Shell plans $2 billion investment in Kano Electricity Distribution Company

Global oil giant, Shell, is set to invest $2 billion in Kano Electricity Distribution Company in the next three years.
Gokada to launch new boat ride

GoKada to add luxury yacht service to its operations

Nigerian on-demand transportation company, Gokada, recently added luxury yacht service to its services.
A Chinese company just got shut down in Lagos; here's why

A Chinese company just got shut down in Lagos; here’s why

Aokete Lighting Electronics Ltd has been sealed off by a special task force of the Importers Association of Nigeria over an alleged illegal business operation in the country.
It would cost you N1.2 billion to have lunch with Warren Buffett

It would cost you N1.2 billion to have lunch with Warren Buffett

Ever wondered what it would be like to have lunch with Warren Buffett, the fourth-richest person in the world? That would make for a very exciting adventure, not to talk of the many business lessons you would surely learn while at it.
Mark Essien

Mark Essien explains why tech firms should always give newbies a chance

Popular Nigerian entrepreneur and the CEO of, Mark Essien, recently explained why it is of uttermost importance for Nigerian technology firms to always avail young and inexperienced tech talents a chance.
Akin Alabi, SME, small business, Advertising, Ad Campaign, NairaBet

NairaBet’s CEO has an interesting business idea for you

The Founder and former CEO of NairaBet, Akin Alabi, recently shared a new business idea via his Twitter page, whilst urging his followers who are capable of it to harness the idea.
Uber to ban low rated passengers from its services Kate Parker writes on Uber blog

As Uber plans to ban low-rated passengers, here’s how to avoid that

@Uber now believes that the customers are not always right. In line with this, the car hailing company plans to ban disrespectful riders. Click link for details...
2019 Budget

2019 Budget: FG may borrow more to close N102.8 billion funding gap

In order to take care of the funding gap that was created as a result of the National Assembly's tinkering with the 2019 Budget, the Federal government of Nigeria may increase its rate of borrowing this year
Airtel Nigeria

Airtel Africa may consider dual listing on London and Nigerian Stock Exchanges

Airtel Africa may be considering listing on @lseplc and @nsecontact
OK Foods Limited has sued Cadbury UK Limited

OK Foods Limited is suing Cadbury for N260 million over trademark claims

OK Foods Limited has slammed Cadbury UK Limited (the parent company of Cadbury Nigeria Plc) with a N260 million lawsuit following Cadbury's claim of trademark violation by the plaintiff.
OK Foods Limited has sued Cadbury UK Limited

OK Foods Limited is suing Cadbury for N260 million over trademark claims

OK Foods Limited has slammed Cadbury UK Limited (the parent company of Cadbury Nigeria Plc) with a N260 million lawsuit following Cadbury‘s constant claims of trademark violation by the plaintiff.
China Chamber of Commerce

Chinese companies’ investments in Nigeria hit $20 billion – CCCN

The president of the China Chambers of Commerce in Nigeria, Mr. Ye Shuijin, recently disclosed that the total investments of Chinese companies in the country have reached $20bn.
Hadi Sirika

Why four aviation unions commenced indefinite strike earlier today

Four aviation unions went on strike over the failure of the Nigerian Civil Aviation Authority (NCAA) to solve problems associated with perceived faulty organogram in the authority.
Nigerian National Petroleum Corporation

NNPC reshuffles management as NPDC boss and 49 others lose their jobs

The Managing Director of the Nigerian Petroleum Development Company, Yusuf Matashi, has been sacked and replaced with Usman Yusuf, the former Assistant to the GMD.
Governor Fayemi commissions Gossy Water

Gossy Water returns as Governor Fayemi commissions production plant

One year after the popular Gossy Water went out of business due to the liquidation of its parent company, it has re-emerged in full force.
Caramelo Bar

Caramelo Bar’s owner laments over N500m loss following demolition

Mr Maxwell Eze, the owner of exquisite Abuja-based nightclub, Caramelo Bar, has expressed his dismay after government officials destroyed his N500 million bar.
Alleged 500bn Fraud: The CBN and others should be investigated for posterity's sake

Federal Executive Council approves N35.94bn road contracts in six states

The Federal Executive Council has approved road contracts worth N35.944bn in six states of the federation, the Federal Ministry of Power, Works and Housing announced on Sunday.
Nigeria losses billions over importation of iron and steel

FG loses billions over illegal importation of steel and iron

The Galvanised Iron and Steel Manufacturers Association has disclosed that the Federal Government loses about N53 billion per annum to the illegal importation of iron and steel products.
Sports betting companies

Sport betting companies enrich themselves at the expense poor customers – Tayo Oyedeji

Nigerian entrepreneur and business leader, Tayo Oyedeji, believes that many sport betting companies in Nigeria and elsewhere are enriching themselves at the expense of their mostly impoverished customers. 
Austin Okere

CWG’s Founder teaches the importance of hiring the right staff

Austin Okere, the man who founded leading IT firm, CWG Plc, recently spoke on the importance of putting the right persons to head key positions in any business organisation.
Avengers: Endgame

Nigerians spent N304m in one week just to watch the ‘Avengers: Endgame’ film

The Marvel blockbuster film 'Avengers: Endgame' apparently has lots of Nigerian fans, because available data has shown that the film grossed N304 million across Nigerian cinemas in its first opening week.
Sierra Leone govt purchases Innoson vehicles

Government of Sierra Leone purchases Innoson Vehicles for military use

Innoson Vehicles recently announced via Twitter that the Government of Sierra Leone has purchased some fleet of cars from its company.
Sugar Surge in Nigeria

Nigeria spends N57.2bn on sugar importation as Dangote Sugar records profit decline

Efforts by the Government to curb importation of sugar has failed as report shows that Nigeria currently spends N57.2 billion on sugar importation.
Minister of Finance Zainab Ahmed, FG approves 0.2% import levy on CIF to finance AU subscriptions, budget

Increasing debt servicing cost deters investors from investing in Nigeria

Report has it that the cost of servicing government debt in Nigeria is limiting foreign investors from investing their money in the country.
Nigeria Air

Nigeria needs $45billion to solve its transportation problem – Rotimi Amaechi

Minister of Transportation, Rotimi Amaechi, stated recently in an interview that the country needs $45 billion to solve its transportation problem once and for all.
Avengers: Endgame

Marvel’s Avengers: Endgame beats Titanic’s $2.12bn box office record

In just a few weeks following its release, Marvel's highly-acclaimed  film, Avengers: Endgame, is said to have surpassed the 21-year-old record set by Titanic which...
First Bank of Nigeria Limited

First Bank reiterates commitment to continue lead on digital banking

Adesola Adeduntan, the CEO of First Bank of Nigeria Limited, has disclosed the bank's commitment to keep up with its objective of driving digital banking.
Sim Shagaya

There is always room for your ideas, Sim Shagaya advises young entrepreneurs

If you're an entrepreneur, this advise from @SimShagaya might be all you need.
Nigeria, others raise over $17bn from bonds, says World Bank

Over $17bn raised from bonds by Nigeria and other African countries – World bank

The World Bank has reported that Nigeria, Kenya, Côte d’Ivoire, and other sub-Saharan African countries raised over $17 billion from bond issuances in 2018.

Facebook sues company for selling ‘fake likes and followers’ to people

Online social media and networking service, Facebook, is suing a company and three individuals in Zealand for allegedly selling fake likes, views, and followers to users of its photo-sharing platform, Instagram.


Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Julian Osula, Julian's Luxury

Meet Julian Osula, the billionaire who disrupted traffic with a helicopter

Finally, the identity of the billionaire that disrupted traffic along Lagos-Benin Expressway has been revealed.
NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.