Bank Subsidises Ram Sales for Eid, Residents Buy for N20,000
LOTUS Bank launches subsidised ram sales ahead of Eid-el-Kabir, with residents buying rams for N20,000 amid rising food inflation in Nigeria.
Category : Business
Chelsea Faces Massive Financial Loss After Missing UCL
Chelsea's failure to qualify for the UEFA Champions League will cost them over £100 million, impacting transfer plans and sponsorship deals.
Cooking Gas Prices Surge Across Major Nigerian Cities
Cooking gas prices in Nigeria have surged to N2,000 per kg in some areas amid supply shortages. Experts warn of threats to clean energy goals and food inflation.
Signature Bank 2025 Profit Hits ₦3.59 Billion
Signature Bank reports strong 2025 performance with profit after tax rising to ₦3.59bn, gross earnings up 94.5%, and improved cost-to-income ratio.
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CBN Injects N9.71 Trillion, Naira Gains N19.67 in April
The naira appreciated 1.42% in April 2026 as CBN issued N9.71 trillion in OMO bills to stabilize the FX market and curb inflation.
DSO to Unlock N605bn Revenue, Generate Over $1bn
The Federal Government announces that Nigeria's Digital Switch-Over will unlock N605.2 billion in advertising revenue and generate over $1 billion from spectrum auctions, with a nationwide rollout set for June 17, 2026.
Nigeria Signs MoU with Türkiye for Solid Minerals, Partners China on CNG and EV
Nigeria and Türkiye sign an MoU to boost solid minerals cooperation. The Federal Government also partners with Chinese firm NPT to manufacture CNG and EV infrastructure locally.
Nigeria GDP Up 3.89% in Q1 2026, Electricity Falls 15.3%
Nigeria's economy grew 3.89% in Q1 2026, driven by telecoms, finance, trade and agriculture, while electricity sector shrank 15.3% and oil production declined.
Energy security priority over rapid transition, says Oando CEO
Oando CEO Wale Tinubu says global energy security concerns and economic pressures are prioritising hydrocarbon supply over rapid energy transition, with demand rising in developing nations.
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AON Debunks NCAA Indebtedness, Seeks End to 5% TSC
The Airline Operators of Nigeria denies owing NCAA, insists regulatory fees are paid upfront. They call for an end to airlines collecting the 5% Ticket Sales Charge, urging direct passenger collection.
Maritime lawyers demand legal framework for NSW project
The Nigerian Maritime Law Association calls for a standalone act to back the National Single Window project, warning that delays and lack of legislation are hurting port efficiency and revenue.
Dangote Refinery Cuts Nigeria's Fuel Imports, Boosts Forex
The Dangote Refinery is reshaping Nigeria's oil sector, reducing fuel import dependence and strengthening the economy, per the EIU.
LSETF Partners Equip 300 Youths with Skills at Job Fair
LSETF, King's Trust International, and Field of Skills and Dreams partner to equip 300 young Lagosians with employability skills and connect them to jobs at Get Hired Recruitment Fair.
ADFD Monitors Infrastructure Projects in Nigeria, Others
The Abu Dhabi Fund for Development tracks progress on key road projects in Nigeria, Togo, and Madagascar, with completion rates of 45%, 92%, and 80% respectively.
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Local Content as Engines of Development
Local content policies transform infant industries into durable growth pillars by embedding value, building skills, reducing dependency, and securing social legitimacy.
Airlines need FG intervention to avoid financial strain
Experts warn that Nigeria's aviation industry faces worsening financial strain unless the Federal Government intervenes on high Jet A1 prices, with fuel costs consuming 70% of airline expenses.
Nigerian Navy Hosts 1,500 for 70th Anniversary
The Nigerian Navy onboarded 1,500 Nigerians for a sailing event in Lagos as part of its 70th anniversary celebrations, showcasing naval capabilities and public engagement.
Domestic Investors Boost Stock Market to N1.8 Trillion
Domestic investors' participation in Nigerian stock market rose to N1.8 trillion in April 2026, up 3.35% from March, driven by retail and institutional activity.
UNILAG, UBA Unveil New Banking Facility, Innovation Hub
The University of Lagos and United Bank for Africa have launched a new facility and innovation hub, strengthening their long-standing partnership for academic and industry collaboration.
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AFBTE Warns Private Sector Efficiency Under Threat
The Association of Food, Beverage, and Tobacco Employers warns that private sector efficiency remains under threat due to high costs, policy disruptions, and regulatory challenges.
NISER Predicts 5.02% GDP Growth, Single-Digit Inflation by 2028
NISER projects Nigeria's GDP growth to reach 5.02% by 2028, with inflation falling to single digits, driven by fiscal reforms and non-oil sector growth.
Schneider Electric Urges Engineering Investment in West Africa
Schneider Electric West Africa calls for greater investment in engineering skills to boost industrial competitiveness, after training engineers on motor management systems.
Bayelsa Launches Pioneer Airlines with Inaugural Flight
Bayelsa State enters Nigeria's aviation sector as Governor Douye Diri boards Pioneer Airlines' first flight from Abuja to Yenagoa, symbolizing economic repositioning.
Brands Key to Repositioning Nigeria's Potential, Experts Say
At the West African Innovation Awards 2026, experts highlighted brands as crucial for building an inclusive and sustainable Nigeria, exporting culture and reshaping global perceptions.
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LAWMA Urges Waste Reduction, Sorting Amid Rain Pressure
LAWMA calls on Lagos residents to reduce, sort, and responsibly dispose of waste as heavy rainfall strains disposal facilities, affecting operations and logistics.
Equip Auto Expands to SSA, Launches Cote d'Ivoire Expo
Equip Auto expands into sub-Saharan Africa with Equip Auto Côte d'Ivoire expo in Abidjan, partnering with Interlinks Auto CEO Luc Azilinon to boost automotive and mobility markets.
NCAA Suspends 'No Pay, No Service' Over N12bn Debt
The Nigerian Civil Aviation Authority has suspended its 'No Pay, No Service' directive on 11 airlines owing N12 billion in statutory charges, citing industry challenges.
Chicken Farm Startup Cost in Nigeria 2026: Budget Guide
Discover the full cost to start a chicken farm in Nigeria in 2026, from ₦350k micro-scale to ₦45M+ commercial operations. Break down expenses for chicks, housing, feed, and more.
Solar Engineer Shows How to Spot Good and Bad Panels
A solar engineer's viral post demonstrates a quick method to distinguish high-quality solar panels from poor ones, sparking widespread reactions online.
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Average Salary in Nigeria 2025: Real Figures and Analysis
Discover the real average salary in Nigeria for 2025. Explore formal sector wages, livable income, and industry comparisons across the country.
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