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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

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Business and economic news from Nigeria and around the world.

BUA group, NPA Decommissioning of Port Harcourt Terminal: We'll vigorously defend, protect our rights - BUA Group, NPA and BUA Group dispute to affect 1000 jobs, $500,000 monthly revenue, Terminal closure: BUA clears air on NPA’s claims , Forbes 2020 world’s richest rankings released: Only 4 Nigerians make exclusive billionaires list, BUA reacts to CACOVID, says it took initiative as members failed to reach an agreement

BUA Cement signs contract to build 3 Plants in Adamawa, Edo and Sokoto States

BUA Cement Plc has disclosed that it is set to sign a contract for the building of additional production lines...

Canada to receive over 1.2 million immigrants in next 3 years, Canada invites fresh 3,500 candidates to apply for permanent residence, Canadian Study Permit: Nigeria ranks 8th highest receiver in 2019, Canada invites 4,500 Express Entry Candidates, as cut-off score drops to 470, COVID-19: Canada shuts borders to ALL countries except US

Canada invites fresh 5,000 Express Entry candidates for permanent residency

by Samuel Oyekanmi

Candidates needed a Comprehensive Ranking System (CRS) score of at least 469 in order to be invited.

Seplat Petroleum seals Crude Purchase Agreement with Waltersmith Petroman Oil Limited

by Chidi Emenike

Seplat Petroleum in its effort to enhancing national energy output has signed a Crude Purchase Agreement with Waltersmith Limited.

E-Citizenship automation has generated N2 billion for FG – Interior Ministry

Nigerian youths should quit overdependence on public and private jobs – Aregbesola

The Minister has tasked youths to engage in productive activities that will make them self-sufficient and self-reliant.

NIPC to launch Single Window Investors Portal by 2021

by William Ukpe

Nigerian Investments Promotion Commission has stated that its investors' portal will be available by the first quarter of 2021.

Minister of Labour says ASUU will call off its strike in January

by Chike Olisah

Senator Chris Ngige, has revealed that ASUU is expected to call off their strike action in January 2021.

Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay

Minister of Transportation inaugurates new port terminal in Apapa

by Chike Olisah

The Minister of Transportation, Rotimi Amaechi has launched a new port terminal in Apapa.

Continuous increase in inflation rate may weaken economy – CBN report

by Adeyemi Adebayo

A majority of respondents in a CBN survey believe a continuous inflation rate may weaken the economy.

National Identification Number: How to Retrieve, Link Your NIN on MTN, Airtel, Glo, 9mobile

FG extends deadline for Telcos to block SIMs without NIN to February 2021

The Federal Government of Nigeria has extended the deadline for registration of SIMs with National Identification Number.

TechnoServe designs self-regulatory system to ensure improved standards of food processors