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Business · Daily Post ·Ikeja Electric blames reduced grid allocation for Lagos power outages
Ikeja Electric has attributed the recent power outages across various parts of Lagos State to a reduction in electricity allocation from the national grid. The distribution company noted that the current supply levels from the transmission network are insufficient to meet the energy demands of its customers, leading to service disruptions in affected areas.
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![[VIDEO] Enterprise, Business Only Way To Develop Nigeria, Africa — Reel Fruit CEO](https://www.channelstv.com/wp-content/uploads/2026/05/uy0ksdwqvo8.jpg)
Business · Channels TV ·[VIDEO] Enterprise, Business Only Way To Develop Nigeria, Africa — Reel Fruit CEO
The Chief Executive Officer of Reel Fruit identifies private enterprise and business growth as the primary mechanisms for advancing development within Nigeria and the broader African continent. The executive advocates for the prioritization of the business sector to stimulate economic progress and address systemic regional challenges through sustainable commercial initiatives.
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Business · Nairametrics ·Zenith Bank posts N360.9bn Q1 2026 profit as revenue hits N1trn
Zenith Bank has reported a profit of 360.9 billion Naira for the first quarter of 2026. The financial institution achieved this milestone as its total revenue reached 1 trillion Naira during the same period. These figures reflect the bank's performance metrics and market position within the Nigerian banking sector.
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Business · ThisDay ·
Sir Anthony Ezenna: A Beacon of Character, Capacity and Social Entrepreneurship
Sir Anthony Ezenna is recognized for his leadership qualities and contributions to the Nigerian business landscape through social entrepreneurship. As a prominent industrialist, he is noted for his professional integrity and commitment to community development. This profile highlights his role as an influential figure in the nation's economic and social sectors.
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Business · PM News ·
Why traditional payment companies are adopting stablecoins
Traditional payment providers are increasingly integrating stablecoins to enhance transaction efficiency and reduce cross-border settlement costs. By leveraging blockchain technology, these firms aim to provide faster, more secure payment options for users while adapting to the evolving digital financial landscape and maintaining competitiveness against emerging fintech solutions.
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Business · Nairametrics ·
Access Holdings Delivers Over ₦1 Trillion PBT, Signals Strategic Shift from Scale to Value
Access Holdings has reported a profit before tax exceeding ₦1 trillion, marking a significant financial milestone for the institution. The company announced a strategic transition from its previous focus on rapid expansion to prioritizing value creation. This shift aims to optimize existing operations and enhance returns for shareholders within the current economic landscape.
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Business · BusinessDay ·Abaribe tasks CITN to demand accountability of tax payments
Senator Enyinnaya Abaribe has called upon the Chartered Institute of Taxation of Nigeria to seek greater accountability regarding the utilization of tax revenues. The legislator emphasized that the institute should play a critical role in monitoring government spending to ensure that collected taxes are used effectively for the benefit of the public.
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Business · BusinessDay ·Royal Exchange’s turnaround gains traction as profit strengthens
Royal Exchange PLC is experiencing a successful recovery as its turnaround initiatives lead to increased profitability. The Nigerian financial services group has seen its profit strengthen, suggesting that strategic efforts to stabilize and grow the business are effectively gaining momentum within the current market environment.
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Business · BusinessDay ·Access Holdings crosses N1trn pre-tax profit
Access Holdings has achieved a significant financial milestone by surpassing the 1 trillion Naira mark in pre-tax profit. This performance highlights the group's growth and profitability within the Nigerian banking and financial services sector, reflecting strong revenue generation across its various business segments and operations.
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Business · Channels TV ·
Entrepreneurs Must Embrace Self-Mastery, Set Clear Goals To Succeed — Eniolorunda
Eniolorunda advises entrepreneurs to focus on self-mastery and the establishment of clear objectives to achieve business success. The recommendation emphasizes personal development and strategic planning as essential tools for navigating the challenges of the Nigerian entrepreneurial landscape and ensuring long-term growth.
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Business · The Punch ·FG to empower A’Ibom farmers under FarmerMoni initiative
The Federal Government is set to provide empowerment support to farmers in Akwa Ibom State under the FarmerMoni initiative. This program aims to enhance agricultural productivity and provide financial assistance to rural farmers, aligning with national efforts to ensure food security and improve the economic status of local producers.
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Business · Nairametrics ·
Abbey Mortgage Q1 2026 profit reaches N750 million, beats forecast
Abbey Mortgage Bank recorded a profit of N750 million during the first quarter of 2026, exceeding initial financial projections. The mortgage lender's performance indicates a strong start to the fiscal year, surpassing the targets set for the period as reported in its latest earnings statement.
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Business · Nairametrics ·
Dangote Sugar records N20.6 billion Q1 profit comeback
Dangote Sugar Refinery reported a profit of N20.6 billion for the first quarter of the year. This financial result represents a significant recovery for the company compared to previous performance levels. The growth highlights a positive start to the fiscal year for the Nigerian sugar producer as it navigates the current economic landscape.
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Business · Nairametrics ·
UBA Pushes Deeper Bank-Fintech Collaboration at pan African Conference
United Bank for Africa has advocated for increased partnership between traditional banking institutions and financial technology firms during a pan-African conference. The bank aims to strengthen the continent's financial ecosystem by leveraging the combined strengths of both sectors to drive innovation and improve financial service delivery across Africa.
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Business · Daily Post ·Adamawa workers demand minimum wage review
Public sector workers in Adamawa State have urged the government to review the existing minimum wage. The demand is part of ongoing discussions regarding labor welfare in the state, as employees seek improved pay structures to mitigate the impact of the current economic situation on their standard of living.
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Business · Nairametrics ·
Norrenberger set to launch Nigeria’s first ESG benchmark for corporate sustainability
Norrenberger is preparing to introduce Nigeria’s initial Environmental, Social, and Governance (ESG) benchmark aimed at measuring corporate sustainability. This initiative seeks to provide a standardized framework for evaluating the non-financial performance of companies, marking a significant milestone in the country's financial landscape and alignment with global investment standards.
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Business · BusinessDay ·Fresh echoes erupt over poor remittance of obligations to NDDC by IOCs, others
International Oil Companies and other stakeholders are facing renewed scrutiny over their failure to fully remit statutory financial obligations to the Niger Delta Development Commission. These concerns highlight ongoing challenges in funding infrastructure and development projects within the region as mandated by existing legislative frameworks governing the oil and gas sector.
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Business · BusinessDay ·Workers’ Day: Insecurity, inflation dominate talks as labour warns of deepening hardship
Nigerian labour unions marked Workers' Day by highlighting the negative impacts of rising inflation and insecurity on the national workforce. Organized labour leaders warned that these factors are causing significant economic hardship and called for immediate government action to stabilize the economy and improve security across the country.
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Business · Nairametrics ·
African airlines cargo grows 7% in March 2026—IATA
Data from the International Air Transport Association indicates that cargo volumes for African airlines increased by 7% in March 2026. This growth reflects the ongoing expansion of air freight operations across the continent, contributing to the overall performance of the global aviation industry during the first quarter of the year.
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Business · PM News ·
Lagos BDC Operator remanded over alleged ₦21m Fraud Scheme
A Lagos-based Bureau De Change operator has been remanded in custody over his alleged involvement in a twenty-one million naira fraud scheme. The court order follows legal proceedings initiated against the individual, who is accused of orchestrating the financial misconduct. He will remain detained pending further investigation and trial into the matter.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.