CBN Caps Transfer and ATM Fees in New 2026 Banking Guidelines
The Central Bank of Nigeria releases draft guidelines capping transfer and ATM fees, enhancing transparency and promoting digital payments.
Category : Business
Soueast Enters Nigeria, Plans Local Assembly by August
Soueast launches in Nigeria via Kewalram Chanrai Group, unveiling four SUV models. Local assembly of S06 and S07 begins August, backed by five-year warranty.
SOMEA to Honor Hidden Giants of Solid Minerals Sector
The Solid Minerals Excellence Awards (SOMEA) will take place on May 14, 2026 in Abuja, honoring key players in Nigeria's solid minerals sector, with Minister Dele Alake endorsing the event.
Mini-grid models achieve 95% connectivity boost
REA MD Abba Aliyu says interconnected mini-grids increase customer connections by over 95% and boost productive energy use, emphasizing collaboration for sustainable electrification.
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Bird Strikes: A Financial Drain for Nigerian Airlines
Rising bird strike incidents at Nigerian airports cost airlines billions annually, causing operational disruptions and safety concerns. Experts call for better data and wildlife management.
Oyedele warns against abrupt policy reversal
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
Dangote supplies 95% of Nigeria's Jet A1, exports 1.1bn litres
AON says Dangote Refinery supplies over 95% of Nigeria's Jet A1 and exported 1.1 billion litres to Europe, as Africa faces fuel shortfall.
FG rallies PPPs for trillion-dollar economy goal
Vice President Kashim Shettima calls for aggressive public-private partnerships to unlock national assets and attract global capital for Nigeria's economic development.
Providus Bank Opens New Branch in Ado-Ekiti
Providus Bank has opened a new branch in Ado-Ekiti, expanding its footprint in key growth markets as part of a 12-month national expansion plan.
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Northern Leaders Applaud Dangote's Time 2026 Mention
Business leaders across Northern Nigeria praise Aliko Dangote for being the only Nigerian on Time's 2026 list of 100 most influential people, highlighting his economic and philanthropic impact.
Coscharis Motors Offers Up to 10% Discount on Select Vehicles
Coscharis Motors Plc launches Easter promo with up to 10% discount on BMW, Land Rover, Ford, Renault, Geely and Grenadier, plus extended warranty and flexible financing.
Surulere Council Empowers 304 Residents with Cash Grants
Surulere Council distributed cash grants and business equipment to 304 residents at its 2026 Empowerment Programme, boosting local entrepreneurship.
BoI Needs Recapitalisation for Aviation Sector Support
Samuel Caulcrick urges structural reforms and recapitalisation of the Bank of Industry to provide affordable loans for Nigerian airlines facing financial crisis.
FG waives SONCAP default fees, importers pay N1,000
Federal Government introduces temporary SONCAP default arrangement, waiving fees and charging N1,000 administrative fee to ease PAAR processing on NSW platform.
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Enoh Seeks Full Operation of Sugar Institute
Minister of State for Industry, John Owan Enoh, urges full operation of Nigeria Sugar Institute to boost capacity and innovation in the sugar sector.
Rhetoric, Numbers, and Reality in Poverty Statistics
A professor critiques an article on Nigeria's poverty statistics, arguing that reforms cause short-term hardship but are necessary for long-term stability and growth.
New crypto regulation framework proposed by VASPA in Nigeria
VASPA launches Project Green-White-Green to regulate crypto, link spreads to NAFEM rates, and propose $92b annual tax revenue potential.
Cartoon: Nigeria's Economic Struggles and Daily Life
A cartoon highlighting the harsh economic realities faced by Nigerians, including inflation, unemployment, and the struggle to make ends meet.
Nigeria Seeks Review of Hajj Airlift Terms in Saudi Talks
Nigeria's aviation minister Festus Keyamo meets Saudi officials to review air service agreements for improved Hajj operations ahead of 2026 pilgrimage.
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Tariff Waiver Raises Concerns for Auto Policy
Stakeholders warn that waiving import duties on EVs and buses could undermine Nigeria's automotive sector, reversing gains made under NAIDP.
Jetour Nigeria Reaffirms Sole Authorised Dealership
Jetour Nigeria reaffirms its exclusive dealership rights during the Jetour Experience in Lagos, showcasing seven authorised dealers to eliminate market uncertainty.
Sanwo-Olu, Marwa Warn of Maritime Security Threats
Lagos Governor Babajide Sanwo-Olu and NDLEA Chairman Mohammed Marwa have raised alarm over rising criminal networks exploiting technology and regulatory gaps in Nigeria's maritime space.
Zamfara, Kano Sponsor Mass Weddings for 1,600 Couples
Zamfara and Kano states sponsor mass weddings for over 1,600 couples, providing dowry payments, household items, and trading support to vulnerable groups.
NLPC Pension AUM Reaches N625 Billion
NLPC Pension Fund Administrators' assets under management grew to N624.95 billion, a 5.42% increase, reflecting confidence in retirement savings amid economic challenges.
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Dangote Pledges 650,000bpd Refinery in East Africa
Aliko Dangote pledges to build a 650,000 barrels-per-day refinery in East Africa, urging regional support for industrial self-sufficiency and reduced import dependence.
15 States Waive RoW Fees for Telecoms, NCC Starts Compensation
NCC announces 15 states waived RoW fees, improving telephony. Subscriber compensation era begins with airtime refunds. FCCPC approves five airtime lenders.
Banks Fail ESG Test as Coalition Demands Reform
A coalition report finds Nigeria's top banks score poorly on sustainability and ESG standards, urging regulatory reforms.
Infrastructure: A Top Opportunity for Long-Term Investors in Nigeria
Nigeria's $3 trillion infrastructure gap offers long-term investors stable returns, inflation protection, and nation-building impact through assets like the Lekki Deep Sea Port.
African Startups Need Deterministic Fintech, Logistics Infra
Enitan A. Awosanya, CTO of Afridext Integrated Services, discusses why African startups require deterministic fintech and logistics systems to compete globally and scale cross-border operations.
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Transcorp Hotels Q1 2026 Profit Up 15% on Revenue Growth
Transcorp Hotels Plc announced Q1 2026 results with revenue up 9% to ₦22.41bn and profit before tax up 15% to ₦7.08bn, driven by operational efficiency and cost optimization.
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