Naira Gains 0.03% Against US Dollar at Official Market
The naira appreciated by 0.03% against the US dollar at the official NAFEX window on Friday, June 26, 2026, trading at N1,380.93/$1, a gain of 50 kobo from the previous session.
Category : Business
Depots Cut Petrol Below Dangote’s N1,127 in Energy Competition
Private depot owners have slashed petrol prices below Dangote’s N1,127/litre, intensifying competition in Nigeria’s downstream sector. Aiteo and MRS Tincan sell at N1,125, while Bono and others offer N1,126.
Lagos Govt Apologizes for Waste Evacuation Failures
Lagos State Government acknowledges waste evacuation lapses, apologizes to residents, and outlines plans for a circular waste economy and waste-to-energy investments.
Aircraft Crashes into Beijing's CITIC Tower
A small aircraft struck Beijing's CITIC Tower on Friday, causing debris and evacuations. Authorities have not issued an official statement, and an investigation is underway.
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Prince William Now a Billionaire, Richer Than King Charles
Prince William now controls assets worth £1.2 billion through the Duchy of Cornwall, surpassing King Charles III's estimated £640 million fortune, according to new financial accounts.
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FG admits ₦70,000 minimum wage no longer enough, signals review
The Federal Government acknowledges the ₦70,000 minimum wage is insufficient due to inflation, signalling a fresh review. Chief of Staff Femi Gbajabiamila says the government will partner with labour in upcoming negotiations.
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Lagos waste crisis: Tokunbo Wahab apologises to residents
Lagos Environment Commissioner Tokunbo Wahab apologises to residents over poor waste collection, outlines plans for waste-to-energy projects and reforms to tackle the state's waste management crisis.
Remi Tinubu: Start Akara Business with Little Capital
Nigeria's First Lady Remi Tinubu urges women to start small food businesses like akara and roasted corn, offering grants under the Renewed Hope Agenda.
FG Hands Over Enugu Airport to Aero Alliance in PPP Deal
The federal government has handed over Akanu Ibiam International Airport, Enugu, to Aero Alliance Limited under a 20-year PPP arrangement for rehabilitation and operation.
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Cooking Gas Price Drops 31.8% to N1,500/kg in Nigeria
Cooking gas prices in Nigeria have fallen by about 31.8% to N1,500 per kilogramme, offering relief to households. Improved supply and regulatory actions are key drivers.
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Skills Employers Now Prioritise More than Degrees
In Nigeria, employers now prioritise soft skills like adaptability, communication, and emotional intelligence over degrees, driven by AI and remote work.
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China launches 10G internet: How Nigeria compares
China launches world's first commercial 10G broadband network with 10 Gbps speeds, downloading HD movies in seconds. Nigeria still expanding 5G and fibre, with 10G a long-term goal.
Nigerian Man Saves N200k Monthly, Shares 9-Month Balance
A young Nigerian man saved N200,000 monthly in a money market fund for 9 months. His total balance exceeded N1.8 million, sparking questions about returns and the platform used.
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Nigeria delisted from 2026 Math Olympiad over funding
Nigeria has been downgraded to observer status at the 2026 International Mathematical Olympiad due to chronic funding failures, reviving debate over support for gifted students.
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Luno Tokenised Stocks: Global Brands as World Cup XI
Through Luno's Tokenised Stocks, Nigerians can invest in over 60 global stocks like Apple, Amazon, and Microsoft from the Luno app, with fractional ownership and 24/5 access.
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Lafarge Africa Plc Rebrands to HBM Nigeria Plc
Lafarge Africa Plc has officially changed its name to HBM Nigeria Plc, unveiling a new corporate identity that aligns with its shareholder structure and signals a forward-looking phase of growth.
CBN Warns Against Naira Abuse, Replacement Costs Rise
CBN warns against naira abuse and mutilation, citing rising replacement costs. Governor Cardoso launches Naira Ambassadors Club to educate students on proper currency handling.
Remi Tinubu: Start Small Businesses Like Akara, Corn, Kuli-Kuli
First Lady Remi Tinubu advises poor Nigerians to start small businesses like akara, corn, and kuli-kuli, stating it doesn't require much capital, while highlighting over ₦3 billion in grants.
Nigerian Stock Market Loses N958.5bn as Aradel, Oando Lead Selloff
The Nigerian Exchange extended its losing streak on Thursday, with the All-Share Index falling 0.64% and market cap dropping by N958.5 billion, driven by sell-offs in Aradel Holdings, Oando, and banking stocks.
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NUC Approves Taraba State University of Tropical Agriculture
The National Universities Commission has approved Taraba State University of Tropical Agriculture, Science, Technology, and Climate Action (TSU-TASCA) in Gembu, focusing on agriculture, technology, sustainability, and climate resilience.
PalmPay Hustle Grant Boosts GreenTead Farm to Multi-Million Naira
John Adekunle Akinloye used the PalmPay Hustle Grant to expand GreenTead Farm, investing in irrigation and tomato processing to generate over N2 million in revenue.
Free POS Devices Help Young Nigerians Create Jobs
Technology like free POS devices and airtime credit enables young Nigerians to start micro-businesses without upfront capital, tackling unemployment and underemployment.
Dangote Refinery Slashes Fuel Price Again to N1,125
Dangote Refinery reduces petrol gantry price to N1,125 per litre from N1,175, marking a N50 drop. Total reduction in two weeks reaches N125 per litre amid falling crude oil prices.
Top 10 Biggest Banks in Africa in 2026: SA, Nigeria, Egypt Lead
Africa's top 10 banks in 2026: Standard Bank leads, followed by FirstRand, NBE, Absa, Nedbank, UBA, Banque Misr, CIB, Ecobank Ghana, and Sterling Bank.
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Nigerian Man Who Faced Debt During University Finals Honoured
Jeremiah Musa, a Nigerian media entrepreneur, was named Most Influential African Business and Communications Leader at the 9th Annual MEA Markets African Excellence Awards, overcoming a $100 debt that once blocked his university finals.
Nigeria Proposes Pan-African Payment Card to Cut Dollar Reliance
Nigeria plans a pan-African payment card enabling direct currency transfers between African nations, reducing dollar reliance. Finance Minister Taiwo Oyedele announced the initiative with Mastercard's support.
CBN Orders Freeze on Assets of 6 Nigerians, 4 BDCs Over Terror
The CBN has directed all banks to freeze assets of six individuals and four BDCs designated for terrorism financing under NIGSAC and OFAC sanctions lists.
Tinubu: Africa must add value to mineral resources
President Tinubu declares open AFNIS 2026, urging Africa to move beyond raw material supply, build value chains, and attract partnerships that promote local jobs and technology transfer.
UAE Expands Visa-on-Arrival Programme for Six Countries
The UAE now offers 14-day or 60-day visa-on-arrival for nationals of Indonesia, Vietnam, Thailand, Philippines, Kenya, and South Africa holding valid residence permits from select nations.
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Bank Credit to Private Sector Rises to N81trn
Nigerian bank lending to the private sector rose to N81.041 trillion in May 2026, while cash outside banks hit a record N5.193 trillion, CBN data shows.
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