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Bank of Industry urges Lagos to invest in industrial clusters to lift productivity

Bank of Industry chief Olasupo Olusi says Lagos should invest in industrial clusters, power and faster freight to cut business costs and attract private capital.

US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.

Nigeria’s Cocoa Plants Struggle, Operating at Just 8% Capacity

Nigeria's cocoa processing plants struggle with infrastructure and financial challenges, operating at just 8% capacity. Efforts to revitalize the sector are underway.

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.

New Waivers Set to Lower Drug Costs in Nigeria

New waivers on pharmaceutical imports in Nigeria are expected to significantly reduce drug costs, improving healthcare affordability and accessibility.

Nigeria Distributes Rice Nationwide to Combat Food Shortage Crisis

Nigeria’s government distributes 740 trucks of rice to all states and the FCT, addressing rising food insecurity and economic hardship.

ECOWAS Court Finds Nigerian Government Violated Rights During #EndSARS Protests

The ECOWAS Court has ruled that Nigerian security forces violated the human rights of #EndSARS protesters in 2020. The court ordered compensation for victims and an investigation into the abuses.

Tinubu Sets Ambitious Goals: 2 Million BPD Oil, 6GW Electricity, 135M Tonnes Food

Explore Bola Tinubu's ambitious agenda to propel Nigeria's economic sectors of oil, electricity, and agriculture to new heights.

Aiteo Poised for Record Revenue in 2024 Despite Past Challenges

Aiteo Eastern E&P Company Limited, led by Nigerian billionaire Benedict Peters, is projected to surpass $700 million in revenue this year, overcoming operational challenges and capitalizing on a rebound in Africa's oil sector.

Civil Society Groups Back Nigerian Bank Recapitalization Plans

Nigerian civil society groups support the government's plan to strengthen banks through recapitalization. The move aims to boost the economy by creating healthier banks that attract investors. However, concerns linger about potential resistance efforts, highlighting the need for transparency and collaboration.

Police Defy Governor’s Orders on Deposed Emir

A tense standoff has emerged in Kano, Nigeria, between the police and the governor over the eviction of the deposed Emir. The Emir remains in his residence as the court date approaches.

Nnamdi Kanu Seeks Negotiation to Resolve Charges, Court Adjourns Trial

In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.

No Name Change for Murtala Muhammed Expressway in Abuja

Confusion arose online regarding the renaming of Abuja's Murtala Muhammed Expressway. The Nigerian government clarified that only a newly built road received a name change, while the Murtala Muhammed Expressway retains its original designation.

Texas Businessman Found Dead in Lagos Hotel Room

A US-based businessman, Onyejekwe Izuchukwu, was discovered dead in his hotel room in Lagos, Nigeria on June 9, 2024. The 51-year-old Texan was on a business trip and had been staying at the hotel for several days. Authorities have launched an investigation to determine the cause of death, and Izuchukwu's body was transported for autopsy.

Latest articles

Bank of Industry urges Lagos to invest in industrial clusters to lift productivity

Bank of Industry chief Olasupo Olusi says Lagos should invest in industrial clusters, power and faster freight to cut business costs and attract private capital.

US visa ban imposed on Nigerian Supreme Court justices, retiring jurist says

Retiring Justice Uwani Abba-Aji says the U.S. barred all members of a Nigerian Supreme Court panel from travel after a judgment she called widely misinterpreted.

Nigeria earmarks 2.1 billion naira to revive OAUTHC renal program

Nigeria's federal government has appropriated 2.1 billion naira to revive kidney care at Obafemi Awolowo University Teaching Hospitals Complex, its chief medical director says.

Nigeria’s fiscal deficit hits 4.69 trillion naira in Q1 as revenue falls short

Nigeria's government ran a 4.69 trillion naira fiscal deficit in the first quarter as revenue fell far short of target and foreign loans stalled.