The World Bank reveals Nigeria's poverty rate increased to 63% in 2025, affecting 150 million people, despite lower inflation. Structural issues like weak agriculture and global conflicts hinder progress.
Ashmark Global Resources Limited has delivered a state-of-the-art Auto Compressed Natural Gas station in Uwusan, Benin City, Edo State, for Tetracore Energy Group. The facility has a capacity of 120,000 SCMD and can serve over 200 vehicles daily, supporti
Under President Tinubu's administration, Nigerians face aggressive hikes in fees for passports, licenses, and cargo, with experts warning of unsustainable governance and exclusion of the vulnerable.
The World Bank has revised Nigeria's 2026 economic growth projection downward to 4.1%, citing structural constraints, security concerns, and policy uncertainty ahead of the 2027 elections.
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The Central Bank of Congo will prohibit cash transactions in foreign currencies starting April 2027, allowing only electronic foreign currency payments. This follows Tanzania's similar move to combat dollarisation.
Chinedu Akanigwo, known as HairbyHairboy, leverages TikTok visibility to expand his Lagos-based hairstyling business, showcasing how digital platforms transform service industries.
Gbeminiyi Shoda, MD of Structure HQ, unveils vision to make institutional-grade governance accessible across Africa, addressing the 'governance paradox' and enabling global competitiveness.
NACCIMA intensifies efforts to enhance Nigerian businesses' global competitiveness, addressing trade barriers and leveraging opportunities like AfCFTA and digital economy.
Lagos-based beauty distributor Teeka4 is creating structured pathways for international skincare brands to enter Nigeria and West Africa's rapidly growing market, addressing supply chain challenges and building trust through education and verified network
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Unilever Nigeria's food business merges with McCormick in a $44.8 billion deal, creating global flavor leader but leaving local production of Knorr, Royco, Lipton uncertain as company assesses impacts.
World's billionaires gained $265 billion in a single day amid US-Iran ceasefire optimism. Mark Zuckerberg led with a $12.8 billion increase as Meta shares surged 6.5%, overtaking Elon Musk's gains.
Nigerian entrepreneurs criticize the Financial Reporting Council's new N50,000 per director levy, citing excessive taxation and regulatory hurdles from agencies like SON and NAFDAC that stifle SME growth.
Telecom subscribers in Nigeria are calling for enhanced security measures to combat rising vandalism of critical infrastructure, with 656 power assets stolen in 2025 and fibre cuts spiking in early 2026, threatening network reliability.
Under the Tinubu administration, Nigerians face steep hikes in fees for passports, licenses, and cargo, with experts warning of unsustainable governance and exclusion of the poor.
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President Tinubu's economic reforms have boosted revenues, but structural issues in public financial management cause leakages. Experts propose three key changes to enhance accountability and service delivery in Nigeria.
Nigeria has called on the United Nations to promote an equitable hydrogen economy, warning against past inequalities in energy systems. Minister Abubakar Bagudu emphasized inclusivity at a UNIDO conference in Vienna.
Nigeria's oil sector leaders commit to 3 million barrels per day production but stress reducing high costs via technology and efficiency at SPE forum.
ExxonMobil signals potential $24 billion investment in Nigeria's deepwater oil, focusing on Bosi field development with new FPSO unit and pipelines, marking 20 years of Erha project.
Borno State Governor Babagana Zulum has inaugurated 20 electric luxury buses in Maiduguri to combat rising transport costs, part of a green energy initiative supported by President Tinubu.
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West African governments agreed to cut aviation charges by 25% in 2024, but three months after the 2026 deadline, compliance is lacking. High taxes keep airfares among the world's highest, hindering regional integration and economic growth.
The World Bank has warned Nigeria that without urgent action to reopen the petrol import market and ease trade restrictions, the country faces a renewed surge in inflation due to tightening supply and rising global oil prices.
United Bank for Africa has graduated 720 young professionals under its Graduate Management Accelerated Programme, with Chairman Tony Elumelu urging them to embrace hard work, discipline, and resilience as they enter the workforce.
The Trade Union Congress urges the Federal Government to slash pump prices, using excess crude revenue to subsidize refineries, as Middle East conflict drives costs to N1,500.
The Pan-African Manufacturers Association expresses deep concern over costly barriers hindering cross-border trade in Africa, despite the African Continental Free Trade Area agreement.
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Nigeria intensifies efforts to harness its blue economy potential, targeting over $3 trillion annually. Industry leaders call for investment and reforms to address structural bottlenecks in maritime logistics and connectivity.
The Food and Beverage Recycling Alliance recovered over 2.2 tonnes of recyclable materials in Ajegunle, Lagos, during Global Recycling Day activities, engaging over 500 participants.
The Federal Government has inspected the new Abeokuta power substation in Ogun State, a key Presidential Power Initiative project expected to add 480MW capacity and enhance electricity supply nationwide by end of 2026.
Tony Elumelu, Chairman of United Bank for Africa, pledges to expand conversion of outsourced staff to full-time roles as UBA graduates 720 trainees from its Graduate Management Accelerated Programme.
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has introduced a three-year development plan aimed at increasing Africa's share in the global cocoa and coffee markets. The initiative focuses on value addition, sustainable farming, a
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Wema Bank Plc has announced a 116% increase in profit before tax to N221.85 billion for the 2025 financial year, with gross earnings rising to N660.6 billion. The bank attributes this growth to improved interest income and digital banking revenues.
