Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
Category : Business
German family dies in Turkey hotel poisoning incident
A German mother and her two children have died from suspected poisoning at a Turkey hotel. The father remains unconscious as authorities investigate the chemical exposure.
EU Probes Amazon, Microsoft Cloud for Stricter Rules
The EU is investigating Amazon Web Services and Microsoft Azure under the Digital Markets Act, which could lead to stricter competition rules for their cloud services. Discover the potential impact on the tech sector.
NCAA Investigates VeryDarkMan, Mr Jollof Flight Fight
NCAA launches investigation into physical altercation between social media personalities VeryDarkMan and Mr Jollof aboard aircraft. Both men detained for questioning.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
Nigeria's Inflation Falls to 16.05% in October
Nigeria's inflation rate declines to 16.05% in October 2025, marking the seventh consecutive monthly drop. Food inflation shows significant improvement year-on-year.
Garri Price Crashes 52% as Nigeria Inflation Falls
Nigerians celebrate as garri prices drop over 50% following cassava abundance. Inflation falls to 16.05%, nearing Tinubu's 2025 target. Read market details and expert analysis.
Nigeria's Inflation Falls to 16.05% in October
Nigeria's inflation rate declines to 16.05% in October 2025, marking the seventh consecutive month of decrease. Food inflation shows significant improvement while urban areas face slight pressure.
Trump Unveils FIFA PASS for Faster World Cup Visas
President Trump announces FIFA PASS to expedite US visa interviews for 2026 World Cup travelers. Over 6 million tickets available for the North American tournament.
TotalEnergies accused of Mozambique war crimes complicity
French energy giant TotalEnergies faces legal action for alleged complicity in war crimes at its Mozambique gas site. NGO claims company knew about civilian abuses but continued operations.
JMG Donates Solar Power to Ketu Health Centre
JMG Limited commissions solar power system at Ketu Primary Healthcare Centre, ensuring uninterrupted electricity for life-saving medical procedures in Lagos.
Christian Stracke: Sutton's Ex-Husband & PIMCO President
Discover the private life of Christian Stracke, the investment banker ex-husband of RHOBH star Sutton Stracke. Learn about his $30M net worth, career at PIMCO, and their three children.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
Trump Unveils Fast-Track Visas for World Cup Fans
President Trump announces fast-track 'FIFA Pass' visas for 2026 World Cup ticket holders. Get expedited appointments but no entry guarantee. Apply now!
Nigeria imports 4.8M tonnes of wheat yearly - PBAN
PBAN laments Nigeria's heavy reliance on wheat imports, revealing 4.8M tonnes are imported yearly. Insecurity and high costs have forced 40% of bakeries to close. Read more.
Baby Shark studio shares jump 60% on market debut
Shares in Pinkfong Company, creator of viral hit Baby Shark, surged up to 60% during Seoul market debut. The children's content giant posted strong 2024 financial results.
Nigeria Targets Global Cassava Leadership with 62M Tonnes
Nigeria positions for global cassava leadership with 62M tonnes output. Federal Government mobilizes 80,000 farmers for N160B wheat production to boost food sovereignty.
Nigeria's Youngest Billionaire: Verified Facts
Discover the truth about Nigeria's youngest billionaires. Learn how wealth is verified, common misconceptions, and pathways to genuine wealth creation in Nigeria's economy.
Asian Markets Drop on Tech Worries, Nvidia in Focus
Asian stocks followed Wall Street lower amid concerns over AI tech valuations. All eyes are on Nvidia's earnings and key US jobs data this week. Read more for the full market analysis.
700 Million Africans Face Food Insecurity - Red Cross
Red Cross warns over 700 million Africans face food insecurity. New Zero Hunger Initiative launched in Abuja aims to combat hunger through community-led solutions. Join the fight against hunger.
FG suspends NIHOTOUR activities, reviews tourism rules
Federal Government halts NIHOTOUR enforcement nationwide pending regulatory review. Minister Hannatu Musawa acts on industry complaints about heavy-handed operations. Full details on the tourism sector shake-up.
Zenith Bank to Acquire Paramount Bank in Kenya
Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.
Tinubu Warns Fragmented Markets Threaten African Trade
President Tinubu reaffirms Nigeria's commitment to efficient African borders that facilitate trade. Learn how AfCFTA reforms aim to boost intra-African commerce by 2030.
Ebonyi ranks lowest in 2025 FAAC payouts
Ebonyi State received the lowest FAAC allocation of ₦112.19B between January-August 2025, highlighting Nigeria's revenue imbalance. Discover the states that got the most and least.
Africa Receives Only 2.3% of $2.4trn Clean Energy Funds
Global renewable investment hits $2.4 trillion but sub-Saharan Africa gets only $18 billion, raising concerns about energy transition inequality. Nigeria and oil-dependent economies face urgent need to adapt.
Ukraine-Greece Energy Deal Boosts US LNG Imports
Ukraine secures vital US LNG imports through Greece's Trans-Balkan pipeline as EU plans Russian gas ban by 2027. Zelensky announces January deliveries amid ongoing energy security challenges.
Dangote Refinery Takes Credit for Petrol Price Cut
Dangote Petroleum Refinery asserts responsibility for recent petrol pump price reduction, citing gantry price cuts independent of government tariff reversal. Read full details.
Petrol Price Cut: NNPC Sells at N910 in Lagos
NNPC has reduced petrol prices across Nigeria, offering relief to motorists. Dangote Refinery clarifies the reason behind the price adjustment. Read for full details and state-by-state breakdown.
VDM and Mr Jollof to face law over plane fight - NCAA
NCAA confirms Martins Otse (VDM) and Freedom Atsepoyi (Mr Jollof) will face legal consequences for their physical altercation aboard Abuja-bound aircraft. Full investigation underway.
Inflation falls to 16.05% in October 2025
Nigeria's inflation rate drops to 16.05% in October 2025, marking the lowest level since 2017. Discover how food prices and policy changes are driving this positive trend.
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