Korean DJ Shocked by Cows on Nigerian Expressway
Korean DJ Jin Seoul Music expresses surprise at seeing cows freely roaming on a Kaduna expressway, sharing videos of her unique Nigerian experience.
Category : Business
NRC Expands Easter Train Services, Announces Free Trips
The Nigerian Railway Corporation has expanded train services nationwide for Easter, adding extra trips on the Lagos-Ibadan corridor and offering free travel between Lagos and Osogbo.
CBN Ends Bank Recapitalisation, Starts Crypto Monitoring Pilot
The Central Bank of Nigeria has officially concluded its 24-month bank recapitalisation programme, with Nigerian banks raising ₦4.65 trillion. Simultaneously, the regulator has launched a pilot programme to monitor cryptocurrency transactions involving si
CBN Releases Savings Rates: Banks Cut Interest for Customers
The Central Bank of Nigeria has published new data showing a widespread reduction in savings deposit interest rates across Nigerian banks, with many now offering 7.95% annually, down from earlier rates, as the monetary policy rate adjustment influences re
FG Launches VehCAP to Tighten Vehicle Import Standards
The Federal Government has launched the SON-NADDC Vehicle Conformity Assessment Programme (VehCAP) to ensure only safe, compliant vehicles enter Nigeria, shifting from reactive to preventive regulation.
Petrol Price Drop Expected as Oil Falls, Markers Resume Sales
Nigerian fuel marketers are resuming sales as global crude oil prices drop below $100 per barrel, potentially leading to short-term petrol price reductions at the pump amid market uncertainty.
Zedcrest Appoints Luke Ofojebe as Chief Investment Officer
Zedcrest Group has named Luke Ofojebe, CFA, as its new Chief Investment Officer to enhance investment management and client advisory services, following his successful tenure at Zedcrest Wealth.
Fuel Price Surge Boosts Electric Vehicle Adoption in Nigeria
High fuel prices are accelerating electric vehicle adoption in Nigeria, with experts highlighting lower running costs and innovative financing as key factors reshaping transport choices for households and businesses.
Niger Delta Groups Clash Over Pipeline Surveillance Contracts
Niger Delta groups are in conflict over decentralizing pipeline surveillance contracts, with some demanding broader inclusion while others support existing contractors.
Coscharis Sets Strategic Direction to Deepen Value Delivery
Coscharis Group has reaffirmed its commitment to delivering consistent value to stakeholders following its annual board strategy retreat in Lagos. Directors reviewed performance and mapped priorities for the coming year, focusing on execution, governance,
SON Partners to Boost Food Safety and Industrial Standards
The Standards Organisation of Nigeria (SON) has partnered with the Welding Federation and Specialised Fabrication Equipment to promote orbital welding innovations, aiming to enhance manufacturing standards in food, beverage, and other sectors.
Tinubu Approves Second Runway for Abuja Airport
President Bola Tinubu has approved the construction of a second runway at Nnamdi Azikiwe International Airport, Abuja. Aviation Minister Festus Keyamo announced this at the Nigeria Aircraft Acquisition and Investment Summit in Lagos.
Expert Queries Minister's Powers Over Airport Service Concession
Aviation expert Chris Aligbe criticizes Minister Festus Keyamo's plan to concession airport access gate services, arguing it exceeds ministry authority and should be managed by FAAN under service agreements.
PenCom Removes Age Limits on Pension Plans for Early Savers
The National Pension Commission has abolished age restrictions on personal pension plans, allowing Nigerians from birth to start saving for retirement, aiming to boost financial inclusion and long-term capital formation.
FCMB Capital Tops FMDQ Table with N1.53tr Debt Market Deals
FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital through bond listings and commercial paper quotations on FMDQ Securities Exchange in 2025, securing the top spot on the exchange's Fixed Income Primary Markets Sponsors' League T
NIS to Transfer Ghanaian Stowaways to Embassy for Prosecution
The Nigeria Immigration Service will transfer three Ghanaian stowaways arrested by the Nigerian Navy to the Ghanaian Embassy following proper judicial procedures after they were found in a ship's rudder compartment.
Zedcrest Group Names Luke Ofojebe as New CIO
Zedcrest Group has appointed Luke Ofojebe as its Chief Investment Officer to enhance investment management capabilities and drive growth in financial solutions.
Governance Outlook Challenges Directors on ESG Integration
The Nigeria Corporate Governance Outlook 2026 calls for boards to enhance ESG integration, digital risk oversight, and succession planning to boost economic resilience and investor confidence.
Lagos Transporters Back Reintroduced Monthly Sanitation Exercise
Lagos transport union leaders have pledged full commitment to the reintroduced environmental sanitation exercise, agreeing to halt commercial vehicle operations from 6:30am to 8:30am on the last Saturday of each month.
CBN Regulates Virtual Assets, Banks Raise N4.65 Trillion Capital
The Central Bank of Nigeria has concluded its two-year bank recapitalization program, with institutions raising N4.65 trillion. Simultaneously, the CBN initiated a supervisory pilot for six virtual asset service providers to enhance financial oversight.
India Commits to Deepen Trade with Nigeria in Mining, Steel
Indian High Commissioner Abhishek Singh reaffirms commitment to boosting bilateral trade with Nigeria, focusing on mining and steel sectors during a visit to key industrial facilities in Kaduna and Niger States.
NCDMB Unveils Portal for Oil and Gas Business Efficiency
The Nigeria Content Development and Management Board has introduced a digital portal to enhance transparency and competitiveness in Nigeria's oil and gas industry by simplifying compliance processes.
Providus Bank Details Cricket Sponsorship Rationale
Providus Bank's Head of Strategy, Ernest Elue, explains the bank's sponsorship of the NCF Women's Invitational Cricket Tournament, citing alignment with values like resilience and team spirit, and noting the sport's growing popularity in Nigeria.
Bayelsa Power Plant Launch, Oyo Targets 300MW by 2027
Bayelsa State's 60MW gas-fired power plant is set for inauguration by President Tinubu, while Oyo State unveils a plan to boost electricity supply to 300MW by 2027 to drive economic growth.
Naira-for-Crude Policy Shields Nigeria from Fuel Shocks
The Presidency asserts that Nigeria's naira-for-crude policy is safeguarding the nation from severe fuel supply disruptions caused by the ongoing Middle East crisis, ensuring steady petroleum products and reducing forex pressures.
Energy Disruption Threatens Global GDP, Sparks Inflation Fears
Prolonged disruptions to key oil shipping routes like the Strait of Hormuz could slash global GDP growth by 0.5% in 2026, triggering inflation and tighter monetary policies, with Nigeria's economy facing mixed impacts from higher oil prices and import cos
Nigeria's Oil Reserves Stagnate, Gas to Last 85 Years
Nigeria's crude oil reserves remain at 37 billion barrels, unchanged for a decade, while gas reserves grow to 215 TCF, with a lifespan of 85 years based on current output.
Tinubu's Strategy to Shield Nigeria from Fuel Price Turbulence
As global oil prices surge due to Middle East tensions, Nigeria faces critical economic risks. Experts propose a dual-track pricing framework using domestic refineries like Dangote to stabilize fuel costs and insulate the economy from international market
Nigerian Accountants Earn Far Less Than London, Toronto Counterparts
A comprehensive analysis reveals Nigerian accountants earn ₦2.5 million annually on average, dramatically lower than London's $57,493 and Toronto's $93,542. The report examines salary ranges, qualifications, and cost of living across all three locations.
Expert Urges South-West Governors on Youth Unemployment
Development expert Femi Oshoniyi warns South-West governors that rising youth unemployment could fuel insecurity and economic decline, advocating tech and agriculture solutions.
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