New Power Minister Vows to Fix National Grid in 3 Months
Joseph Tegbe, Nigeria's new Power Minister, promises to resolve national grid collapses within three months during his Senate confirmation hearing.
Category : Business
Senator Goje: Give China control of power sector for 20 years
Senator Danjuma Goje proposes concessioning Nigeria's power infrastructure to China for 20 years to achieve stable electricity, amid ongoing grid failures and low generation capacity.
Lagos to Introduce Paid Street Parking to Ease Congestion
Lagos State plans to charge motorists for parking on selected streets from 2026, starting with Ikeja. The policy aims to reduce traffic congestion and illegal parking, though residents worry about added financial burden.
UNICEF, US, Oyo Launch Malnutrition Prevention in 20 LGAs
Oyo State, UNICEF, and the US government launch a nutrition programme to prevent malnutrition in pregnant women, nursing mothers, and children across 20 LGAs.
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Rotary Alliance Expands Aid for Underserved Communities
Rotary clubs from Nigeria and South Korea partner to provide clean water and health projects in remote Lagos communities, improving lives.
NAF Partners Agric Ministries for Food Security
The Nigerian Air Force partners with Agriculture and Livestock Ministries to enhance food security through NAF Farms Limited, aligning defence with agricultural transformation.
Nigerian Banks Spend ₦1 Trillion on Salaries in Talent War
Four major Nigerian banks increased salaries by 27.49% to ₦1.05 trillion in 2025, hiring 12.75% more staff as fintechs lure talent with competitive pay.
Nigerians Get Airtime Credits from MTN, Airtel for Poor Service
MTN and Airtel Nigeria have started compensating customers with airtime credits for poor network quality, following an NCC directive. Credits range from N20 to N1,000.
Lagos to Introduce Paid Street Parking by End of 2026
Lagos State announces plans to charge motorists for on-street parking in selected areas before 2026, aiming to ease traffic and create jobs.
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Chelsea face transfer hurdle over El Mala UCL worry
Chelsea may scale back plans to sign Said El Mala if they fail to qualify for the Champions League. The 19-year-old winger has attracted interest from Brighton, Fulham, and Brentford.
Pocket Option Promo Codes 2026: Expert Guide to Bonuses
Expert guide to Pocket Option promo codes. Get verified codes like GETALLBONUS100 for 100% deposit bonus. Learn how to apply, terms, and maximize trading capital.
Dangote Refinery Suspends Petrol Price Hike Amid Falling Oil
Dangote Refinery reverses planned petrol price increase, restoring rate to ₦1,275 per litre as crude oil prices fall sharply, bringing relief to Nigeria's downstream sector.
NPA Charges Hit $111.9m Daily as Shipping Firms Cry Out
Shipping companies decry high NPA berthing charges as 4,477 vessels paid $111.9 million daily on anchorage in 2025, raising costs for importers and consumers.
Nigeria Business Confidence Edges Up in April
Nigeria's business confidence rose marginally in April to 102.1 points, but growth remains weak. Agriculture and non-manufacturing drove expansion, while manufacturing contracted.
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Lagos to Start Paid Street Parking by 2026
Lagos State will charge motorists for on-street parking in designated areas from 2026 to reduce gridlock. The pilot scheme starts in Ikeja and other LGAs.
Four Tier-One Banks Earn N14.9 Trillion in One Year
Four Nigerian tier-one banks achieved combined gross earnings of N14.93 trillion in 2025, a 5.4% rise from 2024, despite experts warning of profit pressures from easing interest rates and FX stability.
Airtel Africa, 46 Stocks Lift NGX Capitalisation by N629bn
The Nigerian Exchange Limited (NGX) rose further, with market capitalisation gaining N629 billion, driven by Airtel Africa and 46 other stocks. The ASI hit 242,729.51 points.
FG and NIPRD Guide Local Pharma Firms to WHO Prequalification
The Federal Government and NIPRD are helping local pharmaceutical firms achieve WHO prequalification to boost global competitiveness and reduce import reliance.
Oando Foundation Green Youth Upskilling Programme Opens
Oando Foundation launches second cohort of Green Youth Upskilling Programme, empowering young Nigerians with skills in renewable energy, waste management, and sustainable mobility.
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Fuel Subsidy Will Not Return, Oyedele Insists
Finance Minister Taiwo Oyedele confirms the Presidency will not reinstate fuel subsidy, citing economic distortions and market self-regulation.
Nigeria Mining Gets $2.6bn FDI in 30 Months
Vice President Kashim Shettima says Nigeria's mining sector attracted over $2.6 billion in FDI in 30 months due to reforms, emphasizing local processing and value addition.
LASG: Waterways Safety a Calling, Not Just Duty
Lagos State Government says passenger safety on waterways is a calling, not just duty. 50 ferry professionals trained under Interferry partnership.
Enugu govt plans 660MW coal-fired power plant
Enugu State Government unveils plan to build a 660MW coal-fired power plant starting July, aiming to grow economy from $4.4bn to $30bn. OPSN endorses Governor Mbah for second term.
MeCure Industries posts N1.92b pre-tax profit in Q1
MeCure Industries PLC reported a 136% rise in pre-tax profit to N1.92 billion in Q1 2026, driven by revenue growth and local manufacturing investments.
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ASSBIFI Flags Unrealistic Targets as Major Burden for Bankers
ASSBIFI highlights unrealistic targets as a key issue for banking workers, causing pressure, affecting performance, and leading to job losses.
FirstBank Named Nigeria’s Strongest Brand in 2026
FirstBank has been named Nigeria’s strongest brand in Brand Finance’s 2026 ranking, achieving an AAA+ rating with a BSI score of 92.2%.
Aina Doubtful for Forest vs Villa Europa League Tie
Super Eagles defender Ola Aina is an injury doubt for Nottingham Forest's Europa League second leg against Aston Villa after missing training.
AVCA Targets Abidjan 2027 as Investors Push for Deeper Markets
AVCA announces Abidjan as host for 2027 conference, highlighting investor confidence in West Africa. Discussions at Nairobi event focused on private capital, market deepening, and liquidity.
African Startup Funding Drops to $110M in April
African startups raised $110M in April 2026, the lowest in over a year, despite a 45% increase in deal volume. Debt financing now rivals equity as startups adapt to a tighter funding environment.
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Nigerite Staff Cooperative Elects New Leaders for Two Years
Nigerite Staff Cooperative appoints new executives for a two-year term. President Adegbite Olusegun pledges transparency, inclusiveness, and innovation.
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