Nigeria maintained its position as the second-largest investment banking market in Sub-Saharan Africa in 2025, with fees rising to $97.9 million, despite declines in equity issuance and M&A deal value.
Nigeria's SEC has identified five unregistered platforms operating as Ponzi schemes, warning investors about unrealistic returns and urging verification before investing.
A passenger plane carrying 55 people crash-landed on a Somalia beach after a technical failure, with all occupants surviving the dramatic emergency evacuation.
The Central Bank of Nigeria has authorized Bureau De Change operators to purchase dollars directly from the official foreign exchange market with a weekly limit of $150,000 per operator to boost retail supply.
Businessman Isaac Fayose has fired back at Cubana Chiefpriest, claiming that in a normal country, he would be in jail due to untraceable wealth, escalating their feud over Igbo politics.
As gold approaches $5,000 per ounce, Nigerians face currency devaluation and inflation. This milestone highlights gold's role in preserving wealth against naira depreciation and economic instability.
The Port Harcourt Refinery rehabilitation has reached 90% completion and could resume operations within one week if NNPCL approves, according to PENGASSAN. Profitability concerns are delaying the restart despite technical readiness.
The Nigerian business community mourns the sudden passing of entrepreneur Lucky Elohor, founder of GROW network, who died at age 29. Family and friends share heartfelt tributes.
Africa's richest businessman Aliko Dangote visited Burundi's President to discuss expanding investments in cement, power generation, solid minerals and infrastructure development.
Corporate Affairs Commission announces free business name registration for 3,500 small enterprises nationwide, partnering with Google to enhance digital tools and boost formalization.
Moniepoint's latest report shows digital payments now account for 43% of fuel transactions in Nigeria, with 90.9% of petrol stations using POS terminals daily, highlighting a major shift from cash in the oil sector.
Dangote Petroleum Refinery reduces PMS gantry price from N799 to N774 per litre, strengthening competitiveness against imported fuel and potentially lowering retail costs nationwide.
The Nigerian naira appreciated to N1,351.02 per dollar at the official market, supported by increased dollar supply from foreign and domestic investors, signaling improved forex stability.
Corporate Affairs Commission reveals 248 fraudulent registrations, hands staff to ICPC, and criticizes banks for enabling non-compliant companies to operate, weakening Nigeria's anti-corruption framework.
President Trump's ambitious plan to build a 250-foot Independence Arch in Washington, DC, faces opposition from preservationists and aviation experts over historic sightline obstruction and flight safety concerns.
Osun State Governor Ademola Adeleke assures residents that ongoing tax reforms aim for fairness and revenue growth without imposing hardship, emphasizing support for SMEs and low-income earners.
Marine and Blue Economy Minister Adegboyega Oyetola presents N10.49 billion 2026 budget, warning inadequate funding hurts ports, waterways, and fisheries development in Nigeria.
Dangote Petroleum Refinery has identified individuals spreading claims that it imports petrol into Nigeria. The company plans legal action, clarifying it only imports intermediate feedstocks for refining.
Access Bank's planned acquisition of South Africa's Bidvest Bank has expired without completion due to unmet regulatory conditions, though the bank remains committed to African expansion.
The Federal Airports Authority of Nigeria has revised its proposed cargo port charge increase at Murtala Muhammed International Airport following consultations with licensed agents.
The German Language School has offered N1 million compensation to Oluwaseyifunmi, the University of Ibadan German graduate who resigned after 13 days, praising her professionalism and integrity.
Niger Delta activist Alex Ekerebenah calls for review of Tantita's pipeline surveillance contract, citing lack of community benefits and urging President Tinubu to prioritize transparency.
Nigeria's financial and telecom regulators have introduced new rules requiring immediate refunds for failed airtime and data purchases, with a central monitoring system to track compliance.
Malaysia introduces a digital platform enabling direct hiring of foreign workers, eliminating intermediaries to reduce costs and prevent exploitation.
Nigerian senators propose eliminating electricity subsidies to reduce fiscal pressure and fund the 2026 budget, potentially raising power costs for consumers nationwide.
Nigeria's federation account recorded over N35 trillion in inflows during 2025, marking a significant 29.63% increase from the previous year's N27 trillion, according to official figures released by the accountant-general.
Governor Dapo Abiodun emphasizes agriculture as the foundation for Ogun State's economic transformation, with OGSTEP and OGFIMS driving 28 projects to boost aquaculture, poultry, and food security.
Dangote Petroleum Refinery reduces Premium Motor Spirit price from N799.50 to N772.50 per litre, marking one of 2026's sharpest single adjustments amid competitive pressures.
Nigeria's foreign exchange market sees its widest gap in three years as political actors stockpile dollars ahead of 2027 elections, creating economic pressures.
CBN Governor Olayemi Cardoso warns that excess liquidity and 2027 election cycle spending could undermine Nigeria's recent economic stability gains if not carefully managed.