Lagos Unveils 19 Winners for N10bn MSME Fund
Lagos State launches 19 accelerators for its N10 billion MSME fund, offering single-digit interest loans without collateral to empower cooperative businesses and drive economic growth.
Category : Business
Delta Police Mediate SEEPCO, Umuseti Peace Talks
Delta State Police intervene in tensions between SEEPCO and Umuseti Ogbe community, convening stakeholders to prevent protest and promote dialogue.
Asa Asika Laments Over Fast Data Consumption in Nigeria
Davido's manager Asa Asika complains about rapid data depletion in Nigeria, sparking reactions from Nigerians who share similar frustrations.
Femi Otedola Buys N98bn London Mansion After Daughter's Wish
Nigerian billionaire Femi Otedola acquires a N98 billion mansion in London's St John's Wood, months after daughter DJ Cuppy requested it as a birthday gift.
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Ram Sellers in Kwara Consider Credit Sales as Prices Hit N800k
As Eid-el-Kabir approaches, ram sellers in Ilorin, Kwara State, are struggling with poor patronage and high costs. Prices have risen to N800,000, forcing traders to consider credit sales to avoid losses.
Air Peace Blames Airspace for Flight Return
Air Peace explains the return of its Lagos-London Gatwick flight was due to airspace constraints, not mechanical failure. Safety protocols followed.
Lagos Expands Water Transport Infrastructure
Lagos State completes over 50km of channelisation on major ferry routes to improve navigation, safety, and multimodality under THEMES+ agenda.
Nigerians Warn World Bank to Stop Lending to Tinubu
Nigerians flood World Bank Instagram, urging halt to loans for Tinubu amid $1.25bn request and rising debt concerns.
Ajadi Congratulates Arowosaye on Pacesetter Minerals Role
Olufemi Ajadi congratulates Arowosaye Saheed Adeyemi on his appointment as Chairman of Pacesetter Minerals Development Company, praising his contributions to Oyo State.
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Tinubu sends 20 rice trucks per state amid hardship
Presidential aide Abdullahi Yakasai says President Tinubu distributed 20 trucks of rice and 20 trucks of fertilizer to each of the 36 states to reduce economic hardship and support farmers.
Femi Otedola Boosts First HoldCo Stake With N43bn Acquisition
Femi Otedola buys 549.5 million First HoldCo shares worth N43.41 billion, strengthening his position as the largest shareholder amid rising investor interest.
Scientists Warn FIFA Over Extreme Heat Risks for 2026 World Cup
Scientists and experts warn FIFA about dangerous heat conditions for players and fans at the 2026 World Cup, urging stronger safety measures.
Dangote Rejects NNPC's Bid for More Refinery Stake
Aliko Dangote reveals NNPC tried to increase its 7.25% stake in his refinery but was rejected as he plans to list on the stock exchange for public ownership.
BOA MD Vows to Resolve 53-Month Pension Arrears
Bank of Agriculture MD Ayo Sotinrin assures retirees of speedy payment of N257.18 million pension arrears covering 53 months, with resolution expected by end of June 2026.
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Ogun Communities Face Six-Hour Power Outage Today
TCN announces a planned six-hour power outage in parts of Ogun State for maintenance at McPherson substation, affecting IBEDC customers.
TCN Announces Six-Hour Power Outage in Ogun Communities
The Transmission Company of Nigeria has announced a planned six-hour power outage in Ogun State on May 14, 2026, affecting McPherson, University, and Ogunmakin communities for maintenance.
FCCPC's DEON Rules Could Disrupt Nigeria's $500M VAS Sector
The FCCPC's DEON regulations, which halted airtime credit for 40 million Nigerians, now threaten Nigeria's $500 million value-added services industry due to overlapping jurisdiction with the NCC.
CAC Registration Fees in Nigeria 2026: Complete Breakdown
Learn about CAC registration fees in Nigeria for 2026, including costs for business name reservation, incorporation, and SMEDAN free registration.
Lagos Hikes Land Fees by Up to 300% in 2026
Lagos State increases Governor's Consent, stamp duties, and other land fees by up to 300%. New valuations affect Lekki, Ikoyi, and Banana Island. Effective May 1, 2026.
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Cooking Gas Price Set to Hit N1,500/kg as LPG Shortage Worsens
LPG shortages in Nigeria may push cooking gas prices from N1,300/kg to N1,500/kg due to rising demand and shrinking depot stocks, industry operators warn.
Nigeria's N144.7 Trillion Debt: Tinubu's Borrowing Explained
President Tinubu seeks a fresh $1.25 billion World Bank loan amid rising debt. Nigeria's total public debt could exceed N160 trillion. Full breakdown of creditors.
Nigeria Launches Digital TV with 100 Free Channels June 17
Nigeria's digital switchover platform launches June 17, 2026, offering over 100 free-to-air channels. Minister Idris says the system improves broadcasting quality and audience measurement.
NEM Insurance Assets Surge to ₦186bn in 2025
NEM Insurance Plc's total assets rose to ₦186 billion in 2025, driven by higher premium generation, improved investment income, and operational efficiency, reflecting sector growth.
Cargo Traffic Rises as Nigeria’s Port Reforms Gain Momentum
Cargo throughput at Nigerian ports rises as reforms boost efficiency, reduce delays, and improve investor confidence in the maritime sector.
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IMF Warns Nigeria's Budget Credibility Crisis Deepens
IMF report warns Nigeria's weak budget credibility undermines macroeconomic stability, citing revenue shortfalls, multiple budget execution, and fiscal deficit overruns.
LASG Awards N900m Grants to 155 Researchers, Startups
Lagos State Government provides N900m grants to 80 researchers and 75 startups. Also, 6.46 million residents registered for Lagos Identity Card.
Experts Urge Coordinated Action on Nigeria's Digital Economy
BPP boss calls for five strategic priorities to boost digital resilience and inclusion at CPN assembly in Abuja.
TotalEnergies Reaffirms Inclusive Workplace Commitment
TotalEnergies EP Nigeria restates dedication to safety, competency development, and inclusive workplace, aiming to achieve business objectives and national goals in the oil and gas sector.
Emirates Group Posts Record $6.6 Billion Profit
Emirates Group announced a record profit before tax of $6.6 billion for 2025-26, up 7% year-over-year, with revenue of $41 billion and cash assets of $16.2 billion.
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FirstHoldco’s Capital Rebound: Cleaning the Books
FirstHoldco addresses bad loans with transparency, boosting capital and investor confidence. Q1 2026 shows improved performance and reduced impairments.
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