Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
Category : Business
Fidson Healthcare Plans N21 Billion Capital Raise
Fidson Healthcare Plc announces a N21 billion rights issue to boost manufacturing and African expansion. The offer is priced at N35 per share for existing shareholders. Read more.
Transcorp Hilton Abuja Lights Up 2025 Christmas Tree
Transcorp Hilton Abuja officially launched the 2025 holiday season with its annual Christmas Tree Lighting Ceremony. The event featured performances, special guests, and unveiled festive packages for guests.
PANDEF Endorses Tinubu's Oil Sector Reforms
The Pan-Niger Delta Forum has endorsed President Tinubu's oil and gas reforms, praising key appointments but calling for greater inclusion of local professionals and expanded environmental cleanup. Read more.
₦2M Grants Disbursed to Emerging Entrepreneurs in Lagos
The Carol & Prince Arheghan Foundation has disbursed ₦2 million in grants to four young entrepreneurs at its 2025 Business Summit in Lagos. The initiative aims to boost grassroots business development and youth empowerment in Nigeria.
Nigeria's Economy to Grow 4.2% in 2026 - Economist
A PwC Nigeria economist forecasts 4.2% economic growth for Nigeria in 2026, driven by reforms and key sectors, but warns of risks like insecurity and inflation. Read the full analysis.
Man's Joy Over Company's December Package of Food Items
A Nigerian employee expresses joy after his company gifts staff 50kg rice, oil, and frozen chicken as a December package. See the reactions online!
Dangote Refinery Slashes Petrol Price to N699, Offers Free Delivery
Dangote Petroleum Refinery announces a N699 per litre gantry price for petrol station owners, with free nationwide delivery and a 10-day credit facility. IPMAN urges members to patronise the refinery.
French Budget Fails, Political Gridlock Worsens
French lawmakers fail to agree on 2026 budget, deepening political crisis. Prime Minister Lecornu faces setback as deficit concerns grow. Read the full analysis.
Otedola Acquires N14.8bn First HoldCo Shares, Stake Hits 18%
Billionaire Femi Otedola consolidates control of First HoldCo, buying N14.8bn shares to raise his ownership stake above 18%. Discover the details of this strategic move.
How Nigeria's Banking Giants Conquered CBN Recapitalisation
An in-depth review of Nigeria's banking recapitalisation exercise. Discover which 16 banks have met the CBN's new capital requirements and the impact on the financial sector. Read the full analysis now.
NNPC Petrol Price List: Abuja N835, Lagos N840, Gombe N965
NNPC releases new petrol prices nationwide ahead of Christmas. Abuja is now the cheapest at N835 per litre, while Gombe is the most expensive at N965. See the full state-by-state breakdown here.
US Visa Ban Threatens Nigeria's $4 Billion Economy
Economists warn Nigeria could lose up to $4 billion in annual remittances due to new US travel restrictions. The ban disrupts business, education, and investment flows.
Africa's Digital Payments Hit $2 Trillion, Nigeria Leads
A new report reveals Africa processed $2 trillion via instant payments in 2024. Nigeria's NIP system is rated highly, but fraud concerns remain a key barrier to wider adoption. Learn more.
Mexican budget airlines Volaris and Viva agree to merge
Volaris and Viva, two leading Mexican low-cost carriers, have agreed to merge, pending 2026 regulatory approval. The deal aims to expand affordable air travel in Mexico amid industry turbulence. Read the full details.
Oracle Stock Volatility Reflects Wall Street's AI Doubts
Oracle shares, a barometer for AI market sentiment, swing wildly amid project financing concerns and a major TikTok deal. Discover the risks and rewards of the AI infrastructure boom.
Nigerians Invest in Dubai Real Estate for High Returns
Experts reveal why Dubai's property market attracts Nigerian investors with 8-9% rental yields, top security, and a tax-free environment. Discover the investment opportunities.
Anambra Communities Lament Destructive Sand Dredging
Aguleri communities in Anambra East decry sand dredgers' destructive activities near Agbanabo Ezu na Omambala riverbank, lamenting the absence of an Environmental Impact Assessment (EIA).
Japan Hikes Interest Rates to Highest Level Since 1995
The Bank of Japan has increased interest rates to a three-decade high of 0.75% to combat persistent inflation, partly driven by soaring rice prices. Get the full details on this major economic shift.
Asian Markets Rise on US Inflation Ease, BoJ in Focus
Asian markets closed higher as softer US inflation data fueled rate cut hopes. Micron's strong earnings eased tech bubble fears. The Bank of Japan's rate decision is key.
$532,828 Grant for Bayelsa Solar Minigrid Project
Shell-funded All On awards a $532,828 grant to Darway Coast Ltd to build a solar hybrid minigrid in Akeddei, Bayelsa. The project aims to connect over 1,000 customers by Q1 2026, boosting clean energy access in the Niger Delta.
Economist Calls for More Farmer Support to Lower Food Prices
Dr. Muda Yusuf urges increased support for farmers with inputs like fertiliser and irrigation to make food affordable. While inflation is easing, prices remain high.
Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
Nike Shares Slump After China Sales Drop 17%
Nike's quarterly profits fell 32% due to weak China sales and US tariffs. CEO promises a 'new approach' to revive the brand. Read the full analysis.
China Taxes Contraceptives as Births Plummet
China will tax condoms and contraceptive drugs from 2026 to encourage childbirth as births fall. Experts warn of risks like unplanned pregnancies. Read more on this policy shift.
Fatal Plane Crash at Statesville Airport, North Carolina
A Cessna Citation crashed while landing at Statesville Regional Airport, resulting in fatalities. FAA is investigating the incident. Get the latest details here.
Controversy Hounds Nigeria's 2026 Tax Reform Implementation
Nigeria's ambitious tax reforms set for January 2026 face fierce opposition over alleged post-passage alterations, constitutional breaches, and public mistrust. Will the promises hold?
Ondo Deep Sea Port Receives Revalidated Licence
Ondo State secures revalidated licence for its deep-sea port, a major hub set to serve Nigeria and West Africa with 18-metre depth for large vessels. Read more.
Makinde opens Omololu Olunloyo relaxation park in Ibadan
Oyo State Governor Seyi Makinde has commissioned the Omololu Olunloyo relaxation park in Ibadan. The facility aims to promote tourism and preserve cultural heritage. Read more about this new landmark.
Customer Threatens Banker Over New Tax Deductions
A Nigerian banker's screenshot of a customer's threatening message over new tax laws has gone viral, sparking reactions online. See the full story and public response.
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