AM Business — Nigeria Business, Markets & Economy News

Finance

FG approves ₦70,000 monthly transport aid for workers for six months

The Federal Government has approved a ₦70,000 monthly transport intervention for public service workers at all levels. The support will run for six months from November 2026 and is meant…

Hackers exploiting critical PHP flaws, US agency warns

UK to charge universities £925 annually for Nigerian students, others

Global energy markets may not recover until 2027 – IEA

Business

Profit-taking pushes 55 stocks lower on NGX

BOA intervention revives ginger production in Kaduna

FG adds 616MW to national grid with Kano, Katsina projects

Japan backs Nigeria’s tech innovation with $10.4m funding

Lagos explains delay in opening Opebi-Odoiya Alaro Bridge

Madagascar billionaire targets $450m Nigerian broadcasting deal

UK care providers fear closures over tougher immigration rules

AfDB raises $2.5bn bond as investor orders hit $4.8bn

IMF blames weak reforms for tax revenue shortfalls

Economy

Nigeria’s net FX flows rose 5.5% to $22.5bn in Q2

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

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

Banking

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

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

Tech

Apple’s first foldable phone faces cracked screen complaints

Instagram tests 90-minute videos to attract podcasters, creators

Google cuts 250,000 trees for €13bn Finland investment

Claude Mythos 5 used fake accounts to push malicious code

Musk’s Grok unveils seven-minute episode of The Odyssey

OpenAI shuns live internet for AI model training over safety concerns

Oracle commits $1bn to partners amid rising AI demand

Meta delays website scraping rules amid publishers’ opposition

Musk targets 20,000 Optimus robots for AI training

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 supply falls sharply as domestic crude supply drops 6.3%

Brent crude hits $115/barrel as fresh petrol price hike looms

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

Nigeria’s petrol imports fall 30.1% to 10.2 million litres daily

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

Finance

Herdsmen demand livestock ministry funding, 30% agric budget

CBN sells ₦2.628trn OMO bills as stop rates rise

Naira plunges ₦28/$, biggest one-day loss in 18 months

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

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

Aviation

NDLEA arrest S’African, Nigerian-American women with drugs at MMIA

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

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

EU accepts Temu’s compliance plan five months after fine

Tech

Microsoft offers voluntary buyouts as AI investments drive costs

Tech

SpaceX eyes 80,000 US cell sites for mobile network

Opinion

Dangote says Africa needs financing, power, policy to industrialise

Access to credit alone cannot drive business growth – Oyedele

Tech

Japanese firms offer compensation after cyberattacks disrupt services

UK, OpenAI, Anthropic commit £300m to AI biosecurity lab

France partners Wayve, Stellantis, Nvidia on autonomous cars

CBN defends 75% cash reserve ratio to curb inflation

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