FCMB Deepens Agritech With AI Advisory in Local Languages
FCMB launches an AI-powered agritech advisory platform in local languages to help Nigerian farmers access real-time agricultural guidance and financial services.
Category : Business
Japan Publishes 16 Work Visa Categories for Foreigners
Japan has officially released 16 categories of foreign workers eligible for work visas, covering professions from medical services and research to nursing care and skilled labour.
Tinubu Orders EFCC Recoveries to Fund Student Loans
President Tinubu has directed eligible EFCC-recovered funds and unclaimed dividends to NELFUND, boosting the student loan programme. Over ₦242 billion in unclaimed dividends could support more students, but eligibility requirements remain.
Dangote Refinery Raises Diesel Price by N100, New Rate N1,670/Litre
Dangote Petroleum Refinery increased its diesel gantry price by N100 per litre to N1,670, effective midnight August 21, 2026, impacting businesses reliant on diesel-powered generators.
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Financing Nigeria's High-Growth Companies
Nigerian high-growth companies face a financing gap as they transition from early-stage growth to scale, requiring innovative funding solutions and policy support to unlock their full potential.
Mauritius Sets MUR 45M Revenue Target for 20-Year Residence Permit
Mauritius has disclosed that investors must achieve an aggregate turnover of MUR 45 million (over N1.29 billion) within three years to qualify for a 20-year permanent residence permit, targeting high-net-worth entrepreneurs.
Signal Over Noise: Why Focus Builds What Hustle Cannot
In a world of constant noise, focus—not hustle—is the true engine of success. This article explores why strategic attention outperforms frantic activity in building lasting value.
Dangote, Rabiu Add $9.5 Billion to Wealth YTD 2026
Africa’s richest men, Aliko Dangote and Abdulsamad Rabiu, have seen their combined net worth surge by $9.5 billion year-to-date in 2026, driven by strong gains in cement, sugar, and oil refining.
Cement Price Hits N16,000 Per Bag as Nigerian Builders Face New Pressure
Cement dealers in Nigeria announced a new price of up to N16,000 per 50kg bag, up from N13,000 days earlier, leaving builders stranded and the FCCPC investigating possible price manipulation.
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Canada Lists 5 Requirements for Open Work Permit
Canada extended the open work permit deadline to December 31, 2026, for certain PR applicants. IRCC listed 5 eligibility requirements foreigners must meet to qualify for the permit.
FG Housing Loan: Nigerians Can Get Up to ₦50 Million at 6%
Nigerians can access up to ₦50 million through the FG-backed National Housing Fund mortgage loan at 6% interest, with up to 30 years to repay. See who qualifies and how to apply.
Nigeria Oil Output Could Top 1.7mbpd, NESG Sees Fiscal Relief
Nigeria's oil production could exceed 1.7 million barrels per day, providing fiscal relief as higher global prices boost government revenue, the Nigerian Economic Summit Group projects.
MTN Zigi Rewards: Chatbot Interactions Could Win You ₦100 Million
MTN Nigeria's Zigi Rewards campaign offers customers cash prizes from ₦5,000 to ₦100 million for using the AI chatbot Zigi. No purchase is needed to earn CashToken Rewards, which enter users into weekly draws and streak bonuses.
South Africa Lists Foreigners Eligible for Faster Visa Processing
South Africa's Department of Home Affairs has launched the MEETS digital platform, speeding up group visa processing for foreign delegates, performers, and technical staff attending major events in the country.
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Nigerian Filling Stations Slash Petrol Prices by N90 per Litre
Nigerian filling stations cut petrol prices by N35 to N90 per litre in August 2026, following Dangote Refinery's gantry price reduction, offering motorists relief amid volatile depot rates and high international crude prices.
IMF Names Africa’s 10 Most Indebted Countries in 2026
Egypt tops IMF debt rankings in Africa with $7.25 billion owed. Nigeria does not feature among the top 10 despite being a major economy. Côte d'Ivoire, Kenya, and Ghana follow closely.
Canada Extends Open Work Permit Deadline for PR Applicants
Canada has extended the open work permit deadline to December 31, 2026, for foreign nationals who applied for permanent residency under the 2021 TR to PR pathway and are still awaiting a decision.
FMBN Lists 10 Reasons Housing Loan Applications May Be Delayed or Denied
The Federal Mortgage Bank of Nigeria has published 10 reasons why NHF mortgage loan applications face delays or outright rejection, including inadequate contributions and incomplete documentation.
Nigerian Stocks Slide for 7th Day as Market Pullback Is Called Healthy
Nigerian stocks fell for the seventh consecutive trading day, with the All-Share Index dropping 0.3% to 98,500 points, but analysts describe the pullback as a healthy correction.
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FG Reveals Why Dangote Refinery Could Not Survive N200 Petrol Subsidy
Finance Minister Taiwo Oyedele says the Dangote Refinery would have been commercially unviable if petrol stayed at N200 per litre under the former subsidy regime, warning cheap fuel would have led to scarcity and black market prices.
FG to Sanction Underperforming DisCos, GenCos, Unveils New Rules
The Federal Ministry of Power plans to sanction underperforming DisCos and GenCos, reward top performers, reform tariffs, and reduce losses to improve Nigeria's electricity supply.
Gold Mine Collapse in Central African Republic Kills Over 100
Over 100 artisanal miners died after a gold mine collapsed in western Central African Republic near Cameroon. The incident occurred on August 18 in Zamboye village, with bodies recovered and rescue efforts ongoing.
Naira Falls by N7.09 Against Dollar at Official Market
The Nigerian naira depreciated by N7.09 against the US dollar in the official market on Wednesday, closing at N1,350.41, according to Central Bank of Nigeria data.
eTranzact Revenue Rises 22.6% to N16.3 Billion in H1 2026
eTranzact International Plc reported a 22.6% revenue increase to N16.3 billion in H1 2026, driven by growth in digital payment services and transaction volumes across Nigeria.
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Dangote Refinery Expands Free Petrol Delivery to 10 States
Dangote Refinery expands free petrol delivery to 10 states and FCT, lowering ex-depot price to ₦1,165 per litre, targeting bulk buyers with 10-day credit and reduced transport costs.
New Zealand Salary Rules for Foreigners Seeking Permanent Residency
New Zealand Immigration has simplified wage rate rules for work-to-residence visa holders from August 24, 2026, eliminating the need to meet higher wage thresholds when changing employers or applying for residence.
Private School Fees Surge 25-100% in Nigeria
Private school fees in Nigeria have risen by 25% to 100%, driven by soaring costs of electricity, diesel, salaries, and materials. Parents are now considering cheaper schools or instalment payments to cope with the financial strain.
Canada Invites 1,000 for Express Entry Permanent Residence Under CEC
Canada invited 1,000 candidates to apply for permanent residence through Express Entry under the Canadian Experience Class on August 18, 2026, with a minimum CRS score of 523 required.
Dangote Petrol Price at N1,165 Pressures Fuel Depots
Dangote Refinery holds petrol gantry price at N1,165/litre while import parity hits N1,212.45, creating a N47 gap. Depot prices in Lagos, Warri, Calabar, and Port Harcourt vary widely.
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Comercio Partners: 10 Years of Money Market and Living Costs Part 5
Comercio Partners report reveals 10-year trends in Nigeria's money market, showing rising living costs and key interest rate shifts from 2016 to 2026.
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