FAAN Rolls Out V-Pass Biometric for Faster Domestic Air Travel
FAAN launches V-Pass, a biometric identity system using facial recognition for domestic travelers, reducing reliance on physical IDs and enhancing security.
Category : Business
Infinix HOT 70 Pro Launches in Nigeria with AI and IP68
Infinix officially launches the HOT 70 Pro across Nigeria, featuring the Active Matrix Cube, IP68 water resistance, 5G, and AI tools for students and creators.
Akwa Ibom Suspends Waste Evacuation Officers After Floods
Akwa Ibom State government has suspended waste evacuation officers following devastating floods that caused widespread damage and displaced thousands of residents.
CPPE warns rising food prices biggest challenge to inflation
The CPPE warns that rising food prices remain Nigeria's biggest inflation challenge despite a slight headline rate decline to 15.91% in June, urging structural reforms.
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Ogun Extends Transport Allowance for Workers by Three Months
Ogun Governor Dapo Abiodun extends one-day-off-duty palliative and approves ₦10,000 monthly transport allowance for July-September 2026 to cushion fuel price hike impact.
Enugu Housing Corp unveils demand-driven affordable housing model
The Enugu State Housing Development Corporation (ESHDC) has unveiled a demand-driven approach to affordable housing, emphasizing location, accessibility, and private-sector partnerships to tackle Nigeria's housing deficit.
Nigerian Equities Slip as BUA Cement Drags Market Despite Rally
Nigerian equities fell 0.07% on Thursday as BUA Cement's decline offset First Holdco's record rally, with market cap dropping to N56.4 trillion.
Peru Visa-Free Entry: Only South Africa Among African Nations
Peru's official tourist visa exemption list includes only one African country: South Africa. South Africans can stay up to 183 days without a visa.
Lady Refills 12.5kg Gas Cylinder for N16,000, Sparks Debate
A Nigerian lady refilled her 12.5kg cooking gas cylinder for N16,000 at N1,300 per kg. Her post on X sparked reactions from Nigerians comparing prices across cities, with some confirming lower rates and others warning of possible price hikes.
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Tinubu unveils $3.05bn poverty reduction programmes
President Tinubu launches $3.05bn initiatives to reduce poverty and boost human capital, targeting health, education, and social protection for millions of Nigerians.
40 Years After SAP, Experts Call for Developmental State Model
At a conference in Abuja, labour leaders, economists, and civil society groups declared Nigeria's market-driven economic model a failure, calling for a developmental state model with state intervention and social protection.
Stock Market Extends Losses, Investors Lose N32bn
The NGX All-Share Index fell 0.09% on July 16, 2026, wiping N32.16bn from investors' wealth. Despite 27 gainers vs 23 losers, profit-taking in large caps drove the decline.
Globacom 23 Years: Remembering Nigeria's Forgotten
Globacom's 23-year journey is marked by per-second billing and a focus on ordinary Nigerians, making connectivity an affordable utility for millions.
CBN Targets $1 Billion Monthly Diaspora Remittances by Year-End
The Central Bank of Nigeria aims to achieve $1 billion in monthly diaspora remittances by year-end, with foreign reserves climbing to $38 billion, driven by policy reforms and improved forex liquidity.
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SEC Recovers N270 Billion Unclaimed Dividends Campaign
The SEC has launched a nationwide campaign to recover N270 billion in unclaimed dividends, targeting investors and companies to reunite funds with rightful owners.
CAC to Strike Off 100,000 Nigerian Companies, Gives 90-Day Deadline
The Corporate Affairs Commission has begun striking off 100,000 companies for failing to file annual returns. Affected firms have 90 days to comply or face delisting.
US Embassy Kenya Jobs: Salaries Up to KSh3.86 Million
US Embassy in Kenya announces 7 job vacancies across departments, with annual salaries up to KSh3.86 million. Applications close July-December 2026.
Uber to acquire Delivery Hero in £12.7bn deal
Uber has agreed to acquire German food delivery company Delivery Hero for €12.7 billion ($14.6 billion), marking one of the largest deals in the global food delivery industry.
Dangote Refinery Dollar Petrol Pricing Defended
Nigeria's petroleum regulator defends Dangote Refinery's dollar-pricing policy for petrol, citing the Petroleum Industry Act. Marketers warn of forex pressure.
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CBN Launches Digital Tracker for Dollar Sales, Tightens BDC Rules
The Central Bank of Nigeria introduces the FX BDC Purchase Tracker for real-time monitoring, stricter KYC rules, and anti-speculation measures to reform the foreign exchange market.
CBN Launches BDC FX Tracker, Orders 24-Hour Resale of Unused Dollars
The Central Bank of Nigeria launches a BDC FX Tracker to monitor dollar sales, ordering BDCs to resell unused dollars within 24 hours to curb hoarding and stabilize the naira.
Lagos Blue Line Hits 8M Passengers, Phase II T-Beam Installed
Lagos Blue Line rail has transported 8 million passengers since launch. Phase II construction marks milestone with first T-beam installation, expanding the metro line.
Bone Straight Hair: Signature of Vietnamese Hair Factories
Bone straight hair from Vietnam is a top choice in Nigeria due to its thin yet strong strands, aligned cuticles, and ability to dye hot trend colors. This guide covers advantages, production, colors, prices, and importing tips.
Naira Rebounds Against Dollar as CBN Unveils Stronger Official Rate
The Nigerian naira gained against the US dollar to N1,382.18/$1 in the official market as CBN data shows improved liquidity and reduced corporate demand, though FX turnover fell 50% to $121.73 million.
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Top 10 Most Expensive States in Nigeria June 2026
Lagos tops the list of the most expensive states to live in Nigeria in June 2026, with a cost of living index of 89.2, followed by Abuja and Rivers.
UAE Releases 5-Year Tourist Visa Requirements Without Sponsor
The UAE has clarified that travellers of all nationalities can apply for a five-year multiple-entry tourist visa without a sponsor, requiring a $4,000 bank balance and valid documents.
CBN Retains $150,000 Weekly BDC Forex Cap, Issues New Guidelines
The Central Bank of Nigeria has upheld the $150,000 weekly foreign exchange purchase limit for Bureau De Change operators while introducing new operational guidelines and a digital tracking platform.
Aradel Holdings Wins Two Awards at 2026 NOG Energy Awards
Aradel Holdings Plc won two awards at the 2026 NOG Energy Awards, including Best Indigenous E&P Company and Best Community Development Initiative.
Nigeria Has No Business Being Poor – VP Shettima
Vice President Kashim Shettima declared Nigeria has no business being poor, citing Indonesia's 2025 palm oil revenue of $25 billion surpassing Nigeria's crude oil income.
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Colombia Grants Visa-Free Entry to Only One African Nation
Colombia allows visa-free entry to 102 nationalities, but only Morocco from Africa qualifies for stays under 90 days. Other Africans need a visa or conditional exemptions.
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