EFCC hands over 1,452 items to education ministry
EFCC handed over 1,452 recovered items, including bunk beds and mattresses, to the Federal Ministry of Education to support schools, as part of asset recovery efforts.
Category : Business
Lekki Phase 1 Annual Rent Reaches N10 Million, a Five-Year High
The average annual rent in Lekki Phase 1 has surged to N10 million, the highest in five years, driven by demand for luxury housing and limited supply.
FCMB Shareholders Approve N23.08 Billion Dividend
Shareholders of FCMB Group Plc have approved a total dividend of N23.08 billion for the 2025 financial year, representing a 50 kobo per share payout, at the company's annual general meeting.
US Hydrogen Expert Pledges N1m to Nigerian STEM Gold Winners
US-based hydrogen expert Dr Michael Taiwo has pledged N1 million to three Nigerian students who won gold at the International STEM Olympiad in Rome, sparking widespread praise.
Nigeria PenCom Reviews Pension Act After 12 Years for Reforms
PenCom begins reviewing the Pension Reform Act 2014 after 12 years without amendment, targeting implementation gaps, improved retirement outcomes, and expanded coverage for women and informal workers.
Banker Resigns After Less Than 2 Years, Joins New Bank
Aondoakura Christopher resigned from The Alternative Bank after 1 year 7 months and joined Globus Bank as a relationship manager, sharing his journey on LinkedIn.
Dangote Refinery Tops Europe's Jet Fuel Supply in June
Dangote Refinery exported 466,000 metric tonnes of jet fuel to Europe in June 2025, surpassing US exports, while Nigerian airlines face high domestic prices.
Dangote Kenya Refinery to Cost $17 Billion, Take Five Years
The Dangote Group's proposed oil refinery on Kenya's coast will cost an estimated $17 billion and take about five years to build, according to a company spokesperson.
Trader retracts N2.5 million monthly roasted corn claim
The Nigerian trader who went viral for claiming she makes N2.5 million monthly from selling roasted corn has retracted her statement, admitting she never made that amount.
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12 Indigenous Nigerian Fruits Slowly Disappearing
Many indigenous Nigerian fruits like Ogogo, Ugiri, and Monkey Kola are becoming rare due to deforestation, urbanisation, and changing farming practices. Here are 12 at risk.
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Dangote Refinery beats US as Europe's top jet fuel supplier
Nigeria's Dangote Refinery exported 466,000 metric tonnes of jet fuel to Europe in June 2026, surpassing the US and becoming the continent's largest supplier.
Naira Ranks Second Best in Africa in H1 2026, Gains 3.36%
The Nigerian naira emerged as Africa's second-best-performing currency in the first half of 2026, appreciating 3.36% against the US dollar despite global shocks from the US-Iran conflict.
De Beers Cuts Diamond Prices Sharply Amid Weak Demand
De Beers slashes diamond prices by up to 15% as weak demand from China and India pressures the market. The move aims to stabilize the industry amid oversupply and shifting consumer preferences.
FG Unveils Nigeria's First Manu-Tech Unipod
The Federal Government has launched Nigeria's first Manu-Tech Unipod, a mobile manufacturing hub aimed at driving innovation and industrial growth across the country.
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.
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.
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.
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.
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