Lagos-Calabar Highway Not Causing Flooding, Officials Say
Governor Sanwo-Olu and Minister Umahi assert that the Lagos-Calabar Coastal Highway is not responsible for recent flooding in Lagos, citing drainage and climate factors.
Category : Business
VFD Group: The True Story of Its Rise to a Multi-Billion Naira Company
VFD Group's journey from a small startup to a multi-billion naira financial powerhouse is revealed in a new book, detailing strategic moves and challenges.
Why Lagos Floods While Singapore Stayed Dry: Paths
Lagos and Singapore were once equals in development, but Singapore's infrastructure investments eliminated flooding while Lagos still struggles with annual floods.
Nigeria Customs Confirms Slash in Import Duty on Used, New Vehicles
Nigeria Customs confirms FG slashed import duties: used vehicles from 15% to 5%, new from 20% to 10%, effective May 2026, aiming to ease high car costs.
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Switzerland Schengen Visa Fees for Nigerians Revealed
Switzerland has published Schengen visa fees for Nigerians: adults pay N150,000, children aged 6-12 pay N75,000, and children under 6 are exempt.
IPMAN: Petrol may drop below N800 with Dangote direct supply
IPMAN says petrol prices could fall below N800 per litre once independent marketers start buying directly from the Dangote Refinery, boosting competition and cutting costs.
Lady Hired by Job Agent Reveals 40% Salary Cut, N5,000 Fee
A Nigerian lady shares her experience with a recruitment agent: N5,000 registration fee and 40% of her salary. Reactions online discuss high employment costs.
FG orders probe of X, Meta, AI firms over anti-media practices
The Federal Government has directed the FCCPC to investigate X, Meta, and AI companies over alleged anti-competitive practices against Nigerian media, following a petition by media bodies.
CBN New Exchange Rates: Naira Hits N1,368/$1
The naira appreciated to N1,368.27/$1 in the official market, with gains also against the pound and euro, as Nigeria's external reserves hit $51.46 billion.
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OPay's new security features: 6 reasons for peace of mind
OPay introduces Emergency Lock and Safety PIN to enhance digital payment security. These features help prevent fraud and protect users in real-time emergencies, giving Nigerians greater peace of mind.
Dangote Marketers Cut Cooking Gas Price to N985/kg
Dangote marketers have reduced the depot price of cooking gas to N985 per kilogram, undercutting competitors and potentially lowering retail costs for Nigerian households.
BUA, Dangote Cement Dealers Release Fresh Prices as Experts Compare Costs
Despite producing more cement than it consumes, Nigeria remains one of Africa's most expensive markets for cement, with prices far higher than in South Africa, Egypt, and Kenya.
Nigerian stocks gain N3.17 trillion in one day
Nigerian equities surged by N3.17 trillion on July 7, 2026, recovering from recent losses, driven by buying interest in MTN Nigeria and banking stocks.
Lady Locks N1.5 Million in PiggyVest, Earns N240,000 Interest
A Nigerian lady locked N1.5 million in PiggyVest SafeLock for one year and will earn N240,000 interest, sparking reactions online.
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Tomato Prices More Than Double in Nigeria, Consumers Cut Consumption
Tomato prices have more than doubled in Nigerian markets, forcing consumers to reduce purchases and seek alternatives, as food inflation rises and farmers blame poor conditions.
Nigerian Stocks: Next NGX Rally to Reward Smart Investors
The next Nigerian stock market rally will favor investors who adopt strategic approaches, according to analysts, with key sectors poised for growth.
7 Secrets Behind 1-Year Promotion with 5-Figure Salary Hike
A Nigerian data analyst reveals seven career lessons that earned her a promotion and five-figure salary increase within one year, emphasizing business acumen and problem-solving over technical skills.
Man Deposits N700k in PiggyVest, Gets N75k Interest Immediately
A Nigerian man deposited N700,000 into PiggyVest and received N75,000 interest immediately, sparking reactions online as many questioned the instant credit.
Marketers Push for N800/L Petrol as Govt Meets Stakeholders
Independent petroleum marketers project petrol prices could fall below N800/litre as they push for importation rights, following a Federal Government meeting with downstream sector stakeholders.
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IPMAN: Petrol prices may drop below N800 per litre
IPMAN says petrol prices could fall below N800 per litre following a direct purchase agreement with Dangote Refinery, ending reliance on costly private depots.
Dangote Refinery, Marketers Cut Petrol Prices After FG Meeting
Nigeria's petrol and diesel prices drop as Dangote Refinery adjusts rates after government meeting; Minister Lokpobiri calls for fair pricing amid falling global crude costs.
Remi Tinubu Shows Aso Villa Garden Vegetables
Nigeria's First Lady, Remi Tinubu, showcases vegetables harvested from her Aso Villa backyard garden, reigniting debate on her earlier advice for Nigerians to start small businesses.
Rice Prices Crash Across Nigeria: Latest Brand Rates Revealed
Nigerian rice prices drop significantly, with a 50kg bag now selling between ₦40,000 and ₦87,000, offering relief amid food inflation.
Naira Stable at Official Market, Black Market Hits ₦1,400/$1
The naira traded at ₦1,367.29/$1 in the official market on July 7, 2026, while the parallel market saw the dollar climb to ₦1,400, driven by sustained demand for foreign currency.
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WeLight Unveils $650M Solar Mini-Grid Expansion in Nigeria
WeLight announces a $650 million solar mini-grid expansion to power off-grid communities across Nigeria, targeting 2 million people by 2030 with clean energy.
Depot Owners Cut Petrol Prices Below Dangote's Rate
Depot owners have reduced petrol ex-depot prices below Dangote Refinery's N1,076/litre, with Aiteo selling at N1,074 and seven others at N1,075, intensifying competition in Nigeria's downstream sector.
Awabah and TeamApt Turn POS Terminals into Pension Offices
Awabah partners with TeamApt to enable pension contributions via POS terminals, targeting Nigeria's informal sector workers with accessible retirement savings.
Ammon Debunks Claims of Delaying Disrep Meter Procurement
Ammon has refuted allegations that it is deliberately stalling the procurement of World Bank-supported Disrep meters, calling the claims baseless.
UBA Group Chairman Retires, Successor Appointed
United Bank for Africa (UBA) has announced the retirement of its Group Chairman, Tony Elumelu, and the appointment of a successor, effective immediately.
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Nigerian Stocks Gain N3.17 Trillion in Recovery
Nigerian equities surged by N3.17 trillion in the past week, extending a market recovery driven by gains in banking, consumer goods, and oil sectors.
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