FCMB, Zenith, Access Lead as Nigeria's Highest-Paid Bank CEOs in 2025
FCMB's top director earned N447.9 million in 2025, the highest among Nigerian banks. Zenith's pay surged 110.9%, while Access and First HoldCo saw pay outpace profit growth.
Category : Business
Petrol Prices Rise to N1,450 as NMDPRA Says It Cannot Fix Rates
Petrol prices in Lagos and Abuja hit N1,400-N1,450 per litre as NMDPRA clarifies it lacks legal authority to set pump prices under the PIA, citing free-market rules.
Tinubu: Transport Fares Drop 31-81% in Seven States, FCT
President Tinubu says CNG and electric bus rollout has cut transport fares by 31-81% in seven states and the FCT, with Borno seeing the steepest drop.
Otedola Hits $2 Billion as First HoldCo Stake Crosses N2 Trillion
Femi Otedola’s net worth crossed $2 billion on September 19, 2026, per Forbes, after First HoldCo shares hit a record N162.80, valuing his 27.6% stake at over N2 trillion.
Nigeria to Get 500 New CNG Stations by October, Says PCNGI Chief
Nigeria's PCNGI says 500 CNG stations will arrive by end of October, with another 500 ordered, totaling 1,000 units. Deployment will prioritize high-traffic cities like Lagos, Kano, Abuja, and Port Harcourt.
REDMI Note 17 Pro Max 5G 10,000mAh Battery Launch Nigeria
Xiaomi launches Nigeria's first 10,000mAh smartphone, REDMI Note 17 Pro Max 5G, on September 30, 2026, with 100W HyperCharge, four-day battery life, and advanced AI features.
Dangote Refinery to Subsidise Petrol Transport Costs
Dangote Refinery plans to subsidise petrol transportation costs and deploy more trucks to equalise prices across Nigeria, targeting Sokoto, Kano, and Calabar.
Germany Lists 7 Shipping Jobs Open to Foreign Skilled Workers
Germany has published seven in-demand shipping and maritime occupations for foreign skilled workers, covering inland and seagoing roles. The list, released on the official federal careers portal, aims to sustain the country's export-driven economy, where
Nigeria's Most Expensive Neighbourhoods: Home Costs Revealed
Owning a home in Nigeria's top neighbourhoods like Banana Island, Ikoyi, and Maitama now costs billions. See the latest asking prices and rental figures.
Marketers Urge FG, NNPCL to Restart Refineries Amid Price Rise
Dr Joseph Obele urges FG and NNPCL to restart Port Harcourt and Warri refineries to boost local supply, cut imports, and ease rising petrol prices.
Canada Publishes Work Permit Document Requirements for Foreigners
Canada's immigration department has published the complete list of documents foreigners need to apply for a work permit from outside the country, including employer-specific requirements.
Dangote Shut 6 Businesses Before Building $20bn Refinery
Aliko Dangote closed six ventures—textiles, flour, telecom, tomato, aviation, banking—before launching his $20bn refinery, now valued at $47.6bn.
Dangote Refinery: Crude Price Drops Won't Hurt Profitability
Dangote Refinery assures investors that falling crude prices won't hurt profitability, as earnings depend on refining margins, with dollar-denominated dividends promised.
Petrol Prices Drop Below Dangote Refinery Rate in 3 Cities
Petrol prices in Calabar, Warri, and Port Harcourt have fallen below Dangote Refinery's ₦1,350 per litre gantry price, with Calabar offering the lowest at ₦1,330, according to a Petroleumprice.ng survey.
NZ Business Investor Work Visa: Full Conditions Listed
New Zealand's Immigration NZ has published conditions for the Business Investor Work Visa, requiring NZD $1 million investment, NZD $500,000 personal funds, and more.
Lawyer Shares Experience After Visiting Dangote Refinery
Nigerian lawyer Ibrahim Mogbolahan Zubair visited Dangote Refinery in Lagos, described a circular economy, and highlighted the world's largest single-train crude distillation column.
Thermocool Pulse Mix Promo: Appliances Engineered for Nigeria
Thermocool's One Less Thing to Worry About promo runs until September 26, 2026, offering gifts with qualifying purchases. Appliances feature wide voltage range, energy savings, and anti-bacterial tech.
Emir Sanusi warns against selling homes for Dangote shares
Emir Sanusi warns Nigerians not to sell homes or use school fees for Dangote Refinery shares, urging affordable long-term investments starting at ₦10,000.
Air Peace Disputes NCAA Flight Delay Report, Cites Missing Data
Air Peace challenges NCAA's August report, saying it missed 700 flights, and blames airport congestion, bird strike, and a union strike for delays, urging a data review.
Bankit Transitions to WayvePay, Ushering in New Digital Banking Era
Bankit Microfinance Bank has rebranded to WayvePay, introducing AI-powered support, enhanced security, and USSD banking as of September 18, 2026.
Jim Ovia remains my mentor — Intelfigura CEO, Bukky Latunji
Bukky Latunji, CEO of Intelfigura and former Zenith Bank GM, reflects on 27 years at the bank, crediting founder Jim Ovia as a key mentor and detailing the values that built Zenith's culture of excellence.
Bankit becomes WayvePay, launches new digital banking era
Bankit Microfinance Bank has transitioned to WayvePay, unveiling a new digital banking and payments platform for Nigerians, effective September 18, 2026.
AMSG Demands Safety Reforms After Sudan Mine Collapse
AMSG urges immediate rescue equipment mobilization and safety reforms after an informal gold mine collapse in West Kordofan, Sudan, killed dozens of artisanal miners.
MTN Nigeria in Talks to Acquire Mafab's 5G Spectrum
MTN Nigeria is in advanced talks to acquire Mafab Communications' 5G spectrum assets, pending NCC approval. The deal includes 2x20 MHz in 2.1 GHz band and 100 MHz in 3.5 GHz band.
NGX Market Cap Hits N159.9 Trillion as Investors Trade 1.1B Shares
The NGX market cap rose by N1.18 trillion to N159.9 trillion as investors traded 1.1 billion shares in 54,026 deals, extending the winning streak to five sessions.
NNPC Launches Fuel App for Digital Purchases and Diesel Delivery
NNPC Ltd launches the NNPC Fuel app, enabling digital fuel purchases, gifting via Me2U, station discovery, and doorstep diesel delivery across Nigeria.
Moniepoint POS Agents Nationwide Now Sell Dangote Refinery IPO Shares
Moniepoint Microfinance Bank now sells Dangote Refinery IPO shares via POS agents in all 774 LGAs, with a minimum subscription of N5,250.
Petrol Hits N1,850/Litre in Mubi as Dangote Price Hike Bites
Petrol prices surged to N1,850 per litre in Mubi, Adamawa State, with northern markets recording N1,500–N1,700, following Dangote Refinery's gantry price increase to N1,350.
Canada Extends Study Permit, Visitor Visa Wait Times for Nigerians
Canada's IRCC updated processing times on September 16, 2026, increasing study permit wait for Nigerians to 10 weeks and visitor visa to 87 days.
Australia Lists 5 Conditions for Business Visitor Visa Applicants
Australia's Department of Home Affairs requires foreigners to meet five conditions for the Business Visitor visa (subclass 600), including health, character, funds, and genuine intent.
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