Lokoja Dialogues Launch to Boost Nigeria's Water Security
Nigeria launches Lokoja Dialogues to address water crisis, potentially boosting GDP by 6% annually and reducing farmer-herder conflicts worth $13.7 billion through WEFE nexus approach.
Category : Business
VAT collections hit N2.06tr in Q2, 7th consecutive rise
Nigeria's VAT revenue surges to N2.06 trillion in Q2 2025, marking a 32.15% year-on-year increase and the seventh consecutive quarterly rise since economic reforms began.
Dangote Refutes Off-Spec Diesel Claims Amid Quality Concerns
Dangote Refinery rejects claims of supplying substandard diesel to Europe while maintaining West Africa as primary market. Company plans Euro VI standards by 2028.
NRC and SWDC to Revive Southwest Rail Routes
Nigerian Railway Corporation collaborates with Southwest Development Commission to operationalize unserviced railway routes, boost regional connectivity and economic growth in Southwest states.
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Climate Change Puts Spain's Economic Growth at Risk
The OECD reports that climate disasters like deadly floods increasingly threaten Spain's dynamic economy. Learn how extreme weather impacts growth and what reforms are needed.
Nigeria Stock Market Falls After CBN MPC Meeting
Nigerian stock market declined 0.49% Wednesday as investors reacted to CBN's decision to maintain 27% MPR. Market capitalization lost N444 billion. Read full analysis.
Nigeria FX Market Reaches $500m Daily Turnover
CBN Governor Cardoso reveals Nigeria's FX market now records $500m daily turnover without central bank intervention, marking a new era of transparency and stability.
Campbell's denies using 3D-printed chicken in soups
Food giant Campbell's dismisses as 'absurd' claims by executive about 3D-printed chicken in soups. Company places VP on leave amid racism allegations and lawsuit.
US Farmers Struggle with Tariff-Driven Cost Increases
American farmers and businesses report soaring production costs due to Trump's tariffs, contradicting White House affordability claims as Thanksgiving approaches.
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Bread Prices Remain High Despite Cheaper Flour in Nigeria
Nigerian families face ongoing hardship as bread prices refuse to fall despite significant drops in flour costs. Bakers blame high electricity, diesel and other ingredient expenses.
UK Allows New Oil and Gas Drilling in North Sea
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
Traders Fair 2026 Set to Ignite Lagos Finance
Nigeria's largest trading event, Traders Fair 2026, is coming to Lagos on April 10, 2026. Join for expert seminars, networking, and a chance to win prizes. Register now!
Allianz Cuts 1,800 Jobs in AI Shift
German insurance giant Allianz signals major job cuts affecting call centers across Europe due to AI adoption. Up to 1,800 positions at risk as automation handles daily claims.
Oyo Approves ₦3b for Cocoa Rejuvenation Project
Oyo State Government has approved ₦3.03 billion for Cocoa Rejuvenation Project through PPP. Initiative aims to restore state's cocoa production glory and fill supply gaps from Ghana and Côte d'Ivoire.
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Woman Loses Multinational Job Over Pregnancy Disclosure
A Nigerian woman shares heartbreaking story of losing a ₦500k multinational job offer after revealing her pregnancy. Read her viral experience and join the conversation about workplace discrimination.
Anambra Factory Fire Destroys Millions in Goods
Massive fire destroys tissue papers and baby clothing worth millions at Nnewi factory. No casualties reported as firefighters battle early morning blaze. Read full details.
Sweden's Stegra gets $40M state aid for green steel
Swedish Energy Agency grants $40M to Stegra's low-carbon steel project amid financial scrutiny. The EU-backed initiative aims to cut CO2 emissions by 95%. Read more.
Komolafe's Energy Reforms Win Top Commendation
NUPRC's Gbenga Komolafe receives high praise for transforming Nigeria's oil sector through transparency and regulatory reforms that boosted investor confidence.
Nigerian Export Certificates Accepted in 140 Nations
Nigeria achieves international accreditation milestone as NINAS recognition enables export certificates acceptance in 140+ countries, saving millions in forex and boosting MSMEs.
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Food Prices Drop: Beans, Garri, Maize Get Cheaper
NBS reports significant price drops for beans, garri, maize, and tomatoes in September 2025. Discover state-by-state variations and mixed trends for rice and beef.
EU Lawmakers Seek Easier Suspension of Shopping Platforms
EU lawmakers call for easier suspension of e-commerce platforms like Shein following outrage in France over the sale of childlike sex dolls. A court will hear the case on December 5.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
FG May Seize Dana Air Assets for Passenger Refunds
Aviation Minister Festus Keyamo reveals FG may sell Dana Air assets to refund passengers and agents. Safety concerns prompted airline suspension. Read full details.
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Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
ACCI Calls for More Engagement on New Tax Laws
The Abuja Chamber of Commerce urges the Federal Government to increase stakeholder engagement for the successful implementation of new tax reforms set for 2026. Learn more about the key changes.
ECB Warns on AI Bubble and Eurozone Debt Risks
European Central Bank warns AI valuations may be overstretched and sovereign debt levels threaten financial stability. Learn how this affects global markets.
N1.6trn Niger Delta cleanup funds lost - Reps
House Committee reveals Nigeria lost N1.6 trillion in Niger Delta cleanup funds due to PIA non-implementation. Environmental crisis worsens as communities suffer.
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IMF Urges Germany to Enact Pro-Growth Reforms
The IMF calls for Germany to implement pro-growth structural reforms alongside increased public spending to ensure sustained economic recovery. Learn more about the challenges facing Europe's top economy.
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