Dangote Refinery Sparks Cooking Gas Crisis in Nigeria
Nigeria faces an impending cooking gas crisis as Dangote Refinery unexpectedly hikes prices by 25%, triggering panic among dealers and consumers across the nation.
Category : Business
US Judge Drops Criminal Charges Against Boeing for 737 Max Crashes
In a shocking legal development, a US federal judge has thrown out criminal charges against Boeing related to the deadly 737 Max 8 crashes that claimed 346 lives. Discover the full story behind this controversial ruling.
IVM Boss: Banking Bottlenecks Hurt Nigerian Manufacturers
IVM's Managing Director Mitchell Elegbe advocates for strengthened local content policy while highlighting banking sector challenges crippling Nigerian manufacturers' competitiveness.
Nigeria Targets Climate Investment at COP30
Nigeria is strategically positioning itself to attract massive climate investments at COP30, showcasing ambitious green initiatives and renewable energy projects to become West Africa's climate frontrunner.
Nigeria's Economic Growth Path Revealed at Investors Forum
Key stakeholders at Impact Investors Foundation conference emphasize strategic partnerships and policy reforms to accelerate Nigeria's economic development and attract sustainable investments.
Presco Launches ₦250B Rights Issue for Expansion
Nigerian agro-industrial giant Presco Plc unveils ambitious ₦250 billion rights issue to finance expansion projects and strengthen market position in the competitive palm oil sector.
Professor Urges Govt Support for Local Fish Production in Nigeria
A leading academic expert calls for urgent government intervention to revolutionize Nigeria's aquaculture sector, reduce massive fish import dependency, and create sustainable livelihoods.
Lagos converts 500kg fruit waste to clean energy daily
Lagos State is set to unveil a groundbreaking biogas facility that will transform 500kg of fruit waste into clean, renewable energy daily, tackling both waste management and power challenges.
Lagos Launches Climate Policy to Drive Green Investment
Governor Babajide Sanwo-Olu unveils Lagos Climate Action Plan, positioning Nigeria's economic hub as prime destination for sustainable investments while tackling climate threats head-on.
Nigerian billionaire Rabiu surges on Bloomberg rich list
BUA Group founder Abdulsamad Rabiu makes stunning leap on Bloomberg Billionaires Index, surpassing prominent global billionaires as his wealth soars to $5.2 billion amid Nigeria's economic transformation.
Presco Plc Launches ₦237B Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Dangote Refinery Withdraws Lawsuit Against NMDPRA
In a dramatic turnaround, Dangote Refinery has withdrawn its lawsuit challenging the NMDPRA's issuance of import licenses to competitors. Discover how this decision could reshape Nigeria's energy landscape and fuel pricing.
Merz Backs EU Plan to Protect Steel from Chinese Imports
German opposition leader Friedrich Merz supports EU emergency measures to protect European steel industry from cheap Chinese imports, signaling major trade policy shift.
Presco Plc Launches ₦250BN Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
Kaduna-China $450M Poultry Project Creates 5000 Jobs
Kaduna State and Chinese investors launch groundbreaking $450 million poultry project, creating 5,000 jobs and revolutionizing Nigeria's agricultural sector with state-of-the-art facilities.
China Deepens Nigeria Ties with CIIE Invitation
Nigeria receives special invitation to China International Import Expo as bilateral trade relations strengthen between Africa's largest economy and Asian giant.
Imo State Revives Aluminium Company with ₦500M
Imo State Government injects ₦500 million to resuscitate the moribund Inyishi Aluminium Company, creating jobs and boosting local manufacturing in Southeast Nigeria.
LG to Install 300 Solar Boreholes in Nigeria
LG Electronics partners with Nigerian government to deploy 300 solar-powered boreholes across rural communities, addressing water scarcity with sustainable technology solutions.
Kaduna's Agricultural Revolution Under Uba Sani
Exclusive insight into Kaduna State's agricultural transformation under Governor Uba Sani, featuring massive fertilizer distribution, innovative farming programs, and unprecedented support for local farmers.
Nigeria's Youth: Key to Food Sovereignty & Agricultural Revolution
IFAD reveals how Nigeria can achieve food sovereignty by empowering its youth population through agriculture. Discover the strategies and opportunities that could transform the nation's food security landscape.
Northern Industrialists Support 15% Electricity Tariff Hike
Major northern industrial groups endorse controversial electricity tariff increase, arguing it will stabilize Nigeria's power sector and attract critical investment despite consumer concerns.
Local Content Key to Africa's Energy Future
Nigerian Content Development and Monitoring Board reveals how prioritizing local content is transforming Africa's energy sector and creating sustainable growth opportunities.
Seven Trapped in South Korea Power Plant Collapse
Breaking news from South Korea where seven construction workers remain trapped after a catastrophic collapse at a power plant site. Emergency crews race against time in dramatic rescue effort.
Bank of England Maintains 5.25% Interest Rate
The Bank of England maintains interest rates at 5.25% amid inflation concerns. Discover how this decision impacts mortgages, savings, and the UK economic outlook.
Nigeria's $2.35B Eurobond Success Amid Naira Challenges
Nigeria's currency faces ongoing challenges while the Federal Government achieves a major financial milestone with overwhelming international investor confidence in its latest Eurobond offering.
Nigeria Businesses Eye China Trade Boost at Shanghai Expo
Nigerian businesses are positioning for significant economic recovery through strengthened trade partnerships with China at the Shanghai Import Expo, signaling new hope for commerce.
Nigeria's Talent Retention Crisis: Solutions That Work
Discover the shocking truth behind Nigeria's talent retention crisis and practical solutions companies can implement immediately to keep their best employees from leaving.
Ondo Refinery Construction Begins - Economic Boom Ahead
Ondo State celebrates as refinery construction begins, promising job creation, economic growth, and energy independence for Nigeria's oil-rich region.
AstraZeneca Profit Soars with 19% Revenue Growth
British-Swedish pharmaceutical giant AstraZeneca reports massive profit jump with 19% revenue growth. Discover how emerging markets and cancer drugs drove this impressive performance.
South-South Crucial to Nigeria's Blue Economy - Oyetola
Nigeria's Maritime Minister Adegboyega Oyetola reveals how the South-South region holds the key to unlocking Nigeria's multi-billion dollar blue economy potential through strategic investment and development.
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