Jimoh Ibrahim: No Reversal of Tinubu's Economic Reforms
Nigeria's UN Ambassador Jimoh Ibrahim states President Tinubu will not reverse economic reforms, citing short-term pains for long-term growth and linking global stability to Iran tensions.
Category : Business
Keyamo Urges Airlines to Avoid Shutdown Amid Fuel Crisis
Aviation Minister Festus Keyamo has appealed to domestic airlines to reconsider plans to suspend operations due to soaring Jet A1 fuel prices, warning that fare hikes or shutdowns could harm Nigeria's economy.
CBN Sets 18 Years Minimum Age for BVN, New Rules Start May 1
The Central Bank of Nigeria has announced that only individuals aged 18 and above can enrol for BVN from May 1, 2026, as part of tighter security measures.
Dangote Offers Dollar Dividends for Refinery IPO to Attract Investors
Aliko Dangote plans to list 10% of his refinery, offering US dollar-denominated dividends to attract investors amid currency pressures, as part of a $40bn expansion.
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NDIC Shuts Down 89 Banks in Nigeria - Full List
The Nigeria Deposit Insurance Corporation has concluded the permanent liquidation of 89 microfinance and primary mortgage banks. Customers must now deal with new institutions that have taken over operations.
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Airtel Suspends Borrowing Services as New Lending Rules Take Effect
Airtel Nigeria has suspended its airtime and data borrowing services following the implementation of new digital lending regulations by Nigerian authorities, affecting millions of prepaid subscribers nationwide.
Airlines Threaten Flight Suspension Over N3,300/Litre Fuel Price
Nigeria's aviation sector faces crisis as airlines threaten to suspend domestic flights over soaring Jet A1 fuel prices, while marketers dispute the N3,300 per litre figure claimed by operators.
Devtraco Group Taps Nigerian Interest in Ghana Real Estate
Devtraco Group hosted a private investor preview in Abuja, targeting Nigerian investors with prime Ghanaian real estate opportunities like Arlo Cantonments and Forte Residences.
Airtel Nigeria Suspends Airtime and Data Credit Services
Airtel Nigeria has temporarily suspended its airtime and data credit services for prepaid customers, citing alignment with new regulatory requirements. The company assures uninterrupted standard purchases.
Cross River Intensifies Bakassi Deep Seaport Project Drive
Cross River State intensifies efforts for the Bakassi Deep Seaport project, convening a high-level stakeholder forum to mobilize support and chart an implementation roadmap, aiming to transform the state into a major trade hub.
Top 10 Stocks Driving NGX Rally in April 2026
Nigeria's equities market extended its bullish run in April 2026, with banking, industrial, consumer goods, and energy stocks leading the charge. Discover the top performers and key drivers behind the NGX rally.
Airtel Nigeria Suspends Airtime, Data Borrowing Services
Airtel Nigeria has temporarily suspended its airtime and data credit services due to new digital lending regulations, following a similar move by MTN Nigeria. The services allowed prepaid subscribers to borrow and repay on their next recharge.
DIY Solar Installation Sparks Safety Concerns in Nigeria
A Nigerian woman's video of her self-installed solar panel system has gone viral, drawing attention to potential safety risks due to poor wiring and amateur setup.
Nigerians Lament FCCPC Ban on Airtime Borrowing
Nigerian telecom subscribers express frustration as the FCCPC suspends the *303# airtime borrowing service, citing regulatory non-compliance. The ban disrupts communication for low-income earners, sparking social media outcry and legal challenges.
Man Explains 6.2kW Solar System Cost and Night Use
A solar installer in Nigeria reveals the N2.9 million cost of a 6.2kW system, explaining how it powers a home day and night with a 5.12kWh battery.
Woman's Solar Nightmare: Home Damage Sparks Legal Threat
A US-based woman expresses hatred for solar power after a botched installation caused severe damage to her house, including cracks and leaks, with installers bankrupt.
Eko Hotels Legacy Summit to Groom Future African Hospitality Leaders
Eko Hotels & Suites launches its 50th anniversary Legacy Summit in Lagos, focusing on youth development and African-led solutions to transform the continent's hospitality and tourism industry.
Fuel Depot Owners Brace for Petrol Price Hike as Crude Nears $100
Nigerian fuel depot owners are preparing for imminent petrol price adjustments as global oil prices approach $100 per barrel due to Strait of Hormuz disruptions. Brent crude trading at $99.43 creates market anxiety.
Tenant's Solar Workaround After Landlord Blocks Roof Panels
A Nigerian woman shares her creative approach to installing solar electricity after her landlord prohibited panels on the roof, sparking viral reactions and discussions on tenant rights.
Adesuwa Ogiozee on Customer Blackmail and Contract Sabotage
Entrepreneur Adesuwa Renee Ogiozee reveals a wave of customer blackmail and contractual sabotage in the luxury auto industry, tracing it to past FBI wrongful profiling. She details a dispute with a client over refund demands and warns against digital expl
N29.84bn Pension Backlog Traps Workers' Funds
Nearly N30 billion in pension contributions remains uncredited to workers' RSAs due to employer errors and data issues, with Stanbic IBTC Pension Managers holding the largest share.
Stock Market Hits N136 Trillion, Investors Gain N1.664 Trillion
The Nigerian stock market capitalization surged to N136.436 trillion, delivering N1.664 trillion in gains to investors as large and mid-cap stocks led a broad-based rally.
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MTN Suspends Airtime/Data Borrowing Over FCCPC Rules
MTN Nigeria has temporarily halted its XtraTime and XtraByte services in compliance with new FCCPC lending regulations that classify airtime/data borrowing as loans, requiring licensing.
Keyamo Urges Airlines to Avoid Airfare Hikes, Flight Suspensions
Aviation Minister Festus Keyamo appeals to airlines to avoid airfare increases and flight suspensions amid a 300% surge in Jet A1 fuel prices, with a stakeholder meeting set for April 22, 2026.
New Trains Arrive for Lagos Red Line, Says Sanwo-Olu
Governor Babajide Sanwo-Olu has announced the arrival of 24 new train cars for the Lagos Red Line rail service, promising improved passenger capacity and reduced waiting times at stations.
Eight Killed in Helicopter Crash Over Borneo Plantations
A helicopter crash in West Kalimantan, Indonesia, has resulted in the deaths of eight people, including a Malaysian national, after the aircraft vanished from radar shortly after takeoff.
African Wealth Fuels Global Mobility Solutions Demand
High-net-worth individuals across Africa are increasingly adopting global mobility solutions like Citizenship-by-Investment and Residency-by-Investment to protect and expand wealth, marking a shift in financial strategies.
Naira Strengthens to ₦1,342/$ as FX Supply Improves
The Nigerian naira appreciated to ₦1,342.30 per dollar as foreign exchange supply outpaces demand, according to CBN data. External reserves dipped slightly to $48.70 billion while oil prices surged.
Cement Price Crisis: Protection Becomes Exploitation, Reforms Urgent
Nigeria's construction sector faces severe strain as cement prices surge up to 50% in months, driven by market concentration and limited competition. This crisis threatens housing affordability, infrastructure projects, and economic stability, demanding i
Tariff Waiver Raises Concerns for Nigeria's Auto Policy
Industry experts express alarm over the federal government's tariff waiver on electric vehicles and buses, warning it could undermine local assembly gains and destabilize Nigeria's automotive sector under the NAIDP.
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