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Bournvita Ramadan Campaign Feeds 150,000+ Nigerians
Bournvita launches major 2026 Ramadan initiative, distributing free beverages at 159 mosques and activating markets across 49 locations to support Muslim families during the holy month.
Category : Business
Tinubu: Economy Improving, Governors Not Borrowing for Salaries
President Bola Tinubu asserts Nigeria's economy has turned a corner, with state governors no longer needing bank loans to pay salaries. He made the remarks at an interfaith breaking of fast event in Abuja.
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Oil Price Falls to $83, Could Nigeria's Petrol Prices Drop?
Global crude oil prices have declined to $83 per barrel after recent spikes, raising questions about potential reductions in Nigeria's petrol prices following recent hikes.
Naira Hits 5-Month Low as Dollar Strengthens
Nigeria's naira weakens to N1,405.62 per dollar at official market despite increased FX inflows and rising external reserves. Parallel market gap narrows to N15, signaling potential convergence.
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Naira Hits 5-Month Low as CBN Releases New Exchange Rate
Nigeria's currency weakened to N1,405.62 per dollar at the official market despite increased foreign exchange inflows and rising external reserves. The parallel market gap narrowed significantly, signaling potential convergence.
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First Bank Layoff Method Sparks Outrage in Nigeria
First Bank of Nigeria faces widespread criticism after accounts reveal it had outgoing non-core staff train their replacements before locking them out and sending dismissal texts.
Dangote Refinery: 47 Agency Fees Drive Up Petrol Prices
Dangote Refinery's MD reveals that fees from 47 government agencies contribute to rising petrol prices, urging priority crude access for local refineries amid global supply disruptions.
Dangote Refinery CEO: Fuel Prices May Remain High Despite Full Output
Dangote Petroleum Refinery CEO David Bird explains that petrol prices may not drop even with full refinery operation due to global oil market volatility and supply chain costs. Nigerian crude accounts for 30-35% of feedstock.
Naira Depreciates Against Dollar, CBN Issues New Exchange Rates
The Nigerian naira has depreciated in the official market, hitting its lowest level in two months due to rising dollar demand from Middle East tensions. The Central Bank of Nigeria released new exchange rates as the currency weakened further.
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FCMB Meets CBN's N500bn Capital Requirement for International License
FCMB Group has successfully completed a capital raise program, securing N242.8 billion to meet the Central Bank of Nigeria's N500 billion minimum capital requirement for an international banking license.
Dangote, Others May Cut Petrol Prices as Oil Plunges After Trump
Global oil prices dropped sharply after Donald Trump suggested the Iran conflict could end soon, easing supply fears. This may lead to petrol price cuts in Nigeria from Dangote Refinery and other suppliers as crude prices decline significantly.
Petrol Prices Jump Nationwide as Dangote Refinery Adjusts Rates
Nigerian petrol prices surge dramatically as depot owners announce fresh rates following Dangote Refinery's adjustments amid global crude oil price volatility triggered by Middle East tensions.
Navy Foils Sea Robbery, Saves 16 in Calabar
The Nigerian Navy successfully intercepted a sea robbery attempt, rescuing 16 passengers held hostage along the Ibaka-Calabar maritime corridor in a swift security operation based on credible intelligence.
Lagos Man Shares Train Commute Cost, Sparks Reactions
A Lagos resident has detailed his monthly expenses for using the state's train service, prompting widespread discussion online about transportation affordability and urban living costs.
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Man Abroad Finds N5,000 Bank Balance Reduced to N500
A Nigerian man relocated abroad and left N5,000 in his local bank account, only to discover it had dwindled to N500 later, sparking debate on banking fees and practices in Nigeria compared to the UK.
Africa's Billionaires Add $20bn, Dangote Leads Forbes List
Forbes reports Africa's 23 billionaires increased combined wealth by $20bn to $126.7bn. Aliko Dangote retains top spot with $28.5bn fortune as Nigerian entrepreneurs show strong gains.
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Kano Women Launch Female-Only Tricycle Service 'Mata Zalla'
Women in Kano State have launched Mata Zalla, a female-only tricycle transport service offering lower fares, enhanced safety, and employment opportunities for women drivers in the conservative region.
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BBA Motors Opens Lagos Showroom, Unveils Zeekr 9X SUV
BBA Motors has inaugurated its flagship showroom in Lagos, marking the Nigerian debut of the Zeekr 9X luxury SUV with the first nationwide vehicle delivery. The event featured high-profile attendees and highlighted the company's expansion in the automotiv
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Dangote Refinery Petrol Price Hits ₦1,175
Dangote Refinery has increased petrol prices to ₦1,175 per litre, marking the third hike in seven days due to global oil price surges and geopolitical tensions affecting Nigeria's energy market.
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UAE Announces 2026 Eid Al-Fitr Holidays for Workers
The UAE has officially declared the 2026 Eid Al-Fitr holiday dates for both public and private sector employees, with the duration contingent on the length of Ramadan. Astronomers predict a 30-day Ramadan, potentially extending the private sector break.
Abuja Women Turn Private Cars to Taxis for Income
Women in Nigeria's capital are transforming personal vehicles into informal 'kabu-kabu' taxis to combat rising living costs and fuel prices, creating affordable transport alternatives.
Quest Merchant Bank Clears N50bn Capital Hurdle
Quest Merchant Bank has successfully met the N50 billion minimum capital requirement set by the Central Bank of Nigeria, marking a significant milestone after its exit from First HoldCo. The bank is now positioned to finance large-scale projects across ke
Fuel Price Could Hit N2,000, PETROAN Warns NNPC
PETROAN urges NNPC to revive domestic refineries to shield Nigeria from global oil shocks, warning petrol may reach N2,000 per litre due to geopolitical tensions.
UCIF Delivers 24.62% Return in 2025, Distributes N6.19bn
United Capital Infrastructure Fund announced a 24.62% gross return for 2025, distributing over N6.19 billion to investors and strengthening governance with new experts.
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Gateway Airport Key to Nigeria's Cargo Movement - Shippers' Council
The Nigeria Shippers' Council CEO highlights the Gateway International Airport as crucial for addressing cargo challenges in Nigeria and West Africa, praising Ogun State's infrastructure development.
Lagos Commuter Appeals for More BRT Buses
A Lagos resident has publicly appealed to the state government to increase the number of BRT buses, citing daily struggles due to insufficient public transport.
Lagos Commuter Spends ₦70,000 Monthly on Transport
A young Lagos resident has detailed his daily commute, showing the multiple buses he takes and revealing his transportation costs amount to nearly ₦70,000 per month, highlighting the financial burden of urban travel.
Dangote Refinery Petrol Price Hits N1,175, Sparks Inflation Worries
Dangote Petroleum Refinery has increased Premium Motor Spirit price to N1,175 per litre, just days after a previous hike, with Automotive Gas Oil also rising to N1,620, likely driving nationwide fuel cost increases and higher living expenses.
Dangote Refinery Approves 20 Marketers, Petrol Price Hits N1,175
Dangote Petroleum Refinery has authorized 20 selected marketers for limited petrol loading and increased ex-depot prices to N1,175 per litre, reflecting market dynamics amid global tensions.
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France's 2026 Customs Rules: Banned Items for Travelers
France has released updated customs rules for 2026, detailing items travelers cannot bring into the country, including food, animals, weapons, and counterfeit goods, with strict penalties for violations.
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