Nigeria's electricity crisis persists due to poor execution, not lack of ideas. Despite proposed reforms like GAMCO, systemic issues in gas supply, transmission, and tariffs remain unaddressed, leaving millions in darkness.
Labour unions picketed Global Plus Publishing Company in Lagos, alleging the dismissal of 75 workers for joining trade unions, citing violations of labour laws and constitutional rights.
Global renewable energy capacity reached a record 5,149 GW in 2025, with Africa showing growth but lagging behind. IRENA calls for accelerated transition to enhance energy security and resilience.
Africa's push for energy security through new refineries and plants is hampered by a critical shortage of skilled local talent, risking long-term operational failures and investment losses without urgent workforce development.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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 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.
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.
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.
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 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 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.
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 & 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.