Kano Darkness: KEDCO Workers Strike Over Welfare Issues
Kano residents face prolonged blackout as electricity workers strike indefinitely over unpaid pensions and selective promotions. KEDCO denies allegations, claiming 80% pension payments made.
Category : Business
Designer Rejects N400k Over 'Burial Support' Bank Narration
A Lagos-based bag designer, Jennifer Oamhen Thomas, reversed N400,000 sent by a student's father due to an inappropriate 'burial support' transaction narration, insisting on proper documentation for her business.
NAFDAC Enforces Ban on Sachet Alcohol Nationwide
NAFDAC has begun enforcing a ban on alcohol in sachets and small PET bottles to protect minors from health risks, following Senate authorization.
Naira Gains in Black Market, Weakens Officially Amid 2026 Optimism
The Nigerian naira displayed contrasting movements across official and parallel markets, with analysts predicting stronger performance in 2026 driven by agricultural improvements and lower inflation.
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CPPE Warns Against Soft Drink Tax, Cites Economic Risks
The Centre for Promotion of Private Enterprise cautions against proposed sugar tax on beverages like Coke and Fanta, warning it could harm manufacturing and jobs without effectively addressing diabetes causes.
Cooking Gas Prices Soar Despite 87% Local Production in Nigeria
Nigeria's LPG market shows 87% domestic supply in 2025, yet households face rising prices due to high transport costs and distribution challenges despite declining imports.
FCCPC Deadline for Loan Apps, 100 on Watch List
Nigeria's FCCPC extends compliance deadline to April 2026 for digital lenders, names 100 loan apps on watch list to regularise operations under new regulations.
CBN Alerts on New Banking Fraud Trends Amid Digital Payment Growth
The Central Bank of Nigeria has raised alarm over emerging fraud threats in the banking sector, calling for faster industry responses as digital transactions surge nationwide.
CBN Orders 30-Minute Fraud Response by Nigerian Banks
The Central Bank of Nigeria has directed major financial institutions including Access, Zenith, and UBA to reduce fraud response times to under 30 minutes to combat rising digital threats and enhance customer protection.
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Daughter Pleads for Patronage for Mum's Tomato Shop
A Nigerian lady on TikTok appeals for customers after her mother's new tomato and pepper shop fails to attract buyers despite affordable prices and fresh stock.
Oshiomhole Praises Tinubu's Progressive Tax Policy for Workers
Senator Adams Oshiomhole hails President Tinubu's new tax reforms as progressive, shifting burden from poor to rich. Policy takes effect January 2026.
NCC Probes Telecom Service Quality After Tariff Increases
The Nigerian Communications Commission has initiated a comprehensive competition review in the telecom sector following recent data and airtime price hikes, as subscribers report persistent poor service quality despite paying more.
582% Price Surge in Lagos: 2020 vs 2026 Receipt Comparison
A Nigerian X user's viral receipt comparison reveals a 582% price increase for groceries from 2020 to 2026, highlighting Nigeria's severe inflation crisis and its impact on household budgets.
New Nigerian Refinery in Calabar to Compete with Dangote
Clarivo Oil and Gas Ltd plans to build a state-of-the-art refinery in Calabar, featuring modern technology to produce petrol, diesel, and aviation fuel, aiming to reduce Nigeria's fuel imports.
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Naira to Trade at N1,400-N1,500 in 2026, Experts Predict
Nigerian economy experts project the naira will stabilise between N1,400 and N1,500 per dollar in 2026, driven by oil reforms, capital inflows, and fiscal discipline.
PalmPay, OPay Open Graduate Trainee Programmes
PalmPay and OPay MFB announce 2025 Graduate Trainee Programmes offering Nigerian graduates career opportunities in fintech and financial services with structured training.
FairMoney Discloses N150B Loans, N7B Interest in 2025
FairMoney Microfinance Bank reveals it disbursed over N150 billion in loans and paid N7 billion in interest on savings in 2025, leveraging AI and machine learning to serve underserved customers.
World Bank $12M Loan for Nigerian IDP-Hosting States
The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.
Refineries Seek Govt Support to End Fuel Imports
Domestic refiners in Nigeria say they have enough capacity to reduce petrol imports in 2026 if crude supply challenges are addressed. CORAN calls for targeted funding and better data collection.
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Naira Recovers as CBN Releases New Exchange Rate
The Nigerian naira appreciated against the US dollar, closing at N1,419.35 in the official market amid improved dollar supply and rising external reserves.
Naira Gains Against Dollar in Official Forex Market
The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.
Air Force One Forced Back by Electrical Issue During Trump Flight
President Trump's Air Force One aircraft experienced a minor electrical problem, causing it to return to base shortly after takeoff for Davos, Switzerland. The incident delayed his World Economic Forum speech by approximately three hours.
Spain's Second Fatal Train Crash in Days After High-Speed Collision
A train driver killed and 37 injured in Barcelona commuter derailment, following Sunday's high-speed collision that left 40 dead. Heavy rains blamed for infrastructure failures.
Trump's Plane Has Electrical Issue, Switched to Backup
US President Donald Trump safely transferred to a backup Boeing 757 after a minor electrical problem was detected on Air Force One before takeoff to Davos.
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NGX Rebounds: Market Cap Rises by N93 Billion
The Nigerian stock market rebounded on Tuesday with market capitalization increasing by N93.48 billion. The NGX All-Share Index rose 0.09% as gainers outnumbered losers with 39 advancing stocks.
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Oncue Logistics Redefines Event Logistics with Tech Solutions
Oncue Logistics is revolutionizing event planning in Nigeria through a premium, technology-driven coordination model that brings order and control to weddings, corporate events, and private celebrations.
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Bolt Ridesharing Surges in December Mobility Across Nigeria
Bolt ridesharing services experience significant growth in December as Nigerians opt for convenient transportation during the festive season, highlighting changing mobility patterns.
Netflix's Warner Bros. Bid: Impact on Nigerian TV
Netflix converts its Warner Bros. Discovery takeover bid to all-cash, affecting Nigerian pay-TV through MultiChoice's channel deals and HBO Max launch plans.
Nigerian Colleagues Live Three Streets Apart Despite Workplace Avoidance
A Nigerian professional shares how a colleague avoided interaction at work, only to discover they lived just three streets apart, highlighting missed opportunities for connection and support.
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IMF: Nigeria's Economy to Grow Faster by 2026
The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.
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