Naira Weakens to N1,353/$ at Official Market
The naira depreciated to N1,353.91/$1 at the official market amid falling forex turnover. CBN releases new exchange rates for major currencies.
Category : Business
State Govts Urge Stronger Agricultural Insurance, Leadway Pays N396m
Commissioners from Borno, Plateau, Taraba, Kaduna call for enhanced agricultural insurance. Leadway Assurance disburses N396.7m to smallholder farmers for climate-related losses.
AI Key to Tackling Fraud, Expanding Credit Access
Fintech expert Babatunde Esanju urges Nigerian fintech builders to prioritize AI for fraud prevention and credit expansion, warning current systems fail against evolving threats.
Stock Market Investors Share N2.09trn, Bullish Run Extends
Nigerian stock market extends bullish run, investors gain N2.09 trillion in one day. Unilever Nigeria, UAC, Dangote Sugar lead rally. Access Holdings tops volume, MTN leads value.
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Logistics gaps shape Nigeria's economic future: Ofor
Darlington Ofor highlights how logistics and infrastructure deficits hinder Nigeria's economic diversification and growth, urging stronger public-private collaboration.
Ohanaeze Youths Hail Mbah on Enugu Airport Certification
Ohanaeze Ndigbo Youth Council Worldwide praises Governor Peter Mbah for securing the first international certification for Akanu Ibiam International Airport, Enugu.
Logistics, infrastructure gaps shape Nigeria economic future
Darlington Nnabugo Ofor highlights logistics as a critical pillar for Nigeria's economic growth, citing infrastructure gaps and supply chain inefficiencies that constrain productivity across industries.
FG, Oil Marketers in Talks Over Jet A1 Price Hike
The Federal Government has started talks with oil marketers and airlines over rising Jet A1 costs, as carriers threaten to suspend operations or hike fares within days.
Nigeria, Malaysia Customs Lack Legal Framework for Trade
Nigeria and Malaysia customs acknowledge absence of formal legal framework for bilateral cooperation despite growing trade, aiming for WCO Mutual Recognition Agreement.
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Dangote Offers to Build East Africa Mega Refinery
East African nations plan a joint refinery in Tanga to process regional crude and cut imports. Aliko Dangote signals readiness to lead investment, aiming for completion in 4-5 years.
MTN to Credit Airtime for Network Disruptions Following NCC Directive
MTN Nigeria will compensate affected subscribers with airtime for network disruptions in November, December, and January, following an NCC directive.
CBN Caps Transfer and ATM Fees in New 2026 Banking Guidelines
The Central Bank of Nigeria releases draft guidelines capping transfer and ATM fees, enhancing transparency and promoting digital payments.
Soueast Enters Nigeria, Plans Local Assembly by August
Soueast launches in Nigeria via Kewalram Chanrai Group, unveiling four SUV models. Local assembly of S06 and S07 begins August, backed by five-year warranty.
SOMEA to Honor Hidden Giants of Solid Minerals Sector
The Solid Minerals Excellence Awards (SOMEA) will take place on May 14, 2026 in Abuja, honoring key players in Nigeria's solid minerals sector, with Minister Dele Alake endorsing the event.
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Mini-grid models achieve 95% connectivity boost
REA MD Abba Aliyu says interconnected mini-grids increase customer connections by over 95% and boost productive energy use, emphasizing collaboration for sustainable electrification.
Bird Strikes: A Financial Drain for Nigerian Airlines
Rising bird strike incidents at Nigerian airports cost airlines billions annually, causing operational disruptions and safety concerns. Experts call for better data and wildlife management.
Oyedele warns against abrupt policy reversal
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
Dangote supplies 95% of Nigeria's Jet A1, exports 1.1bn litres
AON says Dangote Refinery supplies over 95% of Nigeria's Jet A1 and exported 1.1 billion litres to Europe, as Africa faces fuel shortfall.
FG rallies PPPs for trillion-dollar economy goal
Vice President Kashim Shettima calls for aggressive public-private partnerships to unlock national assets and attract global capital for Nigeria's economic development.
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Providus Bank Opens New Branch in Ado-Ekiti
Providus Bank has opened a new branch in Ado-Ekiti, expanding its footprint in key growth markets as part of a 12-month national expansion plan.
Northern Leaders Applaud Dangote's Time 2026 Mention
Business leaders across Northern Nigeria praise Aliko Dangote for being the only Nigerian on Time's 2026 list of 100 most influential people, highlighting his economic and philanthropic impact.
Coscharis Motors Offers Up to 10% Discount on Select Vehicles
Coscharis Motors Plc launches Easter promo with up to 10% discount on BMW, Land Rover, Ford, Renault, Geely and Grenadier, plus extended warranty and flexible financing.
Surulere Council Empowers 304 Residents with Cash Grants
Surulere Council distributed cash grants and business equipment to 304 residents at its 2026 Empowerment Programme, boosting local entrepreneurship.
BoI Needs Recapitalisation for Aviation Sector Support
Samuel Caulcrick urges structural reforms and recapitalisation of the Bank of Industry to provide affordable loans for Nigerian airlines facing financial crisis.
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FG waives SONCAP default fees, importers pay N1,000
Federal Government introduces temporary SONCAP default arrangement, waiving fees and charging N1,000 administrative fee to ease PAAR processing on NSW platform.
Enoh Seeks Full Operation of Sugar Institute
Minister of State for Industry, John Owan Enoh, urges full operation of Nigeria Sugar Institute to boost capacity and innovation in the sugar sector.
Rhetoric, Numbers, and Reality in Poverty Statistics
A professor critiques an article on Nigeria's poverty statistics, arguing that reforms cause short-term hardship but are necessary for long-term stability and growth.
New crypto regulation framework proposed by VASPA in Nigeria
VASPA launches Project Green-White-Green to regulate crypto, link spreads to NAFEM rates, and propose $92b annual tax revenue potential.
Cartoon: Nigeria's Economic Struggles and Daily Life
A cartoon highlighting the harsh economic realities faced by Nigerians, including inflation, unemployment, and the struggle to make ends meet.
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Nigeria Seeks Review of Hajj Airlift Terms in Saudi Talks
Nigeria's aviation minister Festus Keyamo meets Saudi officials to review air service agreements for improved Hajj operations ahead of 2026 pilgrimage.
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