Nigeria-UAE Non-Oil Trade Reaches $5bn, Bank Opens in Lagos
Nigeria-UAE non-oil trade rose to $5 billion in 2025, with First Abu Dhabi Bank opening in Lagos and Etihad Airways set to begin Abuja flights, boosting economic ties.
Category : Business
Lady Rejects N6.5m Apartment Over Mold and Small Kitchen
A Nigerian woman shared her house-hunting ordeal after rejecting a N6.5 million apartment due to mold and a tiny kitchen, sparking online reactions.
NNPC crude oil sales surge 37% to 23.65m barrels in April
NNPC reports 37% rise in crude oil sales to 23.65m barrels in April 2026, driven by higher production and improved facility uptime, while gas sales dip slightly.
Dangote, NIPCO, Rainoil Hike Cooking Gas Prices to Over N2,000/kg
Major suppliers including Dangote Refinery raise LPG depot prices by over N100/kg, pushing retail costs to N2,000/kg. Experts urge government intervention.
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Nigeria Risks Losing Tech Wealth to Foreign Markets
A financial expert warns Nigeria may lose fintech wealth if firms like OPay list abroad, urging reforms to boost local capital market participation.
CBN Expands PoS Radius to 70 Metres, Extends Deadline
The Central Bank of Nigeria has expanded the operating radius for PoS terminals from 10 to 70 metres and extended the geo-fencing compliance deadline to August 1, 2026.
Cross River EV Training for 100 Youths
Cross River State Government announces free electric vehicle maintenance training for 100 youths starting June, under the Local Content VOSEP Initiative.
Payment Processors Threaten to Suspend Verve Card Transactions
A coalition of payment processors threatens to suspend Verve card transactions over alleged regulatory violations by Interswitch, demanding end to exclusive routing policies.
12 Cheapest Smartphones Under ₦200,000 in Nigeria
Discover 12 budget smartphones under ₦200,000 in Nigeria for 2026. Top picks include Tecno Spark 40 and Infinix Hot 50 with great features.
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Obi Promises 10,000MW Power in Four Years
Peter Obi, NDC presidential candidate, vows to boost Nigeria's electricity generation to 10,000MW within four years, criticizing current 4,000MW output.
Dangote Refinery Cuts Petrol Price to N1,250
Dangote Refinery reduces ex-depot petrol price to N1,250 per litre, a N25 drop from N1,275, as global crude oil prices decline. Marketers anticipate further reductions.
10 African Countries with Lowest IMF Debt in 2026
Discover the top 10 African nations with the lowest IMF debt in 2026, offering economic flexibility and growth opportunities.
POS Operators Threaten Nationwide Shutdown Over Exclusivity
The Association of Point of Sale Service Providers threatens to suspend services nationwide due to alleged monopolistic practices by two companies, urging CBN and FCCPC intervention.
Tinubu's Wife Donates N100m Grants to 2000 Ekiti Women
First Lady Oluremi Tinubu donates N100m empowerment grants to 2000 women in Ekiti State, urging support for Governor Oyebanji and President Tinubu's re-election.
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Solar Electricity Is Cheap and Reliable for Nigerians
Joseph Omotayo argues that solar energy is a cheaper, dependable alternative to Nigeria's unstable national grid, despite initial setup costs.
Engr. Alex Omaghomi: Engineering Africa’s Agro-Industrial Future
Engr. Alex Omaghomi, agro-industrialist and CEO of Zilex Holding, drives integrated value chains across Africa and the UK, spearheading a 5,000-hectare agro-industrial estate in Ondo State, Nigeria.
Nigerian Teen Innovator Targets Solar Panel Efficiency
A 19-year-old Nigerian entrepreneur, Adaeze Osakwe, has developed a renewable energy project to overcome solar panel efficiency limitations, seeking partnerships for prototyping.
What Crops Does Nigeria Grow? Full Agricultural Guide
Explore Nigeria's major crops including cassava, yam, cocoa, and rice. Learn about production regions, economic impact, and challenges in this detailed overview.
Dangote Refinery Cuts Petrol and Diesel Prices
Dangote Refinery reduces petrol price by N25 per litre and diesel by N100 per litre, offering relief to consumers amid fluctuating fuel costs.
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Who Pays for a Nigerian Wedding in 2026? A Guide
Discover who pays for a Nigerian wedding in 2026. From bride price to aso-ebi, learn the financial responsibilities of groom, bride, and families.
Kano starts SAR200 Hajj support distribution, warns officials
Kano State Pilgrims Welfare Board distributes 200 Saudi Riyals to each pilgrim for 2026 Hajj, warns officials against unauthorized deductions, urges transparency.
Why Tinubu Kept Subsidy Removal Plan Confidential
Vice President Kashim Shettima reveals President Tinubu deliberately kept fuel subsidy removal plan secret before inauguration to avoid market instability and policy backlash.
MTN Subscribers Await Airtime Advance Service Restoration
MTN Nigeria subscribers still waiting for Xtratime service restoration after FCCPC suspension, while Airtel and Globacom have resumed the service.
CBN Holds Rate at 26.5% Amid Inflation and Global Shocks
The CBN retained the MPR at 26.5% in May 2026, signaling caution as inflation edged up and global energy shocks persist. The decision aims to consolidate stability.
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Fuel Subsidy Removal Boosts Nigeria's Economy: AbdulRazaq
Kwara Governor AbdulRahman AbdulRazaq says fuel subsidy removal has strengthened Nigeria's economy, boosting revenue and enabling more investment in infrastructure and social services.
Fuel Subsidy Removal Strengthens Nigeria's Economy: Gov
Kwara Governor AbdulRahman AbdulRazaq says fuel subsidy removal has boosted Nigeria's economy, improving revenue and enabling more infrastructure investment.
Fuel Subsidy Removal Strengthens Nigeria's Economy
Kwara State Governor AbdulRahman AbdulRazaq says fuel subsidy removal has boosted Nigeria's economy, improving revenue and enabling more infrastructure investment.
Kwara Governor Calls for Minimum Wage Increase to N100,000
Kwara State Governor Abdulrahman Abdulrasaq appeals to President Tinubu to increase the national minimum wage from N70,000 to N100,000, noting that some states already pay that amount.
Rachel Moré-Oshodi: Building Africa’s Trusted Infrastructure Platform
Rachel Moré-Oshodi, CEO of ARM Harith Infrastructure Fund Managers, discusses her commitment to infrastructure, gender equality, and empowering women leaders in Nigeria.
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CBN Extends PoS Geo-Fencing Deadline to 2026
The Central Bank of Nigeria has extended the PoS geo-fencing enforcement deadline to August 1, 2026, and increased the allowable radius from 10m to 70m.
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