The Nigerian naira has depreciated in the official market, hitting its lowest level in two months due to rising dollar demand from Middle East tensions. The Central Bank of Nigeria released new exchange rates as the currency weakened further.
FCMB Group has successfully completed a capital raise program, securing N242.8 billion to meet the Central Bank of Nigeria's N500 billion minimum capital requirement for an international banking license.
Global oil prices dropped sharply after Donald Trump suggested the Iran conflict could end soon, easing supply fears. This may lead to petrol price cuts in Nigeria from Dangote Refinery and other suppliers as crude prices decline significantly.
Nigerian petrol prices surge dramatically as depot owners announce fresh rates following Dangote Refinery's adjustments amid global crude oil price volatility triggered by Middle East tensions.
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The Nigerian Navy successfully intercepted a sea robbery attempt, rescuing 16 passengers held hostage along the Ibaka-Calabar maritime corridor in a swift security operation based on credible intelligence.
A Lagos resident has detailed his monthly expenses for using the state's train service, prompting widespread discussion online about transportation affordability and urban living costs.
A Nigerian man relocated abroad and left N5,000 in his local bank account, only to discover it had dwindled to N500 later, sparking debate on banking fees and practices in Nigeria compared to the UK.
Forbes reports Africa's 23 billionaires increased combined wealth by $20bn to $126.7bn. Aliko Dangote retains top spot with $28.5bn fortune as Nigerian entrepreneurs show strong gains.
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Women in Kano State have launched Mata Zalla, a female-only tricycle transport service offering lower fares, enhanced safety, and employment opportunities for women drivers in the conservative region.
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BBA Motors has inaugurated its flagship showroom in Lagos, marking the Nigerian debut of the Zeekr 9X luxury SUV with the first nationwide vehicle delivery. The event featured high-profile attendees and highlighted the company's expansion in the automotiv
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Dangote Refinery has increased petrol prices to ₦1,175 per litre, marking the third hike in seven days due to global oil price surges and geopolitical tensions affecting Nigeria's energy market.
The UAE has officially declared the 2026 Eid Al-Fitr holiday dates for both public and private sector employees, with the duration contingent on the length of Ramadan. Astronomers predict a 30-day Ramadan, potentially extending the private sector break.
Women in Nigeria's capital are transforming personal vehicles into informal 'kabu-kabu' taxis to combat rising living costs and fuel prices, creating affordable transport alternatives.
Quest Merchant Bank has successfully met the N50 billion minimum capital requirement set by the Central Bank of Nigeria, marking a significant milestone after its exit from First HoldCo. The bank is now positioned to finance large-scale projects across ke
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PETROAN urges NNPC to revive domestic refineries to shield Nigeria from global oil shocks, warning petrol may reach N2,000 per litre due to geopolitical tensions.
United Capital Infrastructure Fund announced a 24.62% gross return for 2025, distributing over N6.19 billion to investors and strengthening governance with new experts.
The Nigeria Shippers' Council CEO highlights the Gateway International Airport as crucial for addressing cargo challenges in Nigeria and West Africa, praising Ogun State's infrastructure development.
A Lagos resident has publicly appealed to the state government to increase the number of BRT buses, citing daily struggles due to insufficient public transport.
A young Lagos resident has detailed his daily commute, showing the multiple buses he takes and revealing his transportation costs amount to nearly ₦70,000 per month, highlighting the financial burden of urban travel.
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Dangote Petroleum Refinery has increased Premium Motor Spirit price to N1,175 per litre, just days after a previous hike, with Automotive Gas Oil also rising to N1,620, likely driving nationwide fuel cost increases and higher living expenses.
Dangote Petroleum Refinery has authorized 20 selected marketers for limited petrol loading and increased ex-depot prices to N1,175 per litre, reflecting market dynamics amid global tensions.
France has released updated customs rules for 2026, detailing items travelers cannot bring into the country, including food, animals, weapons, and counterfeit goods, with strict penalties for violations.
Two Tier-1 Nigerian banks are reportedly in confidential merger discussions as the Central Bank of Nigeria's recapitalization deadline approaches in 21 days, with $706 million in foreign investment flowing into the sector.
Dangote Petroleum Refinery has raised petrol prices to N1,175 per litre and diesel to N1,620 per litre, marking the fourth price adjustment since March 2 amid global crude oil volatility.
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Aliko Dangote leads African billionaires with $28.5 billion net worth as four Nigerians feature in Forbes 2026 ranking. Africa's 23 billionaires now worth $126.7 billion combined, marking 21% increase from previous year.
A private aircraft transporting Senator David Jimkuta and other notable passengers developed a technical fault shortly after take-off from Abuja, prompting an emergency return. All individuals onboard landed safely without injuries.
A woman's video of weeping at Dubai International Airport due to multiple flight cancellations amid US-Iran war tensions has sparked online reactions and discussions about travel disruptions.
Importers at Tin Can Island Port in Lagos report escalating theft by 'wharf rats' who strip valuable components from newly imported vehicles, raising security concerns and financial losses.
Nigerian journalist Oseni Rufai warns that the Iran-US-Israel conflict is driving up fuel prices in Nigeria, with limited economic benefits due to oil debts and commitments.
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Nigeria faces potential fuel price hikes to N2,000 per litre as global crude oil surges to $117 per barrel due to Middle East tensions. Analysts warn of severe economic strain on households and businesses.
