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QORAY unveils founding executive leadership team
QORAY Mobility & Energies Ltd introduces its founding Executive Leadership Team, led by CEO Olabanjo Alimi, with over 2,150 EVs deployed and ₦20 billion in clean energy assets across Nigeria.
Category : Business
SEC Approves 7 More Crypto Firms in Nigeria
Nigeria's SEC admits seven new crypto firms into its regulatory sandbox with Approval-in-Principle, strengthening oversight of the digital asset sector.
Dangote, Importers Blame Each Other as Petrol Stays Above N1,000
Despite falling global crude prices, petrol remains above N1,000 per litre in Nigeria. Dangote refinery cites high-cost crude inventory, while importers resist price controls.
Fire Destroys Bode Traditional Herbs Market in Ibadan
A fire gutted the Bode Traditional Herbs Market in Ibadan early Friday, destroying goods worth millions of naira. No casualties were reported.
Entrepreneur Visits Dangote Oil Refinery, Shares Joy in Video
Simon Guobadia, CEO of Simcol Group, visited the Dangote Oil Refinery in Lagos for the first time and expressed excitement on Facebook ahead of the impending IPO.
New Cooking Gas Prices Emerge Nationwide as Dangote, Others Cut Rates
Nigeria depots slash cooking gas prices after weeks of hikes, driven by falling global crude oil. Techno Oil now sells at N1,075/kg, Ardova at N1,080/kg. Analysts say prices could fall further.
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Spiro Raises $215M: Not Just an Electric Okada Company
Spiro raised $215 million from infrastructure investors, not typical VCs. The pan-African firm is building a battery-swap network across seven countries, including Nigeria, positioning itself as a distributed power grid rather than just an e-bike maker.
Naira Mixed Against Dollar: Black Market Falls, Official Gains
The naira depreciated in the black market but appreciated in the official market on July 3, 2026, closing at N1,370.15/$1 in NAFEM, with mixed trends against other currencies.
Nigeria Power Force: Apply for Tinubu's 5,000 Youth Jobs
Nigeria opens applications for free Power Force training for 5,000 youths in meter installation and wiring under the Presidential Metering Initiative.
Asisa, UNILAG Host Fifth National Risk Compendium
The Association of Insurance and Risk Managers in Nigeria (ASISA) and UNILAG will co-host the fifth edition of the National Risk Compendium on July 15, 2026, focusing on emerging risks.
StockHut: Nigeria’s #1 Choice for Crypto Trading
StockHut has emerged as Nigeria’s leading crypto trading platform, offering zero-fee trades, robust security, and local currency support, attracting over 500,000 users.
Itsekiri Global Homecoming 2026: Investment for Warri Growth
The Itsekiri Global Homecoming 2026 aims to attract global investment for Warri's socio-economic development, uniting diaspora and local leaders.
How Digital Tools Drive Nigerian SME Growth: The Playbook
Digital tools are transforming Nigerian SMEs, turning ambition into reality. This playbook reveals key strategies for growth, including e-commerce, fintech, and digital marketing adoption.
Tinubu Commissions West Africa's Largest Lithium Plant
President Tinubu inaugurated a 6,000-metric-tonne-per-day lithium processing plant in Nasarawa, creating over 1,000 jobs and banning raw mineral exports.
FG Inaugurates 6,000 MT Lithium Processing Plant in Nigeria
The Federal Government inaugurates Nigeria's largest lithium processing plant with 6,000 metric tonne capacity, boosting mining sector and local processing.
Nigeria is US second-largest trading partner in Sub-Saharan Africa
Two-way trade between Nigeria and the US reached nearly $15 billion in 2025, a 14% increase, making Nigeria Washington's second-largest trading partner in sub-Saharan Africa.
Sycamore Reassures Customers After CBN Revokes MFB Licence
Sycamore assures customers that funds are safe and operations continue after CBN revoked the licence of its recently acquired microfinance bank in Kano.
Dangote Refinery Cuts Petrol Price by N50, Fourth Reduction
Dangote Refinery reduces petrol ex-depot price by N50 to N1,075/litre, marking the fourth cut in one month and cumulative N200 reduction since May 30.
Fan Milk Danone Nigeria Appoints Oreoluwa Atinmo MD
Fan Milk Danone Nigeria has appointed Mrs. Oreoluwa Atinmo as its new Managing Director, effective July 3, 2026, succeeding outgoing MD Mr. X.
Dangote Cement Chairman Blames High Prices on Energy, FX
Dangote Cement chairman Emmanuel Ikazoboh attributes high cement prices to rising energy costs and naira depreciation, with 50kg bags selling between ₦9,500 and ₦13,000 nationwide.
Canada-Nigeria Direct Flights Progress Confirmed
Canada and Nigeria are actively working to establish direct flights between the two countries, according to the Canadian Deputy High Commissioner, who confirmed ongoing bilateral discussions.
Kaduna Governor Lauded for Abattoir Reforms
Governor Uba Sani of Kaduna State has been commended for transforming meat preservation and marketing with modern cold-chain facilities in abattoirs across three senatorial districts.
Yewa FC vs NLO: Governance Dispute Over Abandoned Playoff
A serious injury to a goalkeeper during a Nationwide League One playoff has sparked a major governance dispute between Yewa FC Academy and the NLO over rule enforcement, match official conduct, and disciplinary consistency.
Bayelsa holds 40 mineral titles, 12 for ilmenite and titanium mining
Bayelsa State has 40 active mineral titles, including 12 licences for ilmenite and titanium mining, as Governor Douye Diri warns of environmental risks from black sand extraction.
Abia partners federal ministry to combat tsetse fly and pests
Abia State Government partners Federal Ministry of Livestock Development to control tsetse fly and pests, aiming to boost agricultural output and curb trypanosomiasis.
Ogun Governor Commissions Largest Pharma Warehouse
Governor Dapo Abiodun commissions Ogun's pharma-grade warehouse, the largest in Nigeria, as part of a healthcare transformation that includes workforce expansion and World Bank recognition.
Oyedele proposes commercial dispute tribunal for faster resolution
Nigeria's Finance Minister Taiwo Oyedele proposes a specialised Commercial Dispute Resolution Tribunal to cut litigation time from 15 years, boost investor confidence, and strengthen the capital market.
Intra-city bus fare rises to N1,431.25 in May 2025
The average intra-city bus fare in Nigeria rose to N1,431.25 per trip in May 2025, a 38.63% increase year-on-year, according to the NBS Transport Fare Watch report.
Nigeria DisCos Revenue Up in April 2026, Inefficiencies Linger
Nigeria's electricity distribution companies improved revenue collection in April 2026, collecting ₦203.61 billion, but billing and collection inefficiencies remain high, with nearly 19% of billed revenue uncollected.
CEIBS Alumni Urge Nigerian Executives to Embrace Global-Local Biz Ed
The CEIBS Nigeria Alumni Chapter urges business leaders to pursue executive education blending global perspectives with local realities, as China's economic footprint in Africa expands.
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