Equities Market Dips N292bn Amid Bearish Trading
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Category : Business
N60 Trillion Needed for Mass Housing in Nigeria
Nigeria requires N60 trillion to build mass houses and address its 20 million home deficit. Experts urge investment in local materials to cut costs by 50%. Read more.
2Africa Subsea Cable System Completed, Connects Billion
Meta and partners complete world's longest subsea cable, connecting Africa to Europe and Asia. Faster, more reliable internet coming to millions across Nigeria and the continent.
Stakeholders Seek Urgent Fix for Nigeria's Power Grid
Industry leaders warn Nigeria's power infrastructure needs immediate upgrade as states decentralize electricity market. Regulatory harmony and investment crucial for energy stability.
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Nasarawa launches $400m rare earth processing plant
Nasarawa State inaugurates Africa's largest rare earth processing facility in Uke. The $400m plant will boost Nigeria's tech, energy and defense sectors. Read more about this groundbreaking investment.
Afghanistan Diversifies Trade Amid Pakistan Dispute
Afghanistan is urgently seeking new trade partners after a border clash with Pakistan. The Taliban government is turning to Iran and Central Asia as $100 million in losses hit traders. Discover the economic fallout.
Tech Stocks Crash Amid AI Bubble Fears in Asia
Asian markets faced steep losses as tech giants like SoftBank plunged over 10% amid growing AI bubble concerns. Get the latest market analysis and investment insights.
CBN Seeks Better Fiscal-Monetary Policy Alignment
CBN executives and economic experts emphasize urgent need for coordinated monetary and fiscal policies to achieve Nigeria's economic stability. Learn about the new framework.
Stanbic IBTC Supports 200 Children with Prosthetic Limbs
Stanbic IBTC celebrates supporting 200 children through Together4ALimb initiative, providing prosthetic limbs and education trust funds. Join the movement for inclusive education.
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Nigeria to Tax Cryptocurrency Under New Law
Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.
Reps Launch Probe Into Power Sector Failures
The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.
COP30: Brazil Seeks Consensus on Fossil Fuel Phase-Down
At COP30 in Belém, Brazil's President Lula urges global climate action, fossil fuel reduction, and climate justice. World leaders must commit to emissions cuts now.
ExxonMobil relaunches Mozambique gas project
ExxonMobil resumes its Rovuma LNG project in Mozambique after a 4-year jihadist insurgency pause. Production expected by 2030, boosting regional economy.
FG Commends Schneider Electric on Power Sector Reforms
Federal Government applauds Schneider Electric's 25-year contribution to Nigeria's power sector through energy efficiency and digital automation. Discover how this partnership drives sustainable growth.
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GrabrFi Offers US Bank Accounts to Nigerian Freelancers
Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.
Nigeria to earn $1bn from electricity exports
Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.
Tod's Executives Face Labour Exploitation Investigation
Italian prosecutors investigate Tod's executives for alleged labour exploitation of Chinese subcontractors. Read about the shocking working conditions and legal actions.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
Nasarawa launches $400m rare earth metals plant
Nasarawa State inaugurates a $400 million rare earth and critical metals processing plant in Uke, set to create over 10,000 jobs and position Nigeria as a key player in the global tech and energy sectors.
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NASS Intensifies Bill to Combat Energy Theft in Nigeria
The National Assembly is strengthening a bill with stricter penalties to tackle energy theft and help DisCos recover huge government debts, boosting Nigeria's power sector. Read more.
VFD Group Redeems N12.8bn CP, Strengthens Position
VFD Group Plc successfully redeems N12.83 billion Series 5 Commercial Paper, demonstrating strong liquidity and financial discipline ahead of Rights Issue closing.
Lagos Raises ₦339bn in Record Bond Issuance
Lagos State makes history with Nigeria's first sub-national green bond, raising ₦339 billion in oversubscribed issuance that demonstrates strong global confidence in state economy.
FairMoney Launches ₦5M Loan for Nigerian Pros
FairMoney Microfinance Bank launches FlexiCredit, offering Nigerian professionals loans up to ₦5 million. Learn eligibility, interest rates, and how to apply.
China pledges reliable rare earth supply to Germany
Germany's Finance Minister Lars Klingbeil obtained China's commitment for reliable rare earth supplies during his Beijing visit. This breakthrough addresses critical supply chain concerns for German manufacturers.
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Fake Microfinance Bank Exposed by CBN in Nigeria
CBN warns Nigerians against Zuldal Microfinance Bank operating illegally in Lagos, Abuja, Kaduna, and Kano. Verify licensed MFBs before transactions.
Lady Marks 7 Years of Consistency in Akara Trade
A Nigerian entrepreneur celebrates 7 successful years in her akara business. Her viral TikTok video inspires thousands with message of consistency and hard work in Nigeria.
Banks Notify Customers on 10% Withholding Tax
Nigerian banks are informing customers about FIRS enforcing 10% withholding tax on fixed-income securities interest. Learn how this affects your investments and which instruments remain exempt.
T2 Drives Digital Transformation at CIArb Nigeria 2025
T2 showcased its digital expertise as Exclusive Technology Partner at CIArb Nigeria 2025 conference, enabling seamless hybrid connections for legal leaders exploring arbitration's future in Africa.
Stakeholders Advocate Policy Consistency for EV Adoption
Industry leaders at Nigeria's Electric Vehicle Conference emphasize policy consistency, incentives, and collaboration to drive electric vehicle adoption nationwide. Learn how Nigeria can lead Africa's e-mobility revolution.
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Climate Crisis Deepens in Southwest Nigeria - Experts
Climate Equity Project reveals worsening climate impacts in Oyo, Osun, and Ondo states. Urgent government action needed on flooding, infrastructure, and policy implementation.
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