France Adopts Budget, Suspends Pension Reform
French parliament approves social security budget, suspending the unpopular pension age hike. Prime Minister Lecornu races to finalise the 2026 spending plan. Read the full details.
Category : Business
FG Launches Onion Aid for 600 Sokoto Farmers
The Federal Government, through NADF, has launched an Onion Intervention Programme in Sokoto State to support 600 farmers hit by flooding and climate challenges, aiming to boost food security.
Omogiafo Champions Entrepreneurs as Nigeria's Economic Future
Dr. Owen Omogiafo of Transcorp urged Nigerian entrepreneurs to lead economic transformation at MMC 7.0, highlighting trust, funding, and resilience as keys to success. Read her full vision.
Gas Constraints Cause Power Decline in South-East - EEDC
EEDC blames recent electricity supply decline on gas shortages affecting GenCos, leading to load shedding. The company apologises for the inconvenience and urges customer patience.
CBN Withdraws Licenses of Two Mortgage Banks
The Central Bank of Nigeria has revoked the operating licenses of Aso Savings and Union Homes for regulatory breaches. Discover the full story and what it means for Nigeria's financial sector.
CBN Revokes Bank Licences, NDIC Begins Depositor Payouts
The CBN has revoked the operating licences of Aso Savings and Union Homes. NDIC has commenced verification and payment of insured deposits up to N2 million. Learn how depositors can claim their funds.
VW Stops Production at Historic German Factory
Volkswagen halts production at its Dresden 'Transparent Factory,' marking the first German plant closure in its 88-year history. The site will pivot to AI and chip research. Read more.
CBN Revokes Aso Savings, Union Homes Licences
The Central Bank of Nigeria has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for failing to meet capital requirements. Learn the full details and implications for Nigeria's mortgage sector.
US Jobless Rate Climbs to 4.6%, Highest in Four Years
US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
CSOs Defend NMDPRA Against Dangote's Allegations
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
CBN revokes licences of two mortgage banks
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
Senate Moves to Shield Farmers from Price Collapse
The Nigerian Senate has urged the government to subsidise fertilisers and revive commodity boards to stabilise markets and protect farmers' livelihoods. Read the full story.
NDIC Begins Liquidation of Aso Savings, Union Homes
NDIC starts liquidation of Aso Savings & Union Homes after CBN licence revocation. Depositors to get up to N2m via BVN. Learn the process for claims and payments.
Nigeria Expands SIYB Training to Fight Unemployment
Nigeria's Labour Ministry and the ILO have certified over 25 new SIYB trainers to boost entrepreneurship and tackle unemployment, informality, and underemployment, especially among youth and women.
NDIC Pays Aso Savings, Union Homes Depositors After CBN Revocation
The NDIC has started reimbursing depositors of Aso Savings and Union Homes after the CBN revoked their licenses. Learn how to claim your insured funds up to ₦2m before the deadline.
Women-led Ogun housing project wins Africa sustainability award
Mowe Golf Town, a women-led residential project in Ogun State, has been named Green Sustainable Housing Project of the Year at the 7th Africa Housing Awards in Abuja. The award recognises its eco-friendly design and community impact.
Kushner's $880m Belgrade Hotel Plan Scrapped After Protests
A major hotel project in Belgrade linked to Jared Kushner has been abandoned. Serbia's President blames a 'witch hunt' and corruption allegations for scaring off the investors. Discover the full story.
Female CEO's Bold Steps in Nigeria's Real Estate
Imelda Usoro Olaoye, founder of Thinkmint Nigeria, discusses tackling housing demands with transparency, digital innovation, and community-focused projects. Discover her vision for growth.
Dr Awele Elumelu Named Chair of Transcorp Hotels Board
Transcorp Hotels appoints Dr Awele Elumelu as Board Chair effective 1 Jan 2026. Her healthcare and governance expertise will drive innovation and wellness in hospitality. Read more.
Adoption, Not Development, is Nigeria's Tech Hurdle
Tech experts at Abuja Tech Converge 3.0 identify poor adoption as the primary barrier to technological progress in Nigeria, citing agriculture as a key example. Read more.
SIAO Partners: Navigating Nigeria's Business Challenges
Discover how SIAO Partners, led by Abiodun Ariyibi, provides expert audit, tax, and advisory services to help Nigerian businesses achieve sustainable growth despite regulatory and economic hurdles.
State Airlines Cut Airfares, Offer Relief to Travellers
Nigerian travellers get relief as state-owned airlines like Ibom Air introduce lower fares, reducing costs on secondary routes from N350,000 to around N150,000. Discover how this impacts the economy.
Gas Shortage Causes Major Drop in Nigeria's Power Supply
Nigeria's national grid confirms a sharp drop in electricity supply nationwide due to gas constraints affecting generation companies. Learn the impact and historical context of the power crisis.
Dangote Debunks Trump Feud Rumours, Cites US Crude Supply
Aliko Dangote dismisses rumours of US President Trump's opposition to his refinery, revealing it buys 100 million barrels of crude annually from America. Get the full story.
High Rent in Sokoto Stops Men from Marrying, Ladies Lament
Skyrocketing house rents in Sokoto are forcing young men to postpone marriage, disrupting cultural norms. Single women cry out as affordable homes vanish. Read the full report.
Food Inflation Plunges to 11.08% as Prices Crash
Nigerians rejoice as food prices drop for five consecutive months. Inflation falls to 15.45%, with staples like rice and garri becoming more affordable. Read the full analysis.
FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
Shoeniverse Founder Crafts Dignity in Every Handmade Shoe
Olamide Olatomiwa Olajide built Shoeniverse Leathers from N30,000 to a N12m brand. Her journey redefines skilled labour in Nigeria. Discover how her handcrafted shoes tell a story of pride.
10 Dead in Mexico Plane Crash, 3 Children Among Victims
A private plane crash near Toluca Airport, Mexico, kills 10, including 3 children. The pilot reported engine failure before attempting an emergency landing on a football field. Read the full report.
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