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.
Category : Business
FEC Approves $2.9B Rail Projects for Lagos, Kano, Kaduna
The Federal Executive Council has approved $2.99 billion for rail projects in Lagos, Kano, and Kaduna to boost infrastructure and economic growth.
Nigeria's $1 Trillion Economy Threatened by Skills Gap
Stakeholders at a NACCIMA TVET summit in Lagos call for urgent reforms to tackle Nigeria's skills gap, warning it threatens the $1 trillion economy target.
Seplat Energy Posts $840.7M Revenue, Declares 9 Cents Dividend
Seplat Energy reported $840.7 million Q1 revenue and $37.9 million profit, declaring a 9 cents per share dividend, a 96% year-on-year increase.
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UBA Pushes Bank-Fintech Collaboration at African Conference
UBA hosted its inaugural Fintech Conference, urging deeper collaboration between banks and fintechs to drive financial inclusion and innovation across Africa.
Dangote Refinery Recalls Redeployed Engineers
Dangote Refinery recalls engineers redeployed after disciplinary actions, offering a second chance following appeals and internal review.
Nigeria Business Activity Contracts in April 2026
Nigeria's PMI fell to 49.4 in April 2026, first contraction in 16 months, driven by rising costs and weakening demand across industry and services.
Data-Driven Trust Key to Unlocking $32.3bn SME Gap
CRC Credit Bureau calls for data-driven trust infrastructure to unlock Nigeria's $32.3 billion SME financing gap, as MD Dr Popoola delivers lecture at KWASU.
Ethiopian Airlines to Acquire Six B787 Dreamliners
Ethiopian Airlines and Boeing announce the purchase of six B787-9 Dreamliners, expanding intercontinental routes and cargo capacity from Addis Ababa.
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Toyota, Daimler, Volvo Join for Hydrogen Fuel Cells
Toyota joins Daimler Truck and Volvo's Cellcentric fuel-cell joint venture to develop hydrogen-powered transport solutions for heavy-duty vehicles.
NRC Rolls Out New Train Cleaning Standard, Empowers Providers
The Nigerian Railway Corporation has unveiled a new cleaning SOP to enhance passenger safety and hygiene, empowering service providers through training and quality control.
Nord Automobiles unveils 9% vehicle financing scheme
Nord Automobiles launches a single-digit interest vehicle financing scheme in Nigeria, offering loans at 9% with up to 48-month repayment to boost new car ownership.
SMEDAN DG Commends Falcon Chemicals for Innovation
SMEDAN's Director-General Charles Odii praised Falcon Chemicals Limited for its innovation during a facility tour, noting the firm qualifies for export funding.
Hajj 2026 Airlift Begins May 3 from Ogun Airport
The National Hajj Commission of Nigeria schedules inaugural flight for May 3, 2026, from Gateway International Airport, Ogun State, marking a new era for pilgrim departures.
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Experts Defend FG's Intervention in Aviation Fuel Crisis
Aviation stakeholders back the Federal Government's intervention in the aviation fuel crisis, warning that unchecked market forces could cripple the sector.
Nigerian households at risk from firewood cooking
NASENI and partners launch initiatives to distribute clean cookstoves to millions of Nigerian households, addressing health and environmental hazards from firewood.
Middle East Crisis Drives 12.6% Surge in Cooking Gas Prices
Cooking gas price in Nigeria rose 12.6% month-on-month in March 2026 due to Middle East crisis. Kaduna recorded highest price at N9,212.21.
Tinubu Hails CBN Reforms and Bank Recapitalisation Efforts
President Tinubu commended CBN Governor Cardoso for foreign exchange reforms and bank recapitalisation, boosting investor confidence during Ogun airport inauguration.
Champion Breweries Transitions to Group, Posts N14.4B Revenue
Champion Breweries Plc reports N14.36 billion revenue, a 69% increase, after transitioning to a group reporting structure following its acquisition of enJOYbev B.V.
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NADDC, Pi-CNG/EV Deepen Partnership for Clean Mobility
NADDC and Pi-CNG/EV meet to accelerate Nigeria's transition to CNG and electric vehicles, focusing on policy alignment and nationwide rollout.
Vitel Wireless Partners Opay, Moniepoint for Airtime Access
Vitel Wireless partners Opay and Moniepoint to enable seamless airtime and data purchases, expanding mobile connectivity across Nigeria, especially in rural areas.
First Direct US Flight in Seven Years Lands in Venezuela
The first direct US-Venezuela flight in seven years landed in Caracas, marking a diplomatic thaw. American Airlines resumed the route after Maduro's removal and easing of sanctions.
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Dangote Refinery Sets Aviation Fuel at ₦1,820/Litre
Dangote Refinery fixes Jet A1 price at ₦1,820 per litre to boost transparency, but airlines still pay ₦2,230 amid rising operational costs in Nigeria.
SGN Empowers 1,000 Farmers in Ondo State
Sunshine Grassroots Network distributes agricultural inputs to 1,000 farmers in Ondo, boosting food security and supporting Tinubu's re-election bid.
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Nigerdock Begins Snake Island Port Operations
Nigerdock has commenced operations at Snake Island Port in partnership with the Federal Government, marking 40 years in Nigeria's maritime sector and enhancing cargo handling and trade efficiency.
FEC Approves $2.99B Rail Projects for 3 Cities
The Federal Executive Council approved $2.99 billion rail contracts for Lagos, Kano, and Kaduna to boost infrastructure and economic growth, Finance Minister Taiwo Oyedele announced.
Cybervergent v3.0 Launch and Expansion into Kenya, Ghana, SA
Cybervergent launches AI-powered v3.0 platform for continuous risk and compliance management, expanding into Kenya, Ghana, and South Africa with local partnerships.
VFD Group Posts N5.19 Billion PBT in Q1 2026
VFD Group Plc reports N5.19 billion PBT in Q1 2026, a 26% increase year-on-year, driven by disciplined capital deployment and strong investment income growth.
Airport Car Park Not a Garage: Bi-Courtney Explains Tariffs
Bi-Courtney Aviation clarifies that MMA2 car park is for short stays, not long-term parking, after tariff review to discourage misuse.
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Meta Shares Plunge 10% as Google Surges on AI Earnings Divergence
Meta shares fell nearly 10% after earnings, while Google soared over 6%. Investors distinguish between Big Tech AI spending strategies.
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