The ongoing US-Israel conflict with Iran is causing severe economic disruption worldwide, driving up energy prices and threatening food shortages in vulnerable nations. The closure of the Strait of Hormuz exacerbates the crisis, with countries like India
Nigerian industrialist Abdulsamad Rabiu recorded the largest wealth increase among African billionaires, with his net worth soaring by $6.1 billion to $11.2 billion, moving him to third place on the continent's rich list.
Italy has released strict customs rules for 2026, banning meat, dairy, counterfeit goods, and other items. Travellers must declare cash over €10,000 and follow duty-free limits to avoid fines.
Dangote Petroleum Refinery has announced a significant reduction in petrol and diesel prices, lowering petrol by N100 per litre and diesel by N190 per litre, offering potential relief to consumers and marketers.
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Africa recorded the highest aviation accident rate worldwide in 2025, with turboprop aircraft and runway infrastructure cited as major safety concerns in the IATA report.
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Dangote Petroleum Refinery reduces petrol to ₦1,075 per litre and diesel to ₦1,430 per litre following global crude oil price decline, offering potential relief to Nigerian consumers.
Nigeria's banking sector nears recapitalisation goals as 30 banks meet CBN's new capital requirements, with 33 raising funds via rights issues and IPOs to strengthen stability and support economic growth.
The Nigerian National Petroleum Company (NNPC) has implemented a significant petrol price hike, raising rates by N180 in Lagos and other states. This marks the fourth increase in one week, with Dangote Refinery citing global market volatility as the prima
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Bournvita launches major 2026 Ramadan initiative, distributing free beverages at 159 mosques and activating markets across 49 locations to support Muslim families during the holy month.
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President Bola Tinubu asserts Nigeria's economy has turned a corner, with state governors no longer needing bank loans to pay salaries. He made the remarks at an interfaith breaking of fast event in Abuja.
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Global crude oil prices have declined to $83 per barrel after recent spikes, raising questions about potential reductions in Nigeria's petrol prices following recent hikes.
Nigeria's naira weakens to N1,405.62 per dollar at official market despite increased FX inflows and rising external reserves. Parallel market gap narrows to N15, signaling potential convergence.
Nigeria's currency weakened to N1,405.62 per dollar at the official market despite increased foreign exchange inflows and rising external reserves. The parallel market gap narrowed significantly, signaling potential convergence.
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First Bank of Nigeria faces widespread criticism after accounts reveal it had outgoing non-core staff train their replacements before locking them out and sending dismissal texts.
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Dangote Refinery's MD reveals that fees from 47 government agencies contribute to rising petrol prices, urging priority crude access for local refineries amid global supply disruptions.
Dangote Petroleum Refinery CEO David Bird explains that petrol prices may not drop even with full refinery operation due to global oil market volatility and supply chain costs. Nigerian crude accounts for 30-35% of feedstock.
The Nigerian naira has depreciated in the official market, hitting its lowest level in two months due to rising dollar demand from Middle East tensions. The Central Bank of Nigeria released new exchange rates as the currency weakened further.
FCMB Group has successfully completed a capital raise program, securing N242.8 billion to meet the Central Bank of Nigeria's N500 billion minimum capital requirement for an international banking license.
Global oil prices dropped sharply after Donald Trump suggested the Iran conflict could end soon, easing supply fears. This may lead to petrol price cuts in Nigeria from Dangote Refinery and other suppliers as crude prices decline significantly.
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Nigerian petrol prices surge dramatically as depot owners announce fresh rates following Dangote Refinery's adjustments amid global crude oil price volatility triggered by Middle East tensions.
The Nigerian Navy successfully intercepted a sea robbery attempt, rescuing 16 passengers held hostage along the Ibaka-Calabar maritime corridor in a swift security operation based on credible intelligence.
A Lagos resident has detailed his monthly expenses for using the state's train service, prompting widespread discussion online about transportation affordability and urban living costs.
A Nigerian man relocated abroad and left N5,000 in his local bank account, only to discover it had dwindled to N500 later, sparking debate on banking fees and practices in Nigeria compared to the UK.
Forbes reports Africa's 23 billionaires increased combined wealth by $20bn to $126.7bn. Aliko Dangote retains top spot with $28.5bn fortune as Nigerian entrepreneurs show strong gains.
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Women in Kano State have launched Mata Zalla, a female-only tricycle transport service offering lower fares, enhanced safety, and employment opportunities for women drivers in the conservative region.
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BBA Motors has inaugurated its flagship showroom in Lagos, marking the Nigerian debut of the Zeekr 9X luxury SUV with the first nationwide vehicle delivery. The event featured high-profile attendees and highlighted the company's expansion in the automotiv
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Dangote Refinery has increased petrol prices to ₦1,175 per litre, marking the third hike in seven days due to global oil price surges and geopolitical tensions affecting Nigeria's energy market.
The UAE has officially declared the 2026 Eid Al-Fitr holiday dates for both public and private sector employees, with the duration contingent on the length of Ramadan. Astronomers predict a 30-day Ramadan, potentially extending the private sector break.
Women in Nigeria's capital are transforming personal vehicles into informal 'kabu-kabu' taxis to combat rising living costs and fuel prices, creating affordable transport alternatives.
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Quest Merchant Bank has successfully met the N50 billion minimum capital requirement set by the Central Bank of Nigeria, marking a significant milestone after its exit from First HoldCo. The bank is now positioned to finance large-scale projects across ke
