FG Unveils 'Fly Now, Pay Later' for Domestic Flights
The Nigerian Consumer Credit Corporation introduces a financing scheme allowing eligible citizens to book domestic flights immediately and pay in installments, addressing soaring airfare costs.
Category : Business
Dangote Refinery Partners with Marketers to Boost Petrol Supply
Dangote Refinery collaborates with fuel marketers to improve nationwide petrol distribution and reduce supply risks, as experts call for competitive market measures to stabilize prices.
Lagos Airport Blackout from Damaged Electrical Cable
A sudden blackout at Murtala Muhammed International Airport's international wing disrupted travel, caused by a damaged power cable during maintenance, with power later restored.
Ogun's New Pension Scheme Offers Up to 280% Benefits for Retirees
Ogun State introduces the Additional Pension Benefit (APB), a pension reform offering retirees payouts from 116% to 280% of annual emoluments. Governor Abiodun's initiative ensures timely gratuity payments and addresses pension liabilities, praised by lab
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Banks Raise Savings Rates Following CBN Policy Changes
Major Nigerian banks including Access, UBA, and Zenith have increased savings account interest rates to 7-8% annually following Central Bank monetary policy adjustments. However, inflation at 15.06% continues to erode real returns for households despite n
Foundation Empowers 20 Entrepreneurs with N12m Ramadan Relief
The Tunjii Salami Foundation disbursed nearly N12 million in Ramadan relief across Osun State, providing food packages to vulnerable households and seed capital to 20 entrepreneurs for business development.
NESREA Strengthens Wildlife Conservation Commitment
NESREA's Director-General, Prof. Innocent Barikor, highlights growing public awareness of wildlife conservation, citing recent pangolin handovers in Kano and Akwa Ibom as positive indicators.
QNET Nigeria Stresses Communication to Fight Consumer Misinformation
QNET Nigeria highlights the critical role of transparent communication between companies and consumers at a Lagos event, addressing misinformation and promoting ethical direct selling practices.
CBN Releases New Exchange Rate for Access, UBA, Zenith as Naira Rises
The Nigerian naira appreciates by 0.99% in the official market, closing at ₦1,344.42 per dollar. Nigeria's external reserves exceed $50 billion, bolstering confidence in the currency's stability amid rising global oil prices and geopolitical tensions.
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Energy Economist Warns Nigeria's Electricity System Collapsing
Energy economist Obianuju Ezenwanne warns that Nigeria's electricity system is collapsing due to structural failures in generation, transmission, and distribution, leading to persistent power outages.
Neuro Gum's $100M Success After Shark Tank
Neuro Gum, which walked away without a deal on Shark Tank, has grown into a $100 million brand with over 20,000 retail locations and 500 million units sold.
Mastercard Foundation Opens FAST Applications for African Entrepreneurs
The Mastercard Foundation has launched the third cycle of its FAST programme, offering grants up to $15,000, training, and mentorship to young African entrepreneurs, with a focus on inclusivity.
BVN's Role in Humanizing Nigeria's Digital Economy
The Bank Verification Number (BVN) has evolved from a banking security tool into Nigeria's foundational Digital Public Infrastructure, enabling loan recovery, reducing fraud, and creating a trusted identity layer for financial inclusion.
16 States Falter on Electricity Decentralization, Worrying Consumers
Over 16 states in Nigeria are struggling to implement effective electricity regulatory systems under decentralization, raising concerns about service quality and investment. Issues include legal disputes, regulatory abuse, and delays in setting up state c
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Nigeria's $500M Loss from Delayed Cargo Tracking System
Nigeria loses $500 million yearly due to delayed ICTN implementation, fueling smuggling, arms trafficking, and illicit trade, with billions in seizures reported by customs and agencies.
Nigeria's Tax Reforms Aim for Fairer, Inclusive System
Minister Taiwo Oyedele and NTPIC Chairman Joseph Tegbe outline how landmark fiscal reforms will ease burdens on workers and SMEs while boosting economic competitiveness.
Middle East Conflict Could Push 10.4 Million Africans into Hunger
The World Food Programme warns that the ongoing Middle East conflict could push 10.4 million West and Central Africans into acute food insecurity, with 31 African nations requiring urgent external food assistance.
Nigeria Loses N22 Trillion Yearly to Oil Rig Tax Evasion
Maritime lawyer Olisa Agbakoba reveals Nigeria loses N22 trillion annually from offshore oil rig tax evasion and foreign dominance in marine services, urging urgent legal reforms.
UK's BII Invests $15M in Nigeria's Renewable Energy for Businesses
Starsight Energy Africa Group secures $15 million mezzanine debt funding from British International Investment to expand renewable solar solutions for Nigeria's commercial and industrial sector, addressing the country's persistent power challenges.
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Structural Barriers Undermine MSME Growth in Nigeria
A new policy review identifies key structural challenges hindering Nigeria's MSMEs, including limited finance access, weak infrastructure, and high informality, contributing to business mortality.
Transcorp Posts N544b Revenue, N179.5b Profit on Growth
Transnational Corporation Plc announced robust 2025 financial results with N544.41 billion revenue and N179.5 billion profit before tax, driven by power, hospitality, and energy segments amid operational challenges.
Zenith Bank Eyes LSE Listing to Unlock Global Capital
Nigeria's Zenith Bank Plc plans a London Stock Exchange listing by 2027 to access foreign capital, expand operations in the UK and West Africa, and strengthen its international presence amid Nigeria's banking recapitalization drive.
Nigeria's Housing Deficit: Data Clarity to Delivery
Nigeria's housing deficit is now officially 14.9 million units, shifting debate from speculation to evidence. However, data alone is insufficient without urgent policy action, scalable delivery, and accountability to address the crisis effectively.
Minister Calls for 95% Private Sector Control of Nigerian Economy
Minister Doris Uzoka-Anite asserts Nigeria's growth requires 95% private sector-driven economy. Bagudu outlines $1 trillion GDP target by 2030 through 7% annual growth and National Development Plan coordination.
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Eight Stocks Control 61% of N127 Trillion Market Cap
Eight stocks account for 61% of Nigeria's N127 trillion market cap, raising concerns about market concentration and systemic risks, with MTN Nigeria leading at N16.4 trillion.
Breathometer's Collapse After Shark Tank Deal
Breathometer secured a historic $1 million investment from all five Sharks on Shark Tank but collapsed due to product inaccuracies and FTC intervention, becoming a cautionary business tale.
AfreximBank Projects 3.8% Global Inflation by 2026
The Africa Export Import Bank predicts global headline inflation will fall to around 3.8% by late 2026, despite persistent services inflation in advanced economies and ongoing geopolitical risks.
AfDB, WATAF Sign $5.52M Grant for West African Tax Reform
The African Development Bank has approved a $5.52 million grant to WATAF to boost tax systems in six West African nations, aiming to improve revenue collection and curb financial leakages.
Africa's Raw Material Export Risks Price Volatility, Warns PAMA
PAMA President Mansur Ahmed warns that Africa's reliance on raw material exports exposes economies to price volatility and low-margin trade, despite China's new zero-tariff policy for 53 African nations.
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U.S. Probes Nigeria, Others for Forced Labour in Trade
The United States has initiated a trade investigation targeting Nigeria and 59 other countries to assess if their practices allow imports of goods produced with forced labour, under Section 301 of the Trade Act of 1974.
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