Rice Prices Drop 40% in Nigerian Markets
Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.
Category : Business
Japan businesses shrug off China travel warning impact
Japanese tourism businesses remain optimistic despite China's travel advisory. While some hotels see cancellations, retailers report minimal impact as local customers fill the gap.
Golden Penny Celebrates Winners in Consumer Promotion
Golden Penny's '4B Reasons to Smile' promotion rewards over 3,000 Nigerians with prizes like air conditioners and TVs. Join the excitement and watch weekly live draws on their social media!
Building Collapse Crisis in Nigeria: The Deadly Cost
Investigating Nigeria's building collapse epidemic. From Ebute-Metta to Lagos Island, discover why structures fail and what must change to prevent more tragedies. Take action now!
Rotary Club empowers 8 widows in Ikota community
Lekki Golden Rotary Club empowers eight Ikota widows with N400,000 for their businesses, championing economic development and community support. Join the effort for change.
Babaeko Elected IAA Vice President for Africa
Steve Babaeko begins mission to amplify Africa's creative voice globally after election as IAA Vice President. Learn how he's transforming marketing communications across the continent.
Sokoto's African Locust Trees Face Dual Threat
Military counter-insurgency operations and severe flooding endanger African locust trees in Sokoto, threatening livelihoods and biodiversity. Learn how this crisis impacts local communities.
Cargo Disruptions Feared as Imports Surge in Ember Months
Nigerian customs agents report system slowdowns during peak import season, threatening supply chains. The NCS attributes issues to user-specific problems, urging traders to use help desks.
Imo Blackout: Group Demands Probe Into Power Firm
South East Political Watchdog calls for investigation into electricity company over prolonged blackouts in Imo State. Armed invasion of TCN station raises security concerns.
Oyo threatens revocation of undeveloped lands in Owode
Oyo State Housing Corporation warns plot owners in Owode Estate Phase II to develop lands or face revocation due to security threats. Government plans security upgrades.
Indian Fighter Jet Crashes at Dubai Air Show, Pilot Dead
Tragic accident at Dubai Air Show as Indian HAL Tejas fighter jet crashes during demonstration flight. Pilot confirmed dead, emergency teams respond. Full details on the investigation.
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
COP30 Deal Threatened as Nations Clash Over Fossil Fuels
UN climate talks in Brazil risk ending without agreement as oil-producing nations block fossil fuel phase-out roadmap. EU warns of potential no-deal scenario.
REA launches 6MW mini-grid for Kano university, hospital
Rural Electrification Agency delivers 6MW hybrid mini-grid to Bayero University Kano and 1.5MW solar project to Orthopaedic Hospital, enhancing education and healthcare services.
Manufacturers Spend N676.6bn on Power Generators
Nigerian manufacturers spent N676.6 billion on alternative energy in H1 2025 as poor power supply cripples operations. MAN warns of job losses and demands government intervention.
Nigerian Banks Warn Customers Over Rising Fraud
Nigerian banks issue urgent fraud warnings to customers during International Fraud Awareness Week 2025. Learn how to protect your accounts from sophisticated scams.
Nigeria's Power Grid Operates at 40% Capacity
Nigeria's electricity crisis deepens as power plants generate only 5,000MW despite 13,000MW capacity. Transmission failures and DisCo inefficiencies blamed for the massive gap.
Lady's N16k Loan Becomes N365k Debt from Loan App
A Nigerian woman's N16,000 loan from a mobile app escalated to N365,000 repayment demand. Discover the shocking details and public reactions to this predatory lending case.
New Electric Car Assembly Plant Opens in Imo State
EF Motors partners with Chinese firm to assemble 100,000 electric vehicles by 2028, creating 5,000 jobs and competing with Innoson Motors in Nigeria's growing EV market.
EU Seeks More US Tariff Exemptions in Key Talks
EU trade ministers will press for more US tariff exemptions on wines, spirits, and pasta during a crucial meeting with US Commerce Secretary Howard Lutnick. The talks aim to resolve ongoing trade tensions.
Man's N1.3m Loan App Credit Score Stirs Reactions
A Nigerian man's display of his over N1.3 million credit score on a loan app has generated mixed reactions online, with many warning it's a trap. Discover the full story.
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.
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.
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