Petrol depot prices fell across Lagos, Port Harcourt and Warri by N5 to N25 per litre, with Bulk Strategic, Sigmund, Optima, Matrix and other depots reducing ex-depot loading rates, adding downward pressure on fuel costs.
FairMoney Microfinance Bank deploys 100,000 PoS terminals across Nigeria, leveraging merchant transaction data to unlock business loans for MSMEs, prioritizing quality over quantity in the competitive payments market.
Nigeria's FX market hit a record $4.4 billion in transactions, sparking speculation over mystery deals and raising questions about CBN policies.
Samsung unveils Galaxy Z Fold8 Ultra, Fold8, and Flip8 at London event. Prices range from ₦2.54 million to ₦5.73 million. New passport-shaped design, upgraded AI, and improved durability.
Uncertainty over control of the Strait of Hormuz triggered the collapse of the US-Iran truce, causing a sharp rise in global oil prices, analysts say.
Moniepoint's 2025 Impact Report reveals women-owned businesses default 2.5 times less than men, despite receiving only 36% of loans. Credit Direct data confirms lower delinquency rates.
Yinka Ogunbiyi, a 27-year-old Nigerian-American engineer, developed HaloBraid, the world's first braid-assist robot, earning praise from the US Mission in Nigeria.
Access Bank launches an AI-driven app to help Nigerian SMEs track sales, inventory, and staff remotely. Experts warn 50% of small businesses fail in their first year.
The National Insurance Commission (NAICOM) reports that more than 70% of insurers have completed verification for recapitalisation, meeting the July 31 deadline.
A new report ranks African cities by luxury hotel pipeline in Q3 2026, highlighting Cairo's lead and emerging markets like Nairobi and Lagos.
The U.S. Mission in Nigeria clarified that a Customs and Border Protection officer, not the visa expiration date, determines how long a visitor can stay in the United States upon arrival.
Nigeria faces severe shortages of rice, tomatoes, peppers, and onions within three months due to declining production, post-harvest losses, and rising transport costs, warns OTACCWA.
Digital lending apps in Nigeria face scrutiny as annual interest rates exceed 300%, trapping borrowers in debt. Dele Oye urges CBN to cap rates and strengthen consumer protections.
The Central Bank of Nigeria plans to raise N700 billion in its third and final treasury bills auction for July 2026, with maturities across 91-day, 182-day, and 364-day tenors.
The naira rose N18.09 week-on-week to N1,362.09/$ in the official market, defying a stronger dollar globally, driven by surging FX turnover and record external reserves of $52.52B.
Peter Obi outlines a comprehensive plan to transform Nigeria's economy from consumption-driven to production-focused, aiming to boost local manufacturing and reduce imports.
Nigeria's crypto market has surged past $1.5 billion in annual trading, forcing regulators to consider new policies. The growth is too large for authorities to ignore, with young investors leading adoption.
Women-owned businesses in Nigeria have a default rate 2.5 times lower than male-owned businesses, according to Moniepoint's 2025 Impact Report, challenging traditional credit risk assumptions.
Sir Ian Wood, the billionaire founder of Wood Group and one of Scotland's richest men, has died peacefully at his home in Aberdeen at the age of 84.
Linkage Assurance Plc successfully completed a N16.2 billion Rights Issue, meeting NAICOM's N15 billion minimum capital requirement ahead of the July 31, 2026 deadline.
Dangote Refinery blamed fuel importers for withholding supply, prompting its return to naira petrol sales at N1,215 per litre to avert shortage.
Nigeria has overtaken South Africa to become Africa's largest banking market by customer numbers, led by Access Bank with 60 million clients, though no Nigerian bank ranks in the top 10 by assets.
Zedcrest Wealth app offers unique stock trading features including fractional shares and zero commission, making investing accessible to Nigerians with low capital.
Nigerian entrepreneurs can access up to ₦10 million in loans and grants in 2026 through schemes like NYIF, iDICE, and Shell LiveWIRE, with billions in funding available.
Ghana leads with a 30% policy rate, followed by Nigeria at 27.5%, as central banks fight inflation. The list includes Angola, Ethiopia, and others.
NGX Group announced a pre-tax profit of N14.76 billion for H1 2026 and declared an interim dividend of N1.30 per share, reflecting strong financial performance.
LPG prices fall to N1,200/kg in some areas, with depot rates dropping below N1,000, as supply boost from Dangote and a 1,400% surge in imports eases market pressure.
The Central Bank of Nigeria reports average maximum lending rate fell to 33.16% in June 2026, down from 34.78% in May, as the MPR stays at 26.5%.
Investors eye Nigerian Exchange stocks for August 2026 as oil volatility and interest rate hikes shape market opportunities. Experts recommend defensive sectors.
The Nigerian Content Board praised Brentex Petroleum's $50 million steel pipe bending and coating facility at Onne Port, calling it a landmark project that will transform Nigeria's oil and gas logistics.