NBS to Release Q1 GDP, Capital Importation Reports
NBS set to publish Q1 2026 GDP and capital importation data, while AfDB annual meetings begin. Dangote plans $2bn refinery fundraising, NCAA sanctions airlines, NCC reviews telecom policy.
Category : Business
Cooking Gas Price Hits N2,000/kg Amid Depot Scarcity
Nigerian households face soaring LPG prices as depot scarcity pushes retail cost to N2,000/kg. Experts urge government intervention to ease the burden.
NCAA Suspends No Pay, No Service Over N12bn Airline Debts
The Nigerian Civil Aviation Authority has suspended its 'No Pay, No Service' directive for 11 airlines owing N12 billion in statutory charges, citing fuel costs and industry stability.
Paystack Founders: Shola Akinlade and Ezra Olubi Biography
Discover the inspiring journey of Paystack founders Shola Akinlade and Ezra Olubi, Nigerian entrepreneurs who sold their fintech startup to Stripe for $200 million.
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NTTF President Seeks Customs Duty Waivers for Sports Gear
Dr Adesoji Tayo, NTTF president, calls on the federal government to grant sports federations concessions to clear imported equipment without paying customs duties, citing high costs hindering athlete training and performance.
Nigeria Power Crisis to Persist Without Grid Reforms: Don
Prof. Peter Olabisi Oluseyi warns Nigeria's electricity shortages are now an economic threat, urging decentralised systems and grid reforms to end the crisis.
WUF13 Delegates Urge Stronger Global Action on Housing Crisis
Delegates from 176 countries at WUF13 in Baku call for renewed action to address the global housing crisis, emphasizing integrated solutions and climate resilience.
PAC Research Proposes Incremental Housing, Finance Boost
PAC Research reports recommend incremental housing models, deeper finance penetration, and PPPs to address Nigeria's housing deficit, highlighting trillion-naira investment opportunities.
Navy, Police Deny Bonny Channel Blockade After Collision
The Nigerian Navy and Police dismissed claims that the Bonny Channel was blocked after MV Maersk Valparaiso collided with MT Lady Martina. NIMASA investigates.
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Nigeria's Economic Woes in Cartoon
A cartoon highlights Nigeria's economic struggles, including inflation and unemployment, reflecting public sentiment on current hardships.
Retail Investors Seek Dangote Refinery IPO Allocation
Nigerian retail shareholders call for dedicated IPO allocation at Dangote Refinery, warning against institutional dominance and urging SEC and NGX to ensure public participation.
152,000 Retirees to Get Free Healthcare Under Annuity Scheme
The Federal Government plans to extend free healthcare to 152,000 retirees under the retiree life annuity scheme, enhancing social protection for pensioners.
CPPE Warns Against Blanket Import Liberalisation
CPPE warns that unbridled import liberalisation could harm Nigeria's industrial development, urging protection of domestic production over import dependence.
Naira Weakens to N1,375.5/$ as Reserves Hit $48.72b
Naira depreciates 0.32% to N1,375.46/$ despite external reserves rising to $48.72bn. Parallel market also weakens. Analysts expect continued pressure.
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MPC Holds Rate at 26.5%: Implications for Nigeria's Economy
The MPC left the monetary policy rate unchanged at 26.5%, citing caution amid renewed inflation. Analysts debate the decision's impact on growth, exchange rate, and banking resilience.
Nigeria, RwandAir Partner to Expand Export Routes Under AfCFTA
Nigeria partners with RwandAir to expand AfCFTA air cargo corridor to Kigali, Harare, and Lusaka, reducing export costs to under $2 per kilogram.
Africa's 2.8B Population by 2060: Socioeconomic Crisis Looms
Former Edo Governor Godwin Obaseki warns that Africa's projected 2.82 billion population by 2060 may cause a severe socioeconomic crisis unless education and employment systems are rethought.
Duty Cuts: Limits of Cheaper Imports on Economy's Sustenance
Nigeria's duty cuts on essential goods offer short-term relief but risk undermining local production and long-term economic transformation, exposing policy contradictions.
Anatomy of Reform 8: Local Production and Import Substitution
Analysis of Nigeria's industrial localisation under Tinubunomics, using currency devaluation to force import substitution, and the challenges of energy costs and capital goods.
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Nigerian Navy Pledges Resilient Tech-Driven Operations
The Nigerian Navy vows to enhance adaptability and technology in protecting maritime assets, as stated by CNS Vice Admiral Idi Abbas during the 70th anniversary interdenominational service.
NCC Sets New Rules for Virtual Network Operators
The NCC has released updated business rules for MVNOs, covering integration, revenue sharing, and consumer protection to boost competition and service quality.
Niger State Woos Dangote for Bida Basin Oil
Niger State government calls on Dangote Group and private investors to explore crude oil in Bida Basin, offering a JV-PPP model with minimal state stake.
Rising demand fuels unregulated mining in Nigeria
Unlicensed sand, granite, and laterite mining surges across Nigeria due to construction boom, causing erosion, biodiversity loss, and infrastructure damage, experts warn.
Cooking Gas Price Hits N1,500/kg, Crisis Worsens
The Nigerian Association of Liquefied Petroleum Gas Marketers warns that cooking gas now sells above N1,500 per kg, threatening clean energy progress and burdening households.
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UN, NCF Call for Urgent Action on Biodiversity Loss
The UN and Nigeria Conservation Foundation urge accelerated action to reverse biodiversity loss, warning of climate change, pollution, and exploitation threatening nature and livelihoods.
Stakeholders Seek Regulation of Aesthetic Medicine Industry
Stakeholders call for stronger regulation and training in Nigeria's aesthetic medicine sector to ensure patient safety and reduce medical tourism outflows.
Stakeholders Urge Developers to Explore Lagos Mainland
Stakeholders call on property developers to invest in Lagos Mainland real estate, focusing on student housing and mixed-use projects, while urging government to reduce approval costs and prevent displacement.
Firm Urges Property Market Reforms to Tackle Bureaucracy
Messrs Ubosi Eleh and Company calls for urgent property market reforms in Nigeria, citing poor land documentation, weak regulation, and limited data access as key constraints.
NCAA Bars Air Peace, Ibom Air, ValueJet, 8 Others
The NCAA has barred 11 Nigerian airlines, including Air Peace and Ibom Air, from regulatory services over alleged debts, sparking industry concerns.
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Christ Embassy Launches Major Kenya Feeding Initiative
Christ Embassy announces a major feeding initiative in Kenya, aiming to reach up to five million people weekly by end of 2026 to combat food insecurity.
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