The Central Bank of Nigeria assures customers that Union Bank, Providus, and three other lenders remain stable despite failing to meet the March 2026 recapitalisation deadline, citing ongoing legal and regulatory processes.
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Nigeria's domestic debt has surged to ₦80.49 trillion following a ₦100 billion borrowing from unclaimed private funds, signaling growing fiscal pressure and a shift toward unconventional financing sources under the Finance Act 2020.
Nigeria loses $250 billion annually from poor waste management, but a new initiative led by Amb. Dr. Ekpoye Promise Nakus aims to convert this crisis into wealth through recycling plants and job creation.
Olugbenga Agboola, CEO of Flutterwave, has been named to Endeavor's prestigious Outlier Class of 2026 for the sixth consecutive year, recognizing his leadership in solving payment challenges across Africa and emerging markets.
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The Transmission Company of Nigeria has upgraded the Apapa Road substation, increasing capacity from 60 MVA to 180 MVA to improve electricity for communities like Apapa Causeway and Tin Can.
Nigerian Exchange Group CEO Temi Popoola states that Nigeria's capital markets are establishing credibility as a viable exit route for institutional investors, citing recent reforms and transactions that improve market function and capital mobility.
Apple announces Tim Cook's transition to executive chairman after 15 years as CEO, with hardware engineering head John Ternus set to succeed him effective September 1, 2026.
Nigerian petroleum depot operators have kept petrol prices stable despite rising global crude oil costs, while cooking gas prices increased significantly in Lagos markets.
Sir Uyi Ogbebor, CEO of Vaniti Lagos, has issued a strong rebuttal to allegations of serving fake drinks, emphasizing his business's economic impact and apolitical stance.
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Nigeria imported 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting a growing dependence on foreign feedstock even as the country remains one of Africa's top crude exporters.
New mini-grid regulations in Nigeria increase project capacity limits to 5MW, shifting from rural stopgaps to mainstream infrastructure. However, regulatory overlaps at state levels could undermine investment and implementation gains.
GCR Ratings has elevated Coronation Group Limited's national-scale long and short-term issuer ratings to A and A1, respectively, from previous BBB+ and A2, citing improvements in capitalisation, earnings, and risk management.
Aliko Dangote emphasizes infrastructure development and job creation as essential for Africa's economic transformation during IMF-World Bank meetings in Washington.
The Joint Revenue Board and Nigerian Police Force announce a strategic partnership to eliminate illegal tax collection and dismantle unauthorized roadblocks nationwide, aiming to enhance revenue transparency and reduce costs for citizens.
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The House of Representatives Committee on Shipping Services has directed the Nigerian Shippers’ Council, Nigerian Ports Authority, and Nigeria Customs Service to address tariff hike crises in port services and conclude within three weeks.
The Pension Fund Operators Association of Nigeria (PenOp) has appointed Anthonia Okoro as its new Chief Executive Officer to enhance operational efficiency and performance in Nigeria's pension sector.
A major dispute over debts owed to power generation companies has exposed deep systemic failures in Nigeria's electricity market, with government estimates of N3.3 trillion clashing with industry claims of nearly N6 trillion in outstanding obligations.
Analysis of Nigeria's economic and strategic weaknesses amid global conflicts, highlighting reliance on oil, food imports, and lack of industrial capacity, with comparisons to historical and contemporary nations.
Finance Minister Wale Edun asserts that Nigeria's economic reforms under President Tinubu are transitioning the country from vulnerability to a stable, growth-oriented path, as discussed at the World Bank-IMF Spring Meetings.
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A deep dive into how organizational cultures that prioritize deference over dialogue can silently sabotage strategy execution, leading to incomplete plans and delayed corrections.
Global oil prices rebounded sharply Monday after Iran re-closed the vital Strait of Hormuz, citing a U.S. blockade of its ports. The move reversed Friday's gains and heightened tensions despite ongoing ceasefire talks.
Chief Economist Paul Alaje expresses worry over reports of unbudgeted government expenditures, emphasizing risks to fiscal discipline and transparency amid World Bank data controversy.
Air Peace and Turkish Airlines have activated a bilateral interline agreement, enhancing connectivity between Nigeria, West Africa, and global markets through seamless travel options.
The Catherine Ade Foundation provided food items to more than 200 women and children in Abuja's Jahi II Community, including rice, oil, and refreshments, to support families facing economic pressures.
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Five major Nigerian companies in brewing and telecom sectors surged 202% in market cap to N33.29 trillion, rebounding from FX losses with improved 2025 results due to naira stability.
Apple announces CEO Tim Cook will step down after leading the company to a $4 trillion valuation. John Ternus, senior VP of hardware engineering, will become CEO on September 1, with Cook transitioning to executive chairman.
Explore the complexities of family income in Nigeria, including average earnings, income brackets, and practical steps to assess household economic status in Africa's largest economy.
A safety expert has issued a crucial warning to solar energy users in Nigeria, highlighting two common installation and maintenance errors that significantly increase the risk of fire outbreaks in homes and businesses.
Vaseline partners with Prince Chris Okagbue to launch a WhatsApp-based authentication tool, empowering Nigerian consumers to verify genuine Vaseline Body Oils and combat counterfeit skincare products.
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Wema Bank has successfully met and exceeded the Central Bank of Nigeria's recapitalisation threshold, raising its qualifying capital to N264.7 billion through a N150 billion rights issue and N50 billion special placement, reinforcing its position as a nat
