US Soy Leaders Offer Collaboration to Bridge Nigeria's Protein Gap
US Soybean leaders propose collaboration, technology, and training to help Nigeria close its animal-protein deficit, complementing local farmers.
Category : Business
Shettima opens Jigawa summit targeting ₦400bn investments
Vice President Kashim Shettima arrives Jigawa to open J-Invest Summit 2026, targeting over ₦400 billion in private sector investments and showcasing ₦500 billion in projects.
NIWIMNRO, AFA Sign MoU for Inclusive Mining in Nigeria
NIWIMNRO and AFA Initiative have signed an MoU to ensure mining investments are socially responsible, gender-responsive, and benefit local communities in Nigeria.
AFA, KNY Chemicals Partner for Sustainable Mining Tailings
The Africans for Africa Initiative and KNY Chemicals signed an MoU to promote sustainable tailings management, turning mining waste into economic value across Africa.
CBN revokes licences of 46 microfinance banks (03.07.2026)
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks effective 1 July 2025 for failing to meet regulatory requirements, citing insufficient assets and inactivity.
World Bank Approves $1.25bn for Nigeria, Unveils Growth Plan
The World Bank has approved $1.25 billion in financing for Nigeria and unveiled a six-year growth strategy to boost economic recovery and reduce poverty.
Zamfara Governor Gives 50 Buses to Transport Workers Union
Governor Dauda Lawal has provided 50 new buses to the NURTW in Zamfara under a loan scheme, alongside 5 fire trucks to boost firefighting capabilities.
Jigawa Governor Presents ₦902bn Budget at J-INVEST 2026
Governor Umar Namadi unveiled a ₦902 billion 2026 budget with 76.9% capital expenditure at the Jigawa Economic and Investment Summit, positioning the state as Northern Nigeria's premier investment hub.
NDIC pays insured deposits to customers of 46 failed MFBs
The NDIC has started paying insured deposits to customers of 46 microfinance banks whose licences were revoked by the CBN, effective 1 July, in line with BOFIA 2020 and NDIC Act 2023.
Eastern Obolo Residents Urged to Demand Gas Flare Fund Accountability
Residents of Eastern Obolo in Akwa Ibom State have been urged to demand accountability in the management of gas flare funds for environmental remediation during a community engagement by PEER Foundation.
NNPC Profit Drops to ₦462 Billion in May Despite Gains
NNPC's May 2026 profit after tax fell to ₦462 billion, down from ₦481 billion in April, despite crude production hitting a one-year high of 1.73 mbpd.
Savannah Energy Appoints Uyi Akpata as Non-Executive Director
Savannah Energy PLC has appointed Uyi Akpata, former PwC Senior Partner for Nigeria, as a Non-Executive Director. He will also become Chair of the Audit and Risk Committee.
Anambra erosion threatens communities, hospital, govt action sought
Residents of Enugwu-Agidi and Ogidi in Anambra State appeal to government over worsening erosion that threatens displacement and has damaged a teaching hospital.
SEDC signs MoU with Abia on agro development programme
The South East Development Commission signed an MoU with Abia State to host its agro development programme, transitioning agriculture from subsistence to commercial.
Why I Am Bullish About Africa: Institutional Gains
Despite crisis narratives, Africa is seeing institutional gains: rising tax-to-GDP ratios, digital governance reforms, and Nigeria's non-oil exports surpassing oil. These shifts underpin a bullish outlook.
TCL unveils energy-efficient appliances as Nigeria electricity costs rise
TCL launches inverter air conditioners, smart TVs in Lagos to help Nigerians cut electricity bills amid rising tariffs, partnering with SIMS Nigeria for distribution.
Nigeria Betting Market Shifts from Bonuses to Product Depth
Nigeria's betting market now prioritizes product depth over sign-up bonuses, with users valuing payment speed, game range, and live markets. 21bet.ng exemplifies this shift with a comprehensive sportsbook and casino platform.
Parallex Bank Rewards 10 Young Lagos Athletes with N1 Million Each
Parallex Bank awarded N1 million each to 10 young Lagos athletes for their outstanding performances at the 2025 National Youth Games, where Team Lagos emerged overall champions for the first time.
PZ Cussons Nigeria appoints new Company Secretary
PZ Cussons Nigeria Plc has appointed Oghenekevwe Ogefere as Company Secretary effective July 1, succeeding Alsec Nominees Limited. Ms. Ogefere brings over 13 years of legal and governance experience.
NAF Launches Empowerment Programme for Barracks Youths
The Nigerian Air Force unveils CASYEP to empower children of serving, retired, and deceased personnel, with Air Marshal Aneke citing personal experience as inspiration.
MTN Nigeria CEO Defends Licence Amid Xenophobia Backlash
MTN Nigeria CEO Karl Toriola rejects calls to revoke the company's licence over South African xenophobic attacks, citing local ownership and investment.
NPA, ANLCA Partner to Tackle Congestion at Apapa, Tincan Ports
The Nigerian Ports Authority and licensed customs agents have agreed to collaborate to improve ease of doing business and resolve chronic congestion on Apapa and Tin Can Island port access roads.
South African Engineer Visits Dangote Refinery, Shares Experience
Nelisiwe Mokoena, a chemical engineer from South Africa, described her visit to Dangote Refinery in Lagos as incredible, highlighting the scale and complexity of the facility.
PZ Cussons Appoints Oghenekevwe Ogefere as Company Secretary
PZ Cussons Nigeria has appointed Oghenekevwe Ogefere as Company Secretary, effective July 2, 2026, succeeding Mrs. Oluwakemi Ogunleye.
Nigerian DisCos Generate N801bn Revenue Amid Power Crisis
Nigeria's electricity distribution companies generated N801.16 billion in revenue from January to April 2026, despite widespread blackouts and gas shortages, leaving N207.77 billion in unpaid bills.
5 Allowances University of Nairobi Lecturers Enjoy Beyond N1m
University of Nairobi lecturers receive over N1m monthly salary plus allowances including house, motor vehicle, hardship, leave, and breakfast benefits, as detailed on the university's website.
China's Rooftop Mist Cooling Systems Go Viral for Reducing Heat
China's rooftop mist cooling systems have gone viral for lowering outdoor temperatures by up to 8°C in residential communities, offering relief during extreme heatwaves.
Tinubu Unveils 5,000 Youth Jobs in Electricity Scheme
President Tinubu announces The Power Force, training 5,000 youths as meter installers under the Presidential Metering Initiative to tackle estimated billing and create jobs.
7 Steps to Escape Loan App Debt in Nigeria by Business Founder
Iking Ferry, founder of Pulseford Business School, shares 7 actionable steps to escape loan app debt in Nigeria, emphasizing health, negotiation, and strategic repayment.
US Embassy Abuja, Lagos Consulate Close July 3 for Independence
The US Embassy in Abuja and Consulate General in Lagos will close on Friday, July 3, 2026, for US Independence Day observance, suspending all routine services including visa appointments and passport collections.
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