SWDC Gets Rail Licence for Economic Growth
The South West Development Commission has secured a provisional rail operating licence from the NRC to boost regional connectivity and economic transformation across the Southwest.
Category : Business
Petrol Depot Prices Rise as Global Crude Oil Costs Surge
Depot operators like AP and MRS hike petrol prices to N1,280-N1,290/litre due to global crude volatility, triggering pump price increases and straining Nigerian households.
Maxitech Global Powers Nigeria's Digital Growth with Hardware
Maxitech Global Investment Limited bridges the hardware gap in Nigeria's digital transformation, distributing over 100,000 devices and partnering with global tech manufacturers.
Naira Falls as CBN Releases New Exchange Rates
The Nigerian naira declined at the official forex market as reduced dollar turnover signals tight liquidity. Businesses face higher costs amid ongoing CBN reforms.
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How to Block Your Jaiz Bank Account After Compromise
Learn how to block your Jaiz Bank account using USSD code, customer care, mobile app, or branch visit. Secure your account after suspicious activity.
Tourism must be institutionalised for sustainable growth
Stakeholders urge federal and state governments to institutionalise tourism policies for continuity, citing failed initiatives tied to individuals rather than institutions.
TCN Adds 600MW to Grid via Edo Transmission Project
TCN completes Ihovbor/Benin and Ihovbor/Ajaokuta 330kV transmission project, adding 600MW to Nigeria's national grid and improving power evacuation.
Nigeria Egg Crisis: Prices Soar, Protein Becomes Luxury
Rising production costs push egg prices to record highs in Nigeria, forcing households to cut back on this essential protein source, with dire health implications.
Health Groups Urge Stronger Action Against Salt Consumption
Health groups in Nigeria call for stronger measures to curb excessive salt consumption, warning of hidden salt in processed foods and rising hypertension.
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Piecemeal solutions will not end aviation sector crisis
Managing Director of Flights & Logistics Solution Limited, Amos Akpan, discusses the aviation sector's challenges, urging holistic policies over piecemeal solutions.
Insurers Urged to Prioritise Prompt Claims Settlement
Industry stakeholders call on insurers to prioritise prompt claims settlement to rebuild public confidence, deepen penetration, and boost economic contribution.
GRDS Upgrades Platform for Remote AGM Access
Greenwich Registrars upgrades G-Ease platform with live streaming for remote AGM access, enabling shareholders to follow proceedings from anywhere via mobile devices.
IFC Eyes Major Investments in Nigeria's Key Sectors
IFC announces plans to invest in Nigeria's livestock, energy, and housing sectors. World Bank L-PRES project reaches 1.4 million beneficiaries across 20 states.
CIBN Investiture for Alabi as 24th President Tomorrow
The Chartered Institute of Bankers of Nigeria will hold the investiture for Dr Oladele Alabi as its 24th President on May 16, 2026, in Lagos.
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Eterna Shareholders Approve 50 Kobo Dividend
Shareholders of Eterna Plc have approved a 50 kobo dividend per share following the company's 33rd AGM, where revenue of N302.4 billion was reported for 2025.
Nigeria, Germany Sign €65m Development Pact
Nigeria and Germany signed a €65 million development pact in Abuja, focusing on agriculture, energy, health, and skills. Germany also pledged €300 million in export credit guarantees.
Firms Commit to Training Young Engineers for Power Sector
Sahara Power and Egbin Power launch a 10-month programme for 50 graduate engineers, focusing on technical skills and safety to boost Nigeria's electricity sector.
LASG Faces Consequences of Waterway Over-Exploitation
Lagos State warns of economic and environmental risks from indiscriminate dredging, as sand scarcity drives costs up and disrupts marine ecosystems.
Heirs Holdings Units Among Africa's Fastest-Growing
Three Heirs Holdings portfolio companies rank among Africa's top 50 fastest-growing businesses in the 2026 Financial Times list, highlighting strong growth and innovation.
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Nigeria Seeks Donors for $6 Billion Ogoni Clean-Up
Nigeria struggles to fund the $6 billion Ogoni clean-up, prompting a donor conference. Over 130 projects are ongoing, but funding gaps persist.
Pioneer Airlines Gets AOC, Federal Government Backs State-Owned Carriers
The Federal Government supports state-owned airlines as Pioneer Airlines receives its Air Operator Certificate from the NCAA, enabling commercial flights.
Oyeyemi to deliver lecture on Nigeria's logistics sector
City Business News marks 10th anniversary with lecture by Boboye Oyeyemi on logistics as engine of Nigeria's economy, featuring key industry stakeholders.
LAMATA, RTEAN Seek Modernisation of Lagos Bus System
LAMATA and RTEAN discuss modernising bus operations in Lagos under the Bus Reform Initiative, focusing on vehicle standards, cooperatives, and digital ticketing.
Nigeria Spent N6.54 Trillion on Imported Spare Parts
NADDC reveals Nigeria spent N6.54 trillion on imported spare parts in 2025, urging local manufacturing to reduce dependency and leverage AfCFTA opportunities.
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Stakeholders Warn of Tougher Q2 for Transport, Auto Sector
Industry experts project rising transport costs, higher vehicle prices, and increased EV interest in Nigeria's transport and automotive sector due to Middle East tensions.
Tinubu Projects $20bn FDI Inflow for Nigeria in 2026
President Tinubu projects nearly $20 billion FDI in 2026, citing transparency. APM Terminals pledges $600m, and he urges African commodity exchange.
US to deploy 30 million malaria repellents in Africa
The US Department of State unveiled a new initiative to deploy 30 million malaria repellents across Africa, protecting over 60 million people in three years.
Ekiti targets broilers production hub, 5,000 youth jobs
Ekiti State aims to become Nigeria's top broilers producer, targeting 5,000 youth jobs in the value chain through training and infrastructure.
SEC Warns Against Illegal Online Investment Schemes
The Securities and Exchange Commission warns Nigerians to avoid unregistered online investment platforms promising unrealistic returns, citing Ponzi scheme risks.
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AI to Transform Nigeria's Agriculture Sector
Artificial intelligence is set to transform Nigeria's agriculture sector through Project TAT AI, a coalition of engineers and researchers aiming to boost food sufficiency.
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