Ugandan Grad Shares First Salary, Advises on Financial Growth
A Ugandan graduate from Makerere University revealed his first salary of UGX 420,000, advising that low starting pay is normal and growth comes with experience and skill-building.
Category : Business
Niger State Shuts Six Illegal Mining Sites in Kontagora
Niger State Government closes six illegal mineral processing sites in Kontagora LGA, citing environmental and security risks, as part of a crackdown on unregulated mining.
Nigeria Reaffirms Commitment to SAATM, AfCFTA
Nigeria reiterates commitment to SAATM and AfCFTA at the African Air Transport Convention 2026 in Lomé, highlighting air connectivity as key to economic growth and regional integration.
FG to Deploy 10,000 Electric Tricycles in August
The Federal Government will roll out 10,000 electric tricycles in August as part of efforts to modernise public transportation, reduce mobility costs, and promote cleaner energy across Nigeria.
NESREA, Customs, WJC Arrest Four for Wildlife Trafficking
NESREA, Nigeria Customs Service, and Wildlife Justice Commission arrested four persons for wildlife crime in Lagos and Ogun States, seizing 22 elephant tusks weighing 130.84 kg.
Nigerian Community in Italy Boosts Migrant Integration
The Nigerian Community Mantova in Italy intensifies efforts to promote social integration and empowerment of Nigerian migrants through a seminar on information access.
AfCFTA Faces Economic Risks to Africa's Single Market
AfCFTA, Africa's landmark trade initiative, faces threats from protectionism, infrastructure gaps, and economic disparities among member states, risking its single market vision.
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Elon Musk First Trillionaire: History of Millionaire and Billionaire
Elon Musk becomes the first trillionaire after SpaceX IPO. Learn about the first millionaire John Jacob Astor and first billionaire John D. Rockefeller, and how their fortunes compare.
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Visa Celebrates Africa Day 2026: Culture and Digital Future
Visa marked Africa Day 2026 with a cultural celebration in Lagos, reaffirming commitment to digital commerce and financial inclusion across West Africa.
World's Richest Man Every Decade: 1900 to 2026
Explore the evolution of the world's richest man from 1900 to 2026, from Rockefeller's oil empire to Elon Musk's trillionaire milestone, highlighting economic shifts.
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Cross River Doctors Get 100% Salary Hike as Governor Boosts Healthcare
Governor Bassey Otu approves 100% salary increase for doctors in Cross River State, lifts recruitment embargo, and hires 2,000 health workers to overhaul healthcare.
Dangote Plans Largest Free Trade Zone in Ondo
Aliko Dangote announces plans for a major industrial and free trade zone in Olokola, Ondo State, targeting power-driven investments and job creation.
Cross River acquires new aircraft for CallyAir fleet
Cross River State Governor Bassey Otu announces acquisition of an additional aircraft for state-owned CallyAir, bringing fleet to five, to boost tourism and investment.
RMFAC Begins Nationwide Data Verification Exercise
RMFAC has started a nationwide data verification exercise to update revenue allocation data. The team visited Delta State Governor Oborevwori to discuss the process.
Lagos Disburses ₦15bn, Creates 320,000 Jobs
Lagos State Government has disbursed over ₦15 billion to more than 20,000 small businesses through LSETF, creating over 320,000 jobs in the past decade, with a 94.53% loan repayment rate.
Nigeria Inflation Hits 15.93%: Top 10 Expensive States
Nigeria's headline inflation rose to 15.93% in May 2026, with Yobe, Anambra, and Sokoto topping the list of most expensive states to live in, according to NBS data.
UK Publishes 2026 Salary Data for Construction Workers
The UK has released new salary figures for construction workers, electricians, plumbers, and restaurant staff. Average annual earnings range from £33,400 to £38,800, with hourly rates between £13 and £20.
Nigeria's Headline Inflation Rises for Third Month in May
Nigeria's headline inflation rose to 15.93% in May 2026, the third consecutive monthly increase, according to the NBS CPI report.
NNPC Starts Workforce Reduction with Voluntary Exit
NNPC begins workforce reduction as over 70% of eligible staff opt for voluntary exit schemes to improve efficiency and renew talent.
Naira Weakens Despite $0.93B Inflows from Foreign Investors
Naira depreciated slightly to N1,363.83/$ amid limited dollar liquidity, despite $0.93 billion FX inflows led by foreign portfolio investors. Reserves hit $50.43 billion.
FAAC Shares N2.257 Trillion April 2026 Revenue
FAAC distributed N2.257 trillion April 2026 revenue to FG, states, and LGCs, comprising statutory revenue, VAT, and augmentation.
Cooking Gas Hits N2,500/kg: Nigerian Households Face 50% Surge
Cooking gas prices in Nigeria have surged by 50%, reaching N2,500/kg in some areas, forcing families to consider firewood and charcoal, threatening the government's clean cooking agenda.
Firms Partner to Expand Retail Working Capital
RetailWings Africa and Corner Block Services partner to improve working capital access for African retailers using business data from the RetailWings ERP platform.
Dangote Refinery May Cut Fuel Prices as US-Iran Deal Looms
Nigeria anticipates lower petrol prices as global crude declines amid US-Iran talks. Dangote Refinery may adjust prices, and marketers delay purchases expecting reductions.
IMF Advises Nigeria on New Taxes: Fuel, Calls, Data Costlier
The IMF recommends extending VAT to petrol and introducing excise duties on telecom services in Nigeria, potentially raising costs for fuel, calls, and data.
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Manufacturers Say Tinubu Reforms Not Working Yet
The Manufacturers Association of Nigeria says Tinubu's industrial reforms have not lowered costs or improved conditions, citing high energy, borrowing, and FX pressures.
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Banks earn ₦225bn from ATM, e-banking charges in Q1 2026
Nigerian banks generated ₦224.69 billion from ATM, card and e-banking fees in Q1 2026, up 12.56% year-on-year, sparking customer outrage over high transaction costs.
Customs Seizes N403.5m Smuggled Vegetable Oil in Southeast
Nigeria Customs Service intercepts two trucks with smuggled foreign vegetable oil worth N403.5 million in Enugu, Anambra, and Delta States.
Nigerians borrowed ₦4.6 trillion airtime credit in 2025
A study reveals Nigerian telecom subscribers borrowed ₦4.6 trillion in airtime credit in 2025, highlighting growing reliance on borrow-to-call services amid rising living costs and cash flow constraints.
Nigerian Solar User Builds App to Track Inverter Battery
A Nigerian solar user created a small app that displays how many hours his inverter will run, helping his family manage power usage efficiently.
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