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.
Category : Business
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.
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.
UNILAG, UBA Unveil New Banking Facility, Innovation Hub
The University of Lagos and United Bank for Africa have launched a new facility and innovation hub, strengthening their long-standing partnership for academic and industry collaboration.
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AFBTE Warns Private Sector Efficiency Under Threat
The Association of Food, Beverage, and Tobacco Employers warns that private sector efficiency remains under threat due to high costs, policy disruptions, and regulatory challenges.
NISER Predicts 5.02% GDP Growth, Single-Digit Inflation by 2028
NISER projects Nigeria's GDP growth to reach 5.02% by 2028, with inflation falling to single digits, driven by fiscal reforms and non-oil sector growth.
Schneider Electric Urges Engineering Investment in West Africa
Schneider Electric West Africa calls for greater investment in engineering skills to boost industrial competitiveness, after training engineers on motor management systems.
Bayelsa Launches Pioneer Airlines with Inaugural Flight
Bayelsa State enters Nigeria's aviation sector as Governor Douye Diri boards Pioneer Airlines' first flight from Abuja to Yenagoa, symbolizing economic repositioning.
Brands Key to Repositioning Nigeria's Potential, Experts Say
At the West African Innovation Awards 2026, experts highlighted brands as crucial for building an inclusive and sustainable Nigeria, exporting culture and reshaping global perceptions.
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LAWMA Urges Waste Reduction, Sorting Amid Rain Pressure
LAWMA calls on Lagos residents to reduce, sort, and responsibly dispose of waste as heavy rainfall strains disposal facilities, affecting operations and logistics.
Equip Auto Expands to SSA, Launches Cote d'Ivoire Expo
Equip Auto expands into sub-Saharan Africa with Equip Auto Côte d'Ivoire expo in Abidjan, partnering with Interlinks Auto CEO Luc Azilinon to boost automotive and mobility markets.
NCAA Suspends 'No Pay, No Service' Over N12bn Debt
The Nigerian Civil Aviation Authority has suspended its 'No Pay, No Service' directive on 11 airlines owing N12 billion in statutory charges, citing industry challenges.
Chicken Farm Startup Cost in Nigeria 2026: Budget Guide
Discover the full cost to start a chicken farm in Nigeria in 2026, from ₦350k micro-scale to ₦45M+ commercial operations. Break down expenses for chicks, housing, feed, and more.
Solar Engineer Shows How to Spot Good and Bad Panels
A solar engineer's viral post demonstrates a quick method to distinguish high-quality solar panels from poor ones, sparking widespread reactions online.
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Average Salary in Nigeria 2025: Real Figures and Analysis
Discover the real average salary in Nigeria for 2025. Explore formal sector wages, livable income, and industry comparisons across the country.
CBN rejects return to market-distorting intervention policies
CBN Governor Olayemi Cardoso warns against pressure to resume intervention programs, citing distortion of financial position and weakened monetary policy effectiveness.
FG TVET Reforms: Pathway to Jobs and Entrepreneurship
The Federal Ministry of Education's TVET reforms gain support as a solution to graduate unemployment and skills gaps in Nigeria.
Nigeria GDP Growth to Hit 5.02% by 2028: NISER
NISER forecasts Nigeria's GDP growth to hit 5.02% by 2028, with inflation dropping to single digits, driven by fiscal reforms and non-oil sector expansion.
MTN, SMEDAN Expand mySMEville to Address $158b Gap
MTN and SMEDAN expand mySMEville platform to bridge Nigeria's $158 billion MSME financing gap, targeting 5 million businesses with funding and digital tools.
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300 Nigerian Youths Graduate from Diageo Hospitality Programme
300 young Nigerians completed the Learning for Life hospitality programme by Diageo Nigeria, with over 150 securing internships in Lagos.
EPA Bans Polystyrene Foam Products from January 2027
The EPA announces a nationwide ban on polystyrene foam products from January 2027, aiming to reduce plastic pollution and promote sustainable alternatives.
Banks Close Nationwide for Eid-ul-Adha Holiday
All commercial banks in Nigeria will close physical branches on May 27-28, 2026, as FG declares Eid-ul-Adha holiday. Customers urged to use digital channels.
Mexico Agrees to Host Iran in World Cup After US Rejection
Mexico will host Iran's football team during the World Cup after the US declined. President Sheinbaum confirmed approval for relocation to Tijuana.
FG Declares Two-Day Holiday for Eid-el Kabir 2026
Nigeria's FG declares May 27-28, 2026 as public holidays for Eid-ul Adha, honoring Muslim faith and urging prayer and reflection.
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Nigeria GDP Grows 3.89% in Q1 2026, Fastest in a Decade
Nigeria's GDP grew 3.89% in Q1 2026, the fastest in 10 years, driven by services, agriculture, and industry. Oil production fell to 1.55 mbpd.
Pastor Adefarasin: Counting in Naira Means You Are Poor
House on the Rock Pastor Paul Adefarasin sparks debate after saying Nigerians who count their wealth in naira are poor due to currency devaluation.
2026 Hajj Commences with 1.5 Million Pilgrims in Mecca
Over 1.5 million pilgrims arrived in Mecca for the 2026 Hajj, performing Tawaf and heading to Mina amid heightened security due to regional tensions.
Dangote Refinery Suit: AGF Leads Defence, NNPC Warns of Risks
The Federal Government, led by the AGF, defends against Dangote Refinery's suit to halt fuel import licences, with NNPC warning of energy security risks.
Nigeria GDP Grows 3.89% in Q1 2026, Agriculture Leads
Nigeria's GDP grew 3.89% in Q1 2026, up from 3.13% a year earlier. Agriculture rebounded sharply with 3.15% growth, signaling economic stabilization.
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DSO to Unlock N605b Advertising Market, Boost Economy
NBC says Nigeria's Digital Switch-Over will unlock a N605.2 billion advertising market, expand TV access, and boost the creative economy with a new strategy.
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