Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has suspended the enforcement of the $30 helicopter landing fees for oil companies operating in the country and also directed the Federal Airports Authority of Nigeria (FAAN) to implement hybrid toll payment method at airports. This decision to suspend the landing fees follows concerns raised by…
President Bola Tinubu has finally approved a targeted fiscal incentive designed to unlock the long awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project. This presidential nod is coming after 18 years of deadlock. With the approval, the Bonga Southwest project becomes the first FID on a Nigeria deepwater Production Sharing…
As part of its Kuda for Her campaign for this year’s Women’s Month, Kuda Microfinance Bank (MfB) is inviting Lagos-based women entrepreneurs in the food and hospitality sector to pitch their businesses for a chance to receive ₦1 million in funding. The Kuda for Her Pitch Challenge, which launched on March 10, 2026, will award…
Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), known as petrol and Automotive Gas Oil (AGO), also known as diesel. Under the new pricing regime, the gantry price of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a reduction of ₦100. The coastal price has also…
Central Bank of Nigeria (CBN) has issued new guidelines that will require banks and other financial institutions to deploy automated systems to detect and report suspicious transactions as part of efforts to strengthen the fight against money laundering and terrorism financing. In the circular issued by the regulator, it said the standards are meant to…
Leading provider of consumer and business financing solutions in Nigeria, Zedvance Finance Limited, said it has disbursed over ₦96 billion in funding to support commercial businesses across the country, establishing its strong positioning beyond retail lending and reinforcing its commitment to bridging the gap between enterprise growth and access to timely financing solutions. It said…
STAKEHOLDERS in the rubber market in Nigeria are pushing to reposition the market to make it contribute significantly to the nation’s gross domestic product (GDP). The stakeholders which include Chairman, Board of Trustees of the Federation of Agricultural Commodity Associations of Nigeria (FACAN), Dr. Victor Iyama, Director-General the Raw Materials Research and Development Council (RMRDC),…
African carriers have come under growing pressure as commoditisation, digitisation and intensified competition are reshaping the industry faster than the dot‑com era, PwC report has noted. This accelerating change across the industry is a clear signal that reinvention can’t wait, report, entitled: ‘Reinventing Telecoms: Beyond the Buzzwords’, noted. The report said across the continent, leading…
Africa’s global bank, United Bank for Africa (UBA) Plc, is set to host a special edition of its impactful quarterly UBA Business Series, which be specifically focused on celebrating and empowering the modern woman with the theme: “gen w – ‘The Evolved Woman’. The session, which is scheduled to hold on Wednesday, March 12, 2026…
