SMEs May Struggle With N100,000 Minimum Wage, OPS Warns
Members of Nigeria’s organised private sector have cautioned against expecting businesses to automatically adopt a N100,000 minimum wage, warning that many small and medium-sized enterprises...
Month : June 2026
DisCos Rake In N597.55bn Revenue in Q1 2026 Despite Collection Gaps
Electricity Distribution Companies (DisCos) in Nigeria generated N597.55 billion in revenue during the first quarter of 2026, according to data released by the Nigerian Electricity...
US Cuts African Visa Centres to 20 Hubs, Tightens Access for Travellers
The United States is set to significantly reduce the number of embassies and consulates in Africa that process visa applications, cutting them from nearly 50...
Inside Nigeria’s POS Sector: Operators Warn of Rising Pressure from Policy and Costs
In Nigeria’s fast-growing agency banking ecosystem, tensions are rising between regulatory direction and the day-to-day realities of POS operators serving millions of customers. Com. Odetunde...
South-East Leads as Startup Funding Hits $10.23m Amid Sharp Capital Concentration
Startups in Nigeria’s South-South and South-East regions raised a total of $10.23 million in disclosed funding between 2023 and 2025, marking a 29.6% increase from...
Nigeria Weighs Lecturer Allowance Reform Amid Fears of Pay Gap in Universities
Nigeria’s proposed overhaul of lecturer allowances is raising concerns across the higher education sector, with stakeholders warning that the policy could widen existing salary disparities...
CBN Redeploys Four Deputy Governors in Strategic Leadership Reshuffle
The Central Bank of Nigeria (CBN) has redeployed its four Deputy Governors in a management reshuffle aimed at strengthening leadership structure and improving operational efficiency....
Petrol Price Surges 643% to N1,300 as Subsidy Removal, FX Pressures Bite
The price of Premium Motor Spirit (petrol) in Nigeria has risen sharply from about N175 in May 2023 to between N1,300 and N1,400 per litre...
FG Launches June 2026 Savings Bond Offering Up to 14.8% Yield
The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for its June 2026 Savings Bond, offering retail investors annual returns of up...
Nigeria’s Bad Loan Ratio Climbs Above Regulatory Threshold as Forbearance Exit Bites
Nigeria’s banking sector recorded a further decline in asset quality in January 2026, with the ratio of non-performing loans (NPLs) rising to 8.03 percent, according...