Businesses across Lagos and parts of Ogun State are facing a serious economic blow as a 25-day power outage commenced this week, following announcements by Nigeria’s leading electricity distribution companies.…
In a deal that could reshape transatlantic trade dynamics, U.S. President Donald Trump has struck a major economic agreement with the European Union — just days before a self-imposed deadline…
Nigeria’s energy sector is facing heated debate following calls by Africa’s richest man, Aliko Dangote, for the Federal Government to halt the importation of refined fuel. The business mogul urged…
In a landmark move set to redefine the African entertainment space, French media giant Canal+ has finalized a $3 billion deal to acquire MultiChoice Group, the South African pay-TV heavyweight…
The Dangote Petroleum Refinery has achieved a major export milestone, having shipped over 1.3 billion litres of Premium Motor Spirit (PMS) in less than two months. This development signals a…
Real estate has officially surpassed crude oil to become Nigeria’s third-largest economic sector, following the release of rebased Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS).…
A major fire outbreak at Shril-Balaj Industrial Limited in Ibadan, Oyo State, has resulted in the destruction of property worth millions of naira. The incident occurred in the early hours…
As Nigeria’s economy begins to show signs of easing inflation and currency stabilization, all eyes are on the Central Bank of Nigeria (CBN) as its Monetary Policy Committee (MPC) convenes…
The Nigerian naira ended last week on a subdued note, falling to ₦1,532.34 per US dollar at the official foreign exchange market despite efforts by the Central Bank of Nigeria…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has expressed firm support for Aliko Dangote’s recent pledge to reduce the cost of cooking gas, describing the move as a…
The price of land in Eko Atlantic, Lagos’ most exclusive coastal development, has surged past ₦2 billion per plot—marking a dramatic shift in the city’s luxury real estate landscape, according…
Aliko Dangote’s latest effort to reduce the cost of cooking gas in Nigeria has drawn sharp criticism from industry stakeholders, who fear the move could usher in monopolistic control of…
Billionaire industrialist Aliko Dangote has submitted formal plans for the development of what is projected to become Nigeria’s largest and deepest seaport, as part of a broader strategy to expand…
Nigeria’s naira recorded a significant appreciation against the United States dollar at the official foreign exchange market on Monday, just ahead of the national public holiday declared in honour of…
Ride-hailing company Bolt has announced a 42 percent decline in offline trip-related incidents across Nigeria over the last three months, attributing the drop to increased adoption of its in-app safety…
The Dangote Refinery is preparing to stop importing crude oil from the United States and other foreign sources, with a target to rely exclusively on Nigerian crude by the end…
The Central Bank of Nigeria (CBN) has directed all commercial banks currently operating under regulatory forbearance to prepare and submit detailed Capital Restoration Plans. The directive, aimed at reinforcing the…
The Nigerian naira appreciated against the U.S. dollar on Monday, posting gains in both the official foreign exchange window and the parallel market. Data from the Central Bank of Nigeria…
The Naira experienced mixed trading outcomes on Tuesday, depreciating in the parallel market while making modest gains in the official window, highlighting continued volatility in Nigeria’s foreign exchange landscape. In…
Beyond the boxing ring, two-time heavyweight champion Anthony Joshua has been quietly building an impressive business portfolio worth an estimated £150 million. The British athlete’s property investments span some of…
Investors in the Nigerian capital market have added a staggering ₦13.1 trillion in equity value within the first half of 2025, following a sustained market rally powered by sweeping economic…
Hundreds of aggrieved civil servants under the Federal Capital Territory Administration (FCTA) on Monday staged a mass protest at the office of the FCT Minister, Nyesom Wike, demanding immediate payment…
The Nigeria Social Insurance Trust Fund (NSITF) has initiated the disbursement of N172.5 million in compensation to Nigerian workers and families affected by workplace-related injuries and fatalities under the Employees’…