Category: Business
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SAUDI ENVOY, DANGOTE MOVE TO BOOST INVESTMENT TIES BETWEEN BOTH ECONOMIES
Saudi Arabia’s Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, has met with billionaire businessman Aliko Dangote to deepen economic cooperation between both countries. The meeting, held at the envoy’s residence in Abuja’s Diplomatic Quarter, focused on expanding partnerships in energy, industry, infrastructure, and investment opportunities. Al-Balawi said the engagement reflects growing Saudi–Nigeria economic relations and…
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COCOA BOOM: OSUN PLANTS 400,000 SEEDLINGS IN 3 YEARS
Governor Ademola Adeleke says Osun has planted 400,000 cocoa seedlings since 2023, distributing them to farmers at subsidised rates as part of a broader plan to reclaim its spot among Nigeria’s top cocoa producers. But it’s not just cocoa—80,000 cashew and 60,000 oil palm seedlings have also gone into the ground, signaling a strong diversification…
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REGISTER NOW OR MISS OUT—FARMERS URGED AHEAD OF PLANTING SEASON
The Young Farmers’ Association is urging farmers in Enugu to register with the state Ministry of Agriculture to access subsidised inputs for the 2026 planting season. According to Chairman Kenneth Eze, registered farmers stand to benefit from fertilisers, seedlings, and even tractors—support that could boost productivity. With rains already setting in, farmers are also encouraged…
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CHINA BLACKLISTS 7 EU FIRMS IN EXPORT CRACKDOWN
China has added seven European Union companies to its export control list, tightening restrictions on the flow of critical materials and technology. The Ministry of Commerce says the move is to protect national security and enforce non-proliferation rules—meaning no more “dual-use” items (goods that can serve both civilian and military purposes) will be supplied to…
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GLOBAL SUPPLY SHOCK: CONDOM PRICES SET TO JUMP 30%, INTERNET REACTS
Karex, the world’s largest condom producer, has warned that prices could rise by up to 30% due to ongoing disruptions linked to the Middle East crisis. The announcement has ignited massive online reactions in China, where the topic “condom prices rising” has racked up over 60 million views, with users debating everything from cost-saving tips…
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ARTISANS SET FOR BIG BOOST AS TASE 2026 TARGETS FINANCE, SKILLS GAP
From carpenters to creatives—Nigeria’s artisans are getting a platform to grow, earn more, and go global. Say it Loud Africa has announced plans to host the Artisan Summit and Expo (TASE) 2026, a major push to tackle challenges holding back artisans especially access to finance and proper business structure. Speaking ahead of the event, advocate…
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FCCPC WARNS FIRMS: NO APPROVAL, NO MERGER DEALS
The Federal Competition and Consumer Protection Commission (FCCPC) has warned companies and investors to fully comply with merger and acquisition laws before sealing any deals. In a notice posted on its official X page, the commission said all qualifying transactions must be reported and approved in advance under the law. FCCPC stressed it can approve,…
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₦472K BOOST: 100 ABIA YOUTHS, WOMEN GET AGRIBUSINESS START-UP CASH
The LIFE-ND has kicked off cash disbursement to agribusiness trainees in Abia State, with 100 beneficiaries receiving ₦472,000 each as start-up capital. The beneficiaries, drawn from a larger pool of 276, got their cheques in Umuahia after completing hands-on training in processing and marketing at incubation centres. State Project Coordinator Uchenna Onyeizu said more beneficiaries…
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RICE FARMERS CRY FOUL AS IMPORT SURGE HITS LOCAL PRODUCTION
Cheaper imported rice is flooding markets but local farmers say it’s costing them their livelihoods. Rice farmers across Nigeria are raising alarm over rising imports, warning that the trend is crippling local production and pushing many out of business. Stakeholders say the situation worsened after the Federal Government’s import duty waiver on rice in 2024,…
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COW PRICES RISE TO N2.5M IN LAGOS, BUTCHERS RAISE CONCERN
The cost of cattle in Lagos has surged sharply, putting pressure on both traders and consumers. The Lagos State Butchers Association says the price of cows has increased to about N2.5 million, up from around N1.7 million in 2025. The association attributed the rise to insecurity, high transportation costs, and delays in local ranching programmes,…
