Govt Service Fees Surge: Nigerians Priced Out of Basic Rights
Under the Tinubu administration, Nigerians face steep hikes in fees for passports, licenses, and cargo, with experts warning of unsustainable governance and exclusion of the poor.
Category : Business
Nigeria's Economic Reforms Require Structural Changes
President Tinubu's economic reforms have boosted revenues, but structural issues in public financial management cause leakages. Experts propose three key changes to enhance accountability and service delivery in Nigeria.
Nigeria Calls for Fair Hydrogen Economy at UN Conference
Nigeria has called on the United Nations to promote an equitable hydrogen economy, warning against past inequalities in energy systems. Minister Abubakar Bagudu emphasized inclusivity at a UNIDO conference in Vienna.
Oil Industry Insists on 3mbpd Goal, Seeks Lower Costs
Nigeria's oil sector leaders commit to 3 million barrels per day production but stress reducing high costs via technology and efficiency at SPE forum.
ExxonMobil Considers $24b Nigeria Deepwater Investment
ExxonMobil signals potential $24 billion investment in Nigeria's deepwater oil, focusing on Bosi field development with new FPSO unit and pipelines, marking 20 years of Erha project.
Zulum Unveils 20 Electric Buses for Borno Commuters
Borno State Governor Babagana Zulum has inaugurated 20 electric luxury buses in Maiduguri to combat rising transport costs, part of a green energy initiative supported by President Tinubu.
ECOWAS Cheaper Airfares Plan Faces Turbulence
West African governments agreed to cut aviation charges by 25% in 2024, but three months after the 2026 deadline, compliance is lacking. High taxes keep airfares among the world's highest, hindering regional integration and economic growth.
World Bank Urges Nigeria to Reinstate Petrol Import Licences
The World Bank has warned Nigeria that without urgent action to reopen the petrol import market and ease trade restrictions, the country faces a renewed surge in inflation due to tightening supply and rising global oil prices.
UBA Graduates 720 Young Professionals, Stresses Discipline
United Bank for Africa has graduated 720 young professionals under its Graduate Management Accelerated Programme, with Chairman Tony Elumelu urging them to embrace hard work, discipline, and resilience as they enter the workforce.
TUC Demands Fuel Price Cut, Warns of N2,000 Per Litre
The Trade Union Congress urges the Federal Government to slash pump prices, using excess crude revenue to subsidize refineries, as Middle East conflict drives costs to N1,500.
Manufacturers Decry Poor Cross-Border Trade in Africa
The Pan-African Manufacturers Association expresses deep concern over costly barriers hindering cross-border trade in Africa, despite the African Continental Free Trade Area agreement.
Nigeria Targets $3tr Blue Economy with Investment, Reforms
Nigeria intensifies efforts to harness its blue economy potential, targeting over $3 trillion annually. Industry leaders call for investment and reforms to address structural bottlenecks in maritime logistics and connectivity.
FBRA Recovers 2.2 Tonnes of Recyclables in Ajegunle
The Food and Beverage Recycling Alliance recovered over 2.2 tonnes of recyclable materials in Ajegunle, Lagos, during Global Recycling Day activities, engaging over 500 participants.
FG Inspects Abeokuta Power Substation to Boost Electricity
The Federal Government has inspected the new Abeokuta power substation in Ogun State, a key Presidential Power Initiative project expected to add 480MW capacity and enhance electricity supply nationwide by end of 2026.
Elumelu Promises Outsourced Staff Conversions at UBA Graduation
Tony Elumelu, Chairman of United Bank for Africa, pledges to expand conversion of outsourced staff to full-time roles as UBA graduates 720 trainees from its Graduate Management Accelerated Programme.
COCEFAAA Unveils Plan to Boost Cocoa and Coffee Production
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has introduced a three-year development plan aimed at increasing Africa's share in the global cocoa and coffee markets. The initiative focuses on value addition, sustainable farming, a
Wema Bank Records N221.8 Billion Profit in 2025
Wema Bank Plc has announced a 116% increase in profit before tax to N221.85 billion for the 2025 financial year, with gross earnings rising to N660.6 billion. The bank attributes this growth to improved interest income and digital banking revenues.
BOI Honors Businesses and BDSPs for Prompt Loan Repayment
The Bank of Industry recognized 10 top-performing Business Development Service Providers and inducted nine SMEs into its Hall of Fame for excellent loan repayment and business practices at a Lagos event.
IITA Launches Africa's First Soybean Speed Breeding in Zambia
The International Institute of Tropical Agriculture has inaugurated Africa's pioneering soybean speed breeding facility in Zambia, aiming to slash crop development time and boost food security across the region.
FG Launches Gas-to-Power Committee to Tackle Electricity Shortages
The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address gas supply issues crippling electricity generation, alongside a committee to review a $200 billion integrated infrastructure project.
South-West Commissioners Push for Coordinated Urban Planning
Commissioners from six South-West states call for a unified approach to tackle urban and infrastructure challenges, aiming to enhance development and resilience for over 52 million residents.
Insurance Sector Grows as AXA Mansard Revenue Hits N160.6bn
Nigeria's insurance industry shows resilience with AXA Mansard reporting 22% revenue growth to N160.56 billion for 2025, though profits declined due to foreign exchange volatility and regulatory changes.
Transcorp Hilton Denies Cancelling Political Rally Booking
Transcorp Hilton Abuja has refuted social media reports claiming it cancelled a booking for a political rally, stating no such reservation was ever made and urging the public to disregard the false information.
Afreximbank Assets Rise 21% to $48.5 Billion in 2025
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by growth in loans, stable portfolio quality, and robust liquidity, highlighting financial resilience and strategic execution.
Nigerian Lady Quits Job, Starts Business, Video Viral on TikTok
A Nigerian woman has captured online attention after leaving her job to start a business with her savings. Her inspiring journey, shared in a viral TikTok video, highlights entrepreneurship and financial independence among youths.
CBN Denies Fake ₦5000 Note with Tinubu's Image
The Central Bank of Nigeria has dismissed claims of a new ₦5000 banknote with President Bola Tinubu's image as fake news, sparking mixed reactions from Nigerians on social media.
Nigerian Creator Switches to Solar Due to High Fuel Prices
A Nigerian content creator in Benin City has abandoned her generator for a solar system, citing fuel expenses of N7,000 every two days. She invested under N600,000 in the setup, sparking online discussions about sustainable energy alternatives.
POS Vendor Shares Solar Installation Process in Viral Video
A Nigerian POS business owner has captured widespread attention online by documenting the complete installation process of her new solar power system in a detailed TikTok video, sparking mixed reactions from viewers about the investment.
Does It Snow in Nigeria? The Definitive Answer
Nigeria has never recorded snowfall due to its tropical climate and geographical location. This article explores why snow is impossible, Nigeria's temperature ranges, and climate realities.
West Africa Fuel Prices 2026: Niger and Nigeria Cheapest
A comprehensive analysis of petrol prices across 13 West African nations in April 2026 reveals dramatic disparities, with Sierra Leone recording the highest costs while Niger and Nigeria maintain the lowest rates, significantly impacting regional economie
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