Lekki Port and China Partner for Human Capital Development
Lekki Deep Sea Port collaborates with China's Consulate General to enhance technical capacity through a training program in China, focusing on port management and operational efficiency.
Category : Business
Eniolorunda, ALX Host Masterclass for Female Business Owners
Tosin Eniolorunda, CEO of Moniepoint, partnered with ALX to host a virtual masterclass for 100 female entrepreneurs, focusing on scalable business models, financial literacy, and practical execution plans to elevate their enterprises.
ARDA: Africa's Energy Security Key to Industrialization
The African Refiners & Distributors Association (ARDA) warns that Africa's industrialization ambitions hinge on resilient energy supply chains, calling for urgent investments in refining, storage, and distribution infrastructure to address vulnerabilities
Lagos Waterfront Relocation Plan Sparks Debate on Equity
The Lagos State House of Assembly's proposal to relocate Makoko, Oko-Agbon, and Sogunro residents to Agbowa and Epe raises critical questions about equity, inclusion, and sustainable development. Critics argue it risks deepening poverty and insecurity, ad
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NSC Pegs Tariff Adjustment at 10-20% for Maritime Operators
The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.
Ota-Idiroko Road Project Delays and Quality Concerns
Residents and motorists in Ogun State express frustration over the slow pace and substandard construction of the Ota-Idiroko highway, citing inadequate manpower and poor drainage. Federal officials assure completion by 2028.
Investors Eye FGN Bonds as High Yields Persist
As yields remain elevated in Nigeria's fixed-income market, investors are increasingly turning to Federal Government bonds to lock in attractive returns ahead of potential interest rate shifts, with coupon rates reaching up to 19%.
NAHCO Announces N12.2bn Dividend and Bonus Shares for Shareholders
NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Nigeria's Oil Output Rises to 1.38 Million Barrels Daily in March
Nigeria's crude oil production increased to 1.38 million barrels per day in March 2026, marking a 5.25% rise from February but still below OPEC's quota of 1.5 million bpd.
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LIRS Extends Tax Filing Deadline to April 21 as Platform Traffic Spikes
The Lagos State Internal Revenue Service has extended the tax filing deadline to April 21, 2026, due to high traffic on its eTax platform, urging residents to comply electronically.
Mikano Denies Allegations Against Chairman Karameh
Mikano International Limited has strongly refuted false reports linking its Chairman, Mofid Karameh, to criminal activities, calling them defamatory and baseless.
NERC Unveils Mini-Grid Regulation 2026 for Power Access
The Nigerian Electricity Regulatory Commission has issued the Mini-Grid Regulations 2026 to accelerate electrification in underserved areas, enhance investor confidence, and regulate decentralized power systems up to 10MW.
Nigeria, India Seal $1bn Steel Deal to Boost Local Production
Nigeria has signed a $1 billion MoU with India's Rashmi Metaliks Group to enhance steel production, aiming to reduce imports and create jobs under Tinubu's reforms.
Funke Fadeni Foundation Empowers 4,000 Ondo Women
The Funke Fadeni Foundation has provided rice and financial aid to over 4,000 underprivileged women in Ondo City, marking the 10th anniversary of its founder's mother. The initiative aims to support widows and single mothers.
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Nigeria's Revenue Soars to N3.6 Trillion Monthly with Tinubu's Reforms
Nigeria's monthly revenue has surged from N711 billion to over N3.6 trillion, a 411% growth, due to President Tinubu's economic reforms, according to the NRS chairman. The reforms include subsidy removal and forex unification.
FG: Nigeria's Petrol Price 50% Lower Than Global Average
The Federal Government justifies Nigeria's current petrol price, stating it is approximately 50% lower than the global average due to economic reforms and local refining efforts under President Tinubu's administration.
Petrol Imports Jump 96.7% Despite Dangote Refinery Output
Official data reveals Nigeria's petrol imports skyrocketed by 96.7% from February to March 2026, even as domestic production increased. Stock sufficiency dropped significantly while consumption declined due to rising fuel prices.
Nigeria Among Top 10 African Countries with Lowest Petrol Prices
Nigeria has secured the 8th position among African countries with the lowest petrol prices in April 2026, according to Global Petrol Prices data. Despite this ranking, domestic fuel costs have risen significantly, with prices exceeding N1,200 per litre.
Engineers and Controllers Clash Over Air Safety in Nigeria
A dispute between air traffic controllers and engineers in Nigeria highlights conflicting views on aviation safety, with controllers warning of outdated systems and engineers citing recent upgrades.
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Keke Rider Switches to EV, Shares Profit Increase
A Nigerian tricycle operator reveals how converting to an electric vehicle increased his daily profit, eliminated fuel queues, and helped him support his family amid rising petrol prices.
Dangote Refinery Prepares $5bn IPO, Africa's Largest
Dangote Petroleum Refinery is preparing to launch Africa's largest IPO, potentially raising $5 billion. The offering could reshape investment flows and boost Nigeria's economy significantly.
IMF Projects 4.3% GDP Growth for Nigeria in 2027
The IMF projects Nigeria's GDP growth to reach 4.3% in 2027, up from 4.1% in 2026, despite global risks from Middle East conflict and inflation pressures.
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SAM Pharmaceutical Opens Advanced Manufacturing Plant in Ogun
SAM Pharmaceutical Limited celebrates its 55th anniversary by commissioning a cutting-edge pharmaceutical manufacturing facility in Ota, Ogun State, enhancing production capacity and supporting Nigeria's healthcare sector.
CSCS Raises 2026 Fees Sharply for Nigerian Capital Market
The Central Securities Clearing System has overhauled its fee structure for 2026, with OTC trade fees surging 3,233% and custody charges shifting to asset-based pricing, impacting brokers and investors.
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Carloha Uses Football Tournament for Employee Leadership Development
Carloha Nigeria, the authorized distributor of Chery vehicles, successfully organized the Chery Emerging Leaders Football Tournament in Lagos to enhance teamwork and leadership among employees through sportsmanship.
FBRA Urges NASS to Prioritize Recycling Over Plastic Ban
The Food and Beverage Recycling Alliance warns that a ban on single-use plastics could harm the economy and environment, advocating for investment in recycling infrastructure instead.
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Africa's 2026 Public Sector Boom: Hidden Risks for Investors
While Africa's public sector shows significant growth in 2026 through infrastructure and digital spending, this expansion is heavily debt-funded and faces structural risks including currency vulnerability, institutional weaknesses, and corruption challeng
Marketers Urge FG to Restore Petrol Import Licences
PETROAN supports World Bank call for petrol import licence reinstatement to boost competition and stabilise fuel prices, as Dangote Refinery announces new pricing.
Victor Glover: 5 Facts About NASA's Artemis 2 Astronaut
Discover five essential facts about Victor Glover, the only Black man on NASA's Artemis 2 crew, including his family background, education, and historic space achievements.
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Man Mistakenly Credited N4.8 Million Raises Alarm Over Refund
A Nigerian man received N4.8 million in error via OPay and is hesitant to refund due to suspicious account details from the caller, sparking online debate and safety concerns.
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