EU slams Temu with $232m fine over illegal products
The European Union has fined Chinese-owned online retail platform Temu €200 million ($232 million) for allegedly allowing the sale of illegal and unsafe products across its marketplace. EU regulators announced…
Guinness Nigeria tops ₦1tn market value
Guinness Nigeria PLC has crossed the ₦1 trillion market capitalisation threshold on the Nigerian Exchange, marking a major milestone that reflects growing investor confidence and sustained value creation. As of…
Tinubu extends ban on raw shea nut export by one year
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, reinforcing his administration’s push for local processing and value addition in the…
Anambra shuts Nnewi market for one week over sit-at-home
The Anambra State Government has ordered the temporary closure of the New Auto Spare Parts Association (NASPA) Market at Nkwo Nnewi over continued compliance with the Monday sit-at-home directive in…
Onitsha main market reopens as traders defy sit-at-home order
Business activities have resumed at the Onitsha Main Market following compliance by traders with a directive issued by Anambra State Governor, Chukwuma Soludo. The governor had ordered the closure of…
Anambra traders pledge end to Monday sit-at-home
Traders at the Onitsha Main Market and other markets across Anambra State have pledged to put an end to the long-running Monday sit-at-home, declaring their readiness to resume full commercial…
Nigeria, UAE to co-host Investopia in Lagos, seal major trade pact
President Bola Tinubu has announced that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, as part of efforts to attract global investors and boost…
Jumia celebrates 13 years of e-commerce innovation, impact in Nigeria
Jumia, Africa’s leading e-commerce platform, proudly marks 13 years of transforming the shopping experience for Nigerians. Since its launch in 2012, Jumia has transcended its initial role as an online…
BUA chairman Rabiu vows to lower rice prices despite hoarding concerns
Abdul Samad Rabiu, the chairman of BUA Group, has pledged to significantly reduce rice prices in Nigeria, cautioning that individuals or companies hoarding the commodity will face financial losses. His…
NNPC begins assessment of potential partners ahead of stock exchange listing
The Nigerian National Petroleum Company (NNPC) Limited has commenced the evaluation of potential partners in preparation for its Initial Public Offering (IPO) on the Nigerian Stock Exchange. This move is…