Stock markets across Asia and Europe reached unprecedented levels on Wednesday as investor fears about artificial intelligence overvaluation subsided. Positive corporate earnings and a calming presentation from AI firm Anthropic boosted technology shares.
British luxury carmaker Aston Martin announces plans to slash up to 20% of its workforce, affecting 600 employees, after reporting widened annual losses linked to US tariffs and weak demand in China.
United Nigeria Airlines has prohibited the use and charging of power banks during flights, following NCAA regulations. Passengers must carry them in hand luggage only, with strict capacity limits.
The Nigerian Ports Authority announces 33 vessels, including 17 with containerised cargo, are scheduled to berth at Lagos ports from February 22 to 27, carrying fuel, food, and other goods to support supply chains.
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The Nigerian naira strengthened by N10 in the parallel foreign exchange market after the Central Bank reduced its benchmark interest rate by 50 basis points. Analysts provide insights on the monetary policy shift and its potential economic impacts.
The House Committee on Renewable Energy has ordered the Rural Electrification Agency MD to appear within 24 hours to account for N151 billion in government funds and international grants received between 2015 and 2024.
Bill Gates has publicly admitted to having affairs with two Russian women and apologized for his association with Jeffrey Epstein during a Gates Foundation town hall meeting.
Aliko Dangote and Abdul Samad Rabiu outperform other African billionaires with significant net worth increases, according to the Bloomberg Billionaires Index for 2026.
Nigeria's NNPC will begin exporting its new light, sweet Cawthorne crude oil grade in March 2026, aiming to boost production capacity and strengthen its position as Africa's leading crude exporter.
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The Lagos Chamber of Commerce and Industry has welcomed the Central Bank of Nigeria's decision to cut the Monetary Policy Rate by 50 basis points to 26.50%. While praising the move as positive for investor confidence, the chamber cautioned that structural
Ojaja Pan Africa Limited has fully redeemed ₦9.2 billion in commercial paper from Nigeria's debt market, demonstrating financial resilience amid high borrowing costs. The repayment, sourced internally, highlights strategic planning and investor confidence
The Central Bank of Nigeria withdraws $190 million to curb the naira's rapid appreciation, causing the currency to weaken as external reserves surpass $50 billion.
A Federal High Court in Nigeria has ruled that Oriental Energy must pay $43.51 million to billionaire Muhammadu Indimi's twin daughters over unpaid dividends, highlighting governance issues in family-owned businesses.
FCMB Group Plc shares are rising on the Nigerian Exchange, trading at ₦12.35, up from a 52-week low of ₦8.35, driven by investor confidence in its strategy and valuation upside.
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Sir Chijioke Nwachukwu, owner of LIV Restaurant in Lagos, has commissioned a modern chapel in Imo State and been appointed Deputy Coordinator of the 'Relax Tinubu is Fixing Nigeria' initiative, marking his rise as a socio-political figure.
Dangote Petroleum Refinery has secured an agreement with 12 major petroleum marketing companies to distribute up to 65 million litres of petrol daily across Nigeria, aiming to reduce fuel imports and stabilize prices.
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The Central Bank of Nigeria announces 20 out of 33 banks have met new capital requirements, raising N4.05 trillion with strong domestic investor participation ahead of March 31 deadline.
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.
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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%.
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.
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.
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.
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.
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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.
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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.
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.
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.
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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.
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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
