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News
Why cheap land won’t make Lagos, Abuja homes affordable—Developer
20+ hour, 4+ min ago (424+ words) Cheap land on the outskirts of Lagos and Abuja will not necessarily translate to affordable homes because developers still have to absorb infrastructure, construction and financing costs, according to Michael Onyeachor, co-founder of Besitz Group Limited. Onyeachor said this during…...
Why lower vehicle tariffs may not bring imports back to Lagos—Importers
1+ day, 4+ hour ago (562+ words) Nigeria’s decision to cut tariffs and import levies on vehicles may not be enough to return a significant share of vehicle imports to Lagos ports, as industry operators say high clearance costs, port bottlenecks and lengthy processing times remain major…...
Qubators global conference 2026 puts purpose at the heart of technology, innovation and impact
2+ day, 18+ hour ago (196+ words) Qubators Global Conference (QGC ‘26) is set to bring together Christian technology professionals, builders, founders, creatives and innovators from across Africa and around the world for a one-day gathering taking place on Saturday, 17th October 2026 at Cornerstone Event Centre, 33 Olanrewaju Street, off…...
Nigeria’s top 10 foreign trade partners in Q2 2026
3+ day, 19+ hour ago (1342+ words) Nigeria’s foreign trade landscape recorded notable shifts in the second quarter of 2026, with China retaining its long-held position as the country’s largest trading partner, while regional trade within West Africa strengthened significantly, propelling ECOWAS into the third spot among Nigeria’s…...
NAICOM fires back at NICON, Nigeria Re over N100 Billion fraud claims
3+ day, 19+ hour ago (686+ words) The National Insurance Commission (NAICOM) has accused the promoters of NICON Insurance Plc and Nigeria Reinsurance Corporation of sponsoring what it described as a false and malicious publication alleging fraud in the recently concluded insurance industry recapitalisation exercise. The commission…...
Nigerian consumer goods firms are earning less in dollars than before the 2023 reforms
3+ day, 20+ hour ago (559+ words) Nine of Nigeria’s ten largest listed consumer goods companies generated less dollar revenue in 2025 than they did in 2022, the last full year before Nigeria’s foreign exchange reforms, even as their combined naira revenue nearly tripled and all ten delivered real…...
Africa’s 1.3 billion consumers could reshape global growth, Mondelēz says
3+ day, 21+ hour ago (598+ words) Sub-Saharan Africa could become the world’s next major growth engine as its large and youthful population creates expanding opportunities for businesses and economies, according to Mondelēz International, the parent company of Cadbury Nigeria Plc. Hisham Ezz El Arab, Business Unit…...
Mastercard and Busha bring trusted and simpler digital asset transfers to Nigeria
3+ day, 22+ hour ago (244+ words) Mastercard Crypto Credential will now enable all eligible Busha users as verified endpoints, enabling them to send and receive supported digital assets with greater confidence using their email or phone number instead of error-prone blockchain addresses Mastercard has partnered with…...
Police arrest suspect behind fake OPay shutdown report
4+ day, 1+ hour ago (403+ words) The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has arrested a 27-year-old woman, Hafsat Abubakar, over her alleged role in the creation and circulation of a forged document falsely claiming that fintech company OPay was shutting down operations. The suspect…...
Naira slides N11/$ as interbank FX turnover jumps 70% to $94.43 million
4+ day, 3+ hour ago (638+ words) The naira weakened by N11.10 against the US dollar in the interbank foreign exchange market on Wednesday, September 9, closing at N1,334/$, compared with N1,322.90/$ recorded on Tuesday. This is according to data analysed by Nairametrics on Central Bank of Nigeria’s (CBN) website on…...