Three months after the Federal Government issued a N501 billion bond to clear electricity debts, power generation companies have not received any payments, raising concerns about sector liquidity and reform implementation.
NIPOST reports increasing encroachment on its properties in Abia State, leading Governor Alex Otti to order a survey and recovery of assets, with plans for collaboration on postal services.
Stephanie Obiano, CEO of Furalle Limited, argues that Nigeria cannot fully realize its aviation potential without empowering women in leadership positions. She emphasizes the need for local capacity building and technical skills to benefit from internatio
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The Central Bank of Nigeria has been named Central Bank of the Year at the 2026 Central Banking Awards, recognized for monetary reforms that stabilized Nigeria's economy through exchange rate unification and transparency measures.
As the CBN recapitalisation deadline nears, over 30 Nigerian banks have met requirements, while two receive regulatory forbearance and three await final approval, amid industry consolidation.
Coalition of Farmers Associations of Nigeria and other groups commend NADF's leadership for enhancing food security, empowering farmers, and modernizing agriculture through various initiatives.
Binani Air has officially started operations in Nigeria after receiving its Air Operator Certificate from the NCAA, marking a historic milestone as the first fully woman-owned airline in the country.
The Ijaw Youth Council urges the Federal Government to include Niger Delta ports in Nigeria's maritime development agenda, citing fairness and economic benefits.
The Federal Government calls on UK investors to collaborate in building resilient food systems and climate-smart farming to unlock Nigeria's agricultural potential, as highlighted at the Nigeria-UK Investment Forum in London.
Aviation fuel prices in Nigeria have surged from under N1,000 to N2,700 per litre, driven by Middle East tensions disrupting global oil supply. Airlines warn current ticket prices are unsustainable, with potential fare increases of 20-25% looming.
Kano State Executive Council approves multi-billion-naira Gida-Gida Mega City Project featuring 480 housing units to address urban housing shortage and decongest the metropolis.
A Nigerian lady known as KDP Chef expressed pain after selling her MTN shares at N708 per share, making N200k profit in under 30 days. She had bought them at N508 in January but needed cash.
HYPREP announces a major expansion of potable water projects in Ogoni, moving beyond UNEP recommendations to serve all communities, with over 43 already connected and new phases underway.
As the March 31, 2026 deadline approaches, Nigerian banks show strong compliance with CBN's recapitalization directive, raising ₦4.05 trillion. Most banks meet targets, while a few face delays under regulatory scrutiny.
Nigeria's Dangote Petroleum Refinery has shipped 12 cargoes totaling 456,000 tonnes of refined petroleum products to five African countries, marking a significant expansion in regional energy trade amid global supply disruptions.
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Nigeria's electricity distribution companies have suffered staggering losses of ₦2.4 trillion over 2024-2025, worsening the national power crisis with reduced generation and increased blackouts.
Ahead of the March 31, 2026 deadline, 34 Nigerian banks have successfully met the Central Bank of Nigeria's recapitalisation thresholds, with major lenders exceeding capital requirements and no major disruptions expected in the banking sector.
A Jazz Aviation flight operating for Air Canada collided with a fire engine on the runway at LaGuardia Airport, resulting in two fatalities. The incident involved 72 passengers and four crew members, with the FAA investigating.
Nollywood actor Wale Okunnu criticizes petroleum marketers for the sharp increase in petrol pump price to N1350 per litre, questioning Nigeria's reliance on imports despite local crude oil reserves.
A tour bus carrying holidaymakers plunged off the road near the Rajuntay mountain in Peru, killing nine people and injuring 15 others. Rescue operations involved emergency triage and hospital transfers.
President Bola Tinubu warns state governors that the Middle East crisis could trigger inflation and erode purchasing power, urging them to provide incentives and care for vulnerable Nigerians.
An Air Canada regional jet carrying 72 passengers and 4 crew members collided with a firetruck on a runway at New York's LaGuardia Airport late Sunday night, causing significant damage to the aircraft's nose.
Fresh IMF data lists Egypt, Côte d’Ivoire, and Kenya as top African debtors in 2026, with Nigeria notably absent, sparking debate on borrowing strategies and fiscal challenges across the continent.
Nigeria faces potential fuel shortages as Dangote Petroleum Refinery considers exporting all refined products due to a dispute over petrol import licences with regulators.
Nigeria faces a critical housing deficit of 14.9 million units, with experts warning that current production falls short of SDG 11 targets. Urgent reforms in land administration, finance, and private sector involvement are needed to provide safe, affordab
Nigerian banks have successfully navigated a two-year recapitalisation process, raising over N4 trillion without major disruptions. As the banking sector stabilizes, attention shifts to the insurance industry, where companies are gearing up for their own
Aviation consultant Chris Aligbe defends FCCPC's investigation into airline fare hikes, accusing domestic carriers of exploiting travelers through restrictive booking practices during peak seasons.
The Nigeria Labour Congress proposes merging Petroleum and Power ministries into a unified Energy Ministry to address structural issues and stop a proposed N6 trillion bailout for power generation companies.
Millions of Nigerians are increasingly relying on neighborhood POS operators for cash deposits and withdrawals, cementing their role as the country's most accessible retail cash hubs under new banking regulations.
The Centre for the Promotion of Private Enterprise highlights rising food and energy costs eroding purchasing power, while Nigeria pledges to stabilize global oil supply amid Middle East tensions threatening prices.