N2.94 Trillion Shared by FG, States, LGs in October
FAAC disbursed N2.94 trillion to federal, state, and local governments in October 2025, marking a slight decrease from September. Discover the full revenue breakdown and its implications.
Category : Business
Spanish Court Orders Meta to Pay €479M to Media
A Spanish court has ruled that Meta must pay local media €479 million for unfair competition by violating data rules. This landmark case impacts global media survival.
IPMAN Warns of Fuel Crisis Over NMDPRA Debt Delays
IPMAN alerts Nigeria of potential fuel disruption as NMDPRA delays debt payments for over 3 years. Association seeks FG intervention while praising NNPC settlement.
United Nigeria Airlines Accepts VDM, Mr Jollof Apology
United Nigeria Airlines has accepted public apologies from VeryDarkMan and Mr Jollof following their mid-air altercation. The airline commended aviation authorities for their swift response.
Blue Carbon's Africa deals collapse after 2 years
Liberia and other African nations' carbon credit agreements with UAE's Blue Carbon have stalled completely, investigation reveals. No progress on forest protection deals covering millions of hectares.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
PENGASSAN: Oil Retirees' Pensions Losing Value
PENGASSAN raises alarm as oil and gas retirees face hardship with stagnant pensions eroded by inflation. Union demands urgent review from PenCom and major oil companies.
Nigeria's Development Status: Facts and Figures
Comprehensive analysis reveals Nigeria remains a developing country with ₦1.2 million GDP per capita despite being Africa's largest economy. Learn key development indicators.
NCAA fines Qatar Airways N5m, warns AirMaroc, Saudi Air
Nigeria Civil Aviation Authority imposes N5 million fine on Qatar Airways for consumer protection violations. Airline faces sanctions over passenger mistreatment case. Royal Air Maroc and Saudi Air also warned.
LCCI Raises Alarm Over Nigeria's Rising Food Inflation
LCCI Director General Dr Chinyere Almona expresses concern over Nigeria's persistent food inflation despite cooling headline rates. Urgent government action needed to improve food security.
Trade Fair Demolition: Economic Waste in Lagos
The demolition of multi-billion-naira shops at Lagos Trade Fair Complex raises critical questions about governance, transparency, and economic waste in Nigeria. Discover the full story and its implications for investors.
IEI CEO Olasupo Sogelola Resigns, Joyce Odiachi Appointed
International Energy Insurance Plc announces MD/CEO transition as Olasupo Sogelola resigns. Dr. Joyce Odiachi appointed Acting MD amid company's transformation success. Read more.
Quick Wema Bank Account Opening: ALAT, USSD, Branch
Learn how to open a Wema Bank account quickly using ALAT app, USSD code *945*1#, or visiting a branch. Essential requirements: valid ID, BVN, passport photo.
Memory Chip Crunch to Increase Gadget Prices
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
New 500MT LPG Depot Launched in Ore, Ondo State
Alles Charis Gas Limited commissions a 500-metric-tonne LPG facility in Ore, Ondo state, to deepen domestic gas penetration, improve supply security, and support Nigeria's clean energy transition. Discover the impact.
Valuation's Role in Nigeria's Housing Inflation Crisis
Nigeria's housing sector faces severe inflation challenges. Discover how professional valuation helps investors navigate risks in Lagos, Abuja, and Port Harcourt markets. Learn key strategies.
6,386 Cargoes Detained at Lagos Ports Cost N472.5M Daily
Over 6,386 imported containers face detention at Lagos ports, accumulating N472.5 million daily in demurrage charges. Maritime Police blamed for disrupting cargo clearance processes. Read full investigation.
NEM Insurance Assets Reach N165.46bn in Q3 2025
NEM Insurance Plc strengthens market leadership with N165.46bn assets in Q3 2025. Insurance revenue surges 55% to N107.44bn. Discover how they achieved this remarkable growth.
Stocks Rally as Nvidia Report Offsets Fed Rate Concerns
Asian markets surged as Nvidia's blockbuster earnings report calmed fears of an AI bubble, overshadowing Federal Reserve concerns about persistent US inflation. Get the latest market analysis.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
UNIZIK Alumni, Enterprise Life Partner for Financial Inclusion
Nnamdi Azikiwe University Alumni Association partners with Enterprise Life Assurance to promote financial security and future readiness at its 30th-anniversary event in Lagos. Discover how insurance is key to stability.
DBN Hosts Women Investment Readiness Accelerator Event
Development Bank of Nigeria hosts WIRA Demo Day on November 21, showcasing women-led businesses to investors. Program addresses funding gaps for female entrepreneurs in competitive markets.
Digital Access Vital for Nigeria's $1tr Economy Goal
FairMoney MD Henry Obiekea reveals how transparent digital lending can drive Nigeria's $1 trillion economy target by tackling financial exclusion affecting 40 million adults.
TIBA Academy graduates inaugural class of 22 students
The Iconic Brand Africa Academy celebrated its first graduation in Lagos, empowering 22 entrepreneurs from four countries with skills for business growth and innovation.
Ethiopian Airlines orders 6 Airbus A350-900 aircraft
Ethiopian Airlines strengthens its African leadership with six new Airbus A350-900 orders at Dubai Airshow. The expansion supports sustainability goals and enhanced passenger experience.
Court awards N20.7bn against petroleum marketer
A Federal High Court in Lagos has ordered Kehinde Elliot Ogbor and Danium Energy to pay Union Bank N20.7 billion. The bank can now seize and sell properties to recover the debt. Read the full details.
Makinde Signs Oluyole Free Trade Zone JV Agreement
Oyo State Governor Seyi Makinde has signed the Oluyole Free Trade Zone joint venture with Euro FMCG Universal Beverages, promising thousands of jobs and economic transformation for residents.
Fed Officials Resist December Rate Cut Amid Pressure
Federal Reserve minutes reveal most officials oppose December rate cut, creating tension with President Trump who wants lower rates. Key economic data remains uncertain.
Man Gets 16.9kwh for ₦2000 Under Band A Tariff
A Nigerian man's electricity receipt showing he received 16.90kwh for ₦2000 under Band A tariff goes viral, sparking reactions about possible price reductions or system glitches.
Swiss Farmers Protest US Trade Deal Over Chlorinated Chicken
Switzerland faces farmer protests over US trade deal that may allow hormone-fed beef and chlorinated chicken imports. Learn how this affects Swiss food standards and consumer safety.
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