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Nigeria's $400M Tomato Paste Import Problem
Nigeria imports $400M in tomato paste yearly despite high local production, due to post-harvest losses, weak processing, and poor infrastructure.
Category : Business
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NCC Airtime Compensation: How to Get Paid by MTN, Airtel, Glo, 9mobile
Learn how the NCC automatic airtime payout works for poor network service. MTN, Airtel, Glo, and 9mobile now compensate subscribers automatically.
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CBN Hikes ATM Card Fee to N1,500, Removes Monthly Charge
The Central Bank of Nigeria increased ATM card issuance fee from N1,000 to N1,500, while scrapping monthly maintenance charges and POS transaction fees for customers.
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Lagos Allocates Land for Downtown Commercial City
Lagos State allocates land for Downtown Lagos in Ibeju-Lekki, a private commercial city project, as infrastructure and investments drive urban expansion.
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Dangote Plans New Refinery in East Africa After Nigeria Success
Aliko Dangote is planning a large-scale refinery in East Africa, potentially in Tanzania or Kenya, to reduce fuel import dependence and mirror his Nigerian facility.
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Bread Prices to Rise in Nigeria Over Global Wheat Woes
Rising global wheat prices, US drought, and import costs are pushing bread prices higher in Nigeria, forcing bakeries to increase prices or reduce loaf sizes.
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Best Gift Card Trading Apps in Nigeria 2026 (25.04.2026)
Learn how to choose the best app to trade gift cards in Nigeria. Discover top platforms, security tips, and avoid scams. Trade smarter today.
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Sell Your $100 Steam Card in Nigeria: Best Options
Discover the safest and fastest ways to sell your $100 Steam card in Nigeria. Compare direct sales, social media, local vendors, and top gift card trading apps like Cardgoal.
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Why Seychelles Is Africa's Richest Country in 2026
Seychelles ranks as Africa's richest nation in 2026 due to high GDP per capita, strong tourism, small population, and robust social welfare, offering lessons in development.
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Airline Operators Issue Ultimatum on Jet Fuel Cost in Nigeria
Nigerian airline operators threaten to ground flights in 7 days if jet fuel prices are not reduced, citing a 270% increase compared to 70% globally.
48 Hours in Accra: Ghana's Vibrant Capital
Explore Accra in 48 hours: from historic castles to vibrant markets, coastal dining, and nightlife. A guide to experiencing Ghana's capital.
Wahab, GRV Disagree on Lagos Monthly Sanitation Exercise
Lagos Environment Commissioner Tokunbo Wahab defends the resumption of monthly sanitation, rebutting Gbadebo Rhodes-Vivour's criticism that it lacks imagination.
FCT Court Dismisses N7.1bn Suit Against Parallex Bank
FCT High Court strikes out N7.1bn suit by FHT Mega Express against Parallex Bank, citing abuse of process, and awards N500,000 costs to the bank.
Transcorp Q1 2026: Revenue ₦125.1bn, Profit ₦50.7bn
Transcorp Group announced Q1 2026 revenue of ₦125.1 billion and profit before tax of ₦50.7 billion, with improved liquidity and equity despite power sector challenges.
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Transcorp Power Q1 Revenue N95bn, Profit N39.6bn
Transcorp Power Plc reports N94.59bn revenue and N39.59bn profit before tax in Q1 2026, despite gas constraints and vandalism affecting Nigeria's power sector.
Naira Mixed: Black Market Gains, Official Window Slips
Nigerian naira gains in parallel market but weakens at official window. FX activity drops sharply as analysts cite liquidity challenges and external debt pressures.
State Govts Push for Agricultural Insurance Against Climate Losses
Commissioners from four states call for enhanced agricultural insurance as Leadway Assurance pays N396.7m claims to smallholder farmers for climate-related losses.
Ikogosi Warm Spring Transformed Under PPP Model
Glocient Hospitality transforms Ikogosi Warm Springs Resort in Ekiti under PPP, blending technology with culture. The resort now leads in MICE tourism, earning top awards.
Discordant Views Trail FG's Food Import Tariff Cut
Nigeria's tariff cut on food imports sparks mixed reactions: consumers welcome price relief, but farmers fear losses and long-term food security risks.
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Food Security Tests Governance Capacity, Don Tells Leaders
Prof. Demo Kalla says food security is a test of governance capacity, urging Nigeria to treat it as national survival and prioritize domestic production.
Sardauna Memorial Stadium Gets FIFA-Quality Turf
FIFA-quality grass turf arrives at Sardauna Memorial Stadium in Gusau, Zamfara State, marking a major upgrade to international standards for football and youth development.
Minister Pledges Innovation to Tackle Housing Deficit
Newly sworn-in Minister of Housing and Urban Development Dr. Muttaqha Rabe Darma vows to address Nigeria's 20 million housing unit deficit through innovation and strategic planning.
U.S. Revitalises Credit Guarantee to Boost Nigeria Agric Trade
The U.S. expands the GSM-102 export credit guarantee programme to strengthen agricultural trade with Nigeria, aiming to boost food security and commercial ties.
Symmex, NAFDAC Discuss Digital Pharma Manufacturing Tech
Symmex Smart Workings engages NAFDAC to pilot Huraflow-MES, Nigeria's first indigenous GMP-compliant Manufacturing Execution System for pharma and FMCG sectors.
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Osubi Airport, Manager Win at Nigeria Aviation Awards
Osubi Airport and its manager Winston Egwuatu won top honors at the 15th Nigeria Aviation Awards for safety and management excellence.
Boing Golf Estate: Redefining Lagos Landscape
Boing Golf Estate groundbreaking in Ibeju-Lekki marks a bold vision to redefine Lagos landscape, with royal and government support for a prestigious development.
GTCO Food & Drink Festival @9: Culinary Diversity
The 9th GTCO Food & Drink Festival returns May 1-3, 2026 in Lagos, showcasing diverse cuisines, masterclasses, and free stalls for entrepreneurs.
Mo'Afrique Launches Modish Brand and Garment Factory
Mo'Afrique expands into mass-market fashion with Modish brand and a new garment factory, targeting corporate and institutional clients in Nigeria.
Will Sanwo-Olu Begin Fourth Mainland Bridge Before 2027?
With 416 days left in office, Lagos Governor Sanwo-Olu has not mentioned the long-awaited Fourth Mainland Bridge in recent project lists, raising doubts about its commencement before his exit.
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Nwonyo Festival: Middle Belt Pledges Partnership with Taraba
Middle Belt states commend Taraba Governor Kefas for reviving the Nwonyo Fishing Festival and pledge strategic partnership with La Campagne to boost tourism.
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