Tinubu: Naira Could Reach N1,000/$1 in Weeks
President Bola Tinubu forecasts the naira could appreciate to N1,000 against the US dollar in weeks, citing CBN interventions and economic reforms at the Renewed Hope Ambassadors Summit.
Category : Business
CBN Cuts Rate to 26.5% Amid Cooling Inflation
The Central Bank of Nigeria has reduced its benchmark interest rate to 26.5%, marking a second cut in five months as inflation shows signs of easing, with January 2026 data at 15.10%.
Shettima: Why Naira Has Not Reached N1,000 per Dollar
Vice-President Kashim Shettima reveals that without CBN intervention, the naira could have reached N1,000 per dollar. He highlights Nigeria's economic progress and investment appeal.
Food Vendor Cries Over 21 Unsold Rice Plates on Business Launch
A Nigerian food vendor's first day in business ended in heartbreak as she cooked 21 plates of rice but made no sales, sparking viral reactions and support on TikTok.
Students Jailed for Explosive Sheep Attack
Two agricultural students from Plumpton College have been sentenced to prison for a brutal attack on a sheep involving explosives. The court described their actions as callous and sadistic.
Tyra Banks Seeks Sanctions in Business Legal Dispute
Model Tyra Banks seeks over $50,000 in sanctions against a Washington D.C. landlord, accusing him of a 'celebrity shakedown' over a failed ice cream shop deal. The dispute involves allegations of a breached lease and financial losses.
CBN Reduces Interest Rate to 26.50% Amid Falling Inflation
The Central Bank of Nigeria has lowered its Monetary Policy Rate by 50 basis points to 26.50% following the 304th MPC meeting. Governor Cardoso cited declining inflation and exchange rate stability as key factors driving the unanimous decision.
Lagos Airport Fire: Server Room Blaze Halts Flights, 6 Hospitalized
A major fire at Murtala Muhammed International Airport's Terminal 1 disrupted operations, diverted international flights, and hospitalized six people. Investigations point to a server room technical fault as the cause.
Naira Falls: BDC Dollar Rate Hits N1,400+ After CBN Action
Bureau De Change operators have pushed the US dollar exchange rate above N1,400 in Nigeria's parallel market following CBN's decision to absorb dollars. The naira also weakened in official trading.
Nigeria Gets $700k ECOWAS Grant for Solar Power in 15 Institutions
The Federal Government has secured a $700,000 ECOWAS grant to install solar power systems in 15 public health and education institutions across Nigeria, marking the start of a regional clean energy initiative.
Nigerian Breweries Celebrates 2025 Distributor Awards
Nigerian Breweries Plc recognized its outstanding trade partners at the 2025 Distributor Awards in Lagos, celebrating exceptional performance across revenue growth, distribution efficiency, and operational excellence.
FG Sets New Petrol Import Conditions Amid Dangote Refinery Pricing
The Federal Government has introduced conditional petrol import permits to prevent artificial shortages while supporting domestic refining. This comes as Dangote Refinery announces new Premium Motor Spirit prices at N774 per litre, capturing 62% market sh
GenCos Refute Claims of Power Sector Debt Cut to N2.8tn
The Association of Power Generation Companies has dismissed reports that President Tinubu reduced legacy debts from N6.5 trillion to N2.8 trillion, calling the claims false and misleading without official confirmation.
Tinubu, Power Firms Clash Over N6tn vs N2.8tn Electricity Debt
The Association of Power Generation Companies rejects claims that N2.8 trillion is the final settlement for legacy debts, insisting proper reconciliation hasn't occurred while maintaining confidence in President Tinubu's administration.
FG Restricts Motorcycle Parts Imports to Boost Local Production
The Federal Government has implemented an import-deletion program targeting motorcycle and tricycle components to stimulate domestic manufacturing, create jobs, and reduce foreign exchange reliance.
Eriata Ese Accuses Nigerian Businesses of Overpricing
Big Brother Naija star Eriata Ese criticizes Nigerian business owners for charging exorbitant prices, comparing them unfavorably to internet fraudsters known as Yahoo boys.
Naira Crashes Against Dollar, Pound, Euro as CBN Slows Appreciation
The naira weakened further against major currencies, with the official rate falling to N1,349.24 per dollar as the Central Bank of Nigeria intervened to moderate gains.
Ramadan 2026: Inclusive Workplace Strategies in Nigeria
As Ramadan approaches in 2026, Nigerian employers are implementing smart policies to support fasting Muslim employees while maintaining productivity. Discover nine key strategies for creating respectful, inclusive workplaces during the holy month.
Lagos Airport Flights Resume After Fire; FAAN Activates Emergency Plans
Flight operations have fully resumed at Murtala Muhammed International Airport in Lagos following a temporary suspension due to a fire incident at Terminal One. FAAN activated contingency measures including a remote control tower and temporary terminal se
Lagos Airport Reopens After Fire; Flights Diverted
The Murtala Muhammed International Airport in Lagos has resumed operations following a fire outbreak. FAAN confirmed six injuries, no fatalities, and the diversion of three international flights.
NGX Leads Africa as Strongest Stock Market, Nears N126 Trillion
Nigeria's stock market emerges as Africa's top performer in dollar terms with 34.39% return, nearing N126 trillion market cap as investor confidence surges amid currency stability and policy reforms.
CBN Approves Bank78 MFB as New Digital Bank Launches
Bank78 MFB has officially commenced operations as a licensed digital microfinance bank in Nigeria, bridging the gap between fintech innovation and traditional banking reliability with full CBN licensing and NDIC deposit insurance.
CBN Deadline: Nigerian Banks Race for Capital
With four weeks left to meet the Central Bank of Nigeria's recapitalization deadline, major banks are prepared while smaller institutions scramble for funds. The move aims to strengthen the banking sector and support Nigeria's economic ambitions.
Nigerian Lady Lands Office Administrator Job, Shares Joy Online
A Nigerian lady has expressed overwhelming joy after receiving an employment offer for the role of Office Administrator and Front Desk Manager, sharing the letter on social media.
Lagos Approves 13% Fare Increase on BRT Buses
The Lagos State Government has approved a 13% fare increase for all Bus Reform Initiative schemes, including BRT and standard routes, effective March 2, 2026, citing economic pressures.
Six Casualties in Lagos Airport Fire; Terminal 1 Incident Controlled
A fire outbreak at Murtala Muhammed International Airport's Terminal 1 in Lagos resulted in six casualties, all stable, with emergency teams containing the blaze and rescuing trapped individuals.
Air Ambulance Crash in India: Seven Feared Dead
An air ambulance carrying seven people, including a critically burned patient, crashed in Jharkhand's Chatra district after losing radar contact. The DGCA has launched an investigation.
Wike Cancels 485 Abuja Land Documents After Verification
FCT Minister Nyesom Wike has approved the cancellation of 485 land documents in Abuja after they failed to meet official verification standards during a comprehensive screening exercise.
Fire at Lagos Airport Old Terminal Contained, No Casualties
A fire broke out at the old terminal of Murtala Muhammed International Airport in Lagos, with FAAN confirming emergency response teams swiftly contained the blaze and reported no casualties.
Anambra Shuts Auto Market for One Week Over Sit-at-Home
The Anambra State Government has ordered the closure of the New Auto Spare Parts Association market in Nnewi for one week due to non-compliance with directives against the sit-at-home order.
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