Multiple charges undermining real estate, house rents in Lagos
Developers in Lagos face multiple regulatory fees that inflate housing costs by up to 25%, forcing rent hikes and worsening the housing deficit for millions of residents.
Category : Business
SWAN Sanitises Spirits and Wines Industry to Fight Illicit Trade
SWAN holds workshop to combat illicit trade in spirits and wines, citing N428bn revenue loss and 40% illicit market share, with stakeholders pledging collaboration.
FG Boosts CNG Capacity with New Gas Facilities Commissioned
President Tinubu commissions new CNG infrastructure in Abuja, Lagos, and Owerri to boost gas adoption for transportation, targeting one million vehicles.
Lagos Traders Lament Illegal Levies as Tax Reform Bill Advances
Traders in Lagos Island decry multiple illegal levies despite the proposed Tax Reform Bill aimed at harmonizing taxes and ending unauthorized collections.
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GERE Global Empowers 100 Schoolgirls on Climate Leadership
GERE Global empowers 100 schoolgirls in Lagos on climate awareness and environmental responsibility, inaugurating environmental ambassadors to champion tree planting.
Interswitch Unveils Digital Forecourt with Pay-As-You-Want
Interswitch launched a Digital Forecourt suite with a Pay-As-You-Want feature at the NNPC Retail Summit in Abuja, aiming to transform fuel retail through flexible payments and connected ecosystems.
NSIB Probes Vessel Collision in Bonny
The Nigerian Safety Investigation Bureau has launched an investigation into the collision between MV Maersk Valparaiso and MT Lady Martina at Bonny Anchorage, classified as a Very Serious Marine Casualty.
Ogunkale Reflects on Stewardship, Highlights Osun Interventions
Elder Bisi Ogunkale, former SSA to Osun Governor, reviews his 2020-2022 tenure, citing transformer, dam, road, and dredging projects in Aiyedire Local Council.
100 Most Influential in Travel, Hospitality, Tourism by Pyne Awards Africa
Pyne Awards Africa and MIPAD unveil the 100 Most Influential People of African Descent in Travel, Hospitality & Tourism, celebrating African excellence and impact globally.
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MTN Awards N45 Million to Youth-Led Startups
MTN Nigeria awarded N45 million to youth-led startups in health tech, fintech, education, and creative sectors. HubPharm Africa won N15 million. The initiative is part of the 'Live It 100' campaign.
Gemba Hotels Positions as Lifestyle, Creative Ecosystem
Gemba Hotels and Resorts redefines Nigerian hospitality with quiet luxury, blending wellness, culture, and creativity in Calabar.
Gtext Holdings celebrates 18 years with events
Gtext Holdings kicks off 18th anniversary with DICE conference. Founder Dr Stephen Akintayo announces diversification into security, renewable energy, and farmland banking.
Africa Faces $90bn Yearly Energy Investment Gap by 2030
Africa needs $200bn yearly for 2030 energy goals, but current investment is only $110bn, says Schneider Electric chairman.
Nigerian Breweries Appoints Runsewe as HR Director
Nigerian Breweries Plc announces Nkechi Runsewe as Human Resources Director effective August 1, 2026, succeeding Grace Omo-Lamai who retires after nearly a decade of service.
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FG, Partners Urge Nigerians to Choose Real Milk for Nutrition
The Federal Government, nutrition experts, and regulators launched the Choose Milk Campaign to promote real milk over creamers for improved nutrition in Nigeria.
RCC Unveils Enhanced SIP Trunking and Teams Direct Routing
Routercall Communications (RCC) announces upgraded Global SIP Trunking and new Microsoft Teams Direct Routing, offering borderless communication and cost savings for businesses.
Ogun Boosts Diaspora Investment in Tourism and Hospitality
Ogun State reaffirms commitment to boosting diaspora investment in tourism and hospitality, with the inauguration of Treal Hotel and Suites in Abeokuta.
Olam Agri Launches New Flour and Semolina Brands
Olam Agri's Crown Flour Mill launches Mama's Choice Flour and Mama's Pride Semolina, targeting evolving consumer needs with superior quality and affordability.
Wema Bank Names 10-Year-Old as One-Day MD/CEO Winner (30.05.2026)
Wema Bank appoints 10-year-old Chinmamanda Diamond Ozoakpata as one-day MD/CEO for 2026 Children's Day, promoting financial literacy and youth leadership.
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Petrol Price Hits N1,532.93 Per Litre in April
NBS reports petrol price rose to N1,532.93/litre in April, up 18.97% from March. Diesel also surged 50.16% month-on-month to N2,474.69/litre.
Subsidy Removal Saved Nigeria from Bankruptcy Tinubu
President Tinubu says fuel subsidy removal saved Nigeria from bankruptcy, with economic reforms showing gains. Governors praise the policy at a Sallah meeting in Lagos.
SIA Foundation Awards $10,000 Grants to Six Ventures
SIA Foundation grants $10,000 to six startups in Cohort 3 of SIA Startup Foundry, supporting agritech, edtech, clean energy, and more.
NSIB Probes Bonny Vessel Collision
The Nigerian Safety Investigation Bureau has launched a full investigation into a collision between a container vessel and an oil tanker at Bonny Anchorage, Rivers State, classifying it as a very serious marine casualty.
Nigeria Achieves Major Gains in Food Security and Agriculture
Nigeria has made significant progress in food security and agricultural productivity under President Tinubu, with food prices dropping by up to 50% in some areas.
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FLPOIF and NDLEA Join Forces Against Illicit Farming
FLPOIF and NDLEA sensitized rural women in Ondo to abandon illicit farming and embrace legal agriculture through the Alternative Development Programme.
Nigerian Stock Market Ends May Higher, Investors Gain N414bn
The Nigerian equities market rebounded on May 29, 2026, with the ASI rising 0.26% as investors gained N414.52 billion in market value, driven by strong demand in selected stocks.
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Steel Tanks Transform Nigeria's Water Storage Crisis
High-quality steel water tanks offer a durable solution to Nigeria's water storage challenges, bridging gaps in supply and enhancing autonomy for communities.
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Nigerian Breweries Appoints Nkechi Runsewe HR Director
Nigerian Breweries Plc appoints Nkechi Runsewe as Human Resources Director, effective August 1, 2026. She succeeds Grace Omo-Lamai, who retires after nearly a decade of service.
Plateau, Namibia Partner on Tourism, Mining, Livestock
Plateau State and Namibia begin talks on tourism, mining, livestock, and trade partnership, aiming to boost economic ties and intra-African cooperation.
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Tinubu: Nigeria's Economy More Competitive Than 2023
President Tinubu urges support for reforms, citing stronger public finances, booming stock market, and infrastructure expansion in his third anniversary speech.
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