Container Insurance Scheme to Increase Port Costs - Stakeholders
Freight forwarders warn Nigeria's Container Indemnity & Insurance Scheme draft guidelines could raise business costs, divert cargo, and undermine the Blue Economy agenda.
Category : Business
Industrial Decarbonisation Critical for Climate and Economy
At the 2026 World Economic Forum, Schneider Electric's CEO Oliver Blum urged governments to boost policy support for industrial decarbonisation, highlighting its role in climate mitigation, profitability, and job creation.
Gas Industrialisation Key to Nigeria's Economic Recovery - NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed that gas industrialisation is central to Nigeria's economic recovery, intensifying enforcement and accelerating gas distribution nationwide under the Decade of Ga
CBN's Bank Recapitalisation Drive for Stronger Financial System
The Central Bank of Nigeria's ongoing recapitalisation programme aims to create bigger, resilient banks capable of supporting Nigeria's trillion-dollar economy ambition. With 20 banks already meeting requirements, the exercise progresses toward the March
Nigerian Stock Market Gains N73.5bn on Friday
The Nigerian equities market closed higher on Friday with investors gaining N73.50 billion as the NGX All-Share Index rose by 0.07% to 165,512.18 points.
NAFDAC Alcohol Ban Could Cost 5 Million Jobs, Says TUC
The Trade Union Congress warns NAFDAC's ban on alcohol in sachets could lead to massive job losses and investment collapse, accusing the agency of targeting indigenous producers.
EFCC: Banks, Fintechs Enabled N162bn Crypto, N18.7bn Scams
The EFCC has accused financial institutions of facilitating massive fraud schemes by neglecting KYC procedures, leading to over N18.7bn in losses for more than 900,000 Nigerians.
Edo State Plans Airline, Keyamo Forms Committee
Edo State government announces plans for a state-owned airline operating from Benin Airport, with Minister Festus Keyamo establishing a technical committee to expedite regulatory approvals and operational planning.
NAFDAC Alcohol Ban Protests Threaten 5 Million Jobs
Nigerian unions protest NAFDAC's sachet alcohol ban, warning it threatens 5 million jobs and N3 trillion investment in local wine and spirit industries, contradicting economic recovery goals.
Nigeria Cashew Exports Rise, NCAN Advises Tinubu on Reforms
Nigeria's cashew exports have surged to 600,000 metric tonnes annually, as NCAN calls for special processing loans and stronger local value addition to boost the non-oil sector.
NISO Reveals Cause of National Grid Collapse
The Nigerian Independent System Operator attributes Friday's national grid collapse to simultaneous tripping of 330kV transmission lines and disconnection of power generation units. Restoration efforts are ongoing across the country.
Labour Unions Give FG 14-Day Deadline on Health Salaries
The Trade Union Congress and Nigeria Labour Congress have issued a 14-day ultimatum to the Federal Government over non-implementation of CONHESS salary structure for health workers, threatening nationwide strike action.
Best Prop Trading Firms in Nigeria 2026
Discover Nigeria's leading proprietary trading firms for 2026. Compare funded account options, profit splits up to 100%, and find the best platform for your trading style.
Rewane Predicts Weaker Naira, Rising Debt in 2026
Bismarck Rewane forecasts a challenging yet hopeful 2026 for Nigeria's economy, highlighting naira depreciation, debt growth, and key investment sectors.
Nigeria's Petrol Price Variations Widen Amid Import Surge
Significant price differences for petrol have emerged across Nigerian cities, with MRS stations selling at N739 per litre while others charge up to N930. Analysts attribute this to increased fuel imports and uneven supply dynamics in the deregulated marke
Social Engineering Tops Nigerian Bank Fraud Despite 51% Loss Drop
NIBSS reveals social engineering remains Nigeria's biggest banking fraud technique, with insider abuse posing the greatest threat despite a significant 51% reduction in losses to N25.85 billion in 2025.
FG Bans DisCos from Meter Installation Charges
The Federal Government has prohibited electricity distribution companies from collecting fees for meter installation under the DISREP program, warning of prosecution for violators.
Tinubu Approves Oil Drilling and Port in Ogun
President Bola Tinubu has approved commercial oil drilling at Tongeji Island and the Olokola Deep Seaport in Ogun Waterside, marking a major economic breakthrough for the state.
National Grid Collapses First Time in 2026, Power at Zero
Nigeria's national electricity grid collapsed on January 23, 2026, with power generation dropping to zero megawatts, affecting all 11 distribution companies nationwide.
Elumelu Joins Seplat Board After Acquiring 20% Stake
Billionaire investor Tony Elumelu has been appointed as a non-executive director at Seplat Energy Plc after his firms acquired a 20.07% equity stake in the company, marking a significant shift in Nigeria's energy sector leadership.
Private Firm Takes Over Enugu Airport Management
The Federal Government has signed a concession agreement with Aero Alliance to manage Akanu Ibiam International Airport in Enugu, protecting workers' jobs and aiming to modernize aviation infrastructure through public-private partnerships.
Naira Falls vs Dollar as FX Turnover Skyrockets 262%
Nigeria's naira weakened against the US dollar despite a massive 262.4% increase in foreign exchange turnover to $52.47 billion in H1 2025, driven by CBN's EFEMS system.
Nigeria's First 2026 Blackout as National Grid Collapses
Nigeria experienced its first nationwide blackout of 2026 as the national power grid collapsed, dropping electricity generation to zero megawatts and affecting all 11 distribution companies across the country.
Air Peace Hiring Captains with Free Travel Perks
Nigerian airline Air Peace announces job openings for Captains across multiple aircraft types, offering attractive benefits including free local and international travel for successful candidates.
FG Bans Meter Installation Charges, Warns DisCos
Federal Government bans payment for meter installation, declaring it illegal. 500,000 smart meters arrive to close Nigeria's meter gap at no cost to consumers.
Better Bedder Shark Tank Success Story Continues to Grow
Better Bedder, the bed-making aid featured on Shark Tank, has grown into a multi-million dollar success. With over $10 million in lifetime revenue and expansion into 3,000+ Walmart stores, founders Judy Schott and Nita Gassen continue to thrive.
35 Million Nigerians at Risk of Hunger in 2026 - UN
The United Nations reveals 35 million Nigerians, including 3 million children, face acute hunger in 2026 due to reduced global aid budgets and conflict in the northeast.
Remote Worker Reviews Umuahia vs Lagos Network and Power
A Nigerian remote worker shares her experience after relocating from Lagos to Umuahia, comparing internet connectivity and electricity supply between the two cities while highlighting family support.
Petrol and Diesel Prices Rise at Nigerian Depots
Private depot owners in Nigeria have increased petrol and diesel prices, with petrol reaching N800 per litre in Lagos, Warri, and Port Harcourt due to import licence delays and reduced product inflows.
Nigeria Cashew Industry Earns $400M But Underperforms
Nigeria's cashew industry generates over $400 million in export earnings annually, but stakeholders reveal only 20-30% is processed locally, limiting economic potential.
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