Building Material Prices Surge Over 60% in Nigeria
Building material prices in Nigeria have surged over 60% due to inflation, exchange rate instability, and high transport costs, worsening the construction crisis.
Category : Business
Obi Warns Against Nigeria's Politics Obsession
Peter Obi warns that Nigeria's preference for politics over entrepreneurship threatens economic future, criticizes high-interest rates and declining Igbo apprenticeship system.
Lagos Residents Lament Waste Crisis, Seek Action
Lagos residents are overwhelmed by uncollected waste, fearing disease outbreaks. PSP operators blame dumpsite conditions, while LAWMA reports evacuating 418,500 tonnes in May.
Electricity Crisis: Tegbe's Promise and Politics of Darkness
New Power Minister Joseph Tegbe pledges grid stabilisation in 100 days. But Nigeria's electricity sector faces deep systemic issues including over-centralisation, gas paradox, and institutional weakness.
Rite Foods Expands Climate Education and Recycling Drive
Rite Foods intensifies climate education in Lagos and Ogun schools, expanding its 'Waste-Is-Naira' recycling initiative to promote environmental sustainability among young students.
Cruxstone unveils Nautica waterfront tourism plan in Lagos
Cruxstone Group unveils Nautica Ecosystem, a large-scale integrated waterfront destination on Lagos' Lekki Peninsula, boosting tourism and real estate.
NCDMB Targets Q4 2026 Take-Off for Bayelsa Oil Gas Park
NCDMB confirms the Nigerian Oil and Gas Park Scheme in Bayelsa will start operations in Q4 2026, with a 2.5MW CNG power plant to be installed for industrial activities.
Lagos Certifies Homeowners, Commits to Affordable Mortgage Scheme
Lagos State Mortgage Board reaffirms commitment to affordable housing through LagosHOMS, certifying beneficiaries and expanding homeownership opportunities for low-income earners.
Climate Financing: Nigeria's Carbon Market Runs Ahead of Rules?
Nigeria has 350 carbon projects but lacks sovereign authorisation and public registry, leaving communities and the country with a climate finance gap.
Investors Gain N1.4 Trillion as Market Cap Crosses N156 Trillion
Nigerian equities market rally continues with N1.38 trillion gain, ASI up 0.88%, and year-to-date return at 57.27% amid strong buying interest.
Nigeria's forest elephant population drops to 400
Nigeria warns habitat loss, poaching, and illegal logging have reduced forest elephant population to about 400, prompting urgent conservation calls.
Anatomy of Reform 11: Institutionalising Reset, Preventing Reversal
The final part of Anatomy of Reform series examines how to sustain Tinubunomics amid reform fatigue, offering prescriptions to prevent policy reversal and institutionalise gains.
CIT Falls 31% as VAT Grows 17% in Q1 2026
Nigeria's Company Income Tax revenue dropped 31% to N1.37 trillion in Q1 2026, while VAT rose 17% to N2.42 trillion, according to NBS data.
Stakeholders Push for Stronger Gambling Harm Prevention
Stakeholders at a Lagos symposium urged stronger player-protection measures across Africa's gaming sector to curb underage gambling, addiction, and related harms.
Expert Urges New Investors to Use Mutual Funds
Elile Olutimayin of CardinalStone Partners advises first-time investors to choose mutual funds over direct stock buying to avoid common mistakes and losses during market rallies.
Heirs Insurance Surpasses 3 Million Policy Subscribers
Heirs Insurance Group exceeds 3 million policyholders in five years, paying N21 billion in claims in 2025 and boosting insurance penetration in Nigeria.
Human activities push global warming towards 1.5°C
Human activities have pushed global warming to 1.37°C in 2025, with projections to surpass 1.5°C within four years, according to the IGCC 2026 report.
Rivers State Urges Renewed Commitment to Environmental Sustainability
Rivers State calls for environmental sustainability and tree planting to restore Port Harcourt's Garden City status, addressing flooding, pollution, and waste issues.
Initiative Seeks to Institutionalise Green Building in Nigeria
Stakeholders launch Construction Project GreenCard to institutionalise green building in Nigeria, offering affordable local certification for sustainable construction.
NIESV Warns Against Profession Encroachment, Mourns Mark
The Nigerian Institution of Estate Surveyors and Valuers warns members about encroachment by other professions, urging unity to protect the field's survival.
UAE Midday Work Ban Begins June 15, 2026 for 22nd Year
The UAE starts its annual midday work ban on June 15, 2026, protecting outdoor workers from extreme heat with restrictions from 12:30pm to 3pm until September 15.
Twelve Killed in Missouri Plane Crash Near Airport
Twelve people died after an aircraft crashed near Butler Memorial Airport in Missouri. Emergency responders and investigators are working at the scene.
Yobe Govt Seeks N1bn to Revive Microfinance Bank
Yobe State Government plans to seek N1 billion to revive the Yobe Microfinance Bank, aiming to boost financial inclusion and economic development across the state.
Ex-Ayade Aide Donates Facility for Road Project
Dr Oscar Ofuka, former aide to ex-Governor Ayade, donates a police station to support the rehabilitation of Ikom-Obudu road in Cross River State, boosting infrastructure and security.
Jigawa Vows Support for Environment and Climate Adaptation
Governor Umar Namadi of Jigawa State distributes aquatic weed removal and canal clearance equipment to 15 community groups to combat flooding and environmental degradation.
Nigeria Q1 2026 GDP: Key Sectors' Performance Breakdown
Nigeria's real GDP grew by 3.89% in Q1 2026, driven by agriculture, services, ICT, manufacturing, construction, and finance. Full sector breakdown inside.
Samsung Ends Support for Galaxy M53 5G in June 2026
Samsung has ended software support for the Galaxy M53 5G as of June 2026, halting security updates. The phone received four major Android upgrades, exceeding expectations. Users are advised to keep apps updated or consider newer models.
IMF Lists Africa's Top 10 Richest Economies for 2026
The IMF has released its 2026 nominal GDP rankings for Africa's top 10 economies, with South Africa leading, Nigeria at third, and DR Congo and Ethiopia showing rapid growth.
Max Air Resumes Full Ops June 15; NCAA Certifies Pioneer Airlines
Max Air resumes full flight operations on June 15 after maintenance. NCAA grants Pioneer Airlines AOC for charter services, urging strict safety compliance.
Nigeria saves N61.58bn on fertiliser imports, secures 2026
Nigeria saved N61.58 billion on fertiliser imports through early procurement, securing supply for the 2026 wet season and boosting food production.
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