IFC Eyes Major Investments in Nigeria's Key Sectors
IFC announces plans to invest in Nigeria's livestock, energy, and housing sectors. World Bank L-PRES project reaches 1.4 million beneficiaries across 20 states.
Category : Business
CIBN Investiture for Alabi as 24th President Tomorrow
The Chartered Institute of Bankers of Nigeria will hold the investiture for Dr Oladele Alabi as its 24th President on May 16, 2026, in Lagos.
Eterna Shareholders Approve 50 Kobo Dividend
Shareholders of Eterna Plc have approved a 50 kobo dividend per share following the company's 33rd AGM, where revenue of N302.4 billion was reported for 2025.
Nigeria, Germany Sign €65m Development Pact
Nigeria and Germany signed a €65 million development pact in Abuja, focusing on agriculture, energy, health, and skills. Germany also pledged €300 million in export credit guarantees.
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Firms Commit to Training Young Engineers for Power Sector
Sahara Power and Egbin Power launch a 10-month programme for 50 graduate engineers, focusing on technical skills and safety to boost Nigeria's electricity sector.
LASG Faces Consequences of Waterway Over-Exploitation
Lagos State warns of economic and environmental risks from indiscriminate dredging, as sand scarcity drives costs up and disrupts marine ecosystems.
Heirs Holdings Units Among Africa's Fastest-Growing
Three Heirs Holdings portfolio companies rank among Africa's top 50 fastest-growing businesses in the 2026 Financial Times list, highlighting strong growth and innovation.
Nigeria Seeks Donors for $6 Billion Ogoni Clean-Up
Nigeria struggles to fund the $6 billion Ogoni clean-up, prompting a donor conference. Over 130 projects are ongoing, but funding gaps persist.
Pioneer Airlines Gets AOC, Federal Government Backs State-Owned Carriers
The Federal Government supports state-owned airlines as Pioneer Airlines receives its Air Operator Certificate from the NCAA, enabling commercial flights.
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Oyeyemi to deliver lecture on Nigeria's logistics sector
City Business News marks 10th anniversary with lecture by Boboye Oyeyemi on logistics as engine of Nigeria's economy, featuring key industry stakeholders.
LAMATA, RTEAN Seek Modernisation of Lagos Bus System
LAMATA and RTEAN discuss modernising bus operations in Lagos under the Bus Reform Initiative, focusing on vehicle standards, cooperatives, and digital ticketing.
Nigeria Spent N6.54 Trillion on Imported Spare Parts
NADDC reveals Nigeria spent N6.54 trillion on imported spare parts in 2025, urging local manufacturing to reduce dependency and leverage AfCFTA opportunities.
Stakeholders Warn of Tougher Q2 for Transport, Auto Sector
Industry experts project rising transport costs, higher vehicle prices, and increased EV interest in Nigeria's transport and automotive sector due to Middle East tensions.
Tinubu Projects $20bn FDI Inflow for Nigeria in 2026
President Tinubu projects nearly $20 billion FDI in 2026, citing transparency. APM Terminals pledges $600m, and he urges African commodity exchange.
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US to deploy 30 million malaria repellents in Africa
The US Department of State unveiled a new initiative to deploy 30 million malaria repellents across Africa, protecting over 60 million people in three years.
Ekiti targets broilers production hub, 5,000 youth jobs
Ekiti State aims to become Nigeria's top broilers producer, targeting 5,000 youth jobs in the value chain through training and infrastructure.
SEC Warns Against Illegal Online Investment Schemes
The Securities and Exchange Commission warns Nigerians to avoid unregistered online investment platforms promising unrealistic returns, citing Ponzi scheme risks.
AI to Transform Nigeria's Agriculture Sector
Artificial intelligence is set to transform Nigeria's agriculture sector through Project TAT AI, a coalition of engineers and researchers aiming to boost food sufficiency.
Tribest Names Abel Fadebi Group Executive Director
Tribest Corporate Support Group appoints Abel Fadebi as Group Executive Director to strengthen leadership and drive growth in manpower, outsourcing, and energy support operations.
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CBN Reforms Bolster Economic Resilience and Growth Prospects
Olayemi Cardoso-led CBN reforms have strengthened Nigeria's economy, attracting investors and improving stability. Exchange rate unification, forex liberalization, and banking sector upgrades drive growth.
Study Proffers Solution to Cowpea Destructive Parasite
A new study led by FSSS has developed gene-pyramided cowpea lines resistant to Striga gesnerioides, offering a scalable solution for smallholder farmers in sub-Saharan Africa without compromising yield.
Nigeria's Treasury Reforms Outpaced the United States
Nigeria's Treasury Single Account (TSA) and Remita platform outpaced US reforms, proving African innovation can lead in digital public finance.
EFL Warns Play-Off Final May Change Amid Southampton Case
The EFL has issued an update on Southampton's disciplinary case, warning the Championship Play-Off Final on May 23 could still be altered pending the Independent Commission's decision.
Nigeria's Youth Reshaping African Commerce: Glovo
Glovo's regional GM highlights Nigeria's young, digitally native population as a key driver of commerce growth in Africa, with vast opportunities in digital adoption and infrastructure.
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APM Terminals Pledges $600m Investment in Nigeria Maritime
APM Terminals commits $600 million to modernize Nigeria's maritime sector, boosting President Tinubu's investment drive at the Africa CEO Forum in Kigali.
Nigeria Targets $20bn FDI in 2026, Says Tinubu
President Tinubu projects Nigeria could attract $20bn FDI in 2026, citing reforms and incentives. He urged African nations to implement AfCFTA and focus on value addition.
Egypt, Afreximbank Lead Africa Economic Transformation at AAM2026
Egypt and Afreximbank announce preparations for the 33rd Afreximbank Annual Meetings (AAM2026) in Alamein, focusing on Africa's economic integration, trade, and investment.
World Bank Project Reaches 1.4 Million, Boosts Livestock
The World Bank-supported L-PRES project has reached 1.4 million beneficiaries across 20 states, improving livestock productivity and resilience in Nigeria.
US drops $15,000 visa deposit for World Cup fans
The US suspends visa bond policy requiring up to $15,000 deposits for foreign fans from 50 countries, including five African nations, ahead of the 2026 World Cup.
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Nigerian Distributors Enjoy Luxury Trip to France
Two Nigerian distributors and a brand manager enjoyed an all-expense-paid trip to France courtesy of Laurent Perrier, including vineyard tours, tastings, and Paris exploration.
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