Ikea Profits Drop 32% on Price Cuts, Tariff Costs
Ikea's annual profits fell sharply to €1.5 billion. The furniture giant invested billions to lower prices, boosting sales volume but facing higher US tariff costs. Discover the full financial impact.
Category : Business
New Perkins 5000 Series Power Generators Unveiled in Nigeria
Jubaili Bros and Perkins unveil new diesel generators for Nigeria's energy sector, focusing on sustainability and reliable power solutions for businesses. Discover the roadmap for Nigeria's energy transition.
$50B Funding for Ondo Refinery Project
Backbone Infrastructure Limited secures $50 billion for 500,000 bpd refinery and Sunshine Free Trade Zone in Ondo State, creating thousands of jobs and boosting Nigeria's energy security.
NAPS Calls for Ban on Imported Petroleum Products
Nigerian polytechnic students demand total ban on imported refined petroleum products to protect Dangote Refinery and secure youth futures. Join the movement for economic independence.
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FIRS Launches Major Tax Reform Initiative Nov 10
FIRS launches Nigeria Tax Reform Acts on November 10, 2025, aiming to simplify taxes and boost economic growth. Learn how this affects you and businesses nationwide.
Ellah Lakes Raises ₦235bn for Agricultural Expansion
Ellah Lakes Plc secures SEC approval for ₦235 billion capital raise on Nigerian Exchange to fund aggressive expansion as West Africa's integrated agribusiness leader.
Diesel Prices Surge After Dangote Refinery Hike
Nigerian diesel prices surge 7% nationwide after Dangote Refinery increases depot rate to N950 per litre. Experts warn of inflation spike and higher logistics costs.
Summit Bank Begins Operations as Non-Interest Bank
Summit Bank Ltd has officially commenced operations as Nigeria's sixth non-interest bank, fully licensed by CBN. Discover how this ethical banking model works.
Elon Musk Could Become First Trillionaire After Tesla Deal
Tesla shareholders have overwhelmingly approved Elon Musk's record-breaking compensation package worth nearly $1 trillion, potentially making him the world's first trillionaire and signaling strong confidence in Tesla's future growth.
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Emergency USSD Codes: Block Bank Account If Phone Stolen
Critical security guide: Learn the emergency USSD codes to instantly block your UBA and Zenith Bank accounts when your phone is stolen. Protect your funds immediately with these simple steps.
Abia State Launches Electric Vehicles in December
Abia State announces groundbreaking electric vehicle initiative set for December launch, marking Nigeria's bold step toward sustainable transportation and emission-free future.
Nigeria's Oil Production to Jump 1M Barrels with EMEM FPSO
Nigeria's oil industry receives major momentum as the EMEM FPSO initiative promises to revolutionize production capacity, adding one million barrels per day to national output and strengthening economic growth.
Nigerian Biotech Agencies Strengthen Safety Collaboration
Nigeria's biotechnology regulators strengthen collaboration to ensure safe genetic modification practices, promoting agricultural innovation and food security across the nation.
Elon Musk's $1 Trillion Tesla Package Approved
Tesla shareholders have approved Elon Musk's historic compensation package worth nearly $1 trillion, causing the billionaire's net worth to surge dramatically. Discover how this decision impacts Musk's wealth and Tesla's future.
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Nigeria's Oil Reserves Risk Becoming Stranded Assets
Energy specialists warn Nigeria faces economic disaster as lack of local expertise and unstable policies threaten to leave billions in oil reserves untapped and worthless.
Africa's $2.2T Energy Mobility Revolution
Industry leaders reveal how Africa's shift to sustainable energy could unlock $2.2 trillion in economic benefits while solving transportation and power challenges.
Cedric Masters Unveils New Pickup Brand at Lagos Fair
Nigerian automotive company Cedric Masters prepares to launch groundbreaking pickup vehicles at Lagos International Trade Fair, promising innovative features tailored for African terrain.
Jetour T2 Hybrid Electric SUV Debuts in Nigeria
Discover the revolutionary Jetour T2 hybrid electric vehicle that's set to transform Nigeria's automotive landscape with cutting-edge technology and rugged capability.
United Nigeria Airlines Appoints Ben Obi to Board
United Nigeria Airlines announces strategic appointment of aviation industry expert Ben Obi to its Board of Directors, signaling new growth phase for Nigerian carrier.
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Matrix Energy Appoints Umunna as Group DMD
In a strategic move to accelerate growth, Matrix Energy Group has announced the appointment of Chukwunonso Umunna as Group Deputy Managing Director, bringing over 15 years of energy sector expertise to drive the company's expansion agenda across Nigeria a
High Taxes Threaten Nigerian Airlines' Survival
Aviation specialists sound alarm over multiple taxation threatening airline survival in Nigeria. Discover how high operational costs are pushing carriers toward collapse.
Fix Labour Issues Before Airport Concession - Workers Warn FG
Aviation unions issue strong warning to Federal Government: resolve all labour concerns before proceeding with airport concession plans. Workers demand job security and fair treatment.
68% of Nigerians bypass electricity meters - FG
Federal Government exposes massive electricity theft as majority of consumers illegally bypass prepaid meters, costing billions in revenue losses and threatening power sector stability.
FiberOne Launches Major Network Upgrade in Nigeria
FiberOne Broadband announces groundbreaking Next-Generation Network upgrade, promising faster speeds and enhanced reliability for Nigerian businesses and homes.
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NSITF Guide: Registration & E-Certificates Made Simple
Struggling with NSITF registration? This comprehensive guide breaks down the step-by-step process for employers, explaining registration, payment procedures, and how to obtain your certificate effortlessly.
Nigeria's Youth: Key to Food Sovereignty - IFAD
IFAD calls for urgent investment in Nigeria's young population to transform agriculture, ensure food security, and unlock massive economic potential through innovative farming solutions.
Lagos Governor Launches Climate Investment Plan for Coastal Resilience
Lagos State launches comprehensive Climate Adaptation and Resilience Plan with focus on coastal protection, green infrastructure, and sustainable development to address climate threats.
Northern Industries Back 15% Power Tariff Hike
Major northern industrial associations endorse new electricity tariff, citing long-term economic benefits despite initial cost concerns for manufacturers and households.
Nigeria-China Launch ₦450M Poultry Project in Kaduna
Kaduna State welcomes groundbreaking ₦450 million Nigeria-China agricultural initiative set to revolutionize poultry farming and create thousands of jobs across the region.
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FG Launches N250BN Food Security Fund
The Nigerian government unveils massive intervention fund to boost agricultural production and stabilize food markets across the nation.
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