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Business · Daily Trust ·Fuel: From N2.1m in January, we now spend N7.6m on every flight – Ibom Air
The management of Ibom Air has disclosed a massive surge in aviation fuel expenses, reporting that the cost to fuel a single flight increased from 2.1 million Naira in January to 7.6 million Naira. The significant rise reflects the escalating operational costs currently affecting the Nigerian aviation sector.
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Business · The Punch ·NGX extends trading hours, market now closes at 4pm
The Nigerian Exchange Group has announced an extension of its daily trading hours. With this new operational schedule, activities on the stock market will now conclude at 4:00 PM. The adjustment alters the daily closing time, allowing market participants an extended window to conduct their financial transactions.
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Business · BusinessDay ·Meet Nabilah Sani-Mohammed, the amazon bridging Nigeria’s energy gap with private capital
Nabilah Sani-Mohammed is leading initiatives to address Nigeria's ongoing energy deficit through the strategic use of private capital. Her work focuses on attracting and deploying private investments to improve the nation's energy infrastructure and provide more reliable power solutions.
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Business · BusinessDay ·Shareholders cheer Nigerian Breweries on strong recovery, improved profitability
Shareholders of Nigerian Breweries have expressed satisfaction with the company's recent financial performance, highlighting its strong recovery and enhanced profitability. The positive reaction follows the brewing company's ongoing efforts to stabilize operations and improve financial returns for its investors.
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Business · The Punch ·
Fires destroy ₦500m onion stocks in Sokoto
Multiple fires in Sokoto State have completely destroyed onion stockpiles valued at five hundred million naira. The incidents have caused substantial financial losses within the local agricultural sector, wiping out a significant portion of the region's commercial produce and affecting local investments.
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Business · BusinessDay ·Nigeria is producing graduates faster than it produces jobs. The gap is not a talent deficit. It is a policy failure
Nigeria currently produces graduates at a significantly faster rate than it creates employment opportunities. BusinessDay reports that this widening unemployment gap stems primarily from systemic policy failures rather than any lack of talent or skills among the nation's young workforce.
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Business · Channels TV ·
Nigeria’s External Reserves Reverse Earlier Gains
Nigeria's external reserves have experienced a recent decline, effectively wiping out the positive growth recorded in previous periods. Financial indicators show a downward trend in the country's foreign exchange buffers, reversing the earlier upward momentum.
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Business · BusinessDay ·Nigeria’s private sector faces demand strain, cost pressures in 2026 outlook
Projections for Nigeria's private sector in 2026 indicate significant economic challenges. Businesses are expected to experience a strain on consumer demand alongside rising operational costs. These combined pressures highlight ongoing difficulties within the national commercial landscape as companies navigate future financial forecasts.
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Business · BusinessDay ·FG import policy to ease AfCFTA implementation — Don
An academic expert has indicated that the Nigerian Federal Government's recent import policy will facilitate the smoother implementation of the African Continental Free Trade Area agreement. The adjustment in trade regulations is anticipated to support the nation's participation and integration into the broader continental economic framework.
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Business · Leadership News ·
Eno Advocates Independent Businesses To Reduce Akwa Ibom Unemployment
Umo Eno is encouraging the establishment of independent businesses as a strategy to combat unemployment in Akwa Ibom. By promoting entrepreneurship and private enterprises, the advocacy aims to create more job opportunities and foster economic growth within the state.
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Business · Leadership News ·
Marine Firm Slams N771m Suit On AGF, Navy, Others Over Damaged Vessel
A maritime firm has filed a 771 million Naira lawsuit against the Attorney General of the Federation, the Nigerian Navy, and other unnamed defendants. The legal action was initiated to seek financial compensation for damages allegedly inflicted upon a marine vessel owned by the company.
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Business · Vanguard ·How to Estimate Demand Before Launching a Product (Using Public Traffic Data)
Entrepreneurs and businesses can utilise public traffic data to evaluate potential market demand prior to introducing a new product. Analysing these available digital metrics allows creators to assess consumer interest and product viability, effectively guiding their strategic planning and reducing risks associated with upcoming market launches.
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Business · BusinessDay ·She means Business
A recent publication highlights the professional journey and impact of a prominent female leader within the corporate sector. The profile examines her strategic approach, leadership initiatives, and broader contributions to the commercial landscape, underscoring her commitment to achieving substantial economic and organizational goals.
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Business · Nairametrics ·
Nigeria’s external reserves fall $731 million in April drawdown
Nigeria recorded a decline in its external reserves, which decreased by $731 million during a drawdown in the month of April. The reduction highlights a measurable drop in the national foreign exchange buffers over this period, according to financial news platform Nairametrics.
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Business · BusinessDay ·Awash Bank lists on Ethiopia’s ESX, becoming third lender on Africa’s youngest bourse
Awash Bank has completed its listing on the Ethiopian Securities Exchange. Consequently, the institution is now the third lender to join Africa's newest stock market. The inclusion of Awash Bank marks another step in the operational rollout of the recently established Ethiopian financial bourse.
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Business · The Punch ·
Oil rises, stocks swing as peace talk hopes wobble
Oil prices have experienced an upward trend while stock markets are displaying volatility. These financial market fluctuations are directly tied to diminishing optimism and growing uncertainty regarding the progress and potential success of ongoing peace negotiations.
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Business · BusinessDay ·Aviation crisis looms as ground handlers issue 24-hour strike warning over N9bn debt
Ground handlers in the Nigerian aviation sector have issued a 24-hour strike notice over an outstanding debt of nine billion naira. If the financial dispute is not resolved promptly, the impending industrial action threatens to cause widespread disruptions and trigger a significant crisis across the aviation industry.
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Business · Daily Post ·BUA Cement rewards top distributors at 2025 Distributors’ Awards
BUA Cement has formally recognized and rewarded its top-performing distributors during the recently concluded 2025 Distributors' Awards. The corporate event was organized to celebrate and compensate the highest-achieving partners responsible for distributing the manufacturer's cement products across various operational regions.
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Business · Nairametrics ·
What Taiwo Oyedele believes Nigeria has been getting wrong, and whether he can prove it
Fiscal policy expert Taiwo Oyedele outlines specific areas where Nigeria's economic and governance strategies have previously failed. An evaluation of his perspective explores the systemic issues he identifies and assesses the evidence he provides to substantiate his claims about the nation's historical missteps.
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Business · Channels TV ·Lagos Signs 60MW Power Purchase Agreement With Three Firms
The Lagos State Government has entered into a power purchase agreement with three firms to secure sixty megawatts of electricity. This recent development highlights ongoing efforts by state authorities to acquire necessary energy resources through corporate partnerships.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.