Nigeria's Oil Reforms Earn Regional Praise
West Africa think tank hails NUPRC's bold leadership in transforming Nigeria's oil sector through transparency and innovation. Learn how reforms boost investor confidence.
Category : Business
New Bank Lending Rates Released by CBN for 2025
Central Bank of Nigeria publishes updated lending rates for Access Bank, UBA, Zenith Bank and others. See the new prime and maximum rates affecting loans.
Banks Set Jan 2026 Deadline for NIN, Tax ID Linking
Access Bank, Zenith Bank, UBA, and other Nigerian banks mandate customers to link NIN or Tax ID by January 1, 2026, or face account restrictions under new tax laws.
Fake Captain Exposed for Flying with Forged Papers
A co-pilot falsified documents to become captain at Avion Express, flying hundreds across Europe. Safety investigation ongoing. Read full details.
Nigeria suspends 15% import tax on fuel
Federal government suspends 15% import duty on petrol and diesel through NMDPRA. Move aims to prevent price hikes and ensure adequate supply during peak demand period.
Nigeria loses $15bn annually to oil theft
Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.
Nigeria Opens 2025 Oil Licensing Round December 1
Nigeria's NUPRC launches 2025 oil licensing round on December 1, earning praise for transparency and potential to boost production beyond 2 million barrels daily.
Boeing Ordered to Pay $28M to Crash Victim Family
Federal jury orders Boeing to pay $28 million to UN worker's family in Ethiopian Airlines 737 MAX crash case. First trial verdict among dozens of lawsuits.
Mining Marshals Boost Capacity to Crush Illegal Mining
Minister Alake reveals plans to enhance Mining Marshals' logistics to combat illegal mining nationwide, reclaim 90 sites, and boost revenue to N26bn. Read more.
UN Names Nigeria Among 16 Hunger Crisis Hotspots
UN food agencies warn Nigeria faces severe hunger crisis due to funding shortages. Conflict drives food insecurity in 16 nations. Urgent action needed to prevent catastrophe.
UK Economy Slows to 0.1% Growth Before Budget
UK economic growth slowed to 0.1% in Q3 2025 as unemployment rose to 5.0%, putting pressure on Labour government ahead of crucial budget announcement. Learn more.
Lagos Cuts Food Prices 25% for Christmas
Lagos State introduces 25% subsidy on rice, beans, garri and other essentials ahead of Christmas. Governor Sanwo-Olu's initiative aims to ease cost of living during festive season.
DHL Nigeria Staff Relocate to UK in Mysterious Pattern
A man reveals how everyone holding his former position at DHL Nigeria relocated to the UK. Discover this fascinating trend and join the conversation about this unusual career path.
World's Largest Walnut Forest Thins Away in Kyrgyzstan
The world's largest wild walnut forest in Kyrgyzstan is thinning due to climate change, illegal logging, and overgrazing, threatening a vital economic lifeline for local communities.
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
Boeing Defense Workers Vote on Revised Contract Offer
Over 3,000 striking Boeing defense workers will vote Thursday on a new contract with $6,000 bonus. Union leaders recommend acceptance after months of strike action affecting F-15 and F-18 production.
EU Votes to Weaken Green Business Sustainability Rules
European lawmakers vote to scale back corporate sustainability rules, reducing company obligations on environmental and human rights due diligence. Key changes expected to pass.
Markets Wary After US Shutdown, Eye Fed and Tech
Asian markets tread water as post-shutdown euphoria fades. Focus returns to Federal Reserve rate cuts and a potential tech bubble, with the yen weakening further. Discover the key figures and analysis.
Global CO2 Emissions to Reach New Record in 2025
New research reveals fossil fuel emissions will hit record levels in 2025, making 1.5°C warming limit 'impossible'. Learn what this means for climate action.
Boeing to Pay $28.45M to Victim's Family in 737 MAX Crash
A US jury has ordered Boeing to pay $28.45 million to the family of an Indian victim of the 2019 Ethiopian Airlines crash. This is the first civil trial verdict over the fatal Boeing 737 MAX crashes. Read the full details.
Tribal Chief Raoni to Confront Lula Over Amazon Oil
Indigenous leader Raoni Metuktire vows to give President Lula a 'talking-to' about controversial Amazon oil exploration and deforestation concerns at COP30.
US stops penny production after 232 years
The United States has minted its last circulating penny, ending 232 years of production. Discover why this cost-saving move matters and what happens next to your coins.
Mother sues Qatar Airways over daughter's allergic shock
American mother sues Qatar Airways for $5 million after flight attendant ignored warnings and served dairy candy to her 3-year-old with severe allergy, causing life-threatening anaphylaxis.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
6 Tax Deductions Under Nigeria's New PIT Rules 2026
Discover 6 legitimate tax deductions under Nigeria's new Personal Income Tax rules effective January 2026. Learn how to reduce your taxable income legally and save money.
European Sleeper rescues Berlin-Paris night train
Belgian-Dutch cooperative European Sleeper will revive the Berlin-Paris sleeper train from March 2026 after major operators abandoned it. Discover this eco-friendly travel revival.
ILO Strengthens Nigerian Unions for Labour Challenges
ILO enhances Nigerian trade unions' capacity to address unemployment, underemployment, and informal economy challenges through strategic workshop. Join the push for decent work.
Nigeria Sets December 1 for 2025 Oil Licensing Round
NUPRC confirms 2025 oil licensing round starting December 1, aiming to boost Nigeria's crude production and create new investment opportunities. Learn how this could transform Nigeria's energy sector.
German experts cut 2026 GDP forecast to 0.9%
German economic experts criticize the government's €500bn spending plan, warning it will provide only a minor boost to the struggling economy. They have cut the 2026 GDP growth forecast to 0.9%. Read more for the full analysis.
Convert MTN Pulse Points to Airtime & Data
Learn how to convert your MTN Pulse points to airtime and data bundles. Step-by-step guide using USSD codes and MTN App to maximize your rewards.
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