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business News

U.S. ends routine visa processing in Abuja from August 1
business

U.S. ends routine visa processing in Abuja from August 1

Nigerians seeking U.S. visas will now have to process their applications through the U.S. Consulate General in Lagos from August 1, 2026, following the transfer of routine visa ser

Jul 31, 20261 min read
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The trillion-dollar map: How to win in Nigeria’s unseen economy
business

The trillion-dollar map: How to win in Nigeria’s unseen economy

Nigeria is worth about USD 291 billion and about USD 2.3 trillion at the same time. Both are World Bank figures for 2025. The first converts the economy into dollars at the exchang

Jul 31, 20261 min read
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International Breweries’ H1 2026 pre-tax profit rises 22% on margin recovery.
business

International Breweries’ H1 2026 pre-tax profit rises 22% on margin recovery.

International Breweries Plc has released its unaudited H1 2026 results reporting recorded a pre-tax profit of N74.79 billion for the six months ended June 2026. The post Internatio

Jul 31, 20261 min read
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Lagos collects N1.67 trillion in six months, hits 90% revenue target
business

Lagos collects N1.67 trillion in six months, hits 90% revenue target

Lagos State generated N1.67 trillion in recurrent revenue in the first half of 2026, achieving 90% of its half-year target. The post Lagos collects N1.67 trillion in six months, hi

Jul 31, 20261 min read
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FG ends manufacturers’ dispute, to deploy 1.56 million meters before year-end
business

FG ends manufacturers’ dispute, to deploy 1.56 million meters before year-end

The Federal Government says it will roll out 1.56 million electricity meters before the end of 2026 after resolving a legal dispute with local meter manufacturers that had stalled

Jul 31, 20261 min read
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Vfd group plc doubles half-year profit after tax (pat) as investment-led growth drives strong earnings performance
business

Vfd group plc doubles half-year profit after tax (pat) as investment-led growth drives strong earnings performance

VFD Group Plc (“VFD” or “the Group”), a leading principal investment company listed on the Nigerian Exchange Limited (NGX), has released its unaudited consolidated and separate fin

Jul 31, 20261 min read
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Nigeria’s first fully verified direct property marketplace goes live today
business

Nigeria’s first fully verified direct property marketplace goes live today

The platform eliminates agent fraud, fake listings, and hidden fees connecting landlords, developers, and shortlet operators directly with renters, buyers, and guests across Nigeri

Jul 31, 20261 min read
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NNPC profit jumps 15.8% to N535 billion in June, highest in 10 months
business

NNPC profit jumps 15.8% to N535 billion in June, highest in 10 months

The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax (PAT) of N535 billion in June 2026, representing a 15.8% increase from the N462 billion recorded

Jul 31, 20261 min read
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Access Bank dismisses shutdown rumour, vows to track those behind it
business

Access Bank dismisses shutdown rumour, vows to track those behind it

Access Bank has dismissed social media message claiming it is shutting down. The post Access Bank dismisses shutdown rumour, vows to track those behind it appeared first on Nairame

Jul 31, 20261 min read
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Nigerian Breweries H1 profit rises 18% to N156.3 billion, erases accumulated losses
business

Nigerian Breweries H1 profit rises 18% to N156.3 billion, erases accumulated losses

Nigerian Breweries Plc has released its unaudited first-half 2026 financial results, reporting profit before tax rising to N156.3 billion, representing an 18% increase compared wit

Jul 31, 20261 min read
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Anthropic reveals its AI models hacked three organisations during cybersecurity testing
business

Anthropic reveals its AI models hacked three organisations during cybersecurity testing

Anthropic has disclosed that three versions of its Claude AI model compromised the production infrastructure of three separate organisations after a configuration error unintention

Jul 31, 20261 min read
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African airlines defy global trend with 7.1% cargo capacity drop
business

African airlines defy global trend with 7.1% cargo capacity drop

African airlines were the only carriers globally to record a decline in air cargo capacity in June 2026, with available cargo space falling 7.1% year-on-year despite a 4.7% increas

Jul 31, 20261 min read
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Nigeria’s foreign reserves shed $114 million in seven days after reaching $52.04 billion peak
business

Nigeria’s foreign reserves shed $114 million in seven days after reaching $52.04 billion peak

Nigeria’s foreign reserves fell by $114 million in seven days after reaching a recent peak of $52.04 billion. The post Nigeria’s foreign reserves shed $114 million in seven days af

Jul 31, 20261 min read
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Naira hits N1,834/£1 as British Pound slips against US dollar
business

Naira hits N1,834/£1 as British Pound slips against US dollar

The British Pound exchanged hands at N1,834 against the Nigerian Naira in Nigeria’s foreign exchange market at the start of Friday's trade session. The pair traded between N1,813/£

Jul 31, 20261 min read
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10 things Bridgforte’s report reveals about trust in Nigeria’s financial system
business

10 things Bridgforte’s report reveals about trust in Nigeria’s financial system

Nigeria's digital financial services ecosystem is entering a new phase as real-time payments, digital identity systems and artificial intelligence become increasingly embedded in t

Jul 31, 20261 min read
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Ebola vaccine production gets $8.5 million boost as outbreak turns second-deadliest ever
business

Ebola vaccine production gets $8.5 million boost as outbreak turns second-deadliest ever

The Coalition for Epidemic Preparedness Innovations (CEPI) has committed up to $8.5 million to accelerate the manufacturing of a vaccine candidate against the Bundibugyo strain of

Jul 31, 20261 min read
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MTN Nigeria hits N1.09 trillion H1 2026 profit, up 75.4%
business

MTN Nigeria hits N1.09 trillion H1 2026 profit, up 75.4%

MTN Nigeria Communications Plc has hit record N1.09 trillion profit before tax of for the first half of 2026, representing a 75.4% year-on-year increase, its highest half year perf

Jul 31, 20261 min read
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Microsoft gains nearly $450 billion in one day, biggest in market history
business

Microsoft gains nearly $450 billion in one day, biggest in market history

Microsoft added nearly $450 billion in market value on Thursday, the largest single-day gain ever recorded by any company. The post Microsoft gains nearly $450 billion in one day,

Jul 31, 20261 min read
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