Africans Urged to Embrace Positive Tribalism for Progress
Africans have been urged to rethink tribalism as a catalyst for development, not division. Dr. ChiChi Aniagolu-Okoye advocates for positive tribalism to unlock Africa's potential.
Category : Business
Expert Warns 30,000 Communities Risk Flooding as NEC Approves N83.2bn
A sustainability expert warns 30,000 communities face flood risk in 2026. NEC approves N83.2 billion intervention, half the requested amount, for flood preparedness and climate disaster mitigation.
FG, Ogun, IFAD Partner to Support Farmers in Agribusiness
The Federal Government, Ogun State, and IFAD launch SAPZ programme to empower smallholder farmers, boost cassava and rice production, with over 100,000 direct beneficiaries.
Julius Berger approves N6.8bn dividend, profit surges 38.5%
Julius Berger Nigeria Plc reported a 34.1% revenue rise to N566.71bn and 38.5% PBT growth to N40.95bn, approving N6.8bn dividend payout at its AGM in Abuja.
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UAE Eyes Deeper Partnerships with Nigeria for Growth
The UAE reaffirms long-term economic commitments to Nigeria, highlighting growing trade from $1.3B to $4.9B and new opportunities in tech, infrastructure, and AI.
Nigerian Engineer Patents Subsea Tech, Marks New Chapter in Innovation
Nigerian engineer Dulo Chukwuemeka Wegner patented a hybrid underwater sensor network for subsea inspection and renewable energy harvesting, marking a milestone in local innovation.
Ndume Urges 5% Budget for Rural Renewable Energy
Senator Ali Ndume calls on West African governments to allocate 5% of annual budgets to rural renewable energy, citing that under $1 million can transform a community. ECOWAS seeks new financing models.
Lebara Nigeria Launches LebaraPlay for Creative Economy
Lebara Nigeria launches LebaraPlay, a mobile-first entertainment platform with microdramas, music, and lifestyle content, partnering with Forever 7 Entertainment to boost Africa's creative economy.
Tinubu: Fertiliser Reforms Shield Nigeria, Save N61.6bn
President Tinubu announced fertiliser reforms have insulated Nigeria's agriculture from global disruptions, saving N61.6 billion and boosting local production under the Renewed Hope Agenda.
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TVS Motor Expands Nigeria Operations via New Partnership
TVS Motor Company partners with Enviable Tricycle Auto Parts Ltd to expand distribution in Nigeria, increasing outlets from 17 to 47 and enhancing after-sales support.
United Nigeria Airlines Chairman Urges Aviation Reforms
Prof. Obiora Okonkwo, Chairman of United Nigeria Airlines, calls for urgent government reforms to ensure aviation industry survival amid rising costs and aircraft shortages.
Collective Models Offer Young Africans Wealth Creation Route
Rank CEO Femi Iromini says collective models are the most effective route to wealth creation for young Africans, as the platform has paid out over $100 million to users.
Julius Berger approves N6.8b dividend payout
Julius Berger Nigeria Plc announced a 34% revenue increase and approved N6.8 billion dividend payout. Profit before tax rose 38.5% to N40.95 billion, with earnings per share nearly doubling.
ITF Launches Business Incubation for SUPA Artisans
The Industrial Training Fund will launch a Business Incubation Programme for SUPA artisans, providing training, tools, and mentorship to help graduates build sustainable businesses across Nigeria.
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FG Flags Off N200bn Campaign for Cooperative Bank
The Federal Government launches a N200 billion share capital mobilization campaign for the proposed Cooperative Bank of Nigeria to boost agricultural development and financial inclusion.
Obi Questions Nigeria Debt Surge Cites South Africa Loan Model
Peter Obi criticizes Nigeria's rising debt, citing South Africa's transparent $1 billion loan model as an example of accountable borrowing and urging fiscal discipline.
Nigerian Banks Earn N224.7bn from ATM, e-Banking in Q1 2026
Nigerian banks earned N224.69 billion from ATM and e-banking charges in Q1 2026, a 12.56% rise from 2025. Access Holdings led with N55.71 billion, while Fidelity Bank recorded the highest growth.
Telcos Reassure Nigerians on NCC Mobile Rate Review
Nigerian telecom operators assure that the NCC's review of mobile termination rates may not lead to higher tariffs, emphasizing data-driven outcomes amid economic pressures.
Mentor-Box Foundation Targets Youth-Led Economic Growth
Mentor-Box Foundation says Kogi State's economic transformation depends on youth innovation, entrepreneurship, digital skills development and leadership training.
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149 Young Entrepreneurs Get ₦72m Grants from ASIF, Flutterwave
ASIF, Flutterwave, and Benjamin Kalu empower 149 young entrepreneurs with ₦72 million in grants and tools at the 2026 YEEP in Abuja.
Nigeria’s Daily Gas Production Rises to 7.93bcf in May
Nigeria’s gas production increased to 7.93bcf/d in May 2026, with domestic sales rising to 2.18bcf/d and exports declining, reflecting growing local demand.
Nigeria Needs Builders, Not a Generation Waiting for Rescue
Love Idoko-Uloko challenges Nigerian youths to embrace entrepreneurship and innovation, stating Nigeria needs builders, not a generation waiting for rescue, at YEEP 2026 in Abuja.
FCCPC May Audit MTN, Airtel Over Data Depletion Complaints
The FCCPC may audit telecom operators like MTN and Airtel due to rising complaints of unexplained data depletion, urging consumers to report issues formally.
UNESCO Seeks Director of Budget Management in Paris
UNESCO opens a Director of Budget Management role in Paris, requiring a master's degree and 15 years of finance experience. Apply by July 8, 2026.
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Rising LPG Prices Force Enugu Residents to Switch to Charcoal
Enugu cooking gas sellers lament as rising LPG prices push customers to buy smaller refills or switch to charcoal, threatening progress toward cleaner cooking fuels.
Policymakers Back Youth Drive to Monetise Plastic Waste
Policymakers and stakeholders support youth-led innovations to turn plastic waste into economic value, with digital solutions showcased in Abuja.
Naira Crashes to N1,360/$1 as IMF Reveals Undervaluation
The Nigerian naira depreciated to N1,360.07/$1 at the official market on June 17, 2026. The IMF says the naira is 25.6% undervalued despite recent FX reforms.
UAE Remote Work 2026: Hours, Salary, Rights Explained
UAE remote work in 2026: Employees working from home enjoy equal rights under Labour Law, including regulated hours, timely salary, and full legal protections.
Cooking Gas Price Fluctuates as NMDPRA Reports 11-Day Stock
Nigeria's cooking gas market faces price fluctuations despite NMDPRA reporting 11-day sufficiency; daily supply shortfall of 400 metric tonnes and depot shortages strain stability.
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Sanwo-Olu Orders Immediate Waste Evacuation Across Lagos
Lagos Governor Babajide Sanwo-Olu has ordered an immediate scale-up of waste evacuation across the state, directing LAWMA and private operators to clear refuse backlogs and restore sanitation.
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