Business Daily NG: Breaking Business News Everyday https://validator.w3.org/feed/docs/rss2.html 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 PenCom plans to increase mandatory pension contribution rates under PRA review CBN injects nearly ₦3 trillion into banking system through OMO maturities despite aggressive auction Home Femi Otedola deepens First HoldCo stake with ₦77.6 billion share acquisition NITDA says digital trust will define the future of Nigeria’s banking industry Oil marketers accuse major importers of fixing petrol prices above Dangote Refinery rates 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 Coronation Insurance MD, Olamide Olajolo, Elected into CIIN Governing Council Nigerian banks navigate tougher 2025 as recapitalisation, tighter regulations reshape industry rankings FG to adopt new framework for measuring Nigeria’s economic performance Entry-level commercial pilots in Nigeria can earn between ₦800,000 and ₦9 million monthly Nigerian business confidence eases in June as rising costs weigh on firms First HoldCo becomes Nigeria’s most valuable banking stock Nigerian equities market loses ₦1.32 trillion as broad-based selloff drags NGX lower BOI unveils €85 million facility to boost cocoa processing and reduce raw bean exports Federal Government inaugurates 15-member advisory committee to strengthen economic reforms The Nigerian naira weakened slightly against the British pound in both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market as the pound strengthened globally against the US dollar. NGX records ₦32.73 billion in block trades as institutional investors step up market activity Coronation Insurance Presents Brand New Kia Rio to Insure & Win 2.0 Grand Prize Winner EFCC arraigns former Warri Refinery MD over alleged ₦1.339 billion money laundering Nigeria’s overnight funding market nears ₦100 trillion as trading activity rises while funding costs remain stable Nigeria’s FX market records sharpest weekly turnover decline of 2026 as trading falls 46.6% Nigeria’s crude oil production hits highest level in over six years, surpasses OPEC quota Flutterwave secures Circle Ventures investment to expand USDC-powered cross-border payments Premium Pension, Trustfund Pensions propose merger to create Nigeria’s third-largest PFA Lekki Phase 1 leads Lagos Island rental growth with 35.9% five-year CAGR FCMB shareholders approve ₦23.08 billion dividend as 2025 profit surges Nigeria’s financial system set for ₦3.12 trillion liquidity boost as OMO maturities dominate inflows Citi forecasts $60 oil price: What it could mean for Nigeria’s economy HBM Nigeria completes rebranding as NGX changes trading symbol from WAPCO to HBMNG Nigerian equities market adds N1.86 trillion as broad-based rally strengthens recovery Nigerian equities market extends losing streak as investors lose N877.9 billion Dangote Refinery cuts petrol ex-depot price by N50 to N1,075 per litre Honeywell Group acquires 14.12% stake in Ikeja Hotel Plc PZ Cussons appoints Oghenekevwe Ogefere as Company Secretary Federal Government inaugurates Nigeria’s largest lithium processing plant in Nasarawa Access Holdings, Coronation Group celebrate Nigerian Modernism at Tate Modern Tinubu urges ECOWAS to build production-driven economy at new headquarters inauguration Federal Workers Forum demands N300,000 minimum wage, payment of outstanding worker entitlements CBN plans N2 trillion Treasury Bills issuance in July as liquidity tightening gathers pace Protecting Your Family Beyond Today: Planning for Life’s Uncertainties