Nigeria Bus Transport Costs Rise Again in April 2026
NBS reports bus fares rose 1.73% month-on-month to N1,397.27 in April 2026, with intercity fares up 21.58% year-on-year, adding pressure on households.
Category : Business
Dangote Refinery Second Unit to Add 700,000 bpd
Dangote Petroleum Refinery begins construction of a second crude processing unit, boosting capacity by 700,000 bpd, aiming to make Nigeria a major fuel exporter.
Kano Emir Urges NAHCON to Speed Up Pilgrims' Return
The Kano State Amirul Hajj has appealed to NAHCON to accelerate the return airlift of pilgrims, citing delays in the outbound journey that affected spiritual activities.
Grenada Grants Visa-Free Entry to Nigerian Passport Holders
Grenada has announced visa-free entry for Nigerian passport holders to boost trade, tourism, and investment. Direct flights may begin within six months.
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Grenada Lifts Visa Requirement for Nigerians, Plans Direct Flights
Grenada announces visa-free travel for Nigerians starting July, with direct flights planned within six months, boosting trade, tourism, and investment.
FG Inaugurates Committee for Africa Tourism Expo
The Federal Government has inaugurated the Local Organizing Committee for the Africa Tourism and Creative Economy Expo, set for November 24-25, 2025 in Abuja.
US Reaffirms Nigeria Trade Commitment, Cascador Deploys $5M
The US Consular General reaffirms trade ties with Nigeria as Cascador deploys over $5 million to seven African entrepreneurs at the 2026 Pitch Day event.
Small Plane Crash in Croatia Kills Four, German Aircraft
A small plane crashed near Medulin, Croatia, killing at least four people. The German aircraft had taken off from Austria before the accident.
Startups to Win Millions as The Gathering Heads to Aba
The Gathering on 100 moves to Aba, offering N5 million in prizes for startups. Lagos edition awarded N45 million to eight firms.
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Chanja Datti: Turning Waste into Value and Opportunity
Chanja Datti Recycling is a Nigerian social enterprise turning waste into economic, social, and environmental value through circular economy initiatives, empowering women and supporting education.
Nigerian Banks Fight Back as Fintechs Face Tougher Rules
Nigerian banks are reclaiming market share from fintechs like OPay and PalmPay amid tighter regulations, benefiting consumers with faster and cheaper digital payment services.
NAICOM, Abia Partner to Enhance Insurance and Investor Trust
NAICOM partners Abia State to safeguard economic activities, mitigate risks, and boost investor confidence through insurance reforms and the new Policyholders' Protection Fund.
Wilmar and TGI Group Form 50:50 Joint Venture
Wilmar and TGI Group combine their Nigerian and Beninese operations into a 50:50 joint venture, creating an integrated agribusiness platform with over US$12 billion addressable market.
LGAN Seeks Culture Ministry Partnership for 2026 Golf Trophy
The Ladies Golf Association of Nigeria proposes a partnership with the Federal Ministry of Art, Culture, Tourism and Creative Economy to use the 2026 All-Africa Challenge Trophy for tourism and investment.
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StarTimes to Air All 104 2026 World Cup Matches in Nigeria
Despite Nigeria's absence, StarTimes will broadcast all 104 matches of the 2026 FIFA World Cup live, with a N50 million promo and viewing events across cities.
Shell Ignored Internal Warnings on Nigeria Pipeline Risks
Newly disclosed documents reveal Shell continued operating a major Nigeria pipeline despite internal safety warnings. Communities seek $1 billion in damages for pollution.
Skill-Based Mechanics Transform Online Casino Gaming
Online casinos are integrating skill-based mechanics like gamification and social features to attract younger players and enhance engagement, transforming traditional games.
China Bank Funds 3,700 Towers for 20 Million Nigerians
Nigeria's minister Bosun Tijani announces China Industrial Bank support for NUCAP project to deploy 3,700 telecom towers, connecting over 20 million unserved Nigerians by 2026.
Dangote Refinery CEO: Jet Fuel Surplus for Global Markets
Dangote Refinery CEO David Bird announces a jet fuel surplus, positioning the 650,000 bpd refinery for global exports amid market volatility and rising aviation fuel costs in Nigeria.
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Kaduna Governor Signs Three Transformative Laws for Energy, Agriculture, Climate
Governor Uba Sani signed three laws to transform Kaduna's energy, agriculture, and environmental sectors, enhancing access, growth, and resilience.
Shenzhen's Infrastructure Lessons for Africa's AfCFTA Industrialisation
Shenzhen's transformation from a fishing village to a global tech hub was built on infrastructure, not tax incentives. Africa must adopt a similar strategy to succeed under the AfCFTA.
Abbey Mortgage Bank Gets CBN Approval for Conversion
Abbey Mortgage Bank Plc secures CBN approval to convert to a regional commercial bank, changes name to Abbey Bank PLC, and plans to raise N164.5 billion in capital.
Nigeria Capital Importation Hits $10.37 Billion in Q1 2026
Nigeria recorded $10.37 billion in capital importation in Q1 2026, an 83.83% increase from Q1 2025, driven by portfolio investments, NBS reports.
NUPRC: 2026 Oil and Gas Licensing Round to Start Q3 2026
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 oil and gas licensing round will commence by Q3 2026, following ministerial approval.
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Dangote Refinery Hits 700,000 bpd Processing Capacity
Dangote Refinery raises crude processing to 700,000 bpd, surpassing nameplate capacity. Plans to reach 1.4 million bpd in 30 months, boosting Nigeria's energy security.
World Environment Day: Poor Regulations Fuel Health Crisis, Economic Losses
On World Environment Day, experts highlight Nigeria's environmental crisis, citing pollution, gas flaring, and weak enforcement causing health issues and economic losses of billions.
Telecom FDI Drops to $7.2m Amid Vandalism, Hurdles
Nigeria's telecom FDI plunged to $7.24m in Q1 2026, down 91% YoY, as vandalism, multiple taxes, and forex volatility deter long-term investment.
FG Urged to Prioritize Local Auto Manufacturing, Policy Review Targets EVs
Federal Government urged to adopt long-term auto policy focusing on local manufacturing, not import duties. Policy review includes EVs, CNG vehicles.
Cargo Inefficiency Costs 40% Revenue, Says Mainstream Cargo MD
Seyi Adewale, MD of Mainstream Cargo, reveals that inefficiency costs Nigeria's cargo industry 30-40% of potential revenue, worse than multiple regulators, citing FX volatility and infrastructure gaps.
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FG Reaffirms Commitment to Agge Deep Sea Port Project
The Federal Government reiterates its dedication to the Agge Deep Sea Port in Bayelsa, aiming to boost trade, create jobs, and enhance Nigeria's blue economy.
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