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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.
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Business · Daily Post ·Workers’ Day: Nigerians buy petrol at N1440 per liter as NNPCL, others increase fuel price
Fuel prices across Nigeria have reached 1,440 Naira per liter on Workers' Day following a cost increase by the Nigerian National Petroleum Company Limited and other retailers. This significant price hike has impacted consumers as they navigate the national holiday amid changes in the domestic petroleum market.
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Business · Daily Post ·Lagos: Contractor dies in underwater accident at Egbin power facility
A contractor lost his life following an underwater accident at the Egbin power facility in Lagos. The fatal incident occurred while the individual was performing duties at the power station. Authorities are currently reviewing the circumstances surrounding the accident to determine the exact cause of death.
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Business · Vanguard ·Dollar to Naira exchange rate today, May 1, 2026
The US Dollar to Nigerian Naira exchange rate for May 1, 2026, has been released. This daily report tracks the current market value of the Nigerian currency against the dollar, providing necessary data for traders and stakeholders monitoring the foreign exchange market fluctuations within the country.
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Business · Daily Trust ·
World Bank’s conflicting signals
The World Bank has issued statements regarding Nigeria's economic policies that appear to be contradictory. These inconsistencies raise concerns about the clarity of the international financial institution's advisory role and its assessment of the country's current fiscal reforms and long-term development strategies.
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Business · Vanguard ·Workers mark May Day in pains as Labour decries insecurity, poverty, inflation
Nigerian workers commemorated International Workers' Day by highlighting severe economic challenges and safety concerns. Organized labor unions identified rising inflation, widespread poverty, and persistent insecurity as primary factors affecting the welfare of the workforce. The events focused on the increasing difficulties faced by employees across the country in the current socio-economic environment.
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Business · Daily Trust ·
Petrol price edges towards N1,400/L
The price of petrol in Nigeria is nearing N1,400 per litre as fuel costs continue to rise across the country. This upward trend reflects current market conditions and supply dynamics within the petroleum industry, contributing to increased operational costs for businesses and higher living expenses for citizens nationwide.
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Business · Daily Trust ·
How to reverse 350m litres annual ethanol imports — Report
A report provides recommendations for Nigeria to end its annual importation of 350 million litres of ethanol. The findings highlight the potential for domestic manufacturing to replace these imports, aiming to strengthen the national economy and improve industrial self-sufficiency within the local energy and chemical markets.
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Business · Daily Trust ·
Dangote pegs aviation fuel at N1,820/L, recalls redeployed engineers
Dangote Refinery has set the price of aviation fuel at 1,820 Naira per liter and recalled engineers previously redeployed to other units. This move marks a significant step in the refinery's operations as it begins supplying the domestic aviation market and reorganizing its technical workforce to meet production demands.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.