CBN Orders Banks To Withdraw Misleading Adverts
The Central Bank of Nigeria has ordered all banks to withdraw misleading advertisements. New rules require pre-approval notifications and compliance attestations to protect consumers.
Category : Business
India's economy grows 8.2% despite US tariffs
India's economy expanded 8.2% in July-September 2025, beating forecasts but facing pressure from US tariffs. Learn how this affects global trade and Nigeria's economic outlook.
Health Minister Pate Advocates Stronger SSB Tax Reform
Nigeria's Health Minister Prof. Ali Pate joins CSOs urging Senate to replace fixed ₦10/litre SSB tax with percentage-based levy to curb rising diabetes, obesity rates and fund healthcare.
FCTA Enforces 1,095 Revoked Abuja Property Titles
Federal Capital Territory Administration begins enforcement on 1,095 revoked property titles in Abuja's high-end districts after owners failed to pay mandatory fees. Learn what this means for property owners.
Naira crashes to N1,443.91/$ as festive demand surges
Naira depreciates across all market segments as year-end FX demand intensifies. Expert analysis reveals why the pressure may continue through December despite rising external reserves.
Nasarawa targets 1.2 million bags of rice
Nasarawa State achieves 50% harvest target with 600,000 rice bags collected in two weeks. Governor Sule announces NASACCO Gold brand launch and expansion plans for food security.
Tender: Used Generators Disposal in Lagos
Pan African Towers announces tender for disposal of 62 used generators. Bid submission deadline is December 3, 2025. Inspection available at Satellite Town location.
$2bn Power Investments Flow into Nigeria After Reforms
Nigeria attracts over $2 billion in energy investments due to Electricity Act 2023 reforms. Minister Adelabu reveals decentralized power market driving investor confidence nationwide.
FG Distributes 4,000 Electric Tricycles to Youths
President Tinubu unveils 4,000 electric tricycles & motorcycles to slash transport costs by 40%, boost youth employment, and reduce carbon emissions in Nigeria. Read more.
Nigeria's Plan for Dairy Self-Sufficiency by 2050
The Federal Government has launched a comprehensive plan to revolutionize Nigeria's dairy sector, aiming to meet rising demand and reverse decades of underperformance through strategic reforms and partnerships.
Bank78 MFB: Nigeria's First Private Digital Bank Launches
Bank78 MFB launches as Nigeria's first fully private digital bank, offering premium banking experience for mass-affluent Nigerians. Licensed by CBN and insured by NDIC.
FCTA Enforces 1,095 Abuja Property Title Revocations
The FCT Administration has begun enforcement on 1,095 revoked property titles in highbrow Abuja districts. Owners failed to settle ground rent and other statutory payments despite repeated notices.
Experts Support CBN's MPR Decision, See Lower Rates
Nigerian economists endorse CBN's monetary policy stance maintaining MPR at 27%. Experts predict reduced lending costs to boost real sector growth. Read analysis.
Asian markets pause as investors eye Fed rate cuts
Asian markets took a breather after a strong rally, with focus on upcoming US economic data and the high probability of a December interest rate cut by the Federal Reserve.
Japan PM's Popularity Tested by China Tensions, Inflation
Japan's Prime Minister Sanae Takaichi faces economic challenges as China tensions escalate and inflation threatens her political honeymoon. Will her stimulus package work?
NY Mayor's City-Run Grocery Stores Plan Sparks Debate
New York's incoming socialist mayor Zohran Mamdani proposes government-run supermarkets to address food insecurity affecting 1.4 million residents. The plan faces criticism from conservatives.
Digital Call-Up System Transforms Nigerian Port Operations
TTP's electronic call-up system Eto has scheduled over 3.38 million truck movements, reducing congestion and improving turnaround times at Lagos ports. Stakeholders urged to unite for continued progress.
South Sudan Aid Plane Crash Kills Three Crew Members
A cargo plane carrying food aid for Samaritan's Purse crashed in South Sudan's Unity State, killing all three crew members. The Nari Air aircraft was delivering supplies to flood victims.
MMC 7.0: Energy Leaders Converge in Lagos
Top African energy executives gather at MMC 7.0 in Lagos to discuss sustainable energy's role in powering Africa's industrial revolution and equitable trade. Join the conversation December 4-5, 2025.
$10M GAIN Funding to Tackle Vitamin A Deficiency
Global Alliance for Improved Nutrition commits $10 million to combat vitamin A deficiency through biofortified staple crops in Nigeria. Learn how this initiative transforms food security.
Anambra Issues FirstPower 1-Year Electricity License
Anambra State grants FirstPower Electricity Company a one-year interim distribution license under new state regulatory framework. Historic move aims to boost power supply across the state.
Canada Advances New Oil Pipeline Amid Climate Concerns
Canadian PM Mark Carney signs agreement for new Alberta-Pacific oil pipeline, raising climate concerns while aiming to boost Asian exports amid US trade tensions.
Uyo Airport Designated as International Facility
Federal Government officially designates Victor Attah International Airport in Uyo as international airport. Minister Festus Keyamo announces completion of transition committee. Read more about this aviation milestone.
AfDB approves $500m loan for Nigeria's budget
African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.
Venezuela bans 6 airlines over security dispute
Venezuela bans Iberia, TAP, LATAM and 3 other airlines for suspending flights over US military activity. Over 8,000 passengers affected as Portugal calls move 'disproportionate'.
Major Banks Back MMC 7.0 for Africa's Industrial Growth
Leading commercial banks unite behind MMC 7.0 to mobilize capital for African entrepreneurs. Join the event on Dec 4-5 in Lagos to unlock funding opportunities.
Olubadan Launches Economic Committee for Ibadan Growth
Olubadan of Ibadanland Oba Ladoja establishes Economic and Investment Committee to address manufacturing challenges. FMCG Association and Jaiz Bank pledge support for city's economic transformation.
New 30,000 bpd Modular Refinery Launches in Delta
The Federal Government has endorsed a new 30,000-barrel-per-day modular refinery in Koko, Delta State. This project by Ebenco Global is set to create jobs and reduce Nigeria's reliance on imported fuel.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
CIoD Demands Tax Reforms Benefit Infrastructure by 2026
CIoD Nigeria urges Federal Government to ensure 2026 tax reforms directly improve infrastructure like roads, healthcare, and education. Learn how reforms aim to diversify revenue.
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