OPEC+ approves modest oil output increase for November 

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed to a modest oil production increase of 137,000 barrels per day for November, following a consensus between…

NAICOM says over 1.47 million farmers covered under agricultural insurance  

The National Insurance Commission (NAICOM) says more than 1.47 million smallholder farmers across Nigeria are now covered under agricultural insurance schemes, marking a significant milestone in efforts to de-risk the agricultural…

AI strategy: NITDA says Nigeria co-creating framework with innovators, startups 

The National Information Technology Development Agency (NITDA) has said that Nigeria is co-creating its artificial intelligence (AI) governance framework with innovators, startups, and industry stakeholders to ensure responsible and inclusive…

Nigerians need ‘37.6 days’ income to afford a plane ticket – Report  

A new IATA report reveals Nigerians must work an average of 37.6 days to afford a plane ticket despite a 43% drop in real airfares between 2011 and 2023, showing…

Best performing Nigerian stocks for the week ended October 3, 2025 

The Nigerian All-Share Index closed the trading week ended October 3, 2025, on a positive note, gaining 1,451.01 points to settle at 143,584.04, with ETERNA and NIGERIAN ENAMELWARE topping the…

Bitcoin price surges to all-time high above $125,000

Bitcoin hit an all-time high of $125.7K fueled by steady inflows into ETFs during the official US government shutdown. The post Bitcoin price surges to all-time high above $125,000 appeared…

New tax laws provide clarity, not higher burden on crypto traders – Taiwo Oyedele 

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has clarified that income earned from virtual assets, including cryptocurrency, is not newly taxable under Nigeria’s revised tax…

Bitcoin surges to all-time high, crosses $125K 

Bitcoin, the world’s largest cryptocurrency by market capitalization, soared to a new record high on Sunday, trading at $125,245.57 as of 05:12 GMT.   The post Bitcoin surges to all-time high,…

Meet 10 Diasporan Nigerians who have built multimillion dollar businesses 

Across the world’s major financial and innovation hubs, a quiet but profound shift is underway. From New York to London, Lagos to Los Angeles, Nigerian-born entrepreneurs in the diaspora are…

Lagos shuts Itedo Market in Lekki over environmental violations

The Lagos State Government has indefinitely shut down the Itedo Market in Lekki for repeated environmental violations and illegal roadside trading.  The post Lagos shuts Itedo Market in Lekki over…

Business & Economy