23,000+ Nigerian Pilgrims in Makkah as Saudi Moon Sighting Starts
More than 23,000 Nigerian pilgrims have reached Makkah for Hajj 2026. Saudi Arabia begins Dhul Hijjah moon sighting; Eid Al Adha expected May 27.
Category : Business
Sugar Industry Can Tackle Nigeria's Unemployment, Insecurity
The National Sugar Development Council says a fully-developed sugar sector can create 250,000 direct jobs and 750,000 indirect jobs, boosting rural development and national security.
ATOPCON Urged to Leverage New Tax Act Incentives (18.05.2026)
ATOPCON consultants are urged to embrace the new Nigerian Tax Act's incentives, maintain accurate records, and ensure compliance for sustainable practice.
Group Advocates 4Ps for Affordable Housing Delivery (18.05.2026)
A summit advocate Public-Private-People Partnerships to boost affordable housing, addressing finance, land access, and collaboration.
BOI, IFC Partner on Abuja Conference Arena Project
Bank of Industry and IFC sign agreement to develop Abuja Conference and Exhibition Arena, a world-class complex to boost tourism, jobs, and investment under a PPP framework.
FirstBank, Visa Roll Out Naira and Multi-Currency Debit Cards
FirstBank and Visa have launched the Visa Value Naira Debit Card and Visa Signature Debit Multi-Currency Card to expand digital payments and support Nigeria's cashless economy.
NAHCO shareholders approve N12.18b dividend, bonus shares
NAHCO shareholders approved N12.18 billion dividend and bonus shares for 2025, marking five years of payout increases. Share price rose over 150%.
NIA Challenges Architects on Resilience and Inclusivity
Architects urged to expand roles into creative industries and sustainable design at Lagos Architects' Forum 17.0, themed 'Lagos Architecture: The Movie'.
NSE Pledges Skills Development, Urges Political Participation
The Nigerian Society of Engineers commits to continuous professional education and urges members to engage in politics ahead of 2027 elections, with a 35.1% membership increase.
Airlines Await FG's 30% Debt Relief Three Weeks On
Three weeks after the Federal Government approved a 30% debt relief for Nigerian airlines due to high Jet A1 prices, carriers have not received any communication or implementation, with stakeholders questioning the existence of such debts.
COCEFAAA Urges Stakeholders to Invest in Cocoa Value Chain
COCEFAAA calls on stakeholders to invest in cocoa processing, citing Sunbeth's new facilities as a model for retaining value in Africa.
FG Targets $74 Billion Livestock Economy with AfDB Support
Nigeria aims to grow its livestock economy from $32 billion to $74 billion in 10 years, backed by a $300 million AfDB package and new infrastructure.
Naira Weakens Marginally to N1,371/$
The naira depreciated slightly against the dollar, closing at N1,371.04/$ in the official market, amid high import costs and limited FX access.
FG Launches IPPF to Safeguard Insurance Policyholders
Nigeria's FG inaugurates the Insurance Policyholders' Protection Fund (IPPF) to guarantee claims if insurers fail, boosting confidence in the sector under the NIIRA 2025 Act.
Global Leaders at WUF13 in Baku Tackle Housing Crisis
World leaders gather in Baku for WUF13 to discuss housing shortages, climate resilience, and inclusive urban planning amid rapid urbanization and global crises.
Mall Developers Restructure Assets Amid Retail Slowdown
Nigeria's retail sector faces transformation as economic pressures force mall owners to restructure assets, with Maryland Mall up for sale amid shifting consumer habits.
PenCom Approves Pension Funds for Dangote Refinery IPO
PenCom has approved pension assets for Dangote Refinery's IPO, allowing PFAs access to N29.5 trillion funds for investment in Africa's largest refinery.
Fresh Inflation Fears May Alter CBN Policy Plan, Economists Warn
Economists express concern over rising inflation, which may prompt the CBN to reconsider its cautious rate cut programme. April inflation hit 15.69%, driven by food and energy costs.
BOI Chief: Profit Alone Cannot Define Success Without Impact
Bank of Industry MD Olasupo Olusi says loan disbursements and profitability are insufficient without measurable development impact, unveils new strategy focused on youth, climate, and MSMEs.
Abbey Mortgage Bank Virtual AGM Set for May 25, 2026
Abbey Mortgage Bank will hold its virtual Annual General Meeting on May 25, 2026, themed 'Shaping the Future', focusing on digital innovation and shareholder engagement.
Wigwe's Death Nearly Derailed Bayelsa Power Project
Bayelsa Governor Douye Diri reveals that the death of Access Bank CEO Herbert Wigwe almost scuttled the state's gas-powered electricity project, now commissioned.
Telcos Airtime Loan Freeze Continues Despite Court Orders
Nigeria's telecoms keep airtime loan suspension despite court orders, affecting 40 million subscribers. FCCPC defends regulations amid regulatory silence.
Nigeria Firm on Shea Nuts Ban, Says Minister
Nigeria reaffirms ban on raw shea nuts export to boost local processing and value addition, as announced at the Global Shea Alliance Conference in Ghana.
LOTUS Bank Backs FG CNG, EV Mobility Programme
LOTUS Bank partners with Presidential Initiative on CNG and EV to support cleaner transportation, financing infrastructure and fleet conversion across Nigeria.
S&P Upgrade: Impact on Nigeria's Economy Explained
S&P upgrades Nigeria's credit rating to 'B' after 14 years. Analysts weigh benefits and limitations for citizens amid inflation and reform challenges.
BoA Unveils Initiatives to Stabilise Food Prices
The Bank of Agriculture launches programmes to stabilise food prices and protect farmers from market volatility, partnering with the Nigerian Air Force to boost mechanised farming.
NDPHC to Supply Lagos with Extra 1,500MW
The Niger Delta Power Holding Company plans to supply an additional 1,500MW to Lagos State to address its electricity deficit, currently receiving only 1,000MW against a demand of 12,000MW.
ASHRAE Nigeria Yearly Lecture Set for May 19-22, 2026
ASHRAE Nigeria chapter, in collaboration with Mega Clima, hosts its yearly distinguished lecture from May 19-21, 2026, focusing on national codes and sustainable building design.
Dangote: Africa Can Achieve Food Self-Sufficiency and Export
Aliko Dangote reaffirms Africa's capacity for food self-sufficiency and export, announcing over $4 billion investment in Ethiopia's fertiliser plant with PM Abiy Ahmed.
Downstream Sector Faces Stress Test Over Energy Security
Legal battles and regulatory clashes threaten Nigeria's fuel supply, as Dangote Refinery sues NMDPRA over import licenses, sparking concerns over energy security and investor confidence.
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