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Investigation Reveals 23 Damaged Components on Arik Air Flight

March 13, 2026

Nigeria’s air accident investigators said a passenger aircraft operated by Arik Air suffered damage to at least 23 components after an abnormal engine incident during a flight in February. In a preliminary report released on Friday, the Nigerian Safety Investigation Bureau said

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business News·Top Stories

Naira Strengthens Against Dollar In Official Window, Black Market

March 13, 2026

The black market recorded N1,419.83 kobo per $1 as the foreign exchange (FX) rate for the United States dollar (USD) on Thursday, March 12. The USD rate decreased by N6.17 kobo or 0.43 percent from the N1,426 per $1 recorded in the black

Celebrity News·News

Police Launch Investigation After Comedian Broda Shaggi Suffers Gunshot Injury During Skit Filming

March 13, 2026

Authorities have launched an investigation after popular Nigerian comedian and skit maker, Broda Shaggi, was hospitalised following a shooting incident that reportedly occurred while he was filming a comedy skit near the Sango-Ota bridge area in Ogun State. The entertainer, whose real

Why CBN Retained Bencmark Interest Rate At 27.5%

Business News·News·Nigeria

CBN Directs Banks to Deny Debtors New Loans

March 13, 2026

Central Bank of Nigeria has directed commercial banks to deny additional credit and certain banking services to large borrowers with non-performing loans, in a move aimed at strengthening credit discipline and reducing financial risks in the banking system. In a letter dated March 12,

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business News·Top Stories

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

March 13, 2026

The market capitalisation of the Nigerian Exchange (NGX) was N127.36 trillion on Friday, March 13, while the all-share index (ASI) closed at 198,407.3 ASI. Equity investors traded 591.04 million shares in 53,066 deals, valued at N35 billion on Friday. Top five gainers

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

News·Nigeria·Oil & Gas·Top Stories

Dangote Explains Petrol Price Increase to 1,175 Naira Per Litre

March 13, 2026

Dangote Petrochemical Refinery has increased the ex-depot price of petrol to 1,175 naira per litre, reversing a 100-naira reduction announced earlier in the week, as a surge in global crude prices raises refining costs, a refinery official said on Friday. The refinery

Jaiz Bank Generates N29bn From Financing Contracts, N25bn From Investment In H1 2026

Business News·Top Stories

Financing Contracts’ Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

March 13, 2026

Jaiz Bank recorded over N102.07 billion gross earnings in 2025, up by 23.16 percent compared to the N82.87 billion generated in 2024, according to the company’s unaudited financial statements for 2025. In the financial statement, the company announced a N45,91 billion income

Business News·News·Top Stories

UBA Business Series Highlights ‘Gen.W’ as Women Redefine Leadership, Enterprise

March 13, 2026

Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Thursday hosted a new edition of its quarterly Business Series, bringing together female leaders and entrepreneurs to discuss the theme “Gen.W: The Evolved Woman.” The hybrid event, held at the bank’s headquarters

NGX Market Cap Down By N606bn, Traders Seal N50bn Deals

Business News·Top Stories

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

March 12, 2026

The value of the Nigerian Exchange (NGX), also known as the stock market, dropped to N125.75 trillion on Wednesday, March 11, below the N125.85 trillion reported on Tuesday, March 10. The N107.58 billion decrease was driven by a 0.08 percent decline in

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Latest

Investigation Reveals 23 Damaged Components on Arik Air Flight

Naira Strengthens Against Dollar In Official Window, Black Market

Police Launch Investigation After Comedian Broda Shaggi Suffers Gunshot Injury During Skit Filming

CBN Directs Banks to Deny Debtors New Loans

RT Briscoe Tops NGX Losers’ List, Guinness Among Gainers

Dangote Explains Petrol Price Increase to 1,175 Naira Per Litre

Financing Contracts’ Double-Digit Growth Helps Jaiz Bank Survive 353% Surge In Expenses

UBA Business Series Highlights ‘Gen.W’ as Women Redefine Leadership, Enterprise

Over N107bn Wiped Off NGX As UACN, Presco Shares Plunge

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