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Category : Business
Student Buys Solar Generator Instead of Wig
A Nigerian student chose a solar generator over a wig, powering her freezer and fan. She shared the cost and benefits on TikTok.
FUTO Gets ₦575m Boost as Dangote Champions Local Industry
Aliko Dangote announces ₦550m hostel and ₦25m donation to FUTO, urging students to drive Nigeria's industrialisation and reduce import dependence.
Afreximbank Boosts Africa's Productivity Amid Rising Confidence
Afreximbank reaffirms commitment to reducing Africa's dependence on external systems through projects like the Dangote Refinery, as investor confidence and financial performance surge.
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NCC Moves to Make Smartphones More Affordable in Nigeria
The NCC is working to lower smartphone prices in Nigeria as costs surge. Entry-level devices now start above ₦100,000, with plans to introduce cheaper options.
Chelsea Contact Iraola for Managerial Vacancy
Chelsea have contacted Andoni Iraola's representatives to replace Liam Rosenior after his sacking. Fans oppose the move citing lack of experience.
Tinubu's Coach Mentality as Oyedele Takes Finance Helm
RHLN praises Taiwo Oyedele's appointment as Finance Minister, highlighting Tinubu's adaptive leadership and Oyedele's expertise in fiscal policy for Nigeria's economic reforms.
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Nigerian Airlines Threaten Shutdown Over Fuel Price Surge
Nigeria's domestic airlines issue 48-hour ultimatum to government, warning of 7-day shutdown from April 30 due to 300% aviation fuel price hike.
FG to Borrow N700bn via Domestic Bond Market
The Debt Management Office plans to raise N700 billion through FGN bonds to finance budget needs, with high coupon rates reflecting inflation expectations.
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Afreximbank Boosts Africa's Growth with Strong Finances
Afreximbank reaffirms commitment to reducing Africa's external dependence by financing refining, logistics, and manufacturing projects, citing strong 2025 financial results and investor confidence.
YMCA Boosts Malaria Fight in Lagos Community
YMCA and Central Club of Lagos held a medical outreach for World Malaria Day 2026, offering free testing, drugs, and nets to residents.
NASFAT disburses N77m zakat to over 210 beneficiaries
NASFAT disbursed over N77 million in zakat to more than 210 beneficiaries across Nigeria, the highest single-round distribution since the initiative began.
Air Peace, Others Announce April 30 Shutdown Over Fuel Costs
Nigeria's aviation sector faces shutdown as airlines warn of suspending operations from April 30 over soaring Jet A1 fuel costs, up 300% since February.
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Nigeria's Green Tax Targets SUVs, Luxury Cars from July 2026
Nigeria introduces a 2%-4% green tax on vehicles above 2,000cc from July 2026, aiming to boost revenue and cut emissions. SUVs and luxury cars are most affected.
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Waltersmith Refinery Capacity Reaches 10,000 bpd
Waltersmith Petroman Oil Limited expands refinery capacity to 10,000 bpd, with plans for an industrial park. NMDPRA and NCDMB inspect Phase 2 facility.
Kwara Pure Water Producers Lament as Price Hike Hits Sales
Sachet water producers in Kwara state report reduced sales after raising bag price from N400 to N500, citing rising fuel and production costs. Many fear business collapse.
FG Launches Poverty Reduction Programme for 10 Million
Nigeria's Minister Abubakar Bagudu announces the Renewed Hope Ward Development Programme targeting all 8,809 wards, aiming to benefit about 10 million Nigerians.
US Treasury Accepts PayPal Donations for $39 Trillion Debt
The US Treasury now allows PayPal and Venmo donations to reduce the $39 trillion national debt. Monthly contributions average $120,000, a tiny fraction of interest payments.
Dangote Refinery Expansion to Create 95,000 Jobs
Dangote Group plans to expand its refinery to 1.4 million barrels per day, creating 95,000 jobs and surpassing Jamnagar as world's largest refinery.
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VivaJets Joins Africa CEO Forum for Mobility Push
VivaJets, a Nigerian business aviation firm, will serve as strategic mobility partner at the Africa CEO Forum in Kigali, aiming to improve connectivity for leaders across the continent.
VivaJets Partners Africa CEO Forum for Connectivity
VivaJets, a Nigerian business aviation firm, will serve as strategic mobility partner at the upcoming Africa CEO Forum in Kigali, aiming to enhance connectivity and intra-African trade.
Lagos Signs Power Deal with 3 Firms to End Blackouts
Lagos State Government signs Power Purchase Agreement with three firms to boost electricity from 60MW to 400MW, revive dormant plants, and power public institutions.
UPDC MD Warns on Diaspora Investment Risks, Housing Challenges
UPDC MD Odunayo Ojo highlights risks for diaspora investors and barriers to affordable housing, calling for government support and verification.
Insurer, Lagos Food Bank Aid 200 Households
Prudential Zenith Life Insurance partnered with Lagos Food Bank Initiative to provide food aid to 200 vulnerable households, with employee volunteers distributing grocery boxes.
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Metro & Castle Provides Affordable Luxury Homes in Lagos
Metro & Castle focuses on affordable luxury homes and community development in Lagos, targeting diaspora Nigerians. CEO Abdul Adekunle shares progress on housing units and retail outlets.
Blended Finance, Mini-Grids Key to Nigeria's Energy Woes
Energy experts call for blended financing and interconnected mini-grids to tackle Nigeria's electricity deficit, as highlighted in a new book by Dr Cheryl Ikejiaku.
Banks Face Asset Quality, Validation Tests After Capital Raise
Nigerian banks grapple with asset quality and validation tests after raising N4.65 trillion capital, facing excess liquidity, lower yields, and moral hazard concerns.
Handlers May Suspend Services Over N9bn Airline Debt
Aviation ground handlers in Nigeria issue a 7-day ultimatum to airlines over over N9 billion debt, warning of possible service withdrawal from April 28, 2026.
KWACCIMA Seeks Mining Removal from Exclusive List
KWACCIMA calls for decentralizing mining control to states to enhance security and boost IGR, citing local oversight benefits.
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Bature Elected NIESV President, Pledges Transformation
Muhammad Bature has been elected as the 27th President of NIESV. He unveiled a seven-point agenda focusing on digital transformation, ethics, capacity building, and global positioning.
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