Shoprite refutes Lagos store sealing claims
Shoprite Nigeria clarifies false reports about outlet sealing at The Palms Lekki. Company confirms ongoing tax reconciliation with Lagos IRS while maintaining operational normalcy. Read official statement.
Category : Business
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
CBN Issues Naira Handling Warning for Christmas Season
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
Mayor of Housing Urges Akwa Ibom Business Resilience
My-ACE China advises Akwa Ibom businesses to think creatively despite government challenges. Investors highlight CofO delays, ease of doing business issues affecting local entrepreneurship.
Coronation Insurance Launches N35m Customer Promo
Coronation Insurance launches Insure and Win 2.0, offering N35 million in prizes to customers who purchase insurance policies from November 2025 to April 2026. Secure your future today!
CBN Injects $50m to Stabilize Naira Amid Dollar Demand
The Central Bank of Nigeria has intervened with $50 million forex injection to stabilize the naira as currency volatility continues. Learn how this affects Nigeria's economy.
Europe's Economy Vulnerable to Shocks: ECB Chief
ECB President Christine Lagarde warns Europe's export model is faltering amid US tariffs and AI competition. Urgent reforms needed to boost resilience.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
MTN Nigeria Reaches 51.1 Million Data Users
MTN Nigeria's active data users surge to 51.1 million, reflecting Nigeria's growing digital appetite. Discover what this means for internet access and data pricing.
Japan PM Takaichi defends $135bn stimulus package
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
COP30 Fossil Fuel Showdown After Dramatic Fire
UN climate talks in Brazil reach final day with countries split on fossil fuels after venue fire forced evacuation. Nigeria among nations rejecting phase-out roadmap.
Equities Market Dips N292bn Amid Bearish Trading
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
N60 Trillion Needed for Mass Housing in Nigeria
Nigeria requires N60 trillion to build mass houses and address its 20 million home deficit. Experts urge investment in local materials to cut costs by 50%. Read more.
2Africa Subsea Cable System Completed, Connects Billion
Meta and partners complete world's longest subsea cable, connecting Africa to Europe and Asia. Faster, more reliable internet coming to millions across Nigeria and the continent.
Stakeholders Seek Urgent Fix for Nigeria's Power Grid
Industry leaders warn Nigeria's power infrastructure needs immediate upgrade as states decentralize electricity market. Regulatory harmony and investment crucial for energy stability.
Nasarawa launches $400m rare earth processing plant
Nasarawa State inaugurates Africa's largest rare earth processing facility in Uke. The $400m plant will boost Nigeria's tech, energy and defense sectors. Read more about this groundbreaking investment.
Afghanistan Diversifies Trade Amid Pakistan Dispute
Afghanistan is urgently seeking new trade partners after a border clash with Pakistan. The Taliban government is turning to Iran and Central Asia as $100 million in losses hit traders. Discover the economic fallout.
Tech Stocks Crash Amid AI Bubble Fears in Asia
Asian markets faced steep losses as tech giants like SoftBank plunged over 10% amid growing AI bubble concerns. Get the latest market analysis and investment insights.
CBN Seeks Better Fiscal-Monetary Policy Alignment
CBN executives and economic experts emphasize urgent need for coordinated monetary and fiscal policies to achieve Nigeria's economic stability. Learn about the new framework.
Stanbic IBTC Supports 200 Children with Prosthetic Limbs
Stanbic IBTC celebrates supporting 200 children through Together4ALimb initiative, providing prosthetic limbs and education trust funds. Join the movement for inclusive education.
Nigeria to Tax Cryptocurrency Under New Law
Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.
Reps Launch Probe Into Power Sector Failures
The House of Representatives vows to fix Nigeria's electricity crisis, launching a major investigation into 17 years of sector failures and proposing a new bill to combat energy theft.
COP30: Brazil Seeks Consensus on Fossil Fuel Phase-Down
At COP30 in Belém, Brazil's President Lula urges global climate action, fossil fuel reduction, and climate justice. World leaders must commit to emissions cuts now.
ExxonMobil relaunches Mozambique gas project
ExxonMobil resumes its Rovuma LNG project in Mozambique after a 4-year jihadist insurgency pause. Production expected by 2030, boosting regional economy.
FG Commends Schneider Electric on Power Sector Reforms
Federal Government applauds Schneider Electric's 25-year contribution to Nigeria's power sector through energy efficiency and digital automation. Discover how this partnership drives sustainable growth.
GrabrFi Offers US Bank Accounts to Nigerian Freelancers
Nigerian freelancers and professionals can now open US bank accounts with GrabrFi to receive USD payments without fees, avoid currency devaluation, and access global financial tools for their borderless careers.
Nigeria to earn $1bn from electricity exports
Nigeria plans to generate N1.49 trillion annually by exporting 600MW of electricity to 15 West African countries following successful grid synchronization tests. Full details on this energy breakthrough.
Tod's Executives Face Labour Exploitation Investigation
Italian prosecutors investigate Tod's executives for alleged labour exploitation of Chinese subcontractors. Read about the shocking working conditions and legal actions.
POS Agent Mistakenly Debits N257k Instead of N25,700
A Nigerian man received N257,000 debit alert instead of N25,700 from POS operator. Discover the unexpected reaction and why this story went viral. Watch the video now!
Nasarawa launches $400m rare earth metals plant
Nasarawa State inaugurates a $400 million rare earth and critical metals processing plant in Uke, set to create over 10,000 jobs and position Nigeria as a key player in the global tech and energy sectors.
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