Nigeria Customs Launches Digital Baggage Declaration at Seme
Nigeria Customs launches digital baggage declaration at Seme, cutting clearance to under five minutes and generating ₦10.3 million in duties within days.
Category : Business
STN: 6 Things to Know About Nigeria's Newest Telecom Operator
Swift Telephone Network (STN) secures a Unified Access Service Licence from NCC to offer nationwide telecom services, but rollout date, pricing, and mobile numbers remain undisclosed.
Dangote Refinery IPO: When Will ₦525 Shares Yield Dividends?
Dangote Refinery's ₦525 IPO shares offer ownership but no guaranteed returns. Analysts suggest dividends could arrive in 6 months to 2 years, but risks remain.
Kwara Governor Announces ₦50,000 Grant for NYSC Corps Members
Kwara State Governor AbdulRahman AbdulRazaq has announced a ₦50,000 support grant for all NYSC corps members serving in the state, effective for the ongoing batch, to ease financial pressures amid economic hardship.
Seven Missing After Boat Capsizes on River Benue
At least seven people remain missing after a wooden boat carrying over 120 passengers capsized at the Buruku crossing point on River Benue. Rescue operations and investigations are ongoing.
How to Apply for BOI Loan Online: Requirements and Steps
Nigerian businesses can now apply for BOI loans online via the MyBOI Portal. This guide covers requirements, steps, and documents needed for a successful application.
Why some Nigerian businesses earn trust on social media and others don't
Trust is the currency of Nigeria's online economy. Discover the key factors—presentation, responsiveness, social proof, and verifiable legitimacy—that separate credible businesses from those that struggle, and how platforms like Chickletboost help bridge
Nigerians Alarmed as Mobile Data Depletes Faster, NCC Explains
Nigerians report mobile data finishing faster than before, prompting NCC to clarify causes like increased usage and offer tips to curb rapid depletion.
10 Cheaper Food Items in Nigeria as Prices Fall in September
Prices of 36 food items fell in Lagos markets in September 2026. Sweet potatoes, plantain, maize, pepper, garri, beans, and rice became cheaper, offering relief to households.
UK Diesel Tops £2 as Dangote Cuts Nigerian Price by ₦70
UK diesel hit 200.01p per litre, while Dangote Refinery cut its Nigerian wholesale diesel price by ₦70 to ₦1,780, effective October 1.
Lagos Bans New Diesel Buses, Mandates CNG and Electric Models
Lagos now bars new diesel buses from its regulated transport network, requiring operators to adopt CNG or electric vehicles from 2026. Twenty additional CNG buses will expand cleaner transport options, including service on potentially busy routes such as
Energy Marketers Release New Fuel Prices as Experts Explain Reason for High Rates
Nigerian depot suppliers face intense pricing pressure as Dangote Refinery's influence grows, with falling wholesale prices not necessarily meaning affordable fuel for consumers.
Uber Pays Eligible Nigerian Drivers ₦40,000 After Exit
Uber begins ₦40,000 goodwill payments to eligible Nigerian drivers after exiting Nigeria and Uganda. Activity requirements and debt deductions affect payouts.
Mining Marshals Commander Advocates Strategic Resource Nationalism
NSCDC Mining Marshals Commander Attah John Onoja urges Nigeria to adopt Strategic Resource Nationalism, citing 44 viable minerals and 700 arrests to boost economy beyond oil.
Dangote Foundation Gives Students 10 Free Shares in Refinery IPO
Nigerian students aged 18+ can get 10 free Dangote Refinery shares by subscribing to at least 10 IPO shares at N525 each before October 13, 2026.
Atiku Faults Tinubu on Fuel Prices, Cites Germany Tax Cut
Atiku Abubakar criticises Tinubu's fuel policies as Germany cuts fuel taxes by €0.17 per litre, proposing local refining support to ease Nigerian hardship.
Naira Gains N1.31 Against Dollar, CBN Net Reserves Hit $40bn
The naira appreciated by N1.31 to close at N1,329.16/$1 on Wednesday. CBN reports net usable external reserves rose to about $40 billion from $859 million in 2023.
BOI launches MyBOI portal for easier loan access
The Bank of Industry launched MyBOI, a digital portal for Nigerian businesses to apply for loans, onboard, and track applications online, targeting faster processing.
FG Launches Digital Postcode System Nationwide
NIPOST unveils National Digital Postcode System, giving every Nigerian building a unique digital address for deliveries, banking, and emergency services.
NNPC N66 Petrol Discount, N30,000 Giveaway for Independence
NNPC Retail offers N66 per litre petrol discount until October 7 and N30,000 cash rewards to 50 winners via the NNPC Fuel App, celebrating Nigeria's 66th Independence Day.
Ecobank Cuts Savings Rates After CBN MPR Adjustment
Ecobank Nigeria reduced interest rates on four naira savings products effective September 24, 2026, following the CBN's MPR reset to 23%. All Savings Account dropped from 7.95% to 6.90% per annum.
NAICOM Chief Hailed Over NIIRA 2025 Implementation
Parliamentary Support Network and civil society groups commend Olusegun Omosehin for NIIRA 2025 implementation, citing recapitalisation success and policyholder protection gains.
NGX Falls 0.28% as Insurance, Banking Stocks Lead Losses
The NGX All-Share Index fell 701.53 points on October 1, 2026, wiping N426 billion from market capitalisation as insurance and banking stocks led losses. Trading volume jumped 82.85%.
Dangote Names Executive to Earn Commission on Lamu Refinery
Aliko Dangote revealed Honeywell UOP President Rajesh Gattupalli will earn a commission on every barrel processed at the $16bn Lamu refinery in Kenya, set to process 700,000 barrels daily.
Dangote Plans 1,000MW Power Plant in Kenya, 500MW for Government
Dangote Group will build a 1,000MW power plant in Lamu, Kenya, with 500MW to be sold to the government, as part of a $15–$16 billion refinery project.
Swift Telephone Network enters Nigeria telecom market
Swift Telephone Network Limited (STN) has secured a Unified Access Service Licence from Nigeria's federal government, positioning it to compete with MTN, Airtel, Glo, 9mobile, and Lebara nationwide.
FG Plans Energy Zones for 24-Hour Power in Key Cities
FG plans Energy Zones for 24-hour power in Lagos, Abuja-Kaduna-Kano, and Enugu-Port Harcourt corridors to boost supply and DisCo revenue.
NNPC Offers N66 Independence Day Discount on Petrol
NNPCL launches a N66 petrol discount via the NNPC Fuel App from October 1-7, 2026, and cuts pump prices in Abuja and Lagos ahead of Nigeria's 66th Independence Day.
LTIF 2026 Heads to Accra to Boost African SMEs' Cross-Border Trade
LTIF 2026 moves to Accra, Ghana, Oct 6-7, addressing why Nigeria's 41.5M SMEs contribute only 6.21% to exports and Ghana's 1.87M businesses struggle to scale.
Dangote Cuts Diesel Price by N70 to N1,780 Per Litre
Dangote Petroleum Refinery reduced its diesel gantry price from N1,850 to N1,780 per litre, effective October 1, 2026, with other Lagos depots still selling higher.
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