AM Business — Nigeria Business, Markets & Economy News

Finance

FG seeks fresh $500m World Bank loan

The Federal Government is seeking a new $500m loan from the World Bank to set up an infrastructure financing platform. The proposed approval is scheduled for 25 May, 2027, just…

Finance

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

News

Nigerians can now verify certified products online — SON

Nigerian entrepreneur wins technology award in Qatar

Business

FG, Niger to give 600 farmers N180m interest-free loans

Binance replaces CFO amid $6.3bn cryptocurrency theft

NNPC denies pipeline problems caused drop in power generation

NGX sheds another ₦540bn as MTN, Zenith, GTCO extend decline

Champion Breweries seals Bature deal, eyes three beer brands

NRS tells content creators to formalise businesses for tax benefits

Airtel Africa begins new buyback tranche targeting 12.03m shares

Power supply worsens in Lagos, Abuja, others

Hackers targeting grocery store freezers, US warns

Economy

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

Nigeria drops to 14th on Africa industrialisation index

Banking

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

Nigeria’s investment fund assets near N10tn mark

Tech

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

Canva lays off 1,271 workers in major restructuring

Google grants UK union access to offices in landmark deal

OpenAI eyes $20bn funding after securing UAE deals

Game developers report new restrictions on Claude Code

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

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

OPEC+ freezes oil output to stabilise global market

Finance

SERAP asks Tinubu’s govt to disclose details of ₦50,000 relief fund

CBN accepts 38.37% of ₦1.887trn bids at OMO auction

Nigeria’s gold slips to ₦176,000/gram amid US jobs report

Naira closes at ₦1,350/$, CBN blames budget deficits

Naira would have been worthless if not for my policies — Tinubu

Developing countries’ external debt hits record $9.4tn — World Bank

Chinese regulator’s inquiry halts OPay’s $300m US IPO

FG records ₦4.69tn deficit in Q1 as revenue falls short

Aviation

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

Nigeria, Russia agree six-month timeline to renegotiate 1967 air services pact

Electricity

More Electricity

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

Grid generation drops to 3,659MW as power supply worsens nationwide

NISO blames gas shortages, low water levels for power grid drop

Ikeja Electric apologises for failing Band A customers’ 20-hour supply

More Post

Travel

UK sets mandatory conditions for migrants seeking permanent residency

FG rolls out ₦180m interest-free loans for 600 Niger farmers

EFCC plans to hand over illegal Ogun facilities to licensed operators

Opinion

Obi tells Tinubu to account for subsidy savings, $100bn loans

Tech

Anthropic faces lawsuit over alleged misleading Claude Max usage claims

Oyo targets foreign exchange, investments from tourism, arts

Afreximbank targets $1bn creative economy deals at CANEX Lagos

FG to deploy 2,000 more CNG infrastructure units nationwide

Ports and Airports

Tinubu approves Ibom Deep Seaport

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