Nigeria, China Mobile Sign Deal for Regional Cloud Data Centre
Nigeria's 21st Century Technologies and China Mobile International partner to expand regional sovereign cloud platforms and AI-enabled digital infrastructure in Lagos.
Category : Business
Dangote Refinery Cuts Petrol Output, Marketers Import Fuel
Dangote Refinery reduces petrol production by 34% due to technical issues, leading marketers to import cheaper fuel amid rising global oil prices and supply concerns.
Nurses Salary in Nigeria 2026: Estimated Breakdown After Minimum Wage
Discover the estimated salary of nurses in Nigeria after the 2026 minimum wage. Breakdown by employer, qualification, and sector in this comprehensive guide.
Aliko Dangote Richer Than Five African Nations, Net Worth $36.5bn
Aliko Dangote's net worth hits $36.5 billion, surpassing GDPs of Rwanda, Botswana, Benin, Burkina Faso, and Mali. His refinery drives wealth surge.
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NGX Extends Gains, Market Value Up N99bn
Nigerian equities market extended gains as renewed buying interest in large- and mid-cap stocks increased market capitalisation by N99.15 billion on Wednesday.
Tinubu Seeks Tax Compliance, Obi Questions Revenue Surge
President Tinubu calls for tax compliance to fund infrastructure, while Peter Obi questions revenue transparency. Meanwhile, CBN surveys show improved business confidence amid inflation concerns.
FG Pays 1,240 Contractors to Clear Verified Debts
The Federal Government has paid over 1,240 contractors with verified claims of N100 million or less, prioritizing small businesses to provide liquidity and restore confidence.
Trading High Volatility Markets: Strategies and Risk Tips
Learn how to trade in high volatility markets with effective strategies like scalping and news trading, plus essential risk management tips for success.
Minister Urges Green Economy Investment for Nigeria
Nigeria's Environment Minister Balarabe Abbas Lawal calls for more investment in the green economy, emphasizing climate action and environmental governance for long-term development.
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Nigeria Q1 2026 Trade: N34.8 Trillion, N7.5 Trillion Surplus
Nigeria's merchandise trade hit N34.8 trillion in Q1 2026, with exports at N21.2 trillion and imports at N13.6 trillion, yielding a N7.5 trillion surplus driven by crude oil sales.
FG Plans Lagos Rail Extension to Airport Terminals
The federal government plans to extend the Lagos rail network to Murtala Muhammed Airport terminals to boost connectivity and position Lagos as an aviation hub.
Power Minister Promises Improvement, Not 24-Hour Supply
Nigeria's new Power Minister Joseph Tegbe vows visible improvements in electricity supply but cautions against expecting immediate 24/7 power. He cites ongoing reforms.
Tinubu Approves $500M for Lagos Airport Upgrade
President Tinubu has approved $500 million to modernise Lagos airport, aiming to make it a major aviation hub in Africa, Minister Festus Keyamo announced.
CEVA Logistics, EFL Africa Launch Nigeria Joint Venture
CEVA Logistics and EFL Africa announce CEVA EFL Limited joint venture in Nigeria, combining global reach with local expertise to enhance logistics services in West Africa.
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FCMB Group Net Profit Soars 147.7% to N177.3 Billion
FCMB Group reports 147.7% net profit surge to N177.3 billion, driven by strong interest income growth. Dividend proposed at N0.35 per share.
Calabar Residents Decry Sharp Rise in Cooking Gas Prices
Residents of Calabar lament the increase in cooking gas prices from N1,300 to N1,900 per kg, calling it alarming and frustrating.
LAMATA boosts Blue Line trips to 94 daily, starts at 6am
LAMATA increases Lagos Blue Line daily trips from 90 to 94, starts operations at 6am weekdays and Saturdays to improve commuter convenience and reduce congestion.
Tony Elumelu Named Seplat Energy Chairman from 2027
Seplat Energy appoints Tony Elumelu as chairman effective January 2027, replacing Udoma Udo Udoma. Effiong Okon also named new CEO from August 1.
ARM-Harith Closes $76M for Climate Transition Fund
ARM-Harith announces $76M first close for a climate transition fund targeting $200M, mobilizing African capital for sustainable infrastructure.
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COP31 Targets 35% Electrification by 2035
COP31 presidency proposes raising global electricity share to 35% by 2035 to cut fossil fuel use, backed by IEA, IRENA, and Australia at Bonn Climate Conference.
Senate Seeks Total Ban on Textile Imports to Revive Industry
The Senate calls for a total ban on textile imports to revive Nigeria's local industry, create jobs, and boost revenue. Additional funding for BOI is also urged.
Senate Passes Crypto Regulation Bill for Second Reading
The Nigerian Senate has passed a bill for second reading to regulate cryptocurrency, protect investors, and strengthen the digital economy, with a focus on licensing and transparency.
Otti Vows 24/7 Power Supply for Abia Manufacturing
Abia Governor Alex Otti reaffirms commitment to 24/7 electricity supply, citing high energy costs for manufacturers. He highlights progress in power, roads, healthcare, and plans for a medical city.
Okomu Oil Shareholders Approve N14.3bn Final Dividend
Okomu Oil shareholders endorsed a N14.3 billion final dividend for 2025 at N15 per share, approved at the AGM in Abuja on May 26. Total dividends for the year hit N52.5 billion, up 52.8% from 2024.
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Nigeria Police Stations to Become Digital Connectivity Hubs
Nigeria plans to transform police stations into digital hubs under Project BRIDGE, extending fibre optic network to 774 LGAs, modernising policing with AI and connectivity.
Nigerian Groups Demand Suspension of GMO Approvals
A coalition of organizations calls on the Nigerian government to suspend new GMO approvals and review existing ones, citing concerns over biosafety, health, and farmers' rights.
Illegal Fishing Threatens West Africa's Ocean Resources
Illegal fishing in West Africa depletes fish stocks, harms coastal communities, and costs billions. The upcoming Our Ocean Conference offers a chance for change.
IMF: CBN May Need to Sterilise FX Inflows for Inflation Control
The IMF advises Nigeria's Central Bank to sterilise foreign exchange inflows from rising oil prices to prevent inflation, while commending current tight monetary policy.
NCC: 75 Million Subscribers Compensated for Poor Service
The NCC says over 75 million telecom subscribers have received compensation from MNOs following regulatory directives to address poor quality of service across Nigeria.
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FG Launches Grant to Boost Mining Exploration and Research
The Federal Government, through the SMDF, launches EMERGE grant to fund mineral exploration, processing, and research, aiming to add value locally and attract private investment.
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