Air Peace Chairman Warns Airlines Face Collapse in 30 Days
Air Peace chairman Allen Onyema warns Nigerian airlines may shut down within 30 days without urgent government intervention, citing high operating costs and financial pressures.
Category : Business
Cheap imports undercutting oil palm business for Okomu, Presco
Cheap imports are undercutting Nigeria's oil palm business, hurting Okomu Oil and Presco, as local producers struggle against foreign competition.
NNPC Listing: Tinubu Plans NGX Share Sale
President Tinubu signals NNPC share sale on NGX, as part of reforms to boost transparency and attract investment.
Slovenia Launches Job Website for Foreigners to Work and Earn Euros
Slovenia launches a new website for foreigners to find jobs and earn euros. Work permits are required before starting work in the country.
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Court Fines Dana Air N5.5m for 2018 Flight Delay
A Nigerian court has ordered Dana Air to pay N5.5 million in damages for delaying a lawyer's flight in 2018, citing breach of contract and passenger rights.
NLNG: Cooking Gas Prices Inflated from N800 to N2,400
NLNG reveals major LPG offtakers bought cooking gas at N800-N900/kg and sold for up to N2,400/kg during scarcity, blaming terminal hoarding.
NNPC Cuts Petrol Price Again in Lagos, Abuja Within 5 Days
NNPC reduces petrol prices in Lagos and Abuja for the second time in five days, with Lagos at N1,255 and Abuja at N1,299 per litre, following Dangote's N50 cut.
Luxembourg Launches Job Portal for Foreigners to Relocate
Luxembourg's government launched workinluxembourg.com, a portal for foreigners to find jobs and relocate. It joins Denmark, UK, and Sweden in attracting skilled workers.
Dangote Petrol N1,166/Litre Cheapest Depot Price
Dangote Refinery and Pinnacle sell petrol at N1,166 per litre, the lowest depot price, while prices range up to N1,182 per litre across depots.
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Kano Mass Wedding: ₦300m Approved, Each Bride Gets ₦200,000
Kano State Governor Abba Yusuf has approved ₦300 million for the Hisbah Mass Wedding Scheme, with each bride receiving ₦200,000 to cover dowry and start-up costs.
Dangote Refinery Leads Europe Jet Fuel Second Month
Dangote Refinery remains Europe's top jet fuel supplier for a second consecutive month, boosting Nigeria's export revenue and global energy standing.
Dangote Refinery Top Jet Fuel Supplier to Europe Again
Dangote Refinery remains Europe's top jet fuel supplier for the second consecutive month, exporting 2.5 million barrels in July, according to analysts.
Tinubu, NGX Group Push Capital Market Agenda for $1tn
President Tinubu and NGX Group strategize to leverage capital market reforms, targeting a $1 trillion economy, with new initiatives to boost liquidity and investor confidence.
Poland Launches Job Portal with 40,000+ Vacancies
Poland unveiled an official government job portal listing over 40,000 vacancies for foreigners, offering a formal route to relocation and employment.
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Iran War Boosts Oil Firms' H1 Revenue to N7.05tn
Three major Nigerian oil companies earned N7.05 trillion in H1 2026 as crude prices rallied amid the Iran war, according to Nairametrics.
BOI Opens N250bn Bond Offer at 17.5% Yield to Fund Businesses
The Bank of Industry (BOI) has opened its N250bn Series 1 Fixed Rate Bond, offering a yield of up to 17.50% to fund key sectors. The five-year bond, rated AAA, is tax-exempt and open to institutional investors with a minimum investment of N5m.
China launches official job portal for foreign nationals
China launches an official government job website to connect foreign nationals with vacancies across the country, including Beijing.
Mutual Benefits Shareholders Approve N802.5m Dividend
Shareholders of Mutual Benefits Assurance approved N802.5 million dividend for 2025, representing 55 kobo per share, and re-elected directors at the AGM.
Dangote Refinery Tops Europe Jet Fuel Supply Again
Dangote Refinery supplied over 400,000 tonnes of jet fuel to Europe in July, becoming the continent's largest supplier for the second month, surpassing the US.
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Hybrid Motors unveils $95m EV ecosystem plan for Nigeria
Hybrid Motors Nigeria commits $95m to build EV assembly plants in Lagos and Abuja, launch ACELY brand, charging networks, and train 10,000 youths.
US Launches Online Portal for Visa Status Tracking
The US government launched an online portal for foreigners to track visa application statuses. Learn the steps, required details, and what applicants need to access the portal.
Dangote Cuts Petrol Price by N50, Marketers Yet to Adjust
Dangote Refinery slashed petrol ex-depot price to N1,165/L, but Lagos stations still sell at N1,240-N1,260, prompting calls for regulatory action.
8 Canadian Firms Hiring Nigerians via Innovation Stream
Canada has named eight companies eligible to hire Nigerians and other foreign workers under the Innovation Stream, an LMIA-exempt work permit pathway extended until March 22, 2028.
OnlyFans Model Builds School in Philippines
OnlyFans model Maeurn Smiles uses platform earnings to build a school and learning centre in Cebu, Philippines, fulfilling her dream of becoming a teacher.
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Oil firms remit $6.7bn, N1.5tn to NDDC in 4 years
Oil and gas companies remitted $6.755bn and N1.529tn to NDDC from 2021-2025, but still owe $290m and N163bn, Senate hearing told.
Naira Holds at N1367/$ as CBN Intervenes
The naira remained stable at N1367/$ in the official market on Friday, as the CBN's sustained dollar injections and policy measures continue to curb volatility, according to FMDQ data.
Europe Tightens Passport Rules for Nigerians as Spending Soars
Nigerians spend millions on EU passports as Schengen visa rejections rise. New rules demand biometrics and stricter checks, driving demand for alternative routes.
Dangote Diesel Undercut by Lagos Depots in 24 Hours
Lagos depot owners sell diesel below Dangote Refinery's new rate of ₦1,570 per litre, sparking price war. Petrol prices stay slightly higher.
Nigeria, Canada Approve 14 Weekly Passenger Flights
Nigeria and Canada signed a new air services agreement allowing 14 weekly passenger flights, boosting connectivity and trade between both nations.
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CBN Releases 10 Conditions for Owning a Microfinance Bank
CBN outlines 10 requirements for establishing a microfinance bank in Nigeria, including minimum capital from N20m to N2bn, source of funds, and licensing fees.
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