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  • 26th July 2026

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Nigerians may face rice, tomato scarcity within three months

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Energy

Marketers clash over price as cooking gas demand falls by 38%

National cooking gas demand has dropped by 38 per cent, according to the Nigerian Association of Liquefied Petroleum Gas Marketers. The revelation came on the heels of clamours by a group of experts on Tuesday that demand for Liquefied Natural Gas, popularly known as cooking gas, had dropped to a record low across the country. […]

Flights to South-South most expensive - NBS
News

Lagos runway repairs delayed, flights diverted to Ghana, others

There was pandemonium at the Murtala Muhammed Airport, Lagos on Saturday night as a seven-hour closure of the international runway for repairs later turned to a total closure of the Lagos airspace for several hours due to unexpected delays in the rehabilitation work on the Runway 18R. The seven-hour closure of the Runway 18R ( […]

Economy

Experts warn Nigeria as World Bank predicts global recession

Economic and financial experts have warned that Nigeria could face serious economic consequences if the global economy contracts into a recession, as predicted by the World Bank. The President of the World Bank Group, David Malpass, told a United States business event on Wednesday that it was difficult to “see how we avoid a recession.” […]

100% cashless economy possible in Nigeria - Emefiele
Economy

CBN loans to farmers hit N1tn amid high default rate

The total amount disbursed under the Anchor Borrowers Programme of the CBN rose to N1.01tn as of the end of April. Figures obtained from the CBN’s reports from members of its Monetary Policy Committee said, “Between January and February 2022, the bank disbursed N29.67bn under the Anchor Borrowers’ Programme for the procurement of inputs and […]

X to offer paid users xAI chatbot - Musk
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Elon Musk’s Starlink to operate in Nigeria

Elon Musk, the billionaire tech entrepreneur, has announced that his satellite Internet service, Starlink, has been granted approval to begin operations in Nigeria. Musk made this known via his Twitter account on Friday, stating that Starlink had been licensed to operate in Nigeria and Mozambique. “Starlink approved by Nigeria and Mozambique,” he simply wrote. This […]

Investment

How to identify quacks in real estate – Expert

In this interview, the  Chief Executive Officer, ElanOrris, Ayobami Alo, speaks on how to identify quacks in the real estate industry and the government’s role in advancing the sector The housing industry challenge is enormous and traverses the building materials and mortgage services, what is your advice on how to better the sector? The major […]

News

Petroleum fund shortlists 8,800 for overseas scholarships

The Petroleum Technology Development Fund has shortlisted 8,800 applicants from 26,000 who applied for its overseas scholarship programme. This was disclosed on Monday by the Manager, Overseas Scholarship, PTDF, Bello Mustapha, during interview sessions of the shortlisted applicants in Abuja. The scheme is an annual scholarship programme where qualified applicants are sponsored for Msc and […]

X to offer paid users xAI chatbot - Musk
News

Twitter shareholders sue Elon Musk for ‘unlawful conduct’

Shareholders of social media giant, Twitter, have filed a lawsuit against Elon Musk on grounds of “unlawful conduct” aimed at sowing doubt about his intention to finalise the acquisition deal on the company. According to ABC News, the lawsuit filed late Wednesday in the U.S. District Court for the Northern District of California claims the […]

Aviation

Grounded multimillion-dollar plane sold as scrap, towed to Oyo

An Airbus A320 jet belonging to First Nation has been sold as scrap to a yet-to-be-identified buyer, findings have shown. The development came about four years after the carrier grounded its operations for technical reasons. The buyer of the disused plane has consequently towed the equipment to a town in Oyo where it will be […]

Economy

Insecurity, naira devaluation drive wheat imports to N1.3tn

Importation of durum or pasta wheat into Nigeria has continued to skyrocket, rising from N730.9 billion in 2020 to N1.295 trillion in 2021. Calculations from the National Bureau of Statistics Foreign Trade Statistics showed that wheat importation into Africa’s most populous nation rose 77.23 per cent from 2020 to 2021. Wheat is an important commodity […]

Economy

Food prices surge by 42% in 12 months –NBS

Selected food prices recorded an increase of 42 per cent in one year, figures by the National Bureau of Statistics have shown. A new report titled “Selected Food Price Watch for the month of April 2022” showed that the average price of 1kg of beans (white, black eye, sold loose) rose on a year-on-year basis […]

News

Dangote, Innoson, others emerge winners at Brand Africa award

Dangote, Innoson, MTN, and DSTV were among 100 companies that bagged outstanding awards at the 2022 edition of the Brand Africa Award ceremony on Wednesday. Brand Africa is a non-profit intergenerational organisation that inspires a brand-led African renaissance to transform the continent’s image, by driving Africa’s competitiveness, connecting Africa, and creating a positive image of […]

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