N1,400 Fuel Price Hike Sparks Silence Debate in Nigeria
Nigerians question the quiet response to petrol prices hitting N1,400 per litre, contrasting past protests and highlighting economic impacts on transport and daily costs.
Category : Business
NELMCO Clears N2.16 Trillion Debt, Boosts Power Sector
The Federal Government has significantly reduced power sector liabilities, with NELMCO clearing over N2.16 trillion in debts inherited from PHCN, enhancing investment confidence and sector stability.
Nigeria's Commodity Exchanges: The Missing Link
Despite decades of talk about diversifying Nigeria's economy beyond oil, commodity exchanges remain underutilized due to weak policy support, limiting transparent price discovery and agricultural market efficiency.
Tinubu Expands PiCNG to Include Electric Vehicles
President Bola Tinubu has approved expanding the Presidential Initiative on Compressed Natural Gas to include electric vehicles, aiming to accelerate Nigeria's transition to sustainable transportation.
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Nigeria Woos EU Against Illegal Fishing, Maritime Crimes
The Federal Government calls for enhanced collaboration with the European Union to tackle illegal fishing, trafficking, and environmental crimes in the Gulf of Guinea, emphasizing regional security.
CBN Grants IOCs Full Access to Export Proceeds in FX Reform
The Central Bank of Nigeria has removed cash pooling requirements for international oil companies, allowing them unrestricted access to repatriated export proceeds to boost FX market liquidity and stability.
Nigeria Scales Local Oil Skills Post-Expatriate Rejection
Following the rejection of 186 expatriate quotas, Nigeria's PTDF and NUC are rapidly building local skills and updating curricula in the oil sector, focusing on AI, renewable energy, and cost-effective domestic training to reduce foreign reliance.
Nigeria Selected as AfCFTA Trade Regime Pilot Country
Nigeria has been designated as the pilot country for the African Continental Free Trade Area's Simplified Trade Regime in West Africa, aiming to ease cross-border trade for small-scale traders and boost economic integration.
Jetour T2 Plug-in Hybrid SUV Launches in Nigeria
Jetour strengthens its position in Nigeria's SUV market with the launch of the T2 Plug-in Hybrid Electric Vehicle, featuring dual driving modes, multiple charging options, and advanced safety features for urban and off-road use.
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Stakeholders Push for Smarter Risk Strategy Ahead of 2026 Summit
Ahead of the 8th Nigerian Risk Awards and Summit in June 2026, stakeholders are urging a shift from reactive to proactive risk management to enhance national resilience against global disruptions.
Experts Warn of Crisis from Poor Succession Planning
Leading professionals warn that poor succession planning in Nigerian businesses, driven by cultural beliefs and lack of structure, threatens generational wealth and organizational stability, urging adoption of tools like trusts and wills.
Nigeria, 5 African Nations Get €5M Grant for Climate-Smart Tech
A €5 million grant from Germany, administered through the African Development Bank, will support Nigeria, Rwanda, Uganda, Tanzania, Mozambique, and Malawi in implementing climate-smart agricultural technologies to enhance food security and resilience.
TRAVCONEXPO 2026 in Lagos Focuses on Travel Trends
The second Travelpreneur Conference and Expo (TRAVCONEXPO) will be held in Lagos from September 3-4, 2026, themed 'The Next Frontier: Expanding Opportunities in a Connected Travel World.' It aims to address innovation, collaboration, and connectivity in g
NANTA Deputy President Seeks Re-election, Calls for Support
Chinyere Umeasiegbu, First Deputy President of NANTA, urges members to support her re-election to consolidate gains and ensure gender and regional representation at the upcoming 50th AGM.
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Low AfCFTA Usage Despite High Non-Oil Export Figures
A new survey by the Network of Practising Non-Oil Exporters of Nigeria highlights minimal AfCFTA utilization, with 66% of exporters operating below $50,000 and domestic bottlenecks cited as major barriers.
Community Petitions Aiyedatiwa Over Abandoned World Bank Projects
Yaba community in Ondo State petitions Governor Lucky Aiyedatiwa over neglected World Bank projects, including roads and a market, citing impassable conditions and stalled development.
AfDB Approves $5.65M Grant for Off-Grid Power in Africa
The African Development Bank has approved a $5.65 million grant to pilot a climate finance tool for expanding off-grid renewable energy in fragile African countries, aiming to provide electricity to 856,000 people.
Lagos, NACCIMA Push MSMEs and Human Capital for $1T Economy
Lagos State government and NACCIMA emphasize prioritizing MSMEs and investing in human capital as key to achieving Nigeria's $1 trillion economy goal by 2030, addressing inflation and infrastructure challenges.
AATF: GAP and Mechanization Double Cassava Yields in Oyo
The African Agricultural Technology Foundation reports that cassava farmers in Oyo State have doubled their yields to 20-25 tons per hectare through Good Agronomic Practices and mechanization, transforming livelihoods.
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Professor Urges Finance Alignment with Productive Sectors for Growth
Former University of Uyo VC, Prof. Akpan Ekpo, advises the Federal Government to direct capital toward employment-generating sectors and technological learning for durable national wealth.
Germany Pushes for Stronger Agro-Industrial Ties with Nigeria
Germany's Consul General in Lagos advocates for deeper collaboration in food processing to boost Nigeria's economy, job creation, and food security through advanced technology and expertise.
Oceangate to Appeal Federal High Court Asset Forfeiture Order
Oceangate Engineering Oil & Gas Limited announces plans to appeal a Federal High Court civil asset forfeiture ruling, emphasizing no wrongdoing found and reaffirming commitment to Nigeria's energy sector.
ACCI Launches Young CEOs Forum for Youth Economic Growth
The Abuja Chamber of Commerce and Industry inaugurates a new Executive Committee for its Young CEOs Forum, aiming to empower young entrepreneurs aged 18-30 with mentorship, networking, and business development tools to foster innovation and economic trans
Brothers Buy Dilapidated House in Aba, Go Viral on TikTok
Two Nigerian siblings purchase a rundown property in Aba, sharing the journey on TikTok. The viral video draws congratulatory messages and renovation offers from social media users.
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NPA Boss Hails Women's Role in Maritime on IWD 2026
Nigerian Ports Authority MD Dr. Abubakar Dantsoho praised women's professionalism and innovation in the maritime industry during International Women's Day celebrations in Lagos, emphasizing the agency's commitment to gender-inclusive growth.
Audu Kolo's 25-Year Maritime Journey at Nigerian Ports Authority
Audu Kolo, Traffic Manager at Tin Can Island Port, reflects on 25 years of dedicated service in Nigeria's maritime sector, highlighting his career progression, strategic roles, and commitment to mentoring the next generation of professionals.
Transcorp Invests $2M in Nigerian Entrepreneurs via TEF
Transcorp Group has expanded its partnership with the Tony Elumelu Foundation, investing $2 million to support 1,250 entrepreneurs, with over 430 from Niger Delta states.
MTN Leads as Nigerian Stock Market Gains N21 Billion
The Nigerian equities market closed bullish on Thursday, March 26, 2026, with investors gaining N21 billion as MTN Nigeria led value trades. The All-Share Index rose 0.02% to 200,957.9 points, driven by selective buying in key sectors.
Canada's FIFA World Cup 26 Entry Requirements Revealed
Canada has detailed entry requirements for fans, players, media, volunteers, and workers attending FIFA World Cup 26. Officials clarify visa rules, work permit exemptions, and application procedures for the global event.
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Beta Glass Promotes Women's Inclusion for National Growth
Beta Glass Plc hosted its International Women's Day 2026 conference, bringing together industry leaders to discuss moving gender inclusion from corporate optics to measurable economic transformation in manufacturing.
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