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business News

First Securities emerges Nigeria’s No. 1 broker as Bamboo dominates retail trades
business

First Securities emerges Nigeria’s No. 1 broker as Bamboo dominates retail trades

Retail investors accounted for roughly one in every four stock trades executed on the Nigerian Exchange (NGX) between January and July 2026, with Lambeth Capital Limited, through i

Aug 10, 20261 min read
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Nairametrics

NRS Chairman, Zacch Adedeji, lists four economic distortions inherited by Tinubu
business

NRS Chairman, Zacch Adedeji, lists four economic distortions inherited by Tinubu

The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has listed four major economic distortions inherited by the President Bola Tinubu-led administration. The post NRS

Aug 10, 20261 min read
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Nairametrics

Experts reveal how EU CBI crackdown could reshape wealthy Nigerians’ migration plans
business

Experts reveal how EU CBI crackdown could reshape wealthy Nigerians’ migration plans

The report followed a directive issued by the European Union, which gave five Caribbean nations — Antigua and Barbuda, Dominica, Grenada, Saint Lucia, and Saint Kitts and Nevis — u

Aug 10, 20261 min read
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Nairametrics

Lagos overtakes oil states as top FAAC earner with N365.78 billion
business

Lagos overtakes oil states as top FAAC earner with N365.78 billion

Nigeria’s states received significantly higher disbursements from the Federation Account in H1 2026, reflecting stronger distributable revenues from statutory revenue, Value Added

Aug 10, 20261 min read
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Nairametrics

Nigerians set new data usage record, consume 1.5 million terabytes in May
business

Nigerians set new data usage record, consume 1.5 million terabytes in May

Telecommunications subscribers in Nigeria used 1.5 million terabytes of data in May, the highest monthly consumption ever recorded. The post Nigerians set new data usage record, co

Aug 10, 20261 min read
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Nairametrics

Tax reform fails to stop multiple collectors visiting Nigerian manufacturers – MAN
business

Tax reform fails to stop multiple collectors visiting Nigerian manufacturers – MAN

The Nigeria Tax Act 2025 has yet to eliminate multiple taxes and levies imposed on manufacturers, with companies still facing visits from different tax authorities and regulators,

Aug 10, 20261 min read
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Nairametrics

Zedcrest Group Convenes Market Leaders to Navigate a New Era of Global Investing
business

Zedcrest Group Convenes Market Leaders to Navigate a New Era of Global Investing

Zedcrest Group Convenes Market Leaders to Navigate a New Era of Global Investing The post Zedcrest Group Convenes Market Leaders to Navigate a New Era of Global Investing appeared

Aug 10, 20261 min read
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Nairametrics

Energy crisis pushes solar imports above $400 million across 15 African countries in Q1
business

Energy crisis pushes solar imports above $400 million across 15 African countries in Q1

Fifteen African countries recorded more than $400 million in solar panel imports in the first quarter of 2026 as the energy crisis drove households and businesses to seek alternati

Aug 10, 20261 min read
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Nairametrics

Nigeria’s brewers spend N220 billion fighting for consumers in H1 2026
business

Nigeria’s brewers spend N220 billion fighting for consumers in H1 2026

Nigeria’s three listed breweries spent more than N220 billion on advertising and distribution in the first half of 2026, as intense competition forces them to fight harder for shel

Aug 10, 20261 min read
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Nairametrics

FCMB, Healthcare Stakeholders Set Out Roadmap to Move Nigeria’s Health Sector from Survival to Scale
business

FCMB, Healthcare Stakeholders Set Out Roadmap to Move Nigeria’s Health Sector from Survival to Scale

Nigeria’s healthcare sector needs more than additional funding to expand. The post FCMB, Healthcare Stakeholders Set Out Roadmap to Move Nigeria’s Health Sector from Survival to Sc

Aug 10, 20261 min read
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Nairametrics

Nigerian onion traders suspend exports to Ghana as trade dispute deepens
business

Nigerian onion traders suspend exports to Ghana as trade dispute deepens

Nigerian onion traders have suspended exports to Ghana and called on the Economic Community of West African States (ECOWAS) to intervene in the lingering trade dispute between the

Aug 10, 20261 min read
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Nairametrics

Why the NGX must dance carefully
business

Why the NGX must dance carefully

Why the NGX must dance carefully The post Why the NGX must dance carefully appeared first on Nairametrics .

Aug 10, 20261 min read
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Nairametrics

Why OPay Is Turning Savings Into a National Movement
business

Why OPay Is Turning Savings Into a National Movement

It is against this backdrop that OPay has launched the 7 Savings Festival, powered by OWealth, a nationwide savings initiative designed to make disciplined saving simple, rewarding

Aug 10, 20261 min read
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Nairametrics

Egypt inflation breaks 3-month cooling streak, rises to 14.9%
business

Egypt inflation breaks 3-month cooling streak, rises to 14.9%

Egypt’s annual urban inflation rate rose to 14.9% in July 2026, ending a three-month cooling streak as food prices accelerated despite a monthly decline. The post Egypt inflation b

Aug 10, 20261 min read
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Nairametrics

Clinoscope buys 40 million Neimeth shares for N312 million after 2025 sell-off
business

Clinoscope buys 40 million Neimeth shares for N312 million after 2025 sell-off

Neimeth International Pharmaceuticals Plc has disclosed that its major institutional shareholder, Clinoscope Services Limited, has acquired an additional 40 million ordinary shares

Aug 10, 20261 min read
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Nairametrics

Naira keeps Euro below N1,580 as CBN reforms steady forex market
business

Naira keeps Euro below N1,580 as CBN reforms steady forex market

The Nigerian naira remained supported against the European currency last week, with the latest data from the CBN showing it last settled at N1576/€1, compared to N1573/€1 in the pr

Aug 10, 20261 min read
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Nairametrics

Mutual Benefits shareholders approve N802.5 million dividend, re-elect directors
business

Mutual Benefits shareholders approve N802.5 million dividend, re-elect directors

Shareholders of Mutual Benefits Assurance Plc have approved a final dividend payout of N802.47 million for the financial year ended December 31, 2025, alongside several board and g

Aug 7, 20261 min read
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Nairametrics

Africa’s startup funding crashes 80% as investors switch to debt finance
business

Africa’s startup funding crashes 80% as investors switch to debt finance

Africa’s startup funding activity slowed sharply in July 2026, with 47 startups raising a combined $102.2 million across disclosed deals. Data compiled by Nairametrics shows

Aug 7, 20261 min read
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Nairametrics