NNPC Slashes Petrol Price to N1,210, Second Cut in One Week
NNPC reduces petrol price from N1,260 to N1,210 per litre in Abuja, the second cut in a week, following Dangote Refinery's price reduction and falling global crude oil prices.
Category : Business
TCN Shuts Down Power Supply in 5 Nigerian States for Maintenance
Millions face electricity disruption as TCN shuts down supply in 5 northern states for planned maintenance at Kumbotso substation, affecting Kano, Katsina, Jigawa, Bauchi, Yobe, and Gazaoua in Niger Republic.
FG Plans Smartphone Factories in Nigeria to Cut Prices, Create Jobs
The NCC seeks federal incentives to attract investors for local smartphone production, aiming to lower device costs, create jobs, and boost digital inclusion in Nigeria.
Europe Heatwave Shatters Records with 40°C+ Temperatures
A record-breaking heatwave across Europe has pushed temperatures above 40°C, causing dozens of deaths, transport disruptions, and emergency measures from Germany to Italy.
Visa-Free Entry to UAE: Full List of Eligible Countries 2026
The UAE allows citizens of about 70 countries to enter without a visa. GCC nationals have visa-free access, while others can stay up to 90 or 30 days. Visa on arrival is available for seven countries under conditions.
Access Holdings Executive Director Bolaji Agbede Retires
Access Holdings Plc announces the retirement of Executive Director Bolaji Agbede, effective June 30, 2026, after over two decades of service, including a stint as Acting Group CEO.
CBN Launches Naira Ambassadors Club to Curb Currency Abuse
The CBN has launched the Naira Ambassadors Club to educate Nigerian youths on proper banknote handling, with Governor Cardoso emphasizing the naira as a symbol of national identity and sovereignty.
Germany Records Hottest Temperature Ever at 41.5°C
Germany recorded its highest temperature ever at 41.5°C in Drewitz as a heatwave moves east, triggering health alerts, travel disruption, and wildfires across Europe.
NFD, Ducor Launch Billhook Foods for Liberia Rice Value Chain
New Frontier Developments and Ducor sign a joint venture to establish Billhook Foods, investing $10 million initially to boost Liberia's rice value chain and improve food security.
MoreWealth.com Offers Financial Solutions for Bills
MoreWealth.com provides strategies to manage finances, pay bills, school fees, and medical expenses. Join a free Zoom meeting at 7 PM today to learn how.
Lafarge Africa Rebrands to HBM Nigeria Plc
Lafarge Africa Plc has officially changed its corporate identity and name to HBM Nigeria Plc, marking a new chapter in its transformation journey and reinforcing commitment to Nigeria's industrial growth.
Corn Seller Started with N1,500, Shares Daily Earnings
A corn seller who began her business with N1,500 reveals she earns between N10,000 and N15,000 per bag, selling up to four bags daily, and credits the coronavirus pandemic for leading her into the trade.
Access Bank Launches AutoFest to Ease Car Ownership
Access Bank's AutoFest scheme covers up to 90% of vehicle costs with 10% equity, targeting Nigeria's soaring car prices and low new-car sales.
Jigawa Vulnerable Households Get Renewed Hope Grant
Over 2,000 vulnerable households in Jigawa State received N50,000 each from the Renewed Hope Grant, a federal social intervention program aimed at poverty alleviation.
Elon Musk Loses Trillionaire Status as Net Worth Drops
Elon Musk's net worth fell below $1 trillion, losing his trillionaire status after a 30% drop in Tesla shares and a court ruling blocking his $56 billion pay package.
CAP Plc appoints executive director, company secretary
CAP Plc announces the appointment of a new executive director and a company secretary, effective immediately, to strengthen its management team.
Jaiz Bank Regulatory Penalties Surge to N530.9 Million
Jaiz Bank's regulatory penalties surged to N530.9 million in 2025, a 1,220% increase from N40.2 million in 2024, driven by new CBN sanctions.
Jigawa Council Approves ₦2.4 Billion for Agriculture, Education
Jigawa State Executive Council approved over ₦2.4 billion for greenhouses, compensation for urban renewal, and student welfare, including uniforms for 23,800 girls.
NCDMB to launch oil and gas trainers certification
The Nigerian Content Development and Monitoring Board (NCDMB) will launch a certification programme for oil and gas trainers to enhance local skills and industry standards.
SME Growth Requires More Than Capital, Says Expert
Access to capital alone is insufficient for SME growth; factors like infrastructure, policy, and skills are critical, according to George Ogbonnaya.
Soaring Gas Prices Force Nigerians to Buy Small Quantities
Despite rising costs, millions of Nigerians still rely on cooking gas. Many now buy small quantities or switch to charcoal as prices surge due to supply deficits and currency issues.
Nigeria unveils world-class mineral province in Kaduna
Nigeria announced a world-class polymetallic mineral province in Kaduna with platinum, gold, lithium, and rare earths, verified by NGSA. Revenue from mining rose to N70 billion in 2025.
Nigeria's Petrol Price Hits ₦1,596 per Litre in May: NBS
Nigeria's average petrol price rose to ₦1,596 per litre in May 2025, a 6.5% increase from April, according to the National Bureau of Statistics.
Lafarge Changes Name to HBM Nigeria Plc
Lafarge Africa Plc rebrands to HBM Nigeria Plc, unveiling a new corporate identity to align with its global parent company's strategy. The change reflects a unified vision.
Oil Price Volatility Shapes Nigeria's Economic Outlook
Oil price volatility remains a key driver of Nigeria's economic performance, affecting fiscal revenue, foreign reserves, and growth prospects, according to recent analyses.
Supreme Court to Launch E-Filing and Digital Case Management
The Supreme Court of Nigeria will unveil an electronic filing system and digital case management platform on 1 July, announced Chief Registrar Kabir Akanbi, aiming to modernize justice administration.
Zenith Bank Opens New Branch in Osubi, Delta State
Zenith Bank has opened a new branch in Osubi, Delta State, expanding its network to better serve customers and support economic growth in the region.
CBN Freezes Accounts of Six Terrorism Financing Suspects
The Central Bank of Nigeria has ordered banks to freeze accounts linked to six individuals and companies suspected of financing terrorism, following a court order.
Extreme heat drains 4-8% of city GDP, costs women $57bn yearly
Extreme heat drains up to 8% of city GDP and costs informal sector women $57 billion annually, with impacts set to triple by 2050, a new HERA report warns.
Akwa Ibom oil communities demand gas flaring accountability
Oil-producing communities in Onna LGA, Akwa Ibom, demand stronger accountability from oil companies on gas flaring and PIA implementation, citing environmental and health impacts.
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