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Global oil prices plunged over 10% after Iran reopened the Strait of Hormuz, potentially lowering fuel import costs and easing inflation in Nigeria. Brent crude dropped to $88 per barrel, though uncertainty remains as US blockade persists.
A Nigerian woman who installed solar panels in her home has publicly lamented a surprising disadvantage she discovered, sparking discussion about renewable energy realities in the country.
The Financial Reporting Council of Nigeria and NESLAI caution that poor financial management in SMEs limits funding access and slows business expansion, urging improved literacy and accountability.
Engr. Lakunle Runsewe of Stretford Hill Limited emphasizes the shift from mere construction completion to performance-focused infrastructure, as seen in the New NRS Headquarters project in Abuja, commissioned by President Tinubu.
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Dr. Bola Mudasiru, Deputy Chairman of NIHTE, receives international acclaim at Russia's inaugural Transport and Logistics Forum for advancing Africa's role in global transport diplomacy.
The Nigerian Safety Investigation Bureau has introduced a new Conditions of Service framework following its redeployment to the Presidency, aiming to enhance independence and staff welfare.
The FCCPC has refuted claims of banning airtime and data borrowing services, attributing service disruptions to operator compliance decisions under new regulations.
The Federal Competition and Consumer Protection Commission clarifies it has not prohibited airtime borrowing or data advance services, addressing misinformation about telecom regulations.
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, marking a significant step in affordable housing initiatives and intergovernmental collaboration.
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The Central Bank of Nigeria, with FMDA, has launched the Nigerian Overnight Financing Rate (NOFR) as a new benchmark to enhance transparency, monetary policy, and market depth.
Global markets surged as Iran reopened the Strait of Hormuz, easing oil supply fears. Oil prices fell over 10%, while U.S. stocks reached new records amid investor optimism.
Finance Minister Wale Edun announces Nigeria has no plans to seek new IMF loans after fully repaying its $3.4 billion COVID-19 debt. The government will rely on domestic policy reforms despite rising oil prices and inflationary pressures.
New data reveals Nigeria's hotel industry is thriving, with Lagos dominating the rankings with 3,648 hotels, followed by Abuja and Ogun. Southern states lead the hospitality sector, highlighting regional economic and tourism trends.
The Federal Government has begun installing a 1-megawatt solar hybrid power system at Bayero University Kano to address electricity challenges. This follows a previous N5 billion solar project that was damaged by water.
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Oil prices fell sharply after Iran announced the Strait of Hormuz is open for commercial transit during the Lebanon ceasefire, with Brent crude dropping 9.5% and WTI sinking 9.6%.
A Nigerian man who invested N10 million in a salon for his wife shares how electricity costs consumed most profits, forcing him to install solar power to save the business.
Nigeria's aviation sector faces severe pressure as Jet A1 fuel prices surge 300%, prompting government appeals to airlines. With air travel becoming less affordable, road travel to neighboring West African countries emerges as a viable alternative for Nig
Dr. Kola Adesina, Group Managing Director of Sahara Power Group, has been appointed to the Mission 300 Private Sector Council, a high-level initiative by the World Bank, AfDB, and Rockefeller Foundation aiming to provide electricity access to 300 million
The Federal Government has slashed import duties on fully built vehicles from 70% to 40%, aiming to lower car prices and improve transportation access across Nigeria.
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Niger State authorities have arrested two foreign nationals for unauthorized mining activities at the Zuzungi site in Katcha LGA. Commissioner Mohammad Qasim Danjuma emphasized zero-tolerance for illegal mining during a regulatory inspection.
A Nigerian coder installed an 11kVA solar inverter with panels and batteries at a cost exceeding N10 million, sharing his setup after his landlord prohibited roof placement, sparking viral reactions online.
A Nigerian woman vacated her Lagos apartment after her landlord increased the rent by 150% to N3.2 million annually. She relocated to her father's property in Port Harcourt, sparking online discussions about housing affordability.
A Nigerian man installed a 1500VA solar system with 4 panels and a tubular battery in December 2024. He complains it shuts down at 1 AM when voltage drops to 12.4V, sparking online advice on battery and controller issues.
Aliko Dangote plans to list a 10% stake in his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
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Nigeria's UN Ambassador Jimoh Ibrahim states President Tinubu will not reverse economic reforms, citing short-term pains for long-term growth and linking global stability to Iran tensions.
Aviation Minister Festus Keyamo has appealed to domestic airlines to reconsider plans to suspend operations due to soaring Jet A1 fuel prices, warning that fare hikes or shutdowns could harm Nigeria's economy.
The Central Bank of Nigeria has announced that only individuals aged 18 and above can enrol for BVN from May 1, 2026, as part of tighter security measures.
Aliko Dangote plans to list 10% of his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
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The Nigeria Deposit Insurance Corporation has concluded the permanent liquidation of 89 microfinance and primary mortgage banks. Customers must now deal with new institutions that have taken over operations.
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Airtel Nigeria has suspended its airtime and data borrowing services following the implementation of new digital lending regulations by Nigerian authorities, affecting millions of prepaid subscribers nationwide.
