Category: Business
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OTTI UNVEILS SME VILLAGE, HEALTH & INFRA BOOST IN ABIA
From a new SME hub in Aba to 277 functional PHCs statewide, Gov. Alex Otti says Abia is entering a new phase of industrial and social renewal. Speaking at his February media parley in Umuahia, Alex Otti announced approval for an SME Village and Innovation Hub in Aba — a centre designed to power small…
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NAFDAC WARNS SOKOTO TRADERS AGAINST USING CALCIUM CARBIDE TO RIPEN FRUITS
Authorities caution that unsafe ripening methods could harm consumers, especially during Ramadan. The National Agency for Food and Drug Administration and Control (NAFDAC) has warned fruit sellers in Sokoto against using Calcium Carbide to hasten fruit ripening. Coordinator Abdulsalam Lawal said the practice poses serious health risks, including kidney damage, cancer, hypertension, and other severe…
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LAFARGE AFRICA SMASHES N1TRN REVENUE MARK, PROFITS SOAR 173%
Strong sales, plant efficiency and cost discipline power a record-breaking 2025. Lafarge Africa Plc has crossed a major financial milestone, posting N1.07 trillion in net sales for 2025 — a 53% jump from N696.76 billion recorded in 2024. In its audited results filed with the Nigerian Exchange Limited, the cement giant reported explosive profit growth…
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FINLAND’S PRODUCER PRICES JUMP AT FASTEST PACE IN NEARLY 3 YEARS
January rebound signals renewed cost pressures driven by energy and metals. Finland’s producer prices surged 1.9% year-on-year in January — the fastest increase since March 2023 — reversing December’s 0.8% decline, new data from Statistics Finland show. The spike was largely fueled by higher electricity costs and rising prices for precious and non-ferrous metals. However,…
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CBCN CALLS FOR FARMER SUBSIDIES, NOT FOOD IMPORTS, TO SECURE NIGERIA’S FUTURE
Bishops warn that neglecting local farmers undermines food security and fuels instability. The Catholic Bishops’ Conference of Nigeria (CBCN) on Wednesday urged the Federal Government to support local farmers with subsidies and security instead of relying on food imports. Outgoing President, Most Rev. Lucius Ugorji, made the call at the close of the 2026 First…
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NUPRC REMINDS INVESTORS: PRE-QUALIFICATION FOR 2025 LICENSING ROUND CLOSES FEB 27
Time is running out for companies looking to grab a slice of Nigeria’s oil and gas sector—50 blocks up for grabs in the 2025 Licensing Round. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that registration and submission for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4:30 p.m. on Friday, February…
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REA, LOTUS BANK SEAL N100BN DEAL TO POWER RURAL NIGERIA WITH RENEWABLE ENERGY
Thousands of rural communities without electricity may soon see the lights come on as REA and Lotus Bank roll out a massive N100 billion financing plan to boost clean energy access. The Rural Electrification Agency (REA) has signed a landmark agreement with Lotus Bank to unlock N100 billion in financing aimed at expanding renewable energy…
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*PENGASSAN URGES LEGISLATIVE SCRUTINY OF EXECUTIVE ORDER *
Oil and gas workers warn that bypassing lawmakers could threaten sector stability, investment, and jobs. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the government to submit proposed changes under Executive Order 9 to the National Assembly for proper legislative review. President Festus Osifo said the Feb. 13 order,…
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MALAYSIA TO REVIEW TRADE AGREEMENT WITH U.S. AMID LEGAL UNCERTAINTIES
Prime Minister Anwar Ibrahim says Putrajaya is closely watching U.S. tariff disputes and Supreme Court rulings to safeguard national interests and $94B bilateral trade. Malaysia is carefully evaluating its stance on the Agreement on Reciprocal Trade (ART) with the U.S., Prime Minister Anwar Ibrahim told parliament on Tuesday. He noted ongoing legal developments in Washington,…
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ONITSHA COUNCIL SEALS 200 SHOPS OVER MONDAY SIT-AT-HOME DEFIANCE
Authorities crack down on traders who ignored directives to reopen, warning of possible loss of shop ownership. More than 200 shops at Bridge Head Market in Onitsha have been sealed by the Onitsha South Local Government Council for refusing to open on Mondays, in defiance of the Anambra State Government’s directive to end the sit-at-home…
