N4.64 Trillion Wiped Out in Nigerian Stock Market Crash
Nigerian stock market plunges 5.01%, wiping N4.64 trillion off investor wealth in massive selloff. Key stocks including MTN Nigeria, BUA Cement crash by 10%.
Category : Business
Nigeria May Sell NNPC Assets Amid Oil Production Crisis
Federal Government considers selling NNPC assets as crude output plummets. Presidential adviser reveals restructuring plans to revive Nigeria's energy sector. Read more.
EEDC Resumes Free Prepaid Meter Distribution
Enugu Electricity Distribution Company resumes free prepaid meter distribution under MAF program. Over 13,000 Band A customers to benefit. Company warns against meter bypassing.
Dangote, German Firm Build 4 New Fertiliser Plants
Dangote Fertiliser Limited partners with Germany's thyssenkrupp to construct four new urea plants in Lagos, boosting Nigeria's fertiliser output to over 8 million tons annually and strengthening export earnings.
Cooking Gas Prices Drop by Over N900 per Kg
Nigerians celebrate as cooking gas prices drop significantly, with marketers promising further reductions ahead of festive season. Major suppliers including NNPCL slash prices.
Cooking Gas Prices Surge Above N1,100 Nationwide
Nigerians face painful cooking gas price hikes as costs reach N2,000 per kg in Abuja, Lagos, and other cities. Marketers blame supply disruptions and logistics challenges for the crisis.
Guinea launches massive Simandou iron ore mine
Guinea officially launches production at Simandou, one of the world's largest iron ore mines. The $20 billion project promises economic transformation and thousands of jobs for the West African nation.
Dangote Fuel Price Cut Sparks Market Shake-up
Dangote Refinery's N59 price slash forces filling stations to reduce petrol rates. MRS, AP, Heyden stations adjust pumps as marketers halt imports. Discover how this affects Nigeria's energy sector.
Dangote Triggers Petrol Price Crash in Nigeria
Dangote Refinery's price cut forces filling stations to reduce petrol prices. MRS, AP, Heyden stations react as marketers halt imports. Read the latest market analysis.
Dangote Refinery Price Cut Halts Petrol Imports
Dangote Refinery's latest ₦49 petrol price reduction forces marketers to suspend imports. Learn how this reshapes Nigeria's fuel market and potential impacts on supply.
GTBank Raises Naira Card Dollar Limit to $6,000
GTBank has increased international spending limits on naira cards from $1,000 to $6,000 per quarter. The move reflects improved forex liquidity and market stability. Learn how this affects Nigerian cardholders.
55 Cruise Tourists Rescued After Catamaran Sinks
A catamaran carrying 55 cruise passengers sank in the Caribbean Sea. All were rescued unharmed in a major operation. Read the full story of the dramatic incident.
Northern Leaders Applaud Tinubu's Oil and Gas Reforms
Stakeholders at North West civic conference commend President Tinubu for Petroleum Industry Act implementation, citing transparency and investment growth. Read more.
Nigerian Bank to Close Accounts Under N7.5M Balance
Standard Chartered Bank Nigeria will close customer accounts with less than N7.5 million in February 2026. Learn about the new requirements and branch closures affecting personal banking customers.
Nigeria's Electricity Customers Rise to 11.96 Million
Nigeria's active electricity customers increased to 11.96 million in August 2025, with a metering rate of 55.01%. Discover the latest NERC data and which DisCos are leading.
Naira Exchange Rate Stable Amid FX Reserve Growth
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
Electricity Union Decries Sacking of 800 AEDC Staff
The National Union of Electricity Employees condemns the retrenchment of 800 Abuja Disco staff, citing a breach of agreement and economic hardship. Calls for a full review.
African Labour Leaders Chart Peace Pathway in Nairobi
African trade union leaders convene in Nairobi to develop a Peace Charter addressing continent-wide conflicts. Learn how workers are leading stability efforts.
Burger King Plans to Double Stores in China
Burger King forms a $350M joint venture to double its restaurants in China within five years, challenging McDonald's and KFC. Read more about this major expansion.
Sony hikes profit forecast 8% on Demon Slayer success
Sony increases full-year profit forecast by 8% to $6.8 billion, driven by Demon Slayer box office hit and strong PlayStation sales. Shares jump 5.7%.
PENCOM Certificate: Free Application Process Guide
Learn how Nigerian employers can obtain PENCOM Compliance Certificate free online. Complete requirements, step-by-step application process, and timeline explained.
Asian markets gain as US shutdown deal reached
Asian stocks climbed for second day as US lawmakers reached deal to end record 41-day government shutdown. Market analysts warn of economic impact and Fed uncertainty. Read more for full analysis.
Buffett to Step Down as Berkshire CEO, Holds Shares
Warren Buffett confirms he will step down as Berkshire Hathaway CEO at year's end but will retain a significant stake. Read about the leadership transition.
Standard Chartered Nigeria Closing Branches from 2026
Standard Chartered Bank Nigeria announces branch closures starting January 2026 as part of digital transformation strategy. Bank confirms meeting CBN's N200bn capital requirement early.
Trump threatens air traffic controllers over shutdown
President Trump threatens to dock pay of air traffic controllers during record government shutdown as flight cancellations mount. NATCA decries being used as political pawns.
Nigeria's Digital Economy Leap with E-Governance Law
President Tinubu to sign landmark National Digital Economy Bill, positioning Nigeria as Africa's digital leader. Boosts GDP contribution and enables $1 trillion economy vision.
Louis Awode Foundation Launches for Youth, Education
Nigerian entrepreneur Louis Awode launches the Louis Awode Foundation, a global initiative focused on education, youth entrepreneurship, and community development. Discover how it aims to transform lives.
Glo Rewards 160 Partners with Millions at Gala
Globacom celebrated its top business partners at the 2025 Appreciation Gala, distributing millions in cash prizes to 160 dealers who exceeded performance targets. Read about the winners and Glo's latest offers.
Banks Warn Customers About New Fraud Methods
Ecobank, First Bank, and Wema Bank alert customers about sophisticated scams using fake apps and pop-ups to steal banking details. Learn how to protect your accounts.
100,000 Housing Units for Southeast Nigeria
Igboebinie consortium partners with Hand of God Construction to build 100,000 housing units across Southeast Nigeria over 10 years, addressing housing deficit and creating 3 million jobs.
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