PenCom Approves Pension Funds for Dangote Refinery IPO
PenCom has approved pension assets for Dangote Refinery's IPO, allowing PFAs access to N29.5 trillion funds for investment in Africa's largest refinery.
Category : Business
Fresh Inflation Fears May Alter CBN Policy Plan, Economists Warn
Economists express concern over rising inflation, which may prompt the CBN to reconsider its cautious rate cut programme. April inflation hit 15.69%, driven by food and energy costs.
BOI Chief: Profit Alone Cannot Define Success Without Impact
Bank of Industry MD Olasupo Olusi says loan disbursements and profitability are insufficient without measurable development impact, unveils new strategy focused on youth, climate, and MSMEs.
Abbey Mortgage Bank Virtual AGM Set for May 25, 2026
Abbey Mortgage Bank will hold its virtual Annual General Meeting on May 25, 2026, themed 'Shaping the Future', focusing on digital innovation and shareholder engagement.
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Wigwe's Death Nearly Derailed Bayelsa Power Project
Bayelsa Governor Douye Diri reveals that the death of Access Bank CEO Herbert Wigwe almost scuttled the state's gas-powered electricity project, now commissioned.
Telcos Airtime Loan Freeze Continues Despite Court Orders
Nigeria's telecoms keep airtime loan suspension despite court orders, affecting 40 million subscribers. FCCPC defends regulations amid regulatory silence.
Nigeria Firm on Shea Nuts Ban, Says Minister
Nigeria reaffirms ban on raw shea nuts export to boost local processing and value addition, as announced at the Global Shea Alliance Conference in Ghana.
LOTUS Bank Backs FG CNG, EV Mobility Programme
LOTUS Bank partners with Presidential Initiative on CNG and EV to support cleaner transportation, financing infrastructure and fleet conversion across Nigeria.
S&P Upgrade: Impact on Nigeria's Economy Explained
S&P upgrades Nigeria's credit rating to 'B' after 14 years. Analysts weigh benefits and limitations for citizens amid inflation and reform challenges.
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BoA Unveils Initiatives to Stabilise Food Prices
The Bank of Agriculture launches programmes to stabilise food prices and protect farmers from market volatility, partnering with the Nigerian Air Force to boost mechanised farming.
NDPHC to Supply Lagos with Extra 1,500MW
The Niger Delta Power Holding Company plans to supply an additional 1,500MW to Lagos State to address its electricity deficit, currently receiving only 1,000MW against a demand of 12,000MW.
ASHRAE Nigeria Yearly Lecture Set for May 19-22, 2026
ASHRAE Nigeria chapter, in collaboration with Mega Clima, hosts its yearly distinguished lecture from May 19-21, 2026, focusing on national codes and sustainable building design.
Dangote: Africa Can Achieve Food Self-Sufficiency and Export
Aliko Dangote reaffirms Africa's capacity for food self-sufficiency and export, announcing over $4 billion investment in Ethiopia's fertiliser plant with PM Abiy Ahmed.
Downstream Sector Faces Stress Test Over Energy Security
Legal battles and regulatory clashes threaten Nigeria's fuel supply, as Dangote Refinery sues NMDPRA over import licenses, sparking concerns over energy security and investor confidence.
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Diaspora Projects Can Attract Foreign Investment to Nigeria
Stella Okengwu explains how diaspora initiatives can boost foreign direct investment in Nigeria through trust, strategic partnerships, and policy reforms.
CIBN Inaugurates Accion MD as Governing Council Member
The Chartered Institute of Bankers of Nigeria (CIBN) has inaugurated Mr Taiwo Joda, MD of Accion Microfinance Bank, as an elected member of its Governing Council.
36 Women's Rights Groups Complete Capacity Building Training
Thirty-six women's rights organisations across Nigeria undergo capacity training under the RWVL-N Project, funded by Global Affairs Canada and implemented by ActionAid Nigeria.
Heirs Insurance Firms Rank Among Africa's Fastest-Growing
Heirs Life Assurance and Heirs General Insurance ranked 7th and 41st in Financial Times' Africa's Fastest-Growing Companies 2026, driven by digital and retail strategies.
BOA Targets $3B Ginger Export by 2028
The Bank of Agriculture unveils plans to stabilize food prices, protect farmers, and boost ginger exports to $3 billion by 2028 under President Tinubu's agricultural agenda.
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Oyetola to Declare PMAWCA Board Meeting Open
Minister Gboyega Oyetola will open the PMAWCA Board meeting in Lagos, hosted by NPA, focusing on future ports and regional maritime development.
BOA Unveils Food Price Plan to Buy Excess Farm Produce
The Bank of Agriculture launches a food price stabilisation plan, buying surplus produce from farmers to curb volatility and reduce post-harvest losses.
From Teacher to N170m Palm Oil Entrepreneur: Safiyat Bello
Safiyat Bello transformed from a mocked teacher to a N170m palm oil entrepreneur, overcoming stigma and building Quad K Industrial Services.
Oyetola Opens PMAWCA Meeting on Port Resilience in Lagos
Nigeria's Minister Gboyega Oyetola opens the PMAWCA Board meeting in Lagos, focusing on port resilience, regional trade, and community development with West and Central African stakeholders.
AfDB Approves $200m for BoI to Boost MSMEs
The African Development Bank has approved a $200 million facility for the Bank of Industry to support MSMEs, women, and youth entrepreneurs in key sectors of Nigeria's economy.
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FMBN CEO: Housing Financing to Be More Accessible, Investment-Friendly
FMBN MD/CEO Shehu Usman Osidi pledges to make housing financing more accessible, responsive, and investment-friendly to bridge Nigeria's housing deficit through PPPs.
Google $135M Android Settlement: How to Claim Your Payment
Millions of Android users may qualify for a share of Google's $135 million settlement over alleged unauthorized data transmission. Learn how to check eligibility and submit a claim.
FEC Approves NITT Smart Transport Data Bank Project
The Federal Executive Council approved the Smart National Transport Databank Project by NITT, a digital platform to integrate real-time transport data for policy, safety, and economic growth.
BPP unveils new guidelines to curb contract cost inflation
The Bureau of Public Procurement has issued new rules requiring BPP certification for all contract variations to prevent cost inflation and ensure value for money in federal projects.
Bauchi Permanent Secretary Dies During Hajj in Saudi Arabia
Shehu Yahaya Jalam, Permanent Secretary in Bauchi State, died in Makkah after a brief illness while participating in the 2026 Hajj pilgrimage.
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Zuma Agric Radio Flags Off 2026 Planting Season
Zuma Agric Radio officially flagged off the 2026 planting season in Suleja, Niger State, with farmer training, input distribution, and a focus on food security.
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