BOI and GIZ Partner to Drive Nigerian Enterprise Growth
Bank of Industry and GIZ sign a partnership to enhance access to finance, entrepreneurship, and climate investments for MSMEs in Nigeria, aiming to foster sustainable economic development.
Category : Business
Niger Revenue Service Denies Irregularities in Operations
The Niger State Internal Revenue Service refutes media claims of operational irregularities, emphasizing transparency and highlighting revenue growth from N600 million to N5 billion monthly since 2021.
Keyamo Laments $2.5bn Cost, UNA Records Fifth Bird Strike
Aviation Minister Festus Keyamo highlights Africa's $2.5 billion annual loss to foreign MROs, urging local development. Meanwhile, United Nigeria Airlines reports its fifth bird strike incident since January 2026.
BOI, GIZ Partner to Fund and Train Nigerian Businesses
The Bank of Industry and German development agency GIZ have signed a partnership to provide financing, capacity building, and market access for Nigerian MSMEs, with focus on renewable energy and women's empowerment.
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Nigeria's Debt Hits N159.28 Trillion, Raising Funding Risks
Nigeria's public debt has surged to N159.28 trillion, with experts warning of funding risks and sustainability concerns as debt service costs consume revenue and fiscal deficits widen.
AAJ Express Launches Tech Solutions for Logistics Growth
AAJ Express Logistics Limited has introduced three innovative apps, including AAJ Send and TransportPro, to streamline nationwide and international shipments, marking a milestone for indigenous logistics firms in Nigeria.
Firm Supports African Governments to Improve Governance Standards
Structure HQ's founder, Gbeminiyi Shoda, outlines a vision to make institutional-grade governance accessible to African businesses, enhancing global competitiveness and sustainable growth through integrated services.
Inflation Rises to 15.38% in Nigeria Due to Supply Chain Issues
Nigeria's inflation rate increased to 15.38% in March 2026, driven by global supply chain disruptions from the Israel-U.S.-Iran war, with food inflation at 14.31% and state-level variations highlighting economic pressures.
Nigerian Airlines to Shut Down April 20 Over Fuel Costs
Domestic airline operators in Nigeria plan to halt all flight operations from April 20, 2026, due to skyrocketing jet fuel prices and alleged unfair pricing by suppliers, threatening nationwide travel disruptions.
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Nigeria Seeks Higher ICAO Safety Rating in New Audit
Nigeria's Civil Aviation Agency is optimistic about achieving a higher safety score as ICAO begins a follow-up audit, building on previous improvements and training initiatives.
Airlines Accuse Marketers of Jet Fuel Price Manipulation
The Airline Operators of Nigeria have accused major oil marketers of artificially inflating Jet A1 prices by over 300%, threatening a nationwide strike if not addressed by April 20, 2026.
Keyamo Laments $2.5bn Cost as United Nigeria Airlines Has Fifth Bird Strike
Aviation Minister Festus Keyamo highlights Africa's $2.5 billion annual loss to foreign maintenance providers, urging local MRO development, as United Nigeria Airlines records its fifth bird strike incident since January 2026.
NPA Reforms to Boost Nigeria's Cargo Traffic and Maritime Role
NPA Managing Director Dr. Abubakar Dantsoho highlights reforms to increase Nigeria's cargo traffic share from 25% to match its 60% West African GDP dominance, aiming for maritime hub status.
Dangote Named in TIME 100 Most Influential People 2026
Nigerian industrialist Aliko Dangote has been included in TIME Magazine's 2026 list of the 100 Most Influential People, alongside global leaders like Donald Trump and Pope Leo XIV.
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NERC Mini-Grid Reforms Boost Renewable Energy Projects
NERC's new mini-grid regulations, praised by REA's Abba Aliyu, aim to accelerate large-scale renewable energy projects by addressing regulatory bottlenecks and fostering innovation in Nigeria's off-grid power sector.
Ecobank Profit Up 21% on Payments and Lending Expansion
Ecobank Group reports a 21% rise in profit before tax to $801 million for 2025, fueled by strong performances in payments, lending, and trade finance across Africa.
NSITF, ISSA Collaborate to Strengthen Social Protection
Nigeria's NSITF partners with ISSA to host a technical seminar in Abuja, aiming to improve social security inclusivity and accessibility across West Africa through effective communication and regional cooperation.
Energia Appoints Bashorun as CEO After COO Tenure
Energia Limited has named Oladimeji Bashorun as its new CEO, following his role as COO. With over 20 years in oil and gas, including stints at Shell and Sahara, he aims to drive operational excellence and growth.
ICSAN Appoints Aniedi Amos as New Registrar/CEO
The Institute of Chartered Secretaries and Administrators of Nigeria has named Aniedi Amos as its new registrar and chief executive officer, citing his dedication to corporate governance.
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Oladiti Set to Lead NUPENG as Akporeha Exits Presidency
Salimon Oladiti, former PTD National Chairman, is expected to be elected NUPENG President on April 24 in Lagos, marking a historic first for the PTD branch. Outgoing President Williams Akporeha endorsed the transition after his eight-year tenure.
ILO: Jobs, Democratic Values Key to Economic Stability
The International Labour Organisation emphasizes that decent jobs, labor rights, and democratic participation are essential for building resilient economies amid global conflicts and uncertainty.
Lagos to Host Africa Social Impact Summit in July 2026
Lagos will host the Africa Social Impact Summit in July 2026, bringing together over 2,000 delegates to mobilize capital and partnerships for sustainable development across the continent.
Insurance Assets Hit N4.8 Trillion in Nigeria Q4 2025
Nigeria's insurance industry saw total assets grow by 7.4% to N4.79 trillion in Q4 2025, driven by premium growth and improved risk retention, with non-life and life segments showing balanced expansion.
Fragmented Data Undermines $50.8B Aviation Tech Spending
A new SITA report reveals that despite record $50.8 billion technology investments in 2025, fragmented data systems are preventing the global aviation industry from realizing full returns.
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Seplat Breaks N10,000 Barrier, Elumelu Stake Fuels NGX Rally
Seplat Energy becomes the first company to close above N10,000 per share on the Nigerian Exchange, driven by Tony Elumelu's strategic investment and strong financial results, adding N2.9 trillion in market cap.
Nigeria Ranks Sixth in Global Outsourcing Talent Index
Nigeria has secured the sixth position in the 2026 Ataraxis Global Outsourcing Talent Index, driven by strong English proficiency and competitive labor costs. The report highlights Africa's rising dominance in the global outsourcing market.
PenCom and TUC Partner for Pension Reforms to Secure Workers' Retirement
The National Pension Commission and Trade Union Congress have intensified their collaboration to implement pension reforms ensuring income security and dignified retirement for Nigerian workers, with initiatives like health insurance and minimum pension g
Nigeria Joins Global Platform to Negotiate $11.7 Trillion Debt
Nigeria and other developing economies launch a Borrowers' Platform to tackle $11.7 trillion in debt and $920 billion in annual servicing costs, aiming to strengthen negotiation power and debt management.
Investors Gain N2.28 Trillion as NGX Market Rallies
The Nigerian Exchange Limited (NGX) saw a massive rally, adding N2.28 trillion in value, with the market capitalisation crossing N134 trillion. Blue-chip stocks like Airtel Africa and MTN Nigeria led the gains.
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Edun: Energy Disruption, Inflation May Stall Reforms
Finance Minister Wale Edun warns that geopolitical strains, energy market disruptions, and inflation could slow reform momentum in developing countries, urging global financial reforms.
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