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in BusinessNigerians’ Personal Loans Hit ₦2.06tn as Borrowing Rises Amid Cost-of-Living Pressure
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Personal loans obtained by Nigerians reached an estimated ₦2.06 trillion in May 2026, as consumer credit continued to expand amid persistent economic pressures and subdued consumer spending, according to the Central Bank of Nigeria (CBN). The figure represents the outstanding balance of personal […] More
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Chowdeck Rider’s Alleged ₦48,000 Daily Earnings Spark Tipping Backlash
A viral screenshot allegedly showing a Chowdeck rider earning about ₦48,000 a day and more than ₦340,000 in a week has triggered a heated debate among Nigerians over delivery rider earnings and tipping. The records have not been independently verified, while Chowdeck says its average rider earns about ₦100,000 weekly. More
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Nigerian Banks Shut 476 Branches and Cash Centres in Three Years — CBN
Nigerian banks recorded a net reduction of 476 branches and cash centres between 2022 and 2025 as customers increasingly shift towards digital and alternative banking channels. More
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in Business
MTN Nigeria Crosses 100 million Active Lines, Becomes First Local Telco to Hit Milestone
MTN Nigeria has crossed 100 million active lines for the first time, reaching 100.86 million in July 2026, according to NCC data. More
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in Business
FG Unlocks $700m Cabotage Fund, Offers Nigerian Shipowners Up to $25m Each
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal Government has moved to unlock Nigeria’s long-delayed Cabotage Vessel Financing Fund (CVFF), offering qualified Nigerian shipowners access to loans of up to $25 million each to acquire vessels and expand indigenous participation in the country’s maritime industry. Minister of Marine and […] More
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in Business
Nigeria’s Trade Hits ₦41.44tn in Q2 as Surplus Soars to ₦12.60tn — NBS
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigeria’s total merchandise trade climbed to ₦41.44 trillion in the second quarter of 2026, as a sharp rise in exports pushed the country’s trade surplus to ₦12.60 trillion, according to the National Bureau of Statistics (NBS). The latest figures show a stronger external […] More
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in Business
Dangote Signs ₦2.15tn Refinery IPO, Says Drivers and Cooks Can Now Own a Stake
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Billionaire industrialist Aliko Dangote has signed the official documents for the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, describing the share sale as an opportunity for ordinary Nigerians, including drivers, cooks and other workers, to become part-owners of the […] More
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in Business
Air Peace Flights Grounded in Lagos, Abuja as Unions Shut Terminals Over ₦25bn Claim
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Air Peace flight operations were thrown into disruption on Tuesday after aviation labour unions shut down parts of the airline’s operations at the Murtala Muhammed Airport in Lagos and the Nnamdi Azikiwe International Airport in Abuja, leaving passengers stranded and triggering a fresh […] More
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in Business
Economic Summit: Future Generations’ Prosperity Is Our Goal – Oborevwori
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Delta State Governor, Sheriff Oborevwori, on Wednesday declared that his administration’s drive to diversify the state’s economy is aimed at securing prosperity of future generations. Speaking while receiving a delegation of Brazilian and Malaysian investors who paid him a courtesy visit after inspecting […] More
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in Business
Dangote Seals $800 Million Deal with Chinese Engineering Giant to Double Ogun Cement Plant Capacity
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Dangote Industries Limited has taken another major step toward expanding Nigeria’s industrial capacity after signing a landmark Memorandum of Understanding (MoU) worth over $800 million with China’s Sinoma International Engineering Co. Ltd. to significantly expand its cement manufacturing operations in Itori, Ogun State. […] More
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in Business
Nigeria Awards 37 Oil Blocks in Major 2025 Licensing Round as Investors Move Into Untapped Frontier Basins
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigeria has awarded 37 oil and gas blocks to successful bidders in its 2025 Licensing Round, marking a major milestone in the country’s efforts to attract investment, expand exploration and unlock new hydrocarbon reserves. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that […] More
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in Business
SUMMIT: Delta To Leverage Its Huge Infrastructure, Blue Economy, Special Economic Zone In Attracting Investments
Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Delta State is positioning itself as Nigeria’s emerging investment hub by relying on its massive infrastructure development, abundant natural resources, reliable power supply and strategic maritime assets, the Secretary to the State Government (SSG), Dr. Kingsley Emu has said. Speaking during a press […] More
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