NIPOST Land Encroachment in Abia, Otti Orders Recovery
NIPOST reports increasing encroachment on its properties in Abia State, leading Governor Alex Otti to order a survey and recovery of assets, with plans for collaboration on postal services.
Category : Business
Obiano: Aviation Growth Needs Women in Leadership Roles
Stephanie Obiano, CEO of Furalle Limited, argues that Nigeria cannot fully realize its aviation potential without empowering women in leadership positions. She emphasizes the need for local capacity building and technical skills to benefit from internatio
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CBN Wins Global Central Bank of the Year Award for 2026
The Central Bank of Nigeria has been named Central Bank of the Year at the 2026 Central Banking Awards, recognized for monetary reforms that stabilized Nigeria's economy through exchange rate unification and transparency measures.
CBN Recapitalisation: Two Banks Get Lifeline, Three Await Approval
As the CBN recapitalisation deadline nears, over 30 Nigerian banks have met requirements, while two receive regulatory forbearance and three await final approval, amid industry consolidation.
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Farmers Pass Vote of Confidence on NADF Management
Coalition of Farmers Associations of Nigeria and other groups commend NADF's leadership for enhancing food security, empowering farmers, and modernizing agriculture through various initiatives.
Binani Air: Nigeria's First Woman-Owned Airline Begins Operations
Binani Air has officially started operations in Nigeria after receiving its Air Operator Certificate from the NCAA, marking a historic milestone as the first fully woman-owned airline in the country.
IYC Calls for Niger Delta Ports in National Maritime Plan
The Ijaw Youth Council urges the Federal Government to include Niger Delta ports in Nigeria's maritime development agenda, citing fairness and economic benefits.
FG Woos UK Investors for Nigeria's Agriculture
The Federal Government calls on UK investors to collaborate in building resilient food systems and climate-smart farming to unlock Nigeria's agricultural potential, as highlighted at the Nigeria-UK Investment Forum in London.
Airfares May Rise in Nigeria as Aviation Fuel Hits N2,700/Litre
Aviation fuel prices in Nigeria have surged from under N1,000 to N2,700 per litre, driven by Middle East tensions disrupting global oil supply. Airlines warn current ticket prices are unsustainable, with potential fare increases of 20-25% looming.
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Kano's Gida-Gida Mega City Project Tackles Housing Deficit
Kano State Executive Council approves multi-billion-naira Gida-Gida Mega City Project featuring 480 housing units to address urban housing shortage and decongest the metropolis.
Woman Regrets Selling MTN Shares After N200k Profit
A Nigerian lady known as KDP Chef expressed pain after selling her MTN shares at N708 per share, making N200k profit in under 30 days. She had bought them at N508 in January but needed cash.
HYPREP Broadens Water Reach in Ogoni Communities
HYPREP announces a major expansion of potable water projects in Ogoni, moving beyond UNEP recommendations to serve all communities, with over 43 already connected and new phases underway.
CBN Recapitalization 2026: Which Nigerian Banks Are Safe?
As the March 31, 2026 deadline approaches, Nigerian banks show strong compliance with CBN's recapitalization directive, raising ₦4.05 trillion. Most banks meet targets, while a few face delays under regulatory scrutiny.
Dangote Refinery Exports 456,000 Tonnes of Fuel to 5 African Countries
Nigeria's Dangote Petroleum Refinery has shipped 12 cargoes totaling 456,000 tonnes of refined petroleum products to five African countries, marking a significant expansion in regional energy trade amid global supply disruptions.
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Nigeria's Power Crisis: DisCos Lose ₦2.4 Trillion in Two Years
Nigeria's electricity distribution companies have suffered staggering losses of ₦2.4 trillion over 2024-2025, worsening the national power crisis with reduced generation and increased blackouts.
34 Banks Meet CBN Recapitalisation Requirements Ahead of Deadline
Ahead of the March 31, 2026 deadline, 34 Nigerian banks have successfully met the Central Bank of Nigeria's recapitalisation thresholds, with major lenders exceeding capital requirements and no major disruptions expected in the banking sector.
Plane-Fire Engine Collision at LaGuardia Airport Kills Two
A Jazz Aviation flight operating for Air Canada collided with a fire engine on the runway at LaGuardia Airport, resulting in two fatalities. The incident involved 72 passengers and four crew members, with the FAA investigating.
Actor Wale Okunnu Blames Marketers Over Petrol Price Hike
Nollywood actor Wale Okunnu criticizes petroleum marketers for the sharp increase in petrol pump price to N1350 per litre, questioning Nigeria's reliance on imports despite local crude oil reserves.
Nine Dead, 15 Injured in Peruvian Andes Bus Crash
A tour bus carrying holidaymakers plunged off the road near the Rajuntay mountain in Peru, killing nine people and injuring 15 others. Rescue operations involved emergency triage and hospital transfers.
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Tinubu: Middle East Crisis to Spike Inflation, Help Vulnerable
President Bola Tinubu warns state governors that the Middle East crisis could trigger inflation and erode purchasing power, urging them to provide incentives and care for vulnerable Nigerians.
Air Canada Jet Hits Firetruck at LaGuardia, 76 On Board
An Air Canada regional jet carrying 72 passengers and 4 crew members collided with a firetruck on a runway at New York's LaGuardia Airport late Sunday night, causing significant damage to the aircraft's nose.
IMF Data Shows Top 10 African Debtors, Nigeria Missing
Fresh IMF data lists Egypt, Côte d’Ivoire, and Kenya as top African debtors in 2026, with Nigeria notably absent, sparking debate on borrowing strategies and fiscal challenges across the continent.
Dangote Refinery Export Threat Sparks Fuel Crisis Fears
Nigeria faces potential fuel shortages as Dangote Petroleum Refinery considers exporting all refined products due to a dispute over petrol import licences with regulators.
Nigeria's Struggle to Achieve SDG Housing Targets by 2030
Nigeria faces a critical housing deficit of 14.9 million units, with experts warning that current production falls short of SDG 11 targets. Urgent reforms in land administration, finance, and private sector involvement are needed to provide safe, affordab
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Banks Survive Recapitalisation, Insurance Sector in Focus
Nigerian banks have successfully navigated a two-year recapitalisation process, raising over N4 trillion without major disruptions. As the banking sector stabilizes, attention shifts to the insurance industry, where companies are gearing up for their own
Expert Supports FCCPC, Accuses Airlines of Exploiting Passengers
Aviation consultant Chris Aligbe defends FCCPC's investigation into airline fare hikes, accusing domestic carriers of exploiting travelers through restrictive booking practices during peak seasons.
NLC Calls for Energy Ministry Merger, Stops N6tr Bailout
The Nigeria Labour Congress proposes merging Petroleum and Power ministries into a unified Energy Ministry to address structural issues and stop a proposed N6 trillion bailout for power generation companies.
POS Terminals: Nigeria's De Facto Retail Banking Cash Hubs
Millions of Nigerians are increasingly relying on neighborhood POS operators for cash deposits and withdrawals, cementing their role as the country's most accessible retail cash hubs under new banking regulations.
CPPE Decries High Living Costs, Nigeria Offers Oil Support
The Centre for the Promotion of Private Enterprise highlights rising food and energy costs eroding purchasing power, while Nigeria pledges to stabilize global oil supply amid Middle East tensions threatening prices.
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Nigeria's Economic Mismanagement in Global Oil Crisis
Analysis reveals Nigeria's lack of strategic planning for the Middle East war's impact on oil prices, highlighting failures in fiscal discipline and governance.
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