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Business · Daily Post ·Dangote Refinery announces lower aviation fuel price
The Dangote Refinery has declared a reduction in the market price of aviation fuel. This development is expected to alleviate financial pressures on airline operators within Nigeria and potentially lead to lower airfares for domestic and international travelers across the country’s aviation sector.
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Business · Leadership News ·Cement Firm Records N97.95bn Profit In First Quarter
A cement manufacturing firm has announced a profit of 97.95 billion naira for the first quarter of the year. This financial result represents the company's earnings performance during the initial three months, demonstrating its fiscal activities and profitability within the Nigerian industrial landscape for the current reporting period.
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Business · BusinessDay ·FEC approves $2.9bn rail projects for Lagos, Kano, Kaduna
The Federal Executive Council has granted approval for railway projects valued at 2.9 billion dollars. These infrastructure developments are slated for Lagos, Kano, and Kaduna states as part of efforts to improve the national transportation network. The significant investment aims to enhance regional connectivity and facilitate economic activities across these major urban centers.
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Business · Leadership News ·
Oyo Pays N18bn Salaries Monthly – Commissioner
The Oyo State Government spends approximately 18 billion Naira on monthly salary payments for its workforce. This financial detail was disclosed by a state commissioner, reflecting the ongoing personnel costs managed by the administration to sustain public service delivery within the state.
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Business · Nairametrics ·
Minimum Wage 2026: What every state in Nigeria pays
State governments across Nigeria have begun announcing and implementing various salary structures following the approval of the new national minimum wage. These reports provide a breakdown of what each state currently pays or intends to pay workers as the country transitions toward full compliance by 2026.
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Business · Vanguard ·Why agriculture must wear a new face — Xtralarge boss
The head of Xtralarge Farms has called for a transformation of the Nigerian agricultural sector. The executive emphasizes the need for modernization to enhance food security and economic growth, advocating for a shift in how farming is perceived and practiced within the country to attract more investment and participation.
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Business · Vanguard ·Nigerian airlines avert shutdown as Middle East war hikes fuel prices
Nigerian airline operators have taken measures to prevent a total suspension of flight operations despite rising aviation fuel costs. These price increases are driven by geopolitical tensions in the Middle East, which have impacted global oil markets. Local carriers continue to navigate the financial challenges posed by volatile energy prices to maintain domestic and international connectivity.
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Business · Vanguard ·FCT court dismisses suit against Parallex Bank
A Federal Capital Territory court has dismissed a legal action filed against Parallex Bank. The ruling effectively ends the litigation process against the financial institution in this specific matter, as the presiding judge struck out the claims that had been brought before the court.
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Business · Premium Times ·Fidelity Bank’s independent non-executive director to retire
Fidelity Bank has announced the scheduled retirement of an independent non-executive director from its board. The departure signals a change in the bank's leadership structure as the official completes their tenure. This transition aligns with the institution's corporate governance protocols and regulatory requirements for listed financial entities in Nigeria.
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Business · Vanguard ·Jerry Eze Foundation distributes N1bn business grants to 240 Nigerian entrepreneurs
The Jerry Eze Foundation has distributed business grants totaling 1 billion Naira to 240 Nigerian entrepreneurs. This initiative aims to provide financial support to small and medium-sized enterprises to foster economic growth. The distribution marks a significant contribution to the development of the local business community and entrepreneurship across the country.
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Business · The Punch ·Abia to begin operations at transport terminal in two weeks
The Abia State government is set to commence operations at a new transport terminal within the next two weeks. This initiative aims to streamline public transportation and improve local infrastructure, reflecting the state administration's efforts to modernize transit systems for residents and commuters in the region.
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Business · Nairametrics ·
Nigeria’s debt service jumps to N16.26 trillion under Tinubu administration
Nigeria's debt servicing costs have reached N16.26 trillion during the administration of President Bola Tinubu. This increase highlights the rising financial obligations of the federal government as it manages national liabilities and fiscal demands within the country's current economic landscape.
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Business · Vanguard ·LCCI tasks FG on weak budget execution, delays in fund releases
The Lagos Chamber of Commerce and Industry has urged the Federal Government to address challenges regarding weak budget execution and persistent delays in the release of funds. The organization emphasized the need for improved fiscal management and timely resource allocation to ensure the effective implementation of national development projects.
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Business · Vanguard ·Nigeria’s petrol marketers take advantage of momentary rise in oil prices
Petrol marketers across Nigeria have begun responding to a brief surge in international crude oil prices. This strategic move aims to capitalize on the market shift, impacting the local petroleum sector as distributors adjust to current price volatility within the global energy landscape and domestic distribution network.
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Business · Leadership News ·
Private Firms Demand Tax Clarity To Curb Highway Extortion Nationwide
Private companies across Nigeria are calling for greater transparency in tax regulations to address the issue of illegal extortion on highways. These firms argue that clear guidelines are necessary to protect logistics and transportation operations from unauthorized levies, which continue to hinder trade and increase operational costs for businesses nationwide.
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Business · Nairametrics ·
Zenith Bank posts N360.9 billion pre-tax profit in Q1 2026
Zenith Bank reported a pre-tax profit of N360.9 billion during the first quarter of 2026. This financial result reflects the institution's performance within the Nigerian banking sector for the period under review. The announcement highlights significant earnings for the financial institution at the start of the fiscal year.
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Business · Leadership News ·
Ministry, Association Move Against ‘Right-of-Way’ Challenges In Project Execution
A Nigerian ministry and a professional association are collaborating to resolve Right-of-Way challenges hindering project execution. This partnership aims to streamline regulatory hurdles and improve the delivery of critical infrastructure projects across the country by addressing legal and land access barriers that often cause significant delays in development initiatives.
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Business · Premium Times ·Reps order DISCOs to refund ₦55.42bn met loan
The Nigerian House of Representatives has directed electricity distribution companies to repay a loan totaling 55.42 billion naira originally provided for meter procurement. This order aims to ensure accountability within the power sector as lawmakers scrutinize the utilization of public funds and the implementation of national metering initiatives across the country.
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Business · Leadership News ·
Insecurity, Poverty Undermining Decent Work In Nigeria — Rights Activist
A human rights activist has stated that persistent insecurity and high poverty levels are negatively impacting the availability of decent work in Nigeria. These socioeconomic challenges are identified as major barriers that prevent many citizens from securing stable employment and enjoying fair labor conditions within the current national environment.
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Business · Nairametrics ·
NAICOM vows to prevent collapse of insurance firms amid recapitalisation drive
The National Insurance Commission has committed to protecting insurance companies from insolvency during the ongoing sector recapitalisation. The regulator aims to ensure stability within the industry by monitoring firms closely and implementing measures to prevent business failures as operators work to meet new minimum capital requirements.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.