Wema Bank Names 10-Year-Old as One-Day MD/CEO Winner (30.05.2026)
Wema Bank appoints 10-year-old Chinmamanda Diamond Ozoakpata as one-day MD/CEO for 2026 Children's Day, promoting financial literacy and youth leadership.
Category : Business
Petrol Price Hits N1,532.93 Per Litre in April
NBS reports petrol price rose to N1,532.93/litre in April, up 18.97% from March. Diesel also surged 50.16% month-on-month to N2,474.69/litre.
Subsidy Removal Saved Nigeria from Bankruptcy Tinubu
President Tinubu says fuel subsidy removal saved Nigeria from bankruptcy, with economic reforms showing gains. Governors praise the policy at a Sallah meeting in Lagos.
SIA Foundation Awards $10,000 Grants to Six Ventures
SIA Foundation grants $10,000 to six startups in Cohort 3 of SIA Startup Foundry, supporting agritech, edtech, clean energy, and more.
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NSIB Probes Bonny Vessel Collision
The Nigerian Safety Investigation Bureau has launched a full investigation into a collision between a container vessel and an oil tanker at Bonny Anchorage, Rivers State, classifying it as a very serious marine casualty.
Nigeria Achieves Major Gains in Food Security and Agriculture
Nigeria has made significant progress in food security and agricultural productivity under President Tinubu, with food prices dropping by up to 50% in some areas.
FLPOIF and NDLEA Join Forces Against Illicit Farming
FLPOIF and NDLEA sensitized rural women in Ondo to abandon illicit farming and embrace legal agriculture through the Alternative Development Programme.
Nigerian Stock Market Ends May Higher, Investors Gain N414bn
The Nigerian equities market rebounded on May 29, 2026, with the ASI rising 0.26% as investors gained N414.52 billion in market value, driven by strong demand in selected stocks.
Steel Tanks Transform Nigeria's Water Storage Crisis
High-quality steel water tanks offer a durable solution to Nigeria's water storage challenges, bridging gaps in supply and enhancing autonomy for communities.
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Nigerian Breweries Appoints Nkechi Runsewe HR Director
Nigerian Breweries Plc appoints Nkechi Runsewe as Human Resources Director, effective August 1, 2026. She succeeds Grace Omo-Lamai, who retires after nearly a decade of service.
Plateau, Namibia Partner on Tourism, Mining, Livestock
Plateau State and Namibia begin talks on tourism, mining, livestock, and trade partnership, aiming to boost economic ties and intra-African cooperation.
Tinubu: Nigeria's Economy More Competitive Than 2023
President Tinubu urges support for reforms, citing stronger public finances, booming stock market, and infrastructure expansion in his third anniversary speech.
NAMA: Retiree Benefits Debt Inherited from Past Administrations
NAMA clarifies that outstanding retiree benefits predate current management, citing policy gaps and bureaucracy. Reforms and welfare improvements are ongoing.
MTN Restarts Airtime, Data Lending After Regulatory Pause
MTN Nigeria plans to reinstate Xtratime service after FCCPC halts lending regulation enforcement, joining Airtel and Glo who have already resumed services.
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Diesel Price Surges 43.67% Year-on-Year in Nigeria: NBS
NBS reports diesel price rose 43.67% year-on-year to N2,474.69/litre in April 2026. Niger, Bayelsa, Jigawa highest; Abia, Kwara lowest.
Rising Fuel Costs Force Nigerians to Use Firewood, Charcoal
As cooking gas and kerosene prices hit record highs, millions of Nigerians may revert to firewood and charcoal due to affordability challenges amid rising living costs.
Diageo, Lagos State Empower Youth Through Learning for Life
Diageo Nigeria, in partnership with Celebr-8 Lyfe and Lagos State, graduated over 300 youth from the Learning for Life initiative, providing hospitality training and employment pathways.
Dangote Refinery Plans Major IPO Like Wall Street
Dangote Refinery is planning a major IPO that could rival Wall Street listings, opening ownership to public investors to expand capital and global presence.
HURIWA Calls for Economic Emergency Over Cost-of-Living Crisis
HURIWA demands an economic emergency declaration in Nigeria as the cost-of-living crisis pushes millions into hardship, citing inflation, unemployment, and food insecurity.
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OPM Apostle Offers Housing, Skills to Stranded Nigerians in SA
Apostle Chibuzor Chinyere offers housing, free schools, and skills training to stranded Nigerian families in South Africa, urging them to return home.
Meta Launches Paid Subscriptions for FB, Instagram, WhatsApp
Meta introduces monthly subscription plans for Facebook, Instagram, and WhatsApp, offering premium features for creators and businesses under the new Meta One brand.
Jumia Appoints Ex-AfDB President Adesina to Board
Jumia Technologies appoints Dr. Akinwumi Adesina, former AfDB president, to its supervisory board to strengthen governance and accelerate profitability.
Nigerian Firm Launches Tradia Digital Business Directory
Zamkah Technologies Limited launches Tradia, a digital business directory to boost visibility for Nigerian businesses. The platform aims to connect companies with customers digitally.
Top 5 Forex Brokers from Seychelles for African Traders
Discover the top 5 Forex brokers from Seychelles for African traders in 2026, focusing on trust, stability, and modern trading platforms.
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Ogun Pledges Diaspora Investment in Tourism Hospitality
Ogun State government reaffirms commitment to leveraging diaspora investments for tourism and hospitality growth, highlighting new hotel inauguration.
Importers Pay for Customs Delays, Demurrage – Forwarder
Freight forwarder Seyi Adewale blames customs inefficiencies for rising import costs, citing system downtimes and reduced demurrage-free periods that burden importers.
Bayelsa, Kogi, Yobe Cheapest for Kerosene in April 2026
NBS reports average kerosene price rose 22.49% month-on-month to N2,976.94 per litre in April 2026. Bayelsa, Kogi, Yobe cheapest; Sokoto, Kebbi, Lagos highest.
Firm Partners APPN to Tackle Substandard Pipes in Construction
Kazeem Royal Properties partners APPN to combat substandard plumbing materials, boost quality and safety in Nigeria's construction industry.
Sokoto Gov Gives Pilgrims N450,000 Each for Hajj
Governor Ahmed Aliyu approved 1,000 Saudi Riyals (about N450,000) for each of the 2,410 Sokoto pilgrims in Saudi Arabia for the 2026 Hajj, as a Sallah support package.
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Nigerian Graduate Dumps Certificate to Become Farmer in Village
A Nigerian graduate who returned to his village to start farming shares his journey. Despite community opposition and job rejections, he persists and gains online support.
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