Shift from Jamboree to Knowledge-Driven Conferences Urged
Lanre Oluseye advocates for conferences focused on mentorship and economic outcomes, criticizing current trends as mere networking events without measurable impact.
Category : Business
GenCo Supports N3.3tn Debt Plan for Power Stability
First Independent Power Limited has endorsed the Federal Government's N3.3tn power sector debt settlement, calling it crucial for restoring stability and confidence in Nigeria's electricity industry.
Delta Targets 24-Hour Power via Distribution Reforms
Delta State Governor Sheriff Oborevwori identifies distribution as Nigeria's key energy hurdle, enacts new Electricity Law and partners with consultants to achieve 24-hour electricity in Warri and Asaba by year-end.
Imported Petrol Cheaper Than Dangote Fuel: World Bank
The World Bank reveals imported petrol is 12% cheaper than Dangote's locally refined fuel, warning of inflation risks from global oil price hikes and domestic pricing distortions in Nigeria.
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First Ships Pass Through Strait of Hormuz After Ceasefire
Two commercial vessels have navigated the Strait of Hormuz after Iran reopened the critical waterway as part of a temporary two-week ceasefire with the United States, marking the first maritime movements following months of severe restrictions.
Strait of Hormuz: Key to Global Oil Markets Explained
The Strait of Hormuz remains a vital global oil route, with 20% of world supply passing daily. Rising Iran-US-Israel tensions threaten disruptions, as alternative routes have limited capacity compared to this strategic waterway.
Fuel Prices May Drop as NNPC Boosts Dangote Refinery Supply
Nigeria's NNPC has doubled crude oil deliveries to the Dangote Petroleum Refinery, potentially improving fuel availability. Industry experts say government intervention is needed for meaningful price reductions.
Kwara Fire: One Dead, One Injured from Fallen Wire
A 30-year-old man died and his brother was injured in Ilorin after a high-tension electricity wire snapped, sparking a fire. Residents had warned IBEDC about the faulty wire, but no action was taken, leading to the tragic incident.
FG Waives Demurrage on 10,000 Containers to Cut Prices
The Federal Government has waived demurrage charges on over 10,000 stranded containers at Nigerian ports, aiming to reduce import costs and potentially lower prices for food, vehicles, and other goods.
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Dangote Refinery Slashes Petrol Price to ₦1,200 After Oil Drop
Dangote Refinery has reduced Premium Motor Spirit price to ₦1,200 per litre, reversing recent hikes amid global crude oil price declines triggered by geopolitical developments involving Donald Trump and Iran.
CBN: Remittance Outflows Fall 36%, Inflows Rise to $600M Monthly
Central Bank of Nigeria data shows remittance outflows dropped by 36.09% in 2025 while inflows surged to approximately $600 million monthly, indicating improved forex position.
CBN New Payment Vision As E-Transactions Hit N1.07 Quadrillion
The Central Bank of Nigeria is set to unveil a new payment systems vision to guide the digital payments ecosystem, following a surge in electronic transactions to N1.07 quadrillion in 2024.
Nigerian Navy Seeks Partnerships for Indigenous Shipbuilding
The Nigerian Navy has expressed readiness to partner with organizations to enhance indigenous shipbuilding capacity and maritime security operations. Chief of Naval Staff Rear Admiral Idi Abbas emphasized technology transfer during a meeting with ASELSAN
Cement Prices Soar to N12,000 Per Bag Across Nigeria
Dangote Cement, BUA Cement, and other manufacturers have increased cement prices to N12,000 per bag nationwide, driven by rising energy and logistics costs, impacting construction projects and housing affordability.
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NNPC Doubles Crude Supply to Dangote Refinery
The Nigerian National Petroleum Company Limited has increased crude oil supply to Dangote Petroleum Refinery to 10 cargoes in March, though still below the 19 needed for optimal operations.
Dangote Refinery Slashes Petrol Price to ₦1,200/Litre
Dangote Refinery has reduced Premium Motor Spirit price by ₦75 to ₦1,200 per litre following a sharp decline in international crude oil prices. The move comes after geopolitical developments eased supply concerns.
Nigeria Regains FTSE Russell Frontier Market Status
FTSE Russell has reclassified Nigeria from 'Unclassified' to 'Frontier Market', effective September 2026, citing improvements in NGX infrastructure, transparency, and investor access.
Zenith Bank Acquires Paramount Bank Kenya After Regulatory Clearance
Zenith Bank Plc has finalized its acquisition of 100% of Paramount Bank Kenya Limited, marking its official entry into the East African market following regulatory approvals from both Nigeria and Kenya.
NCC Orders Telcos to Compensate Nigerians for Poor Service
The Nigerian Communications Commission has directed telecom operators to automatically compensate subscribers for poor network performance starting April 2026, with retroactive coverage from November 2025.
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Naira Declines Against Major Currencies in FX Markets
The Nigerian naira depreciated against the US dollar, British pound, and euro in both official and parallel markets following the Easter holiday break, with analysts citing limited forex liquidity.
World Bank Cautions Nigeria on Oil Windfall Spending
The World Bank has urged Nigeria's Federal Government to avoid extravagant expenditure as the country benefits from higher oil prices due to Middle East conflict, emphasizing prudent fiscal management.
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Only 10.5% of Nigerian Women in Paid Jobs: World Bank
A new World Bank report reveals severe gender disparity in Nigeria's workforce, with just 10.5% of women in paid employment compared to 17% of men, highlighting barriers to economic progress.
NNPCL Exports Cawthorne Crude as Oil Hits $115
The Nigerian National Petroleum Company Limited begins exporting its new Cawthorne crude grade to boost production and market competitiveness, while global oil prices soar due to geopolitical tensions involving Iran.
Check MTN Data Bonus Balance & Usage Guide 2026
Learn the easiest methods to monitor your MTN data bonus balance via USSD codes, SMS, and online platforms. This comprehensive guide explains how to use and convert your bonus data effectively in Nigeria.
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Nigeria's Business Confidence Weakens Amid Rising Costs
Nigeria's business confidence declined sharply in March 2026 due to rising input costs, weak investment, and structural challenges, with key sectors like agriculture and non-manufacturing contracting.
Dangote Accuses IOCs of Not Supplying Crude to Refinery
Dangote Refinery criticizes international oil companies for not selling crude directly, forcing imports from the US and Africa. Experts cite market dynamics and agreements as barriers.
CBN Tightens BVN Rules: 5 Changes Affecting Your Account
The Central Bank of Nigeria introduces new BVN guidelines effective May 1, 2026, to combat fraud and enhance security, including one-time phone number changes and transaction caps.
Afreximbank $10B Gulf Crisis Relief for Africa, Caribbean
Afreximbank approves a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict disruptions, offering support for essential imports and infrastructure.
Oyo, FCMB Give N1.5bn to Youth Farmers
Oyo State Government and First City Monument Bank have disbursed N1.5 billion in collateral-free loans to 1,000 young agripreneurs through the Easylift programme, aiming to boost food production and support youth-led businesses in agriculture.
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NCC Orders Telecoms to Pay for Poor Network from 2026
The Nigerian Communications Commission has directed major telecom operators like MTN and Airtel to automatically compensate subscribers for poor service quality, effective April 2026, under new consumer protection rules.
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