NNPC Completes OB3 River Niger Crossing, Unlocks Gas Flow
NNPC subsidiary NGIC completes the River Niger crossing of the OB3 gas pipeline, unlocking 500 million scf/d of gas supply to boost electricity and industry.
Category : Business
Solar Expert Warns Against Using Blenders with Solar Generators
A solar expert warns that using blenders on portable solar generators can damage them due to high startup wattage. Many users overload systems, causing failures.
FCCPC, NCC Urged to Resolve Airtime Credit Dispute
The FCCPC and NCC have been urged to resolve regulatory disputes affecting Nigeria's airtime credit market, valued at N300-N400 billion annually, impacting businesses and consumers.
Man Enjoys 24/7 Power After Installing 6kVA Solar System
A Nigerian man trends online after installing a 6kVA solar inverter with lithium batteries, achieving 24-hour electricity despite landlord restrictions.
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NIMENA Urges Local Capacity for Maritime Dominance
NIMENA calls for stronger local capacity in Nigeria's maritime sector, emphasizing technical sovereignty, indigenous classification, and the Triple Helix model.
MTN Nigeria profit doubles to N355.5bn on data, fintech
MTN Nigeria's Q1 2026 profit after tax surged to N355.5 billion, driven by 56.2% data revenue growth and 77.9% fintech revenue surge, despite regulatory challenges in digital lending.
Risk Management Basics for African Forex Traders
Learn essential risk management strategies for Forex trading in Africa, including position sizing, stop-loss, and risk-reward ratios.
Apapa LG Chairman Disburses ₦30m in ACREPEGED Phase Two
Apapa LG Chairman Idowu Adejumoke Senbanjo disburses ₦30 million to 300 residents in phase two of ACREPEGED, reaching 600 beneficiaries so far with plans for 4,000.
Africa's AI role underestimated, entrepreneur says
Nigerian entrepreneur Elizabeth Jack-Rich argues that Africa's contribution to the AI economy is underestimated, emphasizing physical infrastructure and resource supply chains over software.
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Petrol Costs Near N1,400/Litre in Nigerian Cities
Petrol prices in Nigeria are nearing N1,400 per litre due to the US-Iran crisis and rising crude oil costs, with Dangote Refinery adjusting prices and supply disruptions worsening the situation.
PlaywithTomide Partners OneDosh for Cross-Border Payments
Gaming content creator PlaywithTomide partners with OneDosh to provide seamless cross-border payment solutions, taking an equity stake in the company.
Obi Cubana at Pastor Jerry Eze's Grant Event in Abuja
Obi Cubana attended Pastor Jerry Eze's foundation grant ceremony in Abuja, sparking speculation about his ties to the City Boy Movement. The event awarded $3,000 each to 240 entrepreneurs.
CBN Releases New FX Rate as Naira Rebounds, Dollar Supply Surges
The Nigerian naira recovers modestly against the US dollar as CBN data shows improved liquidity, with interbank turnover hitting $249.9 million and oil prices rising.
CBN Advises Nigerian Students on Wealth Creation, Money Management
The Central Bank of Nigeria urges secondary school students to prioritize financial literacy, treating money as an investment tool for long-term wealth.
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NGX Targets Market Growth, Shareholders OK N2 Dividend
NGX Group assures shareholders of market deepening, approves N2 dividend and bonus shares at 65th AGM, focusing on innovation and pan-African integration.
German Firms Partner Nigerian Talents for Labour Mobility
German and Nigerian companies strengthen ICT partnership to boost labour mobility, trade ties, and address skilled talent deficit through business matching.
Adesokan Queries Expulsion, Cites Court Ruling
NCAN President Ademola Adesokan questions the legality of his expulsion by former president Ojo Ajanaku, citing a 2019 court judgment that ended Ajanaku's tenure in 2022.
Reps propose 50-year economic plan to end policy flip-flops
Nigeria's House of Representatives introduces a bill for a 50-year National Economic Plan (2026-2076) to enforce policy continuity and boost investor confidence.
African Youth Urged to Lead Innovation-Driven Agriculture
Fludor Ghana director calls on young Africans to drive agriculture innovation at Yale Model African Union Conference in Accra.
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NGX Hits N150 Trillion with N5.5 Trillion Daily Gain
The Nigerian equities market surged past N150 trillion as market cap gained N5.554 trillion in one day, driven by price appreciation in major stocks.
Lagos Power Deals: Decentralised Energy to Boost Economy
Lagos State signs power purchase agreements with three IPPs, aiming to boost economic growth through decentralised electricity generation and efficient PPP delivery.
Okunbo Wins Vanguard Young Entrepreneur Award 2025
Osahon Okunbo, Executive Director of PINL, wins Vanguard Young Entrepreneur of the Year 2025 for contributions to hospitality, oil, agriculture, and arts.
Tinubu Sacks NMDPRA CEO, Nominates Umar as Replacement
President Tinubu removes NMDPRA CEO Saidu Mohammed in public interest, nominates Rabiu Abdullahi Umar as successor pending Senate confirmation.
Nigeria Rev360: NRS Launches Digital Tax Platform
The Nigeria Revenue Service launches Rev360, a digital tax platform ushering in Tax Administration 3.0 to enhance efficiency, transparency, and taxpayer experience.
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NNPCL Crude Price Hike Sparks Oil Glut Concerns
NNPCL increases crude prices by $6.15 per barrel for May, raising fears of a global oil glut. Dangote refinery also hikes petrol price to N1,275 per litre, putting pressure on consumers.
CBN New BVN Rules: Key Changes Effective May 1, 2026
The Central Bank of Nigeria introduces tough BVN regulations from May 1, 2026, including one-time phone number change, one-device rule, and transaction caps to combat fraud.
Petrol Hits N1,330 Per Litre as Dangote Refinery Raises Price
Nigerian depot owners hike petrol prices to over N1,330 per litre following Dangote Refinery's ex-depot increase, driven by global crude surge and geopolitical tensions.
Bauchi, UNICEF Launch $3.5M Plan for Child Malnutrition
Bauchi state and UNICEF, with $3.5M US support, launch a plan to end malnutrition in the first 1,000 days of life, targeting high stunting and anaemia rates.
NSC Board Backs APM Terminals $600M Plan
The Nigerian Shippers' Council board supports APM Terminals' $600 million reinvestment, praising its operational standards and export growth.
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Small-cap stocks surge 417.5% in four months
Five small-cap stocks on the NGX delivered an average year-to-date gain of 417.5%, driven by retail inflows and speculative appetite, with combined market cap rising to N1.63 trillion.
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