EKEDC Downgrades Lagos Feeders from Band A to E
EKEDC has downgraded seven Lagos feeders, moving some customers from Band A to Band E and slashing daily power supply to as low as four hours. Discover the affected areas and the public outcry.
Category : Business
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Access Bank, Visa Launch Corporate Card for Nigerian Firms
Access Bank partners with Visa to launch a new Corporate Credit Card for medium & large Nigerian businesses. It offers a 45-day interest-free period and digitizes expense tracking via the Visa Spend Clarity platform.
NNPC Reduces Diesel Price in Abuja, Lagos, Other States
NNPC slashes diesel prices in Abuja, Lagos & other states, offering cost relief. Get the latest rates & NBS data on regional price variations across Nigeria.
NDIC Releases N24.3bn Second Dividend for Heritage Bank
The NDIC has announced a second liquidation dividend of N24.3 billion for Heritage Bank depositors with balances over N5 million. Learn about the payout rate and future recovery prospects.
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Fuel Price War Deepens as Marketers Undercut Dangote
A fierce petrol price war is reshaping Nigeria's fuel market as independent marketers slash prices below Dangote's N739 rate. Discover how this battle for customers is impacting motorists and the industry's future.
Fidelity Bank Meets CBN's N500bn Capital Requirement
Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
18 Insurers Ready for NAICOM Capital Verification
Only 18 out of over 50 insurers are ready for NAICOM's capital verification ahead of the July 30 deadline. The exercise aims to strengthen the sector and boost claims payment. Read more.
NDIC Declares N24.3bn Heritage Bank Liquidation Dividend
The NDIC announces a second liquidation dividend of N24.3bn for Heritage Bank depositors with balances above N5m. Learn how to claim your funds and what it means for the liquidation process.
Nigeria's New Tax Laws: Reality Check on Corruption & Trust
Nigeria's historic tax reforms replace colonial-era laws, but public trust is undermined by deep-rooted corruption and fears of fund mismanagement. Can Tinubu's government convince citizens?
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Nigerian States Groan Under Relentless Fibre Cut Attacks
New NCC data exposes a severe fibre cut crisis, with over 19,000 incidents in 8 months. Telecoms lose N27bn, disrupting banking, healthcare & security nationwide. Read the full report.
Lagos Electric Ferries, FG Bans Wooden Boats
Lagos plans electric ferries to cut fares, while the Federal Government urges a ban on unsafe wooden boats after tragic accidents. Read the latest on Nigeria's water transport safety.
Nigeria Luxury Property Market Growth Forecast for 2026
Nigeria's luxury real estate is projected for steady growth in 2026, fueled by diaspora inflows and wealth concentration. Discover key trends in Lagos and Abuja.
Tax Misinterpretation Fuels Price Hikes in Nigeria
Nigeria's new tax reforms trigger market chaos as traders exploit confusion, imposing arbitrary price increases. Experts warn of gaps and unintended consequences. Read the full analysis.
New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.
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Eterna Plc Opens N21.52bn Rights Issue
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
Aviation gets N87.3bn in 2026 budget, FAAN excluded
Federal Government allocates N87.3 billion to Aviation Ministry in 2026 budget, a drop from 2025. Key projects include airport upgrades and a new Aerospace University. FAAN and NCAA are excluded as revenue-generating agencies. Read the full breakdown.
Drivers' Union Demands Refund from inDrive Over VAT
Nigeria's app-based transport union, AUATON, demands inDrive refund alleged illegal 7.5% VAT deductions from drivers' earnings. Calls for FIRS investigation and policy review.
COP30 Outcomes: Nigeria's Climate Finance Opportunity
NCF's Dr. Joseph Onoja analyses COP30 outcomes for Nigeria, highlighting climate finance, the Tropical Forest Forever Facility, and a just energy transition. Read how Nigeria plans to act.
Insurers Oppose Tax Exemptions for Foreign Companies
Nigerian insurance operators warn that a proposal to grant foreign insurers tax exemptions on local premiums could cripple domestic firms and undermine industry reforms. Read the full analysis.
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Warri Monarch Warns Oil Firms Over Community Neglect
Olu of Warri, Ogiame Atuwatse III, warns Chevron and other oil companies that peace is unsustainable without justice after six decades of impoverishing host communities. Read the full story.
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
Jesse Cole's $500M Baseball Empire Built on a Gamble
How Jesse Cole turned a $4 million net worth into a $500 million entertainment empire with the Savannah Bananas. Discover the story behind Banana Ball and his family.
Nigeria mobilises private sector on $500bn biodiversity loss
Nigeria launches the Biodiversity Finance Initiative (BIOFIN) to mobilise public and private investments against an estimated $500 billion yearly loss from biodiversity decline. Learn how this partnership aims to align economy with conservation.
Non-Interest Banks: Only 1.7% of Nigeria's Banking System
Despite over a decade of support, non-interest banks in Nigeria account for a mere 1.7% of the sector. An expert blames low awareness and misconceptions. Read more on the future of ethical finance.
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NGX Investors Gain N3.84 Trillion in a Week
The Nigerian equities market surged in the second week of 2026, with market cap rising by N3.84 trillion. Discover the top gainers and sector performance driving this rally.
Stock Market Rises 1.92%, Trades N134bn in Bullish Week
The Nigerian stock market closed higher this week, with the ASI gaining 1.92% and market cap hitting N99.9tn. Investors traded 7.8bn shares worth N134.5bn. Read the full analysis.
FG Demands Ban on Wooden Boats for Commercial Transport
The Federal Government calls on states to ban unsafe wooden boats for water transport, advocating for modern fibre and aluminium alternatives to prevent tragic accidents. Read more.
₦140m NASENI Innovation Competition for Nigerian Youths
The Federal Government launches the InnovateNaija Challenge with a ₦140 million prize pool. Young innovators can win grants up to ₦100m. Apply now to solve Nigeria's economic challenges.
Tinubu Hails Otedola, Elumelu for Landmark Energy Deals
Wale Tinubu commends Femi Otedola and Tony Elumelu for major transactions reshaping Nigeria's energy sector. Otedola's Geregu Power exit and Heirs Energies' Seplat stake acquisition signal strong investor confidence. Read more.
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Aviation sector allocated N87.3bn in 2026 budget
Federal Government allocates N87.3bn to Aviation Ministry and four agencies in 2026 Appropriation Bill. FAAN, NCAA excluded as revenue-generating bodies. Three major projects get N10bn funding.
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