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Labour confirms talks at Geneva ILO conference; current ₦70,000 wage expires early 2027; Lagos branch seeks ₦225k Nigeria's organised labour movement has confirmed that negotiations for a new national minimum wage will begin in July 2026, with the current ₦70,000 minimum wage law set to expire in early 2027, as labour leaders simultaneously warned state governors against unilaterally setting new wage figures outside the formal negotiation process. The Nigeria Labour Congress

Framework unveiled June 1; 15 million more Nigerians to gain formal banking access; AfCFTA payments integration included The Central Bank of Nigeria has unveiled a four-year strategic roadmap for Nigeria's digital payments infrastructure, setting a target of 95 per cent financial inclusion by 2028 and committing to build a system capable of bringing 15 million more Nigerians into the formal financial system. CBN Governor Olayemi Cardoso launched the Nigeria Payments System V

MEMAN data: imported petrol lands at ₦1,117/litre vs Dangote gantry ₦1,250; Lagos pumps fall to ₦1,272–₦1,295 The cost of importing petrol into Nigeria has fallen below the ex-depot price charged by the Dangote Petroleum Refinery for the first time in months, new data from fuel marketers shows, as a sharp decline in global crude oil prices, driven by progress in US-Iran peace negotiations, creates competitive pressure in the downstream market. Data from the Major Energy Marke

Karl Toriola tells "Data on Trial" Lagos event tariff increase prevented network shutdown; ₦900bn invested in 2025 President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission to end the 12-year exclusive dominance of South African technology firm Optasia over Nigeria's airtime credit lending and data advance services — a market estimated to generate more than ₦3 trillion in annual transactions. The directive, issued in writing to the FCCPC f

SheVentures 2026: 0% interest, 4–6 month repayment, advisory support included First City Monument Bank has opened applications for its 2026 SheVentures Zero-Interest Loan Programme, offering women-owned businesses access to up to ₦10 million in capital at zero percent interest, one of the few such products available in Nigeria's banking market. The facility provides loans between ₦500,000 and ₦5 million under a general funding category, and between ₦5 million and ₦10 million

₦4.65 Trillion. 33 Banks. Now Comes the Real Test. Nigeria's Banks Just Got ₦4.65 Trillion Stronger. Will Your Business See Any of It? Nigeria's banking sector just completed its most significant overhaul since 2005 and if you run a small business, the implications are more complicated than the headlines suggest. 33 Nigerian banks met the CBN's new capital requirements by the March 31, 2026 deadline, collectively raising ₦4.65 trillion in fresh capital. 72.55% of the funds ca

The Naira Gained 10% in 12 Months The Naira Is Up 10% in 12 Months. Have You Updated Your Numbers? There is a quiet opportunity sitting in your business right now and there's a good chance you haven't noticed it yet. The naira is trading at approximately ₦1,384 to the dollar as of April 1, 2026 up 10% against the dollar over the past 12 months. For context, the naira recorded its strongest annual performance in more than a decade in 2025, appreciating 7.4% against the dollar.