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Dangote Group Commiserates with BBNaija Winner Phyna Over Sister’s Death

Dangote Group Commiserates with BBNaija Winner Phyna Over Sister’s Death The Dangote Group has officially offered its condolences to the family of Big Brother Naija Season 7 winner, Ijeoma Josephina Otabor, widely known as Phyna, following the death of her sister, Ruth Otabor. In a statement released on Sunday, the company confirmed that Ruth passed […]

Business News

Trade Barriers: Nigerian SMEs Decry New $80 Duty on Shipments to United States

Trade Barriers: Nigerian SMEs Decry New $80 Duty on Shipments to United States Nigerian small businesses are raising alarm over a new $80 mandatory prepaid customs duty on all postal shipments to the United States, a charge they say could cripple the country’s small-scale export market. The levy, announced by the Nigerian Postal Service (NIPOST), […]

Business News

Oil Production Boost: Heirs Energies Restarts Key Oil Well to Bolster Nigeria’s Output

Oil Production Boost: Heirs Energies Restarts Key Oil Well to Bolster Nigeria’s Output Heirs Energies, a wholly indigenous energy company, has announced a significant breakthrough in its operational strategy, successfully restarting a key oil well in Oil Mining Lease (OML) 17 that had been shut down for an astonishing 37 years. The company’s CEO, Osa […]

Business News

Fostering Economic Ties: Nigeria and Japan Collaborate on Mining Investment at TICAD9

Fostering Economic Ties: Nigeria and Japan Collaborate on Mining Investment at TICAD9 Nigeria and Japan are poised to forge a new economic partnership focused on mining, with high-level talks taking place at the 9th Tokyo International Conference on African Development (TICAD9) in Yokohama. The diplomatic engagement saw Nigeria’s Minister of Solid Minerals Development, Dr. Dele […]

Business News

Banking for All: UBA Rewards Customers with N150 Million Promo to Drive Financial Inclusion

Banking for All: UBA Rewards Customers with N150 Million Promo to Drive Financial Inclusion In a major push to deepen the culture of savings and expand financial access, United Bank for Africa (UBA) Plc has announced the launch of the fifth edition of its SuperSavers Promo. The nine-month-long campaign is designed to reward both new […]

Business News

Education First: Keystone Bank Renovates Akwa Ibom School, Improves Learning Environment

Education First: Keystone Bank Renovates Akwa Ibom School, Improves Learning Environment In a major boost to education in Akwa Ibom State, Keystone Bank Limited has officially handed over a fully renovated and equipped block of classrooms to the Community Comprehensive Secondary School, Four Towns, Uyo. The project, which is part of the bank’s Educational Support […]

Business News

State Prepares to Host Landmark Tourism Exhibition for Over 15,000 Stakeholders

State Prepares to Host Landmark Tourism Exhibition for Over 15,000 Stakeholders In a bold effort to unlock Nigeria’s vast and largely untapped tourism potential, Lagos is set to host a landmark cultural and tourism exhibition in December 2025, an event designed to bring together over 15,000 stakeholders from across the country and overseas. The exhibition, […]

Business

Supporting the Arts: Ecobank Collaborates with Artists to Host Major Exhibition

Supporting the Arts: Ecobank Collaborates with Artists to Host Major Exhibition In a significant move to champion the arts, Ecobank Nigeria is preparing to open a landmark art exhibition that will celebrate the timeless creativity of Nigeria’s most revered visual artists. The exhibition, titled “Enduring Legacies: A Collector’s Tribute to Masters,” is scheduled to run […]

Business

A Stiff Opposition: SEREC Condemns Proposed Increase in Maritime Agent Licence Fees

A Stiff Opposition: SEREC Condemns Proposed Increase in Maritime Agent Licence Fees In a major development within Nigeria’s maritime sector, the Sea Empowerment and Research Centre (SEREC) has thrown its weight behind other stakeholders in rejecting a proposed astronomical hike in maritime agent licence fees by the Nigeria Customs Service (NCS). The group, in a […]

Business News

Zero Tolerance: Lagos Businessman Sentenced to Jail for Attempted Drug Export

Zero Tolerance: Lagos Businessman Sentenced to Jail for Attempted Drug Export In a stern verdict against drug trafficking, a Federal High Court in Lagos has convicted and sentenced a businessman, Uyiosa Omoregie, to one year of imprisonment for his attempt to unlawfully export a large quantity of illicit drugs. The judgment, delivered on Thursday by […]

Business Health

A Bold New Weapon: Scientists Propose Gene Drive to End Malaria Scourge, Sparking Debate

A Bold New Weapon: Scientists Propose Gene Drive to End Malaria Scourge, Sparking Debate In a radical and controversial move to combat one of Africa’s deadliest diseases, a non-profit research consortium, Target Malaria, is intensifying its efforts to deploy a bold new weapon: gene drive technology. The group, which is actively working in Burkina Faso […]

Business News

A N341 Trillion Treasure: Report Reveals Nigeria’s Massive Oil Reserves Left Untapped

A N341 Trillion Treasure: Report Reveals Nigeria’s Massive Oil Reserves Left Untapped A new report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has sent shockwaves through the country’s economic and political circles, revealing that a staggering N341 trillion worth of oil and gas reserves remain locked in undeveloped fields across the country. The report […]

Business

Big Bet on Agriculture: Ellah Lakes to Plant 1,500 Hectares of Oil Palm in Major Expansion

Big Bet on Agriculture: Ellah Lakes to Plant 1,500 Hectares of Oil Palm in Major Expansion In a bold move that signals a major bet on Nigeria’s agricultural future, Ellah Lakes Plc has announced a massive expansion plan to plant an additional 1,500 hectares of oil palm in 2026. This ambitious project, which is part […]

Business

Tapping into Gas Riches: Nigeria Prepares to Host Major Global Investors’ Forum

Tapping into Gas Riches: Nigeria Prepares to Host Major Global Investors’ Forum In a major move to attract global attention and capital, Nigeria is set to host a high-profile international summit designed to draw major investors into its vast, untapped natural gas sector. The event, which is part of the annual Nigeria International Energy Summit […]

Business News

Afrinvest Sounds Alarm: Nigeria’s Ambitious $1 Trillion GDP Target at Risk

Afrinvest Sounds Alarm: Nigeria’s Ambitious $1 Trillion GDP Target at Risk An ambitious goal to transform Nigeria’s economy into a $1 trillion powerhouse by 2030 is under threat from significant economic headwinds, according to a new report from leading financial advisory firm, Afrinvest. The report, titled “Beyond Silver Linings: Statistical Gains, Social Strains,” cautions that […]

Business News

A Ray of Hope: FG Announces Cash Transfers for 2.2 Million Households

A Ray of Hope: FG Announces Cash Transfers for 2.2 Million Households The Federal Government is set to disburse cash to 2.2 million vulnerable households, a move the Minister of State for Humanitarian Affairs and Poverty Reduction, Dr. Tanko Sununu, says is part of the administration’s renewed commitment to poverty alleviation. The announcement, made during […]

Business News

PenCom Urges FG to Raise Police Pension Contribution to 20% Amidst Welfare Concerns

PenCom Urges FG to Raise Police Pension Contribution to 20% Amidst Welfare Concerns The National Pension Commission (PenCom) has formally urged the Federal Government to increase its pension contribution for police officers from the current 10% to 20%, as part of a comprehensive plan to address the welfare concerns of retired officers. The recommendation was […]

Business Issues News

Livestock Supply at Risk in Oyo as Cattle Breeders Take Stand Against Anti-Grazing Legislation

Livestock Supply at Risk in Oyo as Cattle Breeders Take Stand Against Anti-Grazing Legislation In a move that could disrupt the state’s food supply chain, a coalition of cattle breeders and dealers has issued a two-week ultimatum to the Oyo State government, threatening to halt all livestock sales and shut down cattle markets if their […]

Business Issues News

Fuel Consumption Plunges by 16% in June, NMDPRA Reports

Fuel Consumption Plunges by 16% in June, NMDPRA Reports Nigeria’s total fuel consumption has fallen to 1.44 billion litres in June 2025, marking a significant 16.42% decline from the previous month. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the figure, which represents a daily average of 48.03 million litres, highlighting the continued […]

Business Issues News

NAFDAC Seizes 10,000 Cartons of Fake Products in Lagos Market Raid

NAFDAC Seizes 10,000 Cartons of Fake Products in Lagos Market Raid The National Agency for Food and Drug Administration and Control (NAFDAC) has seized over 10,000 cartons of unregistered tomato paste and various cosmetic products during a five-day enforcement operation at the Lagos Trade Fair Market. The raid, conducted by the agency’s Investigation and Enforcement […]