Naira Strengthens to N1,378/$ in Official Market
Naira appreciated to N1,378.43/$ at the official market on Thursday due to reduced dollar demand, while weakening to N1,400/$ in the parallel market amid tight supply.
Category : Business
Canal+ Completes MultiChoice Takeover, DStv Now Subsidiary
French media giant Canal+ has finalized its acquisition of MultiChoice, making DStv, GOtv, and Showmax part of a global group operating in 70 countries, reshaping Africa's media landscape.
Mohammed Dewji to Invest $275 Million in Mining Tourism
Tanzania's richest man, Mohammed Dewji, plans to invest $275 million in mining and tourism sectors, aiming to boost economic growth and create jobs.
UK Publishes 62 Occupations in High Demand, Official List Reveals
The UK government has published a list of 62 occupations in critical demand across various sectors, aiming to help job applicants target less competitive roles.
South Korea Updates Visa-Free Entry List for 62 Nations
South Korea releases updated visa-free entry guidelines for 62 countries, with stays ranging from 30 to 180 days. Canada leads with 180 days, most Western nations get 90 days.
Ikoyi Luxury Real Estate Crosses N1.1 Billion Mark
Ikoyi's luxury real estate market reaches a new milestone as 5-bedroom homes now exceed N1.1 billion, reflecting rising demand and property values in Lagos's upscale district.
Naira Depreciates as FX Market Gap Widens to N46
The naira fell to N1,425 per dollar in the parallel market on July 9, 2026, widening the gap with the official rate of N1,378.43 to N46, as seasonal demand for dollars from education, travel, and medical trips pressures the currency despite $51 billion ex
Dangote Kenya Refinery Gets $100M Interest from Dewji
Dangote Group's proposed Kenya refinery attracts $100 million investment interest from Tanzanian billionaire Mohammed Dewji, boosting East Africa's refining capacity.
Dangote Refinery Resumes Free Petrol Delivery: Key Facts
Dangote Refinery restarts free petrol delivery programme, offering fuel at ₦1,075 per litre with free transport, 10-day credit, and minimum 250,000-litre purchase to lower costs.
Access Holdings Vests Over 200 Million Shares in 77 Employees
Access Holdings Plc has vested over 200 million shares in 77 employees under its equity-based compensation plan, with CEO Agbede emerging as the largest beneficiary.
St. Ives Hospital at 30: Plans 3 New Branches
St. Ives Specialist Hospital, Nigeria's leading multi-specialist hospital, celebrates its 30th anniversary on July 10, 2026, and announces plans to open three new branches, bringing the total to eight by end of 2026.
UAE Expands Visa-on-Arrival to 6 Countries, Excludes Nigeria
The UAE added six nationalities to its visa-on-arrival scheme from June 25, 2026, but Nigerians are excluded. Citizens of Philippines, Kenya, and others must hold a valid residence permit from nine approved tier-1 countries.
Qatar 2026 Visa-Free Countries: GCC Nationals Exempted
Qatar has announced that nationals of five GCC countries can enter without a visa in 2026. The exemption covers Bahrain, Kuwait, Oman, Saudi Arabia, and the UAE. Travelers from other nations must check official channels for entry requirements.
Moniepoint Transforms Nigeria’s $11bn Food Service Industry
Moniepoint's report reveals digital payments are revolutionising Nigeria's $11.09 billion food service sector, projected to reach $19.31 billion by 2030, with women-owned businesses benefiting from transaction-based lending.
UAE Lists Required Documents for Visa on Arrival in 2026
The UAE government has published the full list of required documents for visa on arrival in 2026, including passport, return ticket, hotel booking, and proof of funds.
Saudi Arabia Lists 7 Countries Eligible for Tourism Visa
Saudi Arabia's Ministry of Tourism has released a list of seven countries eligible for tourism visas, including Indonesia and Mexico, with potential future expansions.
Cooking Gas Prices Stay High Despite Depot Cost Drop
Retail cooking gas prices in Nigeria remain at N1,300-N1,650/kg despite depot price easing to N1,025/kg, weeks after government intervention.
Best Performing CEOs by Mutual Fund Performance June 2026
Nairametrics reveals the top-performing CEOs in Nigeria's mutual fund industry as of June 2026, based on fund returns and assets under management.
Nigeria Food Service Industry Hits $11.09 Billion on Digital Payments
Moniepoint reports Nigeria's food service industry reached $11.09 billion in 2023, driven by a surge in digital payment adoption and fintech innovation.
UAE Visa on Arrival: Eligible Countries and Stay Durations
The UAE has released a detailed list of countries eligible for visa on arrival, with stay durations ranging from 14 to 90 days depending on nationality.
Senate Approves $1bn Lafarge Sale to Chinese Firm Huaxin Cement
The Nigerian Senate has approved the $1 billion acquisition of Lafarge Africa by China's Huaxin Cement, creating a powerful new rival for Dangote and BUA Cement, despite ownership concerns.
US Lists 8 Green Card Eligibility Categories for Permanent Residency
USCIS outlines eight categories for Green Card eligibility, including family ties, employment, refugee status, and victim protections, offering a clear path to permanent residency.
10 Stocks at Massive Discount to Year Highs
These 10 stocks on the Nigerian Exchange are trading at a massive discount to their 52-week highs, offering potential value for investors.
Nigeria FX Market Hits $46.4bn Turnover, Naira Holds Steady
Nigeria's foreign exchange market recorded $46.37 billion in total turnover between March and June 2026, with the naira closing at N1,379.68 per dollar, according to CBN data.
Filling Stations Shut as Petrol Price Hike Fears Spread in Nigeria
Filling stations across Nigeria temporarily shut on July 9, 2026, amid rising global crude oil prices and speculation of petrol price hikes, though PETROAN denies closures are due to price speculation.
Nigeria on 2027 Frontier Market Watchlist by S&P DJI
S&P DJI places Nigeria on 2027 watchlist for possible upgrade to Frontier Market, as Bloomberg ranks Nigerian stock market world's best in dollar terms this year.
Petrol Prices Rise at Nigerian Depots Amid Middle East Tensions
Nigerian petrol depot prices rise as global crude oil climbs above $76 per barrel due to US-Iran tensions, raising concerns of higher pump prices for consumers.
Zamfara Governor Approves Six-Month Maternity Leave
Zamfara State extends maternity leave to six months for female civil servants to promote exclusive breastfeeding and combat child malnutrition, Governor Dauda Lawal approves policy.
China Bans 7 Items: Nigerians Face Strict Import Rules 2026
China's General Administration of Customs has released a list of seven categories of goods banned from import, including arms, narcotics, and harmful media, warning travelers of legal consequences.
Nigerian Woman Gets £1,599 UK Tax Refund After a Year
Omar Erika, a Nigerian who left the UK in 2024, discovered a £1,599.08 tax refund from HMRC that had been unclaimed since June 2025, prompting her to urge others to check their accounts.
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