Osun empowers 2000 with PoS terminals, grants
Osun State Government has empowered 2000 women and youths with PoS terminals, CAC certificates, and grants to boost entrepreneurship and financial independence. Read more about this historic initiative.
Category : Business
Iran Currency Collapses, Naira Exchange Rate Hits Record
Iran's rial hits historic low amid protests and 42% inflation. The Nigerian naira now trades at N1 to 698.55 Iranian Rial. Read the full analysis of the crisis and its global implications.
PETROAN Urges FG to Revive Refineries by Q1 2026
PETROAN advises the Federal Government to focus on rehabilitating Nigeria's refineries to cut fuel prices and boost the economy. Read the full analysis and political implications.
Heineken CEO Resigns Amid Struggles to Boost Beer Sales
Heineken CEO Dolf van den Brink steps down unexpectedly. His tenure saw pandemic, inflation, and market volatility. Discover the future of the global brewer.
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Naira Gap Widens: Official Rate Gains, Parallel Market Weakens
Nigeria's naira shows a split performance as the official rate gains to ₦1,423.17 per dollar while the parallel market weakens to ₦1,480. Discover the causes and implications of the widening exchange rate gap.
45 Countries Nigerians Can Visit Visa-Free
Nigerian passport holders can now enter 45 countries without a pre-arranged visa, boosting travel freedom. See the full list and latest updates.
Davido's Sister Sharon Adeleke Reflects on Business Pressure
Sharon Adeleke, CEO of Ronawigs, opens up about the pressure of privilege, revealing that access to funds doesn't guarantee success. Read her candid lessons on strategy, team, and accountability.
Standard Chartered 2026 Paid Internship for Nigerians
Standard Chartered Bank launches its 2026 Internship Programme for Nigerian students and graduates. Gain paid, hands-on global banking experience and a pathway to a finance career. Apply now!
22 Banks Secure Licences as CBN Recapitalisation Nears
With weeks to the March 31, 2026 deadline, 22 of Nigeria's 34 banks have met the CBN's new capital requirements. Discover which banks are safe and how mergers are reshaping the industry for stability and growth.
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EKEDC Downgrades Lagos Feeders from Band A to E
EKEDC has downgraded seven Lagos feeders, moving some customers from Band A to Band E and slashing daily power supply to as low as four hours. Discover the affected areas and the public outcry.
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Access Bank, Visa Launch Corporate Card for Nigerian Firms
Access Bank partners with Visa to launch a new Corporate Credit Card for medium & large Nigerian businesses. It offers a 45-day interest-free period and digitizes expense tracking via the Visa Spend Clarity platform.
NNPC Reduces Diesel Price in Abuja, Lagos, Other States
NNPC slashes diesel prices in Abuja, Lagos & other states, offering cost relief. Get the latest rates & NBS data on regional price variations across Nigeria.
NDIC Releases N24.3bn Second Dividend for Heritage Bank
The NDIC has announced a second liquidation dividend of N24.3 billion for Heritage Bank depositors with balances over N5 million. Learn about the payout rate and future recovery prospects.
Fuel Price War Deepens as Marketers Undercut Dangote
A fierce petrol price war is reshaping Nigeria's fuel market as independent marketers slash prices below Dangote's N739 rate. Discover how this battle for customers is impacting motorists and the industry's future.
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Fidelity Bank Meets CBN's N500bn Capital Requirement
Fidelity Bank Plc has successfully raised its capital base to N564.5bn, crossing the CBN's N500bn threshold for international banks. Discover how the recapitalisation race is reshaping Nigeria's banking sector with the March 2026 deadline looming.
18 Insurers Ready for NAICOM Capital Verification
Only 18 out of over 50 insurers are ready for NAICOM's capital verification ahead of the July 30 deadline. The exercise aims to strengthen the sector and boost claims payment. Read more.
NDIC Declares N24.3bn Heritage Bank Liquidation Dividend
The NDIC announces a second liquidation dividend of N24.3bn for Heritage Bank depositors with balances above N5m. Learn how to claim your funds and what it means for the liquidation process.
Nigeria's New Tax Laws: Reality Check on Corruption & Trust
Nigeria's historic tax reforms replace colonial-era laws, but public trust is undermined by deep-rooted corruption and fears of fund mismanagement. Can Tinubu's government convince citizens?
Nigerian States Groan Under Relentless Fibre Cut Attacks
New NCC data exposes a severe fibre cut crisis, with over 19,000 incidents in 8 months. Telecoms lose N27bn, disrupting banking, healthcare & security nationwide. Read the full report.
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Lagos Electric Ferries, FG Bans Wooden Boats
Lagos plans electric ferries to cut fares, while the Federal Government urges a ban on unsafe wooden boats after tragic accidents. Read the latest on Nigeria's water transport safety.
Nigeria Luxury Property Market Growth Forecast for 2026
Nigeria's luxury real estate is projected for steady growth in 2026, fueled by diaspora inflows and wealth concentration. Discover key trends in Lagos and Abuja.
Tax Misinterpretation Fuels Price Hikes in Nigeria
Nigeria's new tax reforms trigger market chaos as traders exploit confusion, imposing arbitrary price increases. Experts warn of gaps and unintended consequences. Read the full analysis.
New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.
Eterna Plc Opens N21.52bn Rights Issue
Eterna Plc has opened a N21.52 billion rights issue to fund its downstream expansion and strengthen its balance sheet. The offer closes on February 18, 2026. Read the full details.
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Aviation gets N87.3bn in 2026 budget, FAAN excluded
Federal Government allocates N87.3 billion to Aviation Ministry in 2026 budget, a drop from 2025. Key projects include airport upgrades and a new Aerospace University. FAAN and NCAA are excluded as revenue-generating agencies. Read the full breakdown.
Drivers' Union Demands Refund from inDrive Over VAT
Nigeria's app-based transport union, AUATON, demands inDrive refund alleged illegal 7.5% VAT deductions from drivers' earnings. Calls for FIRS investigation and policy review.
COP30 Outcomes: Nigeria's Climate Finance Opportunity
NCF's Dr. Joseph Onoja analyses COP30 outcomes for Nigeria, highlighting climate finance, the Tropical Forest Forever Facility, and a just energy transition. Read how Nigeria plans to act.
Insurers Oppose Tax Exemptions for Foreign Companies
Nigerian insurance operators warn that a proposal to grant foreign insurers tax exemptions on local premiums could cripple domestic firms and undermine industry reforms. Read the full analysis.
Warri Monarch Warns Oil Firms Over Community Neglect
Olu of Warri, Ogiame Atuwatse III, warns Chevron and other oil companies that peace is unsustainable without justice after six decades of impoverishing host communities. Read the full story.
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Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
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