Axxela Appoints New GCEO and CFO in Leadership Reshuffle
Axxela Limited appoints Moshood Olajide as new GCEO and Yetunde Demuren as CFO, succeeding Timothy Ononiwu who retired after nearly a decade of service.
Category : Business
RHI, WAOH Foundation Empower 3,300 Ekiti Women
Renewed Hope Initiative and WAOH Foundation empower 3,300 Ekiti women with N50,000 grants and working tools to boost small-scale businesses and economic opportunities.
Rotary District 9112 Raises $13,000 for Polio Eradication
Rotary District 9112 raised $13,000 through the PolioPlus programme to support polio eradication in Nigeria and globally, with funds allocated for vaccines and awareness.
Farmer Discovers Surprising Animal After Setting Trap
A Nigerian farmer sets a live trap on his farm and captures an unexpected animal. The video goes viral online, sparking reactions and curiosity.
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Hélène Sy Biography: Omar Sy's Wife and Entrepreneur
Discover the life of Hélène Sy, entrepreneur and philanthropist, wife of actor Omar Sy. Learn about her career, family, and how she balances business and motherhood.
Izili Nigeria, JCI Ibadan Elite Illuminate School with Solar
Izili Nigeria and JCI Ibadan Elite provide solar-powered lighting to Oba Abass Aleshinloye Grammar School, enhancing learning and safety in Ibadan.
Nigerians Hail Airtel, Glo as MTN Delays Airtime Lending
Airtel and Glo restore airtime lending after FCCPC suspension, but MTN delays XtraTime return, sparking praise for competitors and criticism from subscribers.
NERC Approves Sale of Excess Solar Power to Nigeria's Grid
NERC's Net Billing Regulations 2026 enable electricity consumers to generate renewable energy and sell surplus to the grid, boosting solar adoption and reducing reliance on traditional power sources.
Nigeria's Capital Importation Hits $10.37bn in Q1 2026
Nigeria's capital importation rose to $10.37 billion in Q1 2026, an 83.83% increase year-on-year, but FDI remained low at 1.30%, according to the NBS.
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Uganda Leads Africa in Alcohol Consumption: Top 10 List
A 2026 Data Commons report reveals the top 10 African countries with the highest alcohol consumption per capita, with Uganda leading at 11.30 litres annually.
NCAT Explores Chinese Companies for Aviation Training Boost
Nigerian College of Aviation Technology partners with Chinese firms to enhance training, focusing on flight simulation, air traffic management, and drone technology.
Lady Shocked as Cooking Gas Hits N2100 per kg
A Nigerian lady went viral after revealing cooking gas costs N2100 per kg in her area. Social media users react with their own prices and frustrations.
WAVE Warns Farmers on New Cassava Virus Threats
WAVE project alerts Nigerian farmers on emerging cassava viral diseases, urging preventive measures to protect crops and avoid yield losses.
Naira Gains N5.74 at Official Market, Falls in Parallel
The Nigerian naira appreciated by N5.74 against the US dollar in the official market but depreciated in the black market on June 2, 2026. Mixed performance against other currencies.
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Talstack Partners with iDICE Startup Bridge for Founders Lab
Talstack joins iDICE Startup Bridge as learning platform partner for a 12-week programme equipping 185 early-stage Nigerian founders with entrepreneurship skills and grant funding up to N10 million.
Filling Stations Hold Petrol Prices Despite Dangote N25 Cut
Despite Dangote Refinery cutting petrol price by N25 per litre, most filling stations in Nigeria have not reduced pump prices due to distribution costs and high inventories.
Yobe Governor Cuts Tractor Hiring Fees by 50% for Farmers
Yobe Governor Mai Mala Buni reduces tractor hiring fees by 50% for small-scale farmers, cutting cost from N100,000 to N50,000 to boost agriculture and food security.
NEPZA, 20 MDAs join FG's Revenue Optimisation Platform
NEPZA and 20 other MDAs commit to adopting RevOP and FTe-R to boost transparency in federal finances, with 31 agencies already live on the platform.
Dangote Refinery Targets 700,000 bpd Expansion by 2028
Dangote Refinery announces plans to add 700,000 bpd capacity by 2028, boosting global fuel market presence and exploring further expansion to 2.1 million bpd.
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CBN Approves Abbey Mortgage Bank for Commercial Banking
The Central Bank of Nigeria has granted Abbey Mortgage Bank Plc approval to transition into a commercial bank, expanding services beyond mortgage financing.
Banks Raise Dollar Limits on Naira Cards as FX Eases
GTBank, UBA, FirstBank, and others increase international spending limits on naira debit cards as improved FX liquidity boosts confidence in Nigeria's financial system.
CBN Relaxes Dollar Account Rules, Grants Unrestricted FX Access
The Central Bank of Nigeria has unveiled a new FX framework granting unrestricted access to domiciliary accounts for individuals, while tightening compliance for exporters to boost liquidity and transparency.
Nigeria's large population slows economic reform impact
Presidential aide Daniel Bwala says Nigeria's over 230 million population makes it hard for citizens to feel economic reforms, but growth will be steady.
Nigeria Power DisCos Earn N600bn in Q1 2026
Nigerian electricity distribution companies generated nearly N600 billion in revenue in Q1 2026 despite ongoing blackouts and gas supply issues, NERC data shows.
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DisCos Earn ₦600bn in Q1 2026 Despite Blackouts
Nigerian electricity distribution companies generated nearly ₦600 billion in Q1 2026 amid severe gas shortages and power outages, with over ₦159 billion in unpaid bills.
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YouSend Launches in UK and Canada for African Immigrants
YouSend, a remittance app for African immigrants, is live in the UK and Canada, offering fast transfers and 24/7 human support.
Abia Pilot State for NCRIB Insurance Scheme
Abia State becomes the pilot state for NCRIB's Insurance Penetration Scheme, unveiled by Governor Alex Otti to boost insurance coverage in underserved areas.
UNICAL Agric Faculty Begins Palm Oil Production
The University of Calabar's Faculty of Agriculture has launched in-house palm oil production to boost self-sufficiency, practical training, and revenue, with plans to plant 2,000 new seedlings.
Starsight Energy Delivers 1.2MW Solar for Polysmart Group
Starsight Energy has successfully installed a 1.2MW solar power system for Polysmart Group, reducing carbon emissions by 13,000 tonnes and powering 35% of factory energy demand.
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DisCos Recover N196bn of N246bn Electricity Bills in March
Nigeria's electricity distribution companies collected N196.13 billion in March 2026, representing 79.59% of N246.43 billion billed, leaving a N50.3 billion shortfall.
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