Lagos Hikes Land Fees by Up to 300% in 2026
Lagos State increases Governor's Consent, stamp duties, and other land fees by up to 300%. New valuations affect Lekki, Ikoyi, and Banana Island. Effective May 1, 2026.
Category : Business
Cooking Gas Price Set to Hit N1,500/kg as LPG Shortage Worsens
LPG shortages in Nigeria may push cooking gas prices from N1,300/kg to N1,500/kg due to rising demand and shrinking depot stocks, industry operators warn.
Nigeria's N144.7 Trillion Debt: Tinubu's Borrowing Explained
President Tinubu seeks a fresh $1.25 billion World Bank loan amid rising debt. Nigeria's total public debt could exceed N160 trillion. Full breakdown of creditors.
Nigeria Launches Digital TV with 100 Free Channels June 17
Nigeria's digital switchover platform launches June 17, 2026, offering over 100 free-to-air channels. Minister Idris says the system improves broadcasting quality and audience measurement.
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NEM Insurance Assets Surge to ₦186bn in 2025
NEM Insurance Plc's total assets rose to ₦186 billion in 2025, driven by higher premium generation, improved investment income, and operational efficiency, reflecting sector growth.
Cargo Traffic Rises as Nigeria’s Port Reforms Gain Momentum
Cargo throughput at Nigerian ports rises as reforms boost efficiency, reduce delays, and improve investor confidence in the maritime sector.
IMF Warns Nigeria's Budget Credibility Crisis Deepens
IMF report warns Nigeria's weak budget credibility undermines macroeconomic stability, citing revenue shortfalls, multiple budget execution, and fiscal deficit overruns.
LASG Awards N900m Grants to 155 Researchers, Startups
Lagos State Government provides N900m grants to 80 researchers and 75 startups. Also, 6.46 million residents registered for Lagos Identity Card.
Experts Urge Coordinated Action on Nigeria's Digital Economy
BPP boss calls for five strategic priorities to boost digital resilience and inclusion at CPN assembly in Abuja.
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TotalEnergies Reaffirms Inclusive Workplace Commitment
TotalEnergies EP Nigeria restates dedication to safety, competency development, and inclusive workplace, aiming to achieve business objectives and national goals in the oil and gas sector.
Emirates Group Posts Record $6.6 Billion Profit
Emirates Group announced a record profit before tax of $6.6 billion for 2025-26, up 7% year-over-year, with revenue of $41 billion and cash assets of $16.2 billion.
FirstHoldco’s Capital Rebound: Cleaning the Books
FirstHoldco addresses bad loans with transparency, boosting capital and investor confidence. Q1 2026 shows improved performance and reduced impairments.
Union Seeks Africa's Reindustrialisation for Jobs
IndustriALL regional officer Kenneth Mogane urges Africa's reindustrialisation to create manufacturing jobs, criticising reliance on imports and lack of refining capacity in Nigeria.
Financial Readiness Non-Negotiable for Nigerian Nano-SMEs
Experts stress that financial readiness is critical for Nigeria's nano-SMEs to evolve from subsistence to structured digital economy participants.
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Visa Launches AI-Powered Tools for Payment Disputes
Visa introduces six AI-powered dispute resolution services to reduce costs and complexity for merchants, banks, and financial institutions globally.
Akpabio Seeks Support for Agricultural Institutions
Senate President Godswill Akpabio urges stronger support for agricultural colleges to tackle food insecurity, as AFAN warns of threats from insecurity and rising fertiliser costs in Kaduna.
Oyetola Inaugurates Institute of Maritime Studies at UNILAG (14.05.2026)
Minister Adegboyega Oyetola unveils Institute of Maritime Studies at UNILAG, stressing knowledge-driven development for Nigeria's blue economy growth.
Ecobank Pledges $3 Billion for African Trade Finance
Ecobank Group announces a $3 billion trade finance commitment over three years to support intra-African trade, reinforcing regional value chains and industrial growth across the continent.
FG inaugurates traditional rulers committee on PHC
The Federal Government has inaugurated the Southern Traditional Rulers Committee on Primary Health Care to strengthen PHC delivery and improve health outcomes across southern states.
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Telcos Pledge Improved Telephone Services by Year-End
Telecommunications companies in Nigeria commit to resolving network disruptions and improving service quality before the end of the year, addressing public concerns over call drops and data issues.
REA Partners Launch $188M Solar Facility
The Rural Electrification Agency, with partners, launched a $188 million green finance facility to deploy 191 MW of distributed solar, targeting households and businesses to boost energy access in Nigeria.
Gidillo Platform to Transform Nigeria's Real Estate Market
Gidillo, a new digital real estate platform, launches in Nigeria to combat fraudulent listings and improve transparency. Founders Seyi Boroffice, Joy Boroffice, and Daniel Olagunju unveil an all-in-one marketplace with verified listings, integrated wallet
Academy Launches RAPID Framework for African Supply Chains
Multimix Academy and African Centre for Supply Chain unveil RAPID framework to address forex crises and disruptions, aiming to boost Nigeria's logistics performance.
Africa CDC, Aspen Discuss Sustainable Vaccine Production
Africa CDC and Aspen Pharmacare discuss a long-term framework to boost sustainable vaccine manufacturing in Africa, reducing import reliance and enhancing health security.
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FG Sets June for Digital TV Switchover Launch
Nigeria's digital TV switchover is set for June 2026, ending years of delays. Minister Idris announced improved broadcasting and affordable access.
CRC Credit Bureau Wins Diamond Award for Best Credit Bureau
CRC Credit Bureau Limited has won the Diamond Award for Best Credit Bureau of the Year at the West African Innovation Awards 2026, marking a consecutive win that highlights its commitment to innovation and excellence in credit information services across
Ben Murray-Bruce: Silverbird Began with N20,000 Loan from Siblings
Senator Ben Murray-Bruce shares how Silverbird Group started with a N20,000 loan in 1980, overcame a military coup, and transformed NTA into 24-hour broadcasting.
Obi Courts UK Investors, Pushes MSME Growth in London
Peter Obi meets UK investors and officials in London to promote trade ties and MSME-led growth, emphasizing agriculture and manufacturing for job creation.
Lagos Gives N900m Grants to 155 Researchers and Startups
Lagos State Government provides N900 million grants to 80 researchers and 75 startups to drive innovation, while 6.46 million residents register for Lagos identity card.
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Bauchi Starts N29.6bn World Bank Erosion Control Work
Bauchi State Government launches N29.6 billion erosion control project under World Bank-funded ACReSAL, aiming to restore 9,842 hectares and protect 213,000 people.
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