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Airfares hold steady as new airlines offset jet fuel price surge
The influx of new carriers into Nigeria’s aviation sector has triggered a surge in competition, keeping airfares stable across local destinations despite a sharp rise in the price of aviation fuel. A wave of new airlines has emerged in recent months, including Pioneer Airlines, backed by the Bayel...
David Mark leads ADC opposition charge for 2027, despite hurdles
…ratifies new manifesto, constitution …British, Chinese envoys attend convention In a defining moment for Nigeria’s growing opposition, the national convention of the African Democratic Congress (ADC) in Abuja on Tuesday transformed into a high-stakes summit of political heavyweights, ...
Paddy rice price slump disrupts farming cycle
…farmers struggle to sell …2026 rice output seen shrinking Nigerian rice farmers are scaling back their plans for the 2026 planting season as paddy price slumps, high production costs, and a struggling milling industry squeeze their margins. The price of a ton of paddy has slumped 51 percent to ...
Oil gains won’t shield Nigeria, IMF warns
…cuts Nigeria’s growth to 4.1 percent in 2026 The International Monetary Fund (IMF) trimmed Nigeria’s 2026 growth outlook to 4.1 percent from 4.4 percent on Tuesday, warning that even a rally in oil prices won’t be enough to insulate the country from wider global volatility. While th...
Analysts see inflation rising as Iran war ripples through fuel, food
Nigeria’s inflation is expected to rise in March ahead of its publication tomorrow, triggered by the escalating United States-Iran war, which has since rippled through global energy markets, analysts surveyed by BusinessDay said. The projected rise in prices will end the 11 consecutive months of d...
EFCC warns banks against unsecured lending, flags insider abuse risks
The Economic and Financial Crimes Commission (EFCC) has cautioned Nigerian banks against granting loans without credible collateral.
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BIC Miss Soleil, HERtitude 2026 partner to celebrate confidence, self-expression among young women
BIC Miss Soleil, women’s shaving range from BIC, has reaffirmed its commitment to empowering women to feel confident and comfortable in their own skin through its partnership with HERtitude 2026, one of the leading cultural platforms celebrating modern African women. Held in Lagos annually, HERtit...
Over 2,000 people benefit from EMT Foundation’s free medicals
In furtherance of its relentless drive towards assisting the needy at the grassroots, the Esther Matthew Tonlagha Foundation at the weekend rounded off a ‘5-Day Free Medical Check Up and Eye Surgery’ programme in Oporoza, Gbaramatu Kingdom, Delta State, with over 2,000 people from many communiti...
Queiroz to lead Ghana at 2026 World Cup
The Ghana Football Association (GFA) has confirmed the appointment of former Manchester United manager Carlos Queiroz as national team head coach ahead of the 2026 FIFA World Cup. The 73-year-old Portuguese replaces Otto Addo, who was sacked on March 31 following disappointing results, including fri...
Explainer: Why car financing remains out of reach for most Nigerians
Owning a car in Nigeria through financing schemes remains out of reach for millions of Nigerians, as rising vehicle prices, high interest...
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Nigeria turns wealthy lifestyle habits into tax funnel
Wealthy Nigerians are now the primary focus of a data-intensive monitoring system designed to shore up public revenue. The taxman is no longer taking declarations at face value; instead, authorities are leveraging digital footprints, luxury purchases and lifestyle audits, tracking everything from ba...
FG faces fiscal pressure as electricity subsidy jumps threefold
…Hits N1.9 trillion in 2025 The federal government is facing mounting fiscal pressure after electricity tariff subsidies surged nearly threefold in two years, from N610 billion in 2023 to N1.92 trillion in 2025, as the gap between the true cost of power and what consumers actually pay continues to...
NRS, 10 others join corporate exodus from national grid
At least 11 more top companies in Nigeria have abandoned the national grid to generate their own power, as the electricity crisis in Africa’s most populous nation continues to bite into production costs and inflate energy bills, new regulatory data shows. Recent data from the Nigerian Electric...
ADC convention move carries high stakes for 2027 elections
Observers say the decision of the African Democratic Congress (ADC) to proceed with its national convention despite the Independent National Electoral Commission (INEC) refusal to recognise the David Mark leadership sets the stage for a deepening internal crisis that could weaken the party ahead of ...
Iheanachor urges African businesses to build scalling strategy
…as Pan Atlantic University holds 22nd inaugural lecture In an environment defined by weak institutions and market inefficiencies, Nkemdilim Iheanachor, professor of strategic management at Pan-Atlantic University, argues that African firms can gain an edge by deliberately building strategies that...
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