FG Seeks New IATA Code for Osubi Airport
The Federal Government has applied to IATA for a new airport code for Osubi Airport to align with its official name and location, according to the Ministry of Aviation.
Category : Business
Nigeria's Inflation Drops to 15.43% in July 2026, NBS Reports
Nigeria's headline inflation fell to 15.43% year-on-year in July 2026, down from 15.91% in June, according to the NBS. Month-on-month inflation eased to 1.57%, while food inflation rose to 20.31%.
Wema Bank Opens Hackaholics 2026 Applications, Offers Funding
Wema Bank has opened applications for Hackaholics 2026, offering African innovators funding, mentorship, and accelerator access across three tracks. Apply now.
Nigerian Woman Loses Millions After Building She Rented Was Put Up for Sale
Morenikeji Adekunle Igwe spent millions securing a walk-in store and N5m on setup, only to learn in May the building was for sale, delaying her June opening.
Heirs Insurance Profit Falls 15% to N9.53bn Despite 89% Premium Rise
Heirs Insurance Group's profit after tax fell 15% to N9.53 billion in H1 2026, despite an 89% surge in gross premiums to N68.4 billion, driven by higher claims.
Structure: The Real Secret to Scaling Nigerian Businesses
Nigerian businesses must adopt structured systems to scale beyond hustle, according to experts. Find out why structure is the real growth secret.
Nigeria's Dollar Millionaires Hit 8,100: 10 Key Wealth Sectors
Nigeria's dollar millionaire population reached 8,100 in June 2026, with financial services, telecoms, real estate, and oil & gas leading wealth creation, according to BusinessDay.
Nigeria's Inflation Drops to 15.43% in July 2026
Nigeria's headline inflation eased to 15.43% in July 2026, down from 16.08% in June, according to the National Bureau of Statistics, driven by a slowdown in food price increases.
CBN Price Stability Faces Test: Reviving Credit and Growth
CBN's price stability gains are now challenged by the need to revive credit and growth. Experts warn of a delicate balance as monetary tightening may stifle lending.
Terra Industries Raises $18M, Closes Seed at $52M
Terra Industries has raised an additional $18 million, bringing its total seed funding to $52 million, according to a company announcement.
6 Thriving Businesses Turning Nigeria's Economic Pain into Profit
Despite Nigeria's economic recovery, high living costs persist. Discover six thriving businesses—from digital lending to solar energy—that are turning consumer pain into profit, according to BusinessDay and Global Solar Council data.
Cement Prices Vary Widely Across Nigeria: N8,500 to N18,000
A Legit.ng survey reveals cement prices range from N8,500 to N18,000 per 50kg bag across Nigeria, with BUA cheapest and Lafarge Water Shield highest in Lagos.
CBN: IMTO Inflows Hit Record $1.29bn in Q1, Up 45%
Nigeria's diaspora remittances via IMTOs hit a record $1.29bn in Q1 2026, a 45% jump year-on-year, according to the CBN.
CBN FX Sales Hit $953.41m in March, Naira Trades at N1,357/$1
The Central Bank of Nigeria sold $953.41m in March 2026, the highest FX intervention in nearly a year, as the naira stabilised at N1,357/$1 with reserves at a 17-year high.
TEWS 2.0: Bola Matel Okoh Taps Awosika, Adesola, Others
Bola Matel Okoh unveils TEWS 2.0 with Ibukun Awosika, Bola Adesola, Mosun Belo-Olusoga and others as board members to drive women's economic empowerment.
10 Tokunbo Cars Under N6 Million in Nigeria 2026
Discover 10 reliable Tokunbo cars you can buy for N6 million or less in Nigeria in 2026, from Toyota Camry to Nissan Micra, with expert buying tips.
Integrated Indigo Wins Agency of the Year at 2026 Awards (17.08.2026)
Integrated Indigo has been named Agency of the Year at the 2026 National Spokespersons Awards, recognizing its excellence in communication and public relations.
Petrol Prices Drop as Depot Rates Fall Across Nigeria
Major filling stations in Nigeria cut petrol prices as depot rates decline, with MRS, AP, and Lado Oil reducing pump prices, offering motorists relief.
FG Reopens Free CAC Registration for 250,000 Enterprises
The Federal Government reopens free CAC business registration for 250,000 nano, micro, and small enterprises via SMEDAN portal. Applicants need valid ID and passport photo.
BOI's N250bn Bond Oversubscribed in 5 Days, MD Credits Tinubu
BOI's maiden ₦250 billion bond closed oversubscribed within five working days, a feat MD/CEO Olasupo Olusi credits to President Tinubu's executive approvals and incentives.
Start a CNG Conversion Workshop in Nigeria: Steps, Cost
Starting a CNG conversion workshop in Nigeria requires about ₦10 million in startup capital. This guide covers the step-by-step process, costs, and revenue opportunities.
BOI's N250bn Bond Oversubscribed Amid Strong Demand
The Bank of Industry's maiden N250 billion bond was oversubscribed, reflecting strong investor confidence in Nigeria's industrial financing.
Dangote Cuts Cooking Gas Depot Price to N950/kg
Dangote Refinery slashes LPG depot price to N950/kg, a 3.1% cut, making it the cheapest among major depots; 12.5kg cylinder now N11,875 before margins.
Nigeria Police Salary by Rank: Full Breakdown for 2026
Nigerian police salaries range from ₦10,114 for trainees to over ₦938,578 for the Inspector General. Recent reforms added a 20% allowance and tax waivers to boost junior officers' pay.
Petrol Hits N120/Litre in Lagos as Fuel Scarcity Worsens
Petrol sold for N120 per litre in Lagos on Monday as many filling stations shut down due to lack of supply, with marketers blaming unpaid subsidies and pipeline vandalism for the worsening scarcity.
Imo Communities Angry Over Shell Oil Spill Neglect
Residents of Izombe in Imo State are angry over Shell's neglect of an oil spill that has polluted their farmlands and rivers for months, causing health and economic hardship.
Katsina Amirul Hajj Satisfied with Airport Facilities Ahead of Hajj
Justice Umaru Abdullahi, Katsina State Amirul Hajj, inspected Umaru Yar'Adua International Airport and expressed satisfaction with facilities, praising landing and take-off systems.
10 Defunct Nigerian Airlines: A Decade of Closures
Discover 10 Nigerian domestic airlines that ceased operations or were grounded in the last decade, from NICON Airways to Air Nigeria, and their impact on aviation.
FG Pays N56.75bn Subsidy Claims to Oil Marketers
The Federal Government has paid an additional N56.75 billion to 14 oil marketers for 2012 subsidy claims, according to Finance Minister Ngozi Okonjo-Iweala, bringing total payments to N135.65 billion.
Lagos Recycling Banks: Cleaner, Greener Future
Lagos generates over 9,000 metric tons of waste daily, but LAWMA's recycling banks and private sector partnerships help keep it clean, producing 250 bags of fertilizer daily.
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