Category: Business
-
ALAKE PUSHES ENERGY HUBS TO BOOST AFRICA’S MINING POWER
Minister says regional corridors could unlock billions and fast-track Africa’s industrial future. Nigeria’s Minister of Solid Minerals Development, Dele Alake, is calling for the creation of regional energy hubs across Africa to drive cross-border mining and industrial growth. Speaking at the 11th Powering Africa Summit in Washington, D.C., Alake said stronger collaboration between African nations…
-
COCOA PRICE CRASH PUSHES FARMERS INTO DEBT, DESPAIR
From boom to bust, cocoa farmers across Southwest Nigeria are reeling as prices plunge—leaving many broke, discouraged, and abandoning farms. Cocoa farmers in Ondo, Osun, and Ekiti states are sounding the alarm over a massive crash in cocoa prices—one that has wiped out profits, deepened debt, and triggered fears of a looming crisis in the…
-
FG PICKS QUEST MERCHANT BANK TO DRIVE $DIGITAL TRANSFORMATION THROUGH PROJECT BRIDGE
Nigeria’s push for nationwide broadband expansion gets a boost as the Federal Government taps a top financial institution to structure its massive fibre rollout plan. The Federal Government has appointed Quest Merchant Bank as Transaction Advisor for Project BRIDGE, a flagship initiative aimed at transforming Nigeria’s digital infrastructure through expanded fibre-optic connectivity. The appointment was…
-
MIDDLE EAST CRISIS: EXPERT URGES FG TO ACT FAST TO PROTECT ECONOMY
Rising global tensions could hit Nigeria’s economy hard—an expert says the government must move quickly before the impact deepens. An economic expert, Joe Nwakwue, has warned that Nigeria must act swiftly and strategically to shield its economy from the ripple effects of the ongoing Middle-East crisis. Speaking in Lagos, Nwakwue said the conflict is already…
-
NIGERIA, UK CUSTOMS PARTNER TO BOOST TRADE & DIGITAL BORDER CONTROL
Nigeria is stepping up trade efficiency with the UK—this time through smarter data, tech, and tighter customs cooperation. The Nigeria Customs Service (NCS) has strengthened ties with the UK’s His Majesty’s Revenue and Customs (HMRC) to improve trade facilitation and digital border management. The move follows a high-level meeting in London under the Nigeria-UK Enhanced…
-
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…
-
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…
-
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,…
-
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…
-
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…
