Food Inflation Drop Raises Farmer Income Concerns in Nigeria
Nigeria's food inflation fell sharply to 8.89% in January 2026, but CPPE warns prolonged price declines could threaten farmer incomes and rural stability.
Category : Business
Millionaire CEO and Family Killed in Colorado Plane Crash
Four victims, including a millionaire CEO, his son, nephew, and another CEO, died in a Colorado plane crash near Steamboat Springs. The NTSB and FAA are investigating the incident.
WBD Supports Netflix Deal, Reopens Paramount Talks
Warner Bros. Discovery reaffirms its Netflix merger agreement while temporarily reopening discussions with Paramount Global for a potential competing bid, urging shareholders to approve the Netflix deal.
Naira Hits Two-Year High as Dollar Crashes by N83
The Nigerian naira appreciated to N1,347.78 per dollar at the official market, its highest level in two years, with the dollar crashing by over N83 since January. The Central Bank's expected BDC guidelines and improved liquidity are driving the gains.
Peak Milk Ramadan Campaign: 'Journey to Iftar' Bus in Lagos
Peak Milk from FrieslandCampina WAMCO Nigeria Plc celebrates Ramadan with a nationwide campaign focused on sharing and nourishment. The highlight is a branded bus in Lagos offering fasting Muslims a memorable ride culminating in communal Iftar.
Three Crowns Milk Ramadan Campaign Promotes Healthy Nourishment
Three Crowns Milk from FrieslandCampina WAMCO Nigeria Plc has launched its 'Get Nourished This Treasured Month' campaign for Ramadan, focusing on healthy nutrition, community engagement, and family traditions through on-ground activities and digital story
Raheem Okoya: Not Just Spending Dad's Money, Says Billionaire's Son
Raheem Okoya, son of industrialist Razaq Okoya, refutes claims his lifestyle is funded solely by his father's fortune. He reveals his salary, music investors, and decade-long preparation for his executive role at Eleganza Industries.
Nigeria's Telecom Infrastructure Ready for Election Transmission - Telcos
ALTON Chairman Engr. Gbenga Adebayo states Nigeria has adequate telecom infrastructure for real-time electronic transmission of election results, countering Senate claims of inadequacy.
Rabiu Becomes Africa's Fourth Richest, Dangote Nears $32 Billion
Nigerian industrialist Abdulsamad Rabiu overtakes Egyptian magnate Naguib Sawiris to become Africa's fourth richest with $11.3 billion net worth, while Aliko Dangote approaches $32 billion, highlighting Nigeria's growing industrial influence.
Dangote Signs $400M Deal to Expand Refinery to 1.4M Barrels Daily
Dangote Group has signed a $400 million construction equipment agreement with China's XCMG to support the expansion of its refinery from 650,000 to 1.4 million barrels per day, with polypropylene and urea production also set to increase significantly.
Nigeria Commits Ships, Helicopters for Gulf of Guinea Task Force
Nigeria has committed to hosting the Combined Maritime Task Force headquarters for the Gulf of Guinea, pledging to provide offices, ships, helicopters, and personnel to enhance regional maritime security against piracy and trafficking.
CBN Joins ECOWAS to Fast-Track Eco Currency for 2027 Launch
The Central Bank of Nigeria collaborates with West African central banks to advance the Eco single currency project, targeting a 2027 launch with strict economic criteria for member nations.
Bitcoin 2026 Recovery: Macro Drivers, ETF Flows, Risks
Analysis of Bitcoin's potential recovery in 2026, examining Federal Reserve policy shifts, institutional ETF flows, global liquidity trends, and inflation risks shaping the crypto market outlook.
Cazcabel Tequila Enters Nigeria with Ruger as Ambassador
Premium Mexican tequila brand Cazcabel officially launches in Nigeria with Afrobeats sensation Ruger as brand ambassador. The partnership kicks off the 'True To My Vybe' campaign targeting young, upwardly mobile consumers.
Nigeria Food Inflation at 10-Year Low, Staple Prices Fall
Nigeria records its lowest food inflation rate in a decade at 8.89% in January 2026, driven by government policies and a stronger naira, leading to reduced prices for rice and other staples across markets.
17 Power Plants Shut Down, Nigeria's Grid at Critical Low
Nigeria's electricity generation plummeted to just 1,471MW after 17 power stations shut down, exposing severe structural weaknesses in the national grid and raising concerns about system management.
Cooking Gas Prices Crash to N1,080/kg in Nigeria
Retail cooking gas prices have dropped nationwide, with some outlets selling as low as N900/kg. Improved imports and depot supply have stabilized the market, with Nigeria now having 18 days of LPG sufficiency.
CBN New BDC Guidelines as Naira Appreciates in Black Market
The Central Bank of Nigeria is set to release new operational guidelines for Bureau De Change operators this week, coinciding with the naira's appreciation to N1,390 per dollar in the parallel market, narrowing the exchange rate gap significantly.
Wema Bank Launches 2026 Bankers-in-Training Program
Wema Bank has announced the opening of applications for its 2026 Bankers-in-Training (Sales) Program, offering young Nigerian graduates a structured career path in banking with training in Lagos, Ibadan, Abuja, and Port Harcourt.
TGI Group and Reliance Form FMCG Joint Venture in Nigeria
Nigerian conglomerate TGI Group partners with India's Reliance Consumer Products to create a joint venture aimed at delivering global quality FMCG products at affordable prices across West Africa.
FG Unveils Industrial Policy, N3tn BOI Recapitalisation Plan
The Federal Government has launched a comprehensive industrial policy aimed at reviving dormant factories and boosting domestic manufacturing. Key measures include a proposed N3 trillion recapitalisation of the Bank of Industry, tax harmonisation, and low
Ogun Rebrands Agriculture with ₦10M Grants for Youth
Ogun State under Governor Dapo Abiodun has revolutionized agriculture, attracting youth with modern training, infrastructure, and grants up to ₦10 million, shifting farming from a last resort to a profitable career choice.
Beta Glass Acquired by Helios Investment Partners
Frigoglass Group has finalized the sale of its Nigerian packaging holdings, including Beta Glass Plc, to Helios Investment Partners, marking a significant ownership transition for West Africa's leading glass manufacturer.
Passenger Brawl Forces Jet2 Flight Diversion to Brussels
A violent fight broke out among passengers on a Jet2 flight from Turkey to the UK, forcing the pilot to make an emergency landing in Brussels. The disruptive passengers were arrested and banned for life.
Dangote Cuts Diesel Price to N880, Below Importers' Rate
Dangote Petroleum Refinery has reduced its Automotive Gas Oil price to N880 per litre, marking a N30 drop. This move positions it below competing importers and aims to lower operational costs for Nigerian industries.
Landlord Stops Tenant's Solar Panels, Sparks Debate
A Nigerian landlord prevented a tenant from installing large solar panels on the roof, leading to a viral reaction from the installer and mixed public opinions on property damage and clean energy needs.
Nigeria Cuts Fuel Imports as Dangote Refinery Boosts Output
Nigeria's domestic refining capacity surged 57% in three months, reducing fuel imports significantly. The NMDPRA credits Dangote Refinery for driving output gains, though analysts warn sustainability depends on crude supply and policy consistency.
Dangote Refinery Takes 62% of Nigeria's Petrol Market
Dangote Refinery supplied 62% of Nigeria's petrol in January 2026, marking a historic shift from import dependence to domestic production dominance.
Nigerian Farmer Escapes Deadly Snake Bite on Farm
A Nigerian farmer, Paul Yaor, expressed profound gratitude to God after narrowly escaping a venomous snake bite while harvesting yams on his farm, attributing his survival to divine intervention.
Naira Rallies to N1,390 as Exchange Rate Gap Shrinks
The Nigerian naira appreciated significantly in the parallel market, reaching N1,390 per dollar with a 2.16% gain. The exchange rate gap between official and parallel markets narrowed to N35, marking improved economic transparency and reduced volatility.
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