Blog

Sugar price hits N835,400 per tonne
Business featured

Sugar industry can create one million jobs, curb insecurity — NSDC

The Executive Secretary/CEO of the National Sugar Development Council, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service at the […]

Business featured

West, Central Africa commit $27bn to port projects for trade growth

Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Vanguard reported that the Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, disclosed this on Monday during the […]

Pension funds climb by 22% to N18tn - NAICOM
Business

NAICOM tasks insurers on shift to customer-centric insurance model

The National Insurance Commission has called on insurers to transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, made this call at the opening ceremony of the Insurance Week 2026, according to Vanguard. He explained that the customer-centric model entails actively involving clients in the product development process, […]

Helth

FG commissions new veterinary centres in Lagos, Ogun

The Federal Government has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states as part of efforts to improve livestock healthcare delivery. The centres are located in the Epe area of Lagos State and Ijebu Igbo in Ogun State. These centres form part of the Federal Ministry of Livestock Development’s […]

Electricity

Lagos may scrap electricity band classification – Energy commissioner

The Lagos State Commissioner for Energy and Mineral Resources, Biodun Ogunleye, says the state government is considering scrapping the current classification of electricity consumers into bands. Ogunleye made this disclosure on Monday at an inter-ministerial briefing showcasing the achievements ofb Governor Babajide Sanwo-Olu’s administration in the energy sector over the past year. During the briefing, […]

Business

Swatch Royal Pop launch sparks chaos, store closures amid massive crowds

Swiss watchmaker Swatch UHR.S was forced to close some stores and limit queues after the launch of its Royal Pop pocket watch, created in collaboration with Audemars Piguet, attracted huge crowds and even led to scuffles among shoppers. The timepieces, which blend Swatch’s 1980s pop-art aesthetic with Audemars Piguet’s signature octagonal bezel design, retail for […]

Conferences

UBA CEO, Niger gov, others honoured at ICAN annual dinner 2026

The Group Managing Director/Chief Executive Officer of United Bank for Africa, Oliver Alawuba, has been honoured by the Institute of Chartered Accountants of Nigeria at its 2026 Annual Dinner and Awards Night, alongside the Governor of Niger State, Umar Mohammed Bago; the Accountant-General of the Federation, Shamseldeen Babatunde Ogunjimi, Ph.D., FCA; and other eminent Nigerians. […]

Tony Elumelu
Business

Tony Elumelu set for Seplat Energy board seat

Multi-billionaire founder and chairman of United Bank for Africa Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026. Shareholders will gather virtually for the company’s 13th Annual General Meeting on that date. This development is according to the energy company’s Notice of […]

Business

Oyedele unveils digital platforms to boost taxpayer complaint resolution

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday officially launched the Office of the Tax Ombud’s digital case management portal, website, and call centre to strengthen taxpayer protection. The unveiling ceremony, held in Abuja. Also present were the Minister of Information and National Orientation, Mohammed Idris; the Head of […]

OpenAI board rejects Elon Musk-led buyout offer
Business

Elon Musk loses mega lawsuit against OpenAI

Elon Musk’s claim that he was mistreated by his OpenAI co-founders was dismissed after nine California jurors unanimously ruled that his lawsuit had been filed too late. Musk had accused Sam Altman, Greg Brockman, OpenAI, and Microsoft of “stealing a charity” by turning the AI research lab into a for-profit affiliate. However, the jury found […]