FG May Seize Dana Air Assets for Passenger Refunds
Aviation Minister Festus Keyamo reveals FG may sell Dana Air assets to refund passengers and agents. Safety concerns prompted airline suspension. Read full details.
Category : Business
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
ACCI Calls for More Engagement on New Tax Laws
The Abuja Chamber of Commerce urges the Federal Government to increase stakeholder engagement for the successful implementation of new tax reforms set for 2026. Learn more about the key changes.
ECB Warns on AI Bubble and Eurozone Debt Risks
European Central Bank warns AI valuations may be overstretched and sovereign debt levels threaten financial stability. Learn how this affects global markets.
N1.6trn Niger Delta cleanup funds lost - Reps
House Committee reveals Nigeria lost N1.6 trillion in Niger Delta cleanup funds due to PIA non-implementation. Environmental crisis worsens as communities suffer.
IMF Urges Germany to Enact Pro-Growth Reforms
The IMF calls for Germany to implement pro-growth structural reforms alongside increased public spending to ensure sustained economic recovery. Learn more about the challenges facing Europe's top economy.
Dangote Refinery Triggers Fuel Price Competition in Nigeria
Nigerian petrol market sees intense competition as Dangote Refinery and importers adjust ex-depot prices. Latest updates on fuel costs and market dynamics revealed.
Open grazing now capital offence in Nigeria
Federal Government bans open grazing nationwide, declaring it a capital offence to curb farmer-herder conflicts. Minister urges adoption of ranching for better productivity.
Land Reform Key to Nigeria's $1trn Economy - Dangiwa
Housing Minister Dangiwa reveals land titling as Nigeria's surest path to $1 trillion economy. Learn how the Land4Growth program will unlock $300bn in dead capital.
Katsina invests N14bn in water conservation project
Katsina State Government begins N14.05 billion water conservation project in Faskari to fight desertification, boost agriculture and enhance water security for communities.
FG Denies Open Grazing Ban, Plans Gradual Ranching Transition
Federal Government clarifies no nationwide ban on open grazing exists. Minister confirms gradual transition to modern ranching systems across Nigeria's 4.5 million hectares of grazing reserves.
Economic Triangle Proposed for S/South, S/East States
My-ACE China urges Rivers, Akwa Ibom, and Abia governors to create an economic corridor that could rival Lagos. The proposed triangle would leverage ports, fabrication capacity, and blue economy potential.
$3.5m Poultry Farm to Create 2,000 Jobs in Katsina
TORQ Agro invests $3.5 million in Katsina's largest poultry farm, creating 2,000 jobs and boosting agricultural economy. Groundbreaking ceremony set for November 27.
China Backs Nigeria's Push for Digital Ports
China offers technical support to modernize Nigeria's seaports, including automation and digital systems. Partnership aims to boost trade efficiency and maritime security.
China to Bid for Panama Canal Ports Construction
China plans to bid for building two new ports on the Panama Canal despite US concerns. The $8.5 billion project includes ports, gas pipeline and reservoir. Read more.
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.
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.
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