Emirates Halts Flights Post-Dubai Airport Drone Strike
Emirates airline has temporarily suspended all flights to and from Dubai following a drone attack near the airport, citing safety concerns amid regional instability from Middle East conflicts.
Category : Business
FAAN Denies Bandit Hijack Attempt at Akure Airport
FAAN refutes social media claims of a plane hijack attempt at Akure Airport, clarifying that a security operation led to the arrest of four suspects near the perimeter.
Energy Price Surge Threatens Nigerian Businesses - CPPE
The Centre for the Promotion of Private Enterprise warns that rising global energy costs, driven by Middle East tensions, severely threaten Nigerian businesses. It urges energy efficiency, diversification, and government reforms to mitigate the crisis.
Kano Ramadan Feeding Boosts Economy, Creates Jobs
Governor Abba Kabir Yusuf's Ramadan feeding initiative in Kano has become an economic catalyst, creating temporary employment for hundreds while stimulating local markets through massive procurement of food items.
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Youth Groups Defend Dangote Refinery Over Fuel Price Increase
Ethnic Youth Leaders across Nigeria have defended the Dangote Petrochemical Refinery's recent fuel price increase, attributing it to global market pressures including Middle East conflicts and China's export restrictions.
No Fatalities in Train Incident Near Asham: NRC
The Nigerian Railway Corporation reports a train incident near Asham station with injuries but no deaths. Emergency protocols were activated, and an investigation is underway.
Tinubu Swears in Taiwo Oyedele as Finance Minister Today
President Bola Tinubu will swear in Taiwo Oyedele as Minister of State for Finance at the Presidential Villa in Abuja, following his nomination to replace Doris Uzoka-Anite, who has been reassigned.
Transcorp Energy Secures World Bank Renewable Project in Abuja
Transcorp Energy Limited has been selected for a World Bank-supported renewable energy initiative in Abuja, deploying interconnected mini-grids to expand electricity access in underserved areas of the Federal Capital Territory.
20 Insurers Move to Capital Verification in Nigeria
Twenty insurance companies have submitted readiness for capital verification under NAICOM's recapitalisation exercise, aiming to strengthen the sector's financial resilience ahead of the July 30 deadline.
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Transcorp Hotels Hits ₦2trn Market Cap, Shares at 52-Week High
Transcorp Hotels Plc has achieved a market capitalisation exceeding ₦2 trillion, with its shares reaching a 52-week high on the Nigerian Exchange Limited. This milestone underscores investor confidence in the company's diversified hospitality portfolio an
Media Urged to Focus on Solutions in Farmers-Herders Crisis
Civil society organizations call on journalists to adopt solution-driven reporting on farmers-herders conflicts, highlighting new guidelines and community-based mediation efforts to foster peace in Nigeria.
Togo Aims to Increase Electricity Imports from Nigeria
Togo is exploring plans to increase electricity imports from Nigeria's Niger Delta Power Holding Company to address growing power demand and support economic activities.
Sycamore Launches N20bn Commercial Paper with BBB+ Rating
Sycamore Integrated Solutions Limited enters Nigeria's capital market with a N20 billion Commercial Paper Programme, securing a BBB+ rating from DataPro. The issuance offers yields up to 25% amid rapid growth in short-term debt markets.
Train Collision on Kaduna-Abuja Track Leaves Passengers Stranded
A train collision on the Kaduna-Abuja route stranded passengers, with the NSIB investigating the incident. NRC confirmed no fatalities, but injuries were reported, raising safety concerns.
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Juliet Vincent-Obi Dedicates US Honour to Kidpreneurs Worldwide
Juliet Vincent-Obi, founder of Kidpreneur Africa, receives recognition from the Georgia House of Representatives for empowering children with financial literacy and entrepreneurial skills globally.
IESL Group Launches New Subsidiary for Oil and Gas Expansion
IESL Group has launched IESL Oilfield Development Services Limited, a new subsidiary approved by the CAC, to expand its former OSS Business Unit. The move aims to drive growth and sustainability across the oil and gas value-chain.
In-House Lawyers Shape Business Transformation in Nigeria
David Freeman of Legal 500 highlights the strategic role of in-house counsel in governance and business transformation, as Okechukwu Eke of Moniepoint is recognized on the GC Powerlist Nigeria 2026.
Police Counter FAAN Over Bandit Arrests at Akure Airport
The Ondo State Police Command and FAAN clash over the arrest of four suspected bandits near Akure Airport, as security agencies conduct a show of force and experts warn of airport vulnerabilities.
Odu'a Buys 10% Stake in FCMB Pensions After Regulatory Approval
Odu'a Investment Company Limited has completed the acquisition of a 10% minority equity stake in FCMB Pensions Limited, following approvals from PenCom and CBN. This move strengthens Nigeria's pension industry and aligns with long-term economic goals.
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Women Seek Digital, Financial Structure for Cross-Border Trade
Women professionals and entrepreneurs call for enhanced digital and financial infrastructure to facilitate seamless cross-border trade across Africa, as highlighted at the Ecobank Ellevate Proposition Programme launch.
Middle East Crisis Spikes Reinsurance Costs for Nigerian Insurers
The National Insurance Commission warns that escalating Middle East conflicts could increase global reinsurance rates, impacting Nigerian insurers reliant on offshore capacity for high-risk underwriting.
FG Probes Gas Seepage in Bille, Calls for Calm
The Federal Government has launched an investigation into gas seepage reported in Bille Community, Rivers State, with regulatory agencies and operators working to determine the source and ensure safety.
FirstBank Women Network Urges Value Creation for Female Leaders
At its 2026 International Women's Day event, FirstBank Women Network emphasized value creation, collaboration, and mentorship as key to women's leadership in the corporate sector, with speakers highlighting 'structured sisterhood' and the 'Give to Gain' p
Nigerian Banks Should Own Aircraft for Economic Growth
Nigerian banks are encouraged to invest in aircraft ownership to boost the economy, reduce foreign exchange outflows, and strengthen domestic financial systems through structured aviation assets.
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SWDC TransComs Initiative Aims to Boost Food Production
The South-West Development Commission (SWDC) has launched the Transformed Communities (TransComs) initiative to address infrastructure deficits and enhance agricultural productivity in rural South-West Nigeria through coordinated improvements.
Women's Invisible Work That Organizations Don't Pay For
In workplaces, women often perform invisible emotional labor—managing team dynamics and morale—that goes unpaid and unrecognized, yet is crucial for organizational stability and productivity.
Inflation Eases to 15.06% Despite Food Price Surge
Nigeria's headline inflation rate fell to 15.06% in February 2026, down from 15.1% in January, as per NBS data. However, food inflation surged month-on-month, with states like Kogi and Bayelsa seeing the highest increases, driven by insecurity and transpo
Oil Price Boom Debate: Nigeria's Opportunity vs. Production Gap
Mixed reactions emerge as Nigeria faces a global oil price surge. Senator Magnus Abe sees strategic opportunities for revenue, while economist Dr. Chijioke Ekechukwu warns low production limits gains, citing OPEC data and budget impacts.
NGX ASI Hits 200,000 Points, N2 Trillion Gain
Nigeria's stock market soared as the All-Share Index crossed 200,000 points, with investors gaining nearly N2 trillion in a day, driven by strong demand and broad-based sector gains.
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Oyedele Sworn In as Finance Minister, Vows Reforms
Taiwo Oyedele has been sworn in as Minister of State for Finance, committing to revenue mobilisation and fiscal sustainability. Meanwhile, Abubakar Bagudu reaffirms Nigeria's $1 trillion economy goal.
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