Business

Stellar Steel to invest $450 million in Ogun, operations to start by mid-2026

October 23, 2025

Billionaire Watch

Elumelu calls for better governance to attract investment across Africa

October 13, 2025

Benin Market Square: Sundry Markets explains reason for temporary shut down

September 24, 2025

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Business and economic news from Nigeria and around the world.

Lagos demolishes illegal structures at Lekki Coastal City, Idera Schemes, move against land grabbers

by Chike Olisah

illegal structures within the Ibeju-Lekki area of Lagos State have been demolished by the State's New Towns Development Authority.

FG records N6 trillion loss across sectors due to Lagos gridlock

Apapa gridlock: Lagos reads riot act to truck, trailer owners, to commence enforcement

by Chike Olisah

The Lagos State Government is set to commence the impounding of heavy articulated vehicles operating outside the call-up list generated...

#EndSARS: No excuse for that amount of brutality on unarmed civilians – Raila Odinga

African Union to set up infrastructure fund for Africa

by Johnson Uche

The AU has commenced plans to set up a fund for the development of infrastructure across the continent.

GencosArnergy secures $9 million from investors, Electricity poles, Transmission Company of Nigeria, TCN to ban Ikeja Electric Eko Discos and Enugu Discos, Discos, power supply in Nigeria, Association of Nigerian Electricity Distributors,ANED, PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector, GenCos to shut down over NBET's administrative charge , DisCos fail to distribute 8,848.24 megawatts of electricity - TCN , Crisis rocks SSAEAC as association leaders accuse each other of sabotaging power grid, Power: No solutions yet

NERC says DisCos will pay capacity charge for rejecting allocated load

NERC says the DisCos and TCN will be charged for varying faults on their part in the electricity supply process.

CBN commences deduction of $2.1 billion budget support facility from states this month

NEC announces plans to critically review security situation in Nigeria

The NEC has announced its intention to review and address the current insecurity and violent conflicts in Nigeria.

Why Digital Signage is a perfect marketing tool for your business in 2021?

by NM Partners

Why has digital signage been regarded as a perfect marketing tool for most businesses in 2021?

FG to establish Infrastructure company for critical investments in projects, Survival Fund: FG changes website due to operational challenges, FG orders Nigerians with bank accounts to fill, submit Self-Certification forms, Buhari orders payment of stranded NDDC scholarship students, commision gives reason for delay, President Buhari Democracy Day speech

Appointments

President Buhari appoints new heads for Nigeria Correctional Service, NSCDC

by Chike Olisah

President Buhari has appointed new heads of the Nigeria Security and Civil Defence Corps and the Nigeria Correctional Service.

Agricultural financing, GDP: Agriculture grows by 3.42% in Q4 report

GDP: Agriculture sector grows by 3.42% in Q4 2020

The Agriculture sector grew by 3.42% in real terms in Q4 2020 compared to a growth of 1.39% recorded in...

Reps to probe FG’s N3.4 billion failed solar power project

Shell Foundation and DFC mobilize $145 million for renewable energy in Africa, Asia

by Johnson Uche

Shell Foundation and DFC have signed a partnership to strengthen their investments in renewable energy in Africa and Asia.

School feeding, ICPC, FIRS moves to stop tax evasion with newly launched intelligence system

ICPC says it prevented misapplication of N189 billion by MDAs between 2019-2020