NAMA: Retiree Benefits Debt Inherited from Past Administrations
NAMA clarifies that outstanding retiree benefits predate current management, citing policy gaps and bureaucracy. Reforms and welfare improvements are ongoing.
Category : Business
MTN Restarts Airtime, Data Lending After Regulatory Pause
MTN Nigeria plans to reinstate Xtratime service after FCCPC halts lending regulation enforcement, joining Airtel and Glo who have already resumed services.
Diesel Price Surges 43.67% Year-on-Year in Nigeria: NBS
NBS reports diesel price rose 43.67% year-on-year to N2,474.69/litre in April 2026. Niger, Bayelsa, Jigawa highest; Abia, Kwara lowest.
Rising Fuel Costs Force Nigerians to Use Firewood, Charcoal
As cooking gas and kerosene prices hit record highs, millions of Nigerians may revert to firewood and charcoal due to affordability challenges amid rising living costs.
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Diageo, Lagos State Empower Youth Through Learning for Life
Diageo Nigeria, in partnership with Celebr-8 Lyfe and Lagos State, graduated over 300 youth from the Learning for Life initiative, providing hospitality training and employment pathways.
Dangote Refinery Plans Major IPO Like Wall Street
Dangote Refinery is planning a major IPO that could rival Wall Street listings, opening ownership to public investors to expand capital and global presence.
HURIWA Calls for Economic Emergency Over Cost-of-Living Crisis
HURIWA demands an economic emergency declaration in Nigeria as the cost-of-living crisis pushes millions into hardship, citing inflation, unemployment, and food insecurity.
OPM Apostle Offers Housing, Skills to Stranded Nigerians in SA
Apostle Chibuzor Chinyere offers housing, free schools, and skills training to stranded Nigerian families in South Africa, urging them to return home.
Meta Launches Paid Subscriptions for FB, Instagram, WhatsApp
Meta introduces monthly subscription plans for Facebook, Instagram, and WhatsApp, offering premium features for creators and businesses under the new Meta One brand.
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Jumia Appoints Ex-AfDB President Adesina to Board
Jumia Technologies appoints Dr. Akinwumi Adesina, former AfDB president, to its supervisory board to strengthen governance and accelerate profitability.
Nigerian Firm Launches Tradia Digital Business Directory
Zamkah Technologies Limited launches Tradia, a digital business directory to boost visibility for Nigerian businesses. The platform aims to connect companies with customers digitally.
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Top 5 Forex Brokers from Seychelles for African Traders
Discover the top 5 Forex brokers from Seychelles for African traders in 2026, focusing on trust, stability, and modern trading platforms.
Ogun Pledges Diaspora Investment in Tourism Hospitality
Ogun State government reaffirms commitment to leveraging diaspora investments for tourism and hospitality growth, highlighting new hotel inauguration.
Importers Pay for Customs Delays, Demurrage – Forwarder
Freight forwarder Seyi Adewale blames customs inefficiencies for rising import costs, citing system downtimes and reduced demurrage-free periods that burden importers.
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Bayelsa, Kogi, Yobe Cheapest for Kerosene in April 2026
NBS reports average kerosene price rose 22.49% month-on-month to N2,976.94 per litre in April 2026. Bayelsa, Kogi, Yobe cheapest; Sokoto, Kebbi, Lagos highest.
Firm Partners APPN to Tackle Substandard Pipes in Construction
Kazeem Royal Properties partners APPN to combat substandard plumbing materials, boost quality and safety in Nigeria's construction industry.
Sokoto Gov Gives Pilgrims N450,000 Each for Hajj
Governor Ahmed Aliyu approved 1,000 Saudi Riyals (about N450,000) for each of the 2,410 Sokoto pilgrims in Saudi Arabia for the 2026 Hajj, as a Sallah support package.
Nigerian Graduate Dumps Certificate to Become Farmer in Village
A Nigerian graduate who returned to his village to start farming shares his journey. Despite community opposition and job rejections, he persists and gains online support.
Global Heating Reshapes Mecca Climate, Hajj Pilgrims Face Heat
Global heating has fundamentally altered Mecca's climate, exposing millions of hajj pilgrims to extreme heat even outside summer. New analysis shows May temperatures regularly hit 40C (104F), making pilgrimage increasingly hazardous.
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US Treasury Prepares $250 Bill with Trump Portrait
The US Treasury is preparing to print $250 bills featuring President Donald Trump's face, pending Congress approval to change the law prohibiting living presidents on currency.
Richest Chef 2026: Kimbal Musk Leads with $1.4 Billion
Kimbal Musk is the richest chef in 2026 with $1.4 billion. Alan Wong, Gordon Ramsay, and Nobu Matsuhisa follow in the top culinary fortunes ranked by net worth.
Nigerian Lady Loses 25 Broilers to Strange Disease
A Nigerian poultry farmer lost over 25 broiler chickens to cough and coccidiosis despite high biosecurity. Experts suggest sawdust and poor ventilation as causes.
Petrol Price Up 23.69% in April 2026, NBS Reports
The average petrol price in Nigeria rose to N1,532.93 per litre in April 2026, a 23.69% increase from last year. Yobe, Edo, and Bauchi recorded highest prices.
BMONI, Mastercard Partner for Instant Cards in Nigeria
Mastercard and BMONI partner to launch instant Naira and US dollar virtual and physical cards, enabling seamless local and international payments for Nigerians.
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ATC Decries Non-Implementation of Lagos Tourism Law
The African Travel Commission criticizes the Lagos State Government for failing to fully implement the Tourism Promotion Agency Law seven years after its passage, hindering sector growth.
AfDB Warns Africa Trade Finance Gap May Reach $86.6 Billion
The African Development Bank warns Africa's trade finance gap could reach $86.6 billion by 2027 due to geopolitical tensions, rising energy costs, and tighter credit conditions.
CPPE Hails 3.89% GDP Growth, Urges Stronger Capacity
CPPE praises Nigeria's 3.89% Q1 GDP growth, highlighting non-oil sector dominance but warns sustainable transformation needs industrialisation and higher value addition.
Unions Reject AfDB, World Bank Mission 300 Plan
Labour unions in Nigeria and Africa reject the AfDB-World Bank Mission 300 electricity initiative, warning it may increase debt without delivering sustainable power.
Toyota Introduces 2026 RAV4 to Nigerian Market
Toyota-by-CFAO Nigeria launches the 2026 RAV4, offering global-spec SUVs with a 3-year warranty, nationwide service, and three variants. Deliveries begin immediately.
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Union Bank Upgrades Lagos School via Employee-Led CSR
Union Bank's UnionCares programme renovates Ansar-Ud-Deen Primary School in Ebute-Metta, providing toilets, classrooms, borehole, generator, and learning materials.
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