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Business · Leadership News ·Air Peace Defends Safety Decision After Actress Funke Akindele’s Criticism Of Gatwick Flight Delay
Air Peace has responded to public criticism from actress Funke Akindele regarding a flight delay at Gatwick Airport. The Nigerian airline defended its actions by stating that the decision was based on mandatory safety protocols, maintaining that passenger security remains the primary consideration during its international flight operations.
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Business · Premium Times ·How to strengthen Nigeria’s capacity for accountability, plug leakages – CIFCFIN
The Chartered Institute of Forensics and Certified Fraud Investigators of Nigeria has proposed strategies to enhance national accountability and reduce financial leakages. The professional body emphasizes the importance of forensic science and institutional reforms in identifying fiscal gaps and ensuring transparent governance across the nation's public and private sectors.
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Business · BusinessDay ·OPay hires Citi, Deutsche, JPMorgan for $4bn US IPO
Nigerian fintech firm OPay has hired global investment banks Citi, Deutsche Bank, and JPMorgan to prepare for an initial public offering in the United States. The company is targeting a valuation of approximately $4 billion for the listing. This strategic move aims to leverage the platform's significant growth within the digital payment sector.
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Business · The Punch ·FG approves national aircraft leasing company
The Nigerian Federal Government has granted approval for the establishment of a national aircraft leasing company. This initiative aims to provide domestic airlines with easier access to aircraft, potentially reducing the costs associated with leasing from international providers and strengthening the local aviation industry's capacity for operational expansion.
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Business · Daily Post ·Iran war: Prices of oil, gas will go down soon – Trump
Donald Trump has stated that the costs of oil and gas are expected to decrease in the near future despite tensions involving Iran. His comments suggest a stabilization of the energy market following concerns over international conflict and its impact on global fuel supplies and economic stability.
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Business · Vanguard ·TUC demands equal retirement policies of 65 yrs, 35 yrs in service
The Trade Union Congress is calling for the implementation of a uniform retirement policy across all sectors in Nigeria. The labor center advocates for a standardized retirement age of 65 years or 35 years of service to ensure equity and consistency in employment conditions for all workers nationwide.
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Business · PM News ·
Standard Chartered drags Dana Firms to Court over alleged ₦355m debt
Standard Chartered Bank has initiated legal proceedings against Dana Firms over an alleged debt of ₦355 million. The financial institution is seeking judicial intervention to recover the outstanding funds, following the reported failure of the defendant companies to fulfill their financial obligations to the bank.
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Business · Premium Times ·Tax Ombud calls for public sensitisation on fiscal reforms, taxpayers’ rights
The Tax Ombud has advocated for increased public awareness regarding ongoing fiscal reforms and the protection of taxpayers’ rights in Nigeria. This initiative aims to ensure citizens are properly informed about their obligations and the legal safeguards available to them within the country’s evolving financial and regulatory landscape.
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Business · Vanguard ·Zenith Bank posts N360.9bn Q1 2026 profit as revenue hits N1trn
Zenith Bank has reported a profit after tax of N360.9 billion for the first quarter of 2026. The financial institution achieved this milestone as its total revenue reached N1 trillion during the period. The results indicate significant growth in the bank's financial scale and profitability for the opening quarter of the year.
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Business · Nairametrics ·
NLC demands N225,000 minimum wage for Lagos workers amid rising inflation
The Nigeria Labour Congress has formally requested a N225,000 minimum wage for workers in Lagos State. This proposal follows concerns over persistent inflation and the rising cost of living. The labor union seeks to adjust worker compensation to align with current economic realities facing employees within the commercial hub.
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Business · Channels TV ·
Oil Prices Fall As Iran Proposes New Us Talks
Global oil prices have declined following Iran's proposal for new diplomatic discussions with the United States. This development has influenced international energy markets as investors monitor the potential for reduced geopolitical tensions in the Middle East, which may impact future supply levels and global economic stability.
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Business · BusinessDay ·MMA2 regional operations to decongest Lagos airport, expand passenger choice
The commencement of regional operations at the Murtala Muhammed Airport Terminal 2 is expected to alleviate congestion at the Lagos airport. This development aims to offer passengers a wider range of travel options while enhancing the overall efficiency of terminal usage for flights within the West African region.
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Business · Vanguard ·Importer decries delays, multiple alerts in cargo clearance
An importer has raised concerns regarding persistent delays and the issuance of multiple alerts during the cargo clearance process at Nigerian ports. These logistical challenges are reported to negatively impact trade efficiency, leading to increased costs and significant bottlenecks and higher operational costs for businesses moving goods through the maritime sector.
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Business · Nairametrics ·
Naira records weekly decline to N1,374/$ as FX volatility persists
The Nigerian Naira recorded a weekly decline to N1,374 against the US Dollar as foreign exchange volatility continues. This depreciation reflects ongoing instability in the currency market, marking a shift in the exchange rate following a period of persistent fluctuations and economic pressure on the local currency.
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Business · Daily Post ·Air Peace reacts to disrupted London–Lagos flight after bird strike
Air Peace has addressed the disruption of its London to Lagos flight following a bird strike incident. The airline is managing the situation after the event impacted its scheduled operations on the international route. Impacted passengers experienced delays while the carrier worked to resolve the technical challenges caused by the bird strike.
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Business · Vanguard ·Workers’ Day: Ejiofor laments unmet expectations
During the Workers’ Day commemorations, Ejiofor expressed dissatisfaction regarding the unfulfilled expectations and challenges currently facing the Nigerian workforce. The statement highlights a perceived gap between the needs of employees and the actual progress made in improving labor conditions and welfare standards across the various sectors of the national economy.
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Business · Nairametrics ·
AXA Mansard grows revenue by 20% in Q1 despite FX-driven profit dip
AXA Mansard recorded a 20 percent growth in revenue during the first quarter. Despite this increase in earnings, the insurance company experienced a decline in profit due to challenges stemming from foreign exchange fluctuations. The financial results highlight a period of operational growth countered by macroeconomic headwinds affecting the firm's bottom line.
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Business · Leadership News ·
Power, Finance Gaps Must Close For SMEs To Scale – Experts
Economic experts assert that addressing deficiencies in electricity supply and financial access is essential for small and medium enterprises in Nigeria to grow. Closing these infrastructure and funding gaps remains critical for the expansion of the business sector and overall national economic development.
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Business · Vanguard ·Trump says will raise US tariffs on EU cars, trucks to 25%
Former United States President Donald Trump announced a plan to increase import duties on cars and trucks from the European Union to 25 percent. This proposed policy change targets the automotive sector and could significantly affect international trade dynamics and economic relations between the United States and European nations.
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Business · ThisDay ·
Eterna Plc Reports Strong Q1 2026 Performance, Sustains Growth Momentum
Eterna Plc has reported a robust financial performance for the first quarter of 2026, successfully maintaining its growth momentum. The company demonstrated sustained operational progress during the period, indicating a positive fiscal outlook within the Nigerian energy sector. These results reflect the firm's ability to continue its upward trajectory in a competitive market environment.
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