Business
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NCAA Reports Surge in Flight Delays; Sanctions RwandAir for Consumer Rights Breach
…..As Air Peace and United Nigeria Airlines flagged for highest disruptions in August 2026 The Nigeria Civil Aviation Authority (NCAA) has reported that domestic airlines delayed 4,765 flights and cancelled 36 others…
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Stock Market Loses N1.9tn as Investors Cash Out After Bullish Run
By George Omagbemi The Nigerian stock market has lost ₦1.9 trillion in market value as investors intensified profit-taking following a strong bullish run on the Nigerian Exchange Limited (NGX). The latest decline…
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Dangote Refinery Raises Petrol Gantry Price To N1,350 Per Litre
By Opeyemi Adelakun Dangote Petroleum Refinery has raised the price of Premium Motor Spirit, commonly known as petrol, from N1,265 to N1,350 per litre. The new gantry price took effect on Saturday,…
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Nigeria’s Trade Gap Swings Further Into Surplus As Exports Hit N27tn In Q2
By Opeyemi Adelakun Nigeria’s merchandise trade position strengthened sharply in the second quarter of 2026 as exports surged above imports, leaving the country with a N12.6tn trade surplus, fresh figures from the…
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NGX Closes Week With N405bn Gain as Market Rally Continues
By Opeyemi Adelakun The Nigerian equities market ended the week on a positive note, adding N405 billion to its total market capitalisation as renewed buying interest pushed key market indicators higher. Market…
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NGX Market Cap Falls N137bn as Sell-offs Weigh on Investor Sentiment
By Opeyemi Adelakun The Nigerian equities market opened the week on a bearish note as renewed sell-offs and weak investor sentiment wiped N137bn off market capitalisation. The NGX All-Share Index declined by…
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Indigenous Firm, MOBILUXE Secures Deals For Delivery of NAIRAXI VIP Fleets in Nigeria
An Indigenous luxury mobility firm, MOBILUXE, says it has secured a deal from NAIRAXI Transport and Logistics Limited to procure and deliver a fleet of executive Mercedes-Benz Sprinter vehicles for the transport…
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Naira Gains As FX Supply Improves, Reserves Rise To $52.66bn
By Opeyemi Adelakun The naira strengthened against the United States dollar last week, supported by improved foreign exchange supply and increased liquidity in the market. The local currency closed at N1,346.49 per…
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Dangote Refinery raises diesel price to N1,670 as crude hits $94
By Opeyemi Adelakun Dangote Refinery has reportedly increased the price of Automotive Gas Oil, popularly known as diesel, amid a fresh rise in international crude oil prices. A market survey on Thursday…
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Naira Holds Firm As Dollar Trades At ₦1,364 Officially
By Opeyemi Adelakun The Nigerian naira continued to trade within a relatively narrow range against the United States dollar on Wednesday, August 12, 2026, with the official foreign exchange market maintaining levels…
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Naira Holds Steady as Dollar Trades at ₦1,368 Officially, ₦1,405 on Parallel Market
By Opeyemi Adelakun The naira maintained relative stability against the United States dollar on Friday, trading at about ₦1,368.22/$ in the official foreign exchange market, while the parallel market rate hovered around…
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JUST IN: CBN Holds Benchmark Interest Rate at 26.5%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 per cent, maintaining its current monetary policy stance. The decision was announced…
