Pilot Shortage: High Costs and Bonding Blamed
Aviation experts highlight rising pilot training expenses and strict bonding agreements as key drivers of contract breaches in Nigeria's airline industry, amid a global demand for 660,000 new pilots.
Category : Business
Renewable Mini-Grids Solve Power Issues in Northern Nigeria
Renewable mini-grids in Northern Nigeria are set to deliver over 2,000 MW within two years, reducing reliance on diesel generators and boosting economic growth through job creation and improved electricity access.
Oil Prices Surge Above $119, Nigeria Petrol Depot Prices Rise
Global oil prices have surged above $119 per barrel due to escalating Middle East tensions, pushing Nigeria's petrol depot prices higher and increasing economic pressure on consumers.
Nigerian Stock Market Closes Lower Ahead of Public Holiday
The Nigerian stock market extended its losing streak to two days on Wednesday, March 18, 2026, with the NGX All-Share Index dropping amid broad-based profit-taking across major sectors ahead of the Eid-el-Fitr break.
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Herders Get N181.9 Million Claims in Nigeria's Insurance Scheme
Livestock herders in Adamawa, Bauchi, and Plateau states have received N181.9 million in claims under the Index-Based Livestock Insurance scheme, highlighting the growth of agricultural insurance in Nigeria.
Insurers Urge NAICOM to Modify NIN-Policy Linkage Directive
Insurance firms and brokers have requested the National Insurance Commission to adjust the requirement linking policyholders' records to the NIN database, citing operational challenges with the April 30 deadline for compliance.
House Warns of Fuel Price Hike and Scarcity in Nigeria
The House of Representatives Committee on Petroleum Resources warns of a looming fuel price increase and scarcity due to supply chain issues, urging urgent action within 48 hours.
China's Economic Growth: A Lesson for Nigeria
Experts highlight China's disciplined planning and policy consistency as models for Nigeria, urging strategic repositioning in global trade and leveraging China's zero-tariff offer for African exports to boost growth.
NRC Rolls Out Special Sallah Train Services Across Nigeria
The Nigerian Railway Corporation has launched special train services on major corridors like Lagos-Ibadan and Abuja-Kaduna to accommodate increased passenger traffic during Eid-el-Fitr, with extra trips and free services for Osun indigenes.
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NAMA Installs Mobile Control Tower at Lagos Airport Post-Fire
The Nigerian Airspace Management Agency has successfully installed a fully operational mobile control tower at Murtala Muhammed International Airport, restoring air traffic services after a devastating fire destroyed the old terminal's facilities last mon
Group Calls for Direct Crude Supply to Nigeria's Refineries
The Nigeria Auto Journalists Association urges President Tinubu to ensure direct crude oil supply to domestic refineries like Dangote to combat rising petrol prices amid Middle East tensions.
Waste-Is-Naira Initiative Launched by Rite Foods in Lagos
Rite Foods Limited partners with RecyclePoints and LAWMA to launch the Waste-Is-Naira initiative, aiming to recycle over 750 tonnes of plastic waste annually and boost Nigeria's circular economy through community incentives.
NADDC Plans Nnewi Automotive Park to Reduce Imports
The National Automotive Design and Development Council announces a major Automotive Development Park in Nnewi, Anambra State, aimed at boosting local production, cutting imports, and creating jobs under the Nigeria First policy.
Enugu Govt Lauds Rapid Reactivation of 10,000-Hectare Agro Hub
Enugu State Government expresses satisfaction with the rapid progress at the 10,000-hectare Tribu Songhai Farms, now being transformed into an integrated agro-industrial hub under a public-private partnership model.
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Edo Communities Urge FG to Renew Tompolo's Pipeline Contract
Edo State's Host Communities Oil and Gas chapter calls for renewal of Tompolo's pipeline surveillance contract, citing increased oil production and reduced vandalism in the Niger Delta region.
FG Vows to End Gas and Electricity Crisis, Promises Reliable Power
Minister of Power Adebayo Adelabu assures Nigerians that decisive steps are being taken to address gas supply issues affecting electricity generation, linking national progress to collective sacrifice and Tinubu's reforms.
Oborevwori Backs Tax Ombud Office, Pledges Fiscal Reforms
Delta State Governor Sheriff Oborevwori endorses the new Tax Ombud Office, pledging alignment with federal tax reforms and plans to repeal the 2020 revenue law to eliminate multiple taxation and boost business ease.
Nigeria's Aviation Hall of Fame Set for Second Induction in Lagos
The Nigerian Aviation Hall of Fame will induct industry leaders in May, honoring their dedication and achievements in shaping the sector over the past 60 years.
Lagos Korope Ban on Lekki Expressway Divides Stakeholders
The Lagos State government's enforcement of a ban on Korope minibuses along the Lekki–Epe Expressway has ignited sharp divisions among stakeholders, with debates over safety, regulation, and the adequacy of alternative transport options.
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NEV Electric Motors Unveils NEV T3 Electric Van for Africa
NEV Electric Motors has launched the NEV T3, an electric mobility van engineered for African cities, as part of a broader push to transform urban transportation with sustainable solutions and charging infrastructure.
Carloha Nigeria Launches Electric Off-Road SUV iCAUR V23
Carloha Nigeria introduces the iCAUR V23, an electric off-road SUV by Chery, featuring advanced tech, high safety ratings, and dual powertrain options for eco-conscious adventurers.
NSIB's Presidency Move Key for Safety Transformation
President Tinubu's approval to relocate the Nigerian Safety Investigation Bureau from the Aviation Ministry to the presidency is hailed as a strategic move to enhance unbiased accident investigations across air, marine, rail, and road transport modes.
ICEHD Trains Rural Women on Climate-Smart Agro Practices
Over 100 rural women farmers in Lagos participated in a two-day workshop on climate-smart agriculture and agroecology, organized by ICEHD to enhance food production and resilience against climate change impacts.
FUNAAB, Agri-Tech Firm Partner to Drive Agricultural Innovation
The Federal University of Agriculture, Abeokuta (FUNAAB) has signed an MoU with agri-tech practitioners to enhance collaboration in agricultural innovation, research, and food security, focusing on modern technologies and community impact.
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FG Shuts 3 Ogun Factories Over Safety Infractions
The Federal Government has closed three factories in Ogijo, Ogun State, for safety violations including lack of hazard training and PPE, following persistent non-compliance with directives.
IMF Calls for Stronger Institutions Amid Slowing Growth, Debt Risks
The IMF warns that weak governance and rising debt in fragile states suppress growth and heighten global risks, urging urgent institutional reforms and economic policies.
Telcos Commit to Service Quality Despite Rising Energy Costs
Telecom operators in Nigeria, led by ALTON, pledge to absorb rising operational costs from fuel price hikes and global supply chain disruptions to ensure uninterrupted quality service for customers nationwide.
Smart Water Use May Create 245 Million Jobs in Africa: World Bank
A new World Bank report highlights that rebalancing water use in agriculture could sustainably feed 10 billion people by 2050 and create 245 million long-term jobs, primarily in Sub-Saharan Africa, through smarter water management and investment.
Cocoa Farmers Decry Pricing Models and Dire Impacts
Cocoa farmers across Africa criticize current pricing models for failing to protect them from market volatility, with COFAAA highlighting low incomes and sustainability issues.
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Rex Insurance, NiMet Unveil Weather Index Cover for Farmers
Rex Insurance Limited partners with the Nigerian Meteorological Agency to introduce weather-driven index insurance products, aiming to protect smallholder farmers from climate risks and enhance agricultural resilience across Nigeria.
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