Petrol Landing Cost Crashes to N800 Per Litre
Fresh data shows petrol landing cost fell to N800 per litre due to lower crude prices, but pump prices remain above N900. Dangote Refinery challenges imports.
Category : Business
Africa Aims to Make Intellectual Property an Economic Engine
Intellectual property experts from across Africa will meet in Nairobi to strategize on leveraging IP for trade, industrialization, and creative economy growth under the AfCFTA.
Eid: Dutse Residents Groan Over Soaring Ram Prices
Two days to Sallah, Dutse residents lament high ram and cow prices, with big-sized rams costing up to N700,000 and bulls up to N1.7 million.
Ferrari Unveils First Electric Car Luce Priced at $640k
Ferrari has unveiled its first fully electric car, the Luce, priced at $640,000. The luxury EV features four electric motors, over 1,000 horsepower, and a 500km range.
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Airtime Lending Returns as FCCPC Suspends Regulations
Airtel and Glo restore emergency airtime lending after FCCPC suspends DEON Regulations 2025 following a court order. Millions of subscribers relieved as legal battle continues.
FG urged to curb imported vegetable oil influx for industry
Chief Okey Ikoro calls on FG to enforce fiscal policy against smuggled vegetable oil, urging Customs, NAFDAC, and SON to act.
Jeroid Celebrates 9 Years of Growth and Innovation
Jeroid celebrates nine years of growth, innovation, and community impact, evolving from a small crypto venture into a leading digital finance platform in Nigeria.
Author decries barriers to youth career growth, entrepreneurship
Ismail Sogbade launches 'The Set-Piece Strategy' to help Nigerian youths overcome career uncertainty, business bottlenecks, and workplace challenges.
Smartcomply Group Enters UK Market with AI Compliance
Smartcomply, an African compliance and cybersecurity firm, launches in the UK with its AI-powered AML platform Adhere, targeting UK fintechs serving African corridors to reduce de-risking and high remittance costs.
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Private Depots Cut Petrol Price Below Dangote Refinery
Private depots in Nigeria reduce petrol prices below Dangote Refinery's gantry rate as global crude oil prices fall, offering cheaper options for buyers.
Ghana Lifts Visa Requirement for African Nations, Introduces E-Visa
Ghana introduces visa-free travel for all African passport holders and launches a digital E-Visa platform to boost regional integration, trade, and tourism.
Airtel, Glo Restart Airtime Loans as FCCPC Halts Regulations
Airtel and Glo have restarted airtime and data lending services after FCCPC suspended controversial regulations. Millions of Nigerians regain access to emergency credit.
Bank Subsidises Ram Sales for Eid, Residents Buy for N20,000
LOTUS Bank launches subsidised ram sales ahead of Eid-el-Kabir, with residents buying rams for N20,000 amid rising food inflation in Nigeria.
Chelsea Faces Massive Financial Loss After Missing UCL
Chelsea's failure to qualify for the UEFA Champions League will cost them over £100 million, impacting transfer plans and sponsorship deals.
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Cooking Gas Prices Surge Across Major Nigerian Cities
Cooking gas prices in Nigeria have surged to N2,000 per kg in some areas amid supply shortages. Experts warn of threats to clean energy goals and food inflation.
Signature Bank 2025 Profit Hits ₦3.59 Billion
Signature Bank reports strong 2025 performance with profit after tax rising to ₦3.59bn, gross earnings up 94.5%, and improved cost-to-income ratio.
CBN Injects N9.71 Trillion, Naira Gains N19.67 in April
The naira appreciated 1.42% in April 2026 as CBN issued N9.71 trillion in OMO bills to stabilize the FX market and curb inflation.
DSO to Unlock N605bn Revenue, Generate Over $1bn
The Federal Government announces that Nigeria's Digital Switch-Over will unlock N605.2 billion in advertising revenue and generate over $1 billion from spectrum auctions, with a nationwide rollout set for June 17, 2026.
Nigeria Signs MoU with Türkiye for Solid Minerals, Partners China on CNG and EV
Nigeria and Türkiye sign an MoU to boost solid minerals cooperation. The Federal Government also partners with Chinese firm NPT to manufacture CNG and EV infrastructure locally.
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Nigeria GDP Up 3.89% in Q1 2026, Electricity Falls 15.3%
Nigeria's economy grew 3.89% in Q1 2026, driven by telecoms, finance, trade and agriculture, while electricity sector shrank 15.3% and oil production declined.
Energy security priority over rapid transition, says Oando CEO
Oando CEO Wale Tinubu says global energy security concerns and economic pressures are prioritising hydrocarbon supply over rapid energy transition, with demand rising in developing nations.
AON Debunks NCAA Indebtedness, Seeks End to 5% TSC
The Airline Operators of Nigeria denies owing NCAA, insists regulatory fees are paid upfront. They call for an end to airlines collecting the 5% Ticket Sales Charge, urging direct passenger collection.
Maritime lawyers demand legal framework for NSW project
The Nigerian Maritime Law Association calls for a standalone act to back the National Single Window project, warning that delays and lack of legislation are hurting port efficiency and revenue.
Dangote Refinery Cuts Nigeria's Fuel Imports, Boosts Forex
The Dangote Refinery is reshaping Nigeria's oil sector, reducing fuel import dependence and strengthening the economy, per the EIU.
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LSETF Partners Equip 300 Youths with Skills at Job Fair
LSETF, King's Trust International, and Field of Skills and Dreams partner to equip 300 young Lagosians with employability skills and connect them to jobs at Get Hired Recruitment Fair.
ADFD Monitors Infrastructure Projects in Nigeria, Others
The Abu Dhabi Fund for Development tracks progress on key road projects in Nigeria, Togo, and Madagascar, with completion rates of 45%, 92%, and 80% respectively.
Local Content as Engines of Development
Local content policies transform infant industries into durable growth pillars by embedding value, building skills, reducing dependency, and securing social legitimacy.
Airlines need FG intervention to avoid financial strain
Experts warn that Nigeria's aviation industry faces worsening financial strain unless the Federal Government intervenes on high Jet A1 prices, with fuel costs consuming 70% of airline expenses.
Nigerian Navy Hosts 1,500 for 70th Anniversary
The Nigerian Navy onboarded 1,500 Nigerians for a sailing event in Lagos as part of its 70th anniversary celebrations, showcasing naval capabilities and public engagement.
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Domestic Investors Boost Stock Market to N1.8 Trillion
Domestic investors' participation in Nigerian stock market rose to N1.8 trillion in April 2026, up 3.35% from March, driven by retail and institutional activity.
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