Business

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

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Cashew industry generates over $400m from export – FACAN

Business

CBN refund billions as 2025 customer complaints hit record

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Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west

Business

FG disburses N152bn to contractors amid ongoing payment protests

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Dangote fuel will be sold in naira not dollars - IPMAN
featured Oil and Gas

Dangote refineries to supply 150,000 IPMAN fuel stations

The Dangote Petroleum Refinery will deliver fuel to around 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria, following a meeting between refinery management and IPMAN executives. The PUNCH reported that last week Monday, IPMAN booked a meeting with Dangote refinery management to discuss the supply of products to independent marketers. The IPMAN President, Abubakar […]

SolarEdge technologies lays off 16% of workforce
Tech

SolarEdge technologies lays off 16% of workforce

In an effort to lower operational expenses, SolarEdge Technologies said on Sunday that it will be laying off around 16% of its global personnel. This cut, which would impact about 900 workers, comes after the company terminated its light commercial vehicle e-mobility business, stopped manufacturing in Mexico, and reduced its manufacturing capacity in China. “We […]

Rotary donates $14m grant to end polio in Nigeria
Business

Rotary donates $14m grant to end polio in Nigeria

The World Health Organization on Thursday, applauded the Rotary International’s new financing pledge to support Nigeria’s efforts to eradicate all kinds of polioviruses, particularly Circulating Variant Poliovirus (cVPV2). Vanguard reported that the new award, totaling $14, 037, 787, would allow WHO to give technical assistance to the Nigerian government on polio surveillance in order to prevent the […]

Top ten best passports in Africa
Business

Top ten best passports in Africa

Alex Omenye Nigerian passport has emerged the 50th strongest passport in world with regard to its relevance, access to countries and strength globally. The Nigerian passport was placed 95th in the world in the most recent Henley Passport Index report of 2024, in addition to being “the 50th strongest passport in Africa.” As stated in […]

British Council raises IELTS fee in Nigeria by almost 30%
News

British Council raises IELTS fee in Nigeria by almost 30%

The British Council of Nigeria has increased the fee for the English Language Testing System assessments by 29%. The Times reported that according to the Council, Nigerians would now pay N139,000 for the Computer Academic and General Training Modules from February 1, 2024. The price was raised from the N107,500 currently being paid for the exam, which […]

Nigeria, Germany partner on SME growth
Business

SMEDAN to acquire N6bn motorcycles, tricycles

The Small and Medium Enterprises Development Agency of Nigeria would spend N6.2 billion on motorbikes and tricycles as part of empowerment projects for Nigerian youths and women in 2024. The PUNCH reported that this is despite the fact that 12 state governments and the Federal Capital Territory have completely or partially prohibited motorcycle activities. According […]

'A Tribe Called Judah' ticket sales drop by over 50% 
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‘A Tribe Called Judah’ ticket sales drop by over 50% 

Funke Akindele’s latest Nollywood film, A Tribe Called Judah, has seen more than a 50% reduction in ticket sales at local cinemas. Nairametrics reported that according to data released by the Cinemas Exhibitors Association of Nigeria, the comedy-drama, which starred some of Nigeria’s best actors, saw a 55% drop in performance between January 12, 2024 […]

FG's 10-man panel to investigate airlines over fare hike
Aviation

NCAA estimates N8bn for local, foreign trips

The Nigeria Civil Aviation Authority has said that it will spend N8.3 billion on transportation and travel in 2024. The PUNCH reported that the agency announced this in the recently filed Government-Owned Enterprises budget proposal to President Bola Tinubu. The NCAA regulates aviation in Nigeria and has gained autonomy after the National Assembly passed the Civil […]

Lagos council to launch 200 electric minicabs in March
Business

Lagos council to launch 200 electric minicabs in March

The Chairman of Ikoyi Obalende Local Council Development Area in Lagos State, Fuad Atanda-Lawal, has announced intentions to roll out 200 electric mini-cabs as part of the council’s empowerment program in 2024. The Times reported that this project, announced during a press event at the council secretariat, is expected to be implemented in two phases by the end of […]

Agribusiness shareholders to raise N5bn capital
Business

Agribusiness shareholders to raise N5bn capital

Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at the company’s latest Annual General Meeting. Resolutions from the AGM were submitted to the Nigerian Exchange Limited on Thursday. “That, the Board of Directors be and is hereby authorized to raise up to […]

Ex-finance minister Agunloye freed from prison
News

Ex-finance minister Agunloye freed from prison

By Christian George Former Minister of Power and Steel, Olu Agunloye, has reportedly regained his freedom from Kuje Prisons after fulfilling bail conditions. This was made known by the spokesperson for the Federal Capital Territory Command of the Nigerian Correctional Service, Adamu Duza, in a release. Duza stated that the former minister regained his freedom […]

NGX halts trading of delisted-GSK shares
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GSK gets SEC approval to delist from NGX

GlaxoSmithKline Consumer Nigeria Plc has announced that it has received formal Securities and Exchange Commission approval for its proposed scheme of arrangement. This will lead to minority investors getting a total cash payment of N17.42 per share for each share owned. GlaxoSmithKline UK, a prominent pharmaceutical company, announced its pullout from Nigeria in August after more […]

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