Category: Business
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FG DELIVERS 80,500 LIVESTOCK VACCINES TO EKITI
Ekiti beefs up animal health to fight deadly livestock diseases. The Federal Government has supplied Ekiti State with 80,500 doses of livestock vaccines to curb transboundary animal diseases, including 50,000 CBPP doses, 30,000 Newcastle Disease vaccines, and 500 Foot-and-Mouth Disease doses. Receiving the vaccines under the L-PRES programme, Commissioner for Agriculture, Ebenezer Boluwade, said the…
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NIGERIA SAVES ₦6TN IN FUEL IMPORTS AMID DOWNSTREAM REFORMS
Bold economic moves and deregulation are reshaping Nigeria’s fuel sector. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says full downstream deregulation and forex reforms have saved Nigeria over ₦6 trillion in fuel import losses in the first nine months of 2025. Speaking at the Nigeria International Energy Summit (NIES) 2026 in Abuja, NMDPRA…
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NIGERIA’S STOCK MARKET HITS HISTORIC N1.37TRN SINGLE-DAY GAIN
Investors smile as blue-chip stocks and strong earnings reports push the market to record-breaking highs. The Nigerian equities market on Wednesday surged, adding N1.37 trillion to investors’ wealth in a single day — a historic one-day gain. The All-Share Index jumped 2,128.61 points (1.28%), closing at 168,030.18, while market capitalisation rose from N106.494 trillion to…
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POWER SECTOR PUSH: BPE, DISCOS TEAM UP TO CLOSE METERING GAP
With 5.6 million Nigerians still unmetered, power regulators and distributors are tightening collaboration to deliver free meters nationwide. The Bureau of Public Enterprises (BPE) and Nigeria’s 11 Electricity Distribution Companies (DISCOs) have stepped up talks to fast-track the rollout of free electricity meters, as the country battles a metering gap estimated at 5.66 million. Speaking…
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AFRICAN ENERGY BANK TO RAISE $15BN FOR CONTINENTAL OIL & GAS BY 2030
Africa aims to fuel its energy future while creating half a million jobs! The African Energy Bank (AEB) is set to mobilize $15 billion by 2030 to finance oil and gas projects across Africa, creating over 500,000 direct jobs in the midstream sector, the Association of Petroleum Producers’ Organisation (APPO) has announced. APPO Secretary-General Farid…
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ARMY REASSURES ONITSHA TRADERS: SECURITY, SAFETY GUARANTEED
Onitsha Main Market reopens with confidence as army steps up protection! The 82 Division of the Nigerian Army has assured traders in Onitsha Main Market and other economic centres in the South-East of full security and safety. Lt.-Col. Olabisi Ayeni, Acting Deputy Director of Army PR, said all law-abiding citizens will be protected, with intelligence-led…
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NIGERIA, SAUDI ARABIA BOOST HAJJ & UMRAH PARTNERSHIP IN HISTORIC ABUJA MEETING
Historic first: Saudi Hajj Minister visits Nigeria! Nigeria and Saudi Arabia have reaffirmed their commitment to strengthening Hajj and Umrah cooperation during a historic high-level meeting in Abuja. The engagement saw the first-ever visit by a Saudi Hajj and Umrah Minister to Nigeria, marking a milestone in bilateral relations. The discussions focused on pilgrim welfare,…
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FG EYES 10BSCFD GAS PRODUCTION BY 2030
Nigeria ramps up gas output to power industrial growth, energy security, and economic prosperity. At the Nigeria International Energy Summit 2026 in Abuja, Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, revealed that Nigeria is targeting 10 billion standard cubic feet per day (BSCFD) of gas production by 2030, with domestic supply already…
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ENUGU, UNDP PARTNER TO BOOST EDUCATION, ENERGY & DIGITAL GROWTH
Milestone MoU aims to fast-track development and attract investments to Enugu State. The Enugu State Government and UNDP Nigeria have signed a Memorandum of Understanding (MoU) covering education, energy, trade, digital economy and more, linking the state to the UNDP Integrated Smart States Programme (ISSP). Speaking at the Government House ceremony, UNDP Resident Representative Ms.…
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RICE IMPORTS RISE, BUT EXPERTS TELL FARMERS: DON’T QUIT YET
With thousands of farmers facing losses, agriculture experts say the answer isn’t abandoning rice—but fixing what’s broken in the system. Agriculture experts have urged Nigerian rice farmers to keep cultivating despite the recent spike in rice imports, warning that mass exit from production could hurt food security in the long run. Their advice follows a…
