AM Business — Nigeria Business, Markets & Economy News

Finance

Naira starts Thursday trading around ₦1,350/$ in official FX market

The naira opened trading on Thursday, November 12, 2026, under continued demand pressure at both the official Nigerian Foreign Exchange Market and the parallel market. The wider spread seen earlier…

Dangote refinery IPO attracts ₦5.85trn in applications, nearly 3.8 million investors

Finance

Naira trades around ₦1,350/$ at official FX market

Dangote Cement suspends London Stock Exchange listing plans

Business

CBN introduces digital platform for state, local government data

France eases immigration rules for foreign workers

NDIC accuses failed banks’ debtors of frustrating loan recovery

EU sues IBM, Atos over biometric border system delays

Lagos receives 11 new electric buses from Oando

DisCos apologise to Nigerians over prolonged power outage

Court lifts forfeiture order on ex-Warri refinery MD’s assets, faults EFCC

Labour denies endorsing N40,000 salary adjustment

Pipeline disruptions cost Nigeria 42.55m barrels in 2025

Economy

Gbajabiamila admits Nigerians facing hardship, defends Tinubu’s reforms

Hunger exists, but hardworking Nigerians should afford food – APC campaign DG

How many Nigerians have been lifted from poverty, Obi asks Tinubu

Lagos ranks 28th among world’s 50 most dangerous cities

Carney unveils budget to cut Canada from US reliance

US democrats’ congress win weakens dollar, boosts naira outlook

Nigeria’s exports grow 25% in two years — NPA

Lagos-Calabar highway could add 2% to GDP — Tinubu

Nigeria’s export earnings rose 23.7% to $35.64bn in H1

Banking

CBN returns ₦2.87tn to banks as October OMO sales drop

Sterling Bank secures $30m facility to boost agriculture, renewable energy

Access Holdings posts ₦667.4bn pre-tax profit in nine months

Fidelity Bank settles $400m Eurobond after five years

Africa Energy Bank begins operations, names inaugural president

Stanbic IBTC profit rises 35% to ₦531.88bn in nine months

BOI targets three million jobs, N1.85tn lending by 2027

Abbey Bank to start commercial banking operations in Q4

Tech

Instagram unveils AI tool for custom stories effects

Cisco taps Claude Mythos to uncover security flaws in AI systems

China approves Apple Intelligence for iPads, Mac laptops

Tencent warns of growing biological risks from AI

Meta adds live voice conversations to Muse AI assistant

Instagram unveils desktop version of Edits for Mac users

Meta acquires multi-agent coding startup Conductor

Adobe unveils marketing AI agent across ChatGPT, Gemini, Copilot

Apple opens Siri AI to third-party app developers

Crypto

Binance records $3.64bn withdrawals after $6.3bn crypto theft

FBI blames North Korea for $6bn Binance crypto heist

Stablecoins can power diaspora subscriptions to Dangote IPO — Graph Finance CEO

Why govt is trying to regulate crypto in Nigeria — KoinKoin CEO

Hackers hit Bitcoin safest hiding place, steal $86m

Tinubu signs executive order to harmonise cryptocurrency regulation

Oil and Gas

More Oil and Gas

Kano CNG stations can refuel 2,500 vehicles daily — MD

Customs hands over seized LPG truck, auctions 6,125 litres of petrol

FG converts abandoned State House petrol station into CNG facility

States spend ₦45bn on fuel in six months — Report

Crude theft surges as NUPRC revenue drops 17% to ₦10.42tn

Crude output rises to 1.8 million barrels daily — NNPC

Petrol hits ₦1,370/litre in Lagos after depot hikes

Oil prices drop over 4% as Iran talks raise hopes

Fuel to sell for N1,215 after Dangote Refinery’s price slash

Finance

Abia gov approves 25% CONLESS for Assembly workers

Tinubu unveils ₦52,500 minimum pension guarantee for 173,209 retirees

MOSOP accuses N’Delta govs of mismanaging 13% derivation funds

EFCC probes 774 LG chairmen over public funds

Kano gov unveils ₦50,000 monthly grant for 5,200 women

Naira trades at ₦1,346.51/$ in official FX market

FG seeks fresh $500m World Bank loan

Naira trades at ₦1,346.79/$ in official FX market

Aviation

Air Peace removes passenger over threat to burn aircraft

Enugu Air to begin direct London flights December 10

Enugu Air secures UK route approval

Okpebholo partners Chinese airline for proposed Edo Air

Global air traffic controller shortage raises safety concerns

Senate rejects motion to revive Nigeria Air

United Nigeria Airlines secures ₦22bn to fund fleet expansion

Nine killed as private jet crashes in US neighbourhood

Electricity

More Electricity

NERC approves ₦30bn to provide free metres for unmetered customers

Okra Solar secures $7m UK investment for rural Nigeria power

NERC approves N30bn for third phase of metering programme

NNPC rejects NISO’s claim of gas decline behind power drop

FG secures release of 98 stranded transmission containers after nearly 20 years

Electricity supply to improve within 72 hours, Tegbe assures Nigerians

Low generation, not grid responsible for Ikeja Electric outage — TCN

Lagos convenes energy summit to tackle epileptic power supply

More Post

Ghana to recover $4.14m unpaid rentals from oil firms

Opinion

Economic growth must be inclusive, benefit retirees — Elumelu

Energy

COP31 targets 35% global electrification by 2035

News

Court discharges Mompha, strikes out ₦6bn EFCC charges

Ayra Starr releases anime-inspired vinyl of ‘Starrgirl’ album

Policy and Regulations

FCCPC monitors crude oil price drop to ensure cheaper petrol

Nigeria, Turkiye target $5bn trade as defence ties deepen

News

Oil well: RCCG leader challenges cleric to provide evidence against Adeboye

Telecommunications

Nigeria’s active telecom subscriptions hit over 200 million

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