Nigeria-India Trade Boost in Mining and Steel
Indian High Commissioner Amb. Abhishek Singh reaffirms commitment to enhancing bilateral trade with Nigeria, focusing on mining and steel, during a visit to ANRML's $600 million facility in Kaduna.
Category : Business
NB Endorses Igbo 'Nwa Boi' Apprenticeship in Aba
Nigerian Breweries Plc has officially endorsed the traditional Igbo 'Nwa Boi' apprenticeship system through its Life Lager brand, recognizing it as a cultural model for entrepreneurship and economic empowerment in the South East region.
Otedola Shares Meeting Details with Tinubu and Dangote on Economy
Billionaire Femi Otedola disclosed discussions with President Bola Tinubu and Aliko Dangote on Nigeria's economic reforms, expressing optimism about positive outcomes and commending Tinubu's dedication.
Gateway Airport Expansion Plans Unveiled by Governor Abiodun
Ogun State Governor Dapo Abiodun announces major expansion plans for Gateway International Airport, including new facilities and international flights to London, aiming to boost business and tourism.
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Nigeria Wastes 38M Tonnes Food While Millions Go Hungry
Nigeria leads Africa in food waste with 38 million tonnes lost yearly due to poor infrastructure and cultural practices, while 30.6 million face hunger. EU and UNIDO officials warn of environmental and economic impacts.
CBN's New BVN Rules Target Fraud, Effective May 2026
The Central Bank of Nigeria introduces tougher BVN enrolment regulations, including age restrictions and a temporary watchlist system, aiming to reduce identity fraud and enhance digital banking security nationwide.
Luxury Watches as Financial Tools in Nigeria
Pawnshop by Bluradish is transforming luxury watches and designer items into financial assets for Nigerians. Learn how this innovative service provides short-term loans using high-value possessions as collateral without requiring permanent sale.
Man Laments Yam Sold in Pieces at Lagos Market Amid Economic Hardship
A Nigerian man's viral post shows yam tubers cut and sold in pieces at Ile Epo Market in Lagos for N500 each, sparking widespread reactions about the country's economic struggles.
Lagos Govt Prosecutes 45 Tax Defaulters, Full List Emerged
The Lagos State Government has initiated legal proceedings against 45 individuals and companies for alleged tax defaults totaling billions of naira. The defendants face prosecution in the Lagos Revenue Court as authorities urge compliance with tax laws.
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DBN to Hold 9th AGM in Abuja for Shareholder Deliberations
The Development Bank of Nigeria (DBN) Plc has announced its 9th Annual General Meeting set for April 30, 2026, in Abuja. Shareholders will review financial statements, vote on dividends, director re-elections, and key governance matters.
Corridor Truth: Real Conversations Happen After Meetings
Explore why honest discussions in organizations often occur in corridors, not meeting rooms, and the dangers of polite dysfunction that stifle truth and lead to failure.
NAICOM Raises Microinsurance Capital to N3 Billion
The National Insurance Commission has increased the minimum capital for national microinsurance operators to N3 billion, aiming to enhance financial inclusion and trust among low-income populations.
Aviation Sector Ready for Fleet Expansion, Lower Airfares
The Nigerian Civil Aviation Authority announces a surge in aircraft acquisitions, driven by financial backing and government reforms, expected to boost capacity and reduce ticket prices within six months.
Firms Partner to Support SMEs with Co-Working Facilities
IWG and The Alternative Bank have partnered to provide co-working spaces for SMEs, aiming to establish 6-8 new locations yearly to help businesses conserve capital and access financial services.
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Irrigation Crisis Hits Oyo Dry Season Farming, SWOFON Alerts
SWOFON reports that lack of irrigation facilities is severely hindering dry season farming in Oyo State, with women farmers facing high costs and water scarcity, threatening food security.
Jos Electricity Firm, Consumers Clash Over Bills and Glitches
Electricity consumers in Bauchi, Benue, Gombe, and Plateau states under Jos Electricity Distribution Company report illegal debts and vending issues, while the company denies system problems and advises debt resolution.
Only 10.5% of Employed Nigerian Women in Salaried Jobs
A new World Bank gender data report reveals that less than 11% of employed Nigerian women hold wage and salaried jobs, highlighting a significant gender gap in formal employment access compared to men and global averages.
Tax Dominates Federal Revenue as Oil Income Falls 26% in 15 Years
A new report reveals Nigeria's tax revenue has surged over 87% in 15 years, now dominating federal income, while oil revenue declined sharply, reshaping fiscal stability and debt dynamics.
Audit Reveals Billions in Abuse at Union Bank Under Old Management
A forensic audit has uncovered widespread financial misconduct at Union Bank of Nigeria, including fraudulent misappropriation of foreign loans and inappropriate withdrawals of depositors' funds, which threatened the bank's survival before CBN interventio
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NGX Group Rallies African Exchanges for Cross-Border Listings
Nigerian Exchange Group convenes top African exchanges in Lagos to advance cross-border listings, focusing on the Dangote Refinery as a test case for market integration and capital mobilization across the continent.
Oyebanji Unlocks Ekiti Tourism, Assures Community Custodial Rights
Ekiti State Governor Biodun Oyebanji has officially opened the Ugele Rock and Cave to the public, pledging to develop tourism while safeguarding host communities' custodial rights over assets.
GenCos Question FG's N3.3 Trillion Power Sector Debt Calculation
Power Generation Companies have called on President Tinubu to clarify discrepancies in the Federal Government's reported N3.3 trillion power sector debt, stating it doesn't match reconciled industry records.
Leakages, High Costs Hinder Aviation Investment - Expert
Aviation expert Samuel Caulcrick highlights financial leakages, high operating costs, and policy uncertainties as key barriers deterring foreign investment in Nigeria's aviation sector, citing billions lost annually to illicit flows.
Lagos Prosecutes 45 Tax Defaulters for Billions in Liabilities
The Lagos State Government has commenced prosecution of 45 individuals and companies for alleged tax defaults totaling billions of naira, as announced by Attorney-General Lawal Pedro.
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Tinubu to Inaugurate Ojota-Opebi Bridge, Other Lagos Projects
President Bola Tinubu will visit Lagos on April 8-9, 2026, to commission major infrastructure projects, including the Ojota-Opebi Link Bridge, aimed at easing traffic and boosting development. The state government assures minimal disruptions during the ev
Guide to Migrating to MTN XtraSpecial Postpaid
Learn how to migrate to MTN XtraSpecial Postpaid with a step-by-step guide, including USSD codes, in-store activation, and benefits like flat call rates and discounted data plans.
Home Appliance Electricity Use in Nigeria Explained
A detailed analysis of how much electricity home appliances consume in Nigeria, including breakdowns by appliance, tariff bands, and practical tips to reduce bills.
GenCos Ask Tinubu to Clarify N3.3 Trillion Power Sector Debt
Power Generation Companies have requested President Bola Tinubu to explain how the Federal Government calculated the reported N3.3 trillion debt owed to electricity operators, citing discrepancies with reconciled industry records.
Low Investor Confidence Threatens Nigeria's Aviation Sector
Aviation expert Samuel Caulcrick identifies financial leakages, high operating costs, and policy uncertainties as key factors deterring foreign investment in Nigeria's aviation industry, warning of long-term competitiveness risks.
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CBN Deadline for Bank Stress Tests After Recapitalisation
The Central Bank of Nigeria has mandated banks to submit risk-based capital stress test reports by April 30, 2026, shifting focus from capital size to resilience under adverse conditions.
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