Lebara, backed by UK diplomatic efforts, has officially entered Nigeria's competitive telecom sector, unveiling its 0724 number series and aiming to connect diaspora and domestic users through innovative services and partnerships.
Finance Minister Wale Edun announced that nine million of Nigeria's poorest households have received direct cash transfers, with over 12 million Nigerians enrolled through digital ID integration.
The Joint Revenue Board reassures Nigerians that obtaining a Tax ID will not lead to automatic bank deductions, as the new portal receives positive feedback despite initial panic over tax reforms.
Cement prices have skyrocketed above N10,000 per bag in Nigeria, with major brands like Dangote and BUA increasing costs due to production and logistics. Dealers report new rates up to N11,500, impacting construction and housing projects nationwide.
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Nigerian entrepreneurs can apply for the SIA Startup Foundry's third cohort, offering $10,000 grants, business bootcamps, mentorship, and investor exposure. Applications close March 13, 2026.
Traders at Onitsha Main Market have urged Governor Charles Soludo to consider building extension markets instead of demolishing 10,000 shops, warning of increased insecurity and economic harm.
Lagos State's Bus Rapid Transport fare increase has led to rising transportation costs and commuter frustration over declining service quality and safety concerns across major routes.
A comprehensive overview of plane crash compensation, covering liability, calculation methods, and legal complexities for victims and families seeking justice after aviation disasters.
The U.S. dollar retreated to its lowest level in a week as geopolitical risks and renewed trade tensions weighed on investor sentiment. Currency markets brace for volatility amid Supreme Court rulings and diplomatic talks.
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The Nigerian equities market sustained its bearish momentum for the second consecutive session, wiping N514 billion off investors' wealth. The All-Share Index fell 0.41% as profit-taking hit banking, consumer goods, and oil and gas stocks.
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Telecom giant Globacom partners with Samsung to launch the Galaxy S26 series in Nigeria, offering exclusive pre-order benefits including free data bundles and Platinum eSIM numbers to customers.
President Bola Tinubu has signed an executive order mandating direct remittance of oil and gas revenues to the Federation Account, eliminating key deductions and sparking debates on transparency and job losses.
The Federal Competition and Consumer Protection Commission's interim report suggests domestic airlines engaged in price fixing during the 2025 Yuletide season, with fares reaching N450,000 despite stable operational costs. The Commission is continuing its
The National Bureau of Statistics reports a significant 17.77% year-on-year decrease in petrol prices for January 2026, with Cross River, Rivers, and Nasarawa recording the highest prices while Ekiti, Enugu, and Kaduna have the lowest.
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Ikeja Electric has ordered traders and business operators to vacate areas beneath high-voltage power lines in Lagos, warning of demolition and prosecution for non-compliance.
A new FAO report projects Nigeria will have Africa's highest food inflation at 17.1% in 2026, with Angola, Zambia, and Ethiopia among nine other African nations facing significant increases, while some countries may see price declines.
World Economic Forum President Borge Brende resigns after reports of emails and meetings with Jeffrey Epstein, with Alois Zwinggi appointed as interim chief.
Fresh data reveals Nigeria's naira is not among Africa's 10 weakest currencies despite recent volatility. The ranking highlights economic challenges facing other African nations.
A Chinese crane manufacturing company stunned 7,000 employees by stacking $26 million in cash at its annual celebration, inviting them to take home as much as they could physically carry. The firm's billionaire owner explained his unconventional bonus met
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The Nigerian naira has declined slightly after weeks of gains, with the Central Bank purchasing dollars to stabilize the currency and prevent rapid appreciation, impacting market strategies.
Morocco leads Africa with a $374 monthly minimum wage in 2026, followed by Mauritius and Algeria, as inflation continues to erode purchasing power despite wage increases across the continent.
The Nigerian naira extended its losing streak, falling against the US dollar, British pound, and euro in both official and parallel foreign exchange markets. The Central Bank of Nigeria's recent dollar purchases and interest rate cut contributed to the cu
The Niger Delta Power Holding Company has urged the federal government to phase out electricity subsidies and introduce fully cost-reflective tariffs to address liquidity challenges and stabilize Nigeria's power sector.
The EFCC has informed a Lagos court that the CBN board approved AMCON's takeover of Arik Air after the airline faced severe financial distress, with testimony revealing alleged fund diversion.
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Union Bank of Nigeria has issued a strong statement assuring customers of deposit security and operational stability following recent comments by the Central Bank of Nigeria governor on recapitalisation timelines for banks under regulatory intervention.
With the March 31, 2026 deadline approaching, 13 Nigerian banks are racing to meet the Central Bank's new capital requirements, sparking potential mergers and acquisitions in the industry.
President Bola Tinubu has approved a one-year extension of the ban on raw shea nut exports, aiming to boost domestic processing and value addition under the Renewed Hope Agenda.
President Bola Tinubu has approved a one-year extension of the raw shea nut export ban and established a new national framework to boost local processing and value-added exports.
The Rural Electrification Agency and ECOWAS sign a $700,000 grant agreement to power 15 health and education facilities with solar energy in FCT, Niger, and Nasarawa states, aiming to combat energy poverty.
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The Nigerian stock market extended its bearish run on Wednesday, with the All-Share Index dropping 0.06% and investors losing N73.45 billion in market value. Trading activity improved despite the decline.
