NorthQuest Data: 50,000 Nigerians Reveal Wealth-Building Insights
A new report by NorthQuest analyzes 50,000 Nigerians' wealth-building habits, revealing key trends in savings, investments, and financial challenges.
Category : Economy
2026 Africa Passport Rankings: Seychelles Tops, Nigeria Missing
Nigeria misses Africa's top 10 strongest passports in 2026 despite new visa-free deals. Seychelles leads globally at 23rd, Mauritius second, South Africa tops mainland.
Interest Income Drives Half of NASCON's H1 2026 Profit
Analysis shows interest income contributed 50% to NASCON's H1 2026 profit growth, as core revenue growth slowed. The company's net profit rose 15% year-on-year.
US Work Visas: 5 Paths to Permanent Residency for Foreigners
The US issues 140,000 employment-based immigrant visas annually across 5 categories (E1-E5). Learn who qualifies, from priority workers to investors.
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Comercio Partners Report: 10 Years of Money Market and Living Costs
Comercio Partners' report reveals a 10-year trend of rising living costs and volatile money market rates, impacting Nigerian households and investors.
Nigeria's $1tn GDP Could Leave Citizens Poor
Nigeria may reach a $1 trillion economy without improving citizens' welfare, warns economist Bismarck Rewane, urging focus on per capita income and job creation.
Lagos Food Prices: Onion Up 40%, Gas Eases in July
Lagos food prices in July: onion climbed 40% while cooking gas eased. Survey by Nairametrics reveals mixed trends in key food items.
Naira Gains to N1,364.83/$1 as FX Turnover Surges 132%
Naira appreciated to N1,364.83/$1 at official market on Aug 4, 2026, up N3.39, as FX turnover surged 132% to $137.05 million, driven by CBN support and oil inflows.
Japan Digital Nomad Visa 2026: 51 Countries Eligible
Japan releases official list of 51 countries for its Digital Nomad Visa in 2026. Applicants must prove annual income of 10 million yen. No African country is on the primary list.
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India buys 2m barrels of Nigeria's Utapate, Okwuibome crude
India purchases 2 million barrels of Nigeria's Utapate and Okwuibome crude for September delivery, boosting Nigeria's oil exports and revenue.
Top 10 Highest Minimum Wages 2026: Full List
Luxembourg leads with $3,100+ monthly minimum wage in 2026. Australia, Ireland, Germany follow. See the full top 10 list and why wages vary.
Canada Announces 5 PR Routes for Medical Doctors
Canada unveils five immigration pathways for international medical doctors to obtain permanent residence, including a new Express Entry category and 5,000 reserved PNP spaces.
Cooking Gas Prices Drop to N1,400/kg as New Depot Rates Released
LPG depot prices fall to N1,005-N1,050/kg, retail drops to N1,400/kg in Lagos, Enugu, a 39% decline from June highs.
Okonjo-Iweala: Delta can become Nigeria's next industrial hub
WTO chief Ngozi Okonjo-Iweala urges Nigeria to improve maintenance culture, says Delta can become next industrial hub via AfCFTA and supply chain shifts.
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Delta Launches $100m Fund for Private Investment
Delta State launches a $100 million fund to attract private investment, aiming to boost economic growth and job creation.
Soludo: No Debt Borrowed Since Becoming Governor
Anambra Governor Charles Soludo says Nigeria's economy is stabilising and he hasn't borrowed any money since taking office, urging Nigerians to patronise local products to create jobs.
NACCIMA Opens $150M Fund for Nigerian Businesses
NACCIMA launches $150M offshore fund for Nigerian businesses, offering loans from $10M with 7.5-year terms. Applications open via portal.
NNPC Profit Drops 35.4% to N2.28trn in H1 2026
NNPC's H1 2026 profit fell 35.4% to N2.28 trillion, trailing 2025 by N1.25 trillion, as earnings declined amid lower production and market challenges.
Atiku Rejects GDP Celebrations, Cites IMF Poverty Data
Atiku Abubakar challenges Tinubu's GDP celebration, citing IMF data that 63% of Nigerians live below the poverty line, urging focus on living standards.
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Australia Lists 9 Key Benefits for Permanent Residents
Australia's Department of Home Affairs outlines nine core benefits for permanent residents, including Medicare, work rights, and New Zealand work access.
MTN, Airtel Dominate as Nigeria's Mobile Lines Hit 189M
Nigeria's active mobile subscriptions hit 189.68 million in May 2026, with MTN and Airtel controlling 86% of the market, NCC data shows.
CBN Approves 5.71 Billion Banknotes for 2025
CBN approved 5.71 billion banknotes for 2025, a 20.5% rise, with currency in circulation hitting N5.73 trillion, while NSPM delivered just 62% of its share.
Black Tax in Nigeria: What It Costs You and How to Calculate
Explore what black tax means in Nigeria, its financial impact on earners, and a practical formula to calculate your family support obligations.
Richest People in Dubai 2026: Top 15 Billionaires Ranked
Hussain Sajwani leads Dubai's 2026 rich list with $15.3 billion from DAMAC Properties, followed by Telegram's Pavel Durov and retail tycoon M.A. Yusuff Ali.
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Naira Falls to N1,368.22/$1 at Official Market
The naira depreciated to N1,368.22 per dollar in the official market on July 31, 2026, as persistent FX demand and a dip in reserves pressured the currency.
Finlands Minimum Wage Reaches N3.8 Million Monthly
Finland has no national minimum wage; sector deals pay entry-level workers up to N3.8 million monthly. Only Mauritius and Seychelles citizens travel visa-free.
Top 10 Highest Minimum Wages in 2026: Luxembourg Leads
Luxembourg retains the world's highest minimum wage in 2026 at €2,703.74 monthly for unskilled workers. Australia tops non-European states, and Canada finishes the top 10.
AfDB Misallocates Capital Despite West Africa's $100bn Needs
Despite West Africa's $100 billion annual development needs, the African Development Bank is misallocating its capital, according to a new report.
Naira Misses Forbes' Strongest African Currencies July 2026
Forbes' July 2026 ranking of Africa's strongest currencies excludes Nigeria's naira, which gained 0.3% to N1,368.22/$1 but still missed the top 10.
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Nigeria's Urban Poor: Rural Poverty Shifted to Cities
Nigeria's urban poor now face rising poverty, violence, and religious extremism as rural poverty shifts to cities, says analyst Jibrin Ibrahim.
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