Private depot operators in Nigeria have adjusted petrol prices to an average of N789 per litre, aiming to compete with Dangote Refinery's N774 rate. This move intensifies market competition, offering potential short-term price stability for consumers amid
Lagos residents face a severe housing crisis as rents consume 50-70% of income, forcing many to relocate or struggle with basic needs. Calls for government intervention and reforms grow louder.
The Nigerian naira depreciated by N17 against the US dollar as the Central Bank intervened to narrow the gap between official and parallel market exchange rates. Nigeria's external reserves surpass $50 billion, the highest level in 13 years.
A military cargo plane transporting newly printed Bolivian currency crashed near La Paz, killing 20 and scattering banknotes that triggered a chaotic scramble by crowds despite security efforts.
Airspace across the Middle East has been closed and international flights thrown into chaos following coordinated military strikes by the United States and Israel on Iran. Multiple countries have imposed full or partial closures, leading to widespread fli
A Bolivian military cargo plane transporting a large sum of money crashed near La Paz, killing at least 20 people. Authorities warn the cash has no legal value, and police arrested 12 for looting.
Eko Electricity Distribution Company instructs corporate and maximum demand customers to provide tax identification details by February 28, 2026, to comply with Nigeria Tax Act 2025, with non-compliance risking invalid invoices and service suspension.
Nigeria faces nationwide blackouts as gas supply to thermal plants drops below 43% of requirement, forcing load shedding and reducing electricity generation to 4,300MW, far below peak demand.
Environmental organizations demand President Tinubu and the National Assembly review Executive Order 9, arguing gas flaring penalties should fund Niger Delta remediation, not government revenue.
NMDPRA data reveals Nigeria's modular refineries supplied an average of 2.37% of diesel demand from November 2025 to January 2026, overshadowed by Dangote Refinery and imports. CORAN calls for improved crude access and funding to boost domestic refining c
Governor Dapo Abiodun announces cargo operations will start at Gateway International Airport within 30-45 days, with the first cargo aircraft from Europe landing. The development is part of the Industrial Platform, Remo Free Trade Zone project.
The Nigeria Deposit Insurance Corporation has detailed how much customers receive when banks collapse, with maximum payouts of N5 million for commercial banks and N2 million for microfinance institutions.
The Federal Airports Authority of Nigeria (FAAN) has declared a full cashless and contactless payment system across all airport payment points nationwide, effective March 1, 2026.
The Traders Fair 2026 is set to take place in Lagos, bringing together Nigeria's retail trading and fintech community for innovation, market intelligence, and collaboration in April 2026.
A new Redfin analysis reveals a 44% gap between home sellers and buyers in the US, marking the second-widest imbalance since 2013 and creating a buyer-friendly market nationwide.
The National Bureau of Statistics reveals a 23.25% year-on-year decrease in cooking gas prices for January 2026, with Jigawa, Abia, and Akwa Ibom as the most expensive states, while Bayelsa, Sokoto, and Katsina offer the cheapest rates.
The Abuja Electricity Distribution Company announces ambitious plan to cut blackouts and deliver near-24-hour electricity to FCT, Niger, Kogi, and Nasarawa states through new gas plant and infrastructure upgrades.
Nigeria's electricity supply faces severe strain as gas shortages drop below 43% of requirements, forcing the Independent System Operator to implement load shedding nationwide.
The National Bureau of Statistics reveals diesel prices fell 9.32% year-on-year in January 2026, with Lagos, Akwa Ibom, and Borno recording the highest costs while Kogi, Ogun, and Zamfara had the lowest.
Lebara, backed by UK diplomatic efforts, has officially entered Nigeria's competitive telecom sector, unveiling its 0724 number series and aiming to connect diaspora and domestic users through innovative services and partnerships.
Finance Minister Wale Edun announced that nine million of Nigeria's poorest households have received direct cash transfers, with over 12 million Nigerians enrolled through digital ID integration.
The Joint Revenue Board reassures Nigerians that obtaining a Tax ID will not lead to automatic bank deductions, as the new portal receives positive feedback despite initial panic over tax reforms.
Cement prices have skyrocketed above N10,000 per bag in Nigeria, with major brands like Dangote and BUA increasing costs due to production and logistics. Dealers report new rates up to N11,500, impacting construction and housing projects nationwide.
Nigerian entrepreneurs can apply for the SIA Startup Foundry's third cohort, offering $10,000 grants, business bootcamps, mentorship, and investor exposure. Applications close March 13, 2026.
Traders at Onitsha Main Market have urged Governor Charles Soludo to consider building extension markets instead of demolishing 10,000 shops, warning of increased insecurity and economic harm.
Lagos State's Bus Rapid Transport fare increase has led to rising transportation costs and commuter frustration over declining service quality and safety concerns across major routes.
A comprehensive overview of plane crash compensation, covering liability, calculation methods, and legal complexities for victims and families seeking justice after aviation disasters.
The U.S. dollar retreated to its lowest level in a week as geopolitical risks and renewed trade tensions weighed on investor sentiment. Currency markets brace for volatility amid Supreme Court rulings and diplomatic talks.
The Nigerian equities market sustained its bearish momentum for the second consecutive session, wiping N514 billion off investors' wealth. The All-Share Index fell 0.41% as profit-taking hit banking, consumer goods, and oil and gas stocks.
Telecom giant Globacom partners with Samsung to launch the Galaxy S26 series in Nigeria, offering exclusive pre-order benefits including free data bundles and Platinum eSIM numbers to customers.