Business

Brent crude, the global benchmark, rose 3.4 percent to $91.10 a barrel, while US West Texas Intermediate (WTI) gained 3.6 percent to $86.40, according to the latest market report.

OPay Digital Services has denied a viral social media publication claiming that the fintech company plans to suspend operations from September 1, 2026, assuring customers that its services remain fully operational.

Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this while presenting the ministry’s three-year scorecard in Abuja, attributing the increase to regulatory reforms, stronger revenue assurance, digitisation and measures introduced to eliminate financial leakages.

The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu’s N409.09 billion senior unsecured bond as being in "credit default" early August.

The proposed measure could take effect as early as this week, subject to further consultations and possible intervention, according to sources familiar with the refinery’s position.

Dangote made the comments during an interview with The School of Hard Knocks, where he described wealth rankings as a distraction and pointed specifically to the value of his refinery.

FTSE Russell’s decision to return Nigeria to its Frontier Market framework on September 21 paves the way for foreign index-tracking capital to return to local equities. The Central Bank of Nigeria pulled over N4.7 trillion from commercial banks...

Nigeria recorded a record $947 million in remittance inflows through International Money Transfer Operators in July 2026. The figure leaves the country just $53 million short of the CBN’s $1 billion monthly remittance target. IMTO inflows reached $3.8...

Nigeria’s quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country’s ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products.

The Nigerian Exchange Limited (NGX) closed the week on a positive note on Friday, as renewed buying interest lifted the benchmark index and market capitalisation.