business
FCT Minister Wike Grants 14-Day Grace for Abuja Land Use Defaulters to Pay ₦5m Penalty or Face Revocation of Titles The Minister of the Federal Capital Territory (FCT), Barrister Nyesom Ezenwo Wike, today, Sunday, November 9, 2025, approved a final 14-day grace period for property owners in key Abuja districts who have violated the conditions […]
Governor Oyebanji Insists Agriculture Can Solve 60% of Nigeria’s Problems, Cites 5,000 Youths Engaged in Ekiti The Governor of Ekiti State, Biodun Oyebanji, has positioned agriculture as the most critical and sustainable solution to the multi-faceted crises facing Nigeria, asserting that a strategic focus on the sector can resolve at least 60% of the nation’s […]
Boat Passengers Query Lagos’ €410M Omi Eko Project Over New High-Capacity Ferries, Warn of Major Loading Delays The implementation of the Lagos State Government’s ambitious €410 million Omi Eko Project, designed to revolutionize water transportation, has hit a logistical speed bump as a major stakeholder group publicly questioned the operational viability of the new ferry […]
NGX Reaffirms Leadership in Islamic Finance, Commits to Deepening Market Inclusion and Transparency The Nigerian Exchange Limited (NGX) has forcefully reaffirmed its dedication to enhancing market inclusion and transparency within the Islamic finance sector, following its active participation in the recently concluded 7th African International Conference on Islamic Finance (AICIF), held in Lagos. In a […]
US-Based Tech Innovator, Seun Mafa, Urges Nigeria to Reject Foreign Intervention, Fix Internal Rot The national debate over the potential for foreign intervention intensified today, Saturday, November 8, 2025, as US-based tech entrepreneur and healthcare innovator, Seun Mafa, strongly cautioned against relying on external promises to solve Nigeria’s deep-seated problems. Mafa, who serves as the […]
United Nigeria Airlines Unveils Aircraft Named After Jerry John Rawlings, Set to Launch Direct Lagos-Accra Flights In a significant stride toward strengthening West African air connectivity and promoting Pan-African ideals, United Nigeria Airlines (UNA) today, Saturday, November 8, 2025, unveiled an aircraft named after the late former President of Ghana, Jerry John Rawlings. The unveiling […]
FG Unveils Mega Post-Harvest Plan, NiPHaST, to End Hunger and Recapitalize Bank of Agriculture with N1.5 Trillion The Federal Government has rolled out an ambitious package of agricultural reforms aimed at transforming Nigeria into a food-secure nation, focusing primarily on eliminating wastage and enhancing the financial stability of farmers. The cornerstone of this strategy is […]
Lekki Port Projected to Inject $360 Billion into Nigeria’s GDP, Create 170,000 Jobs Over Concession Period Nigeria’s maritime sector received a massive economic uplift today, Tuesday, November 4, 2025, as the Managing Director of the Lekki Port LFTZ Enterprise Limited, Wang Qiang, announced staggering projections for the deep sea port’s economic impact over the coming […]
Nigerian Stocks Plunge ₦247 Billion, Naira Slides as Trump’s Military Threat RATTLES Investors Nigerian financial markets were thrown into turmoil on Monday, November 3, 2025, as investors reacted with fear and uncertainty to the weekend threat of possible U.S. military action against Nigeria made by President Donald Trump. The market sell-off was immediate and sharp, […]
PIND, Okomu Oil Launch Mega-Development Plan to Tackle Conflict, Boost Skills in Edo Communities In a landmark commitment to corporate social responsibility and sustainable development, the Foundation for Partnership Initiatives in the Niger Delta (PIND) and Okomu Oil Palm Company Plc (OOPC) have sealed a strategic ₦1.2 billion partnership aimed at transforming the socio-economic landscape […]
Femi Otedola Hails Tinubu’s 15% Fuel Import Tariff, Warns Against Repeating Past Industrial Collapse Billionaire businessman and prominent energy sector investor, Femi Otedola, has publicly thrown his support behind President Bola Ahmed Tinubu’s recent decision to implement a 15 per cent ad-valorem import tariff on petrol and diesel, describing the move as essential for safeguarding […]
Power Grid Bottlenecks SINK GenCos as 2,000MW Remains Stranded Daily Nigeria’s power generation companies (GenCos) have recorded a staggering loss of ₦2.31 Trillion over the past twelve years, a financial catastrophe attributed almost entirely to electricity that was available but could not be delivered to consumers due to the persistent failure of the nation’s transmission […]
Minister Reveals 10,000MW Stranded in Idle Plants, Blames ‘Wasteful’ Transmission Failure Despite Nigeria’s crippling electricity shortages, the Minister of Power, Adebayo Adelabu, has revealed a startling inefficiency in the sector, disclosing that over 10,000 Megawatts (MW) of installed generation capacity is currently stranded and unused across the country. Speaking emphatically at the Nigeria Energy Conference […]
Finance Youth Ideas NOW or Watch Them Flee to ‘Crypto, Virtual’ Economy The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has issued a sharp challenge to Nigeria’s banking sector, urging them to aggressively finance the innovative ideas of young Nigerians to secure economic stability and prevent a migration of talent […]
Lagos Moves to Enforce Compulsory Insurance for ALL Commercial Buildings Above Two Floors The Lagos State Government has formally announced its decision to enforce compulsory insurance for all commercial structures exceeding two floors, marking a major regulatory step aimed at improving safety standards and protecting public interest in Nigeria’s bustling commercial hub. The plan was […]
World Bank’s Mission 300 Lights Up Lives, Connects 32 Million to Electricity Africa’s most ambitious electrification effort, Mission 300, has reached a critical milestone, with the World Bank Group (WBG) announcing today, Sunday, November 2, 2025, that its operations have successfully provided electricity access to 32 million people across the continent. This achievement marks a […]
Cross River Partners World Bank in Massive Teacher Training to Erase Maths, English Learning Deficits The Cross River State Government, in a determined effort to overhaul its basic education sector, has launched a massive, statewide teacher training program in partnership with the World Bank’s Project Hope Education. The ambitious initiative is specifically designed to address […]
UBA Reports 2.47 Trillion Naira Gross Earnings in Nine Months, Posts 537.5 Billion Naira Profit United Bank for Africa (UBA) Plc has demonstrated resilience in a challenging economic climate, reporting Gross Earnings of 2.47 Trillion Naira for the nine months ended September 30, 2025. The unaudited results, filed with the Nigerian Exchange Limited on Thursday, show […]
Public Outcry Looms as 15 per cent Import Tariff Threatens to Push Petrol Price Above One Thousand Naira Mark Nigerian consumers are bracing for another steep hike in the price of Premium Motor Spirit (PMS), popularly known as petrol, as President Bola Tinubu has officially approved a 15 per cent ad-valorem import duty on imported petrol […]
Customs Hands Over Sealed Badagry Petrol Station to NMDPRA for Sanction Over Alleged Fuel Smuggling The Nigeria Customs Service (NCS), through its anti-smuggling task force, Operation Whirlwind, has officially transferred a sealed filling station in Lagos to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for necessary regulatory sanctions. The handover, which took place […]