Nigerian in US Gets $20 Credit from Verizon for Network Issue
A Nigerian man in the US military shared how Verizon credited him $20 after an 8-hour network outage, sparking comparisons with Nigerian telecom services.
Category : Business
Nigerian Brewers Earn N1.54 Trillion in 9 Months
Nigeria's top three listed brewers recorded combined revenue exceeding N1.54 trillion in the first nine months of 2025, demonstrating remarkable sector resilience despite economic pressures.
FG: Lagos Gold Refinery is Private, Not Government Project
The Federal Government clarifies that Nigeria's first gold refinery in Lagos is a private-sector initiative by Kian Smith, dismissing Northern Elders Forum's claims of regional bias as misleading.
Dangote's $350M Refinery Deal to Make Nigeria Fuel Exporter
Dangote Group's $350 million expansion of its Lekki refinery to 1.4 million barrels daily aims to end Nigeria's fuel imports and position it as a net exporter in West Africa.
Oxfam: Billionaires hit 3,000, control $3.5 trillion
Oxfam report reveals a record 3,000 billionaires in 2025, controlling over $3.5 trillion, as economic inequality surges. See the impact on Nigeria and democracy.
Scrub Daddy: Shark Tank Sponge Now $1.3B Empire
Scrub Daddy's journey from a Shark Tank pitch to a $1.3 billion cleaning empire. Discover how Aaron Krause and Lori Greiner turned a smiling sponge into a global brand with over 160 products.
NNPC Rejects Bullying Claims Over Omotowa's Exit
NNPC Ltd and industry analysts dismiss reports linking Engr. Seyi Omotowa's resignation to internal bullying, calling it a routine corporate transition. Read the full details.
Banks Charge 60% on Loans, Pay 2.7% on Savings
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Musk Hits $780bn, Four Nigerians on Forbes Billionaires List
Elon Musk's net worth soars to $780bn after xAI's valuation surge. Meanwhile, four Nigerian billionaires, led by Aliko Dangote, feature prominently on Forbes' Africa list, highlighting the continent's growing economic influence.
Shark Tank's Biggest Successes: Bombas Hits $2 Billion
Discover the 10 most successful Shark Tank products ranked by real revenue. From Bombas' $2 billion empire to Scrub Daddy's cleaning revolution, see which pitches became business giants.
Bad Loans Rise in Nigerian Banks Despite Increased Lending
Nigerian banks face rising loan defaults from households and businesses, pushing NPL ratio to 7%. The CBN warns of risks but assures system stability. Read the full analysis.
Major Power Outage Hits Parts of Ibadan
IBEDC announces power outage across multiple Ibadan areas due to a major transformer fault. Businesses, media stations, and residential communities affected. Technical team working on restoration.
Numilk's Shark Tank Success: From Pitch to $70M Valuation
Discover how Numilk secured a $2 million deal from Mark Cuban on Shark Tank, revolutionizing plant-based milk. The company now boasts a $70M valuation and over $55M in sales. Read the full update.
How Dude Wipes Shark Tank Pitch Became $220M Brand
Dude Wipes turned a Shark Tank pitch into a hygiene empire. See how Mark Cuban's $300k investment led to $220M sales and disrupted the $11B toilet paper market.
Aura Bora's Growth After Shark Tank: $10M Funding, Expansion
Discover what happened to Aura Bora after Shark Tank. The botanical sparkling water brand secured Robert Herjavec's investment, expanded to Walmart & Target, and raised over $10 million. Full story inside.
SPERGO's Shark Tank Success: Teen's $178 Idea Now Worth Millions
Discover how teen founder Trey Brown turned $178 into a multi-million dollar streetwear empire after a game-changing deal with Daymond John on Shark Tank. See SPERGO's incredible growth story.
Poppi: Shark Tank Success to PepsiCo's $1.95bn Buy
Discover how Poppi, the prebiotic soda, went from a Shark Tank pitch to a billion-dollar brand, navigating rapid growth, lawsuits, and a transformative PepsiCo deal. Read the full story.
Hug Sleep Shark Tank Success: $37M Sales Milestone
Discover how Hug Sleep, the adult swaddle brand from Shark Tank, grew into a $37 million wellness powerhouse with Mark Cuban and Lori Greiner's backing. See their 2026 update.
Anambra community protests 10 years of neglect by oil firm
Residents of Ogwu Ikpele in Anambra block oil company SPEECO, citing a decade of unfulfilled promises, environmental damage, and lack of basic amenities. Read their full demands.
Nigeria's $49 Minimum Wage Ranks 11th in Africa
A 2026 report reveals stark minimum wage gaps across Africa. Nigeria's $49.18 monthly wage places it 11th among 15 nations, while Mauritius leads with $366. See the full ranking and analysis.
Shema, 10 Others Inaugurated Into Shippers' Council Board
Former Katsina Governor Ibrahim Shema chairs the newly inaugurated Nigerian Shippers' Council board. Minister Oyetola says the move aims to boost accountability and efficiency in Nigeria's blue economy sector.
World's Top 10 Richest Men in 2026: Musk Leads with $714B
Elon Musk's wealth hits $714.2B in 2026, leading the world's richest. See the full top 10 list, their net worths, and how Nigerian billionaire Abdul Samad Rabiu is rising globally.
Abuja Food Prices Fall as NBS Reports Inflation Decline
A new survey shows food prices have dropped in Abuja markets after the festive season, with NBS data confirming a decline in monthly food inflation. Experts warn the relief may be temporary without long-term policies.
IMF Upgrades Nigeria's 2026 Economic Growth Outlook
The IMF has revised Nigeria's 2026 growth projection upward to 4.4%, citing sustained reforms and macroeconomic improvements. Discover the details and key risks.
Lagos LIRS: Jan 31 Deadline for Employer Tax Returns
Lagos State Internal Revenue Service (LIRS) reminds employers to file 2025 annual tax returns by January 31, 2026, via eTax portal. Non-compliance attracts penalties under NTAA 2025.
Bank Customers Unhappy as New VAT Charges Begin
Nigerian bank customers express frustration as commercial banks implement 7.5% VAT on electronic services, adding to existing fees. Calls grow for CBN oversight. Read the full report.
CBN to Offer N1.15 Trillion in Treasury Bills
The Central Bank of Nigeria plans a major Treasury Bills auction this week to manage liquidity. Analysts predict strong investor demand. Read the full analysis.
FCMB Meets CBN Capital Rules Ahead of 2026 Deadline
FCMB Group Plc has successfully met the Central Bank of Nigeria's new capital requirements, securing its national banking licence. Discover which 20 banks are now compliant ahead of the March 2026 deadline.
Tributes for Former Guardian COO Dr Alexander Thomopulos
Family, colleagues, and friends pay heartfelt tributes to Dr Alexander Aristotelis Thomopulos, the former Chief Operating Officer of The Guardian Newspapers, who passed away in December 2025. Read the moving stories of his life and legacy.
Protesters Block Finance Minister, Gunshot Heard in Abuja
Tensions erupted at Nigeria's Finance Ministry as unpaid contractors blocked the minister. A gunshot was fired during the protest over N1.5 trillion debt. Read the full details.
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