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FG, World Bank Trains 496 Youth in Web, App Development
In collaboration with Information Technology (IT) firms, the World Bank and the federal government have trained…
Nigeria’s trade with UK crashes by 25% in Q1 2024 on lower exports
Nigeria's total trade with the United Kingdom declined by 25% in the first quarter of 2024, despite higher values…
Lagos State to Establish Aviation Unit, Develop Lekki Airport
The Lagos State Government will create an Aviation Unit within the Ministry of Transportation to enhance oversight…
Lagos State aims for 52% clean energy BRT buses by 2050
The Lagos State Government has set an ambitious target to significantly reduce carbon emissions in public…
WFP partners Nigeria, others to kickstart food assistance program, targets 7.5…
The United Nations World Food Program (WFP) has partnered with Nigeria and other West and Central African…
EnjoyCorp Acquires 86.5% Stake in Champion Breweries Plc
The Board of Champion Breweries Plc has announced the completion of an 86.5% stake acquisition by EnjoyCorp…
Dangote refinery enters Asian market, ships first low-sulfur oil to Singapore
Nigeria’s Dangote Refinery is set to dispatch its first shipment of low-sulfur straight-run fuel oil (LSSR) to…
Asian, local companies take over as western multinationals exit Nigeria
As major multinationals from the US and Europe exit Nigeria, Asian and local companies are stepping in to fill the…
Big oil buyers’ shift to electric vehicles threatens Nigeria petrodollars
The increase in electric vehicle (EV) sales in major importers of Nigerian crude oil, such as France, Spain,…
Nigeria ranks 88th out of 141 countries in Logistics Performance Index
Nigeria has improved its standing in the World Bank Logistics Performance Index (LPI), rising from 91st position…
NERC okays 450MW deal to avert Zungeru plant shutdown
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned a deal to procure 450 megawatts of…
Court orders Arik Air to pay over $24,000 to ex-worker
An Industrial Court in Lagos has mandated Arik Air to compensate a former employee, Mrs. Andreia Perdigao, with…
FG offers 17 new oil blocks for bidding
The Federal Government of Nigeria has announced the inclusion of 17 deep offshore oil blocks in the 2024 Licensing…
Modular refiners, Afreximbank begin talks over $18bn loan
Investors in Nigeria's modular refinery sector have initiated discussions with the African Export-Import Bank…
Worry as NCAA acting DG tenure expires
There is growing tension among staff and management of the Nigeria Civil Aviation Authority (NCAA) and the…
Reps summon NNPC, Agip, NUPRC, others over alleged $72m diversion
The House of Representatives Committee on Public Petitions has summoned the managing director and senior…
Ekpo Woos Canadian Businesses, Investors to Nigeria’s Gas Sector
Nigeria's Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized the necessity of global…
Adrian Wood Returns to Nigeria, Moves to Rebrand Ntel with Fresh Investors
Adrian Wood, former CEO of MTN Nigeria, has re-entered the Nigerian telecom industry as the new Chief Executive…
New Report Says Nigeria’s Liquefied Natural Gas Expansion Drive Faces Severe…
Nigeria's ambitious plans to expand its Liquefied Natural Gas (LNG) projects, including the notable Train-7…
Universities Scotland says 20% decline in int’l student market reduces subsidized…
Universities Scotland has raised alarms over the potential 20% reduction in international student numbers, warning…
Nigerian Box Office set to hit N10 billion revenue in FY2024
The Nigerian box office is on track to reach an unprecedented N10 billion in revenue from cinema ticket sales and…
NEPZA Offers Duties Waiver, Tax Holiday To Startups In Free Trade Zones
The Nigeria Export Processing Zones Authority (NEPZA) has announced new measures aimed at retaining foreign…
Amid $12bn Loss To Cyberattacks, Financial Stakeholders Decry Rising Threats
Financial experts have urged for innovative solutions to counter the escalating threat of cyberattacks, aiming to…
Wemabod gets new MD
Wemabod Limited has announced a leadership transition with the appointment of Bashir Oladunni as the new Managing…
LBS, Stanbic IBTC Advocate Corporate Sustainability
Lagos Business School (LBS) and Stanbic IBTC Holdings emphasized the need for businesses to integrate…
Import duty: FG summons 80 private jets owners over operating papers
The Nigerian Customs Service (NCS) has launched a new initiative aimed at cracking down on operators of…
Dangote refinery achieves double Nigeria’s 11-yr power output
Over the past eleven years, Nigeria has only managed to add 760 megawatts (MW) to its national grid, increasing…
Murray-Bruce, Omokri support Fidelity Bank, urge Nigerians to buy its stock
Former Senator Ben Murray-Bruce and ex-presidential aide Reno Omokri have both expressed strong endorsements for…
Nigeria’s FX reserves stablise at $33.16bn amid inflation surge
Nigeria's foreign exchange (FX) reserves have demonstrated remarkable stability, holding firm at $33.16 billion,…
Changan posts 3.29% rise in May sales, gets more popular in Nigeria
Chinese automaker Changan Automobile reported a modest increase in May sales. According to a production and sales…