Seafarers' Wrongful Arrests Worsen Global Labour Crisis
Baseless prosecution of seafarers for drug offences is worsening the global crew shortage and undermining maritime trade. Stakeholders demand legal reforms and a shift in focus to ship owners.
Category : Business
Business Expansion Slows Amid Rising Costs in December
NESG report shows Nigerian businesses sustained growth for 12 months but faced a slowdown in December 2025 due to rising costs and financing constraints. Explore the sectoral breakdown and key challenges.
Monye Warns Entrepreneurs to Build Resilience Against Economic Shocks
Financial strategist Dr Chukwuka Monye warns that economic shocks are now permanent. He advises Nigerian businesses to redesign for instability, embrace risk management tools, and protect liquidity to survive.
NB Empowers 1,000 Students in Entrepreneurship Drive
Nigerian Breweries partners with FATE Foundation to empower 1,000 students in Lagos, Ogun, and Enugu through the Orange Corners Student Ambassadors Programme. Read more.
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N15.4 Trillion Fuel Import Bill in 2024 - CORAN
CORAN reveals Nigeria's fuel import costs doubled to N15.4 trillion in 2024, undermining billions in local refinery investments. Urgent policy shift needed to support domestic refining capacity and retain forex.
NIMASA to leverage 2025 reforms for greater maritime impact
NIMASA outlines plans to consolidate 2025 successes, including IMO Council return and zero piracy, to advance Nigeria's Blue Economy agenda. Discover the agency's 2026 strategy.
Lovonus MFB Launches Tech-Driven MSME Credit Plan
Lovonus Microfinance Bank unveils a five-year, technology-driven strategy to expand credit access for MSMEs and cooperatives. MD Adeola Ayibiowu details plans for digital growth and portfolio resilience. Read more.
Pillarcraft Accredited as NRS e-Invoicing Integrator
Pillarcraft Cloud Solutions gains NRS & NITDA accreditation as a System Integrator for Nigeria's e-invoicing framework, launching UsawaConnect™ to help businesses comply seamlessly. Learn how this shapes digital tax reforms.
Ecobank Nigeria Prepay $245M Eurobond Notes
Ecobank Nigeria has successfully prepaid over 80% of its $300 million Eurobond, repaying $245 million to bondholders before the February 2026 due date. Discover the details of this strategic liability management move.
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NCC Mandates Telcos to Boost Investment, Service Quality
NCC's Dr Aminu Maida outlines 2026 roadmap, demanding telecom operators improve network quality, customer care, and governance or face regulatory action. Read the full directive.
Nigeria's Coldest State Revealed: Plateau
Discover why Plateau State is Nigeria's coldest region, with Jos maintaining 22-24°C averages. Learn about the Mambilla Plateau's chill and how altitude shapes our climate.
22 Ibadan Communities Face Daily Power Outages
IBEDC announces planned 3-hour daily outages for 22 Ibadan communities from Jan 5-9, 2026, due to road construction. See the full list of affected areas and details.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Lady Switches to Solar, No More Blackouts
Nsikak Effiong spent N800k on fuel before installing solar. She now enjoys 24/7 power, gave away her power bank, and says it's the best decision ever.
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NANS Calls Off National Tax Protest
Nigerian students suspend planned protest against tax law after meeting with government officials. The new law aims to protect low-income earners and boost revenue.
Dangote Refinery Free Delivery to Cut Fuel Prices in Nigeria
Nigerians can expect cheaper petrol as Dangote Refinery prepares to deliver fuel to marketers at zero transport cost from January 2026, significantly reducing logistics expenses and pump prices nationwide.
Dangote, Rabiu Make Over N181bn in Six Days
Aliko Dangote and Abdulsamad Rabiu start 2026 strong, adding over N181 billion to their wealth. Dangote's net worth hits $30.1B as refinery listing plans advance. #Nigeria #Billionaires
Naira Bullish Despite 21% Drop in FX Inflows
The Nigerian naira begins 2026 on a strong note, appreciating at the official window despite a sharp 20.67% decline in dollar inflows. Discover how local sources and CBN interventions are cushioning the market.
RMB Nigeria Meets CBN Capital Requirement Ahead of Deadline
Rand Merchant Bank Nigeria has successfully met the CBN's new N50 billion minimum capital requirement for merchant banks, achieving the milestone in December 2025. This move strengthens regulatory compliance and market confidence.
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Modern POS Systems Drive Nigerian Retail Sales
Discover how modern POS systems help Nigerian retailers increase sales, improve customer experience, and build loyalty through seamless digital payments and data insights. Act now to upgrade your retail operations.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Customs Port Harcourt II Generates ₦731.2bn in 2025
The Nigeria Customs Service, Port Harcourt II Command, generated ₦731.2 billion in 2025, surpassing its target by over 104%. Discover how they achieved this milestone and their major seizures.
Oil Prices Slip to $61 Amid Venezuela Instability
Global oil prices fall to $61 per barrel due to Venezuela's instability. Analysts warn of further drops below $60 if US tensions persist. OPEC+ pauses production hikes.
Trump's 18-Month Plan for US Oil in Venezuela
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
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Opay App Update: Users Rejoice Over N9,999 Transfer Option
A Nigerian Opay user sparked online excitement after noticing a new N9,999 transfer option in the app. See the viral reactions and what it means for digital banking in Nigeria.
Naira Appreciates to N1,429/$1 in Official Market
The Nigerian Naira strengthened against major currencies on January 5, trading at N1,429/$1 officially. Analysts credit CBN interventions and rising reserves for the sustained stability from 2025. Discover the full market analysis.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
TUC Calls for Measures to Ease Workers' Economic Hardship
The Trade Union Congress urges government action to protect workers from inflation and high living costs. Read about their demands for tax reform and wage review.
NNPC Lowers Abuja Petrol Price, Dangote Boosts Supply
NNPC reduces petrol prices in Abuja to N815 per litre, offering relief. Dangote Refinery debunks shutdown rumours, delivers 43 million litres nationwide. Lagos prices remain steady.
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Africa's LPG Transition: More Than Just Clean Cooking
Africa's shift to LPG addresses energy security and trade dynamics. With $10bn US investment and key players like BGN Group, the continent's energy landscape is realigning towards the West.
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