Nigeria is making significant progress in geospatial technology to support smart cities and modern infrastructure development. The Surveyor-General of the Federation, Abdulganiyu Adebomehin, stated this during a one-day workshop on …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- DevelopmentGOVERNMENTInfrastructureInnovationTechnology
- Banking, Finance & InvestmentDevelopmentEconomyEducationFinance & Services
FG seeks fresh $10.50m W’Bank loan
Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …
The Foundation for a Better Environment (FABE) has trained over 30,000 students on environmental sustainability through its EcoSchoolsNG initiative, which started in 2016. The initiative aims to educate young Nigerians …
First City Monument Bank (FCMB) has reported a Profit Before Tax (PBT) of N111.9 billion for the financial year ending December 31, 2024. This was disclosed in a corporate statement …
- BusinessEconomyFinance & ServicesManufacturingMarkets
International Breweries’ loss extends to seventh year
International Breweries has recorded another year of losses, marking its seventh consecutive year in the red. The company’s audited financial report, filed on the Nigerian Exchange Limited on Thursday, showed …
- Business and EconomyDevelopmentInfrastructureNigeriaReal EstateWestern Africa
Wisdom Kwati Smart City to Commence Construction of Second Mega Estate in Yola
Wisdom Kwati Smart City has announced the commencement of construction on its second mega estate in Yola, Adamawa State. The project, named Brilliance Estate, is set to deliver over 15,000 …
- Business and EconomyEnergyEnvironmentInfrastructureMarketsOil & Gas
65% tank farms dormant due to fuel subsidy removal
The battle for dominance in Nigeria’s downstream oil sector has led to the closure of no fewer than 70 tank farms over the past two years, leaving many of these …
- Business InsightsDigital EconomyFinance & ServicesFintech
Remita champions AI adoption to unlock $434m fintech market
Remita, a pioneer in Nigeria’s payment solutions industry, has urged fintech companies to embrace Artificial Intelligence (AI) as a crucial tool for securing their share of the rapidly expanding digital …
- DevelopmentEconomyEducationGOVERNMENT
W’Bank lends Nigeria $1.08bn for education, nutrition, economic boost
The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …
- BusinessEconomyEnergyGOVERNMENTManufacturing & Consumer Goods
NNPCL raises petrol pump price to N950/litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N925 per litre in Lagos and N950 per litre in Abuja, following weeks of speculation …