YOUTHCRED: Apply for FG's ₦2m Youth Loan Scheme
Nigerian youths aged 18-35 can apply for collateral-free loans from ₦200,000 to ₦2 million under the FG's YOUTHCRED scheme. Key requirements include BVN, NIN, and a financial literacy course.
Category : Business
Ubi Franklin Opens Up on ₦1bn Investment Loss
Nigerian talent manager Ubi Franklin lost over ₦1 billion in an industrial laundry venture due to port delays, demurrage, and timing issues, sharing tough lessons on quitting failing businesses.
Nigeria to Scrap Electricity Subsidy, Implement Cost-Reflective Tariffs
The Federal Government confirms plans to gradually eliminate electricity subsidies and introduce cost-reflective tariffs, protecting vulnerable households via a proposed Power Consumer Assistance Fund.
Airtel Africa Reports $360M Pre-Tax Profit in Q1 2026
Airtel Africa Plc announced a pre-tax profit of $360 million for Q1 2026, driven by strong revenue growth across its mobile services and data segments.
CREDICORP C.L.I.C.K.D. N1m Loan: Apply for Laptops, Phones
CREDICORP opens applications for C.L.I.C.K.D. initiative, offering Nigerians affordable credit for laptops, smartphones, tablets, and connectivity devices with flexible repayment.
Nigeria's external reserves hit $52bn, highest in 17 years
Nigeria's external reserves reached $52.02 billion, surpassing the CBN's 2026 target and marking the highest level since January 2009.
UK Work Visa: 2 Things Foreigners Must Not Do, Fee Revealed
The UK government has published restrictions for work visa holders, including a ban on claiming public funds and rules on changing jobs, with application fees ranging from £819 to £1,865.
Cornerstone Insurance Shareholders Approve N5.09bn Dividend
Shareholders of Cornerstone Insurance Plc approved a total dividend of N5.09 billion for the 2025 financial year at the company's 34th Annual General Meeting.
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NAFDAC seizes banned sachet alcohol, sub-200ml drinks nationwide
NAFDAC launches a nationwide crackdown on banned sachet alcohol and sub-200ml PET bottles, raiding markets and motor parks across Nigeria's six geopolitical zones.
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FG launches YouthCred loan for young entrepreneurs up to ₦2 million
The Federal Government launches YouthCred for Entrepreneurs, offering loans of ₦200,000 to ₦2 million without collateral to over 500,000 young Nigerians aged 18–35. See eligibility and how to apply.
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Canada unveils 6 visa conditions for Nigerians, other foreigners
Canada has outlined six key conditions foreign nationals, including Nigerians, must meet before they can be approved for a visitor visa, from financial proof to ties to their home country.
Ikeja Hotel Plc Posts N6.12bn Pre-Tax Profit in H1 2026
Ikeja Hotel Plc announced a pre-tax profit of N6.12 billion for H1 2026, driven by strong revenue growth. The company's revenue rose to N32.5 billion, with hospitality segment contributing significantly.
Nigerian equities slump 0.50% driven by Nestle, BUA Foods
Nigerian equities fell 0.50% on Thursday as Nestle and BUA Foods led losses, wiping out N150 billion from market capitalization amid profit-taking.
Sunil Taldar: Airtel Mobile Money Listed in London
Airtel Africa CEO Sunil Taldar confirms the company's mobile money unit will list in London, not Nigeria, citing regulatory and liquidity advantages.
Africa's Top Airlines: CEOs Behind Aviation Boom
African aviation is booming, led by Ethiopian Airlines, Kenya Airways, and Air Peace. CEOs are driving expansion, fleet modernization, and regional connectivity.
Petrol Prices Rise Again: N1,350 New Depot Rate in Warri
Petrol depot prices have increased across Lagos, Warri, and Calabar, with Bulk Strategic in Warri recording the steepest hike of N87 per litre, raising its ex-depot price to N1,350.
FG Launches YOUTHCRED for 500,000 Youths Up to N2 Million
The Federal Government launched YOUTHCRED for Entrepreneurs, offering loans from N200,000 to N2 million to over 500,000 Nigerian youths based on credit behaviour, not collateral.
Nigeria's Money Supply Hits N133.25 Trillion Despite 26.5% Rate
Nigeria's money supply surged to N133.25 trillion in June 2026, even as the Central Bank maintained a 26.5% interest rate, reflecting persistent liquidity pressures.
Timi Alaibe Proposes Four Pillars for Niger Delta Transformation
Chief Timi Alaibe outlines a four-pillar strategy to transform the Niger Delta economy, emphasizing value chain deepening, human capital, infrastructure, and security as economic enablers.
196 Companies Qualify for 2025 Oil Bid Round, 13 Blocks Unsold
NUPRC says 196 companies qualified for the commercial bid stage of the 2025 oil licensing round, while 13 of 50 blocks failed to attract bids and will be returned to the licensing basket.
150 Firms Start Bidding for Nigeria's Oil Assets
Nearly 150 companies began commercial bidding for Nigeria's oil and gas assets at a conference in Abuja, with 37 of 50 blocks attracting bids.
Senate passes bill to rename NAICOM to Insurance Regulatory Commission
The Nigerian Senate passed a bill on Tuesday to rename NAICOM as the Insurance Regulatory Commission, introducing tougher enforcement measures and expanded oversight.
CBN Targets Single-Digit Inflation by Early 2027
CBN Governor Olayemi Cardoso says the bank remains confident of achieving single-digit inflation by early 2027, despite Middle East conflicts causing external shocks that slowed disinflation.
Nigeria's External Reserves Hit $52.52bn, Covers 11 Months
Nigeria's gross external reserves have risen to $52.52 billion, providing import cover for about 11 months, the Central Bank of Nigeria announced.
CBN Governor: Lower Naira Scarcity Due to Declining Demand
CBN Governor Olayemi Cardoso says lower naira denominations are scarce due to falling demand, not withdrawal, as Nigeria shifts to digital payments.
UK Envoy: Tinubu's Reforms Will Benefit Nigeria Long-Term
Outgoing British High Commissioner Richard Montgomery says President Tinubu's economic reforms, though painful short-term, are fundamental for Nigeria's future growth.
Unilever Nigeria Pays N11.5bn Dividend Despite Profit Rise
Unilever Nigeria Plc declared an interim dividend of N2 per share for H1 2026, paying out 73.7% of post-tax profit despite only 8.3% profit growth, sparking reinvestment concerns.
Bauchi Gov Disburses N625m Grants to 1,250 Youths, Women
Bauchi State Governor Bala Mohammed launches N625 million startup grants for 1,250 youths and women to boost agriculture and agribusiness across 20 LGAs.
31 Companies Win 37 Oil Blocks in Nigeria's 2025 Licensing Round
Thirty-one companies won 37 oil and gas blocks in Nigeria's 2025 Licensing Round, with strong interest in frontier basins like Benue Trough and Chad Basin.
Enugu Air at 2026 Farnborough Airshow in UK
Enugu Air participates in the 2026 Farnborough International Airshow, showcasing Governor Mbah's vision to make Enugu Nigeria's premier aviation hub and exploring partnerships for the proposed Nigeria-London Gatwick route.
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