Demand for Chinese Cars Surges in Nigeria
Nigerian buyers are increasingly choosing Chinese cars for their modern design, advanced technology, and competitive pricing, with brands like GAC, BYD, and Geely leading the trend.
Category : Business
FG Unveils Cooperative Reform for Economic Growth
The Federal Government announces a comprehensive cooperative reform programme to boost financial inclusion, job creation, and sustainable development through education and digital transformation.
1xBet Bonus Guide: Live Betting, Odds and Bankroll for World Cup
Learn how to build a clear betting strategy during the World Cup with 1xBet's World Win 2026 promo. Understand live bets, odds, bankroll, and promo mechanics step by step.
Nigeria's Broadband Hits 120M But Data Use Falls
Nigeria's broadband subscriptions hit 120 million, but data consumption drops amid inflation and tariff hikes, revealing a disconnect between network expansion and consumer purchasing power.
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Resida Launches Platform to Simplify Nigeria Rental Process
Resida, a property tech startup, has launched an all-in-one housing platform to simplify rental searches, payments, and property management in Nigeria.
Golden Penny Rewards Dealers, Launches 500g Penne Pasta
Golden Penny Foods rewarded outstanding distributors and launched a 500g Penne pasta at its 2026 B2C Dealers and Sales Conference in Lagos, themed 'Reset, Rebound, Win Big'.
Osun to Key Into $7.7 Trillion Halal Economic Strategy
Governor Ademola Adeleke announces Osun State's alignment with the Federal Government's National Halal Economic Strategy, aiming to tap into the multi-trillion dollar halal economy.
Nigeria's upstream investment share in Africa surges tenfold
Nigeria's share of African upstream energy investment rose from 4% to 40% post-2023, attracting $10 billion in commitments and a $50 billion pipeline, says presidential aide Olu Arowolo Verheijen.
NASENI, REA Sign MoU on Renewable Energy Deployment
NASENI and REA signed an MoU to promote locally manufactured renewable energy technologies under Nigeria's First Policy, reducing import dependence and expanding rural electrification.
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DOVENET launches reproductive health sensitisation in Ebonyi
Daughters of Virtue and Empowerment Initiative begins sensitisation on integrated sexual and reproductive health rights across Ebonyi State, targeting parents and adolescents.
Lagos, European Bank Sign €170m Waterways Deal
Lagos State and EIB Global signed a €170 million deal to develop sustainable waterways transport, including electric ferries and new terminals, aiming to boost waterborne transit from under 1% to 8% by 2032.
Soludo Invests N80m in 80 Startups for Anambra Tech
Anambra Governor Soludo disburses N80 million to 80 startups, graduates 400 in tech skills, and announces N1 billion Connectivity Fund for broadband expansion.
Nigerian Airline to Challenge Foreign Carriers with New York, Canada Routes
Nigeria approves international routes for United Nigeria Airlines to New York, Canada, and Dubai, aiming to boost local carriers' share of passenger traffic.
Nigeria CIT Falls to N1.37 Trillion in Q1 2026
Nigeria's Company Income Tax fell to N1.37 trillion in Q1 2026, an 8.08% decline from Q4 2025. Domestic firms paid N538.91 billion, foreign firms N828.82 billion.
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Nigeria's VAT Revenue Hits N2.42 Trillion in Q1 2026
Nigeria's VAT revenue rose to N2.42 trillion in Q1 2026, a 9.98% increase from Q4 2025. Local VAT contributed N1.11 trillion, foreign VAT N830.47 billion, and import VAT N477.55 billion.
Abiru Inaugurates Takatuku-Dandamu Road in Sokoto
Senator Tokunbo Abiru commissions the 4.6km Takatuku-Dandamu Road in Sokoto, boosting agriculture and connectivity. He praises Governor Aliyu's projects and President Tinubu's economic reforms.
FUNAAB Pro-Chancellor Seeks Stronger Traditional Institutions
FUNAAB Pro-Chancellor Oba Rasheed Olabomi calls for stronger collaboration among traditional institutions to promote unity and drive socio-economic development during visits to Ogun State monarchs.
Power Restoration After Jambutu Feeder Tower Collapse
Authorities confirm restoration works ongoing after 33kV Jambutu feeder tower collapse in Adamawa, affecting Yola North and surrounding communities.
Dangote Refinery Cuts Cooking Gas Price by N170/kg
Dangote Refinery slashes LPG depot price by N170/kg, sparking hope for consumers as other depots follow suit with reductions, potentially dropping prices further.
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Nigeria's Upstream Investment Share in Africa Up Tenfold
Nigeria's share of African upstream energy investment surged from 4% to 40%, attracting $10 billion in commitments. Presidential aide Olu Arowolo Verheijen highlights reforms in refining, production, and power.
FG, NESUG Seek Green Finance for Climate Action and Jobs
The Federal Government and NESUG call for increased green financing and sustainable investments to address climate change, create jobs, and boost Nigeria's economy at NESt 2026.
US Dollar Hits 12-Month High, Naira Slips as Fed Signals Rate Hike
The US dollar surged to a 12-month high, pressuring the Nigerian naira as the Federal Reserve hinted at potential interest rate hikes. The naira closed at N1,363 per dollar in the official market.
Saudi Arabia Donates 24,302 Food Baskets to Nigerians
Saudi Arabia's KSrelief donated 24,302 food baskets to vulnerable households in five Nigerian states, boosting humanitarian support amid displacement and economic hardship.
Dangote Refinery Cuts Diesel Price by N100 Again
Dangote Refinery reduces diesel price by N100 to N1,500 per litre amid competition and falling crude oil prices, offering relief to manufacturers and transporters.
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PIDG mobilises $2.9bn for emerging market infrastructure
PIDG mobilised $2.9 billion in private capital for emerging market infrastructure in 2025, focusing on climate action and gender inclusion across 33 projects.
ASIS 2026: Africa Targets $500m Investment Deals
The Africa Social Impact Summit (ASIS) 2026 aims to mobilize over $500 million in investments, with 2,000+ delegates from 50 countries gathering in Lagos to drive sustainable development across critical sectors.
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5 Jobs That Pay Better Than Oil Companies in 2026
Discover five high-paying careers in tech, data, and global finance that surpass traditional oil and gas salaries in 2026, with remote work opportunities.
Tinubu Commends NADF for Fertilizer Access Expansion
President Tinubu praises NADF for boosting fertilizer access under the Renewed Hope Agenda, distributing over 515,000 bags to smallholder farmers across 25 states and FCT.
Oluwo: Petrol Could Have Hit N10k Without Dangote
The Oluwo of Iwo credited the Dangote Refinery with stabilizing Nigeria's economy and preventing petrol prices from soaring to N10,000 per litre amid global market disruptions.
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Cocoa Alliance Demands $6,000 Price Floor, Continental Bloc
COCEFAAA calls for a $6,000 per tonne price floor and an African Cocoa Producers' Bloc to address the 6% value capture by Africa in the global cocoa market.
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