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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.
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Business · The Punch ·Don links economic growth to fintech, informal systems
An academic expert has highlighted the significant role of financial technology and informal systems in fostering national economic growth. The perspective suggests that integrating these sectors is essential for driving sustainable development and enhancing financial inclusion within the broader Nigerian economic landscape.
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Business · Premium Times ·NGX transacts 4.842bn shares worth N287.8bn
The Nigerian Exchange recorded the transaction of 4.842 billion shares valued at N287.8 billion during a recent trading period. This performance reflects the scale of equity exchange activities on the local bourse as investors traded various securities. The data highlights significant market turnover and participation within the Nigerian capital market environment.
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Business · Daily Trust ·
Jet fuel hike: FG will support airlines participating in 2026 hajj – NAHCON
The National Hajj Commission of Nigeria has announced that the Federal Government will provide support to airlines participating in the 2026 Hajj exercise. This intervention is intended to help carriers manage the rising cost of aviation fuel and ensure the smooth transportation of pilgrims during the annual religious event.
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Business · ThisDay ·
Stakeholders Call for Structured Diaspora Remittances to Improve Local Economy
Financial stakeholders have urged the federal government to establish a more structured framework for diaspora remittances to strengthen the local economy. They believe that better management of these funds will improve foreign exchange liquidity and support sustainable economic growth through strategic investments in various sectors.
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Business · Leadership News ·
May Day: Fuel Hikes, Inflation Deepening Poverty Among Nigerian Workers — NHRC
The National Human Rights Commission reports that rising fuel prices and high inflation rates are significantly increasing poverty levels among workers in Nigeria. These economic challenges were highlighted during May Day, emphasizing the difficult financial circumstances currently faced by the nation's workforce due to the rising cost of living.
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Business · Nairametrics ·
Okomu Oil grows Q1 profit to N34 billion as sales jump
Okomu Oil recorded a profit of N34 billion for the first quarter of the year, following a significant increase in sales. The financial performance highlights a period of growth for the Nigerian agro-industrial firm, driven by higher revenue figures. These results indicate a strong start to the fiscal year for the company’s operations.
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Business · Leadership News ·
How Oborevwori’s MORE Agenda Is Attracting Local, Foreign Investors
Governor Oborevwori's MORE Agenda is reportedly driving economic growth in Delta State by drawing both domestic and international investments. The strategic framework focuses on infrastructure development and policy reforms designed to create a conducive environment for business operations, resulting in increased interest from various global and local corporate entities.
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Business · Nairametrics ·
Presco’s profit jumps 57.4% to N178 billion FY2025 on sales growth
Presco PLC reported a 57.4% increase in profit, reaching N178 billion for the 2025 financial year. This significant growth was primarily driven by strong sales performance throughout the period. The company's financial results reflect a substantial year-on-year improvement in its overall profitability and market position.
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Business · PM News ·
FirstBank Confirms Ijabiyi as Group Head, Marketing, Corporate Communications
FirstBank has officially confirmed the appointment of Ijabiyi as the Group Head of Marketing and Corporate Communications. The executive is tasked with leading the bank's strategic brand management and communication initiatives, reflecting a key update to the financial institution's senior leadership team within the Nigerian banking sector.
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Business · Nairametrics ·
Cheapest and most expensive states to be a worker in Nigeria
An analysis of economic data identifies significant variations in the cost of living for employees across different Nigerian states. The report details which regions are currently the most expensive for workers and which offer the lowest living expenses, providing a comparative look at regional affordability and economic conditions nationwide.
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Business · BusinessDay ·Linkage Assurance delivers 748% profit surge Q1 despite tough operating environment
Linkage Assurance reported a 748 percent increase in profit during the first quarter, notwithstanding a challenging economic climate. The insurance firm achieved this significant financial growth despite the difficult operating environment currently affecting the Nigerian business landscape, marking a substantial improvement in its quarterly earnings performance.
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Business · Vanguard ·May Day: Labour rejects growth claims, says economy favors 1% as millions suffer
During May Day celebrations, organized labor in Nigeria rejected government assertions of economic growth. Union representatives stated that the current economic environment primarily benefits a small percentage of the population while millions of citizens continue to experience significant hardship and poverty under the nation's existing financial framework.
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Business · BusinessDay ·Apple’s $111bn quarter fueled by 28% China surge
Apple reported record quarterly revenue of $111 billion, significantly driven by a 28 percent growth in sales within the Chinese market. This financial performance underscores the company's strong international expansion and robust demand for its products, contributing to its overall fiscal success during the period mentioned.
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