Lady's N3.8m Solar Setup Powers AC, Fridge 24/7
A Nigerian woman shares her experience switching to solar energy, spending N3.8 million for a system that powers her air conditioner and refrigerator round-the-clock.
Category : Business
Lafarge Africa Expands Cement Plants in Nigeria
Lafarge Africa announces expansion of Ashaka and Sagamu cement plants to 5.5 million metric tonnes annually, sparking market optimism but analysts caution on price reductions.
Nigeria to Resume Fuel Imports Amid Dangote Refinery Issues
The Nigerian government will restart petrol and diesel import permits by mid-February 2026 due to supply concerns as Dangote Refinery experiences falling crude deliveries and rising prices.
Rice Price Hike Looms as Nigeria Considers Import Ban
The Nigerian government faces a critical decision on rice imports that could reverse recent price drops. Experts warn that closing import channels may trigger inflation while protecting local farmers.
Nigeria's Power Failure: 4 Presidents, ₦7 Trillion, No Light
Nigeria has spent approximately ₦7 trillion on electricity since privatization in 2013, yet power supply remains unstable under four successive administrations. Experts blame partial privatization, corruption, and weak political will for the persistent da
Top 10 States With Highest FAAC Allocation in 2025
Delta State leads Nigeria's 2025 FAAC allocation rankings with ₦649.67 billion, followed by Rivers and Lagos States. Analysis reveals oil production and commercial activity drive fiscal distributions.
Lady Dozzy Champions Igbo Manufacturers at SEV2050 Launch
Lady Ada Chukwudozie joined Vice President Shettima and Southeast governors to launch the SEV2050 blueprint, highlighting manufacturing advantages and challenges in the region.
NUPRC Raises Alarm Over Illegal Oil Exploration in South
The Nigeria Upstream Petroleum Regulatory Commission warns that illegal oil activities in southern regions are reducing funds for host community development and have caused deadly incidents.
SMEDAN: Nigerian Entrepreneurs Misuse Business Loans
SMEDAN reveals Nigerian entrepreneurs divert MSME loans for personal expenses like weddings and cars, threatening funding schemes and small business growth.
Nigerian Workers See Higher Take-Home Pay After Tax Reforms
Nigeria's tax reforms under President Tinubu are delivering tangible benefits to salary earners, with reduced PAYE deductions leading to higher net pay for workers across income brackets.
Naira, 4 African Currencies to Strengthen Against Dollar
The Nigerian naira has appreciated significantly, trading at a two-year high against the US dollar. Experts predict further gains for naira and four other African currencies due to improved forex supply and economic factors.
Nigeria's Reforms: Pain to Progress for Millions
Analysis of Nigeria's economic reforms from 2023-2025 shows initial hardship followed by gradual stabilization, with staple prices easing and targeted interventions providing relief.
Chisco Launches Vehicle Assembly Plant, Challenges Innoson
Chisco Transport has officially launched a vehicle assembly plant in Lagos, rolling out 80 luxury buses and 40 trucks to compete with Innoson in Nigeria's growing auto industry.
Dangote Refinery's 91-Bay Gantry to Boost Fuel Distribution
Dangote Petroleum Refinery has revealed its high-capacity gantry loading facility with 91 bays, capable of evacuating nearly 3,000 trucks daily to enhance fuel supply efficiency and reduce logistics costs across Nigeria.
Japan to Restart World's Largest Nuclear Plant Next Week
Japan will restart the Kashiwazaki-Kariwa nuclear plant next week after fixing an alarm malfunction. This marks TEPCO's first reactor restart since Fukushima 2011, amid local opposition and national energy strategy.
Dangote Refinery Exports to Ghana Could Impact Regional Fuel Costs
Ghana's move to import petrol from Nigeria's Dangote Refinery could reshape West Africa's energy market, potentially affecting pump prices across the region while highlighting Nigeria's growing refining dominance.
NNPC Details Why It Shut Down Nigeria's 4 Refineries
NNPC Limited has revealed that Nigeria's four government-owned refineries were shut down due to persistent commercial losses, low utilization rates, and rising operating costs.
Dangote Refinery to Produce Detergent Raw Material Locally
Dangote Refinery announces plans to produce surfactants locally, reducing import dependence and potentially lowering detergent prices in Nigeria and West Africa.
Naira Declines in Forex Market as Exchange Gap Widens
The Nigerian naira fell by 0.57% against the US dollar in the official foreign exchange market, ending a three-day appreciation streak as dollar demand surged against limited supply.
Dangote Cuts Petrol Price to N839 Nationwide
Dangote Refinery confirms petrol now sells at N839 per litre, marking significant reduction from previous highs while emphasizing role of local refining in lowering fuel costs across Nigeria.
Enugu Airport Shut Down by Workers Protesting Concession
Flight operations at Akanu Ibiam International Airport in Enugu were paralyzed as aviation workers protested the government's concession plan, leaving passengers stranded and demanding clarity on their future.
NNPC in Talks with Chinese Firm for Refinery Investment
Nigeria's NNPC confirms discussions with a major Chinese petrochemical company for potential equity partnership to revitalize state-owned refineries through operational expertise.
Epstein Files Highlight Nigeria Oil Trust Issues, Dangote Contrast
Newly released Jeffrey Epstein documents reveal he backed out of Nigerian crude deals over fraud fears tied to NNPC, highlighting persistent governance concerns in Nigeria's oil sector as Dangote Refinery demonstrates alternative transparency.
Lady Evicted After Landlord Raises Rent Following Renovation
A Nigerian woman's story of being forced to leave her apartment after the landlord increased rent following her self-funded renovation sparks nationwide debate on tenant rights.
Dangote: Petrol Could Hit N1,000/Litre with Coastal Evacuation
Dangote Petroleum Refinery warns that petrol prices could approach N1,000 per litre if Nigeria continues relying on coastal fuel evacuation methods, citing N75 per litre additional costs.
Naira Gap Widens: Official vs Parallel Markets Exceed 6%
Nigeria's exchange rate disparity between official and parallel markets has expanded beyond 6%, raising concerns about speculation and FX arbitrage despite CBN projections for stability in 2026.
NGX Rally: Investors Gain N1.27 Trillion in Single Day
Nigerian equities market extended its bullish run with investors' wealth rising by N1.27 trillion as benchmark index gained 1.18%. Seplat Energy led gainers while Access Holdings dominated trading activity.
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Coca-Cola Nigeria's N600M 'Coke With Meals' Promo
Coca-Cola Nigeria introduces a massive N600 million promotion offering cash and prizes to Nigerians who purchase and scan their beverages from January to June 2026.
FG Blames DisCos for Slow Meter Distribution, Shares Numbers
The Nigerian government has disclosed that only about 200,000 smart meters have been installed under the DISREP program, blaming electricity distribution companies for slow deployment despite receiving hundreds of thousands of units.
Actress Warns Lagos Tenants Against Fixing Rentals
Nollywood actress Bolaji Ogunmola sparks debate by advising Lagos tenants to avoid costly repairs in rented apartments, citing landlord exploitation through rent hikes and evictions.
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