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Taiwo Afolabi appoints son LAX to SIFAX Logistics

Taiwo Afolabi, the Nigerian billionaire who chairs SIFAX Group, appointed his son Damilola Afolabi, known professionally as LAX, as executive director of SIFAX Logistics on April 10, the same day the Afrobeats singer turned 33.
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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.

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Business

Taiwo Afolabi appoints son LAX to SIFAX Logistics

Taiwo Afolabi, the Nigerian billionaire who chairs SIFAX Group, appointed his son Damilola Afolabi, known professionally as LAX, as executive director of SIFAX Logistics on April 10, the same day the Afrobeats singer turned 33.
News

FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
News

Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.