LASERC reforms target 11,000MW Lagos power deficit
LASERC unveils reforms to address 11,000MW power deficit in Lagos, targeting cost-reflective tariffs, full smart metering, and licensing 14 new operators to boost electricity supply.
Category : Business
NATOP Promotes Green Tourism in Abuja Tour
NATOP hosts Abuja Green City Tour to promote eco-friendly tourism and sustainable transport, showcasing green destinations in Nigeria's capital.
Weak Policies, Enforcement Discourage Livestock Investors
Weak policies and compliance gaps hinder investment in Nigeria's livestock industry, undermining food safety and economic growth, stakeholders say.
Publisher Calls for Reforms in Nigeria's Auto Sector
Motoring World publisher Femi Owoeye calls for reforms to address poor data transparency and limited media access in Nigeria's automotive sector ahead of its 30th anniversary.
LBIC Gross Earnings Up 41%, Boosts Mortgage Financing
LBIC reports 41% gross earnings growth to N3.56bn, 43% PBT increase to N1.65bn, and plans capital raise of N5bn to expand mortgage financing.
Initiative Targets SME Cash Flow Issues in Nigeria
Money Talks, a financial literacy program by MSME Credit Direct, aims to help Nigerian SMEs improve cash flow management and reduce failure rates.
Emirates Restores 96% of Global Network
Emirates Airlines has restored 96% of its global network as the Middle East crisis eases, operating 137 destinations across 72 countries with over 1,300 weekly flights.
FAAN Reaffirms Commitment to Nigerian Army Air Logistics
FAAN MD Olubunmi Kuku assures Nigerian Army of support for air transport operations, including welfare flights and potential restart of Army Air Freight Company.
Nigeria Pension Assets Reach N29.5 Trillion
Nigeria's pension assets rose to N29.52 trillion in March 2026, driven by increased investment in government securities and domestic equities, highlighting the growing role of pension funds in the economy.
Lady Shares Solar Panel Cost for AC and Fridge
A lady revealed the amount she was asked to pay for a solar system that can power one AC and a fridge, sparking reactions from Nigerians online.
Lagos Lady's N250,000 Rent Unchanged Since 2020
A Nigerian lady on X reveals her family pays N250,000 for a 3-bedroom apartment in Lagos since 2020, with no rent increase. Similar houses cost N1.2 million.
Man Buys Gold at N160k, Later Offered N145k Per Gram
A Nigerian man who bought 50 grams of gold at N160k each to resell is heartbroken after a buyer offered only N145k per gram, sparking online reactions.
Abuja Estate Aims to Attract Diaspora and Foreign Investors
Rosefield Industries launches Maliyah Hills Estate in Abuja, a diaspora-friendly investment hub. The project promises modern, secure housing for local and foreign buyers, with quality infrastructure and long-term value.
Ondo State Partners NIPC to Boost Investment Inflow
Ondo State Government collaborates with NIPC to drive practical investment solutions, streamline investor access, and enhance ease of doing business.
Kano Recovers N1.8bn Illegal Salary Deductions from Loan Vendors
Kano State sets up committee to recover N1.8bn illegally deducted from civil servants' salaries by private loan vendors, suspends further loan contracts.
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Maltina Nourishment Tour Hits Tomike Adeoye's Alma Mater
Maltina's Nourishment Tour reached Maverick College in Ibadan, engaging students with science experiments and nutrition education as part of its 50th anniversary celebrations.
French Embassy, Nile Uni Launch Recycling Plant
The French Embassy and Nile University launched a plastic recycling micro-plant in Abuja to tackle Nigeria's 32 million tonnes annual solid waste crisis, promoting waste-to-wealth and sustainability.
Man Reviews 5kWh Lithium Solar System After 10 Months
A man who bought a 5kWh lithium solar system on installments shares his review after 10 months, revealing the total cost and benefits of going off-grid.
Local Rice Hits N112,000 Per 50kg Bag as Food Prices Soar
NBS reports local rice price surged 20.5% to N112,000 per 50kg bag in March 2026. Foreign rice, eggs, beans, garri, onions, and ginger also saw increases.
Nigeria's Digital Divide Narrows Amid Urban Congestion
Nigeria's rural connectivity improves with faster speeds, but urban centers like Ikeja and Gwarimpa face growing congestion due to rapid expansion and data demand.
Dangote Unveils 20,000MW Power Project to Challenge Otedola
Africa's richest man, Aliko Dangote, plans a 20,000MW power project, exceeding Nigeria's current grid supply, potentially competing with Femi Otedola's Geregu Power.
Turkiye Unveils First ICBM Prototype at SAHA 2026
Turkiye unveiled its first intercontinental ballistic missile prototype, Yildirimhan, at SAHA 2026 in Istanbul, signaling a major leap in defence autonomy.
Dangote Plans 20,000MW Power Generation Investment
Aliko Dangote announces Dangote Group's plan to invest in power generation targeting 20,000MW, alongside fertiliser, LNG, and port projects, aiming to address Africa's infrastructure gaps.
Cooking Gas Price Jumps N100 as Dangote Refinery, Dealers Release New LPG Rates
Nigerian households face another cooking gas price hike as Dangote Refinery and other dealers adjust LPG rates, pushing retail prices up by N100 to N150 per kilogramme.
Nigeria’s Keyamo Seals Major Airbus Partnership in France
Nigeria’s aviation minister Festus Keyamo secured agreements with Airbus and French institutions, boosting domestic airlines’ access to aircraft under a sovereign guarantee framework.
NRS Extends Saturday Tax Office Operations for Rev360
Nigeria Revenue Service extends Saturday tax office operations nationwide from May 8 to June 27, 2026, ahead of Rev360 Phase I rollout, to enhance taxpayer support.
Earn as an IB Partner in Africa: The Full Guide
Discover how Introducing Brokers can earn by referring traders in Africa's growing digital asset market. Learn about the IB model, earnings, and success factors.
50kg Local Rice Hits ₦112,000, Foreign Rice Now ₦133,975
The price of a 50kg bag of local rice in Nigeria has risen to ₦112,000, while foreign rice costs ₦133,975, deepening the food crisis and raising concerns over affordability.
Enugu to Begin 660MW Coal Power Plant in July: Mbah
Governor Peter Mbah announces July groundbreaking for a 660MW coal-fired power plant in Enugu, aiming to boost electricity supply and drive economic growth from $4.4bn to $30bn.
Tegbe Vows Power Reforms, Blames Sabotage for Grid Failures
Newly confirmed Power Minister Olasunkanmi Tegbe promises 100-day reforms, holds himself accountable for grid failures, and vows to tackle sabotage in Nigeria's power sector.
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