AM Business — Nigeria Business, Markets & Economy News

featured

Musk plans $10.5bn SpaceX share giveaway to US children

SpaceX chief executive Elon Musk said on Monday that he plans to give every child in the United States one share in the company next year. According to an August…

Finance

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

Finance

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

Experts caution parents over AI use for children’s photographs

Business

Niger bans petrol, diesel exports to protect domestic supply

Modular refineries critical to Nigeria’s fuel security – Rainoil MD

Marketers seek inclusion in FG’s gas initiative

Nigeria remains Africa’s third-largest economy – IMF

Cardoso to discuss cross-border payments during China visit

Historic French town hall destroyed in fire during protests

Ghana overtakes Ethiopia to become Africa’s eighth-largest economy

Onafriq shuts Baxi agent banking in Nigeria over rising costs

AfDB commits $750,000 grant to boost women-led businesses in Nigeria

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

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

Access Holdings appoints ex-AfDB risk officer as executive director

Banks close 476 branches in three years

Keystone Bank seeks approval to sell 66.54% KBL Insurance stake

Tech

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

Netflix lays off 1,000 workers amid slowing growth

Saudi man charged over hidden device at OpenAI office

NIBSS adopts Transactility technology to power new national payment stack

TikTok denies restricting access in Northern Nigeria

OpenAI rejects claims It fired researchers over AI safety concerns

Crypto

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

Bitcoin hits multi-month high on Iran deal optimism

Oil and Gas

More Oil and Gas

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

Don’t hurry to build Lamu refinery, Kenyan presidential candidate tells Dangote

Oil discovery triggers land dispute in Okpe-Isoko community, Delta

Diesel depot price hit ₦1,900/litre in P’Harcourt, Warri, Calabar

Finance

Nigeria spends ₦5.28tn servicing domestic debt in six months

NGX adds ₦21.74bn as all-share index extends rally

Nigeria’s FX utilisation hits $18.34bn, highest quarterly level since 2011

Naira holds steady at ₦1,331.09/$ in official FX market

FAAC shares ₦2.428trn to FG, states, LGs for September

Single-digit inflation could save Nigeria over $10bn, says Oyedele

Nigeria’s foreign reserves hit $58.81bn, highest level since 2008

CBN offers ₦450bn treasury bills in second Q4 auction

Aviation

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

Etihad Airways, Ibom Air sign deal linking five Nigerian cities

FAAN, Bi-Courtney disagree over taxes review, lower charges approach

Electricity

More Electricity

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

Power minister announces new electricity generation peak of 5,330MW

FG denies plan to raise electricity tariff

Ikeja Electric begins refunds for Meter Asset Provider customers

FG wins nine-year arbitration battle over 1,500MW Mambilla Power Project

More Post

Scams

EFCC vows probe of Abuja syndicate impersonating MrBeast, other YouTubers

Tech

Apple considers all options as memory chip debate grows

Tech

Microsoft pulls out of Nscale’s first UK data centre deal

Tech

AI adoption drives changes in Anthropic’s workforce structure – Report

Tech

TikTok bans ‘Musk’ documentary advertising account

News

France protests turn violent as thousands decry rising living costs

Policy and Regulations

Two arrested for dumping faecal waste on Lagos road median

Rising energy costs threaten Nigeria’s inflation decline, CPPE warns

Policy and Regulations

State policing bill 90% ready for transmission to NASS — Gbajabiamila

View Categories