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Nigeria to Invest $11bn in Solar for Electricity Boost
Nigeria plans to invest $11 billion in 53 solar projects to expand generation capacity to 209,000MW by 2050, aiming to provide electricity to 17.5 million people and reduce generator dependence.
Category : Business
Nanotech Breakthrough Offers Hope for Niger Delta Cleanup
Suka Monta unveils nanotechnology that breaks down oil pollutants into water, potentially reducing cleanup from decades to months. Stakeholders call for stronger environmental governance.
Bahrain Declares June 16, 2026 Hijri New Year Holiday
Bahrain has declared June 16, 2026, a public holiday for the Islamic Hijri New Year (1448 AH), with government offices closed. Crescent moon sighting set for June 15.
Calpe Labs unveils N600bn scheme for Imo grassroots businesses
Calpe Labs launches a N600 billion enterprise development scheme in Imo, targeting 50 micro-businesses under OKOBI to boost entrepreneurship and create 20,000 jobs.
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Stakeholders Warn of Environmental Risks from Industrial Farming
Stakeholders warn that unchecked industrial animal farming threatens public health, livelihoods, and ecological sustainability, urging stricter regulations and sustainable practices.
Elon Musk Becomes First Trillionaire, Dangote Rises
Elon Musk becomes the world's first trillionaire after SpaceX IPO boosts his net worth above $1 trillion, while Aliko Dangote climbs in global billionaire rankings.
UK, Nigeria Launch £15m Programme to Boost Growth
The UK and Nigeria have launched a £15 million growth programme to attract investment, support reforms, and accelerate economic expansion in Nigeria.
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Debunking the ₦3 Trillion Airtime Lending Claim
A controversy erupts over Nigeria's airtime lending market, with claims of a foreign monopoly and ₦3 trillion capital flight. Fact-checking reveals a diverse ecosystem and regulatory disputes.
Taraba informal sector embraces tax compliance
Taraba State's tax awareness campaign successfully convinces informal sector operators in Jalingo to embrace tax compliance, boosting revenue and development.
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SpaceX Debuts on NASDAQ in Record-Breaking IPO
SpaceX listed on NASDAQ on June 12, 2026, raising $75 billion in the largest IPO ever. The company is valued at $1.77 trillion, making it the seventh most valuable US firm.
Group Urges Govt to Release $54m TB Counterpart Funding
NEPWHAN urges Nigeria to release $54m TB counterpart funding and $200m for HIV, TB, malaria, warning of stock-outs and treatment disruptions.
Solar Firm to Boost Enugu Communities with Renewable Energy
J&GSB Energy Enterprise launches solar project in Enugu communities to enhance energy access, boost economic activities, and improve security.
Foreign Investors Target Nigeria's Food Market in Lagos
Foreign investors and food companies from Europe, Asia, and Africa are eyeing Nigeria's consumer market as the Food and Beverages West Africa Exhibition concluded in Lagos, attracting over 350 exhibitors from 60 countries.
Nigerian Stocks Slip as Investors Book Gains Before Holiday
Nigerian equities market extended losses on Thursday as profit-taking hit banking, consumer goods, and oil stocks. The ASI fell 0.05%, erasing N72.74 billion in market value.
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Taraba L-PRES assures fairness in livestock procurement
Taraba L-PRES assures transparent procurement for livestock projects, including solar boreholes, water harvesting, and poultry farms, to boost productivity.
Special courts sought for electricity theft prosecution
Stakeholders in Nigeria's electricity sector call for special courts to prosecute electricity theft and vandalism, alongside reforms to reduce losses and improve accountability.
MTN MoMo in Nigeria to Become Super App: Key Details
MTN partners with Ant International to transform MoMo into a super app in Nigeria next quarter, integrating payments, savings, and lifestyle services.
Insecurity Biggest Threat to Food Production, Says Alaafin
The Alaafin of Oyo identifies rural insecurity as the greatest threat to Nigeria's food production, warning that food sufficiency remains elusive without addressing security challenges.
Oshiomhole's NNPC Attacks May Hurt Nigeria Investment Drive
Energy expert Dr Adeyemi Adegbola warns that unverified allegations against NNPC by Senator Oshiomhole could damage Nigeria's investment reputation and discourage foreign capital.
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Tinubu Urges Youth: Stay Home, Build Nigeria's Future
President Tinubu calls on young Nigerians to remain in the country, contribute to development, and reject migration trends, citing ongoing reforms in jobs and infrastructure.
Dangote Refinery Sets $350,000 Minimum for Private Investors
Dangote Petroleum Refinery launches $1 billion private placement with a $350,000 minimum investment, offering 3 billion shares at $0.35 each to institutional and high-net-worth investors.
Kuwait Suspends Visas for Nigerians, Other Foreign Nationals
Kuwait temporarily halts commercial visit visas for all foreign nationals, affecting Nigerian business travelers amid Middle East instability from Iran conflict.
Ghana, Cameroon, 3 Others Import Petrol from Dangote Refinery
In 2026, Ghana, Cameroon, Togo, Côte d'Ivoire, and Tanzania are importing petrol from the Dangote Refinery, reducing reliance on distant markets and boosting regional energy trade.
NADF Gives Free Fertilizer to 20,160 Farmers in Southwest
NADF flagged off distribution of 80,640 bags of free fertilizer to 20,160 smallholder farmers in Southwest Nigeria under the Renewed Hope Farm Input Support Programme to boost food security.
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MTN Social Bundle: What It Covers, Skips, and How to Subscribe
Learn what the MTN social bundle covers, what it skips, and how to subscribe from ₦25 daily. Includes app list, prices, and USSD codes.
CBN Bans Banks, Fintechs From Lending to Related Firms Without Approval
The Central Bank of Nigeria has prohibited closely linked financial institutions from lending to or guaranteeing each other without prior written approval, aiming to reduce systemic risks and strengthen governance.
Nigeria Launches Rev360 to Track Tax Compliance
Nigeria unveils Rev360, a digital platform to improve tax compliance, simplify payments, and identify defaulters. The NRS says it modernizes tax administration.
Romulus Mining Targets $150m Investment in Nigeria
Romulus Mining plans to increase investment in Nigeria's mining sector from $50m to $150m over three years, announced as title sponsor of AFNIS 2026.
Nigeria Filling Stations Cut Petrol Prices to N1,330-N1,350
Nigerian filling stations reduce petrol prices to between N1,330 and N1,350 per litre amid competitive pressures from Dangote Refinery and global oil market instability.
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Nigeria misses oil targets, $3.6bn loss for 2026 budget
Nigeria failed to meet oil production targets for the fifth time, recording a $3.6 billion shortfall for the 2026 budget despite rising output and favorable prices.
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