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Dangers of Plantain Chip Frying Process in West Africa
Plantain chips, a popular snack across West Africa, may pose serious health risks due to unsafe frying practices involving reused oil and high temperatures that produce harmful chemicals.
Category : Business
Imported Petrol Cheaper Than Dangote Refinery, Sparks Clash
Fresh data reveals imported petrol costs N809.37 per litre, N64 less than Dangote refinery's N874 price, triggering controversy between importers and refinery officials amid global crude oil surge.
CBN Cuts Rate, Banks Release New Lending Rates
Following the CBN's decision to lower the interest rate to 26.50%, major Nigerian banks like Zenith, Access, and UBA have published updated prime and maximum lending rates, enhancing transparency for borrowers.
Cooking Gas Prices Surge 40% to N1,400/kg
Nigerians face a 40% surge in cooking gas prices, with 1kg now costing N1,400 due to Middle East tensions disrupting global supply chains and crude oil markets.
Nigeria Bans Export of 8 Items Including Maize, Timber from 2026
The Federal Government of Nigeria has announced a new export policy effective 2026, prohibiting eight items ranging from agricultural produce to cultural artifacts to protect local industries and preserve heritage.
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Nigeria's Electricity Generation Falls Below 4,000MW
Nigeria's electricity generation has dropped below 4,000MW due to severe gas supply shortages affecting thermal power plants, raising concerns about worsening nationwide power outages and grid instability.
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Amstel Malta Signs Asisat Oshoala as Brand Ambassador
Amstel Malta has announced Nigerian football icon Asisat Oshoala as its new brand ambassador, aligning with its 'Be Your Best' campaign during International Women's Month.
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Tinubu Approves Demolition of 125-Year-Old Carter Bridge
President Bola Tinubu has approved the demolition and reconstruction of the historic Carter Bridge in Lagos, with the project estimated to cost nearly ₦400 billion.
NGX Gains N221bn as Market Closes Positive on Thursday
The Nigerian stock market rebounded on Thursday with a N221 billion gain in market capitalization. The All-Share Index rose 0.18% to 196,807.15 points, while Eterna Oil & Gas led gainers and Lotus Halogen topped decliners.
Lafarge Africa Honors Partners at 2025 Awards Ceremony (05.03.2026)
Lafarge Africa Plc recognized outstanding customers and transporters at its 2025 awards in Lagos, awarding vehicles and prizes to top performers like Ubotex Nigeria Limited.
12 States Adopt Tax Harmonisation, 13 More Consider Bills
Taiwo Oyedele reports 12 states have enacted tax harmonisation laws, with 13 more reviewing bills to eliminate nuisance taxes and modernise Nigeria's fiscal system under President Tinubu's reforms.
Dangote Refinery Suspends Diesel Sales, Depot Prices Jump 12%
Dangote Refinery's suspension of diesel loading has triggered a 12% price hike to N1,200 per litre in Lagos depots, with concerns mounting over broader market impacts and consumer costs.
Fuel Prices Surge in Nigeria After Dangote Refinery Hike
Petrol prices have sharply increased in Nigerian cities like Awka and Uyo, reaching up to N1,000 per litre, following a N110 hike by Dangote Refinery and NNPC adjustments.
Lady Gets Piggyvest Rent Offer After Saving N1 Million
A Nigerian woman's eight-year savings journey on Piggyvest culminated in a surprise offer from the platform to cover her annual rent after she reached N1 million in savings, sparking widespread online celebration.
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NAFDAC DG Says Alcohol Causes Banditry, Kidnapping
The Director General of NAFDAC, Prof. Mojisola Adeyeye, has controversially stated that alcohol consumption is responsible for banditry, kidnapping, and unwanted pregnancy in Nigeria, sparking widespread criticism online.
States Get VAT Windfall as New Tax Law Begins in Nigeria
Nigeria's new VAT sharing formula boosts state revenues to 55%, with Lagos leading beneficiaries at N101.34 billion. Federal share declines as total collections rise to N1.08 trillion in January 2026.
YEIDEP Batch B Recruitment: N500,000 Funding for Nigerian Youths
The Federal Government has set March 9, 2026, for the start of Batch B recruitment for the Youth Economic Intervention and De-Radicalisation Programme, offering up to N500,000 in business funding to eligible Nigerians aged 18 to 50.
Nigeria's 10 Highest Paying Federal Government Jobs 2026
Discover the 10 highest paying federal government jobs in Nigeria for 2026, including salaries for positions in banking, oil, energy, and taxation sectors. Learn about lucrative career opportunities in agencies like CBN, NNPC, and FIRS.
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Fuel and Cooking Gas Price Surge Threatens Eid Celebrations
As petrol and cooking gas prices soar across Nigeria due to global energy pressures, households face rising costs that could disrupt Eid festivities and strain festive planning.
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Peak 456 Milk Unveils New Pack Design in Nigeria
FrieslandCampina WAMCO Nigeria Plc introduces a refreshed pack for Peak 456 Growing Up Milk, emphasizing its DHA Advantage for children aged 4-6 years while maintaining nutritional quality.
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Knorr's #ServingSingles Campaign Redefines Gen Z Dating
Knorr's #ServingSingleswithKnorr campaign taps into Gen Z's shift from dating apps to community-based romance, using cooking videos and friend matchmaking to foster authentic connections.
Peak 456 Milk Unveils New Packaging Design in Nigeria
FrieslandCampina WAMCO Nigeria Plc has introduced a refreshed packaging design for Peak 456 Growing Up Milk, maintaining its DHA Advantage for children aged 4-6 years while enhancing shelf visibility.
Dele Momodu Lost $500,000 in Ghana Restaurant Failure
Ovation magazine publisher Dele Momodu has disclosed how he lost over half a million dollars in a failed restaurant business in Accra, Ghana, citing equipment delays and diversification pitfalls.
Naira Falls for 11th Session, Rate Gap Narrows to N13
The Nigerian naira depreciated for the 11th consecutive trading session against the US dollar, with the gap between official and parallel market rates closing to N13. The currency weakened across multiple forex windows amid geopolitical tensions affecting
Ikeja, Eko, Abuja DisCos Lead in NERC Metering Data
NERC reports 6.97 million metered electricity customers in Nigeria by December 2025, with a 57.27% national rate. Experts warn the pace is too slow to close the gap for 5.19 million unmetered users.
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FirstBank MREIF Loan: 9.75% Rate, ₦100M for Home Buyers
FirstBank, in partnership with MOFI, launches the MREIF Home Loan offering a single-digit interest rate of 9.75%, up to ₦100 million loan amount, and 20-year repayment terms, revolutionizing homeownership in Nigeria.
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Nigeria's Reserves Hit 13-Year High at $50.45 Billion
Nigeria's gross external reserves have climbed to $50.45 billion, marking the highest level in 13 years. This significant increase strengthens the country's financial buffer and supports currency stability amid ongoing economic reforms.
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Dele Momodu Lost $500,000 in Ghana Restaurant Business
Ovation publisher Dele Momodu disclosed losing over $500,000 on a restaurant in Accra, Ghana, due to customs delays and business missteps, highlighting risks in diversification.
Lady Cries After Saving N1 Million on Piggyvest for 8 Years
A Nigerian lady shares her emotional journey of saving N1 million on Piggyvest over eight years, celebrating a major financial milestone despite upcoming expenses.
Tinubu Suspends FAAN Cashless System Over Airport Gridlock
President Bola Tinubu orders immediate suspension of FAAN's cashless payment system at airport toll gates, citing severe traffic congestion and missed flights. A hybrid system will be temporarily adopted while authorities redesign the policy with private
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