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Business · Leadership News ·Group Alleges Plot By Ogoni Leaders To Halt Oil Operations
A group has raised concerns regarding an alleged plan by certain Ogoni leaders to disrupt oil operations within their region. The allegations suggest a coordinated effort to halt production activities, potentially impacting national revenue and regional stability. Local authorities have been urged to intervene to prevent any interruptions to the petroleum sector.
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Business · PM News ·
Nigeria caught in global palm oil squeeze as prices hit new highs
Nigeria is currently facing the impact of rising global palm oil prices as costs reach record levels. This squeeze affects local markets and consumers, reflecting a broader trend in international commodity prices that influences the domestic availability and affordability of this essential cooking oil within the country.
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Business · Leadership News ·
Inadequate Power Supply : Nebo Advocates Strengthening Of Transmission Network.
Former Minister Nebo has advocated for the strengthening of Nigeria's electricity transmission network to combat persistent power supply shortages. The recommendation focuses on improving infrastructure to enhance energy distribution efficiency and ensure a more reliable supply for consumers across the country's various regions.
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Business · Premium Times ·OB3 Completion marks major leap in Nigeria’s Gas Infrastructure — Minister
The completion of the Obiafu-Obrikom-Oben pipeline represents a major advancement in Nigeria's gas infrastructure according to the Minister of State for Petroleum Resources. This strategic project aims to improve domestic gas supply across the country, facilitating industrialization and enhancing the national energy grid's efficiency and reach.
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Business · BellaNaija ·Women Makers Series 2026: Empowering Women to Build Sustainable Creative Businesses
The Women Makers Series 2026 aims to provide support and resources for female entrepreneurs within the creative industry. This initiative focuses on fostering long-term business growth and sustainability for women-led enterprises. The program seeks to equip participants with the necessary tools to navigate the evolving marketplace and build successful creative ventures.
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Business · ThisDay ·
Bayelsa Vows Continued Support for IFAD/LIFE-ND Projects
The Bayelsa State government has pledged to maintain its support for projects under the International Fund for Agricultural Development and the Livelihood Improvement Family Enterprise Project in the Niger Delta. This commitment aims to enhance agricultural productivity and improve livelihoods within the state through sustained collaboration with international development partners.
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Business · Nairametrics ·
BUA Food’s Q1 2026 profit hits N154 billion on strong margin
BUA Foods reported a profit of N154 billion for the first quarter of 2026, marking a significant financial milestone for the company. The growth is attributed to strong profit margins achieved during the period. This performance reflects the firm's operational efficiency and its ability to sustain high revenue levels within the Nigerian food sector.
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Business · Nairametrics ·
Nigeria’s Tax Ombud to open call centre for tax dispute resolutions
Nigeria’s Tax Ombudsman is set to launch a dedicated call centre aimed at facilitating the resolution of tax-related disputes. This initiative intends to provide taxpayers with a direct channel to address grievances and seek mediation, enhancing the efficiency of the tax administration system and improving overall compliance within the country.
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Business · The Punch ·CITN urges members to support tax reforms
The Chartered Institute of Taxation of Nigeria has called on its members to provide active support for ongoing tax reform initiatives within the country. The professional body emphasized the importance of professional collaboration in implementing these changes to enhance the nation's revenue generation and streamline the existing fiscal framework.
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Business · Premium Times ·NRS launches REV360, marks transition to digital tax administration
NRS has launched REV360, a digital platform designed to modernize tax administration through automated systems. This initiative signals a transition toward fully digital revenue management, aiming to enhance efficiency and transparency in tax collection processes. The platform is expected to streamline interactions between taxpayers and the government while improving overall financial oversight.
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Business · Leadership News ·
Umahi Pegs Bodo-Bonny Road Construction At N150bn
The Minister of Works, David Umahi, has fixed the construction cost of the Bodo-Bonny road project at N150 billion. This financial commitment aims to ensure the completion of the strategic infrastructure project, which is vital for enhancing transportation and economic activities within the Niger Delta region of Nigeria.
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Business · Leadership News ·
Alake Rallies Africa To Maximise Mineral Wealth
Nigeria's Minister of Solid Minerals Development, Dele Alake, has called on African nations to strategically leverage their mineral resources for economic advancement. He stressed the necessity of value addition and regional collaboration to ensure the continent captures the full economic benefits of its significant natural wealth.
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Business · BusinessDay ·Next steps for MTN’s Nigeria’s N152bn MoMo spin-off, following shareholder approval
MTN Nigeria is proceeding with the N152 billion spin-off of its MoMo payment service provider following official shareholder approval. This restructuring aims to streamline fintech operations as the telecommunications company implements subsequent regulatory and operational phases to establish the unit as a distinct entity within the Nigerian financial services market.
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Business · BusinessDay ·GTCO reports Q1 profit before tax of N302.9bn
Guaranty Trust Holding Company has declared a profit before tax of 302.9 billion Naira for the first quarter of the year. The financial results represent the group's performance during the initial three-month period, highlighting the significant earnings recorded by the Nigerian financial institution in the current fiscal year.
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Business · Leadership News ·
NISO Imposes Load Shedding After Egbin’s Total Generation Collapse
The Nigeria Independent System Operator has implemented load shedding following a total collapse in power generation at the Egbin Power Plant. This measure aims to stabilize the national grid and manage electricity distribution across the country after the facility experienced a significant loss in output capacity.
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Business · PM News ·
Relief for airline operators as Dangote refinery slashes jet fuel price to ₦1,820 per litre
Dangote Refinery has reduced the price of aviation fuel to ₦1,820 per litre, providing financial relief for Nigerian airline operators. This price adjustment aims to lower operational costs within the aviation sector as the refinery continues to increase its domestic production and supply capacity across the country.
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Business · Daily Post ·Blackout looms in Lagos as Egbin power station shuts down
Lagos State faces a potential electricity outage following the shutdown of the Egbin power station. As Nigeria's largest thermal power plant, the facility's closure is expected to significantly reduce power supply to the metropolitan area and affect the national grid until operations are restored.
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Business · Nairametrics ·
NGX Group shareholders call for sustained performance, tighter market surveillance at AGM
During the Nigerian Exchange Group Annual General Meeting, shareholders urged the organization to maintain its current growth trajectory and financial performance. Investors emphasized the need for stricter market surveillance to ensure transparency and stability. The meeting highlighted the importance of regulatory oversight in sustaining investor confidence and protecting the integrity of the capital market.
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Business · BusinessDay ·TheNiche Lecture: Alex Otti delivers the home truth on Nigeria’s economy
Governor Alex Otti recently addressed the state of Nigeria’s economy during TheNiche Lecture. The presentation focused on the structural fiscal challenges facing the nation and provided an assessment of prevailing economic realities. Otti shared insights on governance and suggested pathways for potential recovery within the current Nigerian financial and political landscape.
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Business · BusinessDay ·Cutix PLC rewards highly performed distributors with car, other items, certificates
Cutix PLC has presented various rewards to its top-performing distributors in recognition of their contributions to the company's growth. The incentives provided included a motor vehicle, household items, and certificates of achievement. These rewards serve as formal acknowledgement for the distributors' roles in maintaining the company's market position and sales performance.
Nigerian News
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