Ibadan man rejects N800k room after paying agent N20k fee
An Ibadan man paid a house agent N20,000 to find an apartment, only to be shown a tiny room for N800k per year. He shared the shocking video online, sparking outrage. See the reactions.
Category : Business
Tinubu Approves Patent for NRCRI's Turmeric Tea Production
President Bola Tinubu has awarded a Certificate of Patents to the National Root Crops Research Institute for its novel turmeric tea variants. This move boosts Nigeria's herbal wellness economy and scientific innovation.
Sanwo-Olu Backs Food Entrepreneurs for Lagos Food Security
Governor Babajide Sanwo-Olu commits to empowering food innovators at the 2025 Lagos Food Festival. Read how the state is strengthening its food value chain and celebrating culinary diversity.
Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, a significant drop from October. The NBS CPI report details the monthly and yearly trends, including food and core inflation figures across states.
OHMS Capital Pioneers Financial Innovation in Nigeria
Discover how OHMS Capital is transforming Nigeria's investment landscape with data-driven fintech, blockchain ventures like WePairYou, and major agribusiness focus. Learn their growth strategy and vision for Africa.
Nigerian Startup Transforms Waste into Valuable Furniture
Discover how Lagos-based Zannytecture is tackling Nigeria's waste crisis by upcycling tyres and plastic bottles into stylish furniture, creating green jobs and generating millions in revenue. Read their inspiring story.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
China's Retail Growth Slows to 3-Year Low Amid Trade War
China's retail sales grew at the slowest pace in nearly three years in November, data shows. Weak domestic demand contrasts with strong exports, highlighting economic challenges. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Lafarge Trains 100 Persons with Disabilities in Lagos
Lafarge Africa Plc, with partners LSETF and Tunde Onakoya, celebrates beneficiaries of its Disability-to-Ability programme, training 100 PWDs in Lagos for self-reliance. Read more.
Nigeria's Teledensity Reaches 81%, Data Use Hits 1.23m TB
Nigerian Communications Commission reports teledensity at 80.87% with massive data consumption despite tariff hikes. 4G dominates as government approves 4,000 new towers for rural areas. Read the full analysis.
Indimi Woos Investors to Borno's Agriculture, Livestock
Business mogul Muhammadu Indimi promises to attract domestic and foreign investors to develop Borno's agriculture, livestock, mining, and tourism sectors, boosting the local economy.
Asian stocks falter ahead of expected US Fed rate cut
Asian equities drifted lower as investors await a likely US interest rate cut. Debate intensifies on whether the Federal Reserve can sustain easing into 2026 amid stubborn inflation.
7 Nigerians Win TECNO AFCON 2025 Tickets to Morocco
Seven lucky Nigerians have won an all-expense paid trip to watch the 2025 Africa Cup of Nations in Morocco, courtesy of TECNO's Mega Black Friday Sales. Discover the winners and how the electronics giant rewarded hundreds of customers nationwide.
Jaiz Bank Becomes Africa's First IILM Primary Dealer
Jaiz Bank achieves a historic milestone by becoming the first African financial institution onboarded as a primary dealer by the International Islamic Liquidity Management Corporation (IILM).
PromoPrint Marks 25 Years of Nigerian Manufacturing Resilience
PromoPrint Ventures celebrates 25 years, highlighting local manufacturing resilience, innovation, and the shift from import dependence. Read the inspiring story of Nigerian enterprise.
Lagos Launches New Towns to Ease Population Pressure
Lagos State government explains new town development is a critical response to intense population pressure and infrastructure strain. Commissioner Oluyinka Olumide details plans for orderly expansion and climate-resilient communities. Read more.
SUNU Assurance Secures N9bn Capital Raise Approval
SUNU Assurance shareholders approve N9 billion capital raising to meet new NIIRA 2025 requirements. The move aims to strengthen the firm's financial capacity before the July 2026 deadline.
Court Stops Sale of Embraer Jet, Orders Show Cause
A Federal High Court in Abuja has issued an interim order restraining the sale of an Embraer EMB-145LR aircraft. Justice M. A. Madugu granted the order and gave defendants seven days to respond. Read the full details.
Untapped Women's Talent Costs Global Economy $12 Trillion
Expert warns Nigeria's growth is unsustainable without women. Closing gender gaps could add $12 trillion to global GDP. New foundation launched in Abuja to drive change.
Benue Farmers Lament Crashing Food Prices, High Costs
Farmers in Benue State face financial ruin as market prices for crops collapse while fertiliser and transport costs remain high. Many threaten to quit farming next season. Read more.
Sustainable Materials Reduce Long-Term Costs for Homeowners
Ksircomfort Construction urges wider use of sustainable materials & digital approvals to cut costs & delays in Nigeria's housing sector. Founder Ademola Idris highlights innovation & trust.
Ethiopia Leads Africa's Energy Shift with Gas-by-Rail Vision
Ethiopia signs a landmark deal to launch a 73,500km gas-by-rail network, aiming to bring clean energy to 1.2 billion Africans. Read about this ambitious continental transformation.
Trump to be Involved in Netflix-Warner Bros. Deal Review
US President Donald Trump says he will be involved in the regulatory review of Netflix's $83 billion bid for Warner Bros., citing market share concerns. Read the full story.
WACOT Pays N158m to Cocoa Farmers for Sustainability
WACOT Limited disburses over N158m to 2,062 Osun cocoa farmers for sustainable practices. The initiative rewards quality and promotes financial inclusion in agriculture. Read more.
Experts: Use Alternative Energy to Boost Nigeria's Blue Economy
Environmental engineers call on the Tinubu administration to leverage Nigeria's 209 TCF gas reserves and alternative energy to drive a sustainable blue economy, creating jobs and wealth.
Land Grabbing May End in Rivers with New Community Committee
Alesa community in Rivers State inaugurates a Land Development Committee to combat land grabbing and fraudulent sales, backed by the state government and traditional ruler. This new system aims to protect investors and ensure secure land transactions.
PoS Operators Reject CAC Shutdown Plan, Head to Court
PoS operators, led by NAFIAN, plan a legal challenge against the CAC's mandatory registration, calling it overreach. The January 1, 2026, deadline could see unregistered terminals seized.
FG Opens New Funding for Imo Small Business Owners
Vice President Kashim Shettima announces new BOI and DBN funding windows for Imo SMEs at the 2025 Economic Summit, aiming to boost production and job creation.
Shipping lines decry $4.6m stowaway fines in Nigeria
Shipping lines in Nigeria pay $4.6 million annually to repatriate stowaways, despite paying security fees in dollars. SAN Chairman Boma Alabi criticizes the failed security system.
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