MTN Nigeria Shareholders Approve N152b Fintech Stake Sale
MTN Nigeria shareholders approved the sale of a majority stake in its fintech arms to MTN Group for N152 billion, shifting capital burden and regulatory oversight.
Category : Business
ATCON Rallies Indigenous ISPs for $900m Fibre Revolution
ATCON urges indigenous ISPs to lead Nigeria's $900m broadband expansion, emphasizing last-mile connectivity and local innovation.
NIWA Targets West Africa Trade Boost with Cargo Jetty
NIWA unveils plans for a West Coast cargo jetty to enhance seamless movement of goods across West Africa, leveraging its waterways and experience from the Calabar-Cameroon route.
OPay Signs MoUs with 4 Schools, Expands ₦1.2bn Scholarship
OPay expands ₦1.2 billion scholarship programme to 24 institutions, signing MoUs with four more tertiary schools to support 20 students each annually.
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Cooking Gas Prices Rise to N7,655 for 5kg Cylinder
Cooking gas prices in Nigeria jumped to N7,655.73 for a 5kg cylinder in March 2026, a 12.6% monthly increase. Kaduna recorded the highest price, while Bauchi had the lowest. Experts blame forex volatility and global tensions.
FG Unveils N150bn Smart Highway Plan with CCTV, Solar Lights
The Federal Government announces a N150 billion smart highway project with CCTV, solar lights, and concrete technology for 50-100 year durability.
Abaribe: Tax Without Impact is Extortion at CITN Event
Senator Abaribe and stakeholders warn that tax collection without visible public impact is extortion, as 1,400 new professionals join CITN amid Nigeria's tax reforms.
FG resolves MM2 dispute, approves aircraft leasing firm
The Federal Executive Council approved resolution of the MM2 concession dispute with Bi-Courtney and established a Nigerian aircraft leasing company to support local airlines.
Lagos Rolls Out Industrial Policy to Support MSMEs
Lagos State launches Industrial Policy 2025-2030 targeting reforms to support MSMEs, with N124 million invested in education by COWLSO.
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Cost-of-Living Crisis Overshadows May Day in Nigeria
Nigerian workers mark May Day under severe cost-of-living pressures as N70,000 minimum wage loses value amid inflation, fuel price surge, and food price hikes.
Kwara Bridge Collapse Disrupts Travel, Food Supply
Mooro bridge collapse in Kwara halts vehicular movement, threatens food supply to Ilorin and neighbouring states. Govt begins palliative work.
Katsina seals deal for 50,000 solar AI streetlights
Katsina State partners with Conflow Power Group and Mora Energy to deploy 50,000 solar-powered iLamp units with AI compute, becoming Africa's first AI-powered smart state.
FEC Approves $2.9B Rail Projects for Lagos, Kano, Kaduna
The Federal Executive Council has approved $2.99 billion for rail projects in Lagos, Kano, and Kaduna to boost infrastructure and economic growth.
Nigeria's $1 Trillion Economy Threatened by Skills Gap
Stakeholders at a NACCIMA TVET summit in Lagos call for urgent reforms to tackle Nigeria's skills gap, warning it threatens the $1 trillion economy target.
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Seplat Energy Posts $840.7M Revenue, Declares 9 Cents Dividend
Seplat Energy reported $840.7 million Q1 revenue and $37.9 million profit, declaring a 9 cents per share dividend, a 96% year-on-year increase.
UBA Pushes Bank-Fintech Collaboration at African Conference
UBA hosted its inaugural Fintech Conference, urging deeper collaboration between banks and fintechs to drive financial inclusion and innovation across Africa.
Dangote Refinery Recalls Redeployed Engineers
Dangote Refinery recalls engineers redeployed after disciplinary actions, offering a second chance following appeals and internal review.
Nigeria Business Activity Contracts in April 2026
Nigeria's PMI fell to 49.4 in April 2026, first contraction in 16 months, driven by rising costs and weakening demand across industry and services.
Data-Driven Trust Key to Unlocking $32.3bn SME Gap
CRC Credit Bureau calls for data-driven trust infrastructure to unlock Nigeria's $32.3 billion SME financing gap, as MD Dr Popoola delivers lecture at KWASU.
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Ethiopian Airlines to Acquire Six B787 Dreamliners
Ethiopian Airlines and Boeing announce the purchase of six B787-9 Dreamliners, expanding intercontinental routes and cargo capacity from Addis Ababa.
Toyota, Daimler, Volvo Join for Hydrogen Fuel Cells
Toyota joins Daimler Truck and Volvo's Cellcentric fuel-cell joint venture to develop hydrogen-powered transport solutions for heavy-duty vehicles.
NRC Rolls Out New Train Cleaning Standard, Empowers Providers
The Nigerian Railway Corporation has unveiled a new cleaning SOP to enhance passenger safety and hygiene, empowering service providers through training and quality control.
Nord Automobiles unveils 9% vehicle financing scheme
Nord Automobiles launches a single-digit interest vehicle financing scheme in Nigeria, offering loans at 9% with up to 48-month repayment to boost new car ownership.
SMEDAN DG Commends Falcon Chemicals for Innovation
SMEDAN's Director-General Charles Odii praised Falcon Chemicals Limited for its innovation during a facility tour, noting the firm qualifies for export funding.
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Hajj 2026 Airlift Begins May 3 from Ogun Airport
The National Hajj Commission of Nigeria schedules inaugural flight for May 3, 2026, from Gateway International Airport, Ogun State, marking a new era for pilgrim departures.
Experts Defend FG's Intervention in Aviation Fuel Crisis
Aviation stakeholders back the Federal Government's intervention in the aviation fuel crisis, warning that unchecked market forces could cripple the sector.
Nigerian households at risk from firewood cooking
NASENI and partners launch initiatives to distribute clean cookstoves to millions of Nigerian households, addressing health and environmental hazards from firewood.
Middle East Crisis Drives 12.6% Surge in Cooking Gas Prices
Cooking gas price in Nigeria rose 12.6% month-on-month in March 2026 due to Middle East crisis. Kaduna recorded highest price at N9,212.21.
Tinubu Hails CBN Reforms and Bank Recapitalisation Efforts
President Tinubu commended CBN Governor Cardoso for foreign exchange reforms and bank recapitalisation, boosting investor confidence during Ogun airport inauguration.
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Champion Breweries Transitions to Group, Posts N14.4B Revenue
Champion Breweries Plc reports N14.36 billion revenue, a 69% increase, after transitioning to a group reporting structure following its acquisition of enJOYbev B.V.
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