FBRA Recovers 2.2 Tonnes of Recyclables in Ajegunle
The Food and Beverage Recycling Alliance recovered over 2.2 tonnes of recyclable materials in Ajegunle, Lagos, during Global Recycling Day activities, engaging over 500 participants.
Category : Business
FG Inspects Abeokuta Power Substation to Boost Electricity
The Federal Government has inspected the new Abeokuta power substation in Ogun State, a key Presidential Power Initiative project expected to add 480MW capacity and enhance electricity supply nationwide by end of 2026.
Elumelu Promises Outsourced Staff Conversions at UBA Graduation
Tony Elumelu, Chairman of United Bank for Africa, pledges to expand conversion of outsourced staff to full-time roles as UBA graduates 720 trainees from its Graduate Management Accelerated Programme.
COCEFAAA Unveils Plan to Boost Cocoa and Coffee Production
The Cocoa and Coffee Farmers Alliance Association of Africa (COCEFAAA) has introduced a three-year development plan aimed at increasing Africa's share in the global cocoa and coffee markets. The initiative focuses on value addition, sustainable farming, a
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Wema Bank Records N221.8 Billion Profit in 2025
Wema Bank Plc has announced a 116% increase in profit before tax to N221.85 billion for the 2025 financial year, with gross earnings rising to N660.6 billion. The bank attributes this growth to improved interest income and digital banking revenues.
BOI Honors Businesses and BDSPs for Prompt Loan Repayment
The Bank of Industry recognized 10 top-performing Business Development Service Providers and inducted nine SMEs into its Hall of Fame for excellent loan repayment and business practices at a Lagos event.
IITA Launches Africa's First Soybean Speed Breeding in Zambia
The International Institute of Tropical Agriculture has inaugurated Africa's pioneering soybean speed breeding facility in Zambia, aiming to slash crop development time and boost food security across the region.
FG Launches Gas-to-Power Committee to Tackle Electricity Shortages
The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address gas supply issues crippling electricity generation, alongside a committee to review a $200 billion integrated infrastructure project.
South-West Commissioners Push for Coordinated Urban Planning
Commissioners from six South-West states call for a unified approach to tackle urban and infrastructure challenges, aiming to enhance development and resilience for over 52 million residents.
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Insurance Sector Grows as AXA Mansard Revenue Hits N160.6bn
Nigeria's insurance industry shows resilience with AXA Mansard reporting 22% revenue growth to N160.56 billion for 2025, though profits declined due to foreign exchange volatility and regulatory changes.
Transcorp Hilton Denies Cancelling Political Rally Booking
Transcorp Hilton Abuja has refuted social media reports claiming it cancelled a booking for a political rally, stating no such reservation was ever made and urging the public to disregard the false information.
Afreximbank Assets Rise 21% to $48.5 Billion in 2025
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by growth in loans, stable portfolio quality, and robust liquidity, highlighting financial resilience and strategic execution.
Nigerian Lady Quits Job, Starts Business, Video Viral on TikTok
A Nigerian woman has captured online attention after leaving her job to start a business with her savings. Her inspiring journey, shared in a viral TikTok video, highlights entrepreneurship and financial independence among youths.
CBN Denies Fake ₦5000 Note with Tinubu's Image
The Central Bank of Nigeria has dismissed claims of a new ₦5000 banknote with President Bola Tinubu's image as fake news, sparking mixed reactions from Nigerians on social media.
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Nigerian Creator Switches to Solar Due to High Fuel Prices
A Nigerian content creator in Benin City has abandoned her generator for a solar system, citing fuel expenses of N7,000 every two days. She invested under N600,000 in the setup, sparking online discussions about sustainable energy alternatives.
POS Vendor Shares Solar Installation Process in Viral Video
A Nigerian POS business owner has captured widespread attention online by documenting the complete installation process of her new solar power system in a detailed TikTok video, sparking mixed reactions from viewers about the investment.
Does It Snow in Nigeria? The Definitive Answer
Nigeria has never recorded snowfall due to its tropical climate and geographical location. This article explores why snow is impossible, Nigeria's temperature ranges, and climate realities.
West Africa Fuel Prices 2026: Niger and Nigeria Cheapest
A comprehensive analysis of petrol prices across 13 West African nations in April 2026 reveals dramatic disparities, with Sierra Leone recording the highest costs while Niger and Nigeria maintain the lowest rates, significantly impacting regional economie
NOG Energy Week 2026 Unites Global Leaders for Investment
NOG Energy Week 2026 will convene global stakeholders in Abuja to advance energy security, infrastructure development, and technology innovation across Africa, focusing on gas, LNG growth, and strategic partnerships.
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Canal+ CEO Reveals New DStv Pricing Strategy
Canal+ CEO David Mignot announces transparent pricing and restructuring for DStv to combat subscriber losses and streaming competition, including Showmax shutdown.
FG Launches Structured Leasing Deal for Transport Sector
The Federal Government has partnered with CIS and NATOMORAS to introduce a structured leasing framework for motorcycle and tricycle operators, aiming to eliminate exploitative hire purchase arrangements and enhance financial inclusion.
Firm Launches Environmental Charter for Global Cocoa Market
Johnvents Group has launched a comprehensive environmental charter to govern its entire value chain, aiming to meet international ESG standards and strengthen its position in the global cocoa export market.
Nigeria Loses Billions Monthly to Power Transmission Failures
The Nigerian Independent System Operator reveals the country loses N5bn to N8bn monthly due to transmission inefficiencies, with losses now reduced from 10% to 7.05% through targeted interventions.
Lady Buys Solar Generator Over Grid Collapse Fears, Reveals Price
A Nigerian woman has purchased a solar generator due to power outages and concerns about national grid instability. She shared a video unboxing the device and detailed its benefits and cost in response to online inquiries.
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FG Sets Up Committee to Scrutinize $200bn Rail, Power, Gas Plan
The Federal Government has formed an inter-agency technical committee to evaluate a proposed $200 billion integrated gas, power, and high-speed rail project, emphasizing due diligence before approval.
Dangote Sugar Warns Staff Over Chewing Sugar Cane in Adamawa
Dangote Sugar Refinery has issued a strict final warning to employees at its Numan operations in Adamawa State, prohibiting the chewing of company sugar cane on factory premises. The company threatens disciplinary action, including arrest and prosecution,
Billionaire Olakunle Williams Transforms Africa's Energy Sector
Olakunle Williams, founder of Tetracore Energy Group, is revolutionizing Africa's energy landscape with gas infrastructure, power projects, and regional expansion, driving cleaner fuel adoption and industrial growth across West Africa.
Afreximbank Assets Hit $48.5B Despite Geopolitical Disruptions
Afreximbank reports a 21% increase in total assets to $48.5 billion for 2025, driven by strategic lending and strong financial resilience despite geopolitical disruptions.
Lady Swaps Generator for Solar Over High Fuel Costs
A young Nigerian woman has gone viral for abandoning her generator due to rising petrol costs, investing N1.6 million in a solar inverter system. Her TikTok video sparked online reactions and highlights a growing trend toward renewable energy solutions.
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Presidency Explains ₦3.3 Trillion Power Debt Settlement
The Presidency has clarified President Tinubu's ₦3.3 trillion debt settlement plan for power generation companies, stating it's a structured reform effort based on verified claims rather than a reward for unverified obligations.
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