Nigeria

Press Release

Tech Unite Africa 5.0, Startup World Cup Nigeria & TIRA Awards: Innovation by Day, Celebration by Night

Lagos, Nigeria — On March 26, 2026, Africa’s most...

Business Africa

Aliko Dangote Unveils Expansion Into Steel, Power and Ports

Aliko Dangote, Africa’s richest man and president of the...

Business Africa

Nigeria’s Net Foreign Reserves Soar 772% to $34.8 Billion, Exceed Entire 2023 Gross Stock

Nigeria’s net foreign exchange reserves surged by 772 percent,...

Business Africa

Nigeria Divides OPL 245 Into Four Blocks Under New Deal With Eni and Shell

Nigeria has agreed to split the long-contested OPL 245...

Spotlight

Winifred Ogiugo Is Repositioning Nigerian Luxury Real Estate for Global Capital

Winifred Ogiugo is not building a brokerage. She is...

Luxury & Lifestyle

ISIMI Lagos: Nigeria’s Eco-Luxury Sanctuary Redefining Urban Living

Nestled in the tranquil expanse of Epe, ISIMI Lagos is emerging as West Africa’s most audacious vision of sustainable luxury. A project by LandWey Investment...

Business Africa

Aliko Dangote Retires as Chairman of Dangote Sugar Refinery After Two Decades

In a major leadership transition at one of Nigeria’s foremost manufacturing firms, Africa’s richest man, Aliko Dangote, has announced his retirement as Chairman of...

Business Africa

DisCos Fail to Recover ₦202 Billion in Power Bills Within Three Months

Nigeria’s electricity distribution companies (DisCos) are grappling with deepening revenue collection challenges, having failed to recover over ₦202 billion in electricity bills within the...

Business Africa

Firms Increase Investment as Naira Shows Signs of Stability

A wave of cautious optimism is sweeping through Nigeria’s business landscape as the naira maintains a relatively stable exchange rate, prompting companies to ramp...

Business Africa

MultiChoice Nigeria Loses 1.4 Million Subscribers Amid Sustained DStv Price Hikes

MultiChoice Nigeria has seen a steep drop in its subscriber base, losing over 1.4 million customers in the past two years, as consumers increasingly...

Business Africa

Omeife: Africa’s First Humanoid Robot Enters the Global Tech Spotlight

Blending artificial intelligence with African cultural expression, Omeife stands tall literally and symbolically as Africa’s first humanoid robot. Created by Nigeria’s Uniccon Group, the six-foot-tall...

Business Africa

Lease Controversy Rocks Rivers Port Terminal Concession

A growing controversy has engulfed the concession of Terminal B at the Rivers Port in Port Harcourt, as federal lawmakers and regulators intensify investigations...

Business Africa

Nigeria to Host Inaugural International Civil Service Conference, Aiming to Drive Public Sector Innovation

Nigeria is set to host the maiden edition of the International Civil Service Conference from June 25 to 27, 2025, in Abuja, in what...

Business Africa

Oando Plc Reports Robust FY 2024 Results, Reaffirming Leadership in Nigeria’s Energy Sector

Oando Plc has released its full-year 2024 financial results, showcasing a strong rebound in earnings and operational performance that signals renewed confidence in Nigeria’s...

Business Africa

Mauritius Investment Firm to Acquire 26% Stake in Nigerian E-waste Recycler Hinckley

In a significant boost for Nigeria's burgeoning e-waste recycling sector, uMunthu Investment Company II, a Mauritius-based private equity fund, is set to acquire a...

Business Africa

CBN Refutes Claims of Extended BDC Recapitalisation Deadline

The Central Bank of Nigeria (CBN) has firmly dismissed circulating reports suggesting that the deadline for Bureau De Change (BDC) operators to meet new...

Business Africa

Unstable Power Supply A Major Roadblock to Nigeria’s Tech Sector Growth, Says NACC Acting DG

Nigeria's aspirations to become a leading hub in the global technology landscape will remain unfulfilled without a consistent and stable power supply, according to...

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