The Electricity Act 2023 represents a major regulatory reform designed to address Nigeria's persistent power sector challenges. The legislation restructures the market framework, expanding state-level oversight and encouraging private investment, which directly impacts utility companies and broader industrial operations listed on the Nigerian Exchange.
The National Sugar Development Council has launched an elite residential training programme under the National Sugar Master Plan 2.0. The initiative aims to build a skilled workforce to align field and factory capabilities, targeting a domestic sugar production of two million metric tonnes.
The Debt Management Office has opened subscriptions for the July 2026 Federal Government of Nigeria Savings Bond, offering an annual interest rate of 15.716%. This rate represents the highest return offered on these savings bonds so far in 2026.
We've cut diesel use by 9.1m litres to push green agenda - Airtel Africa
By Sherry Chabala
AIRTEL Africa Group Chief Executive Officer Sunil Taldar says the company reduced diesel consumption by 9.1 million litres in one year.
Responding to questions from journalists last
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The MTN and Stanbic Bank disruption on Sunday was a taste of the bitter pill as far as push for a cashless economy is concerned. #ProphetElvisMbonye saw the dangers of this. Harken! https://t.co/7k7xzhIBeR
The exchange rate between the US dollar and the Nigerian naira remained stable in the parallel market on Tuesday, driven by consistent demand for foreign currency at Bureau De Change hubs despite intervention efforts.
The Nigeria Customs Service has reduced import tariffs on used vehicles from 15 percent to five percent, and new vehicles from 20 percent to 10 percent. The agency also announced an overall revenue target of 11 trillion Naira, aiming to facilitate trade and ease economic pressure.
The Nigerian stock market commenced the week with a 2.15 percent gain as the All-Share Index rose to 234,178.23 points. This advance added 3.17 trillion Naira to the market capitalization, driven by strong buying interest in banking and large-cap equities.
HBM Nigeria Plc, formally Lafarge Africa, has appointed Dr. Fatima Akilu and Nella Andem-Ewa as Independent Non-Executive Directors, effective July 1, 2026. https://t.co/i0PZlftbnT https://t.co/5YdBxRHwS8
The Nigerian naira exhibited mixed performance against the United States dollar on July 7, 2026. While the official Nigerian Foreign Exchange Market maintained relative stability, the parallel market experienced a slight depreciation.
United Bank for Africa Plc has announced that its Group Chairman, Mr. Tony O. Elumelu, CFR, will retire from the Board of Directors on August 21, 2026. This decision follows the completion of the 12-year tenure limit for non-executive directors set by the Central Bank of Nigeria.
Relief for Millions as MTN Finally Restores Airtime Lending Service
MTN Nigeria has restored its popular airtime lending service after a period of disruption, bringing relief to millions of users who rely on it for daily connectivity.
The move has been widely welcomed on social https://t.co/oRrbmpKQWe
The Nigerian Content Development and Monitoring Board has announced plans to eliminate intermediaries in the country's petroleum sector contracting processes. This regulatory adjustment aims to streamline procurement and enhance efficiency within the domestic oil and gas industry.
Today’s market sentiment is marked by a strong recovery, as the Nigerian Exchange (NGX) extended its rally on Monday, July 6, 2026, with the All-Share Index climbing 2.15% to close at 234,178.23 points.
The National Insurance Commission has issued a regulatory directive stating that insurance companies with outstanding discharged claims will not be relicensed under the ongoing recapitalisation exercise ahead of the July 31, 2026 deadline.
The Federal Government of Nigeria incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026. According to the Nigerian Electricity Regulatory Commission, the subsidy bridges the gap between cost-reflective tariffs and the rates paid by consumers.