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Sri Lanka's Wednesday Holiday to Cut Fuel Use Amid Crisis
Sri Lanka introduces a weekly Wednesday public holiday to reduce fuel consumption and manage economic challenges, with essential services continuing to operate normally.
Category : Business
8 Countries Paying New Residents to Move In: Europe's 2026 Strategy
Discover how European nations like Italy, Switzerland, and Greece are offering cash grants, housing subsidies, and startup funding to attract remote workers and reverse population decline in rural areas.
Top 10 States with Highest Food Inflation in February 2026
The NBS reports Nigeria's food inflation eased to 12.12% year-on-year in February 2026, but Kogi, Adamawa, and Benue recorded the highest increases. Discover the full list of states with rising food costs.
26 Injured in Abuja-Kaduna Train Collision, NRC Reports
The Nigerian Railway Corporation confirms 26 injuries after a train collision on the Abuja-Kaduna route. The incident occurred near Asham Station, causing delays but no derailment.
SEC Discloses $96bn Crypto Transactions in Nigeria, New Law Powers
The Securities and Exchange Commission reports Nigeria recorded $96 billion in cryptocurrency transactions, with new legislation expanding regulatory oversight and capital market growth.
Naira Climbs in Official and Parallel Markets After CBN Intervention
Nigeria's currency appreciated significantly in both official and parallel foreign exchange markets, driven by Central Bank interventions and improved dollar liquidity. The naira closed at ₦1,357.77 per dollar officially while parallel market rates improv
Naira Fluctuates Mildly Against Dollar in Stable Forex Market
The Nigerian Naira experienced slight fluctuations against the US dollar while maintaining overall stability across official and parallel markets, with analysts pointing to high interest rates and foreign portfolio inflows as supporting factors.
CPPE: Steps to Tackle Rising Energy Costs for Nigerian Businesses
The Centre for the Promotion of Private Enterprise warns that high global energy prices, driven by Middle East tensions, are crippling Nigerian SMEs. CPPE outlines urgent measures for businesses and government to enhance efficiency and adopt renewables.
Marketers Import Fuel Amid Dangote Refinery's N1,200/Litre Price War
Nigerian petroleum marketers import petrol and diesel to stabilize supply and compete with Dangote Refinery, as prices surge above N1,200 per litre amid global crude oil tensions and economic strain.
Food Inflation Hits 12.12% as Dealers Quote New Prices for Staples
Nigeria's food inflation increased to 12.12% in February 2026, reversing January's relief. Dealers are adjusting prices for rice, beans, garri, and other staples amid regional disparities, with Kogi recording the highest rate at 26.91%.
British Heir, Pregnant Wife Die in Guatemala Plane Crash
Harald Undrum, 53, heir to Norwegian media group Schibsted, and his pregnant wife Judith Mazariegos, 26, perished in a Cessna crash in Guatemala alongside a footballer and a doctor.
Nigeria Ranks First in Global USDT and USDC Ownership
Nigeria has emerged as the global leader in ownership of Tether (USDT) and USD Coin (USDC), according to the 2026 Stablecoin Utility Report. The country's 59% USDT and 48% USDC adoption rates surpass major economies like Australia and India, reflecting gr
Nigeria's Inflation Dips to 15.06% in February 2026
Nigeria's headline inflation rate eased marginally to 15.06 percent in February 2026, showing a slight decline from January's 15.10 percent. The National Bureau of Statistics reported significant yearly drops but noted monthly price increases, with food c
Nigerian Stock Market Hits Record High, T+1 Settlement Coming
The Nigerian stock market soared to an unprecedented high above 200,000 points, driven by strong gains in key stocks. Investors will benefit from faster fund settlements with the new T+1 cycle starting May 29, 2026.
Diesel Prices Surge to N1,700 per Litre Following Dangote Refinery Adjustment
Automotive Gas Oil (diesel) prices have surged to approximately N1,700 per litre across major Nigerian supply hubs after Dangote Petroleum Refinery increased its ex-depot price. Depot operators in Lagos, Warri, and Port Harcourt have adjusted rates, with
Nigeria's Inflation Drops to 15.06%, Three States Have Lowest Rates
Nigeria's inflation rate decreased to 15.06% in February 2026, with Katsina, Imo, and Ebonyi recording the lowest rates while Kogi had the highest, according to the National Bureau of Statistics.
FG Launches iDICE Startup Bridge with N10m Grants
The Federal Government has launched the iDICE Startup Bridge, offering grants up to N10 million for early-stage startups and $100,000 equity investments for post-MVP ventures. Applications close April 20, 2026.
Nigerian Man Returns Home After 11 Years in Canada
A Nigerian man who lived in Canada for 11 years has returned to Nigeria permanently, sharing his reasons on TikTok. He highlights business opportunities and electricity issues, sparking reactions from netizens.
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Corporate Olympics to Redefine Nigerian Workplace Performance
Nigeria's corporate sector gears up for the groundbreaking Corporate Olympics at Landmark Event Centre, Lagos, blending business strategy with physical competition to enhance workplace wellness and team performance.
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Naira Cards Reopen for International Payments
Nigerian banks and Visa have restored cross-border spending capabilities on Naira cards, simplifying international payments for travel, education, and subscriptions while maintaining robust security measures.
FG Opens iDICE Startup Bridge Portal with $7k+ Grants
The Federal Government has launched the iDICE Startup Bridge program, offering grants up to N10 million ($7,215) and equity investments up to $100,000 for Nigerian entrepreneurs across all states.
FG Introduces 1% Tax Levy for Nigeria's Informal Businesses
The Nigerian federal government has rolled out a new 1% presumptive tax targeting the informal sector to expand the tax base and increase revenue. The simplified system aims to encourage compliance and reduce illegal levies on small traders.
Dangote Refinery May Hike Petrol Prices After US Move Fails
Nigeria faces potential petrol price hikes as global oil market tensions escalate despite US crude reserve release. Experts predict crude could reach $150 per barrel, impacting local fuel costs.
Train Collision Injures Passengers on Kaduna-Abuja Route
A train collision on the Kaduna-Abuja route injured multiple passengers on Monday morning. The NRC confirmed a coupling issue caused the incident, with no fatalities reported.
Terrorists Arrested at Akure Airport, Government Speaks
Four suspected terrorists were arrested at Akure airport in a coordinated security operation. FAAN has reassured the public of its commitment to safety amid growing concerns.
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NLC Demands Relief as Fuel Hits N1,300/Litre
The Nigeria Labour Congress demands cost-of-living allowances and refinery rehabilitation as petrol prices surge to N1,300 per litre due to Middle East conflict impacts.
CBN: Dollar Rate Gap Shrinks from 50% to 2% Under Reforms
The Central Bank of Nigeria reports the premium between official and parallel dollar rates fell from 50% in 2022 to under 2% in 2025, boosting liquidity and investor confidence.
Togo Requests More Electricity Supply from Nigeria
Togo has formally requested to increase electricity imports from Nigeria's Niger Delta Power Holding Company to address rising domestic power demand and expand national grid access.
Man's Shirt Advertises Wife's Business, Wows Nigerians
A viral photo shows a Nigerian man wearing a shirt that promotes his wife's fabric business with a scannable code, sparking admiration online for its creative marketing.
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5 African Countries With Stronger Currencies Than Naira
Discover five African countries whose currencies outperform Nigeria's Naira, including Tunisia, Libya, Botswana, Morocco, and Seychelles, and learn the economic factors behind their strength.
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