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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.
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Business · Vanguard ·JET-A1: Middlemen defy regulator’s pricing band, raise price to N2,230/litre
Aviation fuel middlemen have disregarded official pricing guidelines set by regulators, increasing the cost of Jet-A1 to 2,230 Naira per litre. This defiance occurs despite established pricing bands intended to stabilize the market, potentially impacting operational costs for airlines within the Nigerian aviation sector.
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Business · ThisDay ·
UK Launches Creative Fund to Strengthen Nigeria’s Film, Fashion, Music Industries
The United Kingdom has launched a creative fund aimed at strengthening Nigeria's film, fashion, and music industries. This initiative focuses on providing financial support and resources to boost the creative economy, facilitating growth and development within these key artistic sectors through international cooperation.
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Business · ThisDay ·
Oando Receives NIPetE Officials, Says Localisation Key to Global Competitiveness
Oando recently hosted officials from the Nigerian Institute of Petroleum Engineers to discuss industry growth. The energy company emphasized that prioritizing local content and expertise remains a vital strategy for Nigerian firms to compete effectively within the global market.
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Business · ThisDay ·
PwC Report: Infrastructure Spending in Nigeria to Rise by 77% to $40bn by 2050
A report by PwC indicates that infrastructure spending in Nigeria is projected to grow by 77 percent, reaching a total of 40 billion dollars by 2050. This anticipated increase reflects significant long-term investment goals aimed at developing the nation's physical assets and supporting economic expansion over the coming decades.
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Business · ThisDay ·
Amid Tax Law Overhaul, CITN Tasks New Professionals on Stronger Fiscal Reform Compliance
The Chartered Institute of Taxation of Nigeria has urged newly inducted professionals to prioritize compliance with ongoing fiscal reforms. This directive comes as the federal government undertakes a comprehensive overhaul of the nation's tax laws, aiming to strengthen the regulatory framework and ensure transparency within the evolving Nigerian economic landscape.
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Business · The Punch ·Firms return to profit despite policy shifts – Report
A recent report reveals that several Nigerian companies have returned to profitability despite significant changes in economic policies. These firms have successfully navigated the shifting regulatory environment, indicating a level of resilience within the corporate sector amid ongoing fiscal adjustments and broader macroeconomic challenges facing the national economy.
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Business · The Punch ·
NEPC boss ties export future to female entrepreneurs
The Executive Director of the Nigerian Export Promotion Council has identified female entrepreneurs as a critical factor for the growth of the country's export sector. He emphasized their importance in driving economic diversification and increasing Nigeria's non-oil export earnings in the coming years.
Nigerian News
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