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Business · Daily Post ·Leadership crisis rocks Lagos TUC over delegates’ conference
The Lagos State chapter of the Trade Union Congress is currently facing an internal leadership crisis stemming from disagreements over its delegates’ conference. This dispute has disrupted the administrative stability of the labor union as members contest issues related to the transition of power and the electoral process within the organization.
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Business · Nairametrics ·NGX: Foreign investor participation surge 107.7% to N288.82 billion in March 2026
Foreign portfolio investment on the Nigerian Exchange experienced a significant increase of 107.7 percent in March 2026. Total foreign participation reached N288.82 billion during the period, reflecting a substantial rise in international investor interest and activity within the local equity market compared to previous figures.
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Business · Nairametrics ·
Naira weakens to N1,383/$ amid further reserves drop in April 2026
The Nigerian Naira depreciated to N1,383 per US Dollar in April 2026 as national foreign exchange reserves continued to decline. This movement in the currency market reflects ongoing pressure on the country's external buffers, marking a significant valuation shift during the period under review.
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Business · BusinessDay ·Embedding ESG in corporate DNA
Nigerian companies are increasingly being encouraged to integrate Environmental, Social, and Governance principles into their core operations. This shift aims to move ESG from a mere compliance requirement to a fundamental aspect of corporate strategy, ensuring long-term sustainability and better stakeholder engagement across various sectors of the national economy.
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Business · The Punch ·N1m wage useless if naira remains weak — Ajaero
Nigeria Labour Congress President Joe Ajaero has stated that a significantly higher national minimum wage will not benefit workers unless the naira is stabilized. He noted that currency devaluation undermines the purchasing power of salary increases, suggesting that economic stability is essential for the effectiveness of new wage policies.
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Business · Leadership News ·
Gov Yahaya Takes Investment Drive To Continental Stage In Tunis
Governor Yahaya has extended his administration's investment promotion efforts to an international forum in Tunis, Tunisia. The governor is engaging with continental stakeholders to highlight economic opportunities and attract foreign direct investment. This initiative is intended to foster sustainable growth and create new industrial partnerships within his state through strategic global cooperation.
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Business · Nairametrics ·
UBA reports 21% decline in profit to N161 billion in Q1 2026
United Bank for Africa recorded a 21 percent decrease in profit for the first quarter of 2026, totaling N161 billion. The financial results released by the institution indicate a downward trend in profitability compared to previous reporting periods, highlighting current performance metrics within the Nigerian banking sector.
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Business · BusinessDay ·The journey to financial independence through financial literacy
Financial literacy is highlighted as a critical tool for Nigerians seeking to achieve long-term financial independence. The process involves understanding personal finance management, investment strategies, and budgeting techniques to build sustainable wealth and navigate economic challenges within the country's evolving financial landscape.
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Business · Nairametrics ·
GTCO reports N303 billion profit in Q1 2026 on strong interest income
Guaranty Trust Holding Company recorded a profit of N303 billion for the first quarter of 2026. This financial result was driven by strong interest income, reflecting the institution's performance in the banking sector during the three-month period ending in March 2026.
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Business · Nairametrics ·
Cooking gas prices jump as 5kg hits N7,655 in March 2026
The price of liquefied petroleum gas, commonly referred to as cooking gas, recorded an increase in Nigeria. Recent market data shows that the average cost for refilling a 5kg cylinder reached N7,655 in March 2026, highlighting the rising expenditure for domestic fuel across the country.
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Business · Daily Post ·CBN’s proposed N1,500 ATM card issuance fee sparks backlash from Nigerians, financial experts
The Central Bank of Nigeria faces criticism from citizens and financial analysts following a proposal to set the issuance fee for ATM cards at N1,500. Stakeholders argue that the significant increase from previous rates could impose a financial burden on bank customers while potentially hindering the country's financial inclusion objectives.
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Business · Leadership News ·
NESREA Seals 30 Abuja Construction Sites Over Environmental Violations
The National Environmental Standards and Regulations Enforcement Agency has sealed thirty construction sites in Abuja due to breaches of environmental regulations. These actions are part of a compliance monitoring exercise aimed at ensuring developers adhere to national standards and protect the environment during building projects within the Federal Capital Territory.
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Business · Leadership News ·
We’ll See How Jet Fuel Price Cap Plays Out – Airline Operators
Nigerian airline operators are monitoring the implementation of a price cap on aviation fuel to evaluate its impact on their services. The group is waiting to see how the government's intervention affects the market and their operational costs as they navigate current economic challenges within the aviation sector.
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Business · ThisDay ·
BUA Cement Splashes N4.5bn on Distributors
BUA Cement has allocated 4.5 billion Naira to reward its distributors for their performance and contribution to the company's market growth. This initiative is part of the organization's efforts to strengthen its distribution network and recognize the role of key stakeholders within the Nigerian building materials sector.
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Business · ThisDay ·
NUPRC Board Chair, Others Assume Duty, Pledge Improved Oversight
The newly appointed Board Chairperson and other members of the Nigerian Upstream Petroleum Regulatory Commission have officially assumed their roles. During the commencement of their duties, the board members committed to enhancing oversight functions within the country's oil and gas sector to ensure better performance and transparency in line with their regulatory mandate.
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Business · ThisDay ·
UAE Quits OPEC in Major Blow to Global Oil Producers’ Group
The United Arab Emirates has withdrawn its membership from the Organization of the Petroleum Exporting Countries. This exit poses a substantial challenge to the global oil alliance, potentially impacting collective production strategies and market stability as one of the major producers departs from the international group.
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Business · ThisDay ·
NCAN Kicks Against Raw Cashew Export Ban, Says Policy Risks 5m Jobs
The National Cashew Association of Nigeria has expressed opposition to a proposed ban on raw cashew exports, warning that the policy could lead to the loss of five million jobs. The association highlights potential negative impacts on the agricultural sector and the broader economy should the federal government proceed with the export restriction.
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Business · ThisDay ·
FG, Delborough Sign Agreement on Construction of Seven-star Hotel in Abuja
The Federal Government and Delborough have signed a formal agreement for the construction of a luxury seven-star hotel in Abuja. This project aims to significantly upgrade Nigeria's hospitality infrastructure in the capital city. The partnership represents a major investment initiative focused on expanding the high-end tourism and real estate sectors through collaborative development.
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Business · ThisDay ·
PTAD Disburses N1.73 Billion to Pensioners Under Defined Benefit Scheme
The Pension Transitional Arrangement Directorate has released 1.73 billion Naira for the payment of outstanding benefits to pensioners under the Defined Benefit Scheme. This disbursement covers various categories of pension arrears and monthly entitlements for eligible retirees across Nigeria, providing financial support to former public service employees.
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Business · ThisDay ·
EFCC Witness: How Union Bank Kept N51bn from Arik Loan Transaction
An Economic and Financial Crimes Commission witness has testified regarding Union Bank's retention of 51 billion Naira from a loan transaction involving Arik. The testimony provides details on how the funds were managed following the credit arrangement, highlighting discrepancies in the financial dealings currently under investigation by the anti-graft agency.
Nigerian News
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