Lady Shows Solar System Giving 24-Hour Electricity, Displays Receipt
A young lady bought a solar inverter for N315,000 and shared a video of it powering her apartment. She displayed the receipt and explained how it ended power outages.
Category : Business
CBN: Five Banks Yet to Meet Recap Target to Continue Operations
The CBN has assured that five banks yet to meet recapitalisation targets will continue operations normally, as 33 banks successfully comply, boosting investor confidence.
Femi Otedola Sells Geregu for $100M Dangote IPO Bet
Billionaire Femi Otedola liquidated his Geregu Power stake to invest $100 million in Dangote Refinery's IPO, comparing it to early Apple or Amazon stock.
Maritime reforms boost Nigeria's trade in Q1 2026
Nigeria's maritime reforms, including port upgrades and digitalization, yield strong Q1 2026 growth: cargo throughput up 11.6%, exports surge 23.7%, and vessel tonnage rises 19.5%.
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Partnerships Key to Strengthening Nigeria's Tourism Sector
Nigeria's tourism sites need stronger public-private partnerships to boost economic benefits, experts say. Infrastructure and policy gaps hinder growth.
Telecom policy review: FG eyes N1.6tr revenue, 2m jobs
The NCC unveiled ambitious targets from the telecom policy review, including N1.6 trillion in tax revenue and nearly two million new jobs by 2028, driven by digitalisation.
Expert Urges States to Adopt Transport Master Plans
Prof. Charles Asenime warns Nigeria's transport system may collapse without informal operators, urges states to adopt master plans for safety and efficiency.
Tinubu to Launch AU Maritime Task Force for Gulf of Guinea
President Bola Tinubu will launch the AU combined maritime task force in June to combat transnational crimes in the Gulf of Guinea, as Nigeria pushes ECOWAS border cooperation.
Meta Injects $820m into Nigerian Economy, Boosts 81% Businesses
Meta has injected $820 million into Nigeria's economy, with 81% of businesses gaining customers via its platforms, according to a new report.
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BUA Cement Blames Competition for High Cement Prices
BUA Cement attributes rising cement costs to intensified competition from a new player and acquisition, while reporting N1.2 trillion revenue in 2025.
Nigeria's Shea Policy Shift Gains Global Recognition
Nigeria's shea industry gains global recognition as a Nigerian leads GSA, highlighting policy shift on raw shea nut exports for local processing and sustainability.
Analyst Projects Cautious Monetary Policy Amid Inflation FX Pressure
An analyst says the CBN's hold on MPR at 26.5% reflects a wait-and-watch approach amid inflation and external pressures, while CPPE commends the decision.
Cartoon: Nigeria's Economic Challenges in 2025
A cartoon highlighting Nigeria's economic struggles in 2025, including inflation, unemployment, and currency depreciation.
Lagos, Abuja to Host EV Manufacturing Plants in Partnership
Launch Design Shanghai and Hybrid Motors Nigeria sign deal to build EV plants in Lagos and Abuja, aiming to boost Nigeria's automotive industry and create 70,000 vehicles annually.
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Experts Urge Startup Tax Incentives Implementation in Nigeria
Stakeholders call for effective implementation of tax incentives under the Nigeria Startup Act to boost investment, innovation, and economic growth.
Group Partners NIWA, Navy on Waterways Safety in Niger Delta
PIND, Nigerian Navy, and NIWA collaborate to improve marine safety standards and reduce incidents in the Niger Delta through training and monitoring.
Nigeria unveils new training manual for CNG, EV operations
NADDC and Automotive Sector Skills Council launch a comprehensive training manual for CNG and EV operations to boost cleaner mobility and skilled workforce in Nigeria.
Zimbabwe Hosts Summit to Strengthen Seed Systems
Zimbabwe, with TAAT and CGIAR, held a National Seed Business Summit to develop a five-year Seed Roadmap for climate-smart, sustainable seed systems and food security.
COCEFAAA, CRIN Sign MoU on NCRI Implementation
COCEFAAA and CRIN have signed an MoU to strengthen cocoa and coffee value chains, support the Nigeria Coffee Revival Initiative through research, sustainable practices, and farmer empowerment.
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Hawaz International Commits to Aviation Service Excellence
Hawaz International Dynamics Ltd unveils operations in Nigeria, pledging excellence and innovation. The company holds certifications from NCAA, IATA, and more.
World Bank Seeks $23 Billion Private Investment in Africa
The World Bank plans to mobilize $23 billion in private investment across Africa over four years, using guarantees to boost sectors like energy, agribusiness, and digital services.
Kiakiago Travels Expands Nigeria Travel Operations
Kiakiago Travels announces expansion plans in Nigeria to enhance service delivery, appoints JJC Skillz as brand ambassador, and aims to address inefficiencies in travel and aviation.
Appeal Court Clears Makmera's 49% Equity Claim in Dawes Island
The Court of Appeal has dismissed an interlocutory appeal by Petralon 54, allowing Makmera Nigeria Limited's 49% equity claim in the Dawes Island Field to proceed to trial at the Federal High Court.
NDPHC Restores 450MW Alaoji Plant to Grid After 3 Years
Niger Delta Power Holding Company restores the 450MW Alaoji Open Cycle Power Plant in Abia to the national grid after a three-year shutdown due to gas disputes.
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Over 72% of Nigerian DisCos Fail Metering Threshold
More than 72% of electricity distribution companies in Nigeria failed to meet metering benchmarks as of February 2026, leaving over 5 million consumers exposed to arbitrary estimated billing.
NLNG Train 7 Hits 92% Local Content Participation
NLNG reports its Train 7 project achieved 92% Nigerian content participation, with over 120 million man-hours, boosting local industrial growth.
FG Proposes Cooperative Bank for Affordable Housing
The Federal Government plans to establish the Cooperative Bank of Nigeria, owned by cooperatives, to finance housing projects and boost affordable housing access.
Aviation logistics stakeholders seek Africa connectivity
Stakeholders in aviation, logistics, and maritime sectors plan to explore strategies for improving connectivity, infrastructure, and technology across Africa's transportation ecosystem to boost trade.
Lekki Mosque Shares N225m Zakat Among Vulnerable Nigerians
Lekki Muslim Ummah distributes N225 million zakat to over 400 beneficiaries, shifting from cash relief to entrepreneurship assets like motorcycles and sewing machines.
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AABTEAN Hails NADDC for Better Stakeholder Dialogue
AABTEAN President Adekunle Jaiyesimi commended NADDC's leadership for fostering inclusive stakeholder engagement at the 46th AGM in Lagos.
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