Nigerian Engineer Mudasiru Wins Global Recognition in Russia
Dr. Bola Mudasiru, Deputy Chairman of NIHTE, receives international acclaim at Russia's inaugural Transport and Logistics Forum for advancing Africa's role in global transport diplomacy.
Category : Business
NSIB Unveils New Conditions of Service Post-Redeployment
The Nigerian Safety Investigation Bureau has introduced a new Conditions of Service framework following its redeployment to the Presidency, aiming to enhance independence and staff welfare.
FCCPC Denies Ban on Airtime and Data Borrowing Services
The FCCPC has refuted claims of banning airtime and data borrowing services, attributing service disruptions to operator compliance decisions under new regulations.
FCCPC Denies Banning Airtime Borrowing, Data Advances
The Federal Competition and Consumer Protection Commission clarifies it has not prohibited airtime borrowing or data advance services, addressing misinformation about telecom regulations.
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FG Hands Over 200 Housing Units to Kwara Government
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, marking a significant step in affordable housing initiatives and intergovernmental collaboration.
CBN Introduces NOFR to Deepen Nigeria's Money Market
The Central Bank of Nigeria, with FMDA, has launched the Nigerian Overnight Financing Rate (NOFR) as a new benchmark to enhance transparency, monetary policy, and market depth.
Oil Drops 10%, Wall Street Rallies After Hormuz Reopening
Global markets surged as Iran reopened the Strait of Hormuz, easing oil supply fears. Oil prices fell over 10%, while U.S. stocks reached new records amid investor optimism.
Nigeria Rules Out New IMF Loans After Clearing $3.4 Billion Debt
Finance Minister Wale Edun announces Nigeria has no plans to seek new IMF loans after fully repaying its $3.4 billion COVID-19 debt. The government will rely on domestic policy reforms despite rising oil prices and inflationary pressures.
Lagos Tops Nigeria's 2026 Hotel Rankings with 3,648 Hotels
New data reveals Nigeria's hotel industry is thriving, with Lagos dominating the rankings with 3,648 hotels, followed by Abuja and Ogun. Southern states lead the hospitality sector, highlighting regional economic and tourism trends.
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FG Launches N5bn Solar Hybrid System at BUK
The Federal Government has begun installing a 1-megawatt solar hybrid power system at Bayero University Kano to address electricity challenges. This follows a previous N5 billion solar project that was damaged by water.
Oil Drops 9% After Iran Opens Strait of Hormuz in Ceasefire
Oil prices fell sharply after Iran announced the Strait of Hormuz is open for commercial transit during the Lebanon ceasefire, with Brent crude dropping 9.5% and WTI sinking 9.6%.
Man Explains Why Power-Dependent Businesses Struggle in Nigeria
A Nigerian man who invested N10 million in a salon for his wife shares how electricity costs consumed most profits, forcing him to install solar power to save the business.
300% Fuel Hike Sparks West Africa Road Travel Revival
Nigeria's aviation sector faces severe pressure as Jet A1 fuel prices surge 300%, prompting government appeals to airlines. With air travel becoming less affordable, road travel to neighboring West African countries emerges as a viable alternative for Nig
Kola Adesina Joins Mission 300 Private Sector Council
Dr. Kola Adesina, Group Managing Director of Sahara Power Group, has been appointed to the Mission 300 Private Sector Council, a high-level initiative by the World Bank, AfDB, and Rockefeller Foundation aiming to provide electricity access to 300 million
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Nigeria Reduces Car Import Tariff from 70% to 40%
The Federal Government has slashed import duties on fully built vehicles from 70% to 40%, aiming to lower car prices and improve transportation access across Nigeria.
Niger Arrests Foreign Nationals for Illegal Mining
Niger State authorities have arrested two foreign nationals for unauthorized mining activities at the Zuzungi site in Katcha LGA. Commissioner Mohammad Qasim Danjuma emphasized zero-tolerance for illegal mining during a regulatory inspection.
Man Spends N10M on Solar After Landlord Blocks Roof Installation
A Nigerian coder installed an 11kVA solar inverter with panels and batteries at a cost exceeding N10 million, sharing his setup after his landlord prohibited roof placement, sparking viral reactions online.
Lady Returns to Father's House After Rent Hits N3.2M
A Nigerian woman vacated her Lagos apartment after her landlord increased the rent by 150% to N3.2 million annually. She relocated to her father's property in Port Harcourt, sparking online discussions about housing affordability.
Man's Solar System Fails at 1 AM, Seeks Help
A Nigerian man installed a 1500VA solar system with 4 panels and a tubular battery in December 2024. He complains it shuts down at 1 AM when voltage drops to 12.4V, sparking online advice on battery and controller issues.
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Dangote Refinery Plans Dollar Dividends for Investors
Aliko Dangote plans to list a 10% stake in his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
Jimoh Ibrahim: No Reversal of Tinubu's Economic Reforms
Nigeria's UN Ambassador Jimoh Ibrahim states President Tinubu will not reverse economic reforms, citing short-term pains for long-term growth and linking global stability to Iran tensions.
Keyamo Urges Airlines to Avoid Shutdown Amid Fuel Crisis
Aviation Minister Festus Keyamo has appealed to domestic airlines to reconsider plans to suspend operations due to soaring Jet A1 fuel prices, warning that fare hikes or shutdowns could harm Nigeria's economy.
CBN Sets 18 Years Minimum Age for BVN, New Rules Start May 1
The Central Bank of Nigeria has announced that only individuals aged 18 and above can enrol for BVN from May 1, 2026, as part of tighter security measures.
Dangote Offers Dollar Dividends for Refinery IPO to Attract Investors
Aliko Dangote plans to list 10% of his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
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NDIC Shuts Down 89 Banks in Nigeria - Full List
The Nigeria Deposit Insurance Corporation has concluded the permanent liquidation of 89 microfinance and primary mortgage banks. Customers must now deal with new institutions that have taken over operations.
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Airtel Suspends Borrowing Services as New Lending Rules Take Effect
Airtel Nigeria has suspended its airtime and data borrowing services following the implementation of new digital lending regulations by Nigerian authorities, affecting millions of prepaid subscribers nationwide.
Airlines Threaten Flight Suspension Over N3,300/Litre Fuel Price
Nigeria's aviation sector faces crisis as airlines threaten to suspend domestic flights over soaring Jet A1 fuel prices, while marketers dispute the N3,300 per litre figure claimed by operators.
Devtraco Group Taps Nigerian Interest in Ghana Real Estate
Devtraco Group hosted a private investor preview in Abuja, targeting Nigerian investors with prime Ghanaian real estate opportunities like Arlo Cantonments and Forte Residences.
Airtel Nigeria Suspends Airtime and Data Credit Services
Airtel Nigeria has temporarily suspended its airtime and data credit services for prepaid customers, citing alignment with new regulatory requirements. The company assures uninterrupted standard purchases.
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Cross River Intensifies Bakassi Deep Seaport Project Drive
Cross River State intensifies efforts for the Bakassi Deep Seaport project, convening a high-level stakeholder forum to mobilize support and chart an implementation roadmap, aiming to transform the state into a major trade hub.
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