Electricity consumers in Anambra state have called on First Power to install prepaid meters, rejecting estimated billing practices. The company has opened a new meter lab in Onitsha to speed up installations, while state regulators pledge fair oversight.
Electricity consumers in Anambra state have called on First Power to install prepaid meters, ending estimated billing disputes. Regulators pledge oversight for fair, affordable power.
A Nigerian woman with a large mansion has upgraded her solar batteries after revealing she spent N1.5 million monthly on diesel despite having solar power for six years.
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Rising inflation forces millions of Nigerians to cut eggs, yams, rice, and other staple foods from their diets. With poverty rates above 50%, households spend up to 70% of income on food, highlighting a severe cost-of-living crisis.
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Proactive companies are hiring in Q1 to gain competitive advantages, including lower talent competition and faster onboarding, while others risk losing top candidates by waiting until mid-year.
The average retail price of petrol in Nigeria fell by 15.6% year-on-year to ₦1,051.47 in February 2026, with Yobe State having the highest price and Lagos the lowest, according to NBS data.
Unity Bank has firmly dismissed reports suggesting it failed to meet CBN's recapitalization threshold, confirming full compliance and strong financial stability ahead of the March 31, 2026 deadline through strategic merger and capital enhancement initiati
The Central Bank of Nigeria mandates IMTOs to open naira settlement accounts with authorised banks to enhance transparency and efficiency in forex market operations.
The Centre for the Promotion of Private Enterprise warns that additional taxes on sugar-sweetened beverages could hurt Nigeria's manufacturing sector and slow economic recovery.
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Aliko Dangote praised President Tinubu's UK visit as a significant boost for investment, highlighting a £746 million infrastructure deal and warning about global economic pressures.
Stakeholders project the 750km Lagos-Calabar Coastal Road could transform Nigeria's economy, raising GDP from $400bn to up to $14tn over 50 years through regional collaboration and strategic development.
Bank of Agriculture CEO Ayo Sotinrin urges stronger partnerships and capital mobilization at a London forum, highlighting Nigeria's vast agricultural potential and the need for climate-resilient investments.
A Nigerian man has moved into his uncompleted house after his landlord tripled his rent. He shared a video tour, expressing joy at becoming a landlord despite the unfinished state, sparking praise online for his decision to build gradually.
The WTO's 2026 report highlights that AI investment and the Middle East conflict will significantly influence global trade, with AI driving high-tech goods and services, while geopolitical tensions pose risks to energy and transport costs.
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The Lagos Chamber of Commerce and Industry has highlighted governance and regulatory gaps in Nigeria's construction sector, calling for urgent reforms to prevent collapse and promote sustainable growth.
A £746 million port financing agreement between Nigeria and the UK has raised alarms over steel imports, with experts criticizing the neglect of local steel industries like Ajaokuta and Osogbo, warning of debt and job losses.
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Power Minister Adebayo Adelabu discloses Nigeria requires over $100 billion in public and private investment to achieve reliable 24/7 electricity, citing gas shortages and infrastructure gaps.
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With cement prices exceeding ₦11,000 per bag, Nigerian builders are turning to mud construction as a cost-effective, climate-friendly alternative for affordable housing projects across the country.
The NMDPRA has approved six marketers to import petrol, challenging Dangote Refinery's 92% market share. This move aims to enhance distribution flexibility and stabilize prices amid supply concerns.
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Aliko Dangote highlights that escalating oil prices due to Middle East conflicts are pushing countries to adopt work-from-home policies, straining small businesses and African economies.
The Central Bank of Nigeria has reassured citizens that the banking sector remains stable and customer deposits are fully protected ahead of the March 31, 2026 recapitalisation deadline. The regulator dismissed rumors of account freezes and urged the publ
Global crude oil prices plummeted up to 10% after Donald Trump paused strikes on Iran, raising expectations for reduced petrol prices in Nigeria as marketers face pressure to pass on savings.
Nigeria's naira strengthened to N1,382.63 per dollar as foreign exchange inflows surged 45% to $4.4 billion in February. Despite declining external reserves, net usable reserves improved significantly to $34.80 billion, signaling resilience.
A Nigerian restaurant owner celebrated installing a N20 million solar system that powers her business, eliminating her daily N200,000 diesel expenses. The system runs six ACs, four freezers, and other equipment.
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Aliko Dangote warns that escalating Iran-US tensions could worsen Nigeria's economic hardship, drive up energy costs, and force a return to COVID-era work-from-home measures, impacting daily earners and small businesses.
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Minister of Power Adebayo Adelabu has formally apologized to Nigerians for persistent electricity outages, attributing them to gas shortages and pledging restoration within weeks.
The Nigerian Naira depreciated to N1,383.5 per US dollar on Tuesday, with external reserves declining to $49.6 billion, reflecting ongoing forex market pressures and cautious trading conditions.
The Nigerian Civil Aviation Authority has detailed requirements for drone operations, including a five-phase certification process and clearance from security agencies, with penalties like fines and imprisonment for non-compliance.
The Federal Government has unveiled the OHOPRS initiative, budgeting N16 trillion to lift 50 million Nigerians out of poverty by 2030 through coordinated efforts with development partners and the private sector.
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The Federal Government announces reforms to reduce middlemen dominance in livestock value chains, introducing live-weight pricing and digital tagging to stabilize prices and improve farmer incomes.
