Why Rare Earth Metals Are Crucial for Tech and Energy
Discover how 'rare earth' metals from China power everything from smartphones to fighter jets. As the EU plans to boost production, learn why these elements are a global strategic chip.
Category : Business
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
UK Group GETI Praises NUPRC's $10bn Licensing Round
UK's GETI commends NUPRC for transparent $10bn oil licensing round. Digital portal for 50 blocks aligns Nigeria with global best practices, boosting investor confidence. Read more.
San Francisco sues food giants over ultra-processed products
San Francisco files a landmark lawsuit against major food producers like Kellogg and Nestle, alleging they knowingly caused a public health crisis. Read the full details.
Keyamo Apologises for Nigeria Airshow, Promises Better Future
Aviation Minister Festus Keyamo apologised for the poor outcome of the maiden Nigeria International Airshow but pledged significant improvements for future editions. Read his full vision for Nigeria's aviation future.
Man Finds Tree He Planted in School 15 Years Ago
A Nigerian man revisits his Lagos secondary school to find the tree he planted 15 years ago standing tall. His heartwarming story inspires many online. Read more.
Trump Eyes Economic Adviser Hassett for Fed Chair Role
President Donald Trump suggests Kevin Hassett could be his pick for Federal Reserve Chairman. Get the full details on this potential nomination and its implications.
NIEE Sounds Alarm on Lagos Environmental Vulnerabilities
Environmental engineers warn Lagos faces severe risks from flooding and pollution. Experts call for urgent action to harness the blue economy for a sustainable future. Read the full report.
FCMB AgriTech Hackathon 2025 crowns Qiqi Farms winner
First City Monument Bank (FCMB), FMO, and HeaveVentures conclude the AgriTech Hackathon 2025, awarding Qiqi Farms as the grand winner. Discover how this initiative boosts Nigeria's agricultural innovation.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
CBN Prioritises Digital Payments, Financial Inclusion for 2026
CBN Governor Olayemi Cardoso outlines 2026 agenda focusing on payment system upgrades, digital finance expansion, and deeper financial inclusion for all Nigerians. Read the full plan.
16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline
CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.
Akwa Ibom Opens 32-Day Christmas Unplugged Festival
Governor Umo Eno flags off the 32-day Christmas Unplugged 3.0 festival in Uyo, highlighting tourism as a key economic pillar for Akwa Ibom State. Explore the cultural showcase!
NCDMB, BOI Unveil $100m Fund for Oil & Gas Firms
NCDMB and Bank of Industry launch a $100m equity fund to boost local oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
High Energy Costs Threaten Nigerian Manufacturing - FG
The Federal Government warns that energy costs now consume 40-60% of manufacturers' expenses, eroding Nigeria's industrial edge. Minister John Owan Enoh calls for urgent action. Read more.
Nigeria, Algeria Customs Seek Deeper Cross-Border Cooperation
Algerian & Nigerian customs pledge stronger collaboration on training, modernization & trade facilitation. Delegation from Nigeria studies Algeria's oil export procedures to boost efficiency.
GDP Growth at 3.98% in Q3 2025, But Living Costs Still High
Nigeria's economy grew by 3.98% in Q3 2025, reports NBS. However, CPPE warns the cost-of-living crisis remains a major concern for households. Read the full analysis and policy recommendations.
Nigeria to Start Making Aircraft Parts, Aims for $2.58bn Revenue
President Tinubu announces plans for local aircraft component manufacturing, aiming to make Nigeria West Africa's aviation hub. Passenger traffic is projected to hit 25.7 million by 2029.
Contractors Protest ₦500bn Unpaid Contracts at Finance Ministry
Indigenous contractors protest at Nigeria's Finance Ministry over ₦500 billion unpaid debts, accusing the government of reneging on promises. They demand payment to save jobs and businesses.
Ssonic Gas Foundation Launched to Support Vulnerable Nigerians
Dr. Ifeoma Douglas calls on Nigerians to complement government efforts in aiding the less privileged. The Ssonic Gas Company Foundation launch in Abuja distributed aid to thousands.
4.5m Nigerians to Get Climate-Smart Agric Empowerment
The Federal Government partners with UNESCO REF to train 4.5 million Nigerians in hydroponics and kenaf farming, boosting food security and climate resilience. Learn how this initiative promises significant income.
NUPRC's $10bn Licensing Round Hailed as Global Transparency Model
UK-based GETI commends NUPRC's digital licensing portal, projecting $10bn investment. A new benchmark for Africa's oil sector under Engr. Gbenga Komolafe's leadership.
Nigeria's Economy Grows 3.98% in Q3 2025
Nigeria's economy expanded by 3.98% in Q3 2025, with services and agriculture leading growth. The non-oil sector remains a key driver. Discover the full breakdown and what it means for the nation's economic outlook.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
BoI disburses ₦1.27tr to enterprises, supports 900,000 jobs
The Bank of Industry disbursed over ₦1.27 trillion across 14 sectors in 2024, supporting 900,000 jobs. The bank is expanding green finance and renewable energy investments to drive Nigeria's industrial transformation.
Oborevwori Unveils Cubana Millennium City in Asaba
Delta State Governor Sheriff Oborevwori has unveiled the Cubana Millennium City, a luxury real estate project by Obi Cubana, signaling strong investor trust in Delta's economy and security.
NNPC's N5.4trn Profit Sets New Public Sector Standard
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
Lagos Tenancy Bill 2025: Offences & Penalties Detailed
The proposed Lagos State 2025 Tenancy Bill introduces strict penalties, including fines up to N1,000,000 and imprisonment, to curb exploitative housing practices. Learn the key offences for landlords, agents, and tenants.
NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Soft Drink Tax Hike Risks Jobs and Inflation, CPPE Warns
The CPPE warns Nigeria's proposed excise duty increase on beverages may trigger job losses and worsen inflation. Experts urge broader public health strategies instead. Read more.
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