Flutterwave, Anambra Partner to Boost State Economy
Flutterwave and Anambra State Government announce a partnership to empower SMEs, enhance e-commerce, and connect local businesses to global markets, leveraging digital payments infrastructure.
Category : Business
Illicit Spirits Trade Costs Nigeria N428 Billion
The Spirits and Wines Association of Nigeria reveals illicit trade causes N428 billion revenue loss, undermining businesses and public health.
WATAF: Inefficient VAT Collection Slows West Africa's Development
The West African Tax Administration Forum attributes the region's slow development to inefficient VAT collection, urging rapid adoption of digital systems to boost revenue and economic progress.
FAAC Shares N2.04 Trillion, Statutory Revenue Up N137.9 Billion
The Federation Account Allocation Committee disbursed N2.04 trillion in March 2026, with statutory revenue rising to N1.7 trillion, a N137.9 billion increase from February.
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Lagos Requires Approval for Solar Panels in State Estates
Lagos State Government reiterates that allottees in state-owned housing estates must obtain approval from the Ministry of Housing before installing solar panels or making external alterations to ensure safety and prevent disputes.
Olugbodi Receives Lifetime Achievement Award at HR Expo Africa
The Human Resources Expo Africa Awards 2026 has presented Dr Alexander Olugbodi with a Lifetime Achievement Award for his decades of leadership in HR and workforce development, recognizing his transformative impact on the profession.
Court Upholds FCCPC Power, Fines UBA in Banking Consumer Case
A Federal High Court in Abuja dismissed UBA's suit challenging the FCCPC's jurisdiction, affirming its authority to protect bank customers and imposing a N2 million fine on the bank.
UN Warns Extreme Heat Threatens Agri-Food Systems Worldwide
The FAO and WMO report highlights rising extreme heat events endangering crops, livestock, and workers, urging adaptive measures and early warnings.
Refiners Warn of 483,000bpd Crude Shortage, Alleging Diversion
Local refiners under CORAN allege significant diversion of crude oil allocated for domestic processing, leaving plants underutilized and threatening Nigeria's energy security.
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Pan-African Roadshow Boosts Creative Sector and Entrepreneurs
Afretrade has launched a continent-wide talent and business roadshow, screening over 300 applicants to position African creatives and entrepreneurs globally ahead of The Afretrade Entrepreneur Festival in Lagos.
Food Security, Farm Reforms Top Vanguard Economic Discourse
At the 2026 Vanguard Economic Discourse in Lagos, experts and officials highlighted Nigeria's fragile agricultural recovery, stressing that food security is crucial for economic stability and requires sustained investment and reforms.
Productivity Now Measured by Value Creation, Says HR Expert
Erefe Coker, founder of HR Expo Africa, asserts that productivity today is gauged by value creation, not hours worked, at a Lagos event. Speakers highlight AI's role and coaching needs.
Lasaco Assurance Rights Issue Closes May 13 for N18.47B Boost
Lasaco Assurance Plc sets May 13, 2026, as the closing date for its Rights Issue, targeting N18.47 billion to strengthen capital and expand market presence in Nigeria's insurance sector.
Digital Adoption Key to Aviation Efficiency, Says ICAN Chief
ICAN Director Sakiru Balogun emphasizes that accelerating digital transformation in Nigeria's aviation sector is crucial for improving efficiency, combating corruption, and strengthening financial governance.
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Nigeria Launches Renewable Energy Localization Program
The Rural Electrification Agency partners with Mente Energy to launch RELIP, a five-year initiative aimed at boosting local manufacturing and attracting investment in Nigeria's renewable energy sector.
Nigeria Scores 91% in ICAO Safety Audit, Highest Since 1960
Nigeria has achieved a historic 91% score in the ICAO safety audit, a significant improvement from 73% in 2023, as announced by Minister Festus Keyamo in Abuja.
What $100 Can Buy in Nigeria: 2026 Breakdown
Discover how far $100 goes in Nigeria in 2026, covering exchange rates, purchasing power across cities, and practical strategies to maximize your money in today's economy.
Smart Asset Allocation Safeguards Your Wealth
Learn how strategic asset allocation can protect your investments from inflation, currency volatility, and liquidity risks in Nigeria's dynamic economy, with insights from financial experts.
Nana Otedola: Wife of Billionaire Femi Otedola's Own Success
Nana Otedola, wife of Nigerian billionaire Femi Otedola, built her own business empire with Garment Care while raising four children. Learn about her life, career, and family beyond her husband's wealth.
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5 Smart Saving Strategies for Nigerians Without Steady Income
Discover practical financial tips for Nigerians with irregular income to manage money, cut expenses, and build savings despite rising living costs and economic challenges.
Tinubu Pledges Deeper UK-Nigeria Ties at BA 90th Anniversary
President Bola Tinubu reaffirmed Nigeria's commitment to strengthening economic and diplomatic ties with the United Kingdom as British Airways celebrated 90 years of continuous operations in Nigeria.
Adelabu Resigns as Power Minister, Suggests Energy Reforms
Minister of Power Adebayo Adelabu has resigned, effective April 30, 2026, to pursue his governorship ambition in Oyo State. He proposed creating a Coordinating Minister for Energy to enhance sector integration and reforms.
Condom Prices May Rise 30% Due to Iran War Supply Disruption
Karex, the world's largest condom manufacturer, warns of potential 30% price increases as the Iran war disrupts oil and petrochemical shipments through the Strait of Hormuz, affecting production costs.
Delta Residents Protest 20-Year Power Blackout at Govt House
Hundreds of Ndokwa Nation residents barricaded Delta State Government House, demanding an end to over two decades of electricity blackout in their oil-rich communities.
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Businesswoman Installs Solar Power at Plaza, Shows Receipt
A Nigerian agbo seller and businesswoman has installed a solar inverter and panels at her commercial plaza, sharing the purchase receipt online and sparking widespread reactions.
Court Dismisses UBA Suit, Says Banks Answerable to FCCPC
A Federal High Court in Abuja has dismissed a suit by United Bank for Africa (UBA) challenging the FCCPC's jurisdiction, affirming its authority to investigate consumer complaints against banks and imposing a N2 million fine on UBA.
Edun's Economic Scorecard: Mixed Results After Removal
Former Finance Minister Wale Edun's economic record reveals a mixed legacy, with inflation and GDP growth improving but debt and fuel prices surging during his tenure from 2023 to 2026.
Illicit Spirits Trade Costs Nigeria N428bn Yearly
The Spirits and Wines Association of Nigeria reveals illicit trade causes N428 billion in lost government revenue, undermines legitimate businesses, and poses public health risks.
FG Urged to Empower NESREA for Environmental Law Enforcement
Environmental experts call on the Federal Government to grant NESREA authority to arrest and prosecute companies violating environmental laws, emphasizing the need for stricter enforcement to protect public health.
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Tinubu Blames Past Privatization for Nigeria's Power Woes
President Bola Tinubu attributes Nigeria's electricity problems to poorly executed privatization by previous administrations, while his government faces criticism over ongoing power shortages.
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