A research center warns that prolonged uncertainty over port concession renewals in Nigeria could harm port efficiency, deter foreign investment, reduce government revenue, and increase costs for consumers.
Geopolitical tensions in the Middle East highlight the vulnerability of African oil-producing nations that export crude but import refined fuel, driving inflation and economic instability across the continent.
Geopolitical tensions in the Middle East are driving oil price volatility, reigniting inflation concerns, and potentially reshaping monetary policy in Nigeria, analysts warn.
Nigerian manufacturers and businesses are struggling with skyrocketing diesel and petrol prices, coupled with worsening power outages, threatening economic collapse.
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Financial leaders and government ministers at the Access Bank Africa Trade Conference called for urgent collaboration to overcome structural barriers hindering commerce across the continent.
Nova Bank Limited has appointed Jude Anele as its Managing Director and CEO, approved by the Central Bank of Nigeria. This move follows the bank's transition to commercial banking and recapitalisation success.
Julius Berger Nigeria intensifies CSR efforts in Rivers State, sponsoring school sports competitions, educational excursions, and vocational training programs for underserved communities.
Youth leaders in Nigeria's South-East region have called on President Bola Tinubu to address the escalating cost of living, citing severe hardships from fuel and food price hikes.
A Central Bank of Nigeria survey reveals businesses remain optimistic about the economy, with a Confidence Index of 39.4 points in February 2026, despite facing major hurdles like insecurity, high taxes, and poor power supply.
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The World Bank Group has urged Nigeria and other developing nations to invest in maritime infrastructure and regulatory reforms to create jobs and drive economic growth, as 1.2 billion young people enter the workforce in the next 15 years.
The Cheese Chopper, a viral kitchen gadget, thrived after Shark Tank despite no deal. Founder Tate Koenig leveraged exposure to sell online, later securing a deal for another product.
Botswana Power Corporation appoints Nigerian energy expert Akinwole Omoboriowo as board member and Vice Chairman to address electricity constraints and drive renewable energy expansion.
Consumers nationwide report receiving less gas than paid for due to alleged meter manipulation at LPG retail outlets, raising costs and undermining clean energy adoption efforts.
Governor Babajide Sanwo-Olu reiterates Lagos State's dedication to strengthening consumer protection mechanisms against unsafe products and substandard services during World Consumer Rights Day.
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After securing a $1 million investment from Mark Cuban on Shark Tank, Cupbop expanded from a Utah food truck to a $200 million global Korean barbecue chain with locations in the US, Indonesia, and Dubai.
MTN Group reported a 25% increase in service revenue to R218 billion for 2025, with Nigeria and Ghana leading growth. Subscribers reached 307 million, supported by R38 billion in network investments.
Esso Exploration and Production Nigeria Limited (EEPNL) has reinforced its commitment to supplier diversity by hosting a targeted engagement session for women-owned businesses in Lagos. The initiative aims to create practical opportunities and strengthen
Global energy technology leader Schneider Electric has appointed Steven Santini as Vice President of Secure Power for Sub-Saharan Africa, focusing on digital resilience and ecosystem growth.
Nigeria's first-tier cities like Lagos and Abuja are experiencing a surge in luxury real estate development, driven by affluent investors and diaspora remittances, while experts call for government action to address housing affordability.
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The Federation Accounts Allocation Committee has not disclosed January 2026 revenue figures, marking a fifth consecutive month of declining federal income, raising constitutional concerns.
Zenith Bank partners with Visa to introduce the Visa Signature Card, offering lifestyle and travel benefits for affluent customers globally and locally, with discounts, airport lounge access, and enhanced security features.
The Chartered Institute of Bankers of Nigeria inducted 2,020 professionals, emphasizing the need to adopt artificial intelligence to drive innovation and strengthen the financial system amid challenges like high costs and skill gaps.
The Building Collapse Prevention Guild advocates for IoT-enabled sensors and proactive monitoring in Nigerian buildings following a school collapse in Lagos, highlighting signs like cracks and vibrations to save lives.
The escalating US-Iran conflict has shut down the Strait of Hormuz, spiking global oil prices. Nigeria faces fuel shortages and inflation, highlighting economic vulnerabilities in an interconnected world.
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Dele Oye highlights how government failures in diplomacy, trade, and policy are hindering Nigeria's global market competitiveness and denying businesses access to international opportunities.
Suspected bandits invaded the runway area of Akure Airport on Sunday, prompting a swift response from security forces. Air Traffic Controllers raised an alarm, leading to a coordinated operation by NAF, Army, and FAAN personnel, resulting in four arrests.
KloverHarris Limited offers CSR support to 150 displaced residents in Alpha Beach Settlement, providing essential supplies and addressing community challenges amid the Lagos-Calabar Coastal Highway construction.
Residents of Ikwuano in Umuahia endorse the Abia State Government's move to complete the long-delayed Umuahia-Ikot Ekpene Road, citing federal inaction and poor conditions.
Experts and stakeholders will gather in Lagos to discuss sustainable waste management solutions, including recycling and technology-driven initiatives, to combat flooding and health risks.
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Ride-hailing drivers in Lagos have started a three-day strike, protesting rising operational costs and low earnings. The action, led by AUATON, affects major platforms like Uber and Bolt.
