Business

Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

  • 10th August 2026

Nigeria’s monthly data consumption hits record 1.5mTB in

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

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Safeguarding investors’ capital is biggest post-listing challenge — AVA

Investment

Tinubu unveils plan to double Nigeria’s $32bn livestock sector

Agribusiness

Yobe transfers four agro-industrial assets to national food corporation

Agribusiness

Passengers stranded as aviation unions ground Air Peace flights

Aviation featured

Blog

China proposes global AI body to challenge US dominance
News

China proposes global AI body to challenge US dominance

China has proposed the creation of an international organization to coordinate global cooperation and regulation on artificial intelligence, as it seeks to position itself as a counterbalance to the United States in the rapidly evolving tech sector. Speaking at the World Artificial Intelligence Conference in Shanghai on Saturday, Premier Li Qiang said China is ready […]

Electronics brand Admiral launches in Nigeria with energy-efficient appliances
News

Electronics brand Admiral launches in Nigeria with energy-efficient appliances

A renowned American brand in consumer electronics and home appliances, Admiral, has officially entered the Nigerian market, introducing a line of affordable, energy-efficient products designed to meet the needs of today’s Nigerian households. The launch marks Admiral’s latest expansion into Africa and was executed in partnership with Deekay Group, a major Nigerian distributor of fast-moving […]

Champion Breweries shareholders approve N45bn capital raise
News

Champion Breweries shareholders approve N45bn capital raise

Shareholders of Champion Breweries Plc have approved a significant capital restructuring, including an increase in the company’s authorised share capital to 5 billion shares and a fresh capital raise of ₦45 billion through debt instruments and bonds. The approval, secured during an Extraordinary General Meeting held virtually on Thursday, signals strong investor confidence in the […]

Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun
Business

Ogun partners Arise IIP on $2b garment project

Ogun State has unveiled plans to establish a $2 billion garment manufacturing hub in partnership with pan-African industrial developer Arise Integrated Industrial Platform, in a bold move to revive Nigeria’s struggling textile industry and position the country as a regional manufacturing powerhouse. The massive project, announced during a strategic meeting in Abeokuta involving Governor Dapo […]

Transcorp hotels posts 60% revenue rise, declares interim dividend
News

Transcorp hotels posts 60% revenue rise, declares interim dividend

Transcorp Hotels Plc has announced a strong first-half performance for the period ended June 30, 2025, with revenue climbing to ₦47.57 billion, up 60 percent from ₦29.72 billion in H1 2024. The hospitality arm of Transnational Corporation Plc also reported a 71 percent jump in gross profit—rising from ₦21.19 billion to ₦36.21 billion—lifting its gross margin to 76 percent despite persistent inflation and rising […]

Business

Trading halted on MRS Oil stock as delisting process begins

The Nigerian Exchange has suspended trading in the shares of MRS Oil Nigeria Plc effective Friday, July 25, 2025, halting all transactions in the company’s stock. The suspension follows MRS Oil’s decision to voluntarily delist from the Exchange, a move approved by shareholders at an Extraordinary General Meeting held on June 25, 2024. In a […]

FG to track projects of over ₦150m with GPS coordinates
News

FG to track projects of over ₦150m with GPS coordinates

The Federal Government has directed all Ministries, Departments, and Agencies to include Global Positioning System coordinates for all capital projects valued at ₦150 million and above in their 2025 expenditure submissions. The directive, outlined in the official implementation guidelines for the 2025 Appropriation Act, aims to enhance transparency, traceability, and accountability in the execution of […]

Discos to resume meter deployment - IKEDC
Electricity

Ikeja Electric announces 25-days power outage in Lagos

Ikeja Electric has announced a planned 25-day power outage in parts of Lagos State to facilitate essential maintenance work by the Transmission Company of Nigeria. The utility company shared the notice on its official social media platforms on Friday, informing customers of the scheduled disruptions. The outage will occur daily from 8:00 AM to 5:00 […]

News

FG scales up affordable housing plan with new cities

The Federal Government has announced plans to establish Renewed Hope Cities in four additional geopolitical zones and expand its Renewed Hope Estates initiative to 24 more states, as part of ongoing efforts to boost access to affordable housing across Nigeria. Minister of Housing and Urban Development, Ahmed Dangiwa, revealed the expansion during an inspection of […]

Transportation

UK, Germany to launch direct London-Berlin train route

The United Kingdom and Germany have signed a historic bilateral agreement to introduce a direct high-speed rail link between major cities in both countries, in a move set to redefine European cross-border travel by the early 2030s. The deal, known as the Kensington Treaty, was formalized on July 17 during German Chancellor Friedrich Merz’s first […]

featured

Aliko Dangote steps down as chairman of Dangote Cement

Africa’s richest man and founder of Dangote Cement Plc, Aliko Dangote, has stepped down as Chairman and Director of the company’s Board, effective July 25, 2025. The decision marks a major leadership transition for the cement giant. According to a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, […]

Naira closes week stronger at N1,534.72/$ 
News

Naira closes week stronger at N1,534.72/$ 

The naira ended the trading week on a stronger note, appreciating slightly to close at N1,534.72 per U.S. dollar in the official foreign exchange market on Friday, according to figures released by the Central Bank of Nigeria. This marks a marginal gain of 4.52 kobo or 0.05 percent from Thursday’s rate of N1,534.79, capping off […]

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