Nigeria's government has firmly declined a new IMF bailout, emphasizing its reliance on homegrown economic strategies amid global uncertainties. Finance Minister Wale Edun and Ambassador Jimoh Ibrahim highlight reforms' resilience, while economists note c
Domestic airlines in Nigeria have temporarily suspended a planned nationwide shutdown over rising Jet A1 fuel costs, following an appeal from the Federal Government. A meeting with the Aviation Minister is set for next week to address the crisis.
Lafarge Africa Plc celebrates the graduation of 15 female truck drivers and five community drivers under its Women on Wheels initiative at the Ashaka Cement Plant in Gombe State, promoting diversity and road safety.
Dutum Company Limited MD Temitope Runsewe receives the African Business Titan of the Year award at the AfriHeritage Awards 2026, recognizing his leadership in infrastructure development and economic transformation across Africa.
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The Enterprise Development Center, SMEDAN, AGRA, and Kaduna Business School have launched a partnership to strengthen capacity among agricultural SMEs and Business Development Service Providers in Nigeria, offering grants and business support.
UBA's Graduate Management Accelerated Programme (GMAP) graduated 720 young professionals from across Africa, focusing on leadership and resilience to combat unemployment and skills mismatch.
An exploration of the financial pressures faced by individuals in their 40s, caught between caring for aging parents and supporting children, while advocating for open family money conversations.
Busha, a digital finance platform, empowered three female-led beauty businesses with N6 million in equity-free funding at the Beauty Hut Africa Women's Grant Initiative in Lagos, supporting growth in Nigeria's thriving beauty sector.
Turkish Airlines has implemented significant changes to its executive leadership, appointing Prof. Murat Şeker as Chairman of the Board and Ahmet Olmuştur as the new Chief Executive Officer.
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Nigeria once dominated Mexico's hibiscus imports, but a 2018 pest infestation halted trade. Despite a $100 million commitment to restart, compliance issues persist, leaving China to capture the market.
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Global oil prices plunged over 10% after Iran reopened the Strait of Hormuz, potentially lowering fuel import costs and easing inflation in Nigeria. Brent crude dropped to $88 per barrel, though uncertainty remains as US blockade persists.
A Nigerian woman who installed solar panels in her home has publicly lamented a surprising disadvantage she discovered, sparking discussion about renewable energy realities in the country.
The Financial Reporting Council of Nigeria and NESLAI caution that poor financial management in SMEs limits funding access and slows business expansion, urging improved literacy and accountability.
Engr. Lakunle Runsewe of Stretford Hill Limited emphasizes the shift from mere construction completion to performance-focused infrastructure, as seen in the New NRS Headquarters project in Abuja, commissioned by President Tinubu.
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Dr. Bola Mudasiru, Deputy Chairman of NIHTE, receives international acclaim at Russia's inaugural Transport and Logistics Forum for advancing Africa's role in global transport diplomacy.
The Nigerian Safety Investigation Bureau has introduced a new Conditions of Service framework following its redeployment to the Presidency, aiming to enhance independence and staff welfare.
The FCCPC has refuted claims of banning airtime and data borrowing services, attributing service disruptions to operator compliance decisions under new regulations.
The Federal Competition and Consumer Protection Commission clarifies it has not prohibited airtime borrowing or data advance services, addressing misinformation about telecom regulations.
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, marking a significant step in affordable housing initiatives and intergovernmental collaboration.
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The Central Bank of Nigeria, with FMDA, has launched the Nigerian Overnight Financing Rate (NOFR) as a new benchmark to enhance transparency, monetary policy, and market depth.
Global markets surged as Iran reopened the Strait of Hormuz, easing oil supply fears. Oil prices fell over 10%, while U.S. stocks reached new records amid investor optimism.
Finance Minister Wale Edun announces Nigeria has no plans to seek new IMF loans after fully repaying its $3.4 billion COVID-19 debt. The government will rely on domestic policy reforms despite rising oil prices and inflationary pressures.
New data reveals Nigeria's hotel industry is thriving, with Lagos dominating the rankings with 3,648 hotels, followed by Abuja and Ogun. Southern states lead the hospitality sector, highlighting regional economic and tourism trends.
The Federal Government has begun installing a 1-megawatt solar hybrid power system at Bayero University Kano to address electricity challenges. This follows a previous N5 billion solar project that was damaged by water.
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Oil prices fell sharply after Iran announced the Strait of Hormuz is open for commercial transit during the Lebanon ceasefire, with Brent crude dropping 9.5% and WTI sinking 9.6%.
A Nigerian man who invested N10 million in a salon for his wife shares how electricity costs consumed most profits, forcing him to install solar power to save the business.
Nigeria's aviation sector faces severe pressure as Jet A1 fuel prices surge 300%, prompting government appeals to airlines. With air travel becoming less affordable, road travel to neighboring West African countries emerges as a viable alternative for Nig
Dr. Kola Adesina, Group Managing Director of Sahara Power Group, has been appointed to the Mission 300 Private Sector Council, a high-level initiative by the World Bank, AfDB, and Rockefeller Foundation aiming to provide electricity access to 300 million
The Federal Government has slashed import duties on fully built vehicles from 70% to 40%, aiming to lower car prices and improve transportation access across Nigeria.
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Niger State authorities have arrested two foreign nationals for unauthorized mining activities at the Zuzungi site in Katcha LGA. Commissioner Mohammad Qasim Danjuma emphasized zero-tolerance for illegal mining during a regulatory inspection.
