Nestlé rewards Golden Morn consumers as brand marks 40 years
Nestlé Nigeria has announced a nationwide consumer promotion offering an extra 50 grammes of Golden Morn free with every 900-gramme pack purchased starting in November. The company disclosed on Tuesday that the initiative forms part of activities celebrating the brand’s 40th anniversary and rewarding loyal customers.
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24+ articlesNo PIN, OTP needed for FG’s N50,000 cash relief — OPay
Fintech company OPay has cautioned Nigerians against fraudulent agents and unverified links claiming to facilitate the Federal Government's N50,000 monthly cash relief program. The firm clarified that eligible beneficiaries will receive an official pop-up notification directly on their app homepage to access the fund.
Presco cuts debt by N180bn as 9-month profit hits N151.5bn
Presco Plc reduced its debt obligations by N180.2 billion while achieving a pre-tax profit of N151.5 billion for the nine months ended September 30, 2026. The integrated edible oil producer reported an 8.5 per cent year-on-year growth in pre-tax profit according to filings submitted to the Nigerian Exchange Limited, defying broader inflationary pressures and falling global commodity prices.
EFCC uncovers Chinese-operated illegal oil refinery in Ogun
Operatives from the EFCC's Lagos Zonal Directorate 2 have uncovered an illegal oil refinery operated by Chinese nationals in Ogere, Ogun State. The crackdown, carried out on Saturday, October 31, 2026, followed targeted intelligence gathering and surveillance on unauthorized sludge oil refining activities in the region.
Senate pushes direct China flights to retain FX, boost $18b trade deal
The Senate has threatened to review Nigeria's bilateral aviation agreement with China unless Nigerian carriers receive reciprocal rights to fly direct routes to the nation. Lawmakers declared that Chinese airlines should no longer enjoy unrestricted access to the domestic market while local operators are denied equal operational entry.
Lagos offers N5m loans to businesses, start-ups
Small business owners and aspiring entrepreneurs in Lagos State can access loans of up to N5m under a government-backed scheme aimed at improving access to finance and creating jobs.
11 ships expected at Lagos Ports- NPA
The NPA disclosed this in its Daily Shipping Position made available on Tuesday.
We’re committed to job creation, youth empowerment — GIGM
God Is Good Mobility (GIGM) says it is committed to creating employment opportunities for young people, supporting youth empowerment and strengthening community development.
FirstBank unveils digital experience centre at UniAbuja
FirstBank Plc has commissioned a one-stop digital experience centre at Yakubu Gowon University, Abuja, targeting no fewer than 40,000 customers within the university community.
CANEX: FG woos investors for Nigerian enterprises
The Federal Government is launching the Renewed Hope Enterprise Bridge Initiative to connect local entrepreneurs with global investors, buyers, and distributors at CANEX Weekend 2026 in Lagos. Operating from a dedicated Presidential Suite pavilion, the platform will showcase selected Nigerian businesses to boost exports and drive investment into the nation's creative economy.
MTN invests N825.7m in solar, electric vehicle infrastructure
MTN Nigeria says it has invested N825.7 million in solar deployment and electric vehicle charging infrastructure in the first nine months of 2026, to reduce its dependence on conventional energy sources.
NCAA begins ACI-ICAO aerodrome certification course in Lagos
The Nigeria Civil Aviation Authority commenced a five-day ACI-ICAO Aerodrome Certification training course on Monday, November 2, 2026. Designed for personnel within the Directorate of Aerodrome and Airspace Standards, the program aims to strengthen regulatory capacity and elevate safety management protocols across Nigerian airports.
Tennis: Young talents critical for J30 tournament upgrade, says ITF
Director of the ITF World Tennis Tour Juniors J30 tournament, Paul Moses, emphasized that developing young players is essential for upgrading the competition to a higher status. Speaking on Monday at the launch of the second edition in Lagos, Moses noted that the two-week tournament scheduled from November 2 to November 14 will serve as a key platform for youth advancement.
AfDB, IsDB deepen cooperation on $4bn African development projects
The African Development Bank Group (AfDB) and the Islamic Development Bank Group (IsDB) are strengthening cooperation on a $4bn joint financing plan for development projects across 27 African member countries.
MTN data traffic surges 30% as active users hit 57.2m
MTN Nigeria says its network data traffic increased by 30.1 per cent in the first nine months of 2026, reflecting growing internet consumption and rising demand for digital services among telecommunications subscribers.
FG unveils USSD code for consumer loans
The service, known as SPARK, was unveiled by the Nigerian Consumer Credit Corporation, also called CREDICORP, with 347 333# designated as its access code.
Tinubu pays tribute to Sultan of Sokoto on 20th anniversary
President Bola Tinubu has paid tribute to the Sultan of Sokoto, His Eminence Alhaji Muhammad Sa'ad Abubakar III, as he marks 20 years on the throne.
Cross River unveils 7-year plan to revive coffee production
Cross River State has launched a seven-year development roadmap (2025–2032) aimed at rebuilding its coffee industry and establishing the state as a major hub for Robusta coffee production.
PTAD pays 65 months’ arrears to PHCN pensioners
The payment includes ₦9.42bn distributed to 7,391 former Power Holding Company of Nigeria (PHCN) workers (covering a 13.8% increase over 65 months) and ₦4.46bn shared among 11,431 pensioners from five other defunct organizations, including NITEL/MTEL, Peoples Bank, and NICON Insurance
Cross River eyes West Africa’s biggest Robusta output
Speaking at the 2nd International Coffee Festival in Calabar, Governor Bassey Otu (represented by Agriculture Commissioner Johnson Ebokpo) highlighted the state’s potential to lead West Africa in Robusta and Arabica production, citing a planned 6,000-hectare public-private partnership with Jonvents Group.
Nigeria targets $72m annual savings from plastic recycling plant
Polysmart CEO Wasiu Balogun and Board Chairman Niyi Yusuf revealed plans to expand aggregation centers nationwide, generating roughly 1,000 direct jobs and over 50,000 indirect jobs.
OPay pulls $304m US IPO over foreign regulatory inquiry
The sudden decision comes just a day after the company priced 16 million American depositary shares at $19 each, which had initially valued the business at $4 billion.
Tinubu welcomes Airtel’s Open Network, demands improved telecoms services
President Bola Tinubu has welcomed Airtel Nigeria’s Open Network initiative, urging telecommunications operators to improve network coverage, reduce service disruptions and respond promptly to customer complaints.
Credite Capital declares N70m dividend, plans N1bn capital base
Credite Capital Finance and Investment Ltd. has declared a N70 million dividend payout to shareholders, representing a 71 per cent increase over the previous payout.
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