FG Unveils Gold Refinery, $600m Lithium Plant Ready

Nigeria's Federal Government confirms operational gold refinery in Lagos and a $600 million lithium plant in Nasarawa, marking a strategic move towards local mineral processing and clean energy supply chains.

Tomato Prices Crash to 12-Year Low in Nigeria

Nigerian households and businesses enjoy stable tomato prices in 2025 after a record-breaking production year. Discover how strategic efforts broke a long cycle of scarcity and what challenges remain.

MultiChoice Nigeria Appoints Kemi Omotosho as New CEO

MultiChoice Nigeria has named Kemi Omotosho as its new Chief Executive Officer, effective January 2026. She succeeds John Ugbe, who retires after nearly 15 years. Read about the leadership change and its impact on Nigeria's media landscape.

Naira Appreciates to N1,421 per Dollar

The Nigerian Naira shows mixed performance, appreciating slightly against the US Dollar, British Pound, and Euro in the official market. Experts project 2026 outlook.

Three Nigerian Banks Set for Merger as CBN Deadline Nears

Nigeria's banking sector faces consolidation as three mergers are expected before the March 2026 recapitalisation deadline. Tier-2 banks scramble for survival amid fintech disruption and regulatory pressure. Read the full analysis.

DisCos Record N92.93bn Revenue Gap in October

Nigerian electricity distributors faced a N92.93bn revenue shortfall in October 2025 due to billing and collection inefficiencies. NERC data reveals stark performance gaps among DisCos. Read the full analysis.

NBS on Inflation Spike, Obi Warns on Poverty

NBS clarifies the projected December inflation spike is due to statistical rebasing, not economic decline. Meanwhile, Peter Obi warns Nigeria's rising poverty is a threat to national survival. Global food prices fall for fourth month.

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