Senate Weighs $516m Loan for Sokoto-Badagry Highway
The Senate received President Tinubu's request for a $516m loan to build the Sokoto-Badagry Superhighway, aiming to boost connectivity and trade across seven states.
Category : Business
The Ordinary Launches in Nigeria via Essenza
The Ordinary officially enters Nigeria through Essenza, offering ingredient-focused, science-driven skincare to local consumers from April 15, 2026.
Bayelsa Gas Project: Mienye Demands Accountability Over Delay
Dr Domor Mienye, APGA governorship aspirant, calls for accountability as Bayelsa's 60MW gas turbine fails to supply power after commissioning, urging a shift from symbolic projects to functional infrastructure.
Nigeria Decentralises Power Sector as States Take Control
Nigeria decentralises its electricity sector under the Electricity Act 2023, with states like Lagos, Ogun, Enugu assuming regulatory control, shifting consumer complaints from NERC to state regulators.
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Tinubu Hails Nigeria's Record 91.45% ICAO Safety Rating
President Tinubu welcomes Nigeria's historic 91.45% ICAO safety rating, surpassing global and regional averages, and urges sustained reforms in aviation.
5 Trusted Insurance Firms Driving Nigeria's 2025 Growth
The Guardian highlights five insurance companies that impacted Nigeria's economic growth in 2025 through innovation, professionalism, and integrity.
Afreximbank, St Kitts Sign Hosting Deal For ACTIF2026
Afreximbank and St Kitts and Nevis signed the hosting agreement for ACTIF2026, set for July 29-31, 2026, to deepen Africa-Caribbean trade ties.
Lagos Clarifies Solar Installation Fees for Social Housing Only
Lagos State government clarifies that solar installation fees apply only to government-owned social housing estates, not private homeowners, amid viral backlash.
Dangote's Net Worth Soars to $33.2 Billion in 2026
Aliko Dangote's net worth surged to $33.2 billion in 2026, driven by his refinery's success, making Nigeria a net fuel exporter and expanding into petrochemicals.
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BII Targets £9bn Africa Investment, Focuses on Frontier Markets
British International Investment unveils a five-year strategy to unlock £9 billion for Africa, prioritizing frontier markets, climate finance, and gender-focused investments.
Dangote Backs Uganda Mineral Ban, Eyes East Africa Refinery
Aliko Dangote praises Uganda's ban on unprocessed mineral exports and commits to building a refinery in East Africa, boosting regional value addition and industrialization.
Tinubu Approves N68bn for Maiduguri Power Plant
President Bola Tinubu has approved N68 billion for the Maiduguri Power Plant in Borno State, with monthly N2 billion interventions from March 2026 to December 2028.
FG committed to innovative funding for agro-processing: Shettima
Vice President Kashim Shettima reaffirms FG's commitment to innovative financing for agricultural transformation, agro-processing, and export growth at AFCOT Grains facility inauguration in Kano.
FAAC Shares N2.03 Trillion March Revenue to FG, States, LGs
FAAC distributed N2.03 trillion for March 2026. FG got N789.15bn, states N657.59bn, LGs N468.82bn. Statutory and VAT revenues shared.
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Sanwo-Olu, Marwa Warn on Blue Economy Security Threats
Lagos Governor Babajide Sanwo-Olu and NDLEA Chairman Marwa warn against increasing maritime security threats, calling for collaboration to protect Nigeria's blue economy.
Adelabu Resigns as Power Minister, Calls for Energy Reform
Adebayo Adelabu resigns as Nigeria's Minister of Power, urging President Tinubu to create a Coordinating Minister for Energy to tackle persistent blackouts and improve sector coordination.
FG Updates Banned Imports: Food, Drugs, Consumer Goods
Nigeria's 2026 trade policy bans 17 import categories including paracetamol, poultry, tomato paste, soap, and cement to boost local production and save forex.
Man Buys 6kVA Solar Inverter After 1-Minute Daily Power, Shares Cost
A young Nigerian man bought a 6kVA solar inverter and 16kWh battery after experiencing just one minute of electricity per day. He shared the total cost online.
Nigeria Food Prices Drop 53% as Agriculture Recovers
Nigeria's food prices fall up to 53% as agriculture rebounds. Minister Kyari links food security to national stability, but challenges like high costs persist.
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Fractured World Strengthens Case for African Infrastructure
Global trends like power scarcity and geopolitical fragmentation make African infrastructure a strategic investment opportunity, not a peripheral concern.
Abba Aliyu’s REA Leadership Driving Nigeria’s Renewable Energy Revolution
Abba Aliyu transforms Nigeria's renewable energy landscape through REA, attracting $1.2B private capital, deploying 500+ mini-grids, and positioning the nation as Africa's clean energy hub.
Tinubu Seeks Senate Nod for $516M Highway Loan
President Tinubu requests Senate approval for a $516 million loan from Deutsche Bank to construct the 1,000km Sokoto-Badagry Super Highway, aiming to boost connectivity and trade.
Iran Gets First Hormuz Strait Tolls Revenue
Iran has collected initial revenue from tolls on ships passing through the Strait of Hormuz, marking a shift in the maritime standoff amid regional conflict.
Nigeria Begins Telecom Consumer Compensation Era
NCC announces automatic airtime refunds for telecom subscribers affected by poor service, marking the start of the Consumer Compensation Era in Nigeria.
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Lagos Positions for Resilient Growth at World Ahead 2026
Governor Sanwo-Olu outlines Lagos' strategy for sustainable growth, innovation, and climate resilience at The World Ahead 2026 conference in Lagos.
Solar Founder Lists 5 Checks Before Installing Solar Panels
Nnorom Godwin Chidindu, founder of De-Dub Energy Supply, warns that bad installation is the real enemy of solar in Nigeria, not thunder. He lists five essential checks before installation.
Northern Leaders Cheer Dangote's Time 2026 Honor
Business leaders across northern Nigeria celebrate Aliko Dangote as the only Nigerian on Time Magazine's 2026 list of 100 most influential people, citing his industrial impact and philanthropy.
FG Offers CNG at N200/Litre to Cut Transport Costs
The Nigerian government promotes CNG as a cheaper petrol alternative at N200 per litre, offering loans for conversion to reduce transport costs for millions.
Sunwoda Energy Launches Storage Solutions in Nigeria
Sunwoda Energy unveils advanced energy storage systems in Nigeria through a partnership with Farmtech and Komponents, targeting residential, commercial, and industrial applications.
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Andray Finance Launches Ethical Mobile Lending App in Nigeria
Andray Finance launches a transparent mobile lending app to combat predatory practices, offering fair loans and privacy protection in Nigeria's digital lending market.
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