Lagos Faces Prolonged Blackout After Egbin Power Failure
Lagos residents may experience extended blackouts after Egbin Power Station suffered a major shutdown and transmission line failure, reducing power supply to zero.
Category : Business
Ethnocentrique FFP Pilot Creates 10,000 Jobs
Ethnocentrique concludes Fashion Future Programme pilot, creating over 10,000 jobs and empowering women, youth, and persons with disabilities in Nigeria's fashion sector.
FG Approves N548.98bn for Carter Bridge Demolition, Reconstruction
Nigeria's Federal Government approves N548.98 billion for full demolition and reconstruction of Lagos' Carter Bridge, deemed structurally unsalvageable by experts.
Namibia Targets Stronger Trade Ties with Nigeria
Namibia's High Commissioner calls for deeper economic collaboration with Nigeria, urging businesses to leverage AfCFTA opportunities as a trade mission to Namibia is planned for July.
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Eterna Q1 2026: Revenue N70.45bn, Profit N1.38bn
Eterna Plc reports N70.45bn revenue and N1.38bn profit after tax for Q1 2026, driven by operational efficiency and growth in core segments.
Bichi Hails Tinubu's ₦1.5tn Kano Rail Project
Rep. Abubakar Kabir Bichi commends President Tinubu's ₦1.5 trillion Kano railway project, citing economic boost, improved connectivity, and urban mobility.
5 Essential Checks Before Choosing a Financial Platform
Discover five crucial checks to avoid financial pitfalls when selecting an online platform. Learn how to verify regulation, reviews, and security.
Youth Empowerment Event Targets Skills and Innovation
A youth empowerment initiative in Lagos aims to inspire skill development, innovation, and job opportunities for young people on April 19, 2026.
Africa Will Split Apart, New Ocean to Form, Scientists
Scientists confirm Africa is slowly breaking apart. The Turkana Rift in Kenya and Ethiopia shows advanced rifting, signaling a new ocean will form in millions of years.
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Zakat Foundation Disburses ₦205 Million to Vulnerable Nigerians
Zakat and Sadaqat Foundation distributes over ₦205 million for healthcare, education, and welfare to indigent Nigerians in Lagos.
Priest Applauds Jerry Eze Grant, Urges Faith and Planning
A Catholic priest in Haiti praises Pastor Jerry Eze's $720,000 business grant, highlighting the lesson of combining faith with strategic planning.
Nigeria, South Africa Seek Stronger Trade and Infrastructure Ties
Stakeholders from Nigeria and South Africa met in Lagos to deepen trade, infrastructure, and economic cooperation, emphasizing actionable outcomes to boost intra-African trade under AfCFTA.
Naira Holds Steady at N1,374/$ as May Begins
The Nigerian naira opened May 2026 at N1,374/$ in official and parallel markets, supported by Central Bank interventions amid steady demand and inflation concerns.
NNPCL Hikes May Crude Oil Prices by $7, Petrol Up in Lagos Abuja
NNPCL increases crude oil prices by up to $7 per barrel for May 2026, raising petrol costs to ₦1,320 in Lagos and ₦1,364 in Abuja amid global tensions.
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COWA Starts Tree Planting in Imo Against Global Warming
The Customs Officers Wives Association begins a tree planting campaign in Imo State, aiming to educate students on global warming and environmental sustainability.
Nigeria’s Cheap Electricity: A Hidden Cost Crisis
Nigeria’s low grid tariff hides a costly reality: self-generation via diesel or petrol is far more expensive, trapping citizens in a broken system.
Rethinking Nigeria’s Investment Strategy Over the Next Decade
Nigeria’s investment landscape is evolving, requiring a shift from traditional assets to intelligent, tech-driven strategies. The upcoming FSDH conference explores this new paradigm.
Muslim Man Shares Screenshot of Jerry Eze Foundation Grant
A Muslim cybersecurity expert, Yunus Oyetunde, praised Pastor Jerry Eze after receiving N4.2 million from the Jerry Eze Foundation grant, highlighting unity beyond religious boundaries.
MTN Nigeria Shareholders Approve N152b Fintech Stake Sale
MTN Nigeria shareholders approved the sale of a majority stake in its fintech arms to MTN Group for N152 billion, shifting capital burden and regulatory oversight.
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ATCON Rallies Indigenous ISPs for $900m Fibre Revolution
ATCON urges indigenous ISPs to lead Nigeria's $900m broadband expansion, emphasizing last-mile connectivity and local innovation.
NIWA Targets West Africa Trade Boost with Cargo Jetty
NIWA unveils plans for a West Coast cargo jetty to enhance seamless movement of goods across West Africa, leveraging its waterways and experience from the Calabar-Cameroon route.
OPay Signs MoUs with 4 Schools, Expands ₦1.2bn Scholarship
OPay expands ₦1.2 billion scholarship programme to 24 institutions, signing MoUs with four more tertiary schools to support 20 students each annually.
Cooking Gas Prices Rise to N7,655 for 5kg Cylinder
Cooking gas prices in Nigeria jumped to N7,655.73 for a 5kg cylinder in March 2026, a 12.6% monthly increase. Kaduna recorded the highest price, while Bauchi had the lowest. Experts blame forex volatility and global tensions.
FG Unveils N150bn Smart Highway Plan with CCTV, Solar Lights
The Federal Government announces a N150 billion smart highway project with CCTV, solar lights, and concrete technology for 50-100 year durability.
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Abaribe: Tax Without Impact is Extortion at CITN Event
Senator Abaribe and stakeholders warn that tax collection without visible public impact is extortion, as 1,400 new professionals join CITN amid Nigeria's tax reforms.
FG resolves MM2 dispute, approves aircraft leasing firm
The Federal Executive Council approved resolution of the MM2 concession dispute with Bi-Courtney and established a Nigerian aircraft leasing company to support local airlines.
Lagos Rolls Out Industrial Policy to Support MSMEs
Lagos State launches Industrial Policy 2025-2030 targeting reforms to support MSMEs, with N124 million invested in education by COWLSO.
Cost-of-Living Crisis Overshadows May Day in Nigeria
Nigerian workers mark May Day under severe cost-of-living pressures as N70,000 minimum wage loses value amid inflation, fuel price surge, and food price hikes.
Kwara Bridge Collapse Disrupts Travel, Food Supply
Mooro bridge collapse in Kwara halts vehicular movement, threatens food supply to Ilorin and neighbouring states. Govt begins palliative work.
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Katsina seals deal for 50,000 solar AI streetlights
Katsina State partners with Conflow Power Group and Mora Energy to deploy 50,000 solar-powered iLamp units with AI compute, becoming Africa's first AI-powered smart state.
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