Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Category : Business
Germany approves €98 billion debt for 2026 budget
German parliament approves revised 2026 budget with €98 billion borrowing for economic relief and military spending. Chancellor Merz unveils industrial power price cuts.
BHP liable for Brazil mine disaster: UK court
British court rules BHP responsible for 2015 Brazil dam collapse that killed 19, unleashed toxic mud. Mining giant faces potential £36 billion compensation claim. Full details on the landmark environmental case.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
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New 40,000-Capacity EV Assembly Plant Coming to Nigeria
E.F. Network unveils massive electric vehicle assembly plant in Nigeria, creating 25,000 jobs and transforming the country's auto industry by 2026. Discover the future of green mobility.
Serbia's Winter Energy Crisis Deepens Amid Sanctions
Serbia faces severe winter energy crisis as US sanctions on Russian-owned NIS refinery threaten fuel supplies. With reserves depleting by November 25, Belgrade's diplomatic balancing act hits critical point. Read full analysis.
Trump Pardons Tottenham Owner Joe Lewis
US President Donald Trump has pardoned British billionaire Joe Lewis, former Tottenham Hotspur owner, for insider trading. Discover the full story behind this controversial decision.
Paystack Suspends Co-Founder Over Misconduct Allegations
Paystack suspends co-founder Ezra Olubi after viral tweets about s3x with minors and colleagues. Company launches investigation as African tech faces accountability crisis.
Ghana Scraps Covid Levy, Cuts VAT to Boost Economy
Ghana abolishes its Covid-19 Health Recovery Levy and reduces VAT to stimulate growth, returning GHS 5.7 billion to citizens. A tragic stampede at a military recruitment event in Accra leaves six dead.
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FIRS Explains Tax on Investment Income, Not Savings
The FIRS clarifies that the withholding tax on investment income is not new. It targets earnings from bonds and Treasury bills, not personal savings. Get the facts on Nigeria's tax reform.
Niger Delta Communities Demand Justice for Oil Damage
Niger Delta communities demand justice and remediation for decades of environmental degradation from oil spills and gas flaring. Read their emotional testimonies.
10 Effective Team Building Activities for Nigerian Offices
Discover 10 proven team building activities that boost collaboration and unity in Nigerian workplaces. Transform your office dynamics with these fun, engaging ideas that actually work.
Smart Nigerian Forex Traders Avoid Cash Settlements
Discover why Nigerian forex traders are protecting positions with risk management instead of cash settlements. Learn strategies for sustainable trading success in Nigeria's volatile market.
AGRA: Food Prices Rise & Fall Across Africa
AGRA's Food Security Monitor reveals mixed food commodity prices in Africa. Maize prices ease in Nigeria & East Africa, while rice costs rise in coastal West Africa. Discover the full analysis.
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Cartier Owner Richemont Reports €10.6B Sales Amid Asia Recovery
Swiss luxury group Richemont, owner of Cartier, reports strong €10.6 billion sales driven by jewellery demand and Asian market recovery. Discover how luxury sector navigates economic challenges.
FCCPC Gives Loan Apps Until January 2026 to Comply
Nigeria's FCCPC sets January 5, 2026 deadline for digital lenders including FairMoney, Okash, Carbon to comply with new regulations. Full enforcement begins after deadline.
Manufacturers Challenge NAFDAC's Sachet Alcohol Ban
Nigerian manufacturers demand reversal of sachet alcohol ban, warning of massive job losses and economic damage. MAN argues ban contradicts existing policies.
PIA Redefines Nigeria's Oil & Gas Industry Framework
Nigeria's Petroleum Industry Act has revolutionized oil governance in 4 years, boosting local refining and gas infrastructure. Discover how PIA achievements are shaping energy future.
Paystack Suspends Co-Founder Over Sexual Misconduct
Paystack suspends co-founder Ezra Olubi following sexual misconduct allegations involving a subordinate. Investigation launched as decade-old explicit tweets resurface. Read the latest developments.
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China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
Aig-Imoukhuedes Appointed King's Trust Africa Co-chairs
Leading Nigerian couple Aigboje and Ofovwe Aig-Imoukhuede appointed co-chairs of King's Trust International Africa Advisory Board. Discover how they'll empower African youth through education and entrepreneurship opportunities.
Asian Markets Fall on Fed Rate, Tech Worries
Asian markets declined, mirroring Wall Street's selloff amid uncertainty over the Federal Reserve's December rate decision and growing speculation of a tech bubble.
Trump Eyes $2,000 Checks, 50-Year Mortgages
Facing economic pressure, President Trump proposes $2,000 dividends and 50-year mortgages. Will these ideas address cost-of-living concerns? Read more.
Fossil Fuel Fight Intensifies at UN Climate Summit COP30
Dozens of nations push for fossil fuel phaseout roadmap at COP30 in Brazil, facing stiff opposition from oil powers. Will global climate action accelerate? Read more.
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Ponmo Threatens Nigeria's $5bn Leather Industry
Federal Government warns ponmo consumption threatens Nigeria's $5bn leather industry. Learn how this practice affects economic growth and health risks.
Alstom's Profits Surge on Global Rail Demand
French rail giant Alstom posts a net income of €220 million in H1 2025-2026, driven by strong global demand for trains and infrastructure. Revenue growth forecast upgraded.
N120m Lost in Kano Market Fire, 44 Shops Destroyed
Massive fire destroys Singa Market in Kano, gutting 44 shops and goods worth millions. Trader Alhaji Salisu Abdullahi loses N120 million. Read full details on the devastating incident.
Boeing Strike Ends: Workers Accept New Contract
Boeing defense workers in the US have ended a three-month strike, securing a major wage increase. Discover the details of the new agreement and what it means for the aviation industry.
NGX Gains N1 Trillion as Investor Confidence Soars
The Nigerian stock market closed with a massive N1 trillion gain, driven by strong performances from key blue-chip stocks. Discover the top gainers and market trends.
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Pfizer buys Metsera in $10bn weight loss drug deal
Pfizer completes Metsera acquisition worth up to $10 billion, entering the competitive weight loss drug market. Learn how this deal positions Pfizer against Novo Nordisk.
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