Nigeria faces the world's second-highest petrol price increase at 39.5%, driven by geopolitical tensions and limited refining capacity, exacerbating inflation and economic strain nationwide.
Explore the high interest rates on quick loans in Nigeria, including hidden fees, APR calculations, and tips to avoid predatory lending practices for better financial decisions.
An Oyo State High Court has ordered a halt to all transactions involving the estate of former governor Christopher Adebayo Alao-Akala, pending resolution of a family dispute over assets.
Governor Umo Eno announces a dramatic increase in Akwa Ibom's internally generated revenue from N2bn to N7bn monthly, attributing it to the Treasury Single Account policy.
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The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol prices nationwide, with Lagos rising by N100 to N1,330 per litre. Similar hikes are reported at MRS Oil and other marketers, driven by rising crude oil costs and Dangote refinery
Minister of Works David Umahi announces Nigeria's shift to concrete road construction for durability, warns against parking heavy trucks on roads, and urges public ownership of infrastructure during Rivers State project inspections.
Nigeria's auto industry faces a major transformation as Igbo transport billionaires establish vehicle assembly plants, creating competition for pioneer Innoson Vehicle Manufacturing and reshaping the market with locally tailored commercial vehicles.
A Qatar military helicopter crash has claimed six lives, with one person still missing, amid escalating US-Israel-Iran conflict in the Middle East.
South Africa, Ghana, and Kenya are negotiating fuel supply agreements with Nigeria's Dangote Refinery as Middle East tensions disrupt global energy markets, highlighting Africa's shift toward regional energy security.
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A gas tanker explosion on Lekki-Epe Expressway has led to a widespread power outage in Lagos communities, damaging infrastructure and causing fatalities.
Rivers State has introduced a bold tax reform initiative aimed at increasing compliance, adopting digital systems, and eliminating illegal tax collection to strengthen the business environment and support economic development.
The Biodiversity Preservation Center warns of severe risks to Nigeria's forests from illegal logging and development, urging immediate conservation efforts to protect food security and climate stability.
Metro & Castle, a real estate firm in Lagos, is advancing community development by providing affordable luxury homes. The initiative targets the middle class and diaspora, with plans for 300 housing units and retail outlets to enhance local infrastructure
Petrol prices in Nigeria have surged by 7.53% to 8.85% as depot owners and major marketers implement fresh increases following global supply disruptions and refinery adjustments, with rates approaching N1,300 per litre.
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MRS Oil Nigeria Plc and Ardova have raised petrol pump prices nationwide after Dangote Refinery increased its ex-depot cost. The adjustments come amid surging global crude oil prices, with Brent crude hitting $112.19 per barrel.
Nigeria's petrol price has surged by 39.5% since February 2026, making it the second highest increase globally, driven by geopolitical tensions and structural weaknesses in the energy sector.
The Tony Elumelu Foundation announces a $16 million initiative for 2026, providing grants, training, and mentorship to 3,200 young African entrepreneurs to boost job creation and economic growth.
Leading experts warn that hunger in Nigeria is driven by political failures and power imbalances, not food shortages, calling for urgent systemic changes to address food insecurity and prevent food colonialism.
The United States has issued a temporary authorization permitting the sale of approximately 140 million barrels of Iranian crude oil already loaded on ships at sea. This move aims to alleviate global supply shortages and stabilize rising energy prices, wi
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The Federal Government declares Nigeria's readiness to act as a reliable oil supplier to stabilize global energy markets, addressing Gulf tensions and domestic security.
A Nigerian woman's new home dream turned into a nightmare when her landlord sold the property just two weeks after she moved in, forcing her to vacate without a full refund.
UBA UK and British International Investment sign a letter of intent to enhance trade finance access for African SMEs, targeting the continent's $80 billion annual gap. The collaboration leverages UBA's network and AfCFTA opportunities.
Nigeria has escalated discussions in London on a transcontinental gas pipeline project to supply European markets, with investments exceeding $20 billion anticipated. Key stakeholders, including Minister Ekperikpe Ekpo and NNPC officials, highlighted the
Muhammadu Sanusi II received N442 million in 2025 as a non-executive director at MTN Group, marking an increase from the previous year. This compensation rise coincides with MTN's return to profitability and highlights the value of experienced board overs
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A Nigerian man's viral video lamenting the N62,000 cost of a gallon of fuel has ignited widespread reactions online, highlighting economic hardships and political criticism amid rising living costs.
A Nigerian woman who relocated from the United States to Lagos has invested N8 million in a sophisticated solar power system to ensure uninterrupted electricity supply, showcasing her setup on social media.
Dangote Petroleum Refinery has increased petrol prices twice within 24 hours, reaching N1,275 per litre, as global crude oil prices surge above $110 due to Middle East tensions.
Nigeria's newest telecom operator, Vitel Wireless, introduces a revolutionary 'data that never expires' campaign, allowing subscribers to retain purchased data indefinitely until fully used, aiming to address common consumer complaints and disrupt the tel
A former Fidelity Bank executive trainee who relocated to Germany has disclosed his 2008 annual salary of N1.6 million, sparking discussions about banking sector compensation changes over time.
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Tennie Oyewole, known as Miss Tennie, has quietly shaped Nigeria's influencer economy through strategic roles at TikTok and her talent management company, TT Effect, now part of Defears Management.
