Lady Cries Over Rent Hike to ₦1.3m, Gets Quit Notice
A lady laments after her landlord increased her one-bedroom apartment rent to ₦1.3 million and served a quit notice when she refused to accept the hike.
Category : Business
Nigeria Cancels $717.7m World Bank Power Loan
Nigeria cancels $717.7m undisbursed World Bank loan for power sector reform, citing unmet conditions and economic shifts like naira devaluation.
Cooking Gas Prices Jump 13.73% in April 2026, NBS Says
The National Bureau of Statistics reports a 13.73% month-on-month rise in 5kg cooking gas prices to N8,706.93 in April 2026. Lagos, Nasarawa, and Bayelsa top the list of most expensive states.
MTN Nigeria Explains Poor Network Service Causes
MTN Nigeria cites congestion, rainfall, fibre cuts, and rising data demand as reasons for poor network service. Expanding capacity is delayed by equipment supply issues.
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Abia Unveils N306m Tech Grant for Businesses
Abia State launches N306 million NKATA tech grant to support businesses across 17 LGAs, promoting digital transformation and job creation.
Fintech CEO Slams Airline Over Handwritten Boarding Pass
Morris Monye, CEO of Mo Credits Limited, expressed outrage after receiving a handwritten boarding pass from United Nigeria Airlines, sparking debates on aviation standards.
Babcock Graduate Quits Bank Job to Sell Fabrics
A Babcock University graduate with a master's in finance resigned from First Bank after six months to sell fabrics, a decision her father questioned but she stands by.
SEDC Launches £500M Venture Capital to Curb Brain Drain
SEDC launches £500,000 venture capital for young entrepreneurs in Southeast Nigeria to boost startups, stem tech talent migration, and drive economic growth.
Naira Strengthens in Official and Black Markets
Nigeria's naira gains across official and black markets as FX reserves hit $48.98 billion and GDP grows 3.89%. The naira traded at ₦1,374.92/$1 officially and ₦1,390/$1 on the black market.
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Top 10 Most Valuable Banks in Nigeria by Market Cap 2026
Zenith Bank leads Nigeria's top 10 most valuable banks with N5.42 trillion market cap, followed by GTCO. Combined value of listed banks hits N24 trillion.
FG, World Bank Cancel $717.7m Power Loan
Nigeria and the World Bank have agreed to cancel $717.7 million in undisbursed funds under the Power Sector Recovery Operation due to tariff shortfalls and delays.
Fintech Boss Slams Airline Over Handwritten Tickets
Morris Monye, a Nigerian fintech boss, criticizes United Nigeria Airlines for issuing handwritten boarding passes to passengers on a Lagos-Anambra flight.
Lagos Delivers 10,623 Housing Units in Seven Years
Lagos State has delivered 10,623 housing units in seven years, targeting 14,000 by end of 2026 through direct and PPP initiatives to address housing deficit.
Petrol Landing Cost Crashes to N800 Per Litre
Fresh data shows petrol landing cost fell to N800 per litre due to lower crude prices, but pump prices remain above N900. Dangote Refinery challenges imports.
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Africa Aims to Make Intellectual Property an Economic Engine
Intellectual property experts from across Africa will meet in Nairobi to strategize on leveraging IP for trade, industrialization, and creative economy growth under the AfCFTA.
Eid: Dutse Residents Groan Over Soaring Ram Prices
Two days to Sallah, Dutse residents lament high ram and cow prices, with big-sized rams costing up to N700,000 and bulls up to N1.7 million.
Ferrari Unveils First Electric Car Luce Priced at $640k
Ferrari has unveiled its first fully electric car, the Luce, priced at $640,000. The luxury EV features four electric motors, over 1,000 horsepower, and a 500km range.
Airtime Lending Returns as FCCPC Suspends Regulations
Airtel and Glo restore emergency airtime lending after FCCPC suspends DEON Regulations 2025 following a court order. Millions of subscribers relieved as legal battle continues.
FG urged to curb imported vegetable oil influx for industry
Chief Okey Ikoro calls on FG to enforce fiscal policy against smuggled vegetable oil, urging Customs, NAFDAC, and SON to act.
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Jeroid Celebrates 9 Years of Growth and Innovation
Jeroid celebrates nine years of growth, innovation, and community impact, evolving from a small crypto venture into a leading digital finance platform in Nigeria.
Author decries barriers to youth career growth, entrepreneurship
Ismail Sogbade launches 'The Set-Piece Strategy' to help Nigerian youths overcome career uncertainty, business bottlenecks, and workplace challenges.
Smartcomply Group Enters UK Market with AI Compliance
Smartcomply, an African compliance and cybersecurity firm, launches in the UK with its AI-powered AML platform Adhere, targeting UK fintechs serving African corridors to reduce de-risking and high remittance costs.
Private Depots Cut Petrol Price Below Dangote Refinery
Private depots in Nigeria reduce petrol prices below Dangote Refinery's gantry rate as global crude oil prices fall, offering cheaper options for buyers.
Ghana Lifts Visa Requirement for African Nations, Introduces E-Visa
Ghana introduces visa-free travel for all African passport holders and launches a digital E-Visa platform to boost regional integration, trade, and tourism.
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Airtel, Glo Restart Airtime Loans as FCCPC Halts Regulations
Airtel and Glo have restarted airtime and data lending services after FCCPC suspended controversial regulations. Millions of Nigerians regain access to emergency credit.
Bank Subsidises Ram Sales for Eid, Residents Buy for N20,000
LOTUS Bank launches subsidised ram sales ahead of Eid-el-Kabir, with residents buying rams for N20,000 amid rising food inflation in Nigeria.
Chelsea Faces Massive Financial Loss After Missing UCL
Chelsea's failure to qualify for the UEFA Champions League will cost them over £100 million, impacting transfer plans and sponsorship deals.
Cooking Gas Prices Surge Across Major Nigerian Cities
Cooking gas prices in Nigeria have surged to N2,000 per kg in some areas amid supply shortages. Experts warn of threats to clean energy goals and food inflation.
Signature Bank 2025 Profit Hits ₦3.59 Billion
Signature Bank reports strong 2025 performance with profit after tax rising to ₦3.59bn, gross earnings up 94.5%, and improved cost-to-income ratio.
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CBN Injects N9.71 Trillion, Naira Gains N19.67 in April
The naira appreciated 1.42% in April 2026 as CBN issued N9.71 trillion in OMO bills to stabilize the FX market and curb inflation.
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