AM Business — Nigeria Business, Markets & Economy News

Oil and Gas

Brent crude climbs above $115/barrel as Middle East conflict rages

Oil prices traded at five-month highs on Friday, with Brent North Sea crude, the benchmark contract, rising above $115 a barrel as the Middle East conflict raged on. Global markets…

Finance

Naira holds steady at ₦1,330.95/$ in official FX market

Policy and Regulations

NAFDAC seals illegal herbal factory in Lagos, arrests manager

Economy

NEC endorses 90-day economic action plan to cut living costs

Business

FG boosts Kano electricity supply with four new substations

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

Meta shares fall 6% after negative $2.12bn cash flow

Reps summon telecom CEOs over poor services, threaten arrest

Barclays to cut 5,000 jobs amid growing AI adoption

FG pays N100bn gas debts to boost electricity supply

Dangote acquires 25% stake in Kenya’s petroleum pipeline network

Oil prices rise amid fears of Middle East conflict escalation

NCC plans wider phone verification to protect consumers

Economy

Nigeria’s inflation eases to 14.63% in September, fourth straight decline

IMF backs CBN rate cut amid inflation decline

Bank of Uganda raises interest rate to 12% amid currency depreciation

Nigeria records world’s largest rise in multidimensional poverty — UNDP

ADC accuses Tinubu administration of worsening economic hardship

Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating

FG launches poverty reduction plan to lift five million Nigerians

World Bank raises Nigeria’s 2026 growth forecast to 4.3%

Corruption is Nigeria’s major obstacle to economic advancement — Tinubu

Banking

Abbey Bank to start commercial banking operations in Q4

Nigeria’s investment fund assets near N10tn mark

JPMorgan closer to Nigerian banking licence with N50bn deposit

Fidelity Bank re-elects Onwughalu as chairman, approves board changes

OPay gets approval for secondary NGX listing after NYSE debut

Zenith Bank posts ₦637.6bn H1 profit before tax, pays ₦1.50 dividend

CBN makes ₦17.51trn through September OMO auctions

Actor Yemi Solade calls out GTBank over ₦18,912 service charge deduction

Tech

Global websites face disruption over critical PHP vulnerability

Meta’s AI companion Muse records 10.9m US downloads

US bans DeepSeek AI from government agency systems

Apple strengthens rules to crack down on AI nudification apps

Meta apologises for suspending No Kings Instagram account during protests

Microsoft disrupts cybercrime networks behind attacks on 75,000 organisations

AI agents access personal data, confidential records in India

Meta launches new open-weight AI model for Mac computers

Eight US states sue OpenAI over alleged harm to children

Crypto

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

Trump’s crypto empire generated more than $1bn in annual earnings

Coinbase to cut 700 jobs in AI-driven restructuring

Oil and Gas

More Oil and Gas

Petrol landing cost drops marginally to ₦1,283.81/litre

Oyedele rules out fuel tax, labels rumour ‘fake news’

I have no regrets over fuel subsidy removal, Tinubu declares

Marketers urge FG to extend petrol discount to 60 days

NNPC seeks equity partners to revive Port Harcourt, Warri refineries

Nigeria keeps to OPEC quota for fifth straight month as output rises

Obasanjo backs higher derivation for oil-producing states

Brent crude nears $107/barrel as Houthi attacks hit Saudi Arabia

LCCI proposes 15-20% petrol price cut within six months

Finance

LASACO returns to profit with ₦1.60bn pre-tax earnings in nine months

Student loan is not compulsory, NELFUND clarifies

Nigeria reclaims Africa’s top startup funding spot with $635m

Currency in circulation hits ₦5.44trn despite digital payments expansion

Naira steady near ₦1,330/$ as parallel market premium persists

FG disputes World Bank’s 124% debt servicing-to-revenue claim in H1

Investors lose ₦535bn as NGX extends decline to third week

FG turns to bond market to pay ₦6trn power debt

Aviation

US to announce certification of Boeing 737 MAX 10 – Report

Why airlines may not get cheaper jet fuel soon — CITA

NSIB begins probe after aircraft door opens mid-air near Abuja

Panic as jet loses door mid-air in Abuja

Air India flight diverted over bomb threat, hijacking rumour

Global air passenger traffic falls 0.8% – IATA

Over 180 passengers escape unhurt as power bank fire diverts IndiGo flight

FAAN to close Owerri airport runway for 25 days

Electricity

More Electricity

Stop relying on FG to solve local power issues, Shettima tells states

Blackout hits Edo, Delta, Ondo, Ekiti as electricity workers strike

Ikeja Electric blames reduced supply hours on grid allocation shortfall

Power supply stagnates despite DisCos’ revenue soaring 450% in eight years

FG begins 17.7MW Oyo mini-grids, rules out tariff hike

FG approves new East-West grid to end power collapses

FG plans 24-hour power zones in Lagos, Abuja, Kano, Enugu

FG commissions 581kWp solar mini-grid in Kwara community

More Post

News

Google DeepMind staff resign over company’s growing military AI involvement

NIMASA detains vessels in Lagos over cabotage regime violations

Insurers struggle to access ₦300bn fresh capital held at CBN

FEC approves four new channel management companies for Nigerian seaports

Standard Chartered Nigeria confirms Ayodeji Adelagun as CEO

Policy and Regulations

NECA, SON urges Senate to exclude tobacco from product registration bill

Tech

eBay to lay off 1,000 workers in major restructuring

Policy and Regulations

Court fines Meta $25bn for deceiving users on Facebook privacy

Travel

Foreigners seek Nigerian passports in growing numbers — Abike Dabiri-Erewa

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