Business

Enugu DisCo Begins Second Phase of Free Prepaid Meter Rollout, Targets 13,335 Band A Customers The Enugu Electricity Distribution Company PLC (EEDC) today, Tuesday, November 11, 2025, announced the official commencement of the second phase of its free prepaid meter distribution across the South-East region. This phase, known as Tranche B of the Meter Acquisition […]

Nine Nigerian Banks Rake in ₦14.7 Trillion Interest Income in Nine Months, Driven by High Interest Rates The Nigerian banking sector has demonstrated remarkable resilience and profitability, with nine major financial institutions collectively raking in over ₦14.72 trillion in interest income for the first nine months of the year, ended September 30, 2025. An analysis […]

Edo Commences Disbursement of ₦1 Billion Interest-Free Soft Loans, Targets 5,000 Market Women and Traders The Edo State Government today, Monday, November 10, 2025, confirmed that it has fully commenced the disbursement of its ₦1 Billion soft loan scheme, originally approved to empower women and strengthen businesses at the grassroots level across the state. The […]

INDUSTRIAL GROWTH HINGES ON ENERGY: President Tinubu Tells Siemens Power Sector Is Key to Jobs, Education, and Economic Recovery President Bola Ahmed Tinubu today, Monday, November 10, 2025, reiterated his administration’s unwavering commitment to transforming Nigeria’s electricity supply, asserting that the power sector is the most crucial engine for national economic recovery, job creation, and […]

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 […]

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 […]