Cooking gas prices have risen sharply across Nigeria, with a 12.5kg cylinder now costing between N22,500 and N25,000. Dealers blame supply shortages and high depot prices, threatening clean energy goals.
The naira strengthened in May, narrowing the gap between official and parallel markets. External reserves rose to $49.26 billion, boosting confidence, though oil price risks remain.
Alpha Morgan Bank recorded N1.9 billion profit before tax in its first 10 months, with customer deposits over N103 billion and zero non-performing loans.
Kogi State Government suspends Echane Festival in Ebiraland indefinitely due to security concerns, urging residents to maintain peace and comply with the directive.
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NBS report shows Lagos, Katsina top cooking gas prices in April 2026, while Anambra, Ogun record lowest. Prices surged 13.73% month-on-month.
Discover Lakowe Lakes Golf and Country Estate, a luxury escape 35 km from Lagos offering golf, wellness, family activities, and festive experiences.
Fifteen Chinese and nine Nigerians face court for illegal lithium mining in Nasarawa, the third high-profile case involving Chinese nationals in Nigeria in a month.
Alpha Morgan Bank records N1.9bn profit before tax in its first 10 months, with N160.4bn assets, N103.1bn deposits, and N13.1bn gross earnings.
AfDB report reveals Nigeria's power outages cost firms 3% of sales, with 70.7% relying on generators, urging government to improve electricity and public services.
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Ogun State achieves second place in the 2025 Phillips Consulting State Performance Index, highlighting infrastructure, industrial growth, and governance reforms under Governor Abiodun.
Peter Obi vows to increase Nigeria's electricity generation and distribution to 10,000MW within four years, highlighting power as crucial for economic growth.
The Central Bank of Nigeria has extended the compliance deadline for PoS geo-fencing to August 1, 2026, and increased the operational radius from 10 to 70 metres.
Millions in Northern Nigeria face blackouts as TCN shuts down critical transmission line for emergency maintenance, affecting five states and Niger Republic.
Peter Obi, NDC presidential candidate, vows to increase Nigeria's power generation from 4,000MW to 10,000MW by 2027, while Dele Farotimi defends his integrity against political attacks.
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Nigeria strengthens digital sovereignty through local data centres like Kasi, reducing reliance on foreign servers and enabling AI growth.
Nigeria suffers N13 trillion in flood damages from 2024-2025, with 33 states predicted to face severe flooding in 2026, prompting calls for urgent interventions.
Flutterwave promotes over 100 employees globally, launches cost-of-living adjustments and one-time economic relief payments amid rising living costs.
Employers call on FG to address transport, food, and housing costs before minimum wage negotiations, warning that unresolved issues could derail talks.
Cowry Asset Management projects Nigeria's Q2 GDP growth between 3.98% and 4.03%, driven by telecoms, agriculture, and services, despite risks like energy costs and insecurity.
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Finance Minister Taiwo Oyedele says Nigeria is transitioning from economic stabilisation to growth, citing moderating inflation and FX stability.
The Presidential Adviser on Power met with NISO management to find a permanent solution to frequent grid collapses that have plagued Nigeria's electricity sector.
OPay serves over 45 million users in Nigeria, expanding digital payments and creating jobs through agency banking and merchant services, supporting financial inclusion.
Nigerian capital market sees N60 trillion gain in five months, driven by strong earnings and liquidity. Analysts warn of possible correction amid rising political risks.
Trinity Towers, owned by RCCG, has received EDGE certification from IFC, marking a milestone for green building in Nigeria. The mixed-use development in Lagos includes commercial, leisure, and worship spaces.
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Construction costs have risen nearly 20% since December due to geopolitical tensions. Contractors now adopt phase-by-phase contracts to survive.
Experts at a housing summit in Abuja identified Nigeria's flawed housing financing system as a major obstacle to affordable homeownership, urging PPP models and regulatory reforms.
Dele Oye and NECA criticize Nigeria's energy reforms, citing N30.3 trillion NNPCL debt, high fuel costs, and unreliable power despite government claims of progress.
The African Development Bank warns that rising debt levels across Africa threaten economic stability, with Nigeria, Ghana, and South Africa at high risk.
Stakeholders urge stronger risk management in Nigeria's chemical engineering sector to boost GDP and reduce losses, emphasizing skills in oil, gas, manufacturing, and renewable energy.
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RusselSmith Nigeria Limited has changed its name to Arridex, reflecting its expansion beyond oil and gas into multi-sector industrial technology, and will commission West Africa's first additive manufacturing facility in Lagos.
