The Bank of Japan (BoJ) has raised its key interest rate from 1% to 1.25%. The move takes Japan’s rate to its highest level since 1995. The central bank wants to control rising prices linked to global tensions and the Iran war. Japan now joins the US Federal Reserve and European Central Bank in tightening…
Petrol prices have jumped across Nigeria, with some northern states now selling at ₦1,500 per litre. Major cities are recording prices of about ₦1,430 per litre. The latest increase comes as global oil prices react to the escalating U.S-Iran conflict. As a result, higher crude prices are putting more pressure on Nigeria’s fuel market. The…
Emir of Kano and former CBN Governor, Sanusi Lamido Sanusi, has admitted making a costly policy mistake. He delayed telecom companies from entering Nigeria’s financial services sector. Speaking at the launch of the 2026 Access to Financial Services (A2F) Survey in Abuja, Sanusi explained his decision. At the time, Nigeria had just faced a major…
Zhang Yiming, the founder of ByteDance, has overtaken Gautam Adani as Asia’s richest person. His fortune has now crossed $105 billion, according to Bloomberg. The surge comes as artificial intelligence drives fresh wealth across the tech industry. Zhang, 43, has built most of his wealth through ByteDance, the company behind TikTok. His fortune has grown…
Peter Obi has clarified his billionaire status after a recent interview sparked conversations online. The former Anambra State governor said he is a billionaire when his wealth is measured in naira. However, he stressed that he is not a dollar billionaire. Obi made the clarification during an interview with media personalities Adeola Fayehun and Rudolf…
Nigerian billionaire businessman Aliko Dangote has opened up about having a male heir. The billionaire says having a son is not a priority for him. Dangote made this known during an interview with ARISE News. He was asked if he still hoped to have a son. The 69-year-old businessman said he has left the matter…
Aliko Dangote’s net worth jumps to $51 billion after a new valuation of his refinery, making him the world’s 36th richest person. Dangote’s Wealth Jumps to $51 Billion Africa’s richest man, Aliko Dangote, has added about $20 billion to his fortune. His net worth now stands at $51 billion, according to Forbes. The huge increase…
Aliko Dangote has sparked fresh excitement among investors over the planned Dangote Refinery IPO. The Dangote Industries Limited president said the shares could rise sharply in value. The shares currently sell at N525 each. However, Dangote believes they could eventually hit N10,000. He made the statement during a Hausa interview with Abis Fulani. Google Gemini…
Dangote Petroleum Refinery has raised its petrol gantry price to N1,350 per litre. The new price takes effect from Saturday, September 12, 2026. The latest increase adds N85 to the previous price of N1,265 per litre. It is also the refinery’s fourth petrol price increase since August 21. In just 22 days, the price has…
NCAA fines RwandAir N15 million over an unresolved baggage complaint and orders the airline to replace a damaged bag and pay $170 compensation. The Nigerian Civil Aviation Authority (NCAA) has fined RwandAir N15 million over an unresolved baggage complaint. The airline allegedly failed to settle the passenger’s complaint within the required timeframe. Michael Achimugu, NCAA…
