March 2026 – Page 110

Fidelity Bank backs women-led SMEs with new grants

20.03.2026

Fidelity Bank Plc has launched a comprehensive support series aimed at equipping women with the tools and skills necessary to scale their businesses and professional careers. The initiative, themed ‘Give to Gain’, marks the bank’s commemoration of International Women’s Day 2026 and is being executed through its dedicated women’s proposition, HerFidelity. Central to this month’s...

Hospitality Sector VAT Fuels N38.8bn Growth in Nigeria

20.03.2026

The hospitality industry has demonstrated growth by remitting N38.81bn in value-added tax during the first nine months of 2025. Yet, this vitality conceals underlying challenges that require government support, writes ARINZE NWAFOR Nigeria’s accommodation and food service activities sector remitted a total of N38.81bn in value-added tax in the first nine months of 2025. This...

UBA & NiDCOM Partner to Boost Diaspora Investment in Nigeria

20.03.2026

United Bank for Africa Plc has moved to solidify its position as the primary financial bridge for Nigerians abroad, strengthening its collaboration with the Nigerians in Diaspora Commission to convert migration trends into structured economic growth. The partnership was reaffirmed during a high-level strategic visit to the bank’s United Kingdom office on Monday, where UBA’s...

IMF warns of inflation amid Iran war tensions

20.03.2026

The International Monetary Fund said on Thursday that it was monitoring the impacts of the war in Iran on global inflation and output but that no countries had so far approached it for emergency assistance related to the conflict. “If prolonged, higher energy prices will lead to higher headline inflation,” said IMF chief spokesperson Julie...

Oborevwori Felicitates Muslims At Eid-el-Fitr, Urges Peace, Unity

20.03.2026

Delta State Governor, Rt. Hon. Sheriff Oborevwori has extended warm felicitations to Muslim faithful in the state and across Nigeria on the occasion of Eid-el-Fitr, marking the successful completion of the holy month of Ramadan. Oborevwori, in a statement signed by his Chief Press Secretary, Sir Festus Ahon, in Asaba, congratulated Muslims for their devotion,...

NAMA Deploys Mobile Tower After Lagos Airport Fire

20.03.2026

The Nigerian Airspace Management Agency has deployed a Mobile Control Tower at the Murtala Muhammed International Airport, Lagos, following the recent fire incident that disrupted critical air-ground communication systems at the old terminal. About three weeks ago, fire razed the Terminal 1 wing of the Murtala International Airport, destroying equipment and forcing the authority to...

NUJ FCT Chair Pledges Ethical Leadership In Public Communication

20.03.2026

The Chairman of the Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Council, Grace Ike, has pledged to uphold ethical standards in public communication when she was formally inducted into the Nigerian Institute of Public Relations (NIPR), marking a significant milestone in her distinguished career in media and communication. Speaking at the induction ceremony...

SEC raises capital requirements for market operators in Nige

20.03.2026

The Securities and Exchange Commission has officially raised the minimum capital requirements for all Capital Market Operators in a move designed to overhaul the backbone of Nigeria’s financial ecosystem. The new directive, rooted in the Investments and Securities Act 2025, marks a significant shift towards higher financial resilience. Under the revised framework, broker-dealers must now...

Nigeria’s N9tn Petrol Import Bill Despite Local Refining

20.03.2026

Nigeria’s dependence on imported petrol persisted in 2025, with oil marketers spending N8.96tn on Premium Motor Spirit (petrol) imports between January and December, despite increased investments in domestic refining capacity. An analysis of the latest foreign trade data released by the National Bureau of Statistics on Thursday showed that petrol, code-named “Motor spirit ordinary,” remained...

Pa James Commends Wale Adenuga For Prompt Payment

20.03.2026

Veteran Nigerian actor and comedian, Kayode Olasehinde, popularly known as Pa James, has lauded Wale Adenuga Productions for their professional conduct and prompt payment of actors. Pa James, who spoke in a recent interview with Lucky Udu, expressed his gratitude for the opportunities to work on the renowned Papa Ajasco series. Highlighting the production company’s...