Naira Hits Five-Month High at N1,343 as CBN Boosts Forex Liquidity
The Nigerian naira strengthened to N1,343.32 per dollar, a five-month high, as CBN reforms boosted forex liquidity and external reserves hit $52 billion, their highest in 17 years.
Category : Business
NAICOM Revokes Universal Insurance Licence Over Capital Failure
The National Insurance Commission (NAICOM) has revoked the operating licence of Universal Insurance Plc for failing to meet the mandatory recapitalisation requirement set by the regulator.
Rent Inflation Hits 33.8% in Nigeria, Straining Tenants
Nigeria's rent inflation surged to 33.8% year-on-year in July 2025, the highest rate in over a decade, driven by urban demand and rising construction costs, according to the National Bureau of Statistics.
FG Borrows N11.9 Trillion in Two Years, Subsidy Removal Curbed Debt
Nigeria borrowed N11.9 trillion in two years; subsidy removal prevented more debt, according to the Debt Management Office. The figure highlights fiscal challenges and reform impacts.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Top 10 Most Affordable States to Live in Nigeria July 2026
Nigeria's most affordable states in July 2026 are led by Taraba with N142,000 monthly cost, according to SBM Intelligence's latest report, highlighting lower living expenses across several northern states.
Canada Invites 1,000 Nigerians for Permanent Residency
Canada issued 1,000 Express Entry invitations on August 18, 2026, targeting Canadian Experience Class candidates with a minimum CRS score of 523, making the draw more selective than the previous round.
Banks' Credit to Finance Sector Hits N9.8 Trillion in March
Banks' credit to Nigeria's finance sector surged to N9.8 trillion in March 2026, marking a 15% increase from N8.5 trillion in December 2025, according to the National Bureau of Statistics.
US removes 12-year restriction on Nigerian ships
The US Coast Guard has lifted the Condition of Entry on Nigerian vessels after 12 years, following four assessments that confirmed improved maritime security and ISPS Code compliance, a move the Federal Government says will boost port competitiveness.
PETROAN Sets Fresh Conditions for Port Harcourt, Warri Refinery Restart
PETROAN demands binding crude supply agreements and performance targets for Port Harcourt and Warri refineries, warning that rehabilitation alone won't guarantee sustained operations.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
France Publishes Rules for Long-Stay Visa Holders: 3-Month Deadline
France mandates long-stay visa holders validate their visa within 3 months of arrival via OFII website or face loss of legal residency and Schengen re-entry ban.
Toyota Corolla: Nigeria's Most Economical Car, Price Range
The Toyota Corolla is Nigeria's most economical car due to fuel efficiency, reliability, and low maintenance. Nigerian-used models range from N2.8M to N8M, while Tokunbo models cost between N7M and N18M in 2026.
NAICOM Revokes Universal Insurance Licence, Appoints Liquidator
NAICOM revoked Universal Insurance Plc's licence on August 14, 2026, for failing to meet minimum capital requirements, appointing Ogbonna Chukwumerije as receiver/provisional liquidator to oversee winding-up.
BRB Securities Secures SEC Issuing House Registration
BRB Securities Limited has secured SEC registration as an issuing house, enabling it to underwrite and manage public offerings, a major milestone for the BRB Capital Group.
Naira Strengthens Against British Pound, Settles at N1,819
The Nigerian naira appreciated against the British pound sterling on Wednesday, trading at N1,819/£1 in the official market, marking a notable gain from previous rates.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Opay Adopts AI Data Analysis to Protect Customers Against Fraud
Opay has deployed artificial intelligence and data analysis tools to detect and prevent fraudulent transactions in real time, safeguarding its millions of users across Nigeria.
NNPC Cheapest Petrol Seller in Nigeria at N1,205 per Litre
NNPC retail stations now sell petrol at N1,205 per litre, the cheapest in Nigeria, as Dangote-affiliated outlets sell above N1,200 and depot prices rise amid crude oil volatility.
France Publishes Insurance Requirements for Foreigners Visa
France has published the insurance conditions foreign nationals must meet before their visa application can be approved, including a minimum coverage of €30,000.
Absa Closes 79 Branches, Removes Over 100 ATMs in Digital Shift
Absa Group closed 79 traditional branches and removed over 100 ATMs in H1 2026 as digital banking adoption surged, with digitally active customers rising 14%.
Zenith Bank Hosts 10th Trade Seminar on Non-Oil Exports
Zenith Bank will hold its 10th International Trade Seminar on August 27, 2026, in Lagos, focusing on strategies to unlock Nigeria's non-oil export potential and boost foreign exchange earnings.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Mypadi AI Turns WhatsApp into Nigeria's Safest Crypto Trading Platform
Mypadi AI has launched a WhatsApp-based crypto trading infrastructure, enabling secure P2P transactions with AI-driven fraud detection and escrow protection for Nigerian users.
FG offers free CAC registration for 250,000 MSMEs via SMEDAN portal
The Federal Government has opened free CAC Business Name registration for 250,000 eligible nano, micro and small businesses through the SMEDAN-CAC initiative. Apply via the official portal.
Turn Crypto Into Naira With a WhatsApp Message via MyPadi AI
MyPadi AI lets Nigerians convert Bitcoin, Ethereum, or USDT into Naira via WhatsApp, landing funds directly in a bank account without third-party vendors or extra apps, the platform launched in May 2026.
Nigerian SMEs Can Apply for N13 Million in GETGP Grants Before August 20
Nigerian MSMEs can apply for N13 million in funding through CREM's Endowment Trust Grant Programme. 15 selected businesses will receive grants and business training. Application deadline is August 20, 2026.
Rodri Joins Barcelona in £65.4m Deal from Man City
Barcelona have signed Rodri from Manchester City for £65.4m. The 30-year-old Spain World Cup winner agreed a four-year contract after two bids were rejected.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Christ Embassy Unveils Tsion Electric Cars at NEU 2026
Pastor Chris Oyakhilome unveils Tsion electric cars at NEU 2026, marking Christ Embassy's entry into auto manufacturing. Models include Passion, Falcon, Vision, and OG series.
Cement Price Rises by N5,700 as FCCPC Probes Manufacturers
Nigerians now pay up to N5,700 more per 50kg cement bag than in January 2026, as the FCCPC launches a formal investigation into suspected price manipulation by major manufacturers.
Mr Eazi Eyes NGX Listing After Dangote, Otedola
Nigerian singer Mr Eazi plans a major NGX listing, following in the footsteps of Dangote and Otedola, as part of his investment strategy.
FTN Cocoa Appoints Wale Jubril as Board Chair After Chairman's Death
FTN Cocoa Processors appoints Wale Jubril as new board chairman, succeeding late Chief Olusegun Osuntokun, following his passing in July 2026.
UNILAG Graduate Lands Bank of America Fixed Income Analyst Job
Priscilla Agada, a UNILAG graduate, joins Bank of America as a Fixed Income Trade Support Analyst after a 2024 internship, sharing her rewarding six-month experience.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
NGX Extends Losses as Investors Take Profit, Market Cap Drops N545bn
The Nigerian Exchange extended losses for a second day, with market capitalization dropping N545 billion to N155.973 trillion as investors took profits in banking and other key sectors.
Page 9 of 430
