The Federal Government has commissioned Nigeria’s first Mini-grid Simulation and Standardisation Centre, a $150,000 facility aimed at regulating the quality of solar components and promoting local manufacturing of renewable energy …
Economy
- EconomyEnergyGOVERNMENTInfrastructureInternational RelationsNigeriaTechnology
The Manufacturers Association of Nigeria (MAN) has endorsed the Ogun State Government’s approach to plastic waste management, describing its ‘Blue Box’ and ‘Plastics for Cash’ initiatives as forward-thinking and economically …
- DevelopmentEconomyEnergyEnvironmentGOVERNMENTNigeriaOil & GasPolicies
NUPRC Generates N28.11bn from Oil Licence Fees in Five Months
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of N28.11 billion in miscellaneous oil revenue between January and May 2025. This amount, which was fully remitted to …
- BusinessEconomyEnvironmentFinance & ServicesLeadershipNewsNigeria
Unilever Nigeria Appoints Ibrahim Sodipe as Executive Director
Unilever Nigeria Plc has appointed Ibrahim Sodipe as its new Executive Director, effective July 1, 2025. The company announced this appointment in a statement released to the Nigerian Exchange Limited, …
- AgricultureBusinessEconomyTOGOWestern Africa
Togo Targets Cotton Revival Amid Falling Yields and Farmer Exodus
Togo is making a bold attempt to revive its cotton sector, which has seen years of steady decline. The country is aiming to produce over 92,500 tons of seed cotton …
- Banking, Finance & InvestmentEconomyFinance & ServicesKenyaPolicies
Kenyan Banks Cut Lending Rates as Central Bank Eases Monetary Policy
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
- BusinessEconomyKenyaTechnologyTelecommunications
Telkom Kenya Battles for Survival Amid Rising Competition and Fading Market Presence
Telkom Kenya, once a trailblazer in the country’s telecommunications industry, is now facing a steep decline in market relevance as it struggles to keep pace with dominant rivals Safaricom and …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesInternational RelationsMarketsNigeria
GTCO to Raise $100m via London Stock Exchange to Meet CBN Capital Rule
Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
- Banking, Finance & InvestmentEconomyFinance & ServicesINVESTMENTNigeriaPolicies
Foreign Investor Backs Nigeria’s Economic Reforms as IMF, CBN Hail Progress
Veteran Asia-Pacific investor and founder of the Research Alpha fund, Michael McGaughy, has praised the economic reforms introduced by the Central Bank of Nigeria and President Bola Tinubu’s administration, describing …
- EconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Royal Exchange Posts N496.8m Profit Amid Lower Earnings
Royal Exchange Plc, a key player in Nigeria’s insurance and financial services sector, has reported a profit after tax of N496.8 million for the financial year ended March 31, 2025. …