West African Ministers Strengthen Gas Pipeline Strategy
Energy ministers from West Africa reaffirm commitment to the West African Gas Pipeline, aiming to boost capacity and regional integration after a key meeting in Abuja.
Category : Business
FG Bans Cement, Fertiliser Imports in New Trade Policy
The Nigerian government has updated its import prohibition list, banning cement, fertiliser, and 15 other items from non-ECOWAS countries effective April 1, 2026, while the World Bank urges reconsideration to boost customs revenue.
MTN Hits N825.70 High as Stock Market Extends 9-Day Rally
The Nigerian stock market maintained its bullish momentum for the ninth consecutive session, with MTN Nigeria reaching a new high of N825.70. Market capitalisation surged by N3.39 trillion as 44 stocks gained against 27 decliners.
FG Hands Over 200 Housing Units to Kwara Government (19.04.2026)
The Federal Government has officially transferred 200 semi-detached housing units to Kwara State under the National Housing Programme, following full payment by the state, marking a key step in affordable housing initiatives.
Navy Dismantles N600m Illegal Oil Refining Sites in 3 States
The Nigerian Navy has dismantled illegal refining and crude oil storage facilities worth over N600 million in Rivers, Bayelsa, and Delta states, seizing large quantities of stolen crude and illegally refined products.
Petrol Prices Crash in Nigeria After Global Oil Drop
Nigerians can expect significant petrol price reductions as global crude oil prices plummet 11% following the reopening of the Strait of Hormuz. Experts project prices could fall below N1,000 per litre in coming weeks.
Olam Agri Launches Mama's Pride Soya Oil in Nigeria
Olam Agri introduces Mama's Pride Soya Oil, a cholesterol-free, heart-healthy cooking oil fortified with vitamins, aimed at enhancing Nigeria's edible oil market with locally sourced and processed products.
Single Window Launch Disrupts Ports, Stakeholders Lament
The National Single Window rollout at Nigerian seaports faces integration glitches, causing cargo delays and rising costs. Stakeholders call for suspension and phased implementation to prevent economic harm.
NIPCO Commissions CNG Stations in Asaba and Warri
NIPCO Gas Limited has commissioned two Compressed Natural Gas stations in Delta State, with state officials highlighting benefits for transport costs and energy security.
NIVEA N3b Giveaway Ends, Millionaire Winners Await Reveal
NIVEA's N3 billion consumer promotion has reached its final stage, with grand prize winners, including SUV recipients and Spain trip winners, to be unveiled after rewarding over 700,000 Nigerians nationwide.
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Airlines Suspend Shutdown After Keyamo's Intervention
Nigerian domestic airlines have temporarily suspended plans to halt operations following Aviation Minister Festus Keyamo's intervention over soaring Jet A1 fuel costs. An emergency meeting is scheduled for April 22 to find solutions.
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Nigeria's Debt Hits ₦159 Trillion: 1999-2026 Timeline
Nigeria's public debt has surged to ₦159.27 trillion, equating to roughly ₦724,000 per citizen. This article examines the debt trajectory from 1999 to 2026, analyzing contributions from successive administrations and the economic implications for Nigerian
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Union Bank's Alpher Bridges Nigeria's Banking Gap for Informal Sector
Union Bank of Nigeria is pioneering financial inclusion through its Alpher initiative, targeting Nigeria's vast informal economy with tailored products, disbursing over ₦150 million in cash flow loans and reaching previously unbanked entrepreneurs.
NSC Pushes Stakeholder Engagement for Port Efficiency
The Nigerian Shippers' Council emphasizes collaboration with port operators like CMA CGM and APMT to enhance efficiency, support a $1 trillion economy, and expedite power sector equipment clearance.
Man Reviews 1kVA Solar Generator, Shares Cost After 1 Month
A Nigerian man shares his detailed experience using a 1kVA solar generator for one month, revealing the total cost and how it powers his household appliances 24/7.
Nigeria's Off-Grid Energy Firms Get $83M IFC Funding
Nigerian renewable energy companies have secured $83 million in financing backed by the International Finance Corporation under the DARES program, marking a major shift from pilot projects to large-scale deployment of decentralized power solutions across
Stakeholders Back New AKOKOCCIMA Leadership in Ondo
Business leaders in Akoko, Ondo State, have called for collective support as AKOKOCCIMA transitions to new executives, emphasizing unity and economic growth.
Sachet Water Prices Surge in Kano Amid Rising Costs
Kano residents face higher sachet water prices, with bags now selling for N300-N350 up from N250, as producers cite diesel, raw material, and transportation costs. Household budgets are strained, with consumers cutting back on purchases.
Economist Demands Ajaokuta Privatization for $14bn Yearly
A development economist calls for urgent privatization of Nigeria's Ajaokuta Steel Company, arguing it could unlock $14 billion yearly revenue and create over 70,000 jobs.
Petrol Prices May Drop Below ₦1,000 After Strait Reopens
The reopening of the Strait of Hormuz following a Middle East ceasefire is expected to gradually ease petrol prices in Nigeria, potentially bringing them below ₦1,000 per litre, though immediate relief is unlikely.
Benue Assembly Lauds State Investment Firm's Progress
The Benue State House of Assembly praised the Benue Investment and Property Company for advancing industrialization, touring key projects and pledging legislative support for economic initiatives.
Lekki Housing Project Focuses on Compliance and Design
A new residential development in Lekki, Phoenix Apartments, emphasizes regulatory compliance and structured construction. The project introduces fractional ownership to broaden property investment access, with a two-bedroom apartment priced at N260 millio
NMDPRA Counters N3,300 Fuel Price Claim, Insists Stable Supply
The NMDPRA refutes reports of aviation fuel hitting N3,300 per litre, stating prices range from N1,960 to N2,800. It confirms a 74-day national stock, but airlines warn of operational risks amid rising costs, prompting government intervention.
Ezekiel Ainabe at 80: Legacy of Resilience and Service
Chief Dr. Ezekiel Aikohi Ainabe celebrates his 80th birthday, reflecting on a life of discipline, business success, and community impact. From humble beginnings in Edo State to leading Kohi Engineering, his journey inspires with lessons on hard work and s
Man's Home Changed After Solar Install and Month Away
A Nigerian man shares the surprising condition of his sitting room after installing solar power and traveling abroad for one month, sparking discussions on energy reliability and home maintenance.
Zubaida Aliyu: Women Must Create Structured Paths for Others
Sales specialist Zubaida Aliyu discusses driving growth at Zoho, overcoming barriers in male-dominated sectors, and the need for women to design structured career pathways to accelerate professional advancement in Nigeria's digital economy.
Nigerian Banks: Lead with Strategic Compliance for Growth
Nigerian banks must embed compliance into strategy to meet evolving regulations, reduce risks, and unlock business opportunities in a changing financial landscape.
Nigeria Rejects IMF Bailout, Backs Domestic Reforms
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
Airlines Shelve Flight Suspension After Government Appeal
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 Trains 15 Female Truck Drivers in Gombe
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.
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