30% of Nigerians Earn Below N100,000 Monthly
A new PiggyVest report shows 30% of Nigerians earn less than N100,000 monthly, with 28% reporting no income, highlighting widespread financial strain despite economic reforms.
Category : Business
NERC: Nigeria's Electricity Crisis is a Market Sustainability Issue
NERC Chairman Musiliu Oseni identifies market sustainability as the core challenge in Nigeria's electricity sector, urging coordinated regulatory action to address structural issues beyond generation and distribution deficits.
Unilever Nigeria's Turnover Hits N214 Billion with 43% Growth
Unilever Nigeria Plc reports a turnover of N214 billion for 2025, up 43% from N150 billion in 2024, with net profit doubling to N32 billion, driven by power brands and operational efficiency.
Banks Raise N4.61 Trillion Capital, N1.2 Trillion Foreign
CBN Governor Olayemi Cardoso announces Nigerian banks raised N4.61 trillion in fresh capital, with 27% from foreign investors, during the recapitalisation programme. He warns of cross-border risks and emphasizes regulatory collaboration.
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Nigeria's Banking Recapitalisation Must Drive Real Investment: World Bank
World Bank Country Director Matthew Verghis states that the success of Nigeria's banking recapitalisation hinges on channelling raised funds into productive investments like MSMEs and infrastructure to achieve tangible economic growth.
Domestic Investors Boost NGX Turnover to N1.5 Trillion
Nigerian Exchange Limited sees a 78.93% month-on-month rise in market transactions to N1.5 trillion in February 2026, with domestic investors dominating 91% of activity.
WMO Urges Nigeria to Strengthen Climate Resilience
The World Meteorological Organisation has called on Nigeria to bolster its resilience against climate change impacts, following warnings of extreme weather as a top global long-term threat.
NCC Commits to Broadband Expansion in Underserved Areas
The Nigerian Communications Commission reaffirms its commitment to delivering broadband access to underserved communities, emphasizing Plateau State's strategic role in national digital transformation efforts.
Capital Importation Rises 26.6% on Portfolio Investment Boost
Nigeria's capital importation increased by 26.6% in Q4, reaching $6 billion, with foreign portfolio investments dominating at 85.14%. The banking sector led inflows, while the UK was the top source.
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Coronation Life CEO Lists Financial Security Benefits
Adebowale Adesona, CEO of Coronation Life Assurance, emphasizes life insurance as a key tool for long-term financial security, promoting the 'Insure & Win 2.0' raffle draw with prizes like generators and a car.
Group Alarms Over Plans to Distort Abuja Master Plan at Jabi Lake
The Housing Development Advocacy Network raises concerns about proposals to convert Jabi Lake into residential areas, warning of environmental, legal, and urban planning risks for Abuja's future.
NSIB Condemns Airlines for Altering Black Box Data
The Nigerian Safety Investigation Bureau warns airlines and pilots against overwriting flight data recorders, which undermines accident probes and aviation safety. The bureau also reiterates strict rules on substance use by crew members.
NIM Inductees Charged to Be Agents of Positive Change
The Nigerian Institute of Management (Chartered) has called on its newly inducted members to serve as agents of change, upholding ethical standards and interdisciplinary collaboration in their professional roles.
Sonaiya Named Board Chair at St. Ives Communications
St. Ives Communications Ltd. has appointed co-founder Toun Okewale Sonaiya as Chairman of the Board of Directors, part of a leadership restructuring that also sees Aramide Alakija-Ajeh as CEO of Women Radio WFM 91.7.
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NCAT Boosts Security with Perimeter Fencing Against Encroachment
The Nigerian College of Aviation Technology is accelerating its perimeter fencing project to prevent land encroachment by neighboring communities and enhance operational safety, as disclosed by Rector Dr. Danjuma Ismaila.
Keke Rider Makes Only N50 Profit After N5k Fuel Purchase
A Nigerian tricycle rider's emotional video detailing his meager N50 profit after spending N5,000 on fuel has gone viral, sparking widespread reactions about economic hardship and government policies.
EU-Nigeria Launch Climate-Smart Agriculture Project
The Federal Government and European Union, with Czech Republic, Austria, and Latvia, have launched a twinning project to enhance climate-smart agriculture and food systems in Nigeria, addressing climate challenges and improving resilience.
Kwara Governor Flags Off N350m Interest-Free Loans for Residents
Governor AbdulRahman AbdulRazaq has initiated the distribution of N350 million in interest-free loans to 1,000 beneficiaries in Kwara State, aiming to boost grassroots economic activity and reduce poverty through the ACReSAL project.
Keke Rider's N5 Profit Laughter Amid Fuel Price Crisis
A tricycle rider in Delta State bursts into laughter after realizing he made only N5 profit from a day's work using N5000 fuel, highlighting Nigeria's economic struggles with rising petrol costs.
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Comedian I Go Save Slams Nigerian Internet Providers as Fraudsters
Popular comedian I Go Save has launched a scathing attack on Nigerian internet service providers, accusing them of defrauding citizens with short-lived data subscriptions and calling for government intervention.
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Maltina's 50th Anniversary Ramadan Cheer in Kano
Maltina marked its 50th anniversary with Ramadan community activities in Kano, including a light-up event and communal iftar gatherings, emphasizing nourishment and togetherness during the holy month.
Nigeria's Escalating Bank App Fraud Crisis
Nigeria's banking system is grappling with a surge in digital fraud, with billions lost through unauthorized access, insider collusion, and sophisticated cyberattacks, threatening financial stability and consumer trust.
Niger Delta Demands Inclusion in Oil Divestment
Niger Delta communities and civil society organizations are insisting on full participation in oil asset divestment processes, warning that exiting multinationals must not abandon environmental liabilities.
UK Alumni Urged to Drive Change in Nigeria's Agriculture, Security
Nigerian alumni of UK universities are urged to apply their global expertise to boost agriculture and security, strengthening Nigeria-UK ties through initiatives like micro-grants and local chapters.
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UK Alumni Urged to Transform Nigeria's Agriculture and Security
Nigerian alumni of UK universities are urged to apply their global expertise to transform critical sectors like agriculture and security, strengthening Nigeria-UK ties through practical development initiatives.
Man Shares Solar Panel Installation Cost, Materials Used
A Nigerian man has gone viral after sharing the breakdown of expenses for installing two solar panels at his residence. He revealed the materials purchased and electrician fees, prompting varied reactions from netizens about solar energy affordability.
Niger Delta Demands Accountability in Oil Divestment
Niger Delta communities and civil society groups call for transparency and environmental justice as NUPRC enforces strict rules on oil asset divestments, amid concerns over unresolved legacy issues.
NBS: Yobe, Sokoto, Akwa Ibom Have Highest Petrol Prices
The National Bureau of Statistics reveals petrol price trends for February 2026, showing Yobe with the highest average price at N1,134.73 per litre and Lagos with the lowest at N966.61.
Court Nullifies CBN's Union Bank Board Dissolution, Orders Reinstatement
A Federal High Court in Lagos has ruled that the Central Bank of Nigeria exceeded its powers by dissolving Union Bank's board in 2024, ordering immediate reinstatement and addressing recapitalisation issues.
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Diesel Prices Fall 5.39% Yearly in Nigeria, NBS Data Shows
The National Bureau of Statistics reveals diesel prices decreased by 5.39% year-on-year in February 2026, with Lagos, Borno, and Akwa Ibom having the highest costs while Ogun and Kogi recorded the lowest.
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