Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
Category : Business
NNPC Reduces Petrol Price Following Dangote Refinery
NNPC slashes petrol prices in Lagos and Abuja after Dangote Refinery's price cut, sparking a potential fuel price war. Get the latest updates and analysis.
Ekiti Workers Queue at 3am for 2kg Gas Donation
Businessman Isaac Fayose decries poverty in Ekiti, as civil servants queue from 3am for donated 2kg gas. He says the state is now a 'Fountain of Poverty'. Read more.
Nigeria's Inflation Rate Drops to 14.45% in November
Nigeria's inflation rate fell to 14.45% in November 2025, marking the eighth consecutive decline this year. The NBS report shows food prices remain the main driver. Read the full analysis.
Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, down from 16.05% in October. Read the full NBS report on food and core inflation trends across states.
N66.42tr Hits Federation Account in 3 Years
Nigeria's Federation Account gross inflows hit N66.42 trillion from 2023 to Oct 2025, driven by fiscal reforms. RMAFC Chairman cites economic progress despite citizens' concerns. Read full analysis.
House of Reps Intervenes in Dangote, NMDPRA Dispute
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
JustMarkets Boost Contest Offers Gold Prizes to Traders
Global broker JustMarkets launches the Boost Contest, a trading competition with weekly draws and real gold rewards. Open to all clients until January 31, 2026. Join now!
Nigeria's Inflation Eases to 14.45% in November
Nigeria's headline inflation rate fell to 14.45% in November 2025, a significant drop from 16.05% in October. The National Bureau of Statistics attributes the moderation to CPI rebasing. Read the full analysis.
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.
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.
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