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Lagos Assembly Budgets N55.4bn for Lawmakers’ Quarters, Complex Beautification in 2026

KEY POINTS Lagos Assembly plans to spend N55.4bn in 2026 on lawmakers’ quarters and beautification projects. Only N16bn is allocated to community-based infrastructure interventions. Budget reviews show a pattern of heavy spending on lawmakers’ welfare, vehicles, generators, and renovations despite wider public infrastructure challenges. The...

February 7, 2026

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Fresh Benue Attack Leaves 13 Dead as Gunmen Torch Market, Abduct Women

KEY POINTS Gunmen killed 13 people in an attack on Anwase Market in Kwande LGA, Benue State. The assault followed another attack two days earlier in Abande community. Community leaders warn of worsening insecurity as residents flee their homes amid repeated violence. Gunmen suspected to...

February 7, 2026

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Business

World Bank Says Nigeria Portfolio Tops $16bn as Global Operations Chief Begins Country Visit

KEY POINTS World Bank says its active development projects and lending in Nigeria now...

February 3, 2026

Business

Caverton Q4 Revenue Slides Sharply as Losses Narrow Slightly

KEY POINTS Caverton’s fourth-quarter revenue fell to 3.74 billion naira from 13.11 billion naira...

February 2, 2026

Business

May & Baker Returns to Profit as TY Danjuma Family Maintains Control

KEY POINTS May & Baker Nigeria Plc returned to profit in Q4 2025, recording...

February 2, 2026

Business

BUA Foods Posts Sharp Profit Jump as Demand Lifts Sales

BUA Foods nearly doubled profit in 2025, as demand for staples and tight cost control lifted earnings and reinforced its position in Nigeria’s food sector.

January 30, 2026

Business

Nigerian Business Leader Adekunle Ojora Dies at 93

Nigerian business leader Adekunle Ojora has died at 93, closing a decades-long career that shaped corporate Nigeria and post-independence enterprise.

January 29, 2026

Business

Tinubu Reforms Deepen Stability, Federal Unity, Bagudu Says

Nigeria’s budget minister says Tinubu’s economic reforms are improving political coordination, stabilising markets and guiding development partnerships despite short-term hardships.

January 29, 2026

Business

Ex-Nigerian Oil Minister Faces Fresh Bribery Scrutiny in London

Former Nigerian oil minister Diezani Alison-Madueke faces renewed scrutiny in a London bribery trial over alleged luxury spending funded by oil industry figures.

January 28, 2026

Business

Dangote Names MTN Chief Mupita to Fertiliser Board

Dangote Industries has appointed MTN Group CEO Ralph Mupita to the Dangote Fertiliser board, signalling expansion plans and renewed IPO expectations.

January 28, 2026

Business

Mecure Industries Shares Surge, Lifting Udani Fortunes

Mecure Industries shares have surged nearly 239%, sharply increasing Udani family wealth and sparking debate over fundamentals and free float on the Nigerian Exchange.

January 27, 2026

Business

Dangote Seeks Congo Backing for Potash Mining Project

Aliko Dangote is exploring a potash mining project in Congo, seeking to strengthen fertiliser supply chains and extend his industrial footprint beyond cement.

January 27, 2026

Business

Unilever Nigeria Posts 44 Percent Revenue Growth in Results

Unilever Nigeria reported a 44 percent rise in turnover and a doubling of profit after tax, supported by strong brand demand and operational efficiency.

January 27, 2026

Business

Dangote Refinery Listing Could Double Nigeria Market Value

Bismarck Rewane says a Dangote Refinery listing could more than double Nigeria’s stock market value, marking a defining moment for the Nigerian Exchange.

January 26, 2026