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Business · Daily Post ·Nigerian stock market extends rally as investors record significant N3.36tn gain
The Nigerian stock market continued its upward trend as investors saw their wealth increase by N3.36 trillion. This sustained rally reflects positive momentum in the local equity market, providing substantial returns for shareholders over the trading period as market capitalization experienced a significant surge.
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Business · PM News ·May Day 2026: CAPPA decries inflation bite, weak social protection
Corporate Accountability and Public Participation Africa has expressed concerns regarding the impact of inflation on Nigerian citizens during the 2026 May Day commemorations. The organization highlighted the insufficiency of social protection systems, calling for measures to address the rising cost of living and the economic challenges currently affecting the workforce.
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Business · Nairametrics ·
Reps order DISCOs to refund N55.42 billion NMMP loan within 7 months
The House of Representatives has directed electricity distribution companies to refund fifty-five point four two billion naira within seven months. This amount represents a loan granted under the National Mass Metering Programme. The legislative body's order aims to ensure the recovery of public funds allocated for the national power sector initiative.
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Business · Nairametrics ·
FEC approves $2.99 billion for Lagos Green Line, Kano, Kaduna rail projects
The Federal Executive Council has approved $2.99 billion for the development of major railway infrastructure projects in Nigeria. The funding is earmarked for the Lagos Green Line and rail connections in Kano and Kaduna, aiming to expand the nation's transit capacity and improve regional connectivity through substantial public investment.
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Business · Daily Trust ·
CIPSMN inducts 202 members, urges to uphold ethics
The Chartered Institute of Purchasing and Supply Management of Nigeria recently inducted 202 new members into the professional body. The leadership encouraged the new inductees to uphold high ethical standards and maintain integrity while performing their duties within the procurement and supply chain management sector.
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Business · Daily Trust ·
Workers’ Day: FCT residents decry rising cost of living
Residents of the Federal Capital Territory expressed significant concerns regarding the rising cost of living during the Workers’ Day celebrations. Participants highlighted the impact of high inflation on daily household expenses and called for government measures to address the economic challenges currently facing many families within the capital.
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Business · BusinessDay ·FEC resolves 20-year MM2 dispute, approves aircraft leasing contract, $2.9bn rail projects for Lagos, others
The Federal Executive Council has settled a long-standing twenty-year dispute concerning the Murtala Muhammed Airport Terminal 2. Additionally, the council approved a new aircraft leasing contract and authorized various rail infrastructure projects worth $2.9 billion, which will benefit Lagos and several other regions across the country.
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Business · Daily Post ·Oil prices now determined by Trump’s mood – Slovak PM, Fico
Slovak Prime Minister Robert Fico suggests that global oil prices are increasingly influenced by the temperament and actions of Donald Trump. The statement indicates that international political shifts and the behavior of world leaders now play a significant role in determining the market value of energy resources on a global scale.
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Business · Leadership News ·
Don Proffers Solution To Nigeria’s Agricultural Problems
An academic has proposed strategies to address the various challenges hindering Nigeria's agricultural development. The recommendations aim to enhance food security and productivity within the sector, offering potential solutions to long-standing issues affecting farmers and the national economy across the federation.
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Business · The Punch ·Dangote refinery recalls engineers after union face-off
Dangote Refinery has recalled its engineers following a recent confrontation with a trade union. The move aims to restore operational stability at the facility after the industrial dispute disrupted activities. Management initiated the recall to ensure the refinery's technical team returns to their roles following the resolution of the disagreement.
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Business · Channels TV ·
Uber Adds Hotel Booking In Push To Become ‘Everything App’
Uber has integrated hotel booking services into its platform as part of a strategic move to transform into an all-encompassing application. This expansion allows users to manage travel accommodations alongside ride-hailing and delivery services, reflecting the company’s objective to offer a broader range of consumer solutions within a single interface.
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Business · BusinessDay ·Stagnant wages leave Nigerian workers trailing peers
Nigerian workers are experiencing a decline in relative income as their wages remain flat compared to international or regional peers. This persistent lack of salary advancement continues to impact the purchasing power of the labor force while similar economies adjust compensation to reflect current global financial trends.
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Business · Daily Trust ·
Workers’ Day: How much work is being done?
The commemoration of Workers' Day in Nigeria prompts an assessment of national labor productivity and workforce efficiency. Stakeholders examine the actual output of the labor force against economic challenges, focusing on the relationship between employment standards and the overall developmental progress of the country during the holiday.
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Business · BusinessDay ·BusinessDay 01st May 2026
BusinessDay released its daily publication on May 1, 2026, focusing on economic updates and corporate developments within Nigeria. The edition provides analysis of financial markets and industrial trends relevant to the local business community. It serves as a comprehensive record of the country's fiscal activities and commercial news for that specific period.
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Business · ThisDay ·
Oil Price Hits $126/Barrel, Highest Since 2022, as Trump Mulls Fresh Iran Options
Global oil prices have climbed to $126 per barrel, marking the highest peak since 2022. This price increase follows reports that Donald Trump is evaluating fresh policy options concerning Iran. The market shift reflects investor reactions to potential geopolitical changes and their anticipated impact on the global supply of crude oil.
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Business · ThisDay ·
Finally, NNPC Completes River Niger Crossing of 130km OB3 Gas Pipeline
The Nigerian National Petroleum Company Limited has successfully finished the River Niger crossing for the 130-kilometer Obiafu-Obrikom-Oben gas pipeline. This achievement marks the completion of a major technical hurdle in the construction of critical infrastructure designed to enhance domestic gas distribution and industrialization throughout Nigeria.
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Business · Premium Times ·Beyond oil: Niger Delta attracts new investments for economic growth and development, By Ehi Braimah
The Niger Delta region is experiencing a shift in its economic landscape as it secures fresh investments aimed at fostering sustainable growth and development beyond the oil sector. These initiatives are designed to diversify the local economy and improve the overall livelihoods of residents within the oil-rich region.
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Business · ThisDay ·
FEC Okays $2.99bn Light Rail Projects For Lagos, Kaduna, Kano to Boost Economy
The Federal Executive Council has approved $2.99 billion for light rail projects across Lagos, Kaduna, and Kano states. This strategic infrastructure investment is intended to modernize transportation systems and stimulate economic growth within these major urban hubs by improving connectivity and transit efficiency.
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Business · ThisDay ·
Seplat Grows Q1 Revenue to $840.7m, Gross Profit Hits $370.5m
Seplat Energy reported a first-quarter revenue of $840.7 million, alongside a gross profit of $370.5 million. These financial results indicate growth for the firm during the period, highlighting its operational performance and revenue generation capabilities within the Nigerian oil and gas industry.
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Business · ThisDay ·
NISO Explains Power Cut to Lagos, Environs, Blames 614MW Drop in Egbin
The Nigerian Independent System Operator has attributed recent power outages in Lagos and surrounding areas to a significant reduction in generation capacity. A decline of 614 megawatts at the Egbin Power Plant caused the supply disruption, impacting the regional electricity grid and necessitating an official explanation for the energy shortfall.
Nigerian News
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