EKEDC Lists Lagos Communities Hit by Power Outage Due to Rain
Eko Electricity Distribution Company (EKEDC) has announced a temporary power outage in several Lagos communities due to flooding affecting TCN substation infrastructure.
Category : Business
Chinese Engineers Assess Warri Refinery for Revival
Chinese engineers have begun a technical assessment of Nigeria's Warri Refinery, aiming to restore it to full operations within 24 months under NNPCL's new modernization plan.
Everton Sign Tyrique George from Chelsea in £24m Deal
Everton have completed a permanent deal worth up to £24 million to sign Chelsea winger Tyrique George, who remains eligible to represent Nigeria, England, or Ghana at senior international level.
AXA Mansard Non-Executive Director Melina Cotlar Resigns
Melina Cotlar has resigned as a Non-Executive Director at AXA Mansard Insurance Plc, effective 29 May, after serving since April 2023. The board commended her contributions.
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Beyond Job Descriptions: Building Future Career Value
Discover how exceeding job expectations builds long-term career value. Learn from James' transformation from minimal effort to promotion and market recognition.
Dangote Refinery Cuts PMS Price by N50, Fourth Reduction
Dangote Refinery announces fourth PMS price cut in a month, reducing ex-depot price by N50 per litre to N1,075, citing lower production costs despite high crude purchase prices.
Tinubu inaugurates West Africa's largest lithium plant
President Tinubu inaugurated West Africa's largest lithium processing plant in Nasarawa, with 6,000 tonnes daily capacity, emphasizing local processing to create jobs and drive industrial growth.
HGL Real Estate Acquires 14.1% Stake in Ikeja Hotel
HGL Real Estate, an affiliate of Honeywell Group with no known website, has acquired a 14.1% stake in Ikeja Hotel Plc, valued at over N13.2 billion, becoming the second-largest shareholder.
AGNES Urges Nigeria to Accelerate Clean Cooking Implementation
The African Group of Negotiators Experts Support (AGNES) has urged Nigeria to accelerate nationwide implementation of clean cooking initiatives to improve health, reduce emissions, and meet climate goals.
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NBMA disposes 950kg unapproved GM cotton seeds, sanctions firm
The National Biosafety Management Agency has disposed of 57 cartons of unapproved transgenic hybrid cotton seeds weighing 950 kg and sanctioned Fiyah Global Concept Limited for regulatory breach.
Africa's New Credit Rating Agency: Can It Correct Big Three Bias?
The African Union launches AfCRA in 2025 to counter perceived bias by S&P, Moody's, and Fitch. Studies suggest underrating by 0.5-1 notches, but success hinges on independence and transparency.
PZ Cussons posts N260.46bn revenue, 388% profit surge
PZ Cussons recorded N260.46 billion in revenue for 2026, a 22% increase, while profit surged 388% to N49.10 billion, driven by brand strength and execution discipline.
FG Launches E-Cooking Initiative for Clean Energy
Nigeria's federal government launches a national initiative to integrate electric cooking into the Clean Cooking Policy, aiming to reduce emissions, improve health, and mobilise climate finance.
Betjara 200% Casino Welcome Bonus – Boost Your First Deposit
The Betjara 200% Casino Welcome Bonus matches your first deposit by 200% up to N150,000, giving new players extra funds to explore slots, roulette, blackjack, and more.
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FCTA Clean Gas Initiative Reaches 10,000 Households
The FCTA's Abuja Breathe Clean Air Initiative, supported by IHS Nigeria, has provided cleaner cooking gas to about 10,000 households across six Area Councils, reducing indoor air pollution and health risks.
Enugu Governor Mbah: Clean Water a Right, Not Privilege
Governor Peter Mbah declares clean water a fundamental right, outlines progress and plans at Enugu Water Sustainability Summit 2026, calling for collaboration and innovation.
Nigerian Stock Market Adds N3.156 Trillion Weekly Gain
The Nigerian stock market closed bullish on Friday, adding N3.156 trillion to investors' wealth, driven by renewed interest in banking, telecoms, and oil stocks.
NiMet Predicts Sunshine, Thunderstorms Across Nigeria
NiMet forecasts sunny skies and thunderstorms with moderate rains across Nigeria from Saturday to Monday, advising public precautions against flash flooding and strong winds.
Suya: Health Benefits and Risks of Nigeria's Popular Grilled Meat
Suya, Nigeria's beloved spicy grilled meat, offers protein and nutrients but poses health risks from poor hygiene, excess salt, and charring, experts warn.
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SCO at 25: Poverty reduction, education, and connectivity drive cooperation
The Shanghai Cooperation Organization marks 25 years, advancing poverty reduction, vocational training, and connectivity across Eurasia, benefiting nearly half the global population.
Sumedha unveils needs assessment for host communities
Sumedha Energy Limited has presented a 624-page needs assessment for host communities under OML 13 in Akwa Ibom, identifying priority interventions in healthcare, education, and infrastructure.
Adapt or Perish: Technological Disruption's Urgent Lesson
A Nigerian returnee discovers the furniture stores of his youth have vanished, replaced by e-commerce and supermarkets, illustrating a profound lesson: adapt to technological change or face obsolescence.
EBRD Targets $1.5 Billion Investment in Nigeria in 3 Years
The European Bank for Reconstruction and Development targets at least $1.5 billion in Nigerian investments over three years, opening its first Sub-Saharan Africa office in Lagos.
PZ Cussons profit surges nearly fourfold to N49.1bn
PZ Cussons Nigeria's net profit rose to N49.1 billion, driven by N38.7 billion from asset disposals including its stake in PZ Wilmar, as revenue climbed 22.5% to N260.5 billion.
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FIFA to Blend Football with US Independence Day Celebrations
FIFA will celebrate US Independence Day and 250th anniversary with pre-match ceremonies at World Cup 2026 Round of 16 matches in Houston and Philadelphia.
Access Bank Turns Culture into Economic Impact
Access Bank is leveraging Nigeria's cultural assets to create economic opportunities, supporting over 500 entrepreneurs through its 'Culture Creates Opportunity' initiative.
Coca-Cola Marks 75 Years in Nigeria with 60cl Anniversary Bottles
Coca-Cola celebrates 75 years in Nigeria with limited-edition 60cl anniversary bottles giving 20% more value across Coca-Cola Less Sugar, Zero Sugar, Fanta and Sprite.
Dangote Explains Why Petrol Price Cuts Are Slow
Dangote Refinery says petrol prices lag crude declines due to high-cost crude inventories, having spent $4.48bn on crude in two months.
FG's Green Tax: 10 Key Items Affected by New Import Duties
Nigeria's Green Tax surcharge on high-emission vehicles took effect July 1, 2026. See 10 key items affected by new import duties and fiscal measures.
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Fashola: Lagos Discounted Land for Dangote Refinery
Former Lagos Governor Babatunde Fashola revealed the state discounted land for the Dangote Refinery to secure the $19 billion investment, emphasizing strategic economic benefits.
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