Nigeria Business Confidence Edges Up in April
Nigeria's business confidence rose marginally in April to 102.1 points, but growth remains weak. Agriculture and non-manufacturing drove expansion, while manufacturing contracted.
Category : Business
Lagos to Start Paid Street Parking by 2026
Lagos State will charge motorists for on-street parking in designated areas from 2026 to reduce gridlock. The pilot scheme starts in Ikeja and other LGAs.
Four Tier-One Banks Earn N14.9 Trillion in One Year
Four Nigerian tier-one banks achieved combined gross earnings of N14.93 trillion in 2025, a 5.4% rise from 2024, despite experts warning of profit pressures from easing interest rates and FX stability.
Airtel Africa, 46 Stocks Lift NGX Capitalisation by N629bn
The Nigerian Exchange Limited (NGX) rose further, with market capitalisation gaining N629 billion, driven by Airtel Africa and 46 other stocks. The ASI hit 242,729.51 points.
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FG and NIPRD Guide Local Pharma Firms to WHO Prequalification
The Federal Government and NIPRD are helping local pharmaceutical firms achieve WHO prequalification to boost global competitiveness and reduce import reliance.
Oando Foundation Green Youth Upskilling Programme Opens
Oando Foundation launches second cohort of Green Youth Upskilling Programme, empowering young Nigerians with skills in renewable energy, waste management, and sustainable mobility.
Fuel Subsidy Will Not Return, Oyedele Insists
Finance Minister Taiwo Oyedele confirms the Presidency will not reinstate fuel subsidy, citing economic distortions and market self-regulation.
Nigeria Mining Gets $2.6bn FDI in 30 Months
Vice President Kashim Shettima says Nigeria's mining sector attracted over $2.6 billion in FDI in 30 months due to reforms, emphasizing local processing and value addition.
LASG: Waterways Safety a Calling, Not Just Duty
Lagos State Government says passenger safety on waterways is a calling, not just duty. 50 ferry professionals trained under Interferry partnership.
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Enugu govt plans 660MW coal-fired power plant
Enugu State Government unveils plan to build a 660MW coal-fired power plant starting July, aiming to grow economy from $4.4bn to $30bn. OPSN endorses Governor Mbah for second term.
MeCure Industries posts N1.92b pre-tax profit in Q1
MeCure Industries PLC reported a 136% rise in pre-tax profit to N1.92 billion in Q1 2026, driven by revenue growth and local manufacturing investments.
ASSBIFI Flags Unrealistic Targets as Major Burden for Bankers
ASSBIFI highlights unrealistic targets as a key issue for banking workers, causing pressure, affecting performance, and leading to job losses.
FirstBank Named Nigeria’s Strongest Brand in 2026
FirstBank has been named Nigeria’s strongest brand in Brand Finance’s 2026 ranking, achieving an AAA+ rating with a BSI score of 92.2%.
Aina Doubtful for Forest vs Villa Europa League Tie
Super Eagles defender Ola Aina is an injury doubt for Nottingham Forest's Europa League second leg against Aston Villa after missing training.
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AVCA Targets Abidjan 2027 as Investors Push for Deeper Markets
AVCA announces Abidjan as host for 2027 conference, highlighting investor confidence in West Africa. Discussions at Nairobi event focused on private capital, market deepening, and liquidity.
African Startup Funding Drops to $110M in April
African startups raised $110M in April 2026, the lowest in over a year, despite a 45% increase in deal volume. Debt financing now rivals equity as startups adapt to a tighter funding environment.
Nigerite Staff Cooperative Elects New Leaders for Two Years
Nigerite Staff Cooperative appoints new executives for a two-year term. President Adegbite Olusegun pledges transparency, inclusiveness, and innovation.
NIA Honours Asenuga, Ogunbiyi for Insurance Contributions
The Nigerian Insurers Association honoured Olufemi Asenuga and Akin Ogunbiyi for their leadership and contributions to the growth of Nigeria's insurance industry at the 2026 awards ceremony.
Lady Receives Dividends from MTN and Zenith Bank
A Nigerian entrepreneur Ahaoma Mbadiwe-Maduforo was thrilled after receiving N155,925 from Zenith Bank and N135,000 from MTN as dividends. Social media users react.
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Execution Gap Threatens SAP Digital Transformation Success
Experts warn that many companies face delays and cost overruns in SAP upgrades, emphasizing that poor project management undermines digital transformation investments.
Tourism Infrastructure Initiative Launched to Reposition Nigeria
Tourism and real estate stakeholders unveil NITDI framework to reposition Nigeria as a global tourism destination, with Abuja as pilot city.
Reps Spokesperson Backs Oyedele on Capital Projects
Philip Agbese expresses confidence in Finance Minister Taiwo Oyedele to improve fiscal management and address capital project delays in Nigeria.
UAE Eid Al-Adha 2026: Longest Holiday of the Year Ahead
UAE residents may enjoy up to nine days off during Eid Al-Adha 2026 with strategic leave planning. Arafah Day likely on May 26, followed by Eid celebrations from May 27 to 29.
Ogun Targets 24-Hour Power Supply After Consumption Audit
Ogun State Governor Dapo Abiodun announces a comprehensive power audit to improve electricity supply efficiency and achieve 24-hour power for residents and businesses.
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Shettima: Tinubu Reforms Rebuilding State Economies
Vice President Shettima says Tinubu's economic reforms empower states as growth centres through fiscal reforms, energy liberalization, and tax changes, boosting investor confidence.
FG Targets 3 Million Jobs for Youth Annually
The Federal Government reaffirms commitment to creating 3 million jobs annually for youth, focusing on agriculture, technology, and innovation.
Tegbe Pledges Grid Stability in 100 Days
Ministerial nominee Joseph Tegbe promises to stabilize Nigeria's electricity grid within 100 days. Senate warns of a cabal profiting from power failure.
Gov Zulum Urges NPA to Boost Non-Oil Exports in Borno
Borno Governor Babagana Zulum has called on the Nigerian Ports Authority to scale up non-oil exports, aiming to boost foreign exchange earnings and create jobs for youths.
Dangote Refinery Hikes Petrol Price to ₦1,350 Per Litre
Dangote Refinery increases petrol ex-depot price to ₦1,350 per litre, pushing pump prices toward ₦1,400. Government rules out subsidy return.
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Dangote Plans 20,000MW Power Project for Nigeria
Africa's richest man, Aliko Dangote, announces a massive 20,000MW power project to address Nigeria's electricity crisis, calling on African billionaires to lead industrial revolution.
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