FG Proposes National Housing Finance Authority for Mortgages
The Federal Government announces plans to establish a National Housing Finance Authority to increase mortgage accessibility and reduce the housing deficit in Nigeria.
Category : Business
Africa Prudential H1 2026 Strategy: Digital Growth
Africa Prudential reported strong H1 2026 results, driving growth through digital transformation and operational efficiency, with a 25% revenue increase.
Champion Breweries Q2 Results Show Strong Growth
Champion Breweries Plc posted a 35% revenue increase in Q2 2026, with net profit up 50%, driven by market expansion and successful group transformation initiatives.
Imo's Bold Investor Pitch: Inside Nigeria's Most Ambitious Drive
Imo State launches an aggressive investment campaign, offering tax breaks, land access, and security guarantees to attract local and foreign investors, aiming to transform its economy.
Nigerian Enamelware Finance Director Lawrence Iseh Dies
Nigerian Enamelware has announced the death of its Finance Director Lawrence Iseh, who served the company for 18 years and was instrumental in its financial stability.
ASIS 2026 Moves From Dialogue to Delivery for Africa’s Future
The Africa Social Impact Summit 2026 concluded with renewed commitments, innovative financing, and a $500 million investment target to drive sustainable development across the continent.
Israel Lists 6 Conditions for Citizenship, Fee Revealed
Israel published six conditions foreigners must satisfy for citizenship, including Hebrew proficiency and residency. Application fee is ILS 195 (approx. N87,022). Applicants must also renounce other nationality.
Comercio Partners: 10 Years Money Market & Living Costs
Comercio Partners' latest report analyzes a decade of money market trends and living costs in Nigeria, highlighting inflation, interest rates, and household spending patterns.
Niger Secures $150m IsDB Loan for 100MW Solar Plant
Niger has secured a $150 million loan from the Islamic Development Bank to construct a 100MW solar power plant, aiming to boost renewable energy capacity and electricity access in the country.
Nigeria's Broad Money Supply Hits N133.25 Trillion Amid Tight Policy
Nigeria's broad money supply rose to N133.25 trillion in June 2026, up N4.04 trillion from May, signaling continued liquidity growth even as the CBN held its policy rate at 26.5%.
HBM Nigeria H1 2026 Profit Hits N317.73 Billion, N16 Dividend
HBM Nigeria reported a 59.08% rise in pre-tax profit to N317.73 billion for H1 2026, driven by strong cement revenue and lower finance costs, and declared an interim dividend of N16 per share.
Africa Upstream Investment Falls to $37bn, Nigeria Dominates
Africa's upstream oil and gas investment fell to $37 billion in 2025, with Nigeria and four other nations accounting for the majority, according to the IEA.
Naira Gains as CBN Steps Up FX Interventions, Dollar Falls
Nigerian naira closed at N1,362/$ at official market after CBN interventions, with FX inflows hitting $1.01 billion and reserves at $52.03 billion.
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African Nations Adopt Abuja Declaration for Cheaper Internet
The 2026 Abuja Declaration commits African nations to cheaper internet, affordable smartphones, and expanded broadband to close the digital divide.
First Holdco, Access, GTCO Lead NGX Trading Value
Three financial stocks—First Holdco, Access Holdings, and GTCO—dominated Nigerian Exchange trading, accounting for 55.79% of total value and 48.51% of volume in a week that saw market cap rise 1.61%.
Aliko Dangote Plans $11.7 Billion Charity Donation in Succession
Africa's richest man Aliko Dangote plans to allocate 33% of his $35.1 billion fortune, approximately $11.7 billion, to philanthropy as part of his family succession plan, his daughter Halima Dangote has confirmed.
Dangote to Donate One-Third of Wealth to Charity
Aliko Dangote plans to donate one-third of his $35.1 billion fortune to charity, his daughter Halima revealed, focusing on health and education through his foundation.
CANAL+ Cuts DStv, GOtv Decoder Prices 40% as Profits Return
CANAL+ cuts DStv and GOtv decoder prices up to 40%, driving a 40% jump in new subscribers and a 160% profit surge as MultiChoice returns to profitability.
Emerging Markets Set to Benefit from Weaker Dollar in H2 2026
Manpreet Gill explains why a weakening US dollar in the second half of 2026 will significantly benefit emerging markets through lower debt costs and higher commodity prices.
Sunbeth Energies Opens First Self-Service Fuel Station
Sunbeth Energies unveils Nigeria's first self-service filling station in Lagos, letting motorists select fuel, pay, and track litres without attendants, with plans for wider rollout.
ASIS 2026: $15B Pledged for Africa Sustainability
ASIS 2026 in Nairobi secured $15 billion in financing commitments for renewable energy, agriculture, and infrastructure across Africa, with 30 countries participating.
S&P Global Acquires Majority Stake in Agusto & Co.
S&P Global has agreed to acquire a majority stake in Nigerian credit rating agency Agusto & Co., marking a key step in its Africa expansion strategy. The deal is expected to close by 2026.
ETI Posts N584.01 Billion Pre-Tax Profit in H1 2026
Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of N584.01 billion for the first half of 2026, driven by strong revenue growth and effective cost management.
Cooking Gas Prices Crash as Imports Surge 1,400%
Cooking gas prices fall across Nigeria after LPG imports surge 1,400% in June 2026, with 6kg cylinders now costing between N7,800 and N9,000.
Lagos Tops IGR Per Capita Ranking, Kebbi Last
Lagos recorded the highest IGR per capita in Nigeria at N74,987, nearly 29 times more than last-placed Kebbi at N2,597, according to the Statisense State Performance Index 2026.
FGN Opens $110M Debt Financing for Tech, Creative Startups
The Federal Government of Nigeria launches a $110 million debt financing window for tech and creative startups under the IDiCE programme to boost innovation and job creation.
All On @10 Hackathon Empowers Youth for Clean Energy
All On's 10th-anniversary Hackathon in Lagos inspired young innovators; Team 'Current Creators' from UNILAG, LASU, and YABATECH won with ColdLink, a digital platform optimizing renewable energy cold-chain logistics.
N3.78 Trillion Liquidity Drives Govt Securities Demand
Nigeria's banking system closed with N3.78 trillion surplus, sustaining strong investor appetite for government securities after CBN held benchmark rate steady.
Japan Tsunami Alert After 7.1-Magnitude Earthquake
Japan issued a tsunami warning after a 7.1-magnitude earthquake struck southern Japan, causing power outages for 45,000 households but no immediate casualties.
FG Approves ₦3.6bn for 200,000 Tailors Under ITF SUPA
The Federal Government has approved ₦3.6 billion to support 200,000 tailors through the ITF's SUPA Programme, replacing starter packs with a business incubation model for sustainable growth.
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