Nigeria has recorded another major milestone on the global energy stage as Dangote Refinery reportedly became the world’s largest exporter of aviation fuel (Jet A1) in April 2026. According to a report by S&P Global Energy, the refinery achieved this
Nigerian Banks Race to Meet CBN Capital Requirements as Five Banks Face Regulatory Challenges Nigeria’s banking sector is currently undergoing one of its biggest financial reforms in years as the Central Bank of Nigeria pushes banks to meet new recapitalisation requirements aimed at strengthening the country’s financial system. The development has become a
Government empowerment schemes in 2026 continue to play a major role in reducing poverty, supporting small businesses, and creating job opportunities across developing economies. These programs are designed to provide financial support, vocational training, and business opportunities to citizens who need help building sustainable livelihoods. In Nigeria and
Why Investing in Girls Matters for Nigeria’s Future A new report by the World Bank has revealed that Nigeria could generate more than $400 billion in additional income by 2040 if the country increases investments in adolescent girls through education, healthcare, economic empowerment, and stronger legal protections. The report, titled “Pathways to
FCCPC approves new airtime and data lending firms as telcos suspend services. Learn what this means for Nigerians and how to access or participate in the new digital lending system. What Happened? The Federal Competition and Consumer Protection Commission (FCCPC) has approved five companies to provide airtime and data lending services in
IMF and World Bank $150 billion support offers funding opportunities for SMEs, agriculture, and infrastructure. Learn how Nigerians can access grants, loans, and programs to grow financially. Understanding the $150 Billion Global Support Plan The International Monetary Fund (IMF) and World Bank have announced plans to mobilize up to $150 billion in
President Bola Ahmed Tinubu Nigeria is taking a bold step towards cleaner and more affordable transportation as Bola Ahmed Tinubu approves the expansion of the Presidential CNG initiative to include electric vehicles. New Name, Bigger Vision The initiative will now be known as the Presidential Initiative on Compressed Natural Gas and Electric Vehicles
Nigeria and the World Bank are strengthening their partnership to accelerate economic growth, job creation, and investment inflows. The government, led by President Bola Tinubu, has pushed for continued economic reforms — including subsidy removal, unified foreign exchange, and policies to improve transparency — that have helped stabilise the economy and
The Central Bank of Nigeria (CBN) has announced a major shift in its cash-related policies, removing all limits on cash deposits while maintaining strict withdrawal ceilings. The new rules, which take effect on January 1, 2026, were disclosed in a circular signed by Dr. Rita Sike, Director of Financial Policy and Regulation. According to the apex
The Central Bank of Nigeria (CBN) has revealed that insecurity and erratic power supply remain the biggest threats to business stability and profitability across the country. According to its October 2025 Business Expectations Survey, insecurity ranked highest at 71.8 points, closely followed by poor power supply (70.9 points) and multiple taxation (70.2 points).

















