Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
Category : Business
FG Denies Open Grazing Ban, Backs Ranching
Federal Government clarifies no nationwide ban on open grazing exists. Minister Idi Maiha details a gradual transition to modern ranching systems using 4.5 million hectares of reserves.
FG to seize Dana Air assets for passenger refunds
FG considers recovering Dana Air's assets to refund passengers. NAMA extends operating hours for four airports. Get the latest aviation updates.
35 Million Nigerians Face Severe Hunger Due to Insecurity
UN warns rising insecurity in Northern Nigeria could push 35 million into severe hunger during 2026 lean season. WFP emergency resources deplete by December without urgent funding.
Asian Stocks Extend Rally as Fed Rate Cut Hopes Grow
Asian markets continue global rally as weak US data fuels Federal Reserve rate cut expectations. Trump's potential Fed pick Kevin Hassett adds to investor optimism. Tokyo and Seoul lead gains.
China's Rare Earth Control Shapes US Trade Relations
China's decades-long strategy to dominate rare earth minerals gives Beijing crucial leverage in ongoing trade negotiations with the United States. Discover how this impacts global technology and defense sectors.
Nigeria's ICT development grows by 13% in 2025
Nigeria records 13% ICT growth according to ITU's 2025 index. Minister Bosun Tijani aims to increase sector's GDP contribution to 21% within 2-3 years. Read more about Nigeria's digital transformation.
VAS Operators See 25% Growth, Revenue Hits N83bn
Nigeria's Value-Added Service market exploded in 2024, recording a 25% subscription surge and a massive 470% revenue increase. Discover the drivers behind this telecom boom.
New PropTech Platform IGetHouse Launches in Lagos
IICOCECE Properties & Investment unveils IGetHouse, a property technology platform designed to solve Africa's housing challenges through verified listings and income-sensitive options.
Cross River, REA Partner to End Rural Power Blackouts
Cross River State and REA launch aggressive clean energy expansion to tackle electricity crisis affecting 15 local councils. Governor Otu reveals only 3 areas have consistent power.
N850bn PIA Environmental Funds Not Implemented - Reps
House Committee warns of deepening ecological devastation in Niger Delta as Petroleum Industry Act environmental funds remain unimplemented four years after passage. Urgent action needed.
FSDH Bank disburses over N3bn to women entrepreneurs
FSDH Merchant Bank has disbursed over N3 billion in loans to women-led businesses over five years. Discover how this initiative is driving economic inclusion for Nigerian women.
UK Labour Government Announces Tax-Raising Budget
Britain's Labour government reveals tax-increasing budget to address £20 billion deficit, rising inflation and economic stagnation. Learn how this affects public services and households.
HEF 2025 Champions Ethical Business Growth in Nigeria
The 2025 Harvesters Entrepreneurship Forum emphasized scaling businesses with strategy, spirit, and structure. Learn how Nigerian entrepreneurs are building legacies of impact.
Firms Launch Digital-to-Print Services for Nigerian MSMEs
Kodak Moments and Studio 24 launch an affordable photo-printing package for Nigerian MSMEs. This initiative helps small businesses convert digital images into physical prints, creating new revenue streams. Explore the opportunities!
BOI Unveils Business Clinic to Save Nigerian MSMEs
Bank of Industry launches structured Business Clinic model to address MSME survival crisis. Only 20% of Nigerian businesses survive past 5 years. New program targets 24,000 enterprises by 2027.
CLMI Demands Regulatory Commission for Logistics Sector
CLMI Chairman Prof. Simon Emeje calls for urgent establishment of regulatory commission to fix Nigeria's ailing logistics industry valued at $60 billion.
Golf Tournament CIO Classic to Spur Nigeria Tourism
Chief Ikenna Okafor reveals plans to grow the CIO Golf Classics into a major tourism driver for Nigeria, with prize money increasing to N100 million. Discover how golf can transform the economy.
Zenith Bank Future Forward 5.0 Tech Summit Highlights
Zenith Bank demonstrates strong commitment to Nigeria's tech ecosystem through Future Forward 5.0 summit featuring hackathons, startup pitches and innovation showcases in Lagos.
Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80
President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.
Africa's $163bn Debt Crisis Needs EU Action
African leaders warn Europe must help break debt cycle as countries pay $163bn annually. Unsustainable debt hampers climate resilience and development across the continent.
N1.65trn PIA Funds Denied to Niger Delta
House Committee exposes how Niger Delta lost N1.65 trillion in environmental cleanup funds due to PIA implementation failures. Lawmakers demand immediate action.
US imposes $100 surcharge on foreign park visitors
The Trump administration announces $100 surcharge for foreign visitors to US national parks starting 2026. Annual passes triple to $250 for non-residents. Learn how this affects Nigerian travelers.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
IUX Brokerage Grows 68%, Enhances Client Protection
IUX brokerage reports explosive 68% quarterly growth to $541B in trading volume. Discover their risk management safeguards including negative balance protection and segregated funds for Nigerian traders.
Reps query non-implementation of PIA environmental funds
House of Representatives committee warns of deepening ecological crisis in Niger Delta as ₦1.65 trillion environmental funds remain unimplemented four years after PIA enactment. Urgent action needed.
FG Denies Open Grazing Ban, Plans Ranching Transition
Federal Government clarifies open grazing is not banned, announces phased transition to modern ranching using 4.5M hectares of reserves. Learn about the new livestock development strategy.
FG Clarifies Tax Law Misconceptions for 2026
Federal Government clarifies misconceptions about new 2026 tax reforms. Most Nigerians will pay less or no tax. VAT removed from food, education, healthcare.
Cross River & REA Tackle Rural Power Crisis
Cross River State and REA launch clean energy partnership to end electricity blackouts affecting 15 LGAs. Initiative aims to transform rural economies and reduce generator dependency.
Petrol Workers Applaud NNPCL Health Insurance Scheme
NNPC filling station workers commend new health insurance scheme covering 7,000 employees. Workers urge NUPENG to conduct elections and private marketers to follow NNPCL's example.
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