CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
Category : Business
Senate Moves to Shield Farmers from Price Collapse
The Nigerian Senate has urged the government to subsidise fertilisers and revive commodity boards to stabilise markets and protect farmers' livelihoods. Read the full story.
NDIC Begins Liquidation of Aso Savings, Union Homes
NDIC starts liquidation of Aso Savings & Union Homes after CBN licence revocation. Depositors to get up to N2m via BVN. Learn the process for claims and payments.
Nigeria Expands SIYB Training to Fight Unemployment
Nigeria's Labour Ministry and the ILO have certified over 25 new SIYB trainers to boost entrepreneurship and tackle unemployment, informality, and underemployment, especially among youth and women.
NDIC Pays Aso Savings, Union Homes Depositors After CBN Revocation
The NDIC has started reimbursing depositors of Aso Savings and Union Homes after the CBN revoked their licenses. Learn how to claim your insured funds up to ₦2m before the deadline.
Women-led Ogun housing project wins Africa sustainability award
Mowe Golf Town, a women-led residential project in Ogun State, has been named Green Sustainable Housing Project of the Year at the 7th Africa Housing Awards in Abuja. The award recognises its eco-friendly design and community impact.
Kushner's $880m Belgrade Hotel Plan Scrapped After Protests
A major hotel project in Belgrade linked to Jared Kushner has been abandoned. Serbia's President blames a 'witch hunt' and corruption allegations for scaring off the investors. Discover the full story.
Female CEO's Bold Steps in Nigeria's Real Estate
Imelda Usoro Olaoye, founder of Thinkmint Nigeria, discusses tackling housing demands with transparency, digital innovation, and community-focused projects. Discover her vision for growth.
Dr Awele Elumelu Named Chair of Transcorp Hotels Board
Transcorp Hotels appoints Dr Awele Elumelu as Board Chair effective 1 Jan 2026. Her healthcare and governance expertise will drive innovation and wellness in hospitality. Read more.
Adoption, Not Development, is Nigeria's Tech Hurdle
Tech experts at Abuja Tech Converge 3.0 identify poor adoption as the primary barrier to technological progress in Nigeria, citing agriculture as a key example. Read more.
SIAO Partners: Navigating Nigeria's Business Challenges
Discover how SIAO Partners, led by Abiodun Ariyibi, provides expert audit, tax, and advisory services to help Nigerian businesses achieve sustainable growth despite regulatory and economic hurdles.
State Airlines Cut Airfares, Offer Relief to Travellers
Nigerian travellers get relief as state-owned airlines like Ibom Air introduce lower fares, reducing costs on secondary routes from N350,000 to around N150,000. Discover how this impacts the economy.
Gas Shortage Causes Major Drop in Nigeria's Power Supply
Nigeria's national grid confirms a sharp drop in electricity supply nationwide due to gas constraints affecting generation companies. Learn the impact and historical context of the power crisis.
Dangote Debunks Trump Feud Rumours, Cites US Crude Supply
Aliko Dangote dismisses rumours of US President Trump's opposition to his refinery, revealing it buys 100 million barrels of crude annually from America. Get the full story.
High Rent in Sokoto Stops Men from Marrying, Ladies Lament
Skyrocketing house rents in Sokoto are forcing young men to postpone marriage, disrupting cultural norms. Single women cry out as affordable homes vanish. Read the full report.
Food Inflation Plunges to 11.08% as Prices Crash
Nigerians rejoice as food prices drop for five consecutive months. Inflation falls to 15.45%, with staples like rice and garri becoming more affordable. Read the full analysis.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
Shoeniverse Founder Crafts Dignity in Every Handmade Shoe
Olamide Olatomiwa Olajide built Shoeniverse Leathers from N30,000 to a N12m brand. Her journey redefines skilled labour in Nigeria. Discover how her handcrafted shoes tell a story of pride.
10 Dead in Mexico Plane Crash, 3 Children Among Victims
A private plane crash near Toluca Airport, Mexico, kills 10, including 3 children. The pilot reported engine failure before attempting an emergency landing on a football field. Read the full report.
China imposes 5-year anti-dumping duties on EU pork
China announces five-year anti-dumping duties on EU pork imports, effective Dec 17. Rates are 4.9% to 19.8%, lower than previous temporary tariffs. Read the full trade dispute analysis.
Federation Account Hits N23trn in 10 Months
Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.
Global Economic Losses from Disasters Down by a Third
Swiss Re reports a 33% drop in global economic losses from natural disasters to $220 billion in 2025, despite a record $40 billion LA wildfire. Insured losses fall 24%.
Female Real Estate CEO Solves Nigeria's Housing Issues
Imelda Usoro Olaoye, CEO of Thinkmint Nigeria, reveals her strategy for transparent real estate, digital innovation, and plans for European expansion to solve housing challenges.
Fuel Depot Prices Crash 14% After Dangote Rate Cut
Petrol prices at Lagos depots have plunged by 14% to N710 per litre following Dangote Refinery's aggressive price slash, sparking a rush by marketers. Discover the market realignment.
Bank of Japan Set for Major Rate Hike to 30-Year Peak
The Bank of Japan is expected to raise interest rates to their highest level since 1995, a move that could intensify debt market volatility and impact the weak yen. Read the full analysis.
Trump Tariffs Hit Canadian Snowplow Exporter Hard
Arctic Snowplows, a Canadian manufacturer, faces uncertain times as US tariffs add $500 to its products, driving away American customers. Discover the impact of the trade war.
EU to Scrap 2035 Combustion-Engine Car Ban
The EU is poised to abandon its 2035 ban on new petrol and diesel cars, replacing it with a 90% emission cut target. This major shift aims to support Europe's carmakers facing Chinese competition and slow EV adoption.
Asian Markets Retreat on US Jobs Data, Tech Worries
Asian markets extended losses Tuesday ahead of key US jobs data, with tech sector jitters and Fed rate cut uncertainty weighing on investor sentiment. Key indexes in Tokyo, Hong Kong, and Shanghai all fell over 1%. Read the full analysis.
Vietnam's Toxic Plastic Recycling Villages Exposed
In Vietnam's recycling villages, workers face severe health risks from toxic pollution while processing 1.8 million tonnes of plastic waste annually. Discover the hidden cost of the global waste trade.
West Bank's 'White Gold' Quarries Struggle Amid Economic Woes
Despite severe economic crisis and Israeli restrictions, Jerusalem stone quarries in the West Bank remain a vital lifeline, employing thousands and facing an uncertain future. Discover the resilience and challenges.
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