…Bola Tinubu improved the country’s relative attractiveness to investors, a new report by Bloomberg has stated. Nigeria overtook Rwanda, Tanzania, Kenya and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which assesses the relative investability of 19 African economies. Bloomberg, in the report release…

…to N1,355 per litre.Petrol prices drop again as MRS and Ardova cut pump prices Photo: BloombergImagesThe latest price represents a reduction from the N1,370 per litre and above previously charged by the affected filling stations.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!This means…

…Foundation launches share grant scheme for Nigerian students aged 18 and above. Photo: BloombergImagesTo qualify, a student must complete a verification process and subscribe to a minimum of 10 shares through the foundation's dedicated platform, ipo.alikodangotefoundation.org. The foundation will then fund the addition…

…Savings Account, Save-As-You-Spend, MyFirst Account and Target Savings Account. Photo: BloombergImagesThe apex bank also explained that the adjustment became necessary because the gap between the MPR and prevailing market rates had weakened the effectiveness of monetary policy transmission through the financial system.…

…that Aliko Dangote's estimated net worth has climbed to $35.2 billion, according to Bloomberg Billionaires Index figures, cementing his position as Africa's wealthiest person and pushing him from 92nd to 65th on the global rich list. The $5.27 billion increase recorded in 2026 has been driven largely by the performance…

…market faces fresh uncertainty after Brent crude rebounded to $107.20 per barrel. Photo: BloombergImagesThe jump came after Iran rejected a proposal for a seven-day ceasefire tied to reopening the Strait of Hormuz, a key route for global crude oil and petroleum-product shipments.PAY ATTENTION: From breaking news to vir…

…date.Nigeria’s states and FCT record N4.59 trillion domestic debt as of June 2026 Photo: BloombergImagesData obtained from the Debt Management Office showed that the federal government held the bulk of the country's domestic debt at N87.00 trillion, while states and the FCT accounted for the remaining N4.59 trillion of…

…$3.3 billion when he first appeared on the Forbeslist of richest people in 2008. Today, Bloomberg reports his total worth at $35.5 billion. This means that he is worth more than ten times today than he was in 2008. In other words, he has accumulated more wealth at a shorter pace because he has produced more of the thin…

…higher fuel costs as petrol prices rise to N1,380 in Lagos and N1,430 in Abuja. Photo: Bloombergraise concernEconomist and development expert Aliyu Ilias cautioned that repeated petrol price increases could intensify inflation by pushing up transportation and production costs, which would eventually filter through to t…

…per litre. Petrol prices continue to rise across filling stations in Nigeria. Photo BloombergImagesIn Abuja, motorists were paying between N1,400 and N1,450 per litre, adding to the financial strain on households and businesses that rely on petrol for transport and power generation.Previously, petrol prices averaged N1…

…Refinery are currently charging.MEMAN data shows Nigeria’s petrol landing cost Photo: BloombergImagesDepot and Refinery Prices Still Below Landing CostDespite the higher import benchmark, PMS continues to trade below the landing cost figure at several points in the supply chain. PAY ATTENTION: From breaking news to vir…

…the pound, dollar and euro in the official FX market on Wednesday, September 2, 2026Bloomberg-cited analysts project the naira could achieve its strongest annual performance since 2018Nigeria's external reserves climbed to $53.9 billion, their highest level in 18 yearsPAY ATTENTION: Mark Legit.ng as a preferred source,…

…pump prices face fresh pressure as tensions around the Strait of Hormuz escalate. Photo: BloombergImagesAnalysts caution that prices could rise further if Brent crude remains elevated. Although Dangote Refinery, which has a 650,000-barrel-per-day capacity, has expanded domestic petrol output considerably, the refinery…

…Nigeria, with some filling stations now selling petrol above N1,400 per litre. Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Depot Prices Fuel the PressureA key driver behind the pump-price increases is the cost of petrol at supply depots across the country, whic…

…by 0.47% and 0.16%, respectively, at the time of reporting. This comes amid a report by Bloomberg about Venezuela’s proposed exit from OPEC after nearly three decades of membership. However, the country has not officially made a final decision on the proposal to exit OPEC. Venezuela produced about 1.117 million barrels…

…volatility.Nigerian Breweries led Nigeria’s consumer goods companies by revenue Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Below are the top 10 consumer goods companies in Nigeria by revenue in H1 2026.1. Nigerian Breweries Plc — N803 billionNigerian Breweries…

…face higher costs as Dangote Refinery raises its gantry price to N1,670 per litre Photo: BloombergImagesHow Dangote's New Price ComparesAt N1,670 per litre, the refinery's diesel price sits N21 above the current diesel landing cost of N1,649 per litre, Petroleumprice.ng reports.PAY ATTENTION: From breaking news to vira…

…loan: 10 requirements that could determine whether your application succeeds. Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Because the NHF is a revolving fund, the bank said thorough checks on applicants are essential to ensure loan repayments flow back into the…

…operations.Good news for young graduates as Dangote launches a programme Photo: BloombergImagesAccording to the company, participants will receive training in areas including fleet management, logistics, vehicle maintenance, safety, compliance and operational efficiency.PAY ATTENTION: From breaking news to viral moment…

…landing cost rises to N1,218.54 per litre as Dangote Refinery sells at N1,165. Photo: BloombergImagesThat figure represents what importers would pay after factoring in international refined-product prices, freight, financing, foreign exchange, port charges and other associated costs.PAY ATTENTION: From breaking news to…

…Katsina and Zamfara recorded the highest annual increases across Nigeria. Photo: BloombergImagesThe NBS linked the rise to higher average prices for a range of everyday food items, including crayfish, fresh pepper, onions, carrots, rice, water yam, tomatoes, garri, plantain, beef, and eggs.PAY ATTENTION: From breaking…

…Market (NFEM) on Friday. Naira remains stable at N1,420/$ in the parallel market Photo: BloombergImagesThat compares with a closing rate of N1,365.69 per dollar the week before. On a day-to-day basis, the currency edged up by N0.04 from N1,357.65 recorded on Thursday.PAY ATTENTION: From breaking news to viral moments.…

…in 94,186 deals.Financial stocks dominate trading as NGX closes week higher Photo: BloombergImages The sector accounted for 67.84% of total equity turnover volume and 36.15% of total value.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The Services industry followed, recording 353.436…

…Administration of Customs (GAC) reported, compared with a 23.0 percent forecast by Bloomberg. Overseas shipments of computers and related parts jumped 45.2 percent on year in the first seven months, the data showed. “Export and import values remain elevated, helped by soaring global demand for electronics and green tec…

…hopes emerge for cheaper petrol as international crude prices slide sharply. Photo: BloombergImagesThe selloff came after U.S. President Donald Trump announced that a planned military strike against Iran had been suspended in favour of continued diplomatic talks over Tehran's nuclear programme. PAY ATTENTION: From brea…