Naira Surges: GTBank, UBA Cut Dollar Rates
Nigeria's currency surges against USD, reaching strongest level in months as major commercial banks reduce rates following EFEMs platform introduction.
Category : Business
APPNL Gets Dual Credit Rating Upgrades
Africa Prudential PLC receives simultaneous rating upgrades from two leading agencies, signaling strong financial health and enhanced market confidence in Nigeria's business services sector.
Nigeria: Africa's New Oil Trading Powerhouse Emerges
Nigeria is rapidly transforming into Africa's premier oil trading hub, positioning itself as the continent's next major growth frontier in global energy markets.
Navy dismantles illegal refinery, arrests 7 in Ondo
In a major security operation, the Nigerian Navy has dismantled an illegal refinery and arrested seven individuals across multiple communities in Ondo State, dealing a significant blow to oil theft activities in the region.
Exxon & Chevron Profits Dive as Oil Prices Fall
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
Asian Markets Rally on Apple, Amazon Earnings
Asian markets surge following impressive earnings from tech giants Apple and Amazon. Get insights on market trends, currency movements, and economic indicators shaping regional economies.
NGX Gains ₦285BN as Market Stages Impressive Comeback
The Nigerian Exchange Limited staged an impressive recovery, adding ₦285 billion in market capitalization as banking and insurance stocks led a bullish charge, reversing previous losses and signaling renewed investor confidence.
FG Trains Retirees to Boost Nigeria's Food Sovereignty
Federal Government empowers Nigerian retirees with entrepreneurial skills in agriculture and food production to enhance national food security and create sustainable livelihoods.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Dollar Ticket Sales Cripple Nigeria's Travel Economy
Travel agencies sound alarm as foreign airlines' dollar-denominated ticket sales drain local economy and threaten industry survival. Exclusive investigation reveals the devastating impact.
Nigeria's Railway Crisis: Vandals Undermine Growth
Discover the shocking truth behind Nigeria's struggling railway system - from rampant vandalism to maintenance failures that threaten the country's economic growth and transportation future.
Nigeria Launches Carbon Market Under Tinubu
President Bola Tinubu approves Nigeria's National Carbon Market Framework, positioning the country as Africa's leader in climate finance and sustainable development ahead of COP30.
China Suspends Rare Earth Export Controls to EU
Breaking: China makes unexpected decision to lift rare earth export restrictions to European Union, reshaping global supply chains and economic dynamics. Official confirmation reveals strategic trade shift.
Italy Demands ECB Cut Rates Over Strong Euro Crisis
Italian leaders pressure European Central Bank to slash interest rates as surging Euro threatens economic recovery. Analysis of global currency impacts.
US Must Counter China's Rare Earth Dominance with Market Tactics
Strategic minerals expert warns America needs urgent market interventions to counter China's dominance in rare earth metals critical for defense and green technology.
France Rejects Wealth Tax Proposal in Budget Debate
French parliament votes against reinstating wealth tax during 2025 budget discussions, maintaining current tax policies that affect international economic relations.
Oyo's Land Grab Crisis: 2,215 Petitions in 2 Years
Oyo State grapples with alarming land grabbing epidemic as authorities receive 2,215 formal complaints between 2021-2023. Property owners battle illegal seizures amid government crackdown.
Nigeria processes 90% of cassava yield locally
Nigeria continues to process 90% of its cassava production domestically, creating economic opportunities and reducing import dependency in the agricultural sector.
N2M Grants for 10 Young Nigerian Agribusiness Owners
The Nigeria Youth Futures Fund announces N2 million grants to 10 young agribusiness entrepreneurs, empowering the next generation of agricultural leaders in Nigeria.
Nigeria's Printing Industry Battles Survival Crisis
Lagos Chamber of Commerce intervenes as Nigeria's printing sector faces existential threat from rising production costs, forex volatility, and power challenges. Key stakeholders gather for crucial dialogue.
ntel Confirms 2026 Comeback - CEO Shares Details
After years of silence, ntel confirms its return to Nigeria's competitive telecom market with fresh funding and ambitious expansion plans targeting major cities.
Fuel Tax Delayed Until Naira Recovers, Oil Prices Fall
The Nigerian government delays controversial fuel tax implementation until economic conditions improve. Tax Chairman Taiwo Oyedele reveals the strategic pause awaiting naira appreciation and falling oil prices.
Delta upgrades Nigeria route with advanced Airbus A350-900
Delta Air Lines has launched its advanced Airbus A350-900 on the Lagos-Atlanta route, featuring premium Delta One suites and enhanced passenger comfort for Nigerian travelers.
UK CAA Praises Air Peace's Abuja-London Operations
The UK Civil Aviation Authority praises Air Peace for its seamless Abuja-Heathrow operations, marking a significant milestone for Nigerian aviation on the international stage.
Kano's First Aircraft Landing: 100 Years of Nigerian Aviation
A century after Nigeria's first aircraft touched down in Kano, aviation experts call for strategic repositioning of the sector to reclaim its pioneering glory and drive economic growth.
Air Peace Slashes London Fares to ₦1.2M
Nigerian carrier Air Peace dramatically slashes London fares by over 60%, breaking foreign airline monopoly and making international travel affordable for Nigerians. Chairman Allen Onyema credits President Tinubu's support for this aviation breakthrough.
Navy dismantles illegal refinery, arrests 7 in Ondo
In a major security operation, the Nigerian Navy has dismantled an illegal refining site and apprehended seven suspects across coastal communities in Ondo State, dealing a significant blow to oil theft operations in the Niger Delta region.
22 Ships Dock in Lagos, Fuel and Food Prices Crash
Nigerians rejoice as 22 vessels carrying petrol, frozen fish, and food items arrive Lagos ports, causing significant price drops across major markets. Get the latest on how this maritime boom is affecting commodity costs.
FG imposes 15% tariff on imported fuel, prices to rise
Nigerians face higher fuel costs as Federal Government introduces 15% levy on imported petroleum products. Learn how this tariff will impact petrol and diesel prices across the country.
Fuel Crisis: Petrol May Hit ₦1000/Litre in Nigeria
Nigerians face potential petrol price surge to ₦1000 per litre as oil marketers warn of dire economic consequences unless President Tinubu addresses critical issues immediately.
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