UK Allows New Oil and Gas Drilling in North Sea
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
Category : Business
Traders Fair 2026 Set to Ignite Lagos Finance
Nigeria's largest trading event, Traders Fair 2026, is coming to Lagos on April 10, 2026. Join for expert seminars, networking, and a chance to win prizes. Register now!
Allianz Cuts 1,800 Jobs in AI Shift
German insurance giant Allianz signals major job cuts affecting call centers across Europe due to AI adoption. Up to 1,800 positions at risk as automation handles daily claims.
Oyo Approves ₦3b for Cocoa Rejuvenation Project
Oyo State Government has approved ₦3.03 billion for Cocoa Rejuvenation Project through PPP. Initiative aims to restore state's cocoa production glory and fill supply gaps from Ghana and Côte d'Ivoire.
Woman Loses Multinational Job Over Pregnancy Disclosure
A Nigerian woman shares heartbreaking story of losing a ₦500k multinational job offer after revealing her pregnancy. Read her viral experience and join the conversation about workplace discrimination.
Anambra Factory Fire Destroys Millions in Goods
Massive fire destroys tissue papers and baby clothing worth millions at Nnewi factory. No casualties reported as firefighters battle early morning blaze. Read full details.
Sweden's Stegra gets $40M state aid for green steel
Swedish Energy Agency grants $40M to Stegra's low-carbon steel project amid financial scrutiny. The EU-backed initiative aims to cut CO2 emissions by 95%. Read more.
Komolafe's Energy Reforms Win Top Commendation
NUPRC's Gbenga Komolafe receives high praise for transforming Nigeria's oil sector through transparency and regulatory reforms that boosted investor confidence.
Nigerian Export Certificates Accepted in 140 Nations
Nigeria achieves international accreditation milestone as NINAS recognition enables export certificates acceptance in 140+ countries, saving millions in forex and boosting MSMEs.
Food Prices Drop: Beans, Garri, Maize Get Cheaper
NBS reports significant price drops for beans, garri, maize, and tomatoes in September 2025. Discover state-by-state variations and mixed trends for rice and beef.
EU Lawmakers Seek Easier Suspension of Shopping Platforms
EU lawmakers call for easier suspension of e-commerce platforms like Shein following outrage in France over the sale of childlike sex dolls. A court will hear the case on December 5.
Hungary increases oil shipments to Serbia amid sanctions
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Naira Strengthens to N1,441/$ Amid CBN Policy Hold
Naira appreciates to N1,441/$ following CBN's decision to maintain MPR at 27%. Analysis of monetary policy impacts on currency stability and inflation control. Read more.
FG May Seize Dana Air Assets for Passenger Refunds
Aviation Minister Festus Keyamo reveals FG may sell Dana Air assets to refund passengers and agents. Safety concerns prompted airline suspension. Read full details.
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
ACCI Calls for More Engagement on New Tax Laws
The Abuja Chamber of Commerce urges the Federal Government to increase stakeholder engagement for the successful implementation of new tax reforms set for 2026. Learn more about the key changes.
ECB Warns on AI Bubble and Eurozone Debt Risks
European Central Bank warns AI valuations may be overstretched and sovereign debt levels threaten financial stability. Learn how this affects global markets.
N1.6trn Niger Delta cleanup funds lost - Reps
House Committee reveals Nigeria lost N1.6 trillion in Niger Delta cleanup funds due to PIA non-implementation. Environmental crisis worsens as communities suffer.
IMF Urges Germany to Enact Pro-Growth Reforms
The IMF calls for Germany to implement pro-growth structural reforms alongside increased public spending to ensure sustained economic recovery. Learn more about the challenges facing Europe's top economy.
Dangote Refinery Triggers Fuel Price Competition in Nigeria
Nigerian petrol market sees intense competition as Dangote Refinery and importers adjust ex-depot prices. Latest updates on fuel costs and market dynamics revealed.
Open grazing now capital offence in Nigeria
Federal Government bans open grazing nationwide, declaring it a capital offence to curb farmer-herder conflicts. Minister urges adoption of ranching for better productivity.
Land Reform Key to Nigeria's $1trn Economy - Dangiwa
Housing Minister Dangiwa reveals land titling as Nigeria's surest path to $1 trillion economy. Learn how the Land4Growth program will unlock $300bn in dead capital.
Katsina invests N14bn in water conservation project
Katsina State Government begins N14.05 billion water conservation project in Faskari to fight desertification, boost agriculture and enhance water security for communities.
FG Denies Open Grazing Ban, Plans Gradual Ranching Transition
Federal Government clarifies no nationwide ban on open grazing exists. Minister confirms gradual transition to modern ranching systems across Nigeria's 4.5 million hectares of grazing reserves.
Economic Triangle Proposed for S/South, S/East States
My-ACE China urges Rivers, Akwa Ibom, and Abia governors to create an economic corridor that could rival Lagos. The proposed triangle would leverage ports, fabrication capacity, and blue economy potential.
$3.5m Poultry Farm to Create 2,000 Jobs in Katsina
TORQ Agro invests $3.5 million in Katsina's largest poultry farm, creating 2,000 jobs and boosting agricultural economy. Groundbreaking ceremony set for November 27.
China Backs Nigeria's Push for Digital Ports
China offers technical support to modernize Nigeria's seaports, including automation and digital systems. Partnership aims to boost trade efficiency and maritime security.
China to Bid for Panama Canal Ports Construction
China plans to bid for building two new ports on the Panama Canal despite US concerns. The $8.5 billion project includes ports, gas pipeline and reservoir. Read more.
Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
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