NGX launches T+1 settlement, cuts trade processing time
Nigerian Exchange Limited (NGX) has implemented T+1 settlement, reducing trade processing from two days to one, enhancing liquidity and aligning with global markets.
Category : Business
Türkiye Opens New Visa Centre in Lagos
Türkiye launches SEFA Visa Application Office in Lagos, Nigeria, to simplify visa processes for Nigerians traveling for tourism, business, and education.
Hajj 2026: NAHCON Reschedules Return Flights to June 3
NAHCON reschedules the airlift of Nigerian pilgrims from Saudi Arabia to June 3, 2026, urging compliance with luggage rules and timely passport processing.
Supreme Court Sanctions Providus–Unity Bank Merger
The Supreme Court dismissed an appeal against the Providus–Unity Bank merger, awarding N10m costs and ordering the transfer of assets within 10 days.
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Pilot Dies in Helicopter Crash Hours After Wedding
Indian-origin pilot Dave Fiji was killed in a helicopter crash in Atlanta just hours after his wedding. His bride Jesni survived and is recovering.
Foundation Targets 20,000 Kids as Africa Robotics Market Hits $4.29bn
The Louis Awode Foundation launches a nationwide program to teach 20,000+ Nigerian children robotics, coding, AI, and entrepreneurship to bridge the digital skills gap.
Nigerian Bottling Company Advances Youth Hospitality at IHTEF 2026
Nigerian Bottling Company and Schweppes sponsor Bartender Academy at IHTEF 2026, empowering youth with mixology, entrepreneurship, and mentorship opportunities.
Cameroon Refinery to Begin Fuel Output in December 2026
Cameroon's new Mboro refinery will begin fuel production in December 2026, meeting 22% of domestic demand and reducing reliance on imports.
ALTON Hails FCCPC on DEON Suspension as Airtel, Glo Restore Credit
ALTON commends FCCPC for suspending DEON regulations against telecom operators, as Airtel and Glo restore airtime credit for millions of Nigerian subscribers.
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Cross River Signs $42m PPP to Revive Water Supply
Cross River State signs a $42 million PPP with Agua Global Services to revive water infrastructure, ending over a decade of scarcity and restoring potable water access.
Arsenal Targets Four Signings After UCL Defeat to PSG
Arsenal are planning to sign four players in four key positions after losing the UEFA Champions League final to Paris Saint-Germain on penalties.
Bagudu: Youth Land Access Key as FG Targets 6 Million Farmers
Minister Bagudu urges youth land access to boost agriculture, as FG launches YALTF targeting 6 million youths with IITA training in modern agribusiness.
CBN Unveils Payments Vision 2028 for Digital Economy
The Central Bank of Nigeria launches NPSV 2028 to accelerate innovation, expand financial inclusion, and strengthen the digital economy, targeting Africa's leading payment ecosystem.
Lagos Delivers 362 Roads, Expands Healthcare and Justice Infrastructure
Lagos State government has completed 362 roads spanning 347 km since 2019, alongside major investments in healthcare, justice, education, and digital infrastructure under Governor Sanwo-Olu.
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FG urged to intensify airlines financial audits
The Federal Government has been advised to strengthen financial oversight of domestic airlines through regular audits to ensure long-term sustainability in the aviation sector.
Lagos Attracts $22m FDI, Expands Fibre Network
Lagos State secures $22 million FDI to expand fibre optic infrastructure by 30,000km, boosting broadband and smart-city development.
Nigerians Spend N3.33tn on Data in Q1 2026
Nigerians spent N3.33 trillion on internet data in Q1 2026, consuming 4.06 million terabytes. Telecoms contributed N4.71 trillion to GDP, boosting MTN and Airtel revenues.
UBA Unveils New Landmark Building at UNILAG
UBA and UNILAG celebrate over 60 years of partnership with a new Innovation Hub and Business Office, enhancing research, student development, and academic endowments.
Private Depots Cut Petrol Prices Below Dangote Rate
Private depot operators in Nigeria have reduced petrol prices, with some rates now lower than Dangote Refinery's, intensifying competition in the downstream oil sector.
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Pan African Towers Sues Ex-CEO Over N1bn Fund Diversion
Pan African Towers Limited has sued its former CEO Azeez Olayode Amida at the Federal High Court in Lagos over alleged financial misconduct, seeking recovery of nearly N1 billion in unauthorized expenses.
ASRTI Seeks Direct Crude Allocation to Local Refiners
ASRTI proposes direct crude allocation to local refiners to produce aviation fuel, aiming to eliminate N60 billion subsidy waste and reduce Jet A1 costs burdening airlines.
Nigeria Debt Servicing Hits N3.41 Trillion in Q3 2025
Nigeria's debt servicing reached N3.41 trillion in Q3 2025, below projection. World Bank cancels $718 million loan amid changing power sector conditions.
Lagos Empowers 5,339, Graduates 5,310 from Skills Centres
Lagos State government empowers 5,339 residents with business tools and graduates 5,310 from free skills acquisition centres, boosting entrepreneurship and poverty alleviation.
Otu Unveils Plan to Monetize Carnival Calabar Globally
Governor Bassey Otu announces plans to expand Carnival Calabar's reach, monetize content, and boost tourism revenue for the 2026 edition with diaspora participation.
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Dangote Refinery Raises Petrol Price Again After Brief Cut
Dangote Refinery increased petrol price to N1,256 per litre 24 hours after a cut, as crude oil surges due to Middle East tensions, mirroring depot operators' adjustments.
MultiChoice Offers Free DStv Upgrade for Nigerian Subscribers
MultiChoice launches 'Open Time' promotion for DStv subscribers in Nigeria, offering free upgrade to higher-tier packages including Premium with over 160 channels for June 2026.
Skileman Founders Advocate Human Skill Infrastructure in AI Age
Nigerian entrepreneurs Seth Chucks and Alex Chuks launch Skileman to build a human skill infrastructure platform, aiming to organize and empower over 3 billion skilled professionals globally amidst AI advancements.
TCN Extends OPGW Work, Northeast Power Supply Affected
TCN extends OPGW installation on Jos-Bauchi-Gombe line until June 30, 2026, causing limited power supply to YEDC and JEDC customers in Bauchi, Gombe, Damaturu, and Maiduguri.
2026 World Cup Stadiums to Deploy Life-Saving Drones
2026 FIFA World Cup stadiums in US, Canada, and Mexico will use drones equipped with defibrillators, epipens, and first aid kits to enhance fan safety.
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Keji Giwa Backs Tinubu: Business Success Tied to Politics in Nigeria
Nigerian billionaire Keji Giwa sparks debate by defending his support for President Tinubu, arguing politics is key to business success in Nigeria.
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