Blog

Dry season farming to create 10m jobs - FG
Foods

Nigeria’s rice production hits 8mt per hectare

Over the past four years, Nigeria has increased its rice yield from 1.5 metric tonnes to roughly 8 tons per hectare. According to Leadership, this was disclosed by the governor of the Central Bank of Nigeria, Godwin Emefiele, while speaking at the Anchor Borrowers Program’s impact on the agricultural sector. Emefiele noted that, with the […]

petrol pump
Business

Petrol price rose 43% in one year – NBS

The price of Premium Motor Spirit popularly known as petrol rose by 42.63 percent from N264.29 in 2022 to N185.30 in 2023. This was disclosed through a report by the Nigerian Bureau of Statistics which also revealed prices across every state in the country. Stating how the data was obtained NBS said more than 700 […]

Volkswagen, Canada to invest $15bn in battery gigafactory
News

Volkswagen, Canada to invest $15bn in battery gigafactory

Volkswagen and the Canadian government are teaming up to invest over C$20 billion ($14.8 billion) in a battery gigafactory located in St. Thomas, Ontario, marking the biggest-ever single investment in Canada’s electric-vehicle supply chain. The German carmaker is committing up to C$7 billion to the project, while Canada’s federal government will provide C$13.2 billion in […]

Poultry farmers seek FG's help over unsold 20m crates of egg
Business

Poultry farmers seek FG’s help over unsold 20m crates of egg

Nigerian poultry farmers have requested the federal government’s intervention in the industry to stop the collapse of the country’s poultry farms. According to the farmers, the Central Bank of Nigeria’s new naira redesign program is to blame for the current state of affairs. They claim that when the naira shortage occurred, they were still attempting […]

Business

Eight leading business personalities in Nigeria 

Nigeria is home to a number of leading businesses in various industries. Some personalities have been the reason behind these blooming businesses. This list mentions top eight leading business owners in Nigeria in no particular order. Aliko Dangote Founder and Chairman of the Dangote Group, a conglomerate with interests in cement, sugar, salt, flour, and […]

Elon Musk's Twitter halts non-subscriber ads
Business

Elon Musk’s Twitter halts non-subscriber ads

Twitter, a microblogging website, has announced that as of Friday, April 21, 2023, users who do not subscribe to Twitter Blue will no longer be able to run advertisements on the platform. This came after millions of accounts on the network had their legal blue checks removed as Elon Musk kept up his aggressive campaign for […]

Yandex buys $702m Uber stake in joint taxi venture
Business

Yandex buys $702m Uber stake in joint taxi venture

Russian technology powerhouse Yandex announced on Friday its purchase of Uber’s stake in their joint taxi venture, marking a significant shift in the industry’s landscape. The deal, valued at $702.5 million, grants Yandex sole ownership of the group, encompassing a range of services such as taxi ordering, carsharing, and scooter rental. Yandex said in a […]

Oil theft: More illegal pipelines uncovered in Delta
Business

Niger Delta NGO knocks oil companies over assets sale

A non-governmental organisation under the We the People’s criticized oil companies for hastily divesting their onshore oil and gas assets and stated that it was an attempt to avoid responsibility for damaging the environment and people’s health over several years. According to The Punch, the group’s executive director, Ken Henshaw, presented a report at a […]

Minister of Youths and Sports, Sunday Dare
Business featured

FG names three young entrepreneurs for Forbes summit

The Ministry of Youths and Sports Development announced on Friday that three young entrepreneurs have been chosen to represent Nigeria at the Forbes Under 30 Africa Summit in 2023. According to The Punch, the summit, which is organized by Forbes, aims to take advantage of the power of entrepreneurial capitalism in a continent that is […]

Workers are participating in industrial action - Strike
Business

Workers’ strike disrupt German railway services

Railway employees in Germany initiated a strike on Friday, resulting in the disruption of the German railway services owing from a series of stoppages over pay. According to Reuters, the walkout was organised by the German transport union, EVG, and intended to continue for eight hours.  It was expected to affect the train network for […]

Amazon deploys AI to enhance product review
Business

Amazon launches anti-counterfeiting programme

Amazon on Thursday announced the launch of its Anti-Counterfeiting Exchange programme, which aims to help retail stores label and monitor counterfeits on its marketplace platform. The programme seeks to tackle organized crime and fake merchandise on the platform by allowing stores and Amazon marketplace sellers to contribute information and records anonymously to a third-party database […]

petrol pump
Business

FG will facilitate seamless subsidy removal process – Official

The Nigerian Federal Government is considering the most appropriate approach to remove fuel subsidy without negatively impacting the welfare of Nigerians. According to The Punch, the statement was made during a press conference at the conclusion of the Nigeria International Energy Summit by the Permanent Secretary of the Ministry of Petroleum Resources, Ambassador Gabriel Aduda. […]