Business Daily NG: Breaking Business News Everyday https://validator.w3.org/feed/docs/rss2.html NGX sheds nearly ₦599 billion as profit-taking hits banking stocks Caverton swings to N8.66bn pre-tax loss in H1 2026 as costs weigh on earnings CBN says FX reforms narrowing official-BDC rate gap, reserves exceed $52.5bn Dangote Refinery targets $5bn IPO in Africa’s biggest-ever stock market listing Coronation Insurance and Coronation Life Assurance Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2 Billion Capital Raise Nigerian stocks begin August on a positive note as banking rally adds ₦288 billion to market value Eight NGX-listed companies set dividend qualification dates in August 2026 NNPC posts ₦2.28 trillion profit in H1 2026 despite 35% earnings decline Coronation Infrastructure Fund launches ₦20 billion Series II offer AON rejects planned aviation strike over Ticket Service Charges Coronation Insurance MD, Olamide Olajolo, Elected into CIIN Governing Council Home Nigeria’s digital financial ecosystem processes over ₦1.07 quadrillion annually, but trust remains weak – Report NITDA to license software testing firms as Nigeria introduces mandatory quality assurance framework Quidax expands stablecoin infrastructure to 21 countries, targets faster and cheaper cross-border payments Nigeria’s $1 trillion economy ambition: Why the numbers matter Royal Exchange reports 94.2% plunge in H1 2026 pre-tax profit Nigerians spend ₦1.41 trillion on beer, malt and spirits in H1 2026 Nigeria’s FX market records first $4 billion weekly turnover of 2026 as trading activity surges Former NSIPA CEO Halima Shehu alleges ₦3 billion COVID-19 funds were paid into 11 accounts without her approval Nigerian equities market enters August with banks, oil stocks and undervalued companies in focus NRS mandates Tax Identification Number for crypto account activation under new tax rules Nigeria’s private sector expands for sixth straight month as cost pressures ease Nigeria imposes 30% corporate tax on cryptocurrency profits for medium and large companies Nigeria’s money supply rises to ₦133.25 trillion despite CBN’s tight monetary policy NGX Group declares ₦1.30 interim dividend after record first-half earnings Pressure mounts on CBN to cut interest rates as borrowing costs remain above 30% Nigeria’s external reserves climb to 17-year high, surpass CBN’s 2026 target 31 companies win 37 oil and gas blocks in Nigeria’s 2025 Licensing Round OPay targets one billion users as fintech unveils ambitious long-term growth strategy Femi Otedola deepens First HoldCo stake with ₦77.6 billion share acquisition Nigerian equities market rebounds as investors gain ₦1.58 trillion in a single session Global oil prices surge toward $100 per barrel amid renewed US-Iran tensions PenCom plans to increase mandatory pension contribution rates under PRA review First HoldCo surpasses ₦6 trillion valuation as Femi Otedola outlines long-term vision Crypto exchanges, P2P operators risk ₦10 million penalty under Nigeria’s new virtual asset tax rules Compulsory Insurance for Landlords and Tenants: Protecting Lives and Property Dangote Refinery completes $2.5 billion private placement in landmark fundraising deal FG to adopt new framework for measuring Nigeria’s economic performance CBN launches FX Purchase Tracker, tightens rules for Bureau De Change operators First HoldCo hits record high as market value surpasses ₦3.8 trillion SEC launches nationwide campaign to help investors recover unclaimed dividends CBN targets $1 billion monthly diaspora remittances by end-2026 CBN targets $1 billion monthly diaspora remittances by end-2026 Federal High Court orders final forfeiture of ₦942 million linked to suspected IPPIS ghost worker fraud Patrice Motsepe loses $800 million in 2026 as mining wealth comes under pressure Oil marketers accuse major importers of fixing petrol prices above Dangote Refinery rates First HoldCo becomes Nigeria’s most valuable banking stock Entry-level commercial pilots in Nigeria can earn between ₦800,000 and ₦9 million monthly EFCC arraigns former Warri Refinery MD over alleged ₦1.339 billion money laundering