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Busines

Home Busines Page 9
Food Prices Increase Despite Inflation Declining
Posted inBusines

Food Prices Increase Despite Inflation Declining

The National Bureau of Statistics has revealed that although Nigeria's headline inflation rate decreased to 15.06 percent in February, monthly food inflation increased as a result of rising food commodity…
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Posted by Taiwo Ayomide March 17, 2026
OPay Introduces a Product to Refund Unauthorized Transactions
Posted inBusines

OPay Introduces a Product to Refund Unauthorized Transactions

XtraCova, a funds protection program that reimburses clients for confirmed fraudulent transactions, was introduced by OPay. According to a statement from the company, the solution supports Nigeria's shift to a…
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Posted by Taiwo Ayomide March 16, 2026
CBN Eliminates the Need for Affidavits to Reactivate Dormant Accounts
Posted inBusines

CBN Eliminates the Need for Affidavits to Reactivate Dormant Accounts

Customers are no longer required to provide affidavits in order to reactivate dormant bank accounts, according to the Central Bank of Nigeria's (CBN) updated instructions. A circular sent to banks…
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Posted by Taiwo Ayomide March 16, 2026
FG Focuses on Women for Digital Inclusion, Energy Access, and Other Issues
Posted inBusines

FG Focuses on Women for Digital Inclusion, Energy Access, and Other Issues

In an effort to strengthen gender equality and promote inclusive national development, the Federal Government of Nigeria has announced plans to increase focused interventions for women throughout the country in…
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Posted by Taiwo Ayomide March 16, 2026
Zenith Bank Introduces the Wealthy Visa CardClients
Posted inBusines

Zenith Bank Introduces the Wealthy Visa CardClients

With the launch of the Visa Signature Card, Zenith Bank and Visa have teamed to provide access to useful services. With improved worldwide lifestyle advantages, travel privileges, and unique merchant…
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Posted by Taiwo Ayomide March 16, 2026
Importers Are Aware of Arbitrary Port Charges
Posted inBusines

Importers Are Aware of Arbitrary Port Charges

Concerns about what they see as arbitrary and exorbitant fees levied by terminal operators at Nigeria's seaports have been voiced by importers and freight stakeholders, who warn that the situation…
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Posted by Taiwo Ayomide March 16, 2026
Africa’s Undeveloped Mineral Endowment: $8.6 trillion AFC
Posted inBusines

Africa’s Undeveloped Mineral Endowment: $8.6 trillion AFC

According to a new report issued yesterday by the Africa Finance Corporation (AFC), Africa contains an estimated US$29.5 trillion in mine-site mineral value, or around 20% of the world's mineral…
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Posted by Taiwo Ayomide February 10, 2026
Firm Launches New Solar Solutions To Tackle Energy Crisis
Posted inBusines

Firm Launches New Solar Solutions To Tackle Energy Crisis

Ensky Solar and the GenixGreen & Luxwatt Lithium Battery Series are two cutting-edge products that Nigerian original equipment manufacturer (OEM) Kartel Energy Limited has introduced. A significant turning point in…
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Posted by Taiwo Ayomide February 10, 2026
The Liquidity Trap in Nigeria and the Reasons Why Funds Aren’t Getting to Businesses
Posted inBusines

The Liquidity Trap in Nigeria and the Reasons Why Funds Aren’t Getting to Businesses

Today's Guardian Nigeria newspaper stated that "manufacturers face credit squeeze as T-Bills see over 400% demand spike." The Guardian Nigeria also discovered that the real sector is still overcrowded by…
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Posted by Taiwo Ayomide February 10, 2026
According to NERC, just 36% of GenCo’s capacity was available in January.
Posted inBusines

According to NERC, just 36% of GenCo’s capacity was available in January.

According to the Nigerian Electricity Regulatory Commission (NERC), in January, the national system had an average of 4,901 megawatts (MW) of installed capacity, out of 13,625 MW.According to NERC's January…
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Posted by Taiwo Ayomide February 10, 2026

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