Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
Nigeria expands solar manufacturing to 300MW, targets 3.7GW hub
By Udeme Akpan, Energy Editor Nigeria is accelerating efforts to localise renewable energy manufacturing, increasing installed solar panel production capacity from 120 megawatts (MW) two years ago to about 300MW, with an additional 3.7 gigawatts (GW) in the pipeline as it positions itself as a West African hub. Managing Director of the Rural Electrification Agency (REA), […]
Nigeria’s Web3 ecosystem attracts $43m funding — Report
•Records $48.2m daily stablecoin volume •Developers account for 4% of global talent •Finance sector dominates with 89% of investments By Juliet Umeh Nigeria’s Web3 ecosystem recorded strong growth in 2025, attracting $43 million in funding, more than double the $20 million raised in 2024. This is according to the latest industry report from a venture capital […]
Nigeria, oil firms earn $4bn windfall from Middle East crisis
By Babajide Komolafe & Udeme Akpan There are indications that Nigeria and oil firms have earned about $4 billion from the rise in price of crude oil triggered by the US/Israel-Iran war now in its seventh week. The war that started on February 28th has so far lasted for 52 days as of yesterday. Vanguard […]
UK-Nigeria Trade Mission builds on state visit momentum to drive commercial outcomes
By Nkiruka Nnorom The UK has completed its first trade and investment mission to Nigeria since the recent state visit by President Bola Tinubu. It is focused on turning high level agreements into practical commercial opportunities for businesses in both countries. Supported by the UK Department for Business and Trade and delivered by DMA Invest in […]
Lasaco Assurance’s Rights Issue to close May 13
By Rosemary Iwunze Lasaco Assurance Plc wishes to inform shareholders and the investing public that its ongoing Rights Issue, duly approved by the Securities and Exchange Commission (SEC), is scheduled to close on May 13, 2026. This timeline provides eligible shareholders with sufficient opportunity to participate in the capital raising exercise. The offer comprises 9,236,321,546 […]
Nigeria risks losing cargo to port of neighbouring countries — SEREC warns
By Godwin Oritse Nigeria Maritime risks losing cargo to ports in neighbouring countries due to persistent inefficiencies, the Sea Empowerment & Research Center (SEREC) has warned in a new policy advisory, highlighting mounting structural pressure in the maritime sector. Titled “Maritime Reform at a Crossroads: Data Signals, Export Concerns, and the Urgent Need for Execution Discipline,” […]
BOI, RMRDC sign MoU to foster agric value-chain growth
By Peter Egwuatu The Bank of Industry (BOI) and the Raw Materials Research and Development Council (RMRDC) have sealed a strategic partnership agreement to strengthen Nigeria’s agricultural value-chain and boost the country’s Gross Domestic Product (GDP). The agreement was formalised with the signing of a Memorandum of Understanding (MoU) between both organisations. The agreement was the […]
NCC, CBN launch portal to track fraudulent phone lines
Sign MoU on consumer protection, fraud control By Juliet Umeh In a decisive move to curb rising electronic fraud and strengthen consumer protection, the Nigerian Communications Commission, NCC, and the Central Bank of Nigeria, CBN, have launched a portal that enables financial institutions to track fraudulent and suspicious phone lines across the country. The initiative, […]
Tinubu approves $75m investment in Flutterwave ahead of IPO
President Bola Tinubu has approved a $75 million investment into Flutterwave as plans are nearing completion for the company’s initial public offering (IPO).
NB outlines strategies for sustained growth, pricing shocks protection
By Yinka Kolawole Nigerian Breweries (NB) Plc has highlighted strategies aimed at sustaining the company’s growth and protecting customers from pricing shocks occasioned by rising inflation. Finance Director, NB Plc, Maria Karaseva, outlined the strategies at the company’s 80th pre-annual general meeting media briefing held in Lagos. According to her, three major external risks have been […]
