Transcorp Hilton Abuja Water Supply Fully Restored After One-Day Outage
Transcorp Hilton Abuja clarifies one-day water disruption due to FCT Water Board maintenance, says service fully restored since April 15, dismissing prolonged shortage claims.
Category : Business
Alfred Temile Named Businessman of the Year by Vanguard
Alfred Temile, CEO of Temile Development Company, has been named Businessman of the Year by Vanguard Newspaper for his contributions to Nigeria's gas shipping and energy logistics sector.
CBN Proposes ₦1,500 ATM Card Fee, 50% Increase
The Central Bank of Nigeria proposes raising ATM card issuance and replacement fees to ₦1,500, a 50% increase from ₦1,000, effective May 1, 2026, aiming to modernize the financial system.
Dangote Refinery Supplies 95% of Nigeria's Aviation Fuel
Airlines Operators of Nigeria says Dangote Refinery provides over 95% of Jet A1 fuel, but price surges of up to 300% due to market manipulation threaten operations.
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IMF Reveals Africa’s Most Debt-Exposed Nations in 2026
Nigeria is absent from the IMF's 2026 list of Africa's top ten debt-exposed nations, while Egypt, Kenya, and Ghana lead with billions in outstanding obligations.
CBN Raises ATM Card Fee to N1,500, Ends Monthly Charges
The Central Bank of Nigeria increases ATM card issuance fee to N1,500, abolishes N50 monthly maintenance, and introduces free virtual cards to boost digital banking.
Poju Oyemade Unveils N150 Million Grant for Nigerian Startups
Poju Oyemade announces a N150 million grant for Nigerian startups and SMEs, launching May 1 at The Platform to bridge funding gaps and support MSMEs amid economic challenges.
United Capital Group Reports N28.15b PAT in 2025
United Capital Group reports N28.15 billion PAT in 2025, a 17% increase, with revenue up 35% to N58.55 billion. A final dividend of N0.70 per share declared.
Providus Bank SME Programme Cohort 6 Now Open for Applications
Providus Bank launches Cohort 6 of its SME development programme, empowering Nigerian entrepreneurs with strategies for growth, operational efficiency, and networking opportunities.
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NCC Orders MTN, Airtel to Compensate Nigerians for Poor Service
The NCC has directed telecom operators to compensate subscribers with airtime credits for poor network quality, following verified service failures between November 2025 and January 2026.
Oladipupo Clement Hosts Global Wealth Summit 2026
Oladipupo Clement hosts the Global Wealth Creation Summit 2026, a virtual event on May 2, 2026, offering wealth-building strategies for volatile economies.
Naira Weakens to N1,353/$ at Official Market
The naira depreciated to N1,353.91/$1 at the official market amid falling forex turnover. CBN releases new exchange rates for major currencies.
State Govts Urge Stronger Agricultural Insurance, Leadway Pays N396m
Commissioners from Borno, Plateau, Taraba, Kaduna call for enhanced agricultural insurance. Leadway Assurance disburses N396.7m to smallholder farmers for climate-related losses.
AI Key to Tackling Fraud, Expanding Credit Access
Fintech expert Babatunde Esanju urges Nigerian fintech builders to prioritize AI for fraud prevention and credit expansion, warning current systems fail against evolving threats.
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Stock Market Investors Share N2.09trn, Bullish Run Extends
Nigerian stock market extends bullish run, investors gain N2.09 trillion in one day. Unilever Nigeria, UAC, Dangote Sugar lead rally. Access Holdings tops volume, MTN leads value.
Logistics gaps shape Nigeria's economic future: Ofor
Darlington Ofor highlights how logistics and infrastructure deficits hinder Nigeria's economic diversification and growth, urging stronger public-private collaboration.
Ohanaeze Youths Hail Mbah on Enugu Airport Certification
Ohanaeze Ndigbo Youth Council Worldwide praises Governor Peter Mbah for securing the first international certification for Akanu Ibiam International Airport, Enugu.
Logistics, infrastructure gaps shape Nigeria economic future
Darlington Nnabugo Ofor highlights logistics as a critical pillar for Nigeria's economic growth, citing infrastructure gaps and supply chain inefficiencies that constrain productivity across industries.
FG, Oil Marketers in Talks Over Jet A1 Price Hike
The Federal Government has started talks with oil marketers and airlines over rising Jet A1 costs, as carriers threaten to suspend operations or hike fares within days.
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Nigeria, Malaysia Customs Lack Legal Framework for Trade
Nigeria and Malaysia customs acknowledge absence of formal legal framework for bilateral cooperation despite growing trade, aiming for WCO Mutual Recognition Agreement.
Dangote Offers to Build East Africa Mega Refinery
East African nations plan a joint refinery in Tanga to process regional crude and cut imports. Aliko Dangote signals readiness to lead investment, aiming for completion in 4-5 years.
MTN to Credit Airtime for Network Disruptions Following NCC Directive
MTN Nigeria will compensate affected subscribers with airtime for network disruptions in November, December, and January, following an NCC directive.
CBN Caps Transfer and ATM Fees in New 2026 Banking Guidelines
The Central Bank of Nigeria releases draft guidelines capping transfer and ATM fees, enhancing transparency and promoting digital payments.
Soueast Enters Nigeria, Plans Local Assembly by August
Soueast launches in Nigeria via Kewalram Chanrai Group, unveiling four SUV models. Local assembly of S06 and S07 begins August, backed by five-year warranty.
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SOMEA to Honor Hidden Giants of Solid Minerals Sector
The Solid Minerals Excellence Awards (SOMEA) will take place on May 14, 2026 in Abuja, honoring key players in Nigeria's solid minerals sector, with Minister Dele Alake endorsing the event.
Mini-grid models achieve 95% connectivity boost
REA MD Abba Aliyu says interconnected mini-grids increase customer connections by over 95% and boost productive energy use, emphasizing collaboration for sustainable electrification.
Bird Strikes: A Financial Drain for Nigerian Airlines
Rising bird strike incidents at Nigerian airports cost airlines billions annually, causing operational disruptions and safety concerns. Experts call for better data and wildlife management.
Oyedele warns against abrupt policy reversal
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
Dangote supplies 95% of Nigeria's Jet A1, exports 1.1bn litres
AON says Dangote Refinery supplies over 95% of Nigeria's Jet A1 and exported 1.1 billion litres to Europe, as Africa faces fuel shortfall.
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FG rallies PPPs for trillion-dollar economy goal
Vice President Kashim Shettima calls for aggressive public-private partnerships to unlock national assets and attract global capital for Nigeria's economic development.
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