Blog

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
Business

Court orders MTN, Airtel to restore airtime borrowing services

The Federal High Court have issued interim injunctions restoring airtime lending services and blocking the enforcement of contested regulations introduced by the Federal Competition and Consumer Protection Commission. The FCCPC had rolled out the controversial Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations in 2025, triggering the legal challenge. The rulings, delivered in Lagos and […]

Business

Manufacturers lament low export share despite ₦85trn total exports

Manufacturers in Nigeria have lamented the persistently low contribution of manufactured goods to the nation’s export basket despite a rise in total exports in 2025, warning that structural bottlenecks continue to undermine the country’s competitiveness in the global market. Vanguard reported that exporters under the Manufacturers Association of Nigeria Export Promotion Group disclosed that although […]

Policy and Regulations

2026 tariff amendments to boost domestic manufacturing growth — CPPE

The 2026 Fiscal Policy measures and Tariff Amendments recently approved by the Federal Government will engender a boost in domestic manufacturing and import substitution in the country, the Centre for the Promotion of Private Enterprise has stated. The measures include revisions to the Import Adjustment Tax covering 192 tariff lines, selective import restrictions, tariff reductions […]

Business

FG unveils AfCFTA toolkits to streamline trade processes

The Federal Government has unveiled simplified guidebooks and toolkits to strengthen Nigeria’s engagement in the African Continental Free Trade Area streamline trade processes, and drive non-oil export growth. Published in English, Arabic, and Hausa, the materials are intended to deepen inclusivity and equip Nigerian businesses to tap into opportunities across the continental market. The Minister […]

Finance

CBN maintains forex restrictions on BDCs over compliance concerns

The Central Bank of Nigeria has maintained restrictions on Bureau De Change operators’ access to the official foreign exchange market, citing concerns over control and past abuses. This is based on insights from forex traders and market operators who spoke to Nairametrics. The development highlights the apex bank’s continued preference for bank-led FX distribution amid […]

Tech

Meta inks deal to keep solar farms running overnight

Meta has signed an agreement with energy startup Overview Energy in a move that signals an ambitious push to secure round-the-clock electricity supply for artificial intelligence infrastructure, according to people familiar with the arrangement. The deal could see as many as 1,000 satellites deployed to transmit infrared light to solar farms, enabling them to continue […]

Pensioners lament FG’s decision to scrap PTAD
Business

PTAD completes final payment of N32,000 pension increment arrears

The Pension Transitional Arrangement Directorate has announced that it has disbursed the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme. This was contained in a statement released on Monday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi. According to the agency, the payment completes all outstanding […]

featured Finance

Naira trades at ₦1,360/$ in official FX market

The Naira maintained a steady yet cautious position against the United States Dollar as the market opened for trading today, Tuesday, April 28, 2026. Financial analysts are observing localised fluctuations in liquidity across both the official Nigerian Foreign Exchange Market and the parallel market segments. In the early trading hours of the official window, the […]

Aviation

FG orders 30-day credit for airlines amid aviation fuel crisis

To tackle Nigeria’s worsening jet fuel shortage and price surge, the Federal Government has asked marketers to grant airline operators a 30-day credit window and sell aviation fuel directly to them. The development is sequel to a series of high-level engagements convened by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following an earlier meeting […]

featured Oil and Gas

Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals

A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and diesel it supplies to the Nigerian market. According to the official, who spoke to The PUNCH in confidence due to the lack of authorisation to speak, the company’s N1,200 per litre ex-depot price […]