Nigeria’s telecoms FDI drops 58% in Q1
Foreign direct investment into Nigeria’s telecommunications sector fell to $80.78 million in Q1 2025, marking a 58% year-on-year decline. This is according…
Business
UAC confirms full funding for CHI acquisition
UAC of Nigeria Plc has confirmed that its planned acquisition of CHI Limited—producers of Chivita and Hollandia beverages—is fully funded and expected…
Germany partners VFS Global to launch four new visa centres
Germany has expanded its visa processing network across Africa and the Middle East by opening four new Germany Visa Application Centres in…
FG expands housing development in North with over 6,000 units
The Federal Government is constructing 6,112 housing units across Northern Nigeria—including the Federal Capital Territory, Kano, Benue, and several other states—under the…
PalmPay partners FG on digital literacy for youths
PalmPay has partnered with the Federal Ministry of Youth Development to roll out the Youth Data Protection Awareness and Training Programme. This…
Veritas Kapital Assurance appoints Babatunde Irukera as board chairman
Veritas Kapital Assurance Plc has appointed Mr. Babatunde Irukera as Chairman of its Board of Directors, following a unanimous resolution at the…
FG seeks return of foreign contractors to boost oil sector
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has appealed to Equipment, Procurement, and Construction companies that exited Nigeria’s oil and gas…
FG gazettes 21 new regulations to boost oil, gas sector
The Federal Government has officially gazetted 21 new regulations for Nigeria’s upstream oil and gas sector, aiming to boost investment, enhance operational…
Airtel Africa, Xtelify partner to unveil advanced AI platform
Airtel Africa has signed a multi-year, multi-million dollar partnership with Xtelify, a subsidiary of Bharti Airtel, to roll out an advanced AI-driven…
DMO unveils August 2025 bond offer with attractive returns
The Debt Management Office has opened subscription for the August 2025 issuance of the Federal Government of Nigeria Savings Bonds, offering yields…
No contract awarded for Baro Port under Oyetola, ministry clarifies
The Federal Ministry of Marine and Blue Economy has dismissed claims that Minister Adegboyega Oyetola awarded a multibillion-naira contract for the Baro…
OPEC+ to raise oil output by 547,000bpd in September
OPEC+ announced on Sunday that it will increase oil production by 547,000 barrels per day in September, accelerating its efforts to reclaim…