Senate Fast-Tracks Yuguda’s CBN Deputy Governor Confirmation
The Senate swiftly advanced Lamido Abubakar Yuguda's confirmation as CBN Deputy Governor, granting him a 'take a bow and go' privilege to bypass questioning.
Category : Business
Ibukun Awosika leaves Cadbury Nigeria board after 15 years
Ibukun Awosika steps down from Cadbury Nigeria Plc board after 15 years, effective May 1, 2026. She served since October 2009 and is a former First Bank chairman.
Naira Falls Again as Banks Quote Higher Dollar Rates
Nigerian naira weakens against dollar amid surging demand and liquidity challenges. Banks adjust rates as FX pressure mounts.
Senate Targets $2bn Rice Import Bill with Agro Reforms
The Nigerian Senate advances three bills to reduce $2bn annual rice imports, boost local food production, and enhance agricultural self-sufficiency.
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Guinness Nigeria Celebrates 76 Years, Returns to Profit
Guinness Nigeria marks 76 years of operations, returning to profitability with its 'Build for More' agenda, focusing on portfolio modernization and community development.
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Lagos Moves Closer to 24-Hour Power with First State-Licensed IPP
Lagos is set to launch its first state-licensed independent power producer by early 2027, aiming to boost electricity supply and cut the $2.7bn annual self-generation cost.
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Nigerians Face Higher Cooking Gas Costs as LPG Prices Jump
Nigerians face higher cooking gas costs as LPG prices jump to ₦7,655 for 5kg in March 2026, driven by forex pressures and global energy trends, NBS reports.
Dangote Refinery Raises Petrol to ₦1,275, Halts Sales
Dangote Refinery increases petrol price to ₦1,275 per litre, suspends sales via PFI halt, sparking supply fears and potential fuel scarcity across Nigeria.
Abuja Landlord's Two-Year Rent Demand Angers Tenant
A man in Abuja laments after a landlord insists the apartment is only for civil servants, yet demands two years' rent upfront, calling it unaffordable.
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Plane Crashes Into Hangar in Australia, Two Dead
A light aircraft crashed into a hangar at Parafield Airport in Adelaide, killing two and injuring several others. Emergency services rushed to the scene.
Dangote Raises Petrol Price to N1,275, Halts Sales
Dangote Refinery increases petrol ex-depot price by N75 to N1,275 per litre and suspends sales due to Proforma Invoice disruption, affecting downstream market.
FCCPC Orders Airlines to Feed, Lodge Stranded Passengers
The FCCPC has mandated airlines to provide refreshments, communication access, and accommodation for stranded passengers due to flight delays or cancellations.
Flutterwave, ASIF Partner to Champion Youth Entrepreneurship
Flutterwave and ASIF partner to advance youth entrepreneurship and digital financial inclusion in Nigeria through the YEEP 2026 programme, equipping young Nigerians with payment tools and resources.
Nigeria Petrol Price Falls 15.6% Year-on-Year: NBS
Nigeria's average petrol price fell 15.6% year-on-year to ₦1,051.47 in February 2026, but rose 1.62% month-on-month, according to the National Bureau of Statistics.
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NLC President: N1m Minimum Wage Worthless Without Strong Naira
Nigeria Labour Congress President Joe Ajaero says strengthening the naira is more critical than raising the minimum wage. He warns that even N1 million is worthless amid high inflation and global crises.
Tony Elumelu Nears Billionaire Status as Seplat Stake Hits $1B
Tony Elumelu's stake in Seplat Energy surges toward $1 billion amid a share price rally, strong financials, and strategic board appointment, fueling billionaire speculation.
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UAE exits OPEC after nearly 60 years in oil market shake-up
The United Arab Emirates announces its departure from OPEC and OPEC+ to pursue greater production flexibility, potentially reshaping global oil markets and weakening the cartel.
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Borrow Me Returns: Get MTN & Airtel Airtime Loans Again
A Federal High Court has restored airtime lending for MTN and Airtel. Learn the new USSD codes and how to check eligibility today.
United Capital Beats SEC Capital Deadline, Fully Compliant
United Capital Group completes recapitalisation of SEC-regulated subsidiaries, meeting revised minimum capital requirements 14 months before the June 2027 deadline.
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5kVA Solar Setup Beats 12kVA: Man Explains Why
A Nigerian man shows how his 5kVA inverter with 30kWh battery runs ACs, fridge, and iron at night, arguing that battery capacity matters more than inverter size.
Naira Mixed: Black Market Gains, Official Rate Falls to N1,383/$1
The naira strengthened to N1,390 per dollar in the parallel market but depreciated by N14 to N1,383 at the official NFEM window, narrowing the gap to N7.
Nigeria Non-Oil Exports $6.1bn, 210 Markets in 2025
Nigeria's non-oil exports reached a historic $6.1 billion in 2025, expanding to 210 markets, driven by SMEs and women-led businesses.
Foreign Airlines Hike Fares as Global Crisis Disrupts Travel
Rising geopolitical tensions and fuel costs have forced foreign airlines to hike airfares, threatening summer travel plans for many Nigerians. Experts warn of a 40% fare increase.
Reps Approve Tinubu's $516m Loan for Sokoto-Badagry Highway
The House of Representatives approved President Tinubu's request for a $516 million loan from Deutsche Bank to fund the Sokoto-Badagry Super Highway project.
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World Bank Sees 16% Spike in Commodity Prices This Year
The World Bank forecasts a 16% rise in commodity prices in 2026, driven by Middle East conflict and energy disruptions, impacting global inflation and growth.
Senate Passes Revised NPERA Bill for Port Efficiency
The Senate passed the revised Nigerian Port Economic Regulatory Agency bill to address port inefficiencies, reduce charges, and improve cargo movement. A new report reveals Nigerian ports have 475% dwell times.
Reps Approve $516.3M Loan for Sokoto-Badagry Highway
The House of Representatives approved a $516.3 million loan for the Sokoto-Badagry Superhighway. The National Assembly will adjourn for party primaries ahead of 2027 elections.
Uber, Bolt Launch Cheap Korope, Keke Rides in Nigeria
Ride-hailing companies in Nigeria introduce cheaper transport options like minibuses and tricycles to meet rising demand for affordable short-distance travel amid high inflation.
Petrol Prices Rise as Crude Oil Surpasses $100 per Barrel
Nigerians face potential petrol price hikes as depot operators adjust rates upward following global crude oil surge above $100 per barrel amid Middle East tensions.
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Nigeria Infrastructure Spending $40B by 2050
Nigeria's infrastructure spending projected to rise 77% to $40 billion by 2050, maintaining Africa's top spot and ranking 23rd globally, per PwC report.
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