business
IPMAN’s National Body Disowns Western Zone Strike, Throws Support Behind Dangote Refinery A major rift has emerged in Nigeria’s downstream oil sector as the Independent Petroleum Marketers Association of Nigeria (IPMAN) national leadership has openly rejected a strike announced by its Western Zone. The proposed industrial action was a response to the Dangote Refinery’s decision […]
Maiduguri Floods Create Unexpected Livelihood for Canoe Operators Amid Displacement As floodwaters continue to rise across Maiduguri in Borno State, canoe paddlers are finding an unexpected source of income, ferrying stranded residents across submerged roads and divided communities. During a tour of the affected areas on Saturday, our correspondent observed brisk activity along the newly […]
Anti-Corruption: EFCC Arraigns Businessman, Firm Over Alleged $75,000 Fraud The Economic and Financial Crimes Commission (EFCC) has arraigned a businessman, Peter Otomewu, and his company, Pebeto Enerji Limited, at the Ikeja Special Offences Court in Lagos for their alleged involvement in a $75,000 fraud. The arraignment is the latest in a series of anti-graft efforts […]
Agricultural Development: FCT Minister Nyesom Wike Distributes Subsidised Fertilizers to Abuja Farmers The Federal Capital Territory Administration (FCTA), under the leadership of Minister Nyesom Wike, has commenced the distribution of subsidized fertilizers to farmers in a strategic move to boost food production and combat food insecurity in the nation’s capital. The flag-off ceremony, held at […]
President Tinubu Announces Nigeria Has Met 2025 Revenue Target, Halts Further Borrowing President Bola Ahmed Tinubu has made a bold declaration, announcing that Nigeria has already met its 2025 revenue target well ahead of the year-end and will no longer rely on borrowing to fund its budget. The President made the statement during a meeting […]
Economic Crisis: Civil Society Organizations Condemn 44% Surge in Cooking Gas Price Civil society organizations in Nigeria have issued a strong warning to the Federal Government over the alarming increase in the price of cooking gas, which has surged by over 44% in the last year. They cautioned that the continuous hike is a “bad […]
Dangote Group Commiserates with BBNaija Winner Phyna Over Sister’s Death The Dangote Group has officially offered its condolences to the family of Big Brother Naija Season 7 winner, Ijeoma Josephina Otabor, widely known as Phyna, following the death of her sister, Ruth Otabor. In a statement released on Sunday, the company confirmed that Ruth passed […]
Trade Barriers: Nigerian SMEs Decry New $80 Duty on Shipments to United States Nigerian small businesses are raising alarm over a new $80 mandatory prepaid customs duty on all postal shipments to the United States, a charge they say could cripple the country’s small-scale export market. The levy, announced by the Nigerian Postal Service (NIPOST), […]
Oil Production Boost: Heirs Energies Restarts Key Oil Well to Bolster Nigeria’s Output Heirs Energies, a wholly indigenous energy company, has announced a significant breakthrough in its operational strategy, successfully restarting a key oil well in Oil Mining Lease (OML) 17 that had been shut down for an astonishing 37 years. The company’s CEO, Osa […]
Fostering Economic Ties: Nigeria and Japan Collaborate on Mining Investment at TICAD9 Nigeria and Japan are poised to forge a new economic partnership focused on mining, with high-level talks taking place at the 9th Tokyo International Conference on African Development (TICAD9) in Yokohama. The diplomatic engagement saw Nigeria’s Minister of Solid Minerals Development, Dr. Dele […]
Banking for All: UBA Rewards Customers with N150 Million Promo to Drive Financial Inclusion In a major push to deepen the culture of savings and expand financial access, United Bank for Africa (UBA) Plc has announced the launch of the fifth edition of its SuperSavers Promo. The nine-month-long campaign is designed to reward both new […]
Education First: Keystone Bank Renovates Akwa Ibom School, Improves Learning Environment In a major boost to education in Akwa Ibom State, Keystone Bank Limited has officially handed over a fully renovated and equipped block of classrooms to the Community Comprehensive Secondary School, Four Towns, Uyo. The project, which is part of the bank’s Educational Support […]
State Prepares to Host Landmark Tourism Exhibition for Over 15,000 Stakeholders In a bold effort to unlock Nigeria’s vast and largely untapped tourism potential, Lagos is set to host a landmark cultural and tourism exhibition in December 2025, an event designed to bring together over 15,000 stakeholders from across the country and overseas. The exhibition, […]
Supporting the Arts: Ecobank Collaborates with Artists to Host Major Exhibition In a significant move to champion the arts, Ecobank Nigeria is preparing to open a landmark art exhibition that will celebrate the timeless creativity of Nigeria’s most revered visual artists. The exhibition, titled “Enduring Legacies: A Collector’s Tribute to Masters,” is scheduled to run […]
A Stiff Opposition: SEREC Condemns Proposed Increase in Maritime Agent Licence Fees In a major development within Nigeria’s maritime sector, the Sea Empowerment and Research Centre (SEREC) has thrown its weight behind other stakeholders in rejecting a proposed astronomical hike in maritime agent licence fees by the Nigeria Customs Service (NCS). The group, in a […]
Zero Tolerance: Lagos Businessman Sentenced to Jail for Attempted Drug Export In a stern verdict against drug trafficking, a Federal High Court in Lagos has convicted and sentenced a businessman, Uyiosa Omoregie, to one year of imprisonment for his attempt to unlawfully export a large quantity of illicit drugs. The judgment, delivered on Thursday by […]
A Bold New Weapon: Scientists Propose Gene Drive to End Malaria Scourge, Sparking Debate In a radical and controversial move to combat one of Africa’s deadliest diseases, a non-profit research consortium, Target Malaria, is intensifying its efforts to deploy a bold new weapon: gene drive technology. The group, which is actively working in Burkina Faso […]
A N341 Trillion Treasure: Report Reveals Nigeria’s Massive Oil Reserves Left Untapped A new report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has sent shockwaves through the country’s economic and political circles, revealing that a staggering N341 trillion worth of oil and gas reserves remain locked in undeveloped fields across the country. The report […]
Big Bet on Agriculture: Ellah Lakes to Plant 1,500 Hectares of Oil Palm in Major Expansion In a bold move that signals a major bet on Nigeria’s agricultural future, Ellah Lakes Plc has announced a massive expansion plan to plant an additional 1,500 hectares of oil palm in 2026. This ambitious project, which is part […]
Tapping into Gas Riches: Nigeria Prepares to Host Major Global Investors’ Forum In a major move to attract global attention and capital, Nigeria is set to host a high-profile international summit designed to draw major investors into its vast, untapped natural gas sector. The event, which is part of the annual Nigeria International Energy Summit […]