Imported Petrol N77 Cheaper Than Dangote Fuel
Major energy marketers report imported petrol landing cost at N721.80/litre, significantly lower than Dangote Refinery's N799/litre price, creating a N77.2 price gap per litre.
Category : Business
Naira Hits Best Exchange Rate Since May 2024
The Nigerian naira has recorded its strongest performance against the US dollar since May 2024, with CBN Governor Yemi Cardoso expressing optimism about sustained monetary reforms.
FG Rejects Northern Governors' Mining Ban Amid Security Fears
The Federal Government has rejected calls from northern governors to suspend mining activities, citing severe economic consequences for the region and Nigeria.
Access Bank's Bidvest Acquisition Deal Collapses
Access Bank's planned acquisition of South Africa's Bidvest Bank has collapsed due to unmet conditions and regulatory hurdles, raising concerns about the Nigerian bank's expansion strategy.
Fayose: Igbos Silent on Kanu While Yorubas Freed Igboho
Businessman Isaac Fayose has sparked controversy by claiming Igbo people are easily influenced by money and have remained silent about Nnamdi Kanu's detention in Sokoto prison, contrasting it with Yoruba efforts to free Sunday Igboho.
Lady Gets High-Paying Job with MacBook Pro and iPhone
A Nigerian lady shares excitement on social media after landing a new job with a significant salary increase and premium gadgets, sparking congratulatory reactions online.
Plastic Waste Becomes Economic Gold for Young Nigerians
Nigerian innovators are turning plastic waste from environmental burden into economic opportunity through recycling, creating jobs and community impact via circular economy models.
Russia Sells Nationalized Domodedovo Airport to Sheremetyevo
Russia's Domodedovo International Airport, seized in a nationalization bid, has been sold to a Sheremetyevo-linked company for $850 million amid ongoing asset seizures.
FG Launches N25M Happy Woman Empowerment Programme
The Federal Government has unveiled the N25 Million Happy Woman Empowerment Programme to support women entrepreneurs with grants, digital skills training, and business mentorship across Nigeria.
Nigeria's Power Plants at 36% Capacity, NERC Shows
NERC data shows Nigeria's power plants operated at only 36% availability in January 2026, with 13,625MW installed capacity generating just 4,421MW, highlighting gas supply and operational issues.
Lagos Residents Protest Housing Project Delays
Residents of Greater Lagos County Apartments in Surulere have written to Governor Sanwo-Olu, alleging that Megamound Investment Limited has failed to deliver promised utilities and services despite full payment.
Ganduje's Son Empowers Kano Farmers with Solar Equipment
Engr. Umar Abdullahi Ganduje distributed 120 solar irrigation pumps and 160 solar systems to farmers and SMEs in Kano, supporting President Tinubu's Renewed Hope Agenda.
Top 10 Strongest Currencies Worldwide in 2026
Analysis of the world's strongest currencies based on US dollar value in February 2026, featuring Middle Eastern oil-backed currencies and traditional European powerhouses.
NDIC: Link BVN for Faster Bank Deposit Refunds
The Nigeria Deposit Insurance Corporation advises customers to properly link BVN to accounts for swift reimbursement of insured deposits if banks fail, with coverage up to N5 million.
Tomato Prices Stable for Ramadan 2026, Farmers Say
Nigerian tomato farmers forecast stable prices during Ramadan 2026 due to peak harvest season coinciding with fasting period, breaking traditional price hike patterns.
How to Identify Free Electricity Meters in Nigeria
Nigerian Electricity Regulatory Commission explains how to distinguish between free DISREP meters and paid MAP meters to prevent exploitation by DisCos.
Dangote Refinery Tops Africa's Largest Functional Refineries 2026
Africa's oil refining industry undergoes significant transformation with Dangote Refinery leading at 650,000 barrels daily capacity, reducing Nigeria's fuel imports and reshaping regional energy security.
Nigeria Must Diversify Beyond Oil for Prosperity - Adedeji
NRS Chairman Dr. Zacch Adedeji calls for Nigeria to move beyond crude oil exports, emphasizing productive complexity and learning from Vietnam's economic transformation.
CBN Grants BOI Non-Interest Banking Licence
The Central Bank of Nigeria has approved the Bank of Industry to operate a Non-Interest Banking window, expanding ethical financing options for businesses during the banking sector recapitalisation exercise.
Fuel Stations Cut Petrol Prices Below NNPC, Dangote Rates
Several Nigerian filling stations have reduced petrol pump prices below NNPC and Dangote refinery rates, with some selling as low as N812 per litre amid intense market competition.
Naira Holds Firm Against Dollar in February 2026
The Nigerian naira shows resilience against the US dollar in early February 2026, trading at ₦1,363.84 in official markets and ₦1,440-₦1,455 in parallel markets amid CBN policy support.
CBN Mops Up Dollars to Slow Naira's Gains as Reserves Rise
The Central Bank of Nigeria purchased $72 million to moderate the naira's rapid appreciation, as external reserves surged by $736.67 million to $46.91 billion, boosting market confidence.
Nigerian Lady Bags High-Paying Dollar Remote Job
A young Nigerian woman has gone viral on social media after announcing she secured a lucrative remote position paying in US dollars, sparking widespread congratulations.
Mining Marshals Flush Out Illegal Miners in Kebbi
Federal mining authorities have dislodged thousands of illegal operators from Kebbi state sites in a coordinated security operation aimed at restoring environmental order.
UK Returnee Shares UBA Instant Account Opening Experience
A Nigerian returning from the UK shares his seamless experience using UBA's instant digital account opening platform, avoiding traditional banking hassles.
Nigerian Stock Market Gains 3.84% as Financial, ICT Sectors Shine
The Nigerian stock market closed the week positively with a 3.84% gain, driven by strong performance in Financial Services and ICT sectors. Market capitalization rose by N4.13 trillion to N110.235 trillion.
Airtel Nigeria Expands 5G Network and Fibre Infrastructure
Airtel Nigeria announces major network upgrades including nationwide 4G coverage, accelerated 5G rollout across 20 cities, and plans for a new 38MW data centre in Eko Atlantic to meet growing data demands.
Private Depots Cut Petrol Prices Nationwide, Offering Hope
Nigerians see hope as private depot owners reduce petrol prices across the country, with Lagos depots selling below N800 per litre. Diesel prices also drop in key cities, signaling potential relief at filling stations.
Summit Bank Meets CBN Recapitalisation Target Early
Summit Bank, a two-year-old non-interest financial institution, has successfully met the Central Bank of Nigeria's capital requirements ahead of the March 2026 deadline, positioning itself for growth in Nigeria's evolving banking sector.
5 Nigerian Banks Declare N502 Billion Profit, Deposits Rise
Five major Nigerian banks have released their 2025 financial results, reporting a combined profit after tax of N502 billion and significant growth in customer deposits, signaling strong public trust and sector resilience.
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