Saudi Arabia Announces Eid Holiday for Private Sector
Saudi Arabia's Ministry of Human Resources confirms a four-day Eid Al-Fitr holiday for private and non-profit sector employees, starting March 18, 2026, in line with labor law provisions.
Category : Business
Naira Falls Against Dollar Despite CBN Intervention (08.03.2026)
The Nigerian naira continues to depreciate against major currencies including the US dollar, British pound, and euro at both official and parallel markets, despite Central Bank interventions.
3-Day Power Outage in Lagos for Network Upgrades
The Eko Electricity Distribution Company has scheduled a three-day electricity outage in Lekki and Apapa areas of Lagos for essential network maintenance and upgrades to improve service reliability.
Lagos Power Outage: EKEDC Announces 3-Day Maintenance
Eko Electricity Distribution Company has scheduled a planned power outage in Lagos from March 14, 2026, affecting communities like Lekki and Apapa for essential network upgrades.
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NPA Boss on Deliberate Women Appointments for IWD 2026
Nigerian Ports Authority Managing Director Dr. Abubakar Dantsoho details the agency's intentional strategy to appoint women to 60% of key aide positions, highlighting their growing impact in maritime operations and commitment to gender equality.
Three Nigerian Banks Miss CBN Capital Requirement as Deadline Looms
As the March 31, 2026 deadline approaches, three Nigerian banks have not met the CBN's new capital requirements, while 30 others have successfully strengthened their capital base to enhance financial stability.
CBN Opens N50bn Agricultural Credit Guarantee Scheme for Farmers
The Central Bank of Nigeria has launched the Agricultural Credit Guarantee Scheme Fund, offering loans up to N50 million with a 75% government guarantee to boost agricultural production and food security.
Lawyer Refuses to Buy Fuel at N1,250, Chooses Natural Ventilation
A Nigerian barrister refused to purchase petrol after discovering the price had surged to N1,250 per litre, opting instead for natural ventilation at home. This comes as Dangote Refinery and NNPC implement fresh price hikes across the country's fuel marke
CBN Orders Banks to Undergo Stress Tests as Deadline Looms
The Central Bank of Nigeria mandates commercial banks to conduct financial stress tests starting April 1, 2026, with insider loans treated as defaults to ensure transparency and stability.
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Shoprite's Final Nigerian Outlet Closes After 20 Years
Shoprite has completed its shutdown across Nigeria after nearly two decades, creating a ₦1.4 trillion economic void and impacting thousands of jobs and businesses nationwide.
Influencer Refuses Economy Class Amid Iran War Flight Chaos
Aviation influencer Daniel Goz faces backlash after claiming he was stranded in Asia due to Middle East conflict, while admitting he refused available economy seats on flights from Singapore to Europe.
Carat Nigeria Women Trailblazers Redefine Media Leadership
Fidelia Igwe and her team at Carat Nigeria are leading the charge in media innovation, driving award-winning campaigns and inspiring future generations in the industry.
Jerry Eze Foundation Opens $300,000 Business Grant Applications
The Jerry Eze Foundation has launched its Business Grant Program, offering up to $300,000 in funding, mentorship, and business development support to eligible entrepreneurs and small business owners.
Lagos Vendor Spends N100k on Fuel in 5-Day Blackout
A Lagos food vendor named Peace has spent N100,000 on fuel after receiving less than two hours of electricity in five days, calling on the state government to address the power crisis.
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Petrol Prices Soar Above N1,000 as NNPC, MRS Adjust Rates
Nigerian motorists face renewed hardship as petrol prices surge above N1,000 per litre, with NNPC, MRS, and Ardova leading adjustments. The hike follows global crude oil price increases and Dangote Refinery's ex-depot rate revisions, impacting fuel costs
11 Easiest Countries for Nigerians to Get Citizenship in 2026
A comprehensive guide to citizenship-by-investment programs available to Nigerians in 2026, detailing requirements, costs, and benefits across 11 nations.
Venezuela Inflation Hits 475%, Highest in World
Venezuela's inflation surged to 475% in 2025, the highest globally, driven by U.S. sanctions. Despite political changes, citizens face soaring prices with food costs up 532%.
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Carter Bridge: 125-Year-Old Lagos Landmark History
Explore the remarkable history of Carter Bridge, built in 1901, which connected Lagos Island to the mainland and shaped the city's transport for over a century until its recent demolition approval.
Petrol Price Hits N1,080/Litre in Ibadan, Transport Fares Surge
Motorists in Ibadan face severe fuel scarcity with petrol prices reaching N1,080 per litre, causing long queues and significant increases in transportation fares across the city.
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19-Hour Power Outage Planned in Kogi State by AEDC
The Abuja Electricity Distribution Company has scheduled a 19-hour electricity outage in seven Kogi State areas due to TCN maintenance on March 7, 2026, affecting Lokoja and environs.
Journalist's 3-Year Solar Success in Enugu Village
Charles Ogbu installed 12 solar panels, a 10kWh battery, and a 5kVA inverter in his village home. He now powers boreholes, freezers, and shops while warning about fake solar products in Nigeria's market.
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Dangote Refinery Increases Fuel Price to ₦995 per Litre
Dangote Petroleum Refinery has increased its fuel price to ₦995 per litre, marking the second hike in four days. This surge is attributed to global crude oil cost increases amid the Iran-US conflict.
NNPC Raises Petrol to N1,295/Litre in Northwest Amid Price Surge
The Nigerian National Petroleum Company Limited has increased petrol and diesel prices at its Northwest outlets, with petrol reaching N1,013 and diesel N1,295 per litre. Regional disparities emerge as Lagos maintains lower rates while depot prices signal
Abuja Duplex with ₦10M Deposit at Pennek Court 2
A new real estate opportunity in Abuja allows buyers to secure a duplex at Pennek Court 2 with a ₦10 million initial deposit, enabling a transition from renting to owning in a prime location.
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Ikeja Electric Apologizes for Power Outages from Gas Shortage
Ikeja Electric has issued a formal apology to customers experiencing prolonged power outages, attributing the disruptions to severe gas supply shortages that have crippled Nigeria's electricity generation capacity.
30 Nigerian Banks Meet CBN's New Capital Requirements
The Central Bank of Nigeria has disclosed that 30 commercial banks have already met the new minimum capital requirements introduced in 2024. The regulator confirmed that 33 banks have raised fresh capital through various channels, with the remaining banks
Dangote Refinery Raises Petrol Price Again, New Rates Announced
Dangote Refinery has increased its ex-depot petrol price to N995 per litre, marking a second hike in days due to rising global crude oil prices, with Brent crude reaching $93.26 per barrel.
Anambra Manufacturers Push for Gas Energy to Cut Costs
Manufacturers in Anambra State decry high diesel and fuel costs, urging a transition to gas-based energy for industrial competitiveness. Shell Nigeria Gas pledges support for solutions.
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Why Top Companies Start Hiring in Q1, Not Mid-Year
Business experts reveal that proactive Q1 hiring gives companies a competitive edge, allowing them to secure top talent before the mid-year rush and align with annual strategic goals.
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Nigeria Bans Import of Key Food Items in 2026
The Nigerian Customs Service has released a comprehensive list of food items prohibited from importation in 2026, including poultry, pork, beef, eggs, vegetable oils, processed foods, and beverages. This policy aims to stimulate local agriculture, create
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