Air Peace Blames Fuel Shortage for Flight Delays, Baggage Limits
Air Peace attributes flight delays and baggage restrictions to Nigeria's aviation fuel shortage, driven by global supply chain issues and rising jet fuel prices in Africa.
Category : Business
Foreign Bank Inflows Surge 93% in Nigeria, Led by Standard Chartered
Foreign capital inflows into Nigeria's banking sector surged by 93.25% to $13.53 billion in 2025, with Standard Chartered Bank Nigeria Limited and Stanbic IBTC Bank Plc leading the charge.
March 31 Tax Deadline: Guide to Filing Personal Income Returns in Nigeria
Nigerians face a March 31 deadline to file personal income tax returns under the new Tax Act 2025. The law introduces rent relief, removes the Consolidated Relief Allowance, and mandates filing even with PAYE deductions. Failure to comply risks penalties.
NADDC Targets Autosport to Boost Economy, Unlock Jobs
The National Automotive Design and Development Council (NADDC) is focusing on Nigeria's autosport sector to drive industrialisation, innovation, and youth development, with plans to formalise the industry and create jobs.
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Nigerian Youth's Tax Filing Frustration: Portal Issues Before Deadline
A Nigerian woman shares her struggles with filing income tax returns, citing technical glitches, confusing forms, and lack of support as the March 31 deadline approaches, urging authorities to simplify the process for young professionals.
Jonathan: Vested Interests Stalled NNSL Collapse Probe
Former President Goodluck Jonathan has revealed that vested interests stalled investigations into the collapse of the Nigerian National Shipping Line, warning that Nigeria risks repeating past mistakes without proper scrutiny.
FG Sets Q2 2026 Start for Apapa, Tin Can Ports Upgrade
The federal government has confirmed that the upgrade of Apapa and Tin Can Island ports will begin in Q2 2026, backed by a £746 million UK export finance deal.
Sanwo-Olu Breaks Ground for Oyster Towers in Eko Atlantic
Lagos State Governor Babajide Sanwo-Olu led the groundbreaking for Oyster Towers, a luxury 22-floor residential project in Eko Atlantic City, developed by Veritasi Homes and COOPLAG.
Top 10 Nigerian States With Highest FAAC Allocation in 2026
Nigeria's FAAC disbursed N703.26 billion to states in January 2026, with Lagos receiving the highest allocation. The top 10 states accounted for 44.76% of total funds, highlighting significant concentration.
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Man Saves N3M with 1kVA Solar Inverter, Urges Nigerians to Invest
A Nigerian man who purchased a 1kVA solar inverter for N700,000 in 2023 reveals he has saved nearly N3 million on fuel costs. He advises others to invest in solar power for reliable electricity.
GenCos Accuse DisCos of Rejecting Power, Worsening Nigeria's Crisis
Nigeria's electricity crisis escalates as generation companies allege distribution firms are intentionally rejecting available power, while DisCos blame transmission issues and operational constraints for the blackouts.
Nigerian Manufacturers Hit by Energy, Shipping Cost Surge
Nigeria's manufacturing sector faces severe pressure as diesel prices surge 65% and Middle East tensions disrupt shipping, raising production costs and threatening economic growth targets.
CBN Commits to Clean Currency Supply for Economic Growth
The Central Bank of Nigeria reaffirms its commitment to providing clean currency notes and implementing monetary reforms to stabilize the economy, as highlighted at the Enugu Trade Fair.
OPay Launches New Office in Jos to Boost Financial Services
OPay has officially opened a new office in Jos, Plateau State, reinforcing its commitment to financial inclusion and customer-centric services across Nigeria.
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CBN Reaffirms Adekilekun as LivingTrust Mortgage Bank Chairman
The Central Bank of Nigeria has officially reaffirmed Dr. Kamaldeen Adekilekun as the substantive Chairman of LivingTrust Mortgage Bank Plc, ending recent leadership uncertainty and upholding regulatory governance standards.
Lady Installs Solar Panels and Starlink to End Power Outages
A young Nigerian woman has taken control of her power and network issues by installing six solar panels and purchasing Elon Musk's Starlink, spending a total of 2.7 million naira to achieve self-sufficiency.
Best Ways to Send Money to Africa from US in 2026
Discover the leading remittance platforms like Zobo, Sendwave, and LemFi for seamless money transfers from the US to Africa, focusing on zero fees and competitive rates.
Enviable Transport Expands CNG Tricycle Initiative Nationwide
Enviable Transport announces a nationwide expansion of its CNG-powered tricycle initiative, promising reduced fuel costs, lower emissions, and improved efficiency for drivers and fleet operators across Nigeria.
Isaac Fayose: My Wealth Can't Save My Wife from Cancer
Businessman Isaac Fayose, brother of former Ekiti governor, reveals his wife's cancer battle in Australia, saying his wealth couldn't save her while questioning politicians' exploitation of the masses.
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Nigeria's Crude Exports Reach N47.43 Trillion in 2025
The National Bureau of Statistics reveals Nigeria exported N47.43 trillion worth of crude oil in 2025, with Spain leading as the top buyer among European and Asian nations.
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NCC Orders Telecoms to Pay Subscribers for Poor Network
The Nigerian Communications Commission has directed mobile network operators to provide airtime credits to subscribers experiencing poor network quality, emphasizing consumer rights and accountability.
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Nigeria's Power Crisis: FG Pays Just 4% of Subsidy Budget
Nigeria's electricity crisis worsens as the Federal Government releases only ₦76.9 billion of its ₦958 billion subsidy budget, leaving a ₦1.85 trillion gap that threatens nationwide power supply stability.
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US Cuts Nigerian Oil Imports by 47% in Energy Crisis
Nigeria's crude oil exports to the United States plummeted by nearly 47% in January 2026 as global energy emergencies reshape trade dynamics, with Angola and Ghana gaining market share.
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Egypt's 9PM Business Curfew Due to Energy Crisis
Egypt has mandated shops, restaurants, and entertainment venues to close by 9PM for one month as emergency energy-saving measures. The country's petrol bill soared to $2.5 billion in March alone due to the Iran war blockade of the Strait of Hormuz.
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Nigeria's Personal Income Tax Deadline: Penalties and Filing Guide
With the March 31 deadline approaching, Nigerians face confusion over Personal Income Tax filing requirements. Learn about penalties reaching N100,000, required documents, and how to file through state portals to avoid fines and audits.
Expert Urges End to Multiple Taxation in Rivers State
My-ACE China advocates for a one-stop-tax centre in Rivers State to eliminate fraudulent collectors and boost business investments through a harmonized system.
Banking Sector Draws $13.53B Foreign Capital in 2025
Foreign capital inflows into Nigeria's banking sector surged to $13.53 billion in 2025, a 93.25% increase from 2024, driven by recapitalization efforts ahead of CBN deadlines.
Traditional Rulers Laud PINL's Community Engagement for Security
Pipeline Infrastructure Nigeria Limited (PINL) calls for stronger collaboration with host communities to enhance oil and gas pipeline security in the Niger Delta, with traditional rulers praising the firm's engagement model.
NCC Orders Telcos to Pay Subscribers for Bad Network Service
The Nigerian Communications Commission directs mobile operators to provide airtime compensation to subscribers experiencing substandard network quality, as part of enhanced consumer protection measures.
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US Cuts Nigerian Oil Imports by 50% in Early 2026
New data reveals the United States reduced crude oil imports from Nigeria by 47.16% in January 2026, with Angola and Ghana gaining market share, while the US trade surplus with Nigeria widened significantly.
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