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.
Category : Business
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.
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.
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.
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.
NNPC to List Shares on London, New York Exchanges
NNPC Limited announces plans for a public listing on major global exchanges, including the New York and London Stock Exchanges, to boost transparency and investor confidence in Nigeria's oil sector.
CBN Recapitalisation Deadline Hits: Four Banks Under Pressure
Nigeria's banking sector faces a critical recapitalisation deadline with four banks struggling to comply while the industry has raised over N4 trillion. Experts warn stronger banks don't guarantee economic growth without supporting the real sector.
Nigerian Pilots: Abroad vs Home Career Comparison
A comprehensive analysis of Nigerian pilots working internationally versus domestically, examining salary differences, tax implications, work hours, career progression, and lifestyle factors.
MTN XtraBuy Guide: Instant Airtime and Data Payments
Discover MTN XtraBuy, a convenient service enabling instant airtime and data purchases via bank USSD, cards, or transfers, with personalized low-balance alerts and no extra fees.
NPA Upgrades Onne, Warri, Calabar Ports for Cargo Growth
The Nigerian Ports Authority announces major investments in Eastern ports to drive cargo traffic, streamline exports, and implement automation for economic growth.
Nigeria Loses N28 Trillion in Oil Revenue Despite Boom
An economic expert reveals Nigeria missed N28.3 trillion in annual revenue due to low oil production during the Iran war price surge, highlighting systemic failures in the sector.
Dr. Oladele Alabi Elected 24th President of CIBN
The Chartered Institute of Bankers of Nigeria elects Dr. Oladele Alabi as its 24th President, with new officers announced at the 2026 AGM, focusing on financial inclusion and global impact.
Investors Shun Rental Housing Amid Opportunities in Nigeria
Despite high demand for affordable rental homes in Nigerian cities, investors are turning away from residential rental developments due to structural challenges, preferring quicker-return projects like built-to-sell and short-lets.
Dangote Cement Plants Trees, Gives Seedlings for Forests Day
Dangote Cement's Transport Unit in Obajana has planted hundreds of trees and distributed seedlings to 13 schools to mark the 2026 International Day of Forests, emphasizing environmental sustainability.
Conservationists Push to Save Migratory Fish from Extinction
A new UN report reveals an 81% decline in migratory freshwater fish populations over 50 years, urging global action against dams, pollution, and overfishing.
Chinese Firms Get Licenses for Coal Power, Cement in Edo
Edo State has licensed Chinese companies to generate electricity from coal and produce cement, aiming to boost power supply and revenue while curbing illegal mining.
Surveyors Warn Against Encroachment on Cost Management
The Nigerian Institute of Quantity Surveyors has cautioned other built-environment professionals against encroaching on cost management, insisting it remains the core responsibility of quantity surveyors.
Mid-Sized Firms Scramble for July E-Invoicing Deadline
Thousands of Nigerian mid-sized businesses face a narrowing window to implement e-invoicing systems before the July 2026 deadline, with concerns about readiness, revenue disruption, and audit risks mounting as enforcement looms.
Infrastructure Investment Urged to Ease Nigeria's Urban Pressure
Real estate expert Chudi Ubosi advocates for increased investment in infrastructure and reforms to the Land Use Act to address Nigeria's housing crisis and reduce pressure on urban centres.
Nigeria's FDI Drops to $2.15bn Amid $44.76bn Inflow
Nigeria attracted only $2.15 billion in foreign direct investment out of $44.76 billion total capital importation from 2022 to 2025, with portfolio investments dominating at $31.7 billion, raising concerns over economic volatility and reliance on hot mone
Insurance Growth High but GDP Impact Low in Nigeria
Despite strong growth rates, Nigeria's insurance industry contributes minimally to GDP, highlighting structural issues like low penetration and weak enforcement of compulsory insurance.
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