The Ministerial Group for Industrial Development has approved three major private free zone industrial projects worth over $216.5 million, expected to generate more than 15,000 direct jobs across key manufacturing …
Economy
- AfricaBusinessDevelopmentEconomyManufacturing
- AgricultureEconomyFood ProductionMarketsNigeriaSecurity
Lagos Poultry Association to Launch Direct Sales in LGAs, Eyes N1,000 Crate Reduction in Egg Prices
In a move aimed at reducing the cost of eggs and other poultry products in Lagos State, the Poultry Association of Nigeria (PAN), Lagos chapter, has announced plans to establish …
- EconomyEnergyInfrastructureNatural ResourcesOil & Gas
NNPC Limited Records N4.571tn Revenue in June 2025, Boosted by Crude Oil and Gas Production Growth
The Nigerian National Petroleum Company Limited (NNPC Limited) has reported a total revenue of N4.571 trillion for the month of June 2025, maintaining its upward revenue trajectory amid steady increases …
- EconomyELECTRICITYEnergyGOVERNMENTInfrastructure
States Move to Slash Electricity Tariffs Despite Gencos,
More Nigerian states have joined Enugu State in announcing plans to reduce electricity tariffs within their territories following the new order issued by the Enugu Electricity Regulatory Commission (EERC) that …
- BusinessEconomyFinance & ServicesInfrastructureINVESTMENTMarkets
Craneburg EKSG Motorway Company Lists N32.5bn 20-Year Infrastructure Bond
Craneburg EKSG Motorway Company Plc has officially listed its N32.5 billion, 20-year, 22 per cent senior guaranteed fixed-rate infrastructure bond on the Nigerian Exchange Limited (NGX). The bond was admitted …
- BusinessEconomyEnergyInfrastructureINVESTMENTTrade and Commerce
UK Businesses Eye Nigeria, Africa for Strategic Growth Amid Mineral Wealth, Reforms
British businesses are showing growing interest in Nigeria and other African countries as the continent becomes a key target for international investments. This development is driven by Africa’s vast mineral …
- Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
Union Bank Promotes 24% of Staff in Largest Promotion Exercise in a Decade
Union Bank of Nigeria Plc has promoted about 24 percent of its workforce following the conclusion of its annual staff assessment and performance evaluation exercise. The bank made this known …
- AfricaAFRICA NEWSEconomyFinance & ServicesTrade and Commerce
Algeria Tightens Controls to Curb Capital Flight and Import Fraud
Met with a growing loss of foreign currency and mounting pressure on its economy, the Algerian government has intensified its crackdown on fraudulent import practices that have long drained its …
- DevelopmentEconomyInternational RelationsPoliticsTrade and Commerce
G20 Finance Talks Strained by US Absence and Trade Tensions
As top finance ministers from around the world gather at a beachside resort in South Africa for the G20 summit, the host nation is struggling to keep its agenda on …
- Banking, Finance & InvestmentEconomyEvents
BoG Governor Urges Ghanaians to Use Cedi, Reject Dollar Payments
The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has called on all Ghanaians to support efforts aimed at protecting the cedi, Ghana’s only legal currency. He …