Lagos Approves FlexxyDrive for E-Hailing Operations
FlexxyDrive secures Lagos approval to start e-hailing services with zero-commission model for drivers, expanding in Nigeria and Germany.
Category : Business
Nigerian Stock Market Opens Week with N80.81bn Loss
The Nigerian stock market started the week with an N80.81 billion loss as investors engaged in profit-taking across banking, consumer goods, industrial, and insurance sectors.
MultiChoice Bets on DStv Stream and Fintech for Survival
MultiChoice shifts focus to DStv Stream and fintech Moment after Showmax shutdown, with streaming subscribers surging 139% and Moment processing $635 million in 2025.
Nigeria Customs launches digital baggage system to end delays
Nigeria Customs Service introduces SCADS, a digital baggage clearance platform at Abuja airport, to eliminate passenger delays and automate duty assessment.
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Zenith, UBA, GTCO, First Holdco Generate N570tn in 2025
Four major Nigerian banks processed N570.17 trillion in electronic transactions in 2025, led by Zenith Bank and UBA, amid fintech competition.
Dangote Refinery Cuts Aviation Fuel Price by N100
Dangote Refinery reduces Jet A1 price to N1,650 per litre, offering relief to airlines amid rising operational costs and hopes for lower ticket prices.
Dangote Refinery vs FG: 5 Key Issues in Petrol Import Battle
A fresh legal battle between Dangote Refinery, the FG, and fuel marketers over petrol import licences reignites debate on Nigeria's downstream petroleum sector.
Nigeria Makes Tax ID Mandatory for All Citizens
The Federal Government has introduced a mandatory Tax Identification Number for all Nigerians to access essential services, aiming to broaden the tax base and streamline revenue collection.
Dangote cuts jet fuel price to ₦1,650, offers airlines credit
Dangote Refinery reduces aviation fuel price from ₦1,750 to ₦1,650 per litre, introduces 30-day interest-free credit and naira-based pricing to support Nigerian airlines.
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Nova Bank USSD Code *682#: Open Account and Transfer Money
Learn how to open a Nova Bank account and transfer money using the USSD code *682#. No internet needed, works on any phone. Step-by-step guide inside.
Goat Farming Costs and Profit in Nigeria: Full Breakdown 2026
Starting goat farming in Nigeria costs from ₦300,000. Learn about expenses, breeds, profit potential, and risks. A complete guide for 2026.
Breeds of Cattle in Nigeria: Choosing Cows for Milk or Meat
Discover the best cattle breeds in Nigeria for milk and meat, including White Fulani, Sokoto Gudali, Red Bororo, and exotic breeds. Learn how to choose the right cow for your farm.
Parallex Bank USSD Codes: Full Guide
Learn everything about Parallex Bank USSD codes: how to activate, transfer money, check balance, open account, and more. No internet needed.
Nigeria's Crude Exports Decline Despite Price Surge: CBN
CBN data reveals Nigeria's crude exports fell to 0.96 mbpd in early 2026 despite prices surging to $126.71/barrel, highlighting production challenges.
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Nigeria's N130tr credit deficit stifles 39m MSMEs
Dele Oye says Nigeria's N130 trillion credit gap is a structural catastrophe, with fewer than 1 in 20 MSMEs accessing formal credit, hindering growth and job creation.
Lagos Plans Independent Power Market, Targets 2,000MW
Lagos State announces plans to create an independent electricity market to tackle blackouts, targeting an additional 2,000 megawatts through private partnerships and regulatory reforms.
SEC Ends T+2 Settlement, Moves to T+1 Cycle from June 1
The SEC announces May 29 as final T+2 trading day, with T+1 settlement starting June 1 to boost liquidity and reduce risks in Nigeria's capital market.
Cartoon: Nigeria's Economic Struggles and Citizens' Burden
A cartoon highlights Nigeria's economic challenges, showing citizens burdened by rising costs and government policies, reflecting public sentiment.
Rank Capital Makes FT's Fastest-Growing Firms List
Rank Capital ranks 7th fastest-growing fintech in Africa on Financial Times list, 6th in Nigeria, and 12th overall, highlighting rapid growth and community investment model.
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Court Upholds $100m Award Against CNPC in OPL 471 Case (19.05.2026)
Federal High Court in Port Harcourt reaffirms $100 million judgment against China National Petroleum Corporation in favor of Cutra International over OPL 471 oil block dispute.
Peace-Building Initiative Launched to Tackle Insecurity in Enugu
Association for a Better Society launches peace-building and behavioural change programme in Enugu to address insecurity and poverty, with economic empowerment for communities.
CIBN Unveils Six-Pillar Strategic Framework for Growth
The Chartered Institute of Bankers of Nigeria (CIBN) launches the IMPACT Agenda, a six-pillar strategic framework for 2026-2028 to drive industry growth and global relevance.
Heirs Insurance Gets Double FT Growth Recognition
Heirs Insurance Group secured two spots on the 2026 FT ranking of Africa's fastest-growing companies, with Heirs Life Assurance at 7th and Heirs General Insurance at 41st.
CIPM Emphasizes Inclusive Workplaces for Productivity
CIPM highlights inclusive workplaces as key to productivity and creativity during its 70th induction ceremony, inducting over 1,500 new HR professionals.
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CAC Portal Outage Stalls New Business Registrations
The Corporate Affairs Commission's online portal remains down, halting new business registrations, name reservations, and corporate filings across Nigeria.
Nigeria Pushes Regional Ports Expansion as $27bn Investment Hits
Nigeria and West/Central Africa see $27bn in port investments. Minister Oyetola announces new deep seaports, upgrades, and security gains at PMAWCA meeting in Lagos.
DMO Auctions N600 Billion Bonds at 22.6% Yield
The Debt Management Office auctioned N600 billion in reopened FGN bonds at yields up to 22.6%, continuing its strategy to deepen the domestic debt market amid high interest rates.
Deficits, Debt, Economic Literacy: Response to Fiscal Critics
Nigeria's Budget Office DG defends fiscal policies, arguing deficits and debt are necessary for economic stability and growth amid structural reforms.
Mandatory Tax ID for All Nigerians Implemented
The Nigeria Revenue Service has implemented a mandatory Taxpayer Identification system for all taxable persons to strengthen tax administration and transparency.
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Oron Maritime University Delay Sparks Stakeholder Protest
Stakeholders in Oron have protested the four-year delay in operationalising the University of Maritime Studies, warning it undermines Nigeria's blue economy goals.
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