Raheem Okoya, son of industrialist Razaq Okoya, refutes claims his lifestyle is funded solely by his father's fortune. He reveals his salary, music investors, and decade-long preparation for his executive role at Eleganza Industries.
ALTON Chairman Engr. Gbenga Adebayo states Nigeria has adequate telecom infrastructure for real-time electronic transmission of election results, countering Senate claims of inadequacy.
Nigerian industrialist Abdulsamad Rabiu overtakes Egyptian magnate Naguib Sawiris to become Africa's fourth richest with $11.3 billion net worth, while Aliko Dangote approaches $32 billion, highlighting Nigeria's growing industrial influence.
Dangote Group has signed a $400 million construction equipment agreement with China's XCMG to support the expansion of its refinery from 650,000 to 1.4 million barrels per day, with polypropylene and urea production also set to increase significantly.
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Nigeria has committed to hosting the Combined Maritime Task Force headquarters for the Gulf of Guinea, pledging to provide offices, ships, helicopters, and personnel to enhance regional maritime security against piracy and trafficking.
The Central Bank of Nigeria collaborates with West African central banks to advance the Eco single currency project, targeting a 2027 launch with strict economic criteria for member nations.
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Analysis of Bitcoin's potential recovery in 2026, examining Federal Reserve policy shifts, institutional ETF flows, global liquidity trends, and inflation risks shaping the crypto market outlook.
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Premium Mexican tequila brand Cazcabel officially launches in Nigeria with Afrobeats sensation Ruger as brand ambassador. The partnership kicks off the 'True To My Vybe' campaign targeting young, upwardly mobile consumers.
Nigeria records its lowest food inflation rate in a decade at 8.89% in January 2026, driven by government policies and a stronger naira, leading to reduced prices for rice and other staples across markets.
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Nigeria's electricity generation plummeted to just 1,471MW after 17 power stations shut down, exposing severe structural weaknesses in the national grid and raising concerns about system management.
Retail cooking gas prices have dropped nationwide, with some outlets selling as low as N900/kg. Improved imports and depot supply have stabilized the market, with Nigeria now having 18 days of LPG sufficiency.
The Central Bank of Nigeria is set to release new operational guidelines for Bureau De Change operators this week, coinciding with the naira's appreciation to N1,390 per dollar in the parallel market, narrowing the exchange rate gap significantly.
Wema Bank has announced the opening of applications for its 2026 Bankers-in-Training (Sales) Program, offering young Nigerian graduates a structured career path in banking with training in Lagos, Ibadan, Abuja, and Port Harcourt.
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Nigerian conglomerate TGI Group partners with India's Reliance Consumer Products to create a joint venture aimed at delivering global quality FMCG products at affordable prices across West Africa.
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The Federal Government has launched a comprehensive industrial policy aimed at reviving dormant factories and boosting domestic manufacturing. Key measures include a proposed N3 trillion recapitalisation of the Bank of Industry, tax harmonisation, and low
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Ogun State under Governor Dapo Abiodun has revolutionized agriculture, attracting youth with modern training, infrastructure, and grants up to ₦10 million, shifting farming from a last resort to a profitable career choice.
Frigoglass Group has finalized the sale of its Nigerian packaging holdings, including Beta Glass Plc, to Helios Investment Partners, marking a significant ownership transition for West Africa's leading glass manufacturer.
A violent fight broke out among passengers on a Jet2 flight from Turkey to the UK, forcing the pilot to make an emergency landing in Brussels. The disruptive passengers were arrested and banned for life.
Dangote Petroleum Refinery has reduced its Automotive Gas Oil price to N880 per litre, marking a N30 drop. This move positions it below competing importers and aims to lower operational costs for Nigerian industries.
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A Nigerian landlord prevented a tenant from installing large solar panels on the roof, leading to a viral reaction from the installer and mixed public opinions on property damage and clean energy needs.
Nigeria's domestic refining capacity surged 57% in three months, reducing fuel imports significantly. The NMDPRA credits Dangote Refinery for driving output gains, though analysts warn sustainability depends on crude supply and policy consistency.
Dangote Refinery supplied 62% of Nigeria's petrol in January 2026, marking a historic shift from import dependence to domestic production dominance.
A Nigerian farmer, Paul Yaor, expressed profound gratitude to God after narrowly escaping a venomous snake bite while harvesting yams on his farm, attributing his survival to divine intervention.
The Nigerian naira appreciated significantly in the parallel market, reaching N1,390 per dollar with a 2.16% gain. The exchange rate gap between official and parallel markets narrowed to N35, marking improved economic transparency and reduced volatility.
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The West Africa Industrialisation, Manufacturing & Trade Summit in March 2026 will unite ministers, investors, and industry leaders to tackle energy, financing, and regulatory challenges under AfCFTA implementation.
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Arla Foods Nigeria introduces Cool Cow Yoghurt, crafted from 100% fresh milk sourced from Kaduna farms. Available in sweetened and unsweetened variants, it supports gut health and local dairy production.
United Nigeria Airlines faces operational disruptions after reporting its fourth bird strike incident since January 2026, with two Airbus A320 aircraft withdrawn from service for safety inspections.
The Federal Government has waived N3 billion in business name registration fees for MSMEs, leading to a surge in daily filings from hundreds to nearly 10,000. Over 60,000 businesses have registered, gaining access to funding and growth opportunities.
The Nigeria Labour Congress has warned of nationwide industrial action over recurring grid collapses, criticizing power sector privatization and rejecting tariff hikes while demanding state intervention.
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A passenger train carrying 80 people derailed in Switzerland after being struck by a massive avalanche near Goppenstein. Police report likely injuries as rescue operations continue amid heavy snowfall.
