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Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.
Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.

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Business

FG Plans to Open More Gemstone, Jewellery-Making Centres

FG to establish gemstone and jewellery-making centres to boost entrepreneurship and support local value addition
Business

Aliko Dangote Tops Forbes 2025 List of Africa’s Richest People

Forbes 2025 reveals Africa’s richest people, with Aliko Dangote at the top, worth $23.9 billion. Discover the wealthiest individuals in Africa.
Business

Tinubu Sacks Kyari and NNPCL Board Over Poor Performance

KEY POINTS The president dismissed Kyari and the NNPCL board members after they demonstrated...
Business

Fuel Prices May Drop to ₦750/Litre by December – NIPSS

KEY POINTS NIPSS forecasts petrol prices may fall to ₦750/litre by December 2025, citing...
Business

Mali, Burkina Faso, Niger Impose 0.5% Import Levy on ECOWAS Nations

Mali, Burkina Faso, and Niger introduce an import levy to fund their new alliance, challenging ECOWAS and regional trade relations
Business

Three Nigerians Plead Guilty to $4.5 Million US Money Laundering Scheme

KEY POINTS Three Nigerians admitted laundering $4.5M via romance/BEC scams, targeting 125+ victims in...
Business

World Bank Approves $500 Million Loan for Nigeria’s Economic Resilience

KEY POINTS $500 million approved for Nigeria’s economic resilience program, targeting food security and...
Business

Zenith Bank Posts Record $671 Million Profit Under CEO Adaora Umeoji’s Leadership

KEY POINTS Zenith Bank’s 2024 profit surged to $671 million, driven by strong interest...
Business

Tinubu Hosts Ghana’s Mahama for Crucial Talks on Sahel Crisis

KEY POINTS Ghana’s Mahama briefed Tinubu on mediation efforts with Mali, Burkina Faso, and Niger,...
Business

NNPCL to Sell Shares Ahead of IPO

The Nigerian National Petroleum Company Limited continues its IPO preparations through partner recruitment for both IPO readiness and investor relations support before its capital market listing.
Business

UBA’s $19 Million Travel Spend: Justifiable Growth or Executive Extravagance?

KEY POINTS UBA’s $19 million travel spend in 2024 more than doubled from 2023,...
Business

DMO Raises N271.2 Billion at March Bond Auction

DMO raised N271.2 billion in its March 2025 bond auction, with overwhelming demand for the nine-year bond and unchanged coupon rates.
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Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.
Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.
News

Airtel Africa Strikes Starlink Deal to Expand Satellite Coverage

Airtel Africa’s Starlink deal aims to extend mobile coverage into rural areas, using satellite technology to bypass towers and narrow Africa’s persistent digital divide.
News

Microsoft Deepens Digital, AI Skills Push in Nigeria

Microsoft is scaling up AI and digital skills training in Nigeria, targeting students, developers and public servants as demand for technology talent accelerates.

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