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Category : Business
Nigeria Lets Dangote Set Fuel Price as Cost Hits N1,500
Nigeria rules out fuel subsidy and price controls, leaving Dangote Refinery and market forces to set prices as petrol surges to N1,500 per litre.
Nigerian Man Wins Jerry Eze Foundation Grant
A Nigerian entrepreneur, Ime Joseph Bassey, wins a $3,000 grant from the Jerry Eze Foundation, selected from over 9,000 applicants to expand his oil palm business.
Tulupay Launches Pan-African Financial Operating System
Tulupay prelaunches a pan-African Financial Operating System to unify fragmented payment systems, reduce costs, and boost cross-border trade under AfCFTA.
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FG Backs Tourism Infrastructure Plan for Economic Growth
Nigeria's government supports a new infrastructure-driven tourism plan to reposition the country as a global destination, focusing on investment and diversification.
GMYT Fashion Academy Inducts 21 Entrepreneurs in Lagos
GMYT Fashion Academy inducted 21 emerging entrepreneurs in Lagos, reinforcing its commitment to nurturing young talents and promoting socio-economic development through fashion.
Stakeholders Develop Strategy for AU-Kampala Food Security
Stakeholders under CONSA are developing a strategy to support Nigeria's implementation of the AU Kampala Declaration on food security, focusing on coordination and policy influence.
GMYT Fashion Academy Inducts 21 Emerging Entrepreneurs
GMYT Fashion Academy inducted 21 emerging entrepreneurs in Lagos, empowering youth with fashion skills and entrepreneurial knowledge for socio-economic development.
Flexmobile Aims for June Launch After Regulatory Nod
Hazon Technologies' MVNO brand Flexmobile is set for commercial launch on June 1, 2026, pending final NCC approval. The company has secured partnerships with IMBIL and Airtel Nigeria.
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Banks Seize Airtime Loan Market from MTN, Airtel with Cheaper Rates
Nigerian banks like GTBank, FirstBank, and FCMB are taking over the airtime and data lending market from telcos with lower interest rates, reshaping a N400 billion industry.
Nigerian Graduate Opens Provision Store After Job Search Fails
A Nigerian graduate with a second-class upper degree started a provision store after struggling to find a job. An anonymous donor on X helped fund her business.
Mustafa Bello Named Zenith Bank Chairman, Succeeds Jim Ovia
Engr. Mustafa Bello has been appointed Chairman of Zenith Bank Plc, succeeding Jim Ovia, who retired after 12 years. Bello brings vast public and private sector experience.
Selling Ice Blocks Better Than Following Politicians - Adeyanju
Activist Deji Adeyanju criticizes young Nigerians serving as aides to politicians, urging them to pursue entrepreneurship instead.
Naira Falls to N1,366.56 as Dollar Demand Surges
The naira depreciated to N1,366.56 per dollar amid rising foreign payment demands and reduced CBN interventions, as banks like Access, UBA, and Zenith quoted higher exchange rates.
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Nigeria Passport Rises to 89th, Visa-Free Access Drops
Nigeria's passport climbs six places to 89th on Henley Index, but visa-free destinations drop from 46 to 44, reflecting mixed travel mobility for citizens.
MMA2 Settlement Shows Need for Stronger PPP Reforms
The MMA2 settlement ends a 20-year dispute but reveals weaknesses in Nigeria's PPP framework. Reforms needed for contract discipline, dispute prevention, and institutional enforcement.
Pricing Gaps Stall Crude Offtake by Local Refiners
Pricing disagreements between producers and domestic refiners led to only 28.5 million barrels of crude taken out of 68.7 million offered in Q1 2026, says NNPCL.
MMA2 Settlement: FG, BASL End Two-Decade Feud, Boosting Aviation
The resolution of the MMA2 dispute between FG and BASL ends a 20-year feud, unlocking investments and boosting the Lekki-Epe Airport project.
Bad Loans Crisis: Shareholders and Directors, Not CBN, to Blame
The article argues that the bad loans crisis in Nigeria's banking sector stems from shareholders and directors, not the CBN, emphasizing legal duties and shared governance.
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Strong inter-agency coordination boosts port efficiency
Lack of coordination among 18 maritime agencies causes bottlenecks, delays, and corruption. Experts urge unified framework to enhance trade competitiveness and unlock blue economy potential.
Zenith Bank Shareholders Get N410.69b Dividend, Bello New Chairman
Zenith Bank shareholders approved N410.69 billion total dividend for 2025. Founder Jim Ovia retired after 12-year tenure, succeeded by Mustafa Bello as Chairman.
FinTribe, SEC Educate Women on Capital Market Investments
At the Ministry of Women Affairs 'Give to Gain' summit in Abuja, FinTribe partnered with SEC to educate women on capital market investments and financial empowerment.
Green Port to Unlock N530bn Yearly, Create 50,000 Jobs
SEREC says green port and marine biomass can unlock N530bn yearly, create 50,000 jobs, attract N450bn investment, and boost non-oil exports.
MOWCA to Harmonise Regional Maritime Training
MOWCA aims to harmonise maritime training across West and Central Africa to bridge human capital gaps and meet global standards, fostering collaboration among regional institutions.
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Cartoon: Nigeria's Economic Challenges and Government Response
A cartoon highlights Nigeria's economic struggles, including inflation and unemployment, and critiques the government's response. It calls for effective policies.
Importers Save N4 Million Per Container at Cotonou
Nigerian importers save up to N4 million per container by diverting cargo to Cotonou port due to high shipping and port charges in Lagos, warns IMAN.
GSMA Urges Tax Reforms for Digital Inclusion in Africa
GSMA calls on African governments to implement tax reforms, including duty exemptions on smartphones and telecom equipment, to accelerate digital inclusion and bridge the connectivity gap.
LASAA Launches Digital Directory, One App for Ads
LASAA has launched a digital directory and the LASAA One App to streamline advertising services, enhance transparency, and regulate the Out-of-Home advertising sector in Lagos State.
Asaba Airport Deploys Automated Parking for Efficiency
Asaba Airport Company has deployed an automated parking system to enhance efficiency, improve traffic flow, and boost revenue through cashless payments.
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Experts Demand Improved Infrastructure for Market Growth
Experts at the FSDH Investors Conference called for stronger collaboration, improved infrastructure, and trust to build a smart and inclusive financial market in Nigeria.
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