lending Regulations in Court
The Federal High Court in Lagos will deliver a landmark judgment on Monday, July 20, 2026, in a case challenging the FCCPC's DEON Regulations 2025, impacting 40 million subscribers.
CBN issues new BDC forex purchase guidelines with electronic tracker
The Central Bank of Nigeria has released detailed guidelines for BDC operators to purchase forex via the NFEM, introducing an electronic tracking portal and strict compliance rules.
Renewed US-Iran Tensions Reverse Petrol Price Relief Hopes
Nigerians hoping for petrol price cuts may wait longer as renewed US-Iran tensions push crude oil above $87, reversing earlier declines from the ceasefire.
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Kaduna Govt Reaffirms Commitment to Reducing Malnutrition
Kaduna State Government has reaffirmed its commitment to reducing malnutrition by strengthening coordination and improving nutrition programme implementation across all 23 LGAs.
BOI secures €60m EIB facility for cocoa, dairy value addition
The Bank of Industry has secured a €60 million credit facility from the European Investment Bank to boost Nigeria's cocoa and dairy processing, aiming to shift from raw bean exports to local manufacturing.
UBA Series: Customer Insights and Tech Shape Africa's Next Billion-Dollar Firms
UBA hosted its quarterly Business Series in Lagos, exploring how customer feedback and technology drive high-growth businesses, with a focus on financial inclusion, creative economy, sports, and SMEs.
Aradel Holdings Wins Two Top Honours at 2026 NOG Energy Awards
Aradel Holdings Plc won the Energy Excellence Award and its CEO Adegbite Falade received the Lifetime Achievement Award at the 2026 NOG Energy Awards.
Iron Capital Wins Nigeria's Best Investment Bank at Euromoney 2026
Iron Capital has been named Nigeria's Best Investment Bank for Financing Solutions at the Euromoney Awards for Excellence 2026, recognizing its transformative capital structuring across Africa.
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FG Launches $1.07B Programmes for Health, Education, Poverty
The federal government launched $1.07 billion in development programmes to strengthen primary healthcare, governance, education, and poverty reduction as part of Nigeria's economic recovery agenda.
Cooking gas price drops in Enugu, dealers cite improved supply
The price of LPG (cooking gas) has dropped in Enugu to between N1,400 and N1,500 per kg, down from N1,700-N1,900 in June, due to improved supply and government intervention.
Abia Govt, Investors Push $145m Solar Plant
The Abia State Government and investors are advancing a $145 million solar manufacturing plant under PPP, with Governor Otti reaffirming commitment to the project.
Shettima charges local govt chairmen to drive Nutrition 774
Vice President Kashim Shettima has directed ALGON to strengthen Local Government Committees on Food and Nutrition under the Nutrition 774 Initiative to improve grassroots nutritional outcomes.
Nigeria to Commission 11 Pharma Projects in 2026
Nigeria will commission at least 11 pharmaceutical manufacturing projects in 2026 to boost local drug production, strengthen health security, and position the country as a regional hub, the federal government announced.
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Lasaco Posts N384.9M Profit in H1 2026 on Cost Cutting
Lasaco Assurance returned to profitability in H1 2026 with N384.9 million net profit, reversing a N731.5 million loss a year earlier, driven by cost reductions despite a 3.2% revenue decline.
Ekiti IGR rises to N2.7bn monthly, achieves 51% target
Ekiti State's monthly IGR rose from N2.1bn in January to N2.7bn in May and June 2025, achieving 51% of its annual target without new taxes, says EKIRS chairman Olaniran Olatona.
Explosion at Enugu substation causes power outage
An explosion at MainPower Electricity Distribution Company's injection substation in Gariki, Enugu, has caused power outages in multiple areas. The company is working to restore supply.
Zino Aviation CEO: Why Many Licensed Nigerian Pilots Remain Unemployed
Zino Aviation CEO explains why many licensed Nigerian pilots remain unemployed, citing high training costs, low airline capacity, and regulatory hurdles as key factors.
Africa Prudential H1 2026 Pre-Tax Profit Up 21.68% to N2.41B
Africa Prudential's H1 2026 pre-tax profit rose 21.68% to N2.41 billion, driven by strong revenue growth across its core business segments.
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CIBN Expects CBN to Hold Benchmark Interest Rate at 26.5%
The Chartered Institute of Bankers of Nigeria (CIBN) predicts the Central Bank of Nigeria (CBN) will maintain the benchmark interest rate at 26.5% at the upcoming MPC meeting.
Elon Musk Loses $45 Billion as SpaceX Shares Tumble
Elon Musk's net worth dropped by $45 billion following a sharp decline in SpaceX shares after the Starship launch failure, raising concerns about the company's valuation.
Transcorp Power H1 Profit Dips 6.37% to N54.99bn, Declares N1.50 Dividend
Transcorp Power reported a 6.37% decline in H1 pre-tax profit to N54.99 billion, despite revenue growth of 167%. The board declared an interim dividend of N1.50 per share.
Founders of Nigeria's Largest Supermarket Chains
Discover the entrepreneurs behind Nigeria's top supermarket chains like ShopRite, Spar, and Justrite, and their journeys to retail success.
Kazakhstan's 2026 Visa-Free Entry List for 48 Countries
Kazakhstan's Foreign Office published the official list of 48 countries whose citizens can enter without a visa in 2026, with stays up to 30 days and strict passport requirements.
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Top 10 African Countries Highest Inflation June 2026
In June 2026, Zimbabwe, Sudan, and Ethiopia top the list of African nations with the highest inflation rates, as reported by the African Development Bank.
Taiwan Names Only African Country for eVisa in 2026
Taiwan has announced that Mauritius is the only African country whose citizens can apply for its eVisa in 2026, with a 30-day stay allowed.
China Boosts Ebola Aid to $4.5 Million with New $2.5M Donation
China increased its Ebola response support to $4.5 million with an additional $2.5 million donation to combat the outbreak in West Africa.
TCN Announces 2-Day Power Outage in Six Northern States
The Transmission Company of Nigeria (TCN) has announced a two-day electricity outage in six northern states for critical maintenance work, affecting Bauchi, Gombe, Yobe, Borno, Adamawa, and Taraba.
Otedola's First HoldCo Stake Tops $530m on Record Share High
Femi Otedola's 20.42% stake in First HoldCo is now worth about $530 million after shares surged 9.98% to a record N79.35, driven by strong earnings and investor confidence.
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Dangote Refinery Terminal Hits 1,100 Tanker Calls
Dangote Refinery's offshore terminal has recorded over 1,100 tanker calls since operations began, marking a major milestone in Nigeria's refining capacity.
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