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NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.
News

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.

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Business

Nigeria textile exports crash 55 percent as imports hit N1.06trn

Nigeria's textile exports dropped 55.25 percent to N16.55 billion in 2025 as imports climbed 46 percent to N1.06 trillion, widening an already severe trade imbalance in the sector.
Business

Fuel vessels arrive Lagos as petrol prices top N1,200

Vessels carrying 129,000 metric tonnes of petrol and diesel are arriving at Lagos ports between March 14 and 17 as Nigerians contend with fuel prices above N1,200 per litre.
Business

MTN lifts dividend 45 percent after Nigeria, Ghana profit rebound

MTN Group declared a 45 percent dividend increase to R5 per share after headline earnings per share jumped more than tenfold, led by strong recoveries in Nigeria and Ghana.
Business

Dangote seals gas deal with China’s GCL for Ethiopia plant

Dangote Industries and China's GCL Group have formalised a $4.2 billion, 25-year gas supply deal to power what will become East Africa's largest fertilizer production complex.
Business

Taiwo Afolabi ties SIFAX to Nigerian Navy on maritime security

SIFAX Group chairman Taiwo Afolabi has formalised a security partnership with the Nigerian Navy, opening the conglomerate's infrastructure to naval intelligence operations along Lagos shipping lanes.
Business

BUA Cement drives N649 billion surge on Nigerian Exchange

BUA Cement spearheaded a N649 billion surge on the Nigerian Exchange, reversing a two-day losing streak as investors returned conviction buying to blue-chip names after full-year 2025 results.
Business

Nigerian Breweries, Guinness Raise Product Prices as Rising Costs Bite

KEY POINTS Nigerian Breweries Plc and Guinness Nigeria have announced price increases on selected...
Business

Signature Bank hits ₦52 billion, clears CBN recapitalisation bar

Signature Bank has crossed the CBN's recapitalisation threshold, raising its capital base to ₦52 billion through a rights issue and joining banks that have met the new minimum.
Business

Tinubu Names Fola Adeola to Lead Petroleum Reform Taskforce

President Tinubu has named Fola Adeola chairman of a new petroleum reform taskforce, giving the panel six months to produce three reform blueprints for Nigeria's energy sector.
Business

Anthony Joshua Quits UK for Dubai Despite Iran War

Anthony Joshua has formally relocated to Dubai, with filings for two of his companies confirming the move despite Iranian drone strikes on the UAE.
Business

Tantita MD Kestin Pondi Gives $570K to 80 Entrepreneurs

Tantita Security Services MD Kestin Pondi handed out N800 million in business grants to 80 entrepreneurs in Delta State, selected from over 26,000 applications.
Business

Dangote Refinery Puts Nigeria First as Oil Hits $100

Dangote Refinery pledged Monday to put Nigeria's domestic fuel market first as the Middle East war pushed crude oil above $100 a barrel.
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News

NISO drives transmission losses down to 7.05 percent

Nigerian Independent System Operator MD Abdu Mohammed Bello says the agency has cut transmission losses to 7.05 percent from near 10 percent at its inception, saving the electricity market between N5 billion and N8 billion monthly.
News

Nomadic education crisis threatens 10 million Nigerian children

Nigeria's nomadic education crisis has deepened, with over 10 million children in nomadic and migrant communities cut off from classrooms. Abandoned schools, chronic underfunding and insecurity have eroded decades of progress.
Politics

Otti seeks second term to complete Abia’s transformation

Abia State Governor Alex Otti says he would not be seeking re-election if his administration had completed its transformation agenda. He made the declaration at a 10,000-person rally in his Nvosi hometown.
News

Dangote Refinery Denies Fresh Petrol Price Hike

KEY POINTS Dangote Refinery denied reports of a fresh petrol and diesel price increase,...