Renaissance Chair Urges Stricter Mining, Energy Regulation
Dr Layi Fatona, Chairman of Renaissance Africa Energy, advocates for firmer oversight in Nigeria's mining and energy sectors to support economic growth and avoid environmental risks.
Category : Business
Denmark Eyes Investment in Nigeria's Shipbuilding, Digitalisation
Denmark's Consul General identifies maritime transport, shipbuilding, digitalisation, and green tech as key areas for strengthening bilateral relations and advancing Nigeria's blue economy.
NAICOM Issues Policyholder Fund Guidelines, May 31 Deadline
The National Insurance Commission has released guidelines for the Insurance Policyholders' Protection Fund, with a compliance deadline of May 31, 2026, to safeguard policyholders from insurer insolvency.
Shipowners: High Duties Cause $8.5bn Yearly Capital Flight
Indigenous shipowners warn that Nigeria's high import duties on vessels and preferential treatment for foreign operators are crippling the shipping industry, leading to an estimated $8.5 billion in yearly capital flight.
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Port Proliferation Without Cargo Traffic Puts Investments at High Risk
Maritime stakeholders warn that Nigeria's proliferation of deep seaport projects, driven by political motives rather than cargo demand, risks economic unviability and huge financial losses.
Airtel Hits 650M Global Users, Grows Nigerian Sites to 17,200
Bharti Airtel has achieved a global milestone with over 650 million mobile subscribers, becoming the world's second-largest telecom operator. In Nigeria, the company expanded its site count to 17,200, enhancing high-speed coverage and infrastructure.
Nigeria-UK £746M Ports MoU: Strategic Challenges and Opportunities
The landmark £746 million Nigeria-UK MoU aims to modernize key ports but faces hurdles like regional imbalances, tied financing favoring UK suppliers, and governance risks. Success requires inclusive investment across ports like Onne and Calabar to boost
ICTN Procurement Starts After Presidential Nod
The Federal Government has begun implementing the International Cargo Tracking Note following presidential approval, aiming for rollout by 2026 to enhance maritime security and trade transparency.
SON Urges Manufacturers to Adopt Standards for Global Competitiveness
The Standards Organisation of Nigeria (SON) has called on local manufacturers to prioritize producing standard products to enhance the competitiveness of Nigerian goods in international markets, reduce import reliance, and boost exports.
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UN Chief: Dangote Key to Africa's Food Security, Needs Global Support
UN Deputy Secretary-General Amina Mohammed emphasizes Dangote Industries' critical role in addressing Africa's food crisis during a Lagos visit, urging enhanced global collaboration to scale its impact.
Grid Inefficiency Stifles Nigeria's Digital Economy
Nigeria's telecommunications sector, a key GDP contributor, faces severe challenges due to chronic power grid failures, hindering 5G expansion and rural connectivity while driving up operational costs.
Abuja Rainstorm Damages Transport Project, Causes Gridlock
A heavy rainstorm in Abuja damaged the newly built Kugbo bus terminal, causing major traffic jams on the Abuja-Keffi Road. The incident has raised concerns about infrastructure durability.
N11,000 Market Haul in Kano Declared 'So Cheap' by Shopper
A woman in Kano State showcased the variety of foodstuffs she purchased at the local market for only N11,000, highlighting affordable prices amid economic concerns.
Afreximbank's $10B Lifeline for Africa, CARICOM Amid Conflict
The African Export-Import Bank has approved a $10 billion Gulf Crisis Response Programme to shield African and Caribbean economies from Middle East conflict shocks, focusing on imports, energy, and infrastructure.
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Rainstorm Damages Abuja's Kugbo Bus Terminal, Causes Gridlock
A heavy downpour on Tuesday severely damaged the newly built Kugbo Bus Terminal in Abuja, with roof sections collapsing and debris blocking the Nyanya-Keffi Expressway, causing hours-long traffic congestion and stranding commuters.
Access Bank Backs Ogun's Airport Vision, Applauds Policies
Access Bank CEO Roosevelt Ogbonna commends Ogun State's investor-friendly policies and supports the Gateway International Airport project, highlighting strong public-private partnerships for economic growth.
Aminu Dantata's Net Worth and Legacy in 2026
Explore the life and wealth of Aminu Dantata, a Nigerian business magnate whose net worth was estimated in billions. Learn about his family, career, and philanthropic impact.
Storm Wrecks Kugbo Bus Terminal, Triggers Abuja-Keffi Gridlock
A severe rainstorm in Abuja damaged the new Kugbo Bus Terminal, causing debris to block the Abuja-Keffi Road and leading to hours of traffic chaos, with scavengers looting materials amid the disruption.
Ogun Commissions ATC Industrial Park, Flags Off Mall in Ode-Remo
Ogun State Government commissions the ATC Business and Industrial Park in Ode-Remo, Remoland, and flags off a shopping mall project to boost industrialization and economic growth.
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Nigerian Woman Exposes Forex 'Gurus' Recruitment Profits
A Nigerian woman's viral TikTok video exposes the Forex trading industry, claiming influencers profit from recruiting students rather than actual trading. She describes it as exploitative, sparking online debate.
Rainstorm Destroys Wike's Abuja Bus Terminal, Causes Gridlock
A heavy rainstorm severely damaged the Kugbo bus terminal in Abuja, ripping off its roof and causing major traffic disruptions. No casualties were reported, but scavengers looted debris as Nigerians question the project's durability.
Nigerian Stock Market Gains N208.65bn After Easter Holiday
The Nigerian stock market opened the new trading week bullish, with market capitalization increasing by N208.65 billion. Strong buying interest in Cadbury Nigeria, First Holdco, and Honeywell Flour Mills drove the rally, while Transnational Corporation an
Lagos 4th Priciest African Rental City, Rent N26.8M Annually
Lagos is now Africa's fourth most expensive city for renting a two-bedroom apartment, with annual costs soaring to N26.8 million. The income-to-rent ratio has surged to 70%, far exceeding UN affordability standards, driven by high demand and limited suppl
Diesel Prices Soar Above N2,000/Litre at Nigerian Depots
Diesel prices at major Nigerian depots have exceeded N2,000 per litre, driven by rising global crude oil costs and supply constraints. Retail pump prices are expected to increase as marketers adjust to higher procurement expenses.
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Ecobank Nigeria Offers 8.95% Interest on Target Savings
Ecobank Nigeria has revised its savings interest rates to 7.95% for standard accounts and 8.95% for target savings, effective March 1, following CBN's MPR adjustments.
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Heliconia Park Hotel Lagos Launches Oasis Gourmet Restaurant
Heliconia Park Hotel & Spa Lagos has officially launched Oasis Gourmet Restaurant and Pool Bar, a new fine dining destination in Victoria Island. The launch event attracted distinguished guests and business leaders.
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Tinubu to Commission Opebi-Mende Bridge in Lagos
President Bola Tinubu will officially open the Opebi-Mende Link Bridge in Lagos this week, a strategic infrastructure project designed to improve connectivity and reduce traffic congestion in the metropolis.
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Tetracore Energy Launches New CNG Station in Benin City
Tetracore Energy Group has commissioned a new Auto Compressed Natural Gas station in Uwusan, Benin City, with capacity to fuel 200 vehicles daily, enhancing sustainable transport and industrial energy access in Nigeria's critical growth corridor.
NCC Enforces Telecom Compensation for Poor Service
The Nigerian Communications Commission has mandated telecom operators to compensate subscribers for poor service quality from April, covering voice, data, and SMS failures without requiring applications.
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DMO Announces 14.082% Interest on April 2026 Savings Bonds
The Debt Management Office has set interest rates up to 14.082% per annum for the April 2026 Federal Government Savings Bonds, offering secure investment options with quarterly payments and tax benefits.
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