20 Nigerian Banks Meet CBN's New Capital Rules
The Central Bank of Nigeria confirms 20 commercial banks have successfully met the new recapitalisation requirements. Discover the full list and what it means for Nigeria's trillion-dollar economy goal.
Category : Business
FG Reacts to Northern Elders' Gold Refinery Claims
The Federal Ministry of Solid Minerals Development clarifies that the Lagos gold refinery is a private venture, not a federal project, amid NEF's opposition. Read the full details.
Rogue Elephant Kills 22, Villagers Terrified
A one-tusked elephant in musth has killed 22 people in India, forcing villagers to sleep on rooftops. Officials call the attacks unprecedented. Read more on the human-wildlife conflict.
Spain's Worst Rail Crash in Decade Kills 39
Spain mourns after its deadliest rail disaster in over a decade. Two trains collided in Adamuz, Córdoba, leaving 39 dead and dozens injured. Details inside.
3 Modular Refineries Supply 2.4% of Nigeria's Diesel
New data reveals Waltersmith, Edo, and ARADEL refineries contributed modestly to diesel supply in December 2025, as Dangote Refinery ramps up petrol production. Read the full analysis.
Tinubu Mourns Kano Business Mogul Bature Abdulaziz
President Bola Tinubu mourns the death of Kano business leader Bature Abdulaziz, 76. Read his tribute and the legacy of the Harmonised Traders Association president.
Abuja Disco Restructures into HoldCo, Unveils New Subsidiaries
Abuja Electricity Distribution Plc (AEDC) has restructured into a Holding Company, creating Niger and Kogi DisCos to comply with the 2023 Electricity Act. Read about the new leadership and strategic goals.
Nigeria's Dele Alake Re-elected AMSG Chairman in Saudi Arabia
Nigeria's Minister of Solid Minerals, Dele Alake, secures a second term as head of the Africa Minerals Strategy Group, outlining plans for continental collaboration and value addition. Read more.
New 7.5% VAT on Mobile, USSD Bank Charges Kicks In
Nigeria enforces 7.5% VAT on digital banking service fees from Jan 19, 2026. Learn how it affects your mobile transfers and USSD transactions, and who will feel it most.
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Qatar Airways Lagos-Doha flight returns safely
A Qatar Airways flight from Lagos to Doha safely returned to Lagos due to a technical issue. The NCAA confirms all safety protocols were followed and passengers are safe. Read the full details.
Naira at N1,490/$ as Parallel-Official Market Gap Widens
The Nigerian naira weakened to N1,490 per dollar in the parallel market, creating the widest gap with the official rate since February 2025. Get the full analysis of the forex pressures and CBN's latest moves.
ATM Withdrawals Jump 198% to ₦36.34 Trillion in H1 2025
Nigerians' ATM cash withdrawals surged to ₦36.34 trillion in H1 2025, defying CBN's fee hikes. Public backlash grows as policy hits low-income earners hardest. Discover the data and implications.
Nigeria's November Oil Output Falls to 1.486m bpd
Nigeria's crude oil production declined to 1.486 million barrels per day in November 2025, falling short of its OPEC quota. Experts cite insecurity and policy gaps as key reasons. Read the full analysis.
Nigeria's FIRS Transforms into NRS in Major Tax Reform
Nigeria's tax system enters a new era as FIRS becomes NRS. Discover the focus on tech, fairness, and efficiency aimed at boosting revenue and easing burdens. Read the full analysis.
Banking, Insurance Stocks Power NGX to Weekly Gain
The Nigerian Exchange closed the week higher, with the All-Share Index rising 2.36% to 166,129.50 points. Discover the top gainers and key drivers behind the N106.35 trillion market performance.
Zenith Bank Tops Rencap's Picks Ahead of GTCO, ACCESSCORP
Renaissance Capital Africa names Zenith Bank its top conviction stock, citing a cleaner balance sheet and strong dividend outlook. The research firm upgraded its target price by 96%. Discover the full analysis.
Nigeria-UAE Landmark Ports Deal Signed, Protests in Lagos
Nigeria's Federal Ministry of Marine and Blue Economy signs a landmark MoU with Abu Dhabi Ports Group to boost maritime trade, as freight agents protest tariff hikes in Apapa ports. Read the full details.
Fuel Price Risk as 3 Refineries Shut Down
PETROAN warns prolonged shutdown of Port Harcourt, Warri, Kaduna refineries threatens fuel price stability. Marketers urge FG to restore operations by early 2026 to avert economic and political fallout.
Julius Rone: Nigeria's Energy Man of the Moment
Julius Rone of UTM Offshore clinches New Telegraph & The Sun awards for pioneering Nigeria's first FLNG project, boosting gas exports and energy security. Discover his impact.
Petrol Prices Fall in Lagos, Calabar as Competition Grows
Nigerians see relief as depot owners slash petrol prices to ₦702 per litre. Increased competition and supply drive the drop, with more reductions expected. Read the full analysis.
Heirs Energies Doubles Oil Production to 50,000 BPD
Tony Elumelu's Heirs Energies has doubled crude oil production to over 50,000 barrels per day in five years, reviving 100 wells and boosting gas output. Discover how this achievement strengthens Nigeria's energy security.
ASO Savings & Loans Delisted, Shareholders Lose Investments
NGX delists ASO Savings and Loans Plc following CBN's licence revocation. Shareholders face total loss as regulatory crackdown intensifies. Full details inside.
Jerry Eze Unveils $300,000 Grant For Nigerian Youths
Pastor Jerry Eze has announced a $300,000 grant programme for 100 young Nigerian entrepreneurs in agriculture, tech, and manufacturing. Each gets $3,000. Apply now!
Naira Appreciates to N1,417.95/$ in Official Market
The Nigerian naira strengthened by 0.25% against the US dollar last week, closing at N1,417.95/$. Analysts attribute the gain to improved liquidity but warn of vulnerability to dollar inflows.
Why Diaspora Investors Are Losing Confidence in Nigeria
Winhomes CEO Stella Okengwu reveals how policy instability and property demolitions are discouraging Nigerians abroad from investing back home. Read her full account.
Lady Finds Apartment Occupied After Holiday, Landlord Denies Her
A Nigerian medical student in Otukpo is stranded after her landlord rented out her apartment while she was away. She shares her ordeal and seeks advice. Read the full story and see public reactions.
Plane Vanishes in Indonesia, 11 Feared Dead
An ATR 42-500 plane with 11 people onboard lost contact with air traffic control and is believed to have crashed in Indonesia. Rescue teams are searching the Leang-Leang area.
Air France Marks 80 Years in Nigeria with Exhibition
Air France celebrates 80 years of operations in Nigeria with a historic exhibition in Lagos. The event highlights decades of aviation, culture, and economic ties between Nigeria and France. Visit the showcase at Alliance Française until February 7, 2026.
Qatar Airways plane with 260 returns to Lagos after fault
A Qatar Airways flight from Lagos to Doha made an emergency return after a technical fault. All 260 passengers and crew evacuated safely. Full details on the aviation incident.
FG Inaugurates Team to Implement National IP Policy
The Federal Government has inaugurated a Technical Working Group to implement the new National Intellectual Property Policy and Strategy (NIPPS), aiming to boost innovation and economic growth.
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