IMF: Nigeria's Economy to Grow Faster by 2026
The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.
Category : Business
China's Population Falls, Birth Rate at Record Low
China's population has decreased for the second consecutive year, with the birth rate reaching an all-time low, raising concerns about long-term economic and social impacts.
GTBank Sets New Rate as Naira Falls Against Dollar
The Nigerian naira weakened in the official forex market on Monday due to high demand and limited supply, while GTBank adjusted its exchange rate for international payments.
NCC Targets 233M Unconnected Nigerians with Satellite Internet
The Nigerian Communications Commission plans to deploy satellite internet technology to mobile phones, aiming to bridge the digital divide for millions of unconnected citizens.
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Starlink's Nigeria Dominance Threatened by New NCC Licenses
The Nigerian Communications Commission has issued new licenses to Amazon and European satellite operators, challenging Starlink's market dominance in Nigeria's internet sector.
Banks Start VAT Deduction on Card Fees and Electronic Charges
Nigerian banks have commenced deducting 7.5% VAT on card maintenance fees and selected electronic banking charges following NRS directive, with deposits and transfers remaining exempt.
33 Ships with Petrol, Diesel Arrive at Lagos Ports - NPA
The Nigerian Ports Authority has announced the arrival of 33 ships carrying petrol and diesel at Lagos ports, boosting fuel supply and economic activity.
Nigerian Teacher Quits Job to Sell Suya in London
A Nigerian man has abandoned his teaching career in the UK to launch a suya business in London, citing financial and personal reasons for this bold career shift.
NNPC Struggles to Match Dangote Refinery's Petrol Pricing
The Nigerian National Petroleum Company faces challenges in aligning petrol prices with partners as Dangote Refinery offers competitive rates, impacting Nigeria's energy sector and economy.
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NAHCON Concludes Second Pre-Hajj 2026 Visit to Saudi
The National Hajj Commission of Nigeria has successfully concluded its second pre-Hajj visit to Saudi Arabia, focusing on preparations for the 2026 pilgrimage.
Nigerian Billionaire Loses Senegal Oil Licence After 18 Years
A Nigerian billionaire has lost an oil exploration licence in Senegal after holding it for 18 years, with reasons emerging related to regulatory and operational issues.
Nigeria's 30-Day Tax Law Puts Nigerians on Clock
The Nigerian government enforces a new law requiring tax payments within 30 days, aiming to boost revenue and curb evasion. This move impacts individuals and businesses nationwide.
Nigerians Fear Higher Bank Costs After VAT Transfer Stop
The suspension of VAT transfers to the Nigerian Revenue Service has sparked fears among citizens about possible increases in bank charges and service fees.
7 Nigerian Banks Face Licence Downgrades in CBN Recapitalisation
The Central Bank of Nigeria's recapitalisation drive puts seven banks at risk of licence downgrades as they struggle to meet the new capital requirements by the fast-approaching deadline.
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FG Raises N900bn via DMO's High-Yield FGN Bonds
The Federal Government of Nigeria has successfully raised N900 billion through the Debt Management Office's offering of high-yield FGN bonds to investors, aimed at funding infrastructure and economic projects.
Nigerian in US Gets $20 Credit from Verizon for Network Issue
A Nigerian man in the US military shared how Verizon credited him $20 after an 8-hour network outage, sparking comparisons with Nigerian telecom services.
Nigerian Brewers Earn N1.54 Trillion in 9 Months
Nigeria's top three listed brewers recorded combined revenue exceeding N1.54 trillion in the first nine months of 2025, demonstrating remarkable sector resilience despite economic pressures.
FG: Lagos Gold Refinery is Private, Not Government Project
The Federal Government clarifies that Nigeria's first gold refinery in Lagos is a private-sector initiative by Kian Smith, dismissing Northern Elders Forum's claims of regional bias as misleading.
Dangote's $350M Refinery Deal to Make Nigeria Fuel Exporter
Dangote Group's $350 million expansion of its Lekki refinery to 1.4 million barrels daily aims to end Nigeria's fuel imports and position it as a net exporter in West Africa.
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Oxfam: Billionaires hit 3,000, control $3.5 trillion
Oxfam report reveals a record 3,000 billionaires in 2025, controlling over $3.5 trillion, as economic inequality surges. See the impact on Nigeria and democracy.
Scrub Daddy: Shark Tank Sponge Now $1.3B Empire
Scrub Daddy's journey from a Shark Tank pitch to a $1.3 billion cleaning empire. Discover how Aaron Krause and Lori Greiner turned a smiling sponge into a global brand with over 160 products.
NNPC Rejects Bullying Claims Over Omotowa's Exit
NNPC Ltd and industry analysts dismiss reports linking Engr. Seyi Omotowa's resignation to internal bullying, calling it a routine corporate transition. Read the full details.
Banks Charge 60% on Loans, Pay 2.7% on Savings
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Musk Hits $780bn, Four Nigerians on Forbes Billionaires List
Elon Musk's net worth soars to $780bn after xAI's valuation surge. Meanwhile, four Nigerian billionaires, led by Aliko Dangote, feature prominently on Forbes' Africa list, highlighting the continent's growing economic influence.
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Shark Tank's Biggest Successes: Bombas Hits $2 Billion
Discover the 10 most successful Shark Tank products ranked by real revenue. From Bombas' $2 billion empire to Scrub Daddy's cleaning revolution, see which pitches became business giants.
Bad Loans Rise in Nigerian Banks Despite Increased Lending
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
Major Power Outage Hits Parts of Ibadan
IBEDC announces power outage across multiple Ibadan areas due to a major transformer fault. Businesses, media stations, and residential communities affected. Technical team working on restoration.
Numilk's Shark Tank Success: From Pitch to $70M Valuation
Discover how Numilk secured a $2 million deal from Mark Cuban on Shark Tank, revolutionizing plant-based milk. The company now boasts a $70M valuation and over $55M in sales. Read the full update.
How Dude Wipes Shark Tank Pitch Became $220M Brand
Dude Wipes turned a Shark Tank pitch into a hygiene empire. See how Mark Cuban's $300k investment led to $220M sales and disrupted the $11B toilet paper market.
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Aura Bora's Growth After Shark Tank: $10M Funding, Expansion
Discover what happened to Aura Bora after Shark Tank. The botanical sparkling water brand secured Robert Herjavec's investment, expanded to Walmart & Target, and raised over $10 million. Full story inside.
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