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.
Category : Business
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.
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.
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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.
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.
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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.
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.
Lady Builds Gas Station with N2 Million Capital
A young Nigerian lady built a cooking gas retail station from scratch using N2 million capital. Her journey from empty land to branded facility sparks online buzz.
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BATNF Wins Best Sustainability in Agriculture Award
BATN Foundation received the Best Sustainability in Agriculture & Food Security Award at the West Africa Innovation Awards 2026, recognizing its impact on agriculture and rural livelihoods.
Headway Broker: Accessibility, Promotions, Apps for Nigerians
Discover how Headway broker is transforming forex trading in Nigeria with low minimum deposits, welcome bonuses, and mobile apps. A beginner-friendly platform for aspiring traders.
Professional Invoice Layouts Boost Business Billing Efficiency
Businesses adopt professional invoice layouts and digital billing systems like Zintego to improve cash flow, reduce errors, and strengthen customer trust. Learn how modern invoicing transforms operations.
CBN Unveils 8 New BVN and Mobile App Rules Starting July 1, 2026
The Central Bank of Nigeria introduces new BVN and mobile banking rules effective May 1 and July 1, 2026, including a 24-hour fraud watchlist, age limit for BVN, and transaction limits on new devices.
Solar Expert Lists 8 Factors Damaging Tubular Batteries
A solar expert warns that tubular batteries can fail early due to deep discharge, poor charging, overcharging, and other issues. He shares prevention tips to extend battery life.
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SEC Sets June 1 for T+1 Settlement in Nigeria
Nigeria's SEC announces June 1, 2026, as the transition date to a T+1 settlement cycle for equities and commodities, aiming to boost market efficiency.
Heirs Insurance Group on Financial Times Africa Fastest-Growing List
Heirs Life Assurance and Heirs General Insurance have been named among the 2026 Financial Times list of Africa’s Fastest-Growing Companies, ranking 7th and 41st respectively.
NRS Launches Unified Taxpayer ID System in Nigeria
Nigeria Revenue Service introduces a unified Tax ID replacing previous frameworks, using NIN for individuals and CAC for businesses, to modernize tax administration.
Nigeria Expands Port Capacity to Lead Regional Trade
Minister Adegboyega Oyetola announces Nigeria's port expansion and reforms to become a leading trade hub, as PMAWCA board meeting begins in Lagos.
CBN Relaxes PTA and BTA Rules: 25% Cash Access from June 1
CBN partially relaxes cashless rule for PTA and BTA, allowing 25% cash access for travellers from June 1, 2026, in a move to ease foreign exchange access.
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FirstBank, Visa Launch Visa Signature Premium Card for Affluent
FirstBank and Visa have launched Visa Signature, a premium card for Nigeria's affluent segment, offering global travel benefits, lifestyle privileges, and curated merchant offers.
FirstBank, Visa Launch Naira Debit Card for Cashless Push
FirstBank and Visa launch the Naira Visa Debit Card, offering affordable, widely accepted electronic payments to millions of Nigerians, supporting the nation's cashless economy drive.
CBN Reforms Boost Nigeria's S&P Rating to B
Nigeria's S&P credit rating upgrade to B reflects CBN's FX reforms, backlog clearance, and reserve growth, enhancing macroeconomic credibility.
Petrol Prices Surge Across Nigeria as Crude Hits $110
Petrol prices rise across Nigeria as Brent crude surpasses $110 per barrel. Depot operators and filling stations adjust rates, straining household budgets amid global supply concerns.
NPA Pensioners Protest Unpaid Benefits in Lagos
Retired NPA workers protested in Lagos, demanding pension increments and improved welfare amid economic hardship, with some receiving as low as N30,000 monthly.
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Germany Deepens Development Cooperation with Nigeria
Germany is seeking to deepen economic and development cooperation with Nigeria through stronger business partnerships, vocational training, and private sector investments.
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