FSD Africa Investments (FSDAi), a UK-backed development finance institution, has committed £10 million to the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) as part of efforts to unlock Nigerian …
Economy
- DevelopmentEconomyFinance & ServicesInfrastructureNigeria
- EconomyFinance & ServicesGOVERNMENTInfrastructure
Ondo Govt Eyes Pension Funds for Infrastructure Projects
Governor Lucky Aiyedatiwa of Ondo State says his administration is actively exploring ways to channel pension funds into infrastructure development, as part of a broader plan to stimulate economic growth …
- BusinessEconomyEnergyTrade and Commerce
Dangote Refinery Price Strategy Sparks New Fuel Import Wave in Nigeria
The recent pricing strategy of Dangote Petroleum Refinery has come under the spotlight, as industry analysts reveal that its pricing model is now encouraging fresh importation of petrol into Nigeria. …
- EconomyGOVERNMENT
Abuja and Kogi State Receive Thousands of Rice Bags from Dangote Foundation to Help the Poor
The Aliko Dangote Foundation (ADF) has donated thousands of bags of rice to the Federal Capital Territory (FCT), Abuja, and Kogi State as part of its N16 billion Annual National …
- EconomyGOVERNMENTInfrastructureNigeria
NDPHC Says It Has Spent Over N500bn on Power Transmission Projects Nationwide
The Niger Delta Power Holding Company (NDPHC) has revealed that it has invested more than N500 billion in power transmission infrastructure across Nigeria. This was disclosed by the Managing Director …
- BusinessEconomyINVESTMENTManufacturing
Guala Closures Opens New Factory in Lagos Free Zone to Serve West Africa
Guala Closures, a top international company known for making bottle closures for drinks and edible oil, has opened a new factory in Nigeria. The new manufacturing plant is located in …
- CrimeEconomyGOVERNMENTSecurityTrade and Commerce
Customs Intercepts N1bn Worth of Contraband in South-East
The Nigeria Customs Service, Federal Operations Unit, Zone C, Owerri, says it has seized smuggled goods worth over N1 billion in duty-paid value between March 20, 2025, and now. The …
- BusinessEconomyFinance & ServicesMarkets
Nigerian Breweries Bounces Back, Records N44.6bn Profit in Q1 2025
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsTechnology
Experts Applaud Nigeria’s New Investment and Securities Act as a Game-Changer for Digital Economy
Experts, investors, and government officials have thrown their weight behind the newly signed Investment and Securities Act 2025, calling it a major breakthrough for Nigeria’s digital economy. The new law, …
- BusinessDevelopmentEconomyGOVERNMENTPolicies
Nigerian Business and Government Leaders Push for Urgent Action on SDGs
Top leaders from Nigeria’s private sector, development partners, and government have come together to push for faster action to meet the Sustainable Development Goals (SDGs) before the 2030 deadline. The …