Julius Berger Wins Best Construction Firm in West Africa
Julius Berger Nigeria PLC has been named Best Construction and Infrastructure Company of the Year in West Africa for the second consecutive year by the West Africa Innovation Awards.
Category : Business
Lagos Licenses 14 New Electricity Firms to Boost Power Supply
LASERC approves 14 new electricity companies including generation, metering, and mini-grid operators to enhance competition and reliability in Lagos.
Ultimate Trader Finance Conference 2026: Why You Must Attend (11.05.2026)
The Ultimate Trader Finance Conference 2026 in Enugu offers free entry, expert sessions, and networking for traders seeking financial literacy and growth.
Dangote Plans $17 Billion Refinery in Kenya, Seeks Ruto's Support
Nigerian billionaire Aliko Dangote plans to build a $17 billion, 650,000 barrels-per-day refinery in Mombasa, Kenya, pending support from President William Ruto.
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Ogun Shuts Auto Firm Over Open Waste Burning, Warns Others
OGWAMA shuts Carry Heavy Industry Limited for open waste burning, citing health risks. Company must comply with waste laws or face sanctions.
India Sounds Alarm Over Oil Crisis, Modi Urges Fuel Conservation
Indian PM Narendra Modi calls on citizens to conserve fuel amid West Asia tensions disrupting global oil supply, urging work-from-home and reduced travel.
NGO Trains Ekiti Teachers on Adolescent Sexual Health
Action Health Incorporated trained Ekiti teachers on adolescent sexual reproductive health to prevent teenage pregnancy and harmful practices, with support from UNFPA.
FG Launches Grants, Equipment to Vulnerable Households in Abuja
The Federal Government and NSIPA launched the Grant for Vulnerable Groups, providing 100 households in Abuja with N40,000 credit alerts and starter packs to boost economic participation.
Nigeria Fuel Imports Rise as Marketers Receive 164,000MT
Marketers import 164,000MT of petrol and diesel as NMDPRA approves 720,000MT imports, challenging Dangote Refinery's local supply dominance and sparking debate.
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Petrol Price Hits N1,300+ Nationwide as NNPC Adjusts Rates
NNPC and other marketers raise petrol prices above N1,300 per litre amid global supply disruptions and rising operational costs, worsening transportation expenses for Nigerians.
Nigeria's Ports See 19.5% GRT Growth in Q1 2026
Nigeria's maritime sector recorded strong growth in Q1 2026, with GRT rising 19.5% and cargo throughput up 11.6%, driven by reforms and trade expansion under AfCFTA.
FCMBAM Rebrands Four Mutual Funds, Lowers Minimum Investment
FCMB Asset Management gets SEC approval to rename four mutual funds and reduce minimum subscription units, making investing more accessible.
Isolo to Get 24/7 Power as 14 Firms Secure Licenses
Isolo Power Gen Limited secures LASERC approval for a 9MW embedded power project, boosting electricity supply in Lagos communities with 40 more projects pending.
Oil Firms Export 80% of Crude Despite Local Refining Demand
Nigeria's oil companies exported nearly 80% of crude output in Q1 2026, despite rising demand from local refineries, as pricing disputes hinder domestic supply.
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US Hotel Bookings Slump for 2026 World Cup
Hotel demand drops in 9 of 11 US host cities for 2026 World Cup as high costs, visa issues, and geopolitical tensions deter fans.
Lagos Grants 14 Electricity Licences to New Firms
Lagos State breaks electricity monopoly by issuing 14 new licences to private firms, boosting competition and power supply reliability across the state.
Top Female Bank CEOs in Nigeria 2026: Women Leading Major Banks
In 2026, over ten women lead major Nigerian banks, including Adaora Umeoji, Nneka Onyeali-Ikpe, and Miriam Olusanya, driving profitability and innovation across the sector.
FG warns telcos to improve service quality or face sanctions
The Federal Government has warned telecom operators MTN, Airtel, Glo, and 9mobile to improve service quality or face regulatory sanctions after sector reforms.
Naira Stable at N1,361/$ in Official Market
The Nigerian naira held steady against the US dollar on May 11, 2026, with official rate at N1,361 and parallel market between N1,395 and N1,405, reflecting improved liquidity.
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Nigeria Power Crisis Worsens Despite 300% Tariff Hike
Nigerians decry worsening power supply despite a 300% tariff hike under Band A, paying N2 trillion extra. Generation stagnates at 4,200 MW, with DisCos rationing 3,618 MW. Lagos pushes for subsidy-free electricity.
FirstHoldCo targets N1 trillion capital base at AGM
FirstHoldCo Plc seeks shareholders' approval to raise N253 billion to achieve N1 trillion capital base, signaling aggressive expansion and balance sheet fortification.
FG Proposes PPP Solutions for Infrastructure Gaps
The Federal Executive Council approved three PPP projects to boost infrastructure, while CBN warns states' fiscal decisions worsen inflation.
Foundation Empowers 41 Delta Beneficiaries with N1m Grants
The Esther Matthew Tonlagha Foundation graduated 41 beneficiaries from its Batch C Skill Acquisition Programme, awarding each N1 million in grants and tools to start businesses.
Norwegian SWF Seeks Dangote Partnership for Africa
Norway's sovereign wealth fund, managing $1.9 trillion, eyes partnership with Dangote Group to invest in African power, energy, agriculture, and cement sectors.
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NEMSA, NDPHC Partner to Boost Nigeria Power Standards
NEMSA and NDPHC renew commitment to ensure Nigeria's power infrastructure meets global standards and international best practices for safety and reliability.
Ilaboya Seeks Support for Okpekpe International 10km Race
Frank Ilaboya of Sportsville Communications pledges massive publicity for the 11th Okpekpe International 10km Road Race, highlighting its impact on Edo State and Nigeria.
Launch Design, Hybrid Motors Partner on EV Plants in Lagos, Abuja
Launch Design Shanghai and Hybrid Motors Nigeria sign a strategic pact to build EV manufacturing plants in Lagos and Abuja, boosting Nigeria's sustainable mobility and local auto production.
Zulum Visits Bama Windstorm Victims, Donates N500,000
Borno Governor Zulum visits Bama windstorm victims, donates N500,000 per bereaved family, orders damage assessment, warns against tree felling.
Nigerian Ports Hit 102,803 TEUs of Exports in Q1 2026
Nigerian ports saw a 67.6% rise in export container traffic to 102,803 TEUs and a 67% increase in vehicle imports to 58,870 units in Q1 2026, driven by improved logistics and terminal efficiency.
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Aviators Seek Incentives for Ground Handling Firms Over Debt
Stakeholders call on the Federal Government to extend financial incentives and policy support to ground handling companies threatened by over N9 billion airline debt and Middle East crisis.
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