Optimus Bank has successfully raised its paid-up capital to N200 billion, meeting the Central Bank of Nigeria's recapitalisation requirement for national banks well before the March 31, 2026 deadline.
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Nigerian cooking gas prices have surged to ₦1,400 per kilogram as Middle East tensions disrupt global energy markets, putting pressure on households and businesses.
The Federal Government of Nigeria has released a comprehensive list of items banned from importation in 2026, targeting food, household goods, and industrial materials to protect domestic industries and enhance self-sufficiency.
Nigeria's federal government introduces a new tax framework targeting artisans and small businesses, banning cash collections and roadblocks to enhance transparency and fairness in revenue system.
The Federal Government, through the FCCPC, has announced a list of approved airtime and data lenders in Nigeria for 2026, aiming to enhance consumer protection and transparency in digital lending services.
Nigeria's naira appreciated by 6.87% in 2025, marking its first annual gain in 13 years due to Central Bank reforms, capital inflows, and improved reserves.
A Maltese-flagged container ship, Safeen Prestige, was struck by an Iranian missile in the Strait of Hormuz, forcing the crew to abandon ship. The attack raises fears of global energy supply disruptions as tensions escalate in the region.
The Central Bank of Nigeria has increased its gold reserves to $3.5 billion through a domestic purchase program, acquiring LBMA-standard refined gold to diversify foreign reserves amid global price rallies.
The Nigerian Communications Commission proposes telecom operators must notify subscribers 14 days before recycling SIM cards, part of a new identity risk management system to prevent fraud.
A Nigerian lady shares her distress after her landlord served a quit notice just six months post-renovation, sparking outrage and similar tenant stories online.
The Federal Executive Council has approved the demolition and reconstruction of Carter Bridge in Lagos at over N5 billion. Minister David Umahi announced this along with other major road projects nationwide.
Discover 10 reliable used cars you can purchase for under ₦5 million in Nigeria in 2026, including Toyota, Hyundai, Lexus, and Honda models with prices and features.
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President Bola Tinubu has ordered the immediate suspension of the cashless policy implementation at Nigerian airport gates following severe traffic congestion at major airports in Lagos and Abuja.
Dangote Cement, BUA Cement, and Lafarge Africa collectively generated over N6.53 trillion in revenue, with profits soaring 142% as cement prices rose significantly across Nigeria.
President Bola Tinubu has directed the suspension of the cashless payment system at airports, citing pressure on citizens. Aviation Minister Festus Keyamo announced a hybrid system will be implemented.
Dangote Group has placed a major order for over 1,000 CNG-powered vehicles from China's Foton Motor to enhance its logistics operations with cleaner and more cost-efficient transport solutions.
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Cooking gas prices in Nigeria have surged to ₦950 per kilogram as Iran's attacks on ships in the Strait of Hormuz disrupt global energy supply, causing immediate ripple effects across markets.
Zenith Bank's leadership commended Ogun State's infrastructure transformation under Governor Dapo Abiodun and proposed deeper collaboration to boost economic growth through strategic partnerships.
Ibom Air has implemented new NCAA safety directives requiring power banks to be kept accessible in the cabin, not in overhead compartments, with strict watt-hour limits to prevent lithium-ion battery incidents during flights.
Nigeria has launched the Nigeria Revenue Service, replacing the FIRS with new laws to simplify taxes, enhance digital processes, and foster fairness for small businesses and citizens.
The Nigerian National Petroleum Company (NNPC) has raised petrol prices nationwide, with Abuja at N960/litre and Lagos at N932/litre, amid global crude oil price surges.
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The World Bank projects a severe global employment gap with 1.2 billion young people entering the workforce but only 400 million jobs available, disproportionately affecting Nigeria and Africa.
NOG Energy Week 2026, marking its 25th anniversary, will focus on implementing energy projects like the Gas Master Plan and African Atlantic Gas Pipeline to enhance Africa's energy security and economic growth.
Nigeria's naira appreciated by 4.13% in February 2026, defying Central Bank efforts to slow its momentum through strategic dollar purchases. Higher oil prices and improved external reserves bolstered confidence in the currency's outlook.
Geopolitical tensions in the Middle East have disrupted global energy markets, causing petrol prices to surge to N937 per litre in Lagos and N975 in Abuja, with fears of further increases as crude oil exceeds $80 per barrel.
Nigeria's maritime sector achieved unprecedented growth in 2025 with cargo throughput surging 24.8% to over 129 million metric tons, driven by expanding exports and container traffic.
Air Peace and United Nigeria Airlines have announced multiple job openings across various departments, inviting qualified Nigerians to apply. The roles include positions in flight dispatch, travel agency management, customer service, and more, as both air
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Rising crude oil prices due to US-Israel-Iran tensions are impacting Nigeria's fuel costs. Many Nigerians express relief that Dangote Refinery is operational, reducing dependence on imports amid global market volatility.
A sudden N100 increase in ex-depot petrol prices by Dangote Refinery has triggered a chain reaction, with major marketers like NNPC and MRS raising pump prices to N975 per litre in Lagos, leading to widespread frustration and anticipated fare increases.
The Nigerian Electricity Regulatory Commission has mandated electricity distribution companies to refund N20.33 billion owed to customers under the Meter Asset Provider scheme within 12 months starting March 2026.