Naira records second straight depreciation against US dollar
The Nigerian Naira continued its slide against the US dollar on Thursday, marking the second day in a row of depreciation in the official foreign exchange market. According to figures from the Central Bank of Nigeria (CBN), the Naira closed at ₦1,498.98 per dollar, weaker than Wednesday’s rate of ₦1,494.03. This represents a daily drop […]
United Capital Losses Six Staffs In Lagos Afriland Towers Inferno
The tragic fire at Afriland Towers on Broad Street, Lagos Island, has now claimed 10 lives. United Capital Plc confirmed on Thursday that six of its staff members died in the inferno, according to News360 Nigeria. This sad news follows an earlier statement from the Federal Inland Revenue Service (FIRS), which revealed that four of […]
Nigerians thrown into darkness as National grid collapses again
Millions of Nigerians were thrown into darkness again on Wednesday, September 10, as the national electricity grid collapsed. Electricity production dropped dramatically from 2,917.83 megawatts to just 1.5 megawatts between 11 a.m. and 12 p.m. Following the failure, the official Nigeria National Grid X account, which provides updates on power supply, confirmed that efforts to […]
Netizens react after X-user described the practice of businessmen opening a shop for their apprentice after years of service as ‘’low-key slavery’’
Nigerians on X (formerly Twitter) have sparked a heated debate after political commentator Theo Abu called the Igbo apprenticeship system “low-key slavery.” This system is where businessmen open small shops for their apprentices after years of service. Theo reacted to a viral video showing an apprentice breaking down in tears as his boss gave him […]
Fuel price: More trouble for Nigerians as FG, NUPENG, Dangote meeting ends in deadlock
The meeting held on Monday between the Federal Government, leaders of the Nigeria Petroleum and Natural Gas Workers (NUPENG), the Dangote Group, and other industry players ended without a solution. The talks were arranged to settle the ongoing disagreement between NUPENG and Dangote Group, but the meeting, which was supposed to start by 3pm on […]
Lagos luxury rentals hit N38m annually as demand soars – Report
Rental prices in Lagos luxury housing have climbed to record levels, with top two-bedroom apartments now renting for as much as N38 million a year, according to Northcourt’s 2025 real estate market report. The study shows that property values at the high end have been rising steadily for more than a year. A one-bedroom luxury […]
FG Targets Over 400K Youths With Accessible Loans As CREDICORP Launches YouthCred In Lagos
The Nigerian Consumer Credit Corporation (CREDICORP) has rolled out the YouthCred program at the NYSC camp in Ipaja, Lagos, after an earlier launch in Abuja. The initiative is part of President Tinubu’s Renewed Hope agenda, aimed at improving access to consumer credit for Nigerians. YouthCred, carrying the slogan “Real Financial Knowledge, Real Credit”, will give […]
Fuel scarcity looms as NUPENG begins nationwide strike Monday
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has announced that its members will embark on a nationwide strike starting Monday, September 8, 2025. The union explained that the move is in protest against alleged anti-labour practices connected to the use of newly imported Compressed Natural Gas (CNG) trucks from Dangote Refinery. In […]
FG suspends land allocations on Islands and Lagoons, orders resubmission
The Federal Government has put a stop to all approved, pending, and planned land allocations, as well as Certificates of Occupancy (C of O), on islands and lagoons. Authorities have instructed that these applications be resubmitted to the Office of the Surveyor-General of the Federation (OSGOF) for proper review and coordination. This action comes after […]
Nigerian government warns against fake Cowbell milk in circulation
The Nigerian government has raised concern over the spread of fake Cowbell “Our Milk” in markets across the country. In a statement released on Friday, the National Agency for Food and Drugs Administration and Control (NAFDAC) confirmed the development through its official website. The agency explained that Promasidor Nigeria Limited, the company that produces and […]