BUSINESS Archives - NEWSWORLD

OPay Speaks On Stopping Phone Numbers As Account Numbers 0

September 28, 2026

OPay has dismissed a viral social media claim that the fintech company has stopped using customers’ phone numbers as account numbers and switched entirely to standard bank account numbers. The claim circulating online advised OPay customers whose account numbers are linked to their phone numbers to visit agents and have their accounts converted to

Tinubu Gov’t Approves Upgrade Of Four Major Ports 0

BUSINESS, SLIDE

September 28, 2026

The Federal Government has approved the upgrade of four major ports in Nigeria’s South-South region as part of efforts to reduce the heavy concentration of cargo traffic at the Lagos ports. The affected ports are Onne Port in Rivers State, Delta Port, and Calabar Port in Cross River State, according to the Minister of

Naira Strengthens Against Pound As GBP/NGN Falls To About ₦1,762 0

BUSINESS, SLIDE

September 25, 2026

The Nigerian naira has maintained its recent strength against the British pound, with the pound-to-naira exchange rate settling at about ₦1,762 per £1 during mid-week trading in the official foreign exchange market. Recent market data indicate that the pound has weakened against the naira over the past several weeks, falling from levels around ₦1,800

FG Working To Announce New Minimum Wage – Labour Ministry 0
- BUSINESS, SLIDE
- September 25, 2026
The Federal Government has begun consultations towards reviewing Nigeria’s current national minimum wage, Permanent Secretary of the Federal Ministry of Labour and Employment, Dr Kamil Shoretire, has disclosed. Shoretire made this known in Abuja during a capacity-building workshop organised for labour correspondents, saying internal discussions were already ongoing ahead of negotiations on a new wage
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Lokpobiri Asks NNPC To Explain State Of Nigeria’s Refineries 0
- BUSINESS, SLIDE
- September 23, 2026
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called on the Nigerian National Petroleum Company (NNPC) Limited to explain the current state and performance of Nigeria’s refineries, saying Nigerians deserve to know the facts about the facilities. Lokpobiri made the call during an interview on Channels Television’s Politics Today on Tuesday, following
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Diesel, Petrol Prices Fall As Depots Cut Rates 0
- BUSINESS, SLIDE
- September 23, 2026
Petrol depot prices have dropped by as much as ₦24 per litre in Lagos, raising expectations that filling stations may begin reducing pump prices as they restock with cheaper products. According to the latest depot price data reported by Vanguard, Ascon, Integrated and Sahara reduced their petrol prices from ₦1,351 to ₦1,327 per litre, while
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