NNPC, Depots Slash Petrol Prices After Dangote's Move
Nigerians get relief as petrol prices drop nationwide. NNPC and private depots cut rates after Dangote Refinery's pledge to supply 50 million litres daily, sparking intense market competition.
Category : Business
CrediCorp's New Credit Scheme for Smartphones, Laptops
CrediCorp launches a digital device credit programme to help over 15,000 Nigerians afford smartphones and laptops. Apply now to boost your productivity and join the digital economy.
CBN Sets 72-Hour Deadline for Banks to Refund Fraud
The Central Bank of Nigeria issues strict new rules forcing banks to refund fraud victims within 16 days. Learn how this impacts you and the fight against financial crime.
Airbus cuts 2025 delivery forecast over A320 panel quality issue
Airbus reduces its 2025 aircraft delivery target from 820 to 790 due to a supplier quality issue on A320 fuselage panels. The company says up to 628 jets may need inspection.
REVOO Electric Motorcycles Launch in Nigeria
Transsion's REVOO brand launches 4 electric motorcycle models in Lagos, promising lower costs and eco-friendly rides. Discover the A11, A12, C32 & E52 specs.
EU to Ban All Russian Gas Imports by Autumn 2027
The European Union has agreed to ban all Russian gas imports by 2027, aiming to cut off funds for Moscow's war. Discover the timeline and implications for energy security.
Spain's Pork Industry on Alert Over Swine Fever Outbreak
African Swine Fever detected in Spanish wild boars, causing major trade disruptions. Nigeria's importers should monitor the situation closely for potential market impacts.
Indian rupee hits record low past 90 per dollar
India's rupee falls to a historic low beyond 90 against the US dollar, driven by foreign outflows and stalled US trade talks. Analysts see a new market-aligned approach from the central bank. Read more for the full analysis.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
Contractors Protest N760bn Debt, Disrupt Ministry
Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.
Nigeria's Telecom GDP Contribution Hits 9.1% in Q3
Nigeria's telecom sector demonstrates resilience, contributing 9.1% to GDP in Q3 2025. Driven by mobile data demand and 5G rollout, the industry remains a key non-oil pillar. Discover the full economic impact.
Food Bank Targets 40m Nigerians in Hunger Intervention
MATAN Food Bank launches an automated digital initiative to provide direct food access for over 40 million Nigerians, backed by the House of Representatives. Read how this plan tackles the nation's food crisis.
Africa's Private Wealth Exodus Threatens Development
Experts in Lagos warn that Africa's development is stunted by massive private wealth flowing offshore. Building local Family Offices is key to keeping capital at home. Read more.
OPay Clinches SERAS 2025 Social Impact Award
OPay wins the prestigious SERAS 2025 Award for Social Impact. Discover how its ₦1.2B scholarship and empowerment programs are transforming lives across Nigeria.
IXPN Links Digital Economy to Local Internet Traffic
IXPN's MD, Muhammed Rudman, says localising internet traffic is vital for Nigeria's digital economy, boosting speed, security, and saving millions. Learn why this is a national imperative.
Asian Markets Up Ahead of US Jobs, Inflation Data
Most Asian markets gained Wednesday, tracking Wall Street, as investors await crucial US jobs and inflation data that will shape the Federal Reserve's rate decision next week. Read more.
Edo Land Revocation Sparks Investor Nightmare
The alleged revocation of Presco Plc's C of O by the Edo State government risks billions in agro-investments and 15,000+ jobs. Will political moves derail the state's economic growth? Read more.
Why Rare Earth Metals Are Crucial for Tech and Energy
Discover how 'rare earth' metals from China power everything from smartphones to fighter jets. As the EU plans to boost production, learn why these elements are a global strategic chip.
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK Group GETI Praises NUPRC's $10bn Licensing Round
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
San Francisco sues food giants over ultra-processed products
San Francisco files a landmark lawsuit against major food producers like Kellogg and Nestle, alleging they knowingly caused a public health crisis. Read the full details.
Keyamo Apologises for Nigeria Airshow, Promises Better Future
Aviation Minister Festus Keyamo apologised for the poor outcome of the maiden Nigeria International Airshow but pledged significant improvements for future editions. Read his full vision for Nigeria's aviation future.
Man Finds Tree He Planted in School 15 Years Ago
A Nigerian man revisits his Lagos secondary school to find the tree he planted 15 years ago standing tall. His heartwarming story inspires many online. Read more.
Trump Eyes Economic Adviser Hassett for Fed Chair Role
President Donald Trump suggests Kevin Hassett could be his pick for Federal Reserve Chairman. Get the full details on this potential nomination and its implications.
NIEE Sounds Alarm on Lagos Environmental Vulnerabilities
Environmental engineers warn Lagos faces severe risks from flooding and pollution. Experts call for urgent action to harness the blue economy for a sustainable future. Read the full report.
FCMB AgriTech Hackathon 2025 crowns Qiqi Farms winner
First City Monument Bank (FCMB), FMO, and HeaveVentures conclude the AgriTech Hackathon 2025, awarding Qiqi Farms as the grand winner. Discover how this initiative boosts Nigeria's agricultural innovation.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
Akwa Ibom Opens 32-Day Christmas Unplugged Festival
Governor Umo Eno flags off the 32-day Christmas Unplugged 3.0 festival in Uyo, highlighting tourism as a key economic pillar for Akwa Ibom State. Explore the cultural showcase!
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