Enugu land reform burdens landlords and tenants
Enugu State's land reform aims to boost revenue but imposes high fees on landowners, who pass costs to tenants, sparking outcry and calls for review.
Category : Business
ETK Launches Momentum to Boost Organisational Strength
ETK launches Momentum, a tech-enabled capacity and climate risk platform, in Lagos with UK partners to strengthen organisational systems for growth and competitiveness.
Boating Can Make Nigeria Africa's Aqua-Tourism Hub
Yomi Sonuga says Nigeria can become a top aqua-tourism destination by investing in marine safety, boating culture, and waterfront infrastructure.
Nigeria FTTH connections surge 149% in 2025
Nigeria's FTTH connections rose 149% to 210,065 by end-2025, NCC data shows. Expansion eases mobile network pressure, but challenges like high costs and infrastructure gaps persist.
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Insurer Gets SEC Nod for N15.6bn Rights Issue
Great Nigerian Insurance Plc gets SEC approval for a N15.6 billion rights issue, offering six new shares for every seven held, to boost capital beyond NAICOM requirements.
KS Legal, NGCC Host Young Professionals Blueprint Seminar
Kayode Sofola & Associates and Nigerian-German Chamber of Commerce hosted a seminar on June 5, 2026, empowering young professionals with legal, business, and leadership skills.
Tanzania Pitches 57.5 TCF Gas Reserves to Investors
Tanzania promotes its 57.54 TCF gas reserves and LNG plans to attract global investors, aiming to boost its role in Africa's gas race.
2.3GHz Spectrum Allocation Reshapes Nigeria Broadband
The NCC finalizes 2.3GHz spectrum allocation, intensifying competition among ISPs like Cyberspace and Tizeti, boosting broadband expansion and digital inclusion across Nigeria.
Expert Urges Nigeria to Adopt 24-Hour Ship Registration Model
Dr Anthony Onoharigho advocates for an open ship registry in Nigeria, citing Liberia's 24-hour registration model to boost fleet, economy, and global image.
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Shettima Seeks Reforms, Investment for Blue Economy
Vice President Shettima calls for regulatory reforms and investment to harness Nigeria's $296 billion blue economy potential, emphasizing maritime governance and security.
Nigeria must deepen reforms to remain competitive
Bismarck Rewane urges sustained reforms for Nigeria's competitiveness, projecting 4% GDP growth and stable naira in 2026 amid fiscal challenges.
Nigeria's Radical Humanitarian Blueprint for Dignity
Nigeria's OHOPRS framework aims to unify poverty reduction efforts, shifting from handouts to economic inclusion, with a data-driven National Social Register and budget defenses.
Tariff hike triggers N4tr investment inflow in two years
Telecom operators report N4 trillion investment inflow following 50% tariff hike, as NCC reviews Mobile Termination Rate to reflect current market realities.
Insecurity, Weak Funding Threaten Nigeria's Small Businesses
Experts warn that insecurity and limited access to finance are crippling Nigeria's 40 million SMEs, urging reforms and innovation at the ICEMISD 2026 conference.
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Town Planners Urge Digital Shift for Urban Solutions
NITP and TOPREC call for digital transformation in urban planning to tackle challenges like delays, security, and infrastructure, using AI and ChatGPT.
Nigeria, Tanzania, Ethiopia lead as Mission 300 powers 50m
Nigeria, Tanzania and Ethiopia are top beneficiaries of Mission 300, which has connected over 50 million people to electricity across 40 African countries, the World Bank and AfDB announced.
U.S.-Iran Deal Pressures Nigerian Crude Prices
A U.S.-Iran peace deal opens the Strait of Hormuz, weakening Nigerian crude prices like Bonny Light below $90 as Middle Eastern supply returns, though full recovery may take months.
Solar boom masks seasonal risk in clean energy shift
Nigeria's rapid solar adoption faces a seasonal challenge: the rainy season reduces panel output by 15-30% if unmaintained, threatening efficiency gains.
Stablecoins and Trust Key to Africa's Commerce Future
Konga CEO Nnamdi Ekeh calls for stablecoins and digital trust to unlock Africa's commerce potential at Lagos Business School forum.
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Firm Promotes Renewable Energy for Healthcare
Simba Power advocates for renewable energy in healthcare to reduce costs and improve reliability, showcasing advanced energy storage at WHX Medic Exhibition 2026.
CMA CGM Imposes New Peak Season Surcharge on China-West Africa
CMA CGM imposes a peak season surcharge on China-West Africa cargo, with rates up to $850 per TEU for Togo-bound shipments, effective June 15, 2026.
Falcon Aero Names Ex-NCAA DG Capt Fola Akinkuotu Chairman
Falcon Aerospace Limited appoints veteran pilot and former NCAA Director-General Captain Fola Akinkuotu as Chairman to drive expansion across Africa and international markets.
Sujimoto Group Partners with Cotco for Food Processing
Sujimoto Group partners with China's Cotco Food Machinery to build a state-of-the-art food processing system, aiming to enhance Nigeria's food security and industrial growth.
DEON-Optasia Dispute: Nigeria's Digital Economy at Stake
The DEON-Optasia dispute raises questions about data control, revenue sharing, and regulatory clarity in Nigeria's digital economy. The outcome will impact investor confidence and innovation.
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Makinde vows to risk life for Oriire abductees
Oyo Governor Seyi Makinde declares readiness to sacrifice his life to secure release of abducted pupils and teachers in Oriire, addressing protesters led by VeryDarkMan.
Shettima launches fertiliser distribution to 129,000 farmers
Vice President Kashim Shettima flagged off distribution of 515,720 bags of urea and NPK fertilisers to 128,930 smallholder farmers across 25 states and FCT under the Renewed Hope Farm Input Support Programme.
Research Directors Unite to Boost Innovation and Funding
The Forum of Research Institutions Directors has pledged to strengthen collaboration, advocate increased funding, and accelerate industrialisation through research in Nigeria.
Enugu Targets Medical Tourism with New 300-Bed Hospital
Enugu State is building a 300-bed quaternary hospital to attract patients across Africa, reduce medical tourism, and boost the economy as part of a broader development agenda.
NRC Discharges Most Train Accident Victims, Begins Track Work
The Nigerian Railway Corporation says all but one injured passenger from the June 8 Warri-Itakpe train accident have been discharged, as track restoration begins.
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EU Ambassadors Assess Kannywood's Job Creation Potential
A European Union delegation visited Kannywood in Kano to explore how the film industry can create jobs, skills, and social change for youth in northern Nigeria.
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