FCMB Offers N5 Million Zero-Interest Loans to Female Entrepreneurs
FCMB launches 2026 SheVentures programme with zero-interest loans up to N5 million for women-owned businesses, plus advisory and capacity-building support.
Category : Business
Abdulsamad Rabiu Hits $19B, Africa's 2nd Richest
Abdulsamad Rabiu overtakes Johann Rupert with $19 billion net worth. BUA Foods fuels his record $8.8 billion wealth surge, making him Africa's second-richest man.
Wema Bank Unveils 5for5 Season Five for Digital Growth
Wema Bank launches Season Five of its 5for5 Reward Scheme with over ₦170 million in rewards, targeting youth, women, and mass market segments to promote digital banking adoption.
DIWA Donates Electric Wheelchairs to Disabled in Niger
DIWA donated electric wheelchairs to persons with disabilities in Minna, Niger State, empowering them with mobility and independence.
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Elon Musk Nears Trillionaire Status as Dangote, Rabiu Lead Africa
Elon Musk is on track to become the world's first trillionaire, while Aliko Dangote and Abdulsamad Rabiu continue to dominate Africa's wealth rankings, highlighting contrasting wealth models.
Kaduna Govt Signs N50bn Flood, Erosion Contracts
Kaduna State Government signs contracts worth over N50 billion for flood and gully erosion control projects under the ACReSAL initiative, targeting Rigasa, Kawo, and Zaria.
ACCI Forum Mobilises Non-Interest Funding for Women
The Abuja Chamber of Commerce and Industry held a forum on May 8, 2026, to mobilise non-interest funding for women-owned businesses, addressing financing gaps and promoting inclusive access to finance for female entrepreneurs in Nigeria.
Blord Explains Heavy Security, Declares $300M Net Worth
In a resurfaced interview, Nigerian crypto billionaire Blord explains why he moves with armed guards and declares his $300 million net worth, sparking mixed reactions online.
CILT Urges Formalisation of Maritime Trade for AfCFTA
CILT Calabar chairman urges Nigeria and Gulf of Guinea nations to formalise maritime trade to maximise AfCFTA benefits, citing revenue losses from informal activities.
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Abdul Samad Rabiu Becomes Africa's Second Richest Man
Abdul Samad Rabiu, founder of BUA Group, surpasses Johann Rupert to become Africa's second wealthiest person with a net worth of $18.6 billion, according to Bloomberg.
FG Launches Mine-Tech UniPod for Mining Innovation
The Federal Government launched the Mine-Tech UniPod at Nasarawa State University to boost innovation, industrialisation, and transition from raw mineral exports to a tech-driven mining economy.
Wike Slams NBA Over Judicial Housing Projects Criticism
Minister Nyesom Wike dismisses NBA's criticism of judicial housing projects, insisting they do not undermine judicial independence and accusing the association of hypocrisy.
Rano Air Suspends Flights Due to Fuel Price Surge, Offers Refunds
Nigerian airline Rano Air temporarily suspends some routes as Jet A1 fuel prices rise over 300%, offering refunds or rescheduling to affected passengers.
Visa Insights Show 20% Rise in Seasonal Spending in Nigeria
Visa reports a 20% year-on-year increase in premium card spending during Ramadan and Eid in Nigeria, driven by travel and retail.
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Court upholds $100m award against CNPC in OPL 471 case
Federal High Court in Port Harcourt reaffirms $100 million damages against China National Petroleum Corporation in favour of Cutra International over OPL 471 dispute.
GIDI Unveils Tallest Commercial Building in Sangotedo
GIDI Company unveils GIDI Mall 2.0, the tallest commercial building in Sangotedo, Lagos, redefining business visibility and investment in the Ajah-Sangotedo corridor.
Naira to Gain, Cedi to Weaken: West Africa Currency Outlook
Economists predict Nigeria's naira will strengthen against the USD in May 2026, while Ghana's cedi faces pressure from corporate demand and tight FX supply.
NESREA Reaffirms EPR Implementation with Cooperative Model
NESREA reaffirms steps to implement Extended Producer Responsibility (EPR) through a cooperative-led model, integrating informal waste workers into formal systems for inclusive growth.
Ogun Dismisses Report of Saudi Airline Rejecting Gateway Airport
Ogun State Government refutes claims that Flynas rejected Gateway Airport for Hajj, attributing flight rearrangement to slot issues, not safety concerns.
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Airtel Africa Profit Hits $813m, Nigerian Operations Lead Growth
Airtel Africa reports record profit of $813 million for FY 2026, driven by 47.5% revenue surge in Nigeria and strong data growth.
Rosefield Industries Launches Abuja Estate for Diaspora
Rosefield Industries Ltd flags off Maliyah Hills Estate in Abuja, a diaspora-friendly investment hub targeting local and foreign buyers with modern, secure housing.
Banks Disrupt Airtime Lending with Cheaper USSD Loans
Nigerian banks now offer cheaper airtime and data loans via USSD after telcos suspended services. GTBank leads with 2.95% interest, reshaping the N400 billion market.
Landgate Investments to Deliver 800 Housing Units in Lagos, Ogun
Landgate Investments pledges over 800 housing units across Lagos and Ogun states, including student hostels and affordable homes, with phased delivery starting Q2 2026.
FG Approves New Salary Structure for NiMet Workers
The Nigerian government has approved a new salary structure and enhanced condition of service for NiMet staff, effective June 1, 2026.
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CSO Backs NNPC-China Refinery Deal to End Fuel Import Dependence
Nigeria Citizens Watch for Good Governance supports NNPC's refinery partnership with Chinese firms, saying it could end fuel import dependence and boost local refining.
Tegbe Denies Fixing Power Grid in 3 Months
Nigeria's Power Minister-designate Joseph Tegbe denies promising to fix the electricity grid in three months, calling reports a misrepresentation.
CBN, GTBank Update Dollar Exchange Rates as Naira Strengthens
The naira appreciated against the dollar in the official market, closing at N1,355.85/$1. GTBank maintained its rate at N1,375/$1 for international transactions.
Airports Out of Fuel Warns Lufthansa CEO Amid Iran Crisis
Lufthansa CEO warns airports are running out of jet fuel due to Iran crisis. Experts predict 85,000 flights could be cancelled in June if shortages persist.
Vantage App Upgrades Mobile Charting for Nigerian Traders
Vantage Markets launches an upgraded app with TradingView-powered charting, offering Nigerian traders 14+ indicators, custom watchlists, and direct trade execution on mobile.
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FirstHoldCo Plc Q1 Profit Surges 72.2%, Leads ROE
FirstHoldCo Plc posts 72.2% profit jump in Q1 2026, with PBT hitting N321.12 billion and ROE soaring to 31.6%, driven by balance sheet reset and loan growth.
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