Economy

The British American Tobacco Nigeria Foundation (BATNF) has launched a new agricultural development initiative, the Sustainable Development of Maize Micro-Enterprise Farmers Project, aimed at empowering over 100 smallholder maize farmers …

Global ride-hailing company, inDrive, has introduced a new initiative in Abuja that reduces its commission to just 0.1% for drivers during peak hours. The move, announced by the company on …

The $1.5 billion Lekki Deep Seaport is looking to more than double its cargo handling operations by the end of 2025, aiming for 500,000 Twenty-foot Equivalent Units (TEUs) after processing …

Nigeria has stepped up its efforts to secure a seat on the International Maritime Organization (IMO) Council as the Minister of Marine and Blue Economy, Adegboyega Oyetola, launched a high-level …

The United Bank for Africa (UBA) Group has restated its commitment to expanding its pan-African presence as it continues to grow beyond Nigerian borders. This came during the Group’s Half-Year …

The German Government, in partnership with the United Nations Children’s Fund (UNICEF) and the World Food Programme (WFP), has launched a €20 million project aimed at boosting resilience and improving …

The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …

Wema Bank has announced a N2 million business grant targeted at empowering women entrepreneurs in Nigeria. The grant will be issued through its women-focused platform, SARA by Wema, in collaboration …

An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …

The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …