Imo Sachet Water Production Suspended Over Rising Costs
Sachet water producers in Imo State have suspended operations for three days due to escalating production expenses, causing shortages and price hikes across Owerri and surrounding areas.
Category : Business
Israeli Airstrike Destroys Iran's South Pars Gas Field
An Israeli airstrike has destroyed Iran's South Pars gas field, the world's largest natural gas reserve, escalating Middle East tensions and threatening global energy security with oil prices surging 5%.
Foundation Floods Niger with Sallah Packages for 1,000+ Families
The Future Pathways Foundation has provided essential food packages to over 1,000 families in Niger State during Sallah, aiming to alleviate economic hardship and promote communal solidarity through its humanitarian outreach.
Banks Close Branches for Eid Holidays, Advise Digital Use
Commercial banks across Nigeria have announced a two-day closure of branches on March 19-20, 2026, in compliance with federal government public holidays for Eid-el-Fitr. Customers are urged to use digital channels like mobile apps and ATMs during this per
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Lagos Community Faces 4-Month Power Outage for Substation Upgrade
Ikeja Electric has announced a planned four-month power disruption in the Amuwo-Odofin area of Lagos due to rehabilitation of a 132kV GIS substation at Amuwo Transmission Station.
Storytelling as Strategic Tool for Policy Influence, Brand Growth
Communication experts highlight storytelling as a critical tool for organizations to strengthen brand identity, build trust, and influence public policy. They emphasize its power to humanize complex ideas and create emotional connections in an era of info
Nigeria Spent N5.7 Trillion on Crude Imports in 2025
Nigeria imported crude oil worth N5.734 trillion in 2025 despite being Africa's top producer, as domestic refineries faced severe feedstock shortages and supply chain challenges.
Moniepoint Denies Customer Arrests Over Court Case
Moniepoint Microfinance Bank clarifies that legal proceedings involve cyberstalking and impersonation charges, not customer complaints, amid allegations of coordinated online disinformation.
Traders Fair 2026 in Lagos Highlights Nigeria's Financial Markets
Lagos hosts Traders Fair 2026, uniting global experts and local traders to explore Nigeria's booming financial markets, fintech innovations, and trading strategies in an interactive event.
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NRC Passenger Revenue Falls 16.3% in Q4 2025
The Nigerian Railway Corporation's passenger revenue declined to N1.6 billion in Q4 2025, a 16.3% drop from the previous year, due to reduced passenger numbers, while cargo transport saw a slight increase.
Abuja's 50th Anniversary Redesign Impacts Developers and Buyers
As Abuja marks its 50th anniversary with major citywide redesigns, developers in districts like Idu and Katampe are adjusting plans to align with new infrastructure projects. This has led to construction delays and layout changes for buyers, though indust
NUPRC Advances Nigeria's 2025 Oil Licensing Round
Nigeria's oil licensing round enters a decisive phase as NUPRC completes pre-qualification for 50 oil blocks, with only qualified firms proceeding to bid submission.
Expert Urges Temporary Fuel Subsidy if Petrol Hits N2,000/Litre
An energy expert has advised the Nigerian government to consider reintroducing petrol subsidies as a temporary measure if global oil price volatility pushes pump prices toward N2,000 per litre.
FG's 'Fly Now, Pay Later' Scheme Makes Air Travel Affordable
The Federal Government has introduced a 'Fly Now, Pay Later' initiative allowing Nigerians to book domestic flights and pay in installments. This scheme aims to address rising airfares and improve financial inclusion.
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NALA Gets CBN Licence, NIBSS Integration for Remittances
Global payments firm NALA has obtained an IMTO licence from Nigeria's Central Bank and integrated with NIBSS, enabling faster, cheaper remittances into Nigerian accounts and wallets.
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FG Unveils 'Fly Now, Pay Later' for Domestic Flights
The Nigerian Consumer Credit Corporation introduces a financing scheme allowing eligible citizens to book domestic flights immediately and pay in installments, addressing soaring airfare costs.
Dangote Refinery Partners with Marketers to Boost Petrol Supply
Dangote Refinery collaborates with fuel marketers to improve nationwide petrol distribution and reduce supply risks, as experts call for competitive market measures to stabilize prices.
Lagos Airport Blackout from Damaged Electrical Cable
A sudden blackout at Murtala Muhammed International Airport's international wing disrupted travel, caused by a damaged power cable during maintenance, with power later restored.
Ogun's New Pension Scheme Offers Up to 280% Benefits for Retirees
Ogun State introduces the Additional Pension Benefit (APB), a pension reform offering retirees payouts from 116% to 280% of annual emoluments. Governor Abiodun's initiative ensures timely gratuity payments and addresses pension liabilities, praised by lab
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Banks Raise Savings Rates Following CBN Policy Changes
Major Nigerian banks including Access, UBA, and Zenith have increased savings account interest rates to 7-8% annually following Central Bank monetary policy adjustments. However, inflation at 15.06% continues to erode real returns for households despite n
Foundation Empowers 20 Entrepreneurs with N12m Ramadan Relief
The Tunjii Salami Foundation disbursed nearly N12 million in Ramadan relief across Osun State, providing food packages to vulnerable households and seed capital to 20 entrepreneurs for business development.
NESREA Strengthens Wildlife Conservation Commitment
NESREA's Director-General, Prof. Innocent Barikor, highlights growing public awareness of wildlife conservation, citing recent pangolin handovers in Kano and Akwa Ibom as positive indicators.
QNET Nigeria Stresses Communication to Fight Consumer Misinformation
QNET Nigeria highlights the critical role of transparent communication between companies and consumers at a Lagos event, addressing misinformation and promoting ethical direct selling practices.
CBN Releases New Exchange Rate for Access, UBA, Zenith as Naira Rises
The Nigerian naira appreciates by 0.99% in the official market, closing at ₦1,344.42 per dollar. Nigeria's external reserves exceed $50 billion, bolstering confidence in the currency's stability amid rising global oil prices and geopolitical tensions.
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Energy Economist Warns Nigeria's Electricity System Collapsing
Energy economist Obianuju Ezenwanne warns that Nigeria's electricity system is collapsing due to structural failures in generation, transmission, and distribution, leading to persistent power outages.
Neuro Gum's $100M Success After Shark Tank
Neuro Gum, which walked away without a deal on Shark Tank, has grown into a $100 million brand with over 20,000 retail locations and 500 million units sold.
Mastercard Foundation Opens FAST Applications for African Entrepreneurs
The Mastercard Foundation has launched the third cycle of its FAST programme, offering grants up to $15,000, training, and mentorship to young African entrepreneurs, with a focus on inclusivity.
BVN's Role in Humanizing Nigeria's Digital Economy
The Bank Verification Number (BVN) has evolved from a banking security tool into Nigeria's foundational Digital Public Infrastructure, enabling loan recovery, reducing fraud, and creating a trusted identity layer for financial inclusion.
16 States Falter on Electricity Decentralization, Worrying Consumers
Over 16 states in Nigeria are struggling to implement effective electricity regulatory systems under decentralization, raising concerns about service quality and investment. Issues include legal disputes, regulatory abuse, and delays in setting up state c
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Nigeria's $500M Loss from Delayed Cargo Tracking System
Nigeria loses $500 million yearly due to delayed ICTN implementation, fueling smuggling, arms trafficking, and illicit trade, with billions in seizures reported by customs and agencies.
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