Naira’s Two-Day Rally Continues, Appreciates Against Dollar

  The naira continued its appreciation against the dollar at the foreign exchange market on Tuesday. Accordingly, the naira strengthened further to N1,533.18 against the dollar on Tuesday, from N1,534.21…

Food Price Cut: Nigerian Farmers Cry Foul Over Importation of Rice and Maize

  Nigerian farmers have raised concerns over the takeover of imported rice and maize in the country’s markets at the expense of locally made grains. Farmers expressed their frustration in…

Hundreds of Billions of Naira at Stake as Lagos, Ogun States Face Weeks of Power Outages

  Business owners, banks, and manufacturers are set to lose hundreds of billions of Naira as a 25-day blackout begins in Nigeria’s commercial nerve centre, Lagos State. This comes as…

Nigerian stock exchange sees 77% drop in trading activity as market capitalisation rises

Stock market investors exchanged 3.6 billion shares valued at N112.2 billion in 138,250 transactions on the Nigerian Exchange (NGX) Limited over a five-day trading period. This represents a 77.59 percent…

From Garri to Chips: Cassava Processors Eye Global Market

  Cassava processors in Niger State have been encouraged to diversify their products to include cassava chips for export, given the current high global demand, especially in Europe. Making the…

Aliko Dangote Retires as Chairman of Dangote Cement

  Dangote Cement has announced the retirement of its founder and majority shareholder, Aliko Dangote, as Chairman of the Board. The company’s Group Chief, Branding and Communications Officer, Anthony Chiejina,…

Lagos Ranked 14th Best Nightlife City in the World, 2nd in Africa by Time Out Magazine

Lagos has once again secured global recognition for its vibrant social scene, ranking 14th on Time Out Magazine’s 2025 list of the world’s best nightlife cities, and placing second in…

NAFDAC seals warehouse full of explosive chemicals in Kano

The National Agency for Food and Drug Administration and Control (NAFDAC) has reportedly shut down a warehouse in Kano after finding a large amount of dangerous chemicals that can be…

Nigeria’s Power Sector in Turmoil as Enugu, other States Review Tariffs

  The Federal Government of Nigeria has said that state governments may not have the capacity to carry the burden of electricity subsidies for Band A electricity consumers. Bolaji Tunji,…

Dangote Reveals US as Nigeria’s Largest Crude Importer

  President of Dangote Group, Aliko Dangote, has said that his refinery imports between 9 and 10 million barrels of crude from the United States of America and other countries…