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Tinubu Approves 30% Debt Relief for Nigerian Airlines Amid Rising Fuel Costs

KEY POINTS The federal government approved a 30% reduction in debts owed by domestic airlines to aviation agencies. The move aims to support airlines grappling with a 300% surge in aviation fuel prices. Operators warn the sector remains under severe strain and are calling...
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APC Announces Timetable for 2027 Elections, Begins Sale of Nomination Forms April 25

KEY POINTS APC will begin selling nomination forms for the 2027 elections on April 25, with submission closing on May 4. Presidential aspirants are required to pay a total of N100 million for forms. The party will use a hybrid system of direct and...

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Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...
Business

Nigeria’s Textile Imports Surge 47 Percent as Revival Push Falters

Nigeria’s textile imports jumped sharply in 2025, exposing deep weaknesses in local production despite repeated government pledges to revive the once-thriving industry.
Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.
Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.
Business

BUA Awards $20.7 Million to 1,706 Employees for Long Service

BUA Group rewarded 1,706 long-serving employees with N30 billion in cash, underscoring Abdul Samad Rabiu’s people-first approach to corporate growth.
Business

Dangote Accuses Fuel Regulators of Undermining Refining Push

Aliko Dangote accuses Nigeria’s fuel regulators of undermining local refining, escalating a dispute over imports, transparency and energy policy direction.
Business

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.
Business

African Billionaires Step Into the Spotlight on Instagram

Africa’s wealthiest figures are cautiously embracing Instagram, using selective visibility to humanize power and redefine how influence works in a digital age.
Business

Chagoury Backs Lagos Luxury Market With ORCA Deco Mall

ORCA Deco Mall has opened in Eko Atlantic, betting on Lagos’ high-end consumers and marking a major vote of confidence in Nigeria’s retail future.
Business

Dangote Pledges Quarter of Fortune to Foundation

Aliko Dangote has committed 25 percent of his $30 billion fortune to his foundation, formalizing one of Africa’s biggest long-term philanthropic pledges.
Business

FCMB Group Posts Strong Nine-Month Results

FCMB Group reported strong nine-month 2025 results as profit, interest income, and digital revenues grew despite weaker non-interest gains.
Business

Nigeria Offers $50 Million Lithium Plant to Attract Global Miners

Nigeria offers $50 million lithium plant, duty waivers and security upgrades to lure miners, building processing clusters across multiple states.
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Tinubu Approves 30% Debt Relief for Nigerian Airlines Amid Rising Fuel Costs

KEY POINTS The federal government approved a 30% reduction in debts owed by domestic...
News

APC Announces Timetable for 2027 Elections, Begins Sale of Nomination Forms April 25

KEY POINTS APC will begin selling nomination forms for the 2027 elections on April...
News

Gunmen Strike Kwara Communities, Abduct Family of Three in Daylight, Kidnap 15 Overnight

KEY POINTS Gunmen abducted a family of three in a daytime attack in Kwara...
News

Boko Haram Threatens to Execute Captives as Mediator Decries Government Silence

KEY POINTS Boko Haram faction threatens to execute up to 20 of 416 captives...