5 h. ago Lagos worst hit as Nigeria loses over N30bn to 42 market fires

• Stakeholders call for policy overhaul, improved safety systems   By Chinelo Obogo Between January 2023 and April 2025, at least 42 market fires ravaged major commercial hubs across 11 states in Nigeria. This led to the destruction of goods and property worth more than ₦30 billion. According to findings by Daily Sun, Lagos State […] The post Lagos worst hit as Nigeria loses over N30bn to 42 market fires appeared first on The Sun Nigeria.

Events

29 h. ago CBN to remit 80% profit as financial instruments hit 24.27trn

…Says currency printing, related costs gulp ₦238m By Chinwendu Obienyi In what may be turned a complete rebound from last year’s dismal performance, the Central Bank of Nigeria (CBN) has announced that it will remit 80 per cent of its 2024 profit to the Federal Government in line with the Fiscal Responsibility Act 2011. The […] The post CBN to remit 80% profit as financial instruments hit 24.27trn appeared first on The Sun Nigeria.

Politics

4 d. ago Skales Reflects On Fresh Start As Hit Song “Shake Body” Gains Global Popularity

Nigerian musician Skales is relishing a career boost as his 10-year-old hit song “Shake Body” makes a notable return to the spotlight. The unexpected resurgence of the song is attributed to Barcelona’s emerging talent, Lamine Yamal, who was filmed dancing to “Shake Body” in a viral video, sparking renewed global interest in the track. In […] The post Skales Reflects On Fresh Start As Hit Song “Shake Body” Gains Global Popularity appeared first on Information Nigeria.

Politics

5 d. ago Fire ravages popular terminus market in Jos in midnight blaze

A devastating fire outbreak engulfed the popular Terminus Market in Jos, Plateau State, around 1:00 a.m. on Wednesday, destroying property read more Fire ravages popular terminus market in Jos in midnight blaze

Politics

9 d. ago Nigeria’s power crisis deepens as Geregu, Transcorp gas debts hit N216bn

Nigeria’s persistent power sector woes are worsening, with fresh data showing that Geregu and Transcorp Power now owe gas suppliers read more Nigeria’s power crisis deepens as Geregu, Transcorp gas debts hit N216bn

Events

1 week ago Nigeria’s stock deals hit N2.23trn in 3 months on foreigners block trades

In three months to March, stock traders on Nigerian Exchange Limited (NGX) traded equities valued at N2.23trillion. Specifically, there was read more Nigeria’s stock deals hit N2.23trn in 3 months on foreigners block trades

Politics

2 w. ago Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025

Fitch, a global rating agency, has projected that Nigeria’s external debt service bill will increase to $5.2 billion this year. read more Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025

Politics

2 w. ago Nigeria’s economic crisis worsens as food inflation soars to 21.79% in March

Oyo, Kaduna, Kebbi worst hit By Chinelo Obogo Nigeria’s cost of living crisis worsened in March 2025 as food inflation surged to 21.79 percent year on year, the National Bureau of Statistics (NBS) has said. In a report released today, the NBS said the inflation is caused by the hike in price of essential staples […] The post Nigeria’s economic crisis worsens as food inflation soars to 21.79% in March -NBS appeared first on The Sun Nigeria.

Economics

3 w. ago Nigeria’s oil reserves hit 37.28n barrels, gas reserves reach 210.54 TCF – NUPRC

From Adanna Nnamani, Abuja Nigeria’s total proven and probable (2P) crude oil, condensate, and gas reserves as at January 1, 2025, have been pegged at 37.28 billion barrels and 210.54 trillion cubic feet (TCF) respectively. This was according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The figures, contained in a […] The post Nigeria’s oil reserves hit 37.28n barrels, gas reserves reach 210.54 TCF – NUPRC appeared first on The Sun Nigeria.

Politics

3 w. ago Nigeria’s gas reserves hit record 210.5trn cubic feet, to last 93 years

Nigeria’s crude oil and gas reserves have hit a record high of 37.24 billion barrels and 210.5 trillion cubic feet, read more Nigeria’s gas reserves hit record 210.5trn cubic feet, to last 93 years- NUPRC

Politics

3 w. ago Nigeria’s Gas Reserves Hit Record 210.5trn Cubic Feet, To Last 93 Years — NUPRC

Nigeria’s crude oil and gas reserves have hit a record high of 37.24 billion barrels and 210.5 trillion cubic feet, according to the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe. The development comes amidst efforts by the commission to raise reserves as encapsulated in the Petroleum Industry Act, […]

Politics

3 w. ago Properties Destroyed As Fire Razes 12 Shops In Ibadan Market

Some properties worth millions of naira have been destroyed, following a fire outbreak which occurred at Araromi Market, Agodi gate, Ibadan, Oyo State. It was gathered that the inferno, which erupted  around 10.pm on Thursday, destroyed 12 shops belonging to traders in the area. In a statement on Friday by Yemi Akinyinka, General Manager of the […] The post Properties Destroyed As Fire Razes 12 Shops In Ibadan Market appeared first on Information Nigeria.

Politics

3 w. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

3 w. ago Properties Worth Millions Of Naira Destroyed As Fire Guts 55 Shops In Zamfara Market

At least 55 shops belonging to traders have been destroyed in a fire outbreak which occurred at a Zamfara Central Market. It was gathered that some properties worth millions of naira were completely razed down by the inferno on Tuesday. Chairman of the affected section, Alhaji Sa’adu Dahiru, confirmed the scale of the destruction and […] The post Properties Worth Millions Of Naira Destroyed As Fire Guts 55 Shops In Zamfara Market appeared first on Information Nigeria.

Politics

3 w. ago 2 Unmistakable Signs This Crypto is This Bull Market’s Dogecoin (DOGE)

  For a long time, Dogecoin has been considered the face of meme coins, surpassing expectations after growing from a silly idea to a billion-dollar asset. But every bull market has its star—a coin that catches fire and delivers life-changing gains. Rexas Finance (RXS) seems to be the coin that exhibited the same explosive potential Read More

Politics

3 w. ago France’s Cognac eyes Nigeria as Trump tariffs hit the wine industry

As Trump’s tariffs deepen crisis for France’s $3 billion cognac industry, Christophe Fillioux’s family estate in the cognac region of read more France’s Cognac eyes Nigeria as Trump tariffs hit the wine industry

Politics

4 w. ago Burna Boy, Tyla Lead As African Artists Earned $58m On Spotify In 2024

Nigeria and South Africa’s music industries hit new heights in 2024, earning a combined $58 million in royalties from Spotify alone, according to the streaming giant’s latest report. Spotify, in a statement released on Thursday, revealed that African music genres—particularly Nigeria’s Afrobeats and South Africa’s Amapiano—have seen “extraordinary growth across Sub-Saharan Africa’s music industries,” with […]

Politics