Live intelligence from 10+ verified Nigerian and UK sources
•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos,...
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has stated that the Standard N100 note is still a legal tender and must be accepted for all transactions. The apex bank, in a statement by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali, yesterd...
Laments poor financing, weak governance in the sector By Cynthia Alo The Cooperative Federation of Anambra State Limited, COFAS, has called on the State Government to establish a Cooperative Development Fund, CDF, and integrate cooperatives into the state’s economic planning. C...
Peter Obi has expressed concerns about his safety and the challenges facing his businesses, suggesting he may not be alive to run in the 2027 elections. His remarks highlight the serious issues he faces as a presidential hopeful for the Nigeria Democratic Congress.
The Naira has strengthened to N1,400 per dollar in the parallel market, improving from N1,405. This appreciation reflects a positive trend in the currency's value.
Adeniyi Adeyemi, the Director-General of the Presidential Foreign Intervention Promotion Council, has pledged to provide necessary documents to the DSS and Police. This comes amid ongoing controversies surrounding the council's activities.
Health workers are on strike in Congo, impacting healthcare services. Meanwhile, Tanzania has successfully increased its gold reserves, showcasing economic growth.
The Presidency has responded to Peter Obi's concerns about his safety, which he attributed to perceived threats from Tinubu's government. This comes after Obi expressed fears that he is being targeted and frustrated by the current administration.
• IMF leaves Nigeria’s 2026 growth forecast at 4.1% and 4.3% for 2027 •S&P Dow Jones may reclassify Nigeria as frontier market Emmanuel Addeh in Abuja and Nume Ekeghe in
Kayode Tokede UBA Foundation, the Corporate Social Responsibility (CSR) arm of the United Bank for Africa(UBA) Group, has strengthened its commitment to financial education by partnering Slum2School Africa to deliver
Dike Onwuamaeze The Executive Chairman of Financial Reporting Council of Nigeria (FRC) Dr. Rabiu Olowo, along with the members of the National Organising Committee (NOC) of the National Corporate Governance
Governor Hyacinth Alia of Benue State supports local government independence, asserting its success in the region. He also praises President Tinubu's reforms, highlighting Benue's emergence as a medical tourism hub.
The EU, Switzerland, France, and various development partners are backing Yobe's transition to long-term recovery. This support highlights international commitment to sustainable development in the region.
A court has ordered the EFCC to pay former Power Minister Agunloye N10 million for defamation. The commission plans to appeal the judgment.
The Nigerian Parliament is currently in a heated debate over a motion to summon President Tinubu regarding constituency projects. This discussion is part of broader efforts to address issues related to the economy and financial operations in the country.
Peter Obi advocates for a fair trial for Nasir El-Rufai, emphasizing that bail conditions should not serve as pre-trial punishment. He warns against any form of biased justice in the legal process.
The Nigerian government has launched a new strategy to combat human trafficking and irregular migration. This initiative comes as over 1,000 Nigerians return home from crisis-affected areas.
Defence Minister General Christopher Musa has urged troops to confront terrorists independently. This call comes as the Sokoto governor unveils a N27.1 billion security initiative and seeks stricter laws against bandits and informants.
The Senate has backed an investigation into President Tinubu regarding a budget review for a fake agency, halting the N1.3 billion allocation. They await findings from the ICPC before proceeding, while Atiku calls for the inclusion of other parties in the inquiry.
Nigeria and Saudi Arabia have agreed to enhance diplomatic relations, focusing on consular cooperation and visa facilitation. This initiative aims to improve the welfare of Nigerians living in Saudi Arabia.
Médecins Sans Frontières has successfully concluded its diphtheria emergency response in Kano, vaccinating 835,000 children over three years. This effort marks a significant achievement in public health for the region.
President Bola Tinubu has called for civil society organizations to transition from opposition roles to partners in governance. He emphasized their importance in budget tracking, climate action, and promoting ethical governance.
The National Health Insurance Authority reports that over 22 million Nigerians are now enrolled in mandatory health insurance. This marks significant progress towards achieving Universal Health Insurance Coverage in the country.
The Nigerian government has launched a unified campaign against drug cartels and plans to enhance treatment services for drug abuse. Officials emphasize measurable outcomes to protect citizens from the dangers of drug misuse.
The Nigerian Senate has approved a bill imposing a 15-year prison sentence and asset seizure for offenders involved in fake drug production. The legislation also enhances NAFDAC's capabilities with advanced tracking technology and establishes a multi-agency task force to combat counterfeit medicine syndicates.
The African Bar Association has honored Dele Oye for his significant contributions to Nigeria's private sector with the 2026 Medal of Merit. This recognition highlights the importance of leadership in fostering economic growth in the country.
Emmanuel Addeh in Abuja Former Kaduna State governor, Nasir El-Rufai, has denied allegations by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) that he violated a court order
ExxonMobil and its partners have launched a $1 billion Usan project to increase oil output by 40,000 barrels per day. The Nigerian Upstream Petroleum Regulatory Commission has welcomed this investment, which is expected to generate $1.2 billion in new revenue.
The Central Bank of Nigeria has confirmed that the N100 standard banknote is still legal tender. They warned that rejecting it undermines confidence in the national currency.
BusinessDay highlights significant developments in Nigeria's business landscape as of July 9, 2026. The report covers various sectors and their impact on the economy.