Federal Government Imposes Total Ban on Wood Export
Nigeria bans all wood exports to fight illegal logging. Minister Balarabe Lawal announces the policy, citing environmental protection. Read the full details and implications.
Category : Business
Smartphone Prices Crash as Naira Stabilises, Shipments Grow
Nigeria's smartphone market rebounds as naira stability lowers prices for iPhone, Samsung, Tecno, and others. Shipments rise, making Nigeria a bright spot in Africa's tech story. Read more.
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Ogun Speaker Lauds Dangote for Job Creation
Ogun Speaker Daisi Elemide commended Aliko Dangote for job creation at Dangote Cement's Community Day, where N15.72m scholarships were awarded. He urged other wealthy Nigerians to invest locally to curb 'japa'.
Final 24 Hours for Ellah Lakes' ₦235bn Investment Offer
Ellah Lakes' ₦235 billion share offer closes Dec 19. Invest at ₦12.50/share in Nigeria's integrated agro-industrial transformation before valuation shifts. Act now!
BP Appoints First Female CEO in Historic Move
British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.
Passenger Tried to Open Plane Door Mid-Flight
A passenger on Alaska Airlines Flight 87 attempted to open a cabin door mid-air, leading to restraint by fellow travellers and his arrest. Read the shocking details of the incident.
Nigeria's Debt, Salaries Exceed Revenue in 2025
Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.
Man Confirms Dangote's N739 Fuel Price in Lagos
A Nigerian man shares his experience confirming the new N739 per litre fuel price at an MRS station in Lagos after Dangote's announcement. Read his story and details.
Senate Approves CBN 2026 Exchange Rate, Cuts Oil Price
Nigeria's Senate has approved the CBN's exchange rate projection of N1,512/$ for 2026 and reduced the oil price benchmark to $60 per barrel. Get the full details on the 2026-2028 MTEF framework.
Tax ID Enforcement 2026: 12 Facts for Nigerians
Confused about the Tax ID enforcement starting January 2026? Get the clear facts on who needs it, how to register, and what it means for your bank account. Don't panic, get informed.
Tinubu Nominates Oritsemeyiwa Eyesan as NUPRC CEO
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
Nigerian Business Leaders Meet Zambian President for Investment Talks
Nigerian business leaders, including Stanel's Dr. Stanley Uzochukwu and Flutterwave's Olugbenga Agboola, held talks with Zambian President Hakainde Hichilema to explore strategic investments and regional economic cooperation. Read more.
EU-Mercosur Trade Deal Faces Crucial Vote
A landmark EU-Mercosur trade deal, 20 years in the making, faces a crunch vote. While promising a massive free-trade zone, it sparks fierce protests from European farmers fearing cheap imports. Read the full details.
Asian Markets Sink on AI Bubble Fears, Tracking Wall Street
Asian markets dropped Thursday, mirroring a Wall Street sell-off fueled by fears of an AI investment bubble. Tech giants tumbled as oil prices rose amid Venezuela tensions. Get the latest market analysis.
ECB holds rates steady at 2% as inflation cools
The European Central Bank keeps its key deposit rate at 2% for the fourth consecutive meeting. Analysts scrutinise Lagarde's comments for clues on future monetary policy amid uncertain inflation outlook. Read more.
NECA Hails Suspension of Sachet Alcohol Policy
NECA's DG commends the suspension of the sachet alcohol ban, protecting thousands of jobs and N800bn investment. Read about the policy shift and its economic impact.
ILO Releases New Guidance on Unemployment Protection
The ILO has launched a new brief on building rights-based unemployment protection, linking income security to job creation. Learn how this affects Nigeria's labour market.
Venezuela Faces Deep Crisis as US Tightens Oil Blockade
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
MFM Trains 25 in Fish Farming for Financial Independence
Mountain of Fire and Miracles Ministries trains 25 members in modern fish farming techniques, providing materials for financial empowerment and self-reliance in Lagos.
Nigeria-Central Europe Chamber of Commerce Launched in Abuja
Nigeria and Central Europe launch a new chamber of commerce to deepen trade, investment, and cultural ties. Key figures inducted into Advisory Council. #Nigeria #Trade #Investment
FBRA's Christmas Buyback Recovers 1.8 Tons in Somolu
FBRA's 2025 Christmas Buyback in Somolu mobilised 240+ residents, recovering 1.8 metric tons of recyclables. The initiative boosts Lagos's circular economy and EPR compliance. Read more.
PalmPay's ₦400m Festive Campaign Offers Travel Prizes
PalmPay unveils a ₦400 million festive rewards campaign, offering users cash prizes and all-expense-paid international trips for everyday app transactions. Join the World Travel Carnival from Dec 17 to Jan 8.
IBEDC Blames Outages on Reduced Grid Supply
IBEDC apologises for prolonged power outages in Oyo, Ogun, Osun, and Kwara, citing reduced allocation from the national grid. The company is engaging with TCN for a solution. Read more.
Man Confirms Dangote's N739 Fuel Price, Posts Receipt
A Nigerian man visited an MRS filling station in Victoria Island to verify Dangote's new petrol price of N739 per litre. He shared a video and receipt, showing significant savings. Read his story and public reactions here.
N577bn Pension Disbursement Brings Relief to 1.05M Retirees
Nigeria's PenCom has disbursed N577.26 billion to over 1.05 million Retirement Savings Accounts, clearing major pension arrears. Read how this impacts retirees and the pension system.
Missing Boeing Plane Found After 13 Years, Air India Fined
Air India located a Boeing 737 it lost track of in 2012, parked at Kolkata Airport. The airline paid a massive parking fine of nearly 10 million rupees. Read the full story of this aviation oversight.
Tope Ajala Podcast Guides Nigerian Youth to Prosperity
Tope Ajala's 'Life to a Teee' podcast offers a candid masterclass for Nigerian youth on building wealth, navigating burnout, and redefining success beyond social media glamour. Discover the roadmap.
Unified Land-Use Plan to Curb Urban Chaos, Demolitions
Urban planners propose a unified land-use classification system with 208 subclasses to tackle Nigeria's urban chaos and contentious demolitions. Learn how this framework aims to modernize planning.
Nigeria Not Among World's 30 Most Miserable Nations
Nigeria is excluded from the 2024 list of the world's 30 most miserable countries, per the Okun's Misery Index. Discover what this means for the nation's economy.
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