Pricing Gaps Stall Crude Offtake by Local Refiners
Pricing disagreements between producers and domestic refiners led to only 28.5 million barrels of crude taken out of 68.7 million offered in Q1 2026, says NNPCL.
Category : Business
MMA2 Settlement: FG, BASL End Two-Decade Feud, Boosting Aviation
The resolution of the MMA2 dispute between FG and BASL ends a 20-year feud, unlocking investments and boosting the Lekki-Epe Airport project.
Bad Loans Crisis: Shareholders and Directors, Not CBN, to Blame
The article argues that the bad loans crisis in Nigeria's banking sector stems from shareholders and directors, not the CBN, emphasizing legal duties and shared governance.
Strong inter-agency coordination boosts port efficiency
Lack of coordination among 18 maritime agencies causes bottlenecks, delays, and corruption. Experts urge unified framework to enhance trade competitiveness and unlock blue economy potential.
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Zenith Bank Shareholders Get N410.69b Dividend, Bello New Chairman
Zenith Bank shareholders approved N410.69 billion total dividend for 2025. Founder Jim Ovia retired after 12-year tenure, succeeded by Mustafa Bello as Chairman.
FinTribe, SEC Educate Women on Capital Market Investments
At the Ministry of Women Affairs 'Give to Gain' summit in Abuja, FinTribe partnered with SEC to educate women on capital market investments and financial empowerment.
Green Port to Unlock N530bn Yearly, Create 50,000 Jobs
SEREC says green port and marine biomass can unlock N530bn yearly, create 50,000 jobs, attract N450bn investment, and boost non-oil exports.
MOWCA to Harmonise Regional Maritime Training
MOWCA aims to harmonise maritime training across West and Central Africa to bridge human capital gaps and meet global standards, fostering collaboration among regional institutions.
Cartoon: Nigeria's Economic Challenges and Government Response
A cartoon highlights Nigeria's economic struggles, including inflation and unemployment, and critiques the government's response. It calls for effective policies.
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Importers Save N4 Million Per Container at Cotonou
Nigerian importers save up to N4 million per container by diverting cargo to Cotonou port due to high shipping and port charges in Lagos, warns IMAN.
GSMA Urges Tax Reforms for Digital Inclusion in Africa
GSMA calls on African governments to implement tax reforms, including duty exemptions on smartphones and telecom equipment, to accelerate digital inclusion and bridge the connectivity gap.
LASAA Launches Digital Directory, One App for Ads
LASAA has launched a digital directory and the LASAA One App to streamline advertising services, enhance transparency, and regulate the Out-of-Home advertising sector in Lagos State.
Asaba Airport Deploys Automated Parking for Efficiency
Asaba Airport Company has deployed an automated parking system to enhance efficiency, improve traffic flow, and boost revenue through cashless payments.
Experts Demand Improved Infrastructure for Market Growth
Experts at the FSDH Investors Conference called for stronger collaboration, improved infrastructure, and trust to build a smart and inclusive financial market in Nigeria.
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Revenue Gap Widens as DisCos Fail to Collect N45.61bn
Nigeria's electricity distribution companies recorded a N45.61 billion revenue shortfall in February 2026, with collection efficiency at 81.17 percent, highlighting persistent sector inefficiencies.
Polaris Bank Launches Export Support Call Centre
Polaris Bank has launched the NACCIMA Export Support Call Centre to assist Nigerian exporters, particularly in the non-oil sector, with access to global markets.
Nigeria Electricity Debt: Structural Reform Required Beyond Bond
Analysis of Nigeria's N6.8 trillion electricity debt, the N200 billion monthly shortfall, and the need for structural reforms beyond the PPSFRP bond programme to address root causes.
Cleric Distributes Relief Items in Asaba, Urges Tinubu to Act
Samuel Akpan-Isong distributes food and cash to vulnerable Nigerians in Asaba, calls on President Tinubu to address worsening economic hardship and insecurity.
N1,330/L: Top 10 States With Highest and Lowest Petrol Prices
NBS reports average petrol price hit N1,288.54 in March 2026. Anambra has highest at N1,441.22, Lagos lowest at N1,162.71. North-East zone highest, South-West lowest.
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Stakeholders Push for Tech in Nigerian Port Operations
Stakeholders call for AI, IoT, blockchain, and automation in Nigerian ports to boost efficiency, reduce costs, and enhance global competitiveness under AfCFTA.
Tech Founder Warns African Accelerators Against Capital Misuse
Anthony Otaigbe, founder of Izesan, criticizes African startup accelerators for prioritizing optics over impact, urging a focus on real market needs.
Apple to Pay $250M to iPhone Users Over Missing AI Features
Apple agrees to pay up to $250 million to settle a class action lawsuit over missing AI features in iPhone 16 and iPhone 15 Pro devices, with eligible users receiving $25 to $95 per device.
FG Rules Out Return of Fuel Subsidy, Cites Economic Harm
Nigeria's Finance Minister Taiwo Oyedele reaffirms the government's decision not to reinstate fuel subsidy, citing economic damage and market principles.
Expert Warns Railway Expansion Risks Urban Buildings
UK-based Nigerian engineer Ologe Solomon Ochuko warns that railway expansion in cities poses underestimated risks from vibration-induced noise and structural disturbances to buildings.
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Nigeria Launches Revised Gender Policy for Agriculture
The Federal Government unveils a revised gender policy to ensure equitable access to agricultural resources, targeting inclusive transformation by 2030.
Student Buys MTN Shares, Flaunts Dividend, Nigerians React
A 24-year-old civil engineering student, Peter Ogundiran, shared his MTN dividend of N27k on X, sparking reactions from Nigerians who congratulated him on his investment.
PETAN Reaffirms Indigenous Capacity at OTC 2026
PETAN announces participation in OTC 2026, restating commitment to indigenous capacity and showcasing Nigeria's technical expertise in global energy transformation.
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I followed a financial tip online. Here is what it taught me
A Lagos man shares how a viral financial tip led to losses, then taught him to verify platforms, question sources, and trade safely. Real lessons on risk and trust.
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Sundry Markets MSME Fair Empowers Nigerian Entrepreneurs
Sundry Markets Limited hosted MSME Fair – Retail Ready 1.0, empowering Nigerian entrepreneurs with funding, regulatory insights, and growth strategies. Three winners received grants.
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FG's Chinese refinery deal splits experts
The Federal Government's deal with a Chinese firm to rehabilitate Port Harcourt and Warri refineries has divided experts, with some calling for transparency and others urging scrapping.
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