Bismarck Rewane highlights power sector reforms as essential for Nigeria's economic growth at the RCCG Economic Summit, stressing the need for reliable electricity to boost productivity and support SMEs.
Ogun State Government has initiated the Ogun State Electricity Regulatory Commission to build a reliable electricity market, ensuring fair tariffs and supporting industrial growth.
The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN) has launched a N100 million joint loan facility targeting small businesses. The scheme offers low-interest loans up to N5 million, with 90% of beneficiaries being women, and ex
A Nigerian woman tired of paying N1,500 per litre for petrol to run her generator has invested in an Itel Power Tank for solar electricity, sparking online discussions about alternative energy.
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The Nigerian government has dramatically reduced approval time for reactivating idle oil wells from weeks to hours to boost crude output. Indigenous firms show interest as global prices near $100 per barrel.
The National Root Crops Research Institute celebrated International Women's Day 2026 with the theme 'Give to Gain,' highlighting women's crucial role in agricultural research and food security. Leaders emphasized investing in women as a strategic move for
Nigeria's car imports rose by 24.64% to N1.58 trillion in 2025, driven by consumer demand and industrial transport equipment, with the US as the top supplier.
The NMDPRA's decision to resume petrol import licences has drawn criticism from energy experts, warning of low-quality fuel risks and threats to local refining investments, amid calls for transparency and long-term policy stability.
A Nigerian lady based in the UK has expressed frustration after her basic salary failed to cover monthly expenses, sparking widespread reactions and advice on social media.
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The Nigerian naira depreciated by N4.07 against the US dollar in the official market, driven by high forex demand and limited supply from the CBN. It also fell against the pound and euro, with similar declines in retail and black markets.
A Nigerian woman, Maria-Goretti Jiwuaku, has raised an alarm on social media after unexpected debits from her bank accounts for a COVID-19 loan she received years ago, believing it was a grant.
The World Meteorological Organization warns Nigeria to strengthen resilience against extreme weather, calling for increased investment in NiMet and private sector involvement.
The Federal Competition and Consumer Protection Commission has raised alarms about increasing unsafe and substandard goods in Nigerian markets, pledging stricter enforcement including product recalls and sanctions.
The Central Bank of Nigeria has responded to a Federal High Court ruling, confirming Union Bank's operational and financial stability remains unchanged while reviewing the judgment.
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The Nigerian stock market extended its gains with a 0.11% rise, adding N141 billion to market capitalization. Legend Internet, Zichis Agro, and Premier Paints led the rally while Fidson Healthcare and Austinlaz topped losers.
A development expert warns that the escalating Hormuz conflict could disrupt Nigeria's energy supply, urging President Tinubu to form a committee to mitigate economic impacts.
Despite global crude oil prices falling from $130 to $100 per barrel, Nigerian petrol stations maintain rates above N1,300 per litre, causing transport fare hikes and consumer outcry.
DealMakers Africa recognized leading mergers and acquisitions transactions and advisory firms in West Africa at its annual gala in Lagos, highlighting key deals and winners across multiple categories.
An advocacy group criticizes NMDPRA's decision to resume petrol import licences, warning it could weaken domestic refining and allow substandard fuel into Nigeria's market.
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Click and Carry, featured on Shark Tank Season 12, has achieved nearly $8 million in sales despite its deal with Mark Cuban and Barbara Corcoran not closing. The company now sells in major retailers like Walmart and Amazon.
The Nigerian Electricity Regulatory Commission has inaugurated the Forum of Nigerian Electricity Regulators to enhance coordination and address market-wide challenges in the electricity sector.
AfrexInsure, the specialty insurance arm of Afreximbank, has appointed Lesley Ndlovu as its new CEO, replacing Jonas Mushosho. The move aims to strengthen trade insurance and investment risk coverage across Africa.
The Federal Government has defended its resolution of the OPL 245 oil block dispute, calling it a landmark achievement that saved Nigeria over $2 billion in liabilities and unlocked a major dormant asset, while rebuffing criticisms from former Vice-Presid
Nigeria's push to increase oil production by activating over 400 idle wells faces a $6 billion capital expenditure hurdle, threatening crude supply to Dangote Refinery and domestic obligations amid production losses.
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The Central Bank of Nigeria directs international money transfer operators to route remittances through naira settlement accounts and use real-time exchange rates, effective May 1, 2026.
NBS data shows petrol prices increased 1.62% in February 2026 to ₦1,051.47 per litre, though down 15.6% from last year. Dangote Refinery CEO reports receiving only 5 crude cargoes monthly instead of 13-15, impacting operations.
Nigerian travel agencies lose an estimated N1 billion yearly to Airline Debit Memos imposed by foreign carriers, with NANTA threatening to involve FCCPC over anti-competition practices.
Surveillance contractors face strict warnings against negligence and collusion after a foiled oil theft attempt in Rivers State. The incident highlights ongoing security challenges and calls for transparency in oil divestment processes in the Niger Delta
The Central Bank of Nigeria asserts Union Bank's status is unchanged despite a Federal High Court ruling invalidating its takeover, promising regulatory oversight and a review of the judgment.
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FNCCI Director-General Moses Umoru warns Nigeria may not fully benefit from rising oil prices due to crude-backed loan commitments like Project Gazelle and Project Leopard, which limit fiscal flexibility amid inflation.
