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Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

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Geregu Power confirms payment of N40bn bond coupon, principal

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Femi Otedola’s net worth nears $2bn

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Dangote offers East Africa 30% stake in refinery

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Nile Media Group announces Moses Babatope as CEO  

A well-known figure in the Nigerian film industry, Moses Babatope has been named the CEO of Nile Media Entertainment Group, a company committed to producing top-notch content and sharing African tales with international audiences. Babatope will utilize his twenty years of experience to direct the activities of the Nile Group. Nile Entertainment, Nile Cinemas, Nile […]

News

Increase sweetened beverage tax to reduce sugar consumption, expert tells FG

Public health expert, Dr. Francis Fagbule has urged the Nigerian government to raise the 2021 sugar-sweetened beverages (SSBs) tax considerably in order to reduce habitual use and address growing health problems. This was disclosed Fagbule on Thursday, according to Arise News. He emphasized the urgent necessity for this action due to the serious health risks […]

Eni gets approval to sell Nigerian Agip Oil to Oando
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Eni gets approval to sell Nigerian Agip Oil to Oando

Italian oil major Eni has secured approval from the Nigerian Upstream Petroleum Regulatory Commission to proceed with the sale of its subsidiary, Nigerian Agip Oil Company, to Oando PLC. This confirmation was disclosed in a statement published on Eni’s official website on Wednesday. NAOC, which primarily engages in onshore oil and gas exploration, production, and […]

Abuja DisCo, Transafam Power sign MoU for 50MW power project
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Abuja DisCo, Transafam Power sign MoU for 50MW power project

The Abuja Electricity Distribution Company has entered into a significant agreement with Transafam Power Ltd. to provide 50 megawatts of embedded power to the Idu commercial hub in Abuja. The Memorandum of Understanding was formalized in Abuja on Wednesday, with Mr. Chijioke Okwuokenye, Acting Managing Director of AEDC, and Mr. Vincent Ozoude, Managing Director of […]

"Inside Out 2" breaks animated film records with $1.46bn
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“Inside Out 2” breaks animated film records with $1.46bn

Disney and Pixar’s “Inside Out 2” has shattered records in animated cinema, surpassing $1.46 billion in global box office sales since its release last month, solidifying its status as the highest-grossing animated film to date. Directed by Kelsey Mann, the sequel has outperformed previous benchmarks, notably surpassing Barbie’s $1.44 billion to claim the top spot […]

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Aviation contractors cutting corners to face legal action – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo has issued a warning to contractors working in the aviation industry to avoid providing substandard construction work. He emphasised that any contractor discovered taking short cuts will face legal action. This was disclosed by Keyamo at the groundbreaking ceremony of the permanent site of the African […]

News

Food prices surge by over 200% in June – NBS 

Prices for staple foods like tomatoes, beans, and garri increased dramatically in June 2024 when comparedl  to the same period in 2023. This was disclosed in the National Bureau of Statistics report, showing these increases in its Selected Food Price Watch released on Wednesday. According to the NBS, the price of tomatoes (1kg) surged by […]

CIBN to induct 336 chartered bankers
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Windfall tax harmful to Nigerian banks, say Moody’s, CIBN

International rating company, Moodys and the Chartered Institute of Bankers of Nigeria have drawn attention to the detrimental effects that the recently proposed windfall tax will have on the nation’s banks. In a report titled ‘Nigeria’s proposed windfall tax on foreign-exchange gains is credit negative for banks, Moodys said, “The windfall tax will have a […]

Electricity News

Nigeria’s imports reliance frustrating power sector development – Adelabu

The Minister of Power, Adebayo Adelabu, has stated that the nation’s reliance on imports for the equipment required for the overhaul of the power sector has been a significant setback. This disclosure was made by Adelabu when he recently visited Splendor Electric Nigeria Limited, a company producing electrical porcelain products in the Odogbolu area of […]

News

FG warns IOCs against disregarding gas flare directives

The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to refrain from disregarding directives of various regulatory agencies on gas flaring. It stressed that noncompliance would not be tolerated and indicated that while a small number of IOCs frequently followed these instructions, the majority of oil companies did not. This was disclosed […]

Google introduces updates to play store
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Google introduces updates to play store

Google has unveiled a series of enhancements to its Play Store, aiming to transform the digital marketplace into a more engaging and comprehensive platform beyond mere app distribution. The tech giant’s ambitious goal is to make Google Play a destination where users can spend time and interact, akin to a social experience. Among the updates […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
News

Dangote explores investments in Gabon amid row with Nigerian authorities 

The Chairman of the Dangote group, Aliko Dangote has traveled to Gabon to investigate business potential in the country’s cement and fertilizer production, at the president’s invitation. This follows the recent billionaire’s disagreement with Nigerian oil regulators on the quality of the company’s products and the delivery of crude oil to his 650,000 barrels capacity […]

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