Abuja Rainstorm Damages Transport Project, Causes Gridlock
A heavy rainstorm in Abuja damaged the newly built Kugbo bus terminal, causing major traffic jams on the Abuja-Keffi Road. The incident has raised concerns about infrastructure durability.
Category : Business
N11,000 Market Haul in Kano Declared 'So Cheap' by Shopper
A woman in Kano State showcased the variety of foodstuffs she purchased at the local market for only N11,000, highlighting affordable prices amid economic concerns.
Afreximbank's $10B Lifeline for Africa, CARICOM Amid Conflict
The African Export-Import Bank has approved a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict shocks, focusing on imports, energy, and infrastructure.
Rainstorm Damages Abuja's Kugbo Bus Terminal, Causes Gridlock
A heavy downpour on Tuesday severely damaged the newly built Kugbo Bus Terminal in Abuja, with roof sections collapsing and debris blocking the Nyanya-Keffi Expressway, causing hours-long traffic congestion and stranding commuters.
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Access Bank Backs Ogun's Airport Vision, Applauds Policies
Access Bank CEO Roosevelt Ogbonna commends Ogun State's investor-friendly policies and supports the Gateway International Airport project, highlighting strong public-private partnerships for economic growth.
Aminu Dantata's Net Worth and Legacy in 2026
Explore the life and wealth of Aminu Dantata, a Nigerian business magnate whose net worth was estimated in billions. Learn about his family, career, and philanthropic impact.
Storm Wrecks Kugbo Bus Terminal, Triggers Abuja-Keffi Gridlock
A severe rainstorm in Abuja damaged the new Kugbo Bus Terminal, causing debris to block the Abuja-Keffi Road and leading to hours of traffic chaos, with scavengers looting materials amid the disruption.
Ogun Commissions ATC Industrial Park, Flags Off Mall in Ode-Remo
Ogun State Government commissions the ATC Business and Industrial Park in Ode-Remo, Remoland, and flags off a shopping mall project to boost industrialization and economic growth.
Nigerian Woman Exposes Forex 'Gurus' Recruitment Profits
A Nigerian woman's viral TikTok video exposes the Forex trading industry, claiming influencers profit from recruiting students rather than actual trading. She describes it as exploitative, sparking online debate.
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Rainstorm Destroys Wike's Abuja Bus Terminal, Causes Gridlock
A heavy rainstorm severely damaged the Kugbo bus terminal in Abuja, ripping off its roof and causing major traffic disruptions. No casualties were reported, but scavengers looted debris as Nigerians question the project's durability.
Nigerian Stock Market Gains N208.65bn After Easter Holiday
The Nigerian stock market opened the new trading week bullish, with market capitalization increasing by N208.65 billion. Strong buying interest in Cadbury Nigeria, First Holdco, and Honeywell Flour Mills drove the rally, while Transnational Corporation an
Lagos 4th Priciest African Rental City, Rent N26.8M Annually
Lagos is now Africa's fourth most expensive city for renting a two-bedroom apartment, with annual costs soaring to N26.8 million. The income-to-rent ratio has surged to 70%, far exceeding UN affordability standards, driven by high demand and limited suppl
Diesel Prices Soar Above N2,000/Litre at Nigerian Depots
Diesel prices at major Nigerian depots have exceeded N2,000 per litre, driven by rising global crude oil costs and supply constraints. Retail pump prices are expected to increase as marketers adjust to higher procurement expenses.
Ecobank Nigeria Offers 8.95% Interest on Target Savings
Ecobank Nigeria has revised its savings interest rates to 7.95% for standard accounts and 8.95% for target savings, effective March 1, following CBN's MPR adjustments.
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Heliconia Park Hotel Lagos Launches Oasis Gourmet Restaurant
Heliconia Park Hotel & Spa Lagos has officially launched Oasis Gourmet Restaurant and Pool Bar, a new fine dining destination in Victoria Island. The launch event attracted distinguished guests and business leaders.
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Tinubu to Commission Opebi-Mende Bridge in Lagos
President Bola Tinubu will officially open the Opebi-Mende Link Bridge in Lagos this week, a strategic infrastructure project designed to improve connectivity and reduce traffic congestion in the metropolis.
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Tetracore Energy Launches New CNG Station in Benin City
Tetracore Energy Group has commissioned a new Auto Compressed Natural Gas station in Uwusan, Benin City, with capacity to fuel 200 vehicles daily, enhancing sustainable transport and industrial energy access in Nigeria's critical growth corridor.
NCC Enforces Telecom Compensation for Poor Service
The Nigerian Communications Commission has mandated telecom operators to compensate subscribers for poor service quality from April, covering voice, data, and SMS failures without requiring applications.
DMO Announces 14.082% Interest on April 2026 Savings Bonds
The Debt Management Office has set interest rates up to 14.082% per annum for the April 2026 Federal Government Savings Bonds, offering secure investment options with quarterly payments and tax benefits.
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Egypt Announces Major Gas Discovery Amid Energy Crisis
Egypt and ENI announce a significant natural gas discovery in the Eastern Mediterranean, offering potential relief as the country faces energy supply pressures linked to regional conflict and rising import costs.
Thailand Considers Overnight Petrol Station Closures to Save Fuel
Thailand is weighing emergency measures, including overnight petrol station closures from 10 p.m. to 5 a.m., to conserve fuel amid global supply pressures from the Middle East conflict. Prime Minister Anutin Charnvirakul announced the potential policy, wh
New Petrol Depot Prices Released, Dangote on NNPC Dollar Sales
Nigerian petrol depot prices surge over 35% due to global crude oil spikes from US-Israeli-Iran conflict. Dangote Refinery reports increased but insufficient crude supply, with NNPC selling in dollars, fueling price pressures.
8 GenCos Sign Tinubu's N3.3 Trillion Power Debt Settlement Deal
Eight major electricity generation companies have signed onto President Tinubu's N3.3 trillion debt settlement program, aiming to resolve Nigeria's persistent power sector liquidity crisis. Industry experts call for transparency in the debt calculation pr
Obi Questions Repeated ₦3.3tn Power Debt Approvals
Peter Obi criticizes the federal government's latest ₦3.3 trillion approval for power sector debts, questioning transparency and previous similar measures.
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Dangote Refinery Petrol Prices Jump N576 in 3 Months
Dangote Refinery increased petrol prices by N576 in the first quarter of 2026, adjusting rates nine times due to volatile crude oil markets and exchange rate pressures.
Nigerians Rush to Link Accounts Ahead of New CBN BVN Rules
The Central Bank of Nigeria's new BVN regulations, effective May 1, 2026, have triggered a surge in account linking, with registrations reaching 68.6 million as Nigerians comply with stricter security measures.
Five African Nations Offer Visa-Free Access to Nigerians
Seychelles, Gambia, Ghana, Benin Republic, and Rwanda have implemented visa-free policies for African travelers, promoting regional integration and mobility across the continent in alignment with AfCFTA goals.
Cancel Glo Auto-Renewal: Complete 2026 Guide
Learn step-by-step methods to stop Glo auto-renewal via USSD, SMS, and online. This guide covers cancellation, customer care, and tips to manage your data plans effectively in Nigeria.
CBN Union Bank Takeover Reveals Trillion-Naira Financial Abuses
A forensic audit reveals Union Bank's former leadership engaged in a $300 million shadow loan scandal, illegal withdrawals, and depositor fund raids, prompting CBN's dramatic intervention to prevent systemic collapse.
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Nigeria's Power Crisis Deepens as GenCos Demand Tariff Review
Electricity generation companies in Nigeria are urging regulators to swiftly adjust tariffs following a government hike in gas prices, warning that delays could exacerbate the sector's liquidity crisis and impact consumers.
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