TCN Extends OPGW Work, Northeast Power Supply Affected
TCN extends OPGW installation on Jos-Bauchi-Gombe line until June 30, 2026, causing limited power supply to YEDC and JEDC customers in Bauchi, Gombe, Damaturu, and Maiduguri.
Category : Business
2026 World Cup Stadiums to Deploy Life-Saving Drones
2026 FIFA World Cup stadiums in US, Canada, and Mexico will use drones equipped with defibrillators, epipens, and first aid kits to enhance fan safety.
Keji Giwa Backs Tinubu: Business Success Tied to Politics in Nigeria
Nigerian billionaire Keji Giwa sparks debate by defending his support for President Tinubu, arguing politics is key to business success in Nigeria.
Cooking Gas Prices Surge Nationwide, Dealers Announce New Rates
Cooking gas prices have risen sharply across Nigeria, with a 12.5kg cylinder now costing between N22,500 and N25,000. Dealers blame supply shortages and high depot prices, threatening clean energy goals.
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Naira Ends May Stronger as Official, Parallel Markets Converge
The naira strengthened in May, narrowing the gap between official and parallel markets. External reserves rose to $49.26 billion, boosting confidence, though oil price risks remain.
Alpha Morgan Bank Posts N1.9 Billion Profit in 10 Months
Alpha Morgan Bank recorded N1.9 billion profit before tax in its first 10 months, with customer deposits over N103 billion and zero non-performing loans.
Kogi Suspends Echane Festival Over Security Concerns
Kogi State Government suspends Echane Festival in Ebiraland indefinitely due to security concerns, urging residents to maintain peace and comply with the directive.
Nigeria 2026: Highest, Lowest Cooking Gas Prices by State
NBS report shows Lagos, Katsina top cooking gas prices in April 2026, while Anambra, Ogun record lowest. Prices surged 13.73% month-on-month.
Lakowe Lakes: Lagos Luxury Escape Beyond the City
Discover Lakowe Lakes Golf and Country Estate, a luxury escape 35 km from Lagos offering golf, wellness, family activities, and festive experiences.
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15 Chinese Arraigned for Illegal Lithium Mining in Nigeria
Fifteen Chinese and nine Nigerians face court for illegal lithium mining in Nasarawa, the third high-profile case involving Chinese nationals in Nigeria in a month.
Alpha Morgan Bank Posts N1.9bn Profit Before Tax in First Report
Alpha Morgan Bank records N1.9bn profit before tax in its first 10 months, with N160.4bn assets, N103.1bn deposits, and N13.1bn gross earnings.
AfDB: Nigeria Power Crisis Costs Businesses Billions
AfDB report reveals Nigeria's power outages cost firms 3% of sales, with 70.7% relying on generators, urging government to improve electricity and public services.
Ogun State Rises to Second in 2025 pSPI Ranking
Ogun State achieves second place in the 2025 Phillips Consulting State Performance Index, highlighting infrastructure, industrial growth, and governance reforms under Governor Abiodun.
Obi Promises 10,000MW Electricity in Four Years
Peter Obi vows to increase Nigeria's electricity generation and distribution to 10,000MW within four years, highlighting power as crucial for economic growth.
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CBN Extends PoS Geo-Fencing Deadline to August 1, 2026
The Central Bank of Nigeria has extended the compliance deadline for PoS geo-fencing to August 1, 2026, and increased the operational radius from 10 to 70 metres.
TCN Alerts Five Nigerian States of Power Outages, Neighbouring Country Affected
Millions in Northern Nigeria face blackouts as TCN shuts down critical transmission line for emergency maintenance, affecting five states and Niger Republic.
Obi Pledges to Raise Power Generation to 10,000MW
Peter Obi, NDC presidential candidate, vows to increase Nigeria's power generation from 4,000MW to 10,000MW by 2027, while Dele Farotimi defends his integrity against political attacks.
Deepening Digital Sovereignty with In-Country Data Centres
Nigeria strengthens digital sovereignty through local data centres like Kasi, reducing reliance on foreign servers and enabling AI growth.
Nigeria Loses N13 Trillion to Floods, 33 States at Risk in 2026
Nigeria suffers N13 trillion in flood damages from 2024-2025, with 33 states predicted to face severe flooding in 2026, prompting calls for urgent interventions.
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Flutterwave Promotes 100+ Employees, Global Relief Package
Flutterwave promotes over 100 employees globally, launches cost-of-living adjustments and one-time economic relief payments amid rising living costs.
Employers Urge Action on Costs Ahead of Minimum Wage Talks
Employers call on FG to address transport, food, and housing costs before minimum wage negotiations, warning that unresolved issues could derail talks.
Cowry Asset Sees 4.03% GDP Growth in Q2 2026
Cowry Asset Management projects Nigeria's Q2 GDP growth between 3.98% and 4.03%, driven by telecoms, agriculture, and services, despite risks like energy costs and insecurity.
Nigeria Moves from Reforms to Growth, Says Oyedele
Finance Minister Taiwo Oyedele says Nigeria is transitioning from economic stabilisation to growth, citing moderating inflation and FX stability.
FG, NISO Seek Lasting Solution to Grid Failures
The Presidential Adviser on Power met with NISO management to find a permanent solution to frequent grid collapses that have plagued Nigeria's electricity sector.
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OPay Boosts Financial Inclusion and Jobs in Nigeria
OPay serves over 45 million users in Nigeria, expanding digital payments and creating jobs through agency banking and merchant services, supporting financial inclusion.
Investors Gain N60 Trillion in Five Months as Capital Market Booms
Nigerian capital market sees N60 trillion gain in five months, driven by strong earnings and liquidity. Analysts warn of possible correction amid rising political risks.
RCCG's Trinity Towers Gets EDGE Green Certification
Trinity Towers, owned by RCCG, has received EDGE certification from IFC, marking a milestone for green building in Nigeria. The mixed-use development in Lagos includes commercial, leisure, and worship spaces.
Contractors drop fixed contracts amid 20% cost surge
Construction costs have risen nearly 20% since December due to geopolitical tensions. Contractors now adopt phase-by-phase contracts to survive.
Nigeria Housing Financing System Hinders Affordable Homeownership
Experts at a housing summit in Abuja identified Nigeria's flawed housing financing system as a major obstacle to affordable homeownership, urging PPP models and regulatory reforms.
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Oye Slams FG Energy Reforms as NNPCL Debt Hits N30tr
Dele Oye and NECA criticize Nigeria's energy reforms, citing N30.3 trillion NNPCL debt, high fuel costs, and unreliable power despite government claims of progress.
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