FGN Savings Bonds Offer Up to 13.838% Interest
Nigeria's DMO opens subscription for 2-year and 3-year FGN Savings Bonds with attractive quarterly interest payments. Secure investment backed by the Federal Government. Closes Dec 5.
Category : Business
FAAN Conference: Ganduje, Kuku Outline Aviation Reforms
FAAN's 2025 aviation conference saw Chairman Ganduje and MD Kuku unveil plans for investment, global partnerships, and major airport upgrades, driven by Tinubu's Renewed Hope Agenda.
NDIC Assures Deposit Safety, Warns Against Fraudsters
NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.
FIRS Clarifies 4% Development Levy on Imports
The FIRS clarifies the 4% Development Levy is a consolidation of existing charges, not a new tax. Read details on exemptions, free trade zones, and reactions from Nigerian importers.
Man's Lagos Apartment Rental Video Sparks Reactions Online
A young Nigerian man goes viral on TikTok after showing off a neat apartment he rented in Lagos. He claims the price 'no reach millions,' sparking disbelief and massive reactions. Watch the video!
Cashew Export Ban Threatens Mass Job Losses in Nigeria
Kogi cashew stakeholders warn a proposed ban on raw nut exports could collapse farms, cause massive unemployment, and cripple the agro-export sector. They urge government investment instead.
Africa Real Estate Festival Set for Accra in April 2026
Ghana will host the inaugural Africa Real Estate Festival (AREF) in April 2026. The event themed 'Innovation Meets Identity' aims to shape the continent's urban future. Read more.
Man shocked by N500k Lagos-Asaba flight price
A Nigerian man's viral TikTok video reveals a staggering N500,000 flight price from Lagos to Asaba, sparking outrage over high airfares amid insecurity. Read public reactions.
Vodacom Takes Control of Safaricom in $2.1B Deal
South Africa's Vodacom secures a controlling 55% stake in Kenya's Safaricom for $2.1 billion, reshaping East Africa's telecom landscape and boosting digital inclusion. Read the full analysis.
CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
CIBN Launches Ethics Summit on International Day of Banks
The CIBN has announced a new Annual Ethics and Professionalism Summit, aligning with the UN's International Day of Banks on December 4th. Discover how this initiative aims to strengthen trust and sustainable finance in Nigeria's banking sector.
Imo Hosts Major West African Economic Summit
Imo State hosts the Imo Invest Summit 2025, a major West African economic gathering featuring global leaders like Ban Ki-moon and President Boakai. The event aims to unlock investment in energy, tech, and infrastructure. Read more.
CIBN marks 2025 International Day of Banks
The Chartered Institute of Bankers of Nigeria commemorates the UN day, highlighting banks' role in sustainable development and cybersecurity amid rising digital threats. Read more.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Stakeholders Push for Growth of Consulting in South-South
Industry leaders at Benin Consultants Convention call for expanding the consulting sector to tackle business challenges and drive economic growth in Nigeria's South-South region. Learn the strategies.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
Nigeria loses $363m yearly to EU beans ban
Nigeria loses over $360m annually due to the EU ban on dried beans exports, caused by dangerous pesticide levels. Stakeholders demand urgent agricultural reforms and seed preservation.
Turkey Warns Moscow, Kyiv on Energy Infrastructure
Turkey's Energy Minister warns Russia and Ukraine against targeting energy facilities after Black Sea drone attacks. Disruption would hit global markets and daily lives. Read more.
29-Year-Old Ex-Ballerina is World's Youngest Self-Made Female Billionaire
Luana Lopes Lara, a 29-year-old MIT graduate and former ballerina, co-founded prediction market firm Kalshi, now valued at $11 billion. Discover her incredible journey to the top.
Egypt's Sinai Tourism Project Alarms UNESCO, Locals
Egypt's $300m Saint Catherine tourism project is damaging a UNESCO World Heritage site and displacing the indigenous Bedouin community. Read about the controversy.
FIRS Explains 4% Levy, Says It's Not an Additional Tax
The FIRS clarifies that Nigeria's new 4% development levy consolidates existing charges, aims to simplify compliance, and boost investment. Learn how the tax reforms affect businesses and FTZs.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
Africa Now a Global Hub for Innovation, Says LEAP Africa
At the 2025 Social Innovators Programme, LEAP Africa declared Africa a global innovation centre driven by youth. Discover the award winners and key insights.
CBN Enforces New Cash Withdrawal Limits & Fees
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
Okonjo-Iweala, Oduwole Push for Services Trade Focus
WTO DG Ngozi Okonjo-Iweala and Nigeria's Minister Jumoke Oduwole warn developing countries that sidelining services trade risks growth. Africa holds just 2% of global share. Read more.
China Announces Zero-Tariff Policy for Nigerian Goods
China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.
Power Outage Cripples Life in Adamawa, Taraba
A planned week-long power outage in Adamawa and Taraba states disrupts daily life and businesses. Residents face darkness as YEDC conducts critical maintenance. Read more.
Sterling Bank, PAU Partner to Certify Non-Oil Exporters
Sterling Bank and Pan-Atlantic University's EDC have signed an MoU to certify graduates of the Non-Oil Export Academy, aiming to build a globally competitive export community and diversify Nigeria's economy. Read how this initiative will empower Nigerian
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