FG Targets $4.4 Billion SAPZ Investment with 30.85% Return
The Federal Government aims to attract $4.4 billion in private investment for Special Agro-Processing Zones, projecting a 30.85% rate of return to boost agricultural output.
Category : Agriculture
Nigeria faces rice, tomato shortages in 3 months
Nigeria faces severe shortages of rice, tomatoes, peppers, and onions within three months due to rising transport costs, post-harvest losses, and insecurity, OTACCWA warns.
NAICOM: Over 70% of Insurers Complete Verification
The National Insurance Commission (NAICOM) reports that more than 70% of insurers have completed verification for recapitalisation, meeting the July 31 deadline.
Nigeria Faces Rice, Tomato Shortage in 3 Months
Nigeria faces severe shortages of rice, tomatoes, peppers, and onions within three months due to declining production, post-harvest losses, and rising transport costs, warns OTACCWA.
Nigeria Becomes Africa's Largest Banking Market by Customers
Nigeria has overtaken South Africa to become Africa's largest banking market by customer numbers, led by Access Bank with 60 million clients, though no Nigerian bank ranks in the top 10 by assets.
Top 10 African Countries With Highest Interest Rates July 2026
Ghana leads with a 30% policy rate, followed by Nigeria at 27.5%, as central banks fight inflation. The list includes Angola, Ethiopia, and others.
Enugu State Launches Digital Land Survey Revalidation
Enugu State Government begins Continuous Survey Revalidation and Digitisation to create a fully digital land administration system, protect property rights, and eliminate disputes.
Kaduna Governor Flags Off Free Fertiliser to 150,000 Farmers
Governor Uba Sani flagged off distribution of 500 trucks of free fertiliser to 150,000 smallholder farmers across Kaduna, marking the third consecutive year.
Escrow Plans for Off-Plan Deposits May Fail Buyers
Experts warn that proposed escrow accounts for off-plan property deposits in Nigeria may not safeguard buyers due to weak regulations and enforcement gaps.
Rice and Tomato Scarcity Warning in 3 Months
Nigerians may face food price hikes within three months as experts warn of declining rice and tomato production, with prices of staples already rising.
16.99M Nigerians Face Acute Hunger by Jan 2027
A new FEWS NET report warns that 16.99 million Nigerians could experience acute hunger by January 2027 due to rising inflation, conflict, and climate shocks.
Nigerian Man Builds Solar Setup for N4.5 Million, Warns of Fake Panels
A Nigerian content creator assembled a home solar system for N4.5 million, far below installer quotes. He warns that 98% of solar panels sold outside official distributors are fake.
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Tunde Onakoya launches ₦250m tech scholarship for NYSC
Tunde Onakoya, Sam Otigba and HackSultan launch a ₦250 million tech scholarship for NYSC members and graduates, offering ₦160,000 each, free laptops, mentorship and job placement.
Naira Faces Fresh Depreciation as Fuel Importers Drive Dollar Demand
A Reuters survey shows the naira will weaken against the dollar next week as fuel importers front-load dollar purchases for petroleum imports, straining forex reserves.
Jollof Rice Cost Hits N30,000, Up 624% in a Decade
The cost of cooking jollof rice for a family of five has surged to nearly N30,000, a 14.6% annual rise and 624% increase over a decade, driven by protein prices and weather disruptions, according to SBM Intelligence.
FG Proposes Developer Licensing, Escrow Accounts
Nigeria's FG proposes mandatory licensing for developers and escrow accounts for homebuyers to boost transparency and reduce fraud in the real estate sector.
US slaps 12.5% tariff on Nigerian imports over forced labour
The US has imposed a 12.5% tariff on Nigerian imports under a forced labour policy, affecting 60 economies. Nigeria faces higher duties than nations with labour bans.
Nigeria Transport Fares Surge as Petrol Hits N1,400
Petrol prices have climbed to N1,400 per litre in parts of Nigeria, forcing transport fare hikes of 20-40% across many routes, with commuters on the Maiduguri-Kano route now paying N25,000.
Petrol Depot Prices Drop as Dangote Refinery Resumes Naira Sales
Dangote Refinery resumes naira sales, prompting petrol depot price reductions across Nigeria despite rising global crude oil prices.
Tinubu govt budgets ₦22.15bn for 106 palaces
The Nigerian Federal Government has allocated ₦22.15 billion in the 2026 budget for construction, renovation and furnishing of 106 traditional rulers' palaces, sparking debate over spending priorities.
Nigeria trains 5,000 smart meter installers under Power Force
Nigeria has started training the first batch of 5,000 smart meter installers under the Presidential Metering Initiative, aiming to deploy seven million meters. Nearly 220,000 applied for the programme.
NCAA Threatens Royal Air Maroc Suspension Over Infractions
The Nigerian Civil Aviation Authority has threatened to suspend Royal Air Maroc's operations in Nigeria due to alleged regulatory infractions, including outstanding debts and safety concerns.
FG begins training 5,000 meter installers, gets 220,000 apps
The Nigerian government has commenced training the first batch of 5,000 meter installers under the Presidential Power Initiative, attracting over 220,000 applications.
FAO-WFP Report Names 5 Countries With Worst Hunger Crises
FAO-WFP Hunger Hotspots report identifies Sudan, Gaza, South Sudan, Haiti, and Mali as the world's worst hunger crises, with famine confirmed in parts of Sudan and Gaza.
Commercio Partners Report: 10 Years of Money Market
A new report from Commercio Partners reveals that Nigeria's money market has grown 150% in a decade, while living costs surged 200%, outpacing income growth and widening inequality.
Apply for N10m iDICE Scheme in Nigeria: Step-by-Step Guide
Young Nigerian entrepreneurs can now apply for the iDICE Startup Bridge programme, offering mentorship and funding up to N10 million. Follow this step-by-step guide.
Crude Oil Nears $100 as Middle East Conflict Rattles Markets
Crude oil prices surged toward $100 per barrel as renewed conflict in the Middle East disrupted supply expectations, stoking global market volatility.
Arla Foods German Ties Reshape Nigeria Dairy Future
Arla Foods deepens German-Nigerian dairy collaboration, boosting local production, sustainability, and market access through new partnerships and investments.
Keystone Bank Empowers Nigerian Children Youths
Keystone Bank has launched multiple initiatives to empower Nigerian children and youths, including financial literacy programs and educational support, reaching over 10,000 young people nationwide.
Qatar National Day 2026: Next Public Holiday Date
Qatar's next public holiday is expected on December 18, 2026, for National Day. Residents await official confirmation from the Amiri Diwan.
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