8.76 Billion Shares Traded on NGX Amid Eid Holidays
The Nigerian Exchange recorded 8.761 billion shares worth N267.253 billion in three trading days during Eid-el-Fitr holidays, with ICT sector leading activity.
Category : Business
Yemert's USSD Platform Shields Nigerian Farmers from Loss
Udokanma Georgewill founded Yemert, a USSD-first agritech platform providing crop risk protection, market access, and carbon financing to smallholder farmers across Nigeria, aiming to reach 150,000 farmers.
Tinubu Launches GAMCO Committee for Electricity Stability
President Bola Tinubu has inaugurated an 11-member committee to establish the Grid Asset Management Company Limited (GAMCO), aiming to revolutionize Nigeria's power sector and fulfill campaign promises for stable electricity supply.
Expert Urges Tinubu to Act on Middle East War Economic Risks
Development expert Engr. Micheal Ale calls on President Tinubu and the National Assembly to form a technocrat committee to mitigate potential economic fallout from the U.S.-Israel vs Iran conflict, which has closed the Strait of Hormuz and spiked global o
Lagos Power Outage After Tanker Fire: Eko DisCo Warns Residents
Eko Electricity Distribution Company reports a major power outage in Lagos following a gas tanker fire on Lekki-Epe Expressway. Two fatalities confirmed, multiple areas affected as technical teams work to restore electricity.
Nigeria Second in Global Petrol Price Surge Amid Adjustments
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.
Quick Loan Interest Rates in Nigeria: What to Expect
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.
Court Halts Alao-Akala Estate Transactions in Family Dispute
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.
Akwa Ibom IGR Hits N7bn Monthly Post-TSA
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.
NNPC Increases Petrol Prices by N100, New Rates Announced
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
Umahi: Concrete Roads Replace Asphalt, Citizens Must Protect Them
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.
Igbo Billionaires Launch Vehicle Plants, Challenge Innoson
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.
Qatar Military Helicopter Crash Kills Six Amid Regional War
A Qatar military helicopter crash has claimed six lives, with one person still missing, amid escalating US-Israel-Iran conflict in the Middle East.
African Countries Turn to Dangote Refinery for Fuel Supply
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.
Gas Tanker Blast Triggers Lagos Power Outage
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 Launches Major Tax Reform for Business Growth
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.
BPC Alarms Over Forest Threats, Calls for Urgent Action
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 Focuses on Community Development in Lagos
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 Soar in Nigeria After Dangote Refinery Increases
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.
Petrol Prices Rise as Dangote Refinery Increases Ex-Depot Cost
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 Petrol Price Jumps 39.5%, Second Highest Worldwide
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.
TEF to Give $16M to 3,200 African Entrepreneurs in 2026
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.
Experts Warn Against Food Colonialism in Nigeria
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.
US Allows Sale of Stranded Iranian Oil to Ease Global Prices
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
Nigeria Ready to Support Global Oil Supply, Says FG
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.
Tenant Evicted Two Weeks After Moving In as Landlord Sells House
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 and BII Partner to Support SMEs, Close Africa's Trade Gap
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 Advances Gas Pipeline Talks in London for Europe Supply
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
Sanusi II Earns N442m from MTN as Telecom Giant Profits
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
Man's N62,000 Fuel Purchase Sparks Economic Debate in Nigeria
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.
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