Business

The rhythm of Nigeria's business world
The National Identity Management Commission (NIMC) warns cyber cafes and businesses against unauthorized NIN card printing, stating it violates the NIMC Act. Security agencies have been alerted to arrest offenders. NIMC plans to launch an enhanced General Multi-Purpose Card (GMPC) as the only...
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that Benin and Togo owe Nigeria $8.84 million for electricity consumed in the fourth quarter of 2024. Despite some payments, overall remittances by international customers remain low, raising concerns over Nigeria's energy...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized depot owners for stockpiling petrol following Dangote Refinery’s suspension of naira sales. Amid rising fuel prices, IPMAN warns marketers against panic buying, as talks between the Federal Government and Dangote...
Air Peace is offering a 15% discount on economy-class tickets for students flying between Nigeria and London. Eligible students must provide a valid student ID, visa, and enrollment verification letter. The discounted tickets are non-transferable and non-refundable, with the promo running until...
Nigeria has announced a partnership with Egypt to learn from its successful power generation and transmission systems. The collaboration will focus on renewable energy, rural electrification, and stabilizing Nigeria’s power sector. In a bid to tackle Nigeria's ongoing energy challenges, the...
Five major Nigerian banks, including FirstHoldCo, Wema Bank, and Fidelity Bank, are advancing their recapitalization efforts to meet the CBN’s capital requirements. These initiatives aim to strengthen financial stability, boost investor confidence, and drive sector growth. Analysts predict...
The U.S. has terminated legal protections for over 500,000 Cuban, Haitian, Nicaraguan, and Venezuelan migrants, giving them 30 days to leave. The decision, part of Trump’s immigration crackdown, ends the CHNV program. Advocacy groups urge migrants to seek legal help as deportations loom, raising...
Nigeria has moved up one spot to 91st in the 2025 Henley Passport Index but still ranks among Africa’s least powerful passports. Despite visa-free access to 45 countries, travel challenges persist. Foreign Minister Yusuf Tuggar vows to improve Nigeria’s global standing, but social media...
Dangote Refinery has suspended the sale of fuel in Naira due to crude supply challenges, opting for dollar transactions. This shift may push fuel prices above N1,000 per litre. Experts warn of economic strain, urging the government to reinstate the Naira-for-crude policy to stabilize prices and...
Air Peace has reduced its London flight fares by ₦600,000 as part of a new promo, offering travelers significant savings and a free extra luggage allowance. The promo runs until March 31, with an extended travel period until April 15. The airline also rewarded lucky winners at a recent awards...
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