Category: Business
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FOCUS ON FUEL SUPPLY, NOT PRICE CONTROL – EXPERT TELLS FG
As global tensions shake oil markets, an energy expert is warning Nigeria—keeping fuel flowing matters more than fixing prices. Energy economist Wumi Iledare has advised the Federal Government to prioritise stable fuel supply over price control, saying it’s the key to economic stability amid global oil market disruptions. Speaking in Lagos, Iledare warned that trying…
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SOCA FOUNDATION EMPOWERS FCT WOMEN WITH SKILLS, STARTER PACKS TO BOOST LIVELIHOODS
From soap-making to financial literacy, over 150 women in Abuja communities are getting the tools to turn survival into small business success. The Somalisa Okocha Care Foundation (SOCA) has empowered no fewer than 150 indigent women in the FCT with entrepreneurial skills, starter packs, and basic support items to help them build sustainable sources of…
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CHEF GIBBS PUSHES GLOBAL REBRANDING OF NIGERIAN CUISINE
From jollof to yam pounded fresh, Nigerian food is getting a global makeover—and Chef Gibbs wants the world to taste it right. Nigerian chef Gbolabo Adebakin is calling for a deliberate global rebrand of Nigerian cuisine, saying it’s time the world sees local dishes as nutritious, diverse, and world-class—not misunderstood or misrepresented. Speaking in Lagos,…
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NGX RALLIES: INVESTORS POCKET N1.77TRN IN SHORT TRADING WEEK
Despite fewer trading days, the stock market surged — delivering big gains and renewed investor confidence. Nigeria’s stock market wrapped up the week on a strong note, with the Nigerian Exchange Ltd. (NGX) posting a 1.39% rise in both the All-Share Index and market capitalisation. The benchmark index climbed to 201,156.86 points, while total market…
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MALAYSIA–NIGERIA TRADE HITS $664M AS EXPORTS SURGE 20%
Stronger ties, bigger deals — Malaysia ramps up exports to Nigeria, driven by palm oil, machinery, and booming partnerships. Trade relations between Nigeria and Malaysia are heating up, with Malaysia’s exports to Nigeria jumping by 20.7% to $664 million in 2025 — a sign of deepening economic ties. Data from the Malaysia External Trade Development…
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GLOBAL OIL TENSIONS: WEST AFRICA’S FUEL MARKET HOLDS FIRM – MEMAN
Despite rising global tensions, West Africa’s fuel market is standing strong—thanks to ongoing reforms and growing local capacity. At a high-level webinar hosted by Major Energies Marketers Association of Nigeria with S&P Global, industry leaders said geopolitical risks—especially around the Middle East and Strait of Hormuz—are shaking global supply chains but the region remains resilient.…
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NSIA TEAMS UP WITH UK FIRM TO BOOST NIGERIA’S DAIRY SECTOR
Nigeria is set to revolutionize its dairy industry! The Nigeria Sovereign Investment Authority has signed a Memorandum of Understanding with UK-based Asset Green Ltd to build an integrated dairy production platform. The project, announced by British Deputy High Commissioner Jonny Baxter, will feature 20,000 hectares of climate-smart forage, a 10,000-milking cow operation, and a processing…
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COCOA CRASH: FARMERS URGE NATIONAL COCOA BOARD TO SAVE INDUSTRY
Cocoa farmers and stakeholders across Oyo, Ogun, and Kwara are sounding the alarm over a sharp 70% drop in cocoa prices—from ₦2.5 million per tonne to just ₦700,000—warning that the collapse is threatening livelihoods and investment in the sector. Speaking to NAN, Adeola Adegoke said the price crash has forced new farmers and investors to…
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LCCI WARNS AGAINST COMPLACENCY AS INFLATION EASES SLIGHTLY
Marginal drop in inflation not a reason to relax, experts caution. The Lagos Chamber of Commerce and Industry (LCCI) has urged vigilance despite Nigeria’s inflation easing slightly from 15.10% in January to 15.06% in February. Director-General Dr Chinyere Almona warned that rising month-on-month inflation of 2.01% shows that price pressures remain strong. She highlighted food…
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N1BN FUND LAUNCHED TO BOOST WOMEN ENTREPRENEURS IN NIGERIA
Empowering women, growing businesses, transforming the economy. The Bank of Industry (BoI) and MTN Nigeria Foundation have unveiled a N1 billion Y’ellopreneur 3.0 Matching Fund to support women-led businesses nationwide. The initiative provides loans up to N5 million, equipment financing, and structured training to scale small enterprises to industrial levels. BoI’s Dr Olasupo Olusi said…
