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BURN Hosts First Stop of Nigeria's Climate Tour in Kano
Nigeria's clean energy transition advances as BURN's Kano facility hosts the inaugural Renewed Hope Climate Tour, showcasing local manufacturing and carbon credit exports.
Category : Business
Afreximbank Underwrites $2.5B Loan for Dangote Refinery
Afreximbank has underwritten $2.5 billion in a $4 billion syndicated loan for Dangote Petroleum Refinery, enhancing financial stability and supporting Africa's energy security and industrial growth.
UNA Suspends Staff Over Alleged Mistreatment of Disabled Passenger
United Nigeria Airlines has suspended a staff member following allegations of unprofessional conduct towards a passenger with reduced mobility, Doris Akonanya, during a flight check-in from Abuja to Yenagoa.
Naira-for-Crude Policy Protects Nigeria from Fuel Shortages
The Presidency states Nigeria's naira-for-crude policy is safeguarding the nation from severe fuel supply shocks caused by the Middle East crisis, ensuring steady petroleum product availability.
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Nigeria Invests $500M Cash to Modernize Lagos Airport
The Federal Government has committed $500 million in cash to modernize Murtala Muhammed International Airport in Lagos, with completion expected in 22 months. The project aims to transform the aging facility into a world-class aviation hub.
Nigerian Woman Questions Tax Filing Amid Economic Hardships
A Nigerian woman has sparked a viral debate by questioning the government's directive to file income taxes, citing a lack of transparency and basic amenities.
El-Rufai: Nigeria's Growth Crisis from Talent Misallocation
Former Kaduna governor Nasir El-Rufai argues Nigeria's economic underperformance stems from misallocated human capital, with incentives driving talent to rent-seeking over productive sectors like entrepreneurship.
GEF, UNIDO Submit Industrial Energy Efficiency Plans for Nigeria
Global Environment Facility and UNIDO have submitted plans to transform Nigerian industries with energy-efficient and cleaner production solutions, as announced at a stakeholders summit in Abuja.
CBN Orders Stress Tests for Nigerian Banks Post-Recapitalization
The Central Bank of Nigeria has directed all deposit money banks to conduct comprehensive stress tests starting April 1, 2026, with reports due by April 30. This marks a shift from capital size to risk-based resilience assessment.
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FCT-IRS Extends Tax Filing Deadline to April 30
The Federal Capital Territory Internal Revenue Service has extended the deadline for filing individual annual income tax returns by one month to April 30, 2026. The agency urges residents to comply electronically and update personal details.
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Artemis II: NASA's 2026 Crewed Moon Mission Explained
NASA's Artemis II mission, launching in 2026, will send four astronauts on a 10-day journey around the Moon, testing systems for future lunar landings and marking humanity's return to deep space exploration after five decades.
Russian Military Plane Crash in Crimea Kills 29
A Russian Antonov-26 military aircraft crashed in Crimea, killing all 29 people on board. Russia's defense ministry and investigative committee confirmed the incident, with an investigation launched into possible flight safety violations.
US Stocks Surge on Iran War End Optimism, Oil Prices Fall
US stocks surged significantly after Iran's President indicated a potential end to the ongoing conflict, boosting market optimism while oil prices declined amid reduced geopolitical tensions.
FGN Bond Auction Oversubscribed by 4% in March 2026
Nigeria's March 2026 Federal Government bond auction recorded strong investor demand, with subscriptions exceeding the offer by 4.28%. The Debt Management Office reported total bids of N931.5 billion against an initial offer of N750 billion.
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Afam Power Dispute Sparks Calls for Investigation
A dispute over assets at Afam Power Station has escalated, with allegations of fraud and favoritism raising concerns about transparency in Nigeria's electricity sector, prompting demands for a thorough investigation.
FG, Nestlé Launch Water Quality Handbook to Boost Standards
The Federal Government and Nestlé Nigeria have launched a Water Quality Handbook to enhance compliance and build technical capacity across sectors. Minister Utsev warned climate change is impacting water resources through floods and droughts.
FG Opens 2026 MSME Awards Portal, N1bn Grants for 100 Nigerians
The Federal Government has launched the application portal for the 2026 National MSME Awards, offering over N1 billion in grants to 100 Nigerian entrepreneurs. Applications open April 7, with a focus on financial support and sector-wide recognition.
FG Gas Price Hike to Increase Electricity Costs for Nigerians
The Nigerian government has increased natural gas prices for power generation companies, which experts warn will likely lead to higher electricity tariffs for consumers amid the sector's mounting debt crisis.
Ex-Minister: Strong Leadership Key to Nigeria's Stable Power Supply
Former Minister of State for Power Goddy Jedy-Agba emphasizes sustained reforms, investment, and leadership mentorship as essential for achieving reliable electricity and national development in Nigeria.
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India's Condom Industry Hit by West Asia Conflict Supply Issues
The ongoing US-Israel-Iran conflict is disrupting supply chains for India's $860 million condom manufacturing sector, causing shortages of key materials like silicone oil and ammonia and driving up production costs significantly.
Dangote Refinery Set to Raise Petrol Price Amid Crude Oil Rally
Nigerians brace for higher living costs as Dangote Refinery plans petrol price increases due to soaring global crude oil prices, prompting fuel marketers to suspend sales and consumers to face inflationary pressures.
FG Expands ₦75,000 Cash Transfer to 15 Million Homes
The Nigerian government has launched the Conditional Cash Transfer programme targeting 15 million vulnerable households, with ₦75,000 disbursed in three phases. Over 9 million households have already received payments.
NNPC Cuts Petrol Prices Nationwide After Dangote Reduction
The Nigerian National Petroleum Company Limited has reduced petrol prices at its retail outlets nationwide, offering temporary relief amid concerns over rising crude oil costs.
Power Sector Bonds: Lifeline or Debt Trap in Nigeria?
Nigeria issues N501.02 billion bonds to address power sector liquidity, but experts warn it's a temporary fix without structural reforms on tariffs and distribution inefficiencies.
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Afreximbank Leads $4B Dangote Refinery Financing with $2.5B
Afreximbank underwrites $2.5 billion in a $4 billion syndicated credit for Dangote Refinery, aiming to strengthen its financial position and support long-term growth across Africa.
Nigeria's Telecoms Revolution: Subscribers Get Direct Compensation
Nigeria's telecom regulator mandates direct airtime and data credits for subscribers affected by service failures, shifting from fines to consumer-focused compensation.
Nigeria Risks Losing Trade Dominance Without Deep Seaports
Former leaders and maritime experts warn Nigeria could lose regional trade dominance if it fails to invest in deep seaports, risking cargo diversion to neighboring countries and economic sidelining.
Real-Time Tool Launched to Track Maritime Inefficiencies
MACN and CRFFN unveil a User Experience Diary for real-time reporting of cargo clearance issues, aiming to boost transparency and reduce delays in Nigeria's ports.
Oil Surge Lifts Nigeria's Outlook Amid Market Volatility
Rising global oil prices, driven by Middle East tensions and supply disruptions, are expected to bolster Nigeria's economy as a net oil exporter, though geopolitical risks may limit gains, according to FXTM market analysis.
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Manufacturers Decry Rising Energy Prices, Dwindling Margins
The Manufacturers Association of Nigeria warns that escalating global energy prices and supply chain disruptions threaten to cripple domestic production, urging immediate government intervention.
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