Nigeria's GDP Hits 3.98% in Q3 2025
Nigeria's economy expanded by 3.98% in Q3 2025, fueled by strong performances in Agriculture, ICT, and Finance. Get the full breakdown of the NBS report and what it means for the nation's growth trajectory.
Category : Business
Barber's Shop Demolished After Huge Investment
A Nigerian businessman's fully-equipped barbing salon was demolished after months of work, leaving him devastated. He blames a terrible access road and a difficult landlord.
Nigeria's GDP grows 3.98% in Q3 2025, NBS reports
Nigeria's economy expanded by 3.98% year-on-year in Q3 2025, driven by services and agriculture. Get the full breakdown of sectoral performance from the NBS data.
New Airline Offers 60% Cheaper Abuja-Ilorin Fares
UMZA Air begins operations on the Abuja-Ilorin route with permanently low fares, sparking a rush for tickets. Analysts say this could break the fare monopoly and benefit North Central travellers.
Nigerian man's N2m flat has no water, light, rent hiked
A Nigerian man paid N2 million for an apartment only to find no water or electricity. After one year, his landlord issued a quit notice and raised the rent to over N3 million. Read his full story and tenant rights in Nigeria.
FAAN Reviews Past Recruitments, 300 Staff Affected
FAAN begins a major review of recruitment exercises from 2015-2017 and 2019, targeting alleged job racketeering. Over 300 staff, mainly in Fire Service and AVSEC, may be demoted. Read the full details.
Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
US-UK Pharma Deal: Tariffs Lifted, NHS Drug Prices Rise
The US has exempted UK pharmaceuticals from import tariffs in a new trade deal. In exchange, Britain's NHS will pay 25% more for new US drugs. Read the full details and implications here.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
Tesla Sets New Sales Record in Norway
Tesla's sales surge 34.6% in Norway, setting a new annual record, while facing a sharp decline across the EU. Read about the factors driving this Nordic success story.
Airbus A320 Faces 'Quality Issue' on Metal Panels
Airbus confirms a supplier quality problem affecting some A320 metal panels, causing a stock plunge. The issue is contained, with fewer than 100 planes grounded for a separate software fix.
UBA MD: Bank Credit is Not a Gift, Must Be Repaid
UBA MD Oliver Alawuba cautions Nigerians to treat loans responsibly as bank lending hits N46.7 trillion. CIBN also addresses 'Japa' impact with new fund. Read more.
$5B Africa Energy Bank HQ Complete in Abuja
Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.
Rice Price Drops in Lagos, Farmers Predict More Cuts
Lagos slashes rice price to N57,000 per 50kg bag, triggering market-wide reductions. Farmers forecast further price drops ahead of Christmas but criticize import policies. Read for full market analysis.
FCTA revokes 1,095 property titles over unpaid charges
The FCTA has revoked 1,095 property titles in Abuja's elite districts for non-payment of statutory charges. High-profile names like Patience Jonathan and Ganduje are on the list. Enforcement begins November 25, 2025. Read the full details.
Sanwo-Olu Calls for Stronger Nigeria-South Africa Investment Ties
Lagos Governor Babajide Sanwo-Olu advocates for a transformative economic partnership between Nigeria and South Africa at the Nigeria-South Africa Chamber of Commerce's 25th-anniversary event. Discover the new strategic vision.
SEC Nigeria's Reforms Fuel Historic Market Growth
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
PAC Asset Champions Wealth Creation at Isimi Lagos Polo
PAC Asset Management reinforced its dedication to generational wealth building at the 2025 Isimi Lagos Polo Festival. Discover how luxury, sustainability, and investment converged.
Taxtech: New Law Raises Low-Income Spending Power
Taxtech explains Nigeria's new progressive tax law: minimum wage earners pay zero tax, low-income workers see lower rates, boosting purchasing power. High earners pay more.
Navy Officer, Pilot Presumed Dead in New Orleans Lake Crash
A US Navy officer and a female flight instructor are presumed dead after their Cessna Skyhawk crashed into Lake Pontchartrain. Search operations have been suspended. Read the full story.
Cooking Gas Price Rises to N820/kg After Dangote Refinery Hike
Dangote Refinery increases cooking gas price to N820 per kg, triggering nationwide retail hikes just before Christmas. Analysts question the move amid favourable global oil trends. Read more.
Rice Price Crashes to N60,000 Bag Ahead of Christmas
Nigerians get festive relief as rice prices drop significantly. A 50kg bag now sells for around N60,000 due to improved local harvests and border reopening. Read more.
Airbus Confirms Quality Issue on A320 Aircraft Panels
Airbus detects a 'supplier quality issue' on some A320 metal panels, causing a stock plunge. This is the second problem for the jet in a week. Read the full details and market impact.
CPPE Slams Senate Over Proposed Beverage Tax Hike
The CPPE warns that the Senate's plan to increase excise duty on non-alcoholic drinks is economically disruptive and threatens jobs. They urge its withdrawal. Read more.
UK Halts $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, paused after a deadly 2021 attack, faces new hurdles. Read more on the implications for Africa's energy sector.
UK Pulls $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
Experts Urge Reforms to Stabilise Nigerian Economy by 2026
Finance experts at an ICAN event in Ibadan call for urgent policy reforms, economic diversification, and boosted local production to stabilise Nigeria's economy ahead of 2026, warning against inflation and oil reliance.
Manufacturing Tops Nigeria's VAT Revenue in H1 2025
Nigeria's manufacturing sector contributed N584.63bn to VAT revenue in the first half of 2025, leading all sectors despite economic challenges. Read the full NBS report analysis.
WIME Congratulates Nigeria on IMO Category C Re-election
Women in Maritime and Energy (WIME) celebrates Nigeria's re-election to IMO Council Category C, calling it a win for Africa's maritime leadership and a boost for the blue economy. Read more.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
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