SME Growth Requires More Than Capital, Says Expert
Access to capital alone is insufficient for SME growth; factors like infrastructure, policy, and skills are critical, according to George Ogbonnaya.
Category : Agriculture
Soaring Gas Prices Force Nigerians to Buy Small Quantities
Despite rising costs, millions of Nigerians still rely on cooking gas. Many now buy small quantities or switch to charcoal as prices surge due to supply deficits and currency issues.
Nigeria unveils world-class mineral province in Kaduna
Nigeria announced a world-class polymetallic mineral province in Kaduna with platinum, gold, lithium, and rare earths, verified by NGSA. Revenue from mining rose to N70 billion in 2025.
Nigeria's Petrol Price Hits ₦1,596 per Litre in May: NBS
Nigeria's average petrol price rose to ₦1,596 per litre in May 2025, a 6.5% increase from April, according to the National Bureau of Statistics.
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Akwa Ibom oil communities demand gas flaring accountability
Oil-producing communities in Onna LGA, Akwa Ibom, demand stronger accountability from oil companies on gas flaring and PIA implementation, citing environmental and health impacts.
REA Commissions Solar Mini-Grid for Five Lagos Communities
The Rural Electrification Agency has commissioned a solar mini-grid to provide electricity to five communities in Lagos State, impacting over 1,000 households and businesses.
Ethiopia FDI: From Growth to Conflict-Driven Risk Repricing
Ethiopia's FDI inflows dropped from $4.1B peak to $3.7B in 2022, as conflict and debt pressures reshape investor confidence and industrial park viability.
FG Hands Over Enugu Airport to Private Operator
The Nigerian government has officially handed over the Akanu Ibiam International Airport, Enugu, to a private operator under a 30-year concession agreement aimed at improving infrastructure and services.
Digital Payments Empower Nigeria's 39 Million MSMEs on MSME Day
Nigeria has over 39 million MSMEs contributing 48% of GDP. PalmPay's digital ecosystem and Hustle Grant help businesses scale, as highlighted on World MSME Day.
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Cornerstone Insurance Profit Drops 54.6% on Naira Reversal
Cornerstone Insurance's post-tax profit fell 54.6% in 2025 as foreign exchange gains reversed from N30.8bn to -N6.1bn, following naira devaluation impacts.
How to Fund Your Child's Education Abroad in Nigeria
Learn how to fund your child's education abroad in Nigeria with structured plans like Leadway Education Target Plan, offering flexibility and protection.
Former FCMB Banker Returns After 7 Years, Shows Welcome Pack
Dr David Ephraim Mathias, a former FCMB employee, returned to the bank after seven years and shared his welcome pack on LinkedIn, calling it a fruitful homecoming.
Depots Cut Petrol Below Dangote’s N1,127 in Energy Competition
Private depot owners have slashed petrol prices below Dangote’s N1,127/litre, intensifying competition in Nigeria’s downstream sector. Aiteo and MRS Tincan sell at N1,125, while Bono and others offer N1,126.
Lagos Govt Apologizes for Waste Evacuation Failures
Lagos State Government acknowledges waste evacuation lapses, apologizes to residents, and outlines plans for a circular waste economy and waste-to-energy investments.
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Lagos waste crisis: Tokunbo Wahab apologises to residents
Lagos Environment Commissioner Tokunbo Wahab apologises to residents over poor waste collection, outlines plans for waste-to-energy projects and reforms to tackle the state's waste management crisis.
Cooking Gas Price Drops 31.8% to N1,500/kg in Nigeria
Cooking gas prices in Nigeria have fallen by about 31.8% to N1,500 per kilogramme, offering relief to households. Improved supply and regulatory actions are key drivers.
Nigeria delisted from 2026 Math Olympiad over funding
Nigeria has been downgraded to observer status at the 2026 International Mathematical Olympiad due to chronic funding failures, reviving debate over support for gifted students.
NUC Approves Taraba State University of Tropical Agriculture
The National Universities Commission has approved Taraba State University of Tropical Agriculture, Science, Technology, and Climate Action (TSU-TASCA) in Gembu, focusing on agriculture, technology, sustainability, and climate resilience.
PalmPay Hustle Grant Boosts GreenTead Farm to Multi-Million Naira
John Adekunle Akinloye used the PalmPay Hustle Grant to expand GreenTead Farm, investing in irrigation and tomato processing to generate over N2 million in revenue.
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Dangote Refinery Slashes Fuel Price Again to N1,125
Dangote Refinery reduces petrol gantry price to N1,125 per litre from N1,175, marking a N50 drop. Total reduction in two weeks reaches N125 per litre amid falling crude oil prices.
Top 10 Biggest Banks in Africa in 2026: SA, Nigeria, Egypt Lead
Africa's top 10 banks in 2026: Standard Bank leads, followed by FirstRand, NBE, Absa, Nedbank, UBA, Banque Misr, CIB, Ecobank Ghana, and Sterling Bank.
Tinubu: Africa must add value to mineral resources
President Tinubu declares open AFNIS 2026, urging Africa to move beyond raw material supply, build value chains, and attract partnerships that promote local jobs and technology transfer.
Bank Credit to Private Sector Rises to N81trn
Nigerian bank lending to the private sector rose to N81.041 trillion in May 2026, while cash outside banks hit a record N5.193 trillion, CBN data shows.
FG discovers platinum, gold, lithium, rare earth minerals in Kaduna
The Federal Government announces a world-class polymetallic mineral province in Kaduna, with deposits of platinum, gold, lithium, and rare earth elements, potentially transforming Nigeria's economy beyond oil.
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Dangote Refinery Slashes Petrol Price by N50 as Crude Drops
Dangote Petroleum Refinery cuts petrol price by N50 per litre to N1,125, citing falling crude oil prices below $73 per barrel amid easing Middle East tensions.
UK Publishes Salaries of Designers, Developers, Programmers
The UK government has disclosed annual salaries for graphic designers, web developers, and programmers on its careers website, with starting pay ranging from £25,000 to £30,000.
10 Strongest Earthquakes Ever Recorded Worldwide
Two powerful earthquakes in Caracas, Venezuela, killed 32 and injured 700. The US Geological Survey lists the 10 most powerful quakes ever recorded; Venezuela's do not rank among them.
Nigerians Still Paying N1,200/Litre Petrol Despite Crude Crash
Global crude oil prices fell to about $73 per barrel after the US-Iran peace deal, but petrol prices in Nigeria remain high at N1,205 per litre, frustrating consumers.
UK Salaries for Lecturers, Bank Managers, Accountants Published
The UK government has disclosed starting and experienced annual salaries for university lecturers, bank managers, and private practice accountants, with figures converted to Nigerian naira.
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OPay and the Rise of Nigeria's New Economic Infrastructure
OPay is driving Nigeria's digital economy by building payment infrastructure, advancing financial inclusion, and supporting the CBN's Payment System Vision 2028.
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