Business Technology

FG launches 90,000km fibre optic network to boost connectivity nationwide

Promise Eze 9 August 2025 0

The federal government has launched a 90,000-kilometre fibre optic network, known as Project Bridge, to accelerate broadband connectivity across the country. Bosun Tijani, minister of communications, innovation and digital economy, announced the completion of the project on Friday at a

Business

Air Peace lost $2m to Tunisian firm, says Allen Onyema

Promise Eze 8 August 2025 0

Allen Onyema, chief executive officer of Air Peace, says the airline lost $2 million to a Tunisia-based leasing company but chose not to pursue legal action to safeguard Nigeria’s reputation in the global aviation industry. Speaking on Thursday at the 29th annual conference of the League of Airport and Aviation Correspondents in Lagos, Onyema said […]

Business

‘Fly Kwam1 and lose your license’ – Keyamo warns local, international airlines

Awwal Owolabi 7 August 2025 0

Festus Keyamo, minister of aviation and aerospace development, has warned all local and international airlines against flying Fuji musician Wasiu Ayinde for the duration of his ban. Keyamo made the statement on Thursday following Wasiu Ayinde’s altercation with the crew of a ValueJet aircraft on Tuesday at the Nnamdi Azikiwe International Airport, Abuja. Wasiu Ayinde, […]

Business

Benue to inaugurate three factories, eyes 1,500 jobs for youths

Promise Eze 7 August 2025 0

The Benue Investment and Property Company Limited (BIPC) is set to inaugurate three factories in October 2025, with the potential to create over 1,500 jobs for youths in the state. According to Punch, the Group Managing Director of BIPC, Dr Raymond Asemakaha, disclosed this to journalists in Makurdi, the state capital, on Thursday. The factories, […]

Business

United Nigeria airlines, Medplus partner to offer discounted flights, wellness incentives

Dooyum Naadzenga 7 August 2025 0

United Nigeria Airlines (UNA) has entered into a strategic partnership with Medplus, a leading health and wellness retail chain, to enhance customer experience across the aviation and pharmaceutical sectors. The collaboration will offer Medplus customers exclusive access to discounted fares on UNA’s flight network, alongside tailored wellness incentives, creating an

Business

‘We must produce’ — FG to unveil new policy to drive local manufacturing

Promise Eze 7 August 2025 0

The federal government is finalising a new Nigerian Industrial Policy to reduce the country’s dependence on imported goods and strengthen local manufacturing. According to Nairametrics, Minister of State for Industry, Trade and Investment, John Owan Enoh, made this known on Wednesday at the 2025 Nigerian Manufacturing & Equipment/Raw Materials Expo in Lagos. The

Business Top Stories

Nigeria’s capital inflows hit $5.6bn in Q1 — but 92% came from short-term investment

Promise Eze 5 August 2025 0

Nigeria recorded a sharp rise in capital inflows in the first quarter of 2025 — but most of the money came from short-term investments. A review by Daily Times shows that the bulk of the capital was not in the form of long-term commitments that could support broader economic growth. According to the latest report […]

News Power & Energy

Adelabu: Nigerians will enjoy 24-hour power before end of Tinubu’s tenure

Awwal Owolabi 4 August 2025 0

Bayo Adelabu, the minister of power, has promised Nigerians a 24-hour electricity supply before the end of the Tinubu-led administration. Adelabu made this statement at the commissioning of the Kwaru 1X15 megavolt-amperes (MVA) 33/11 kilovolt (KV) injection substation in the Ikotun-Egbe suburb of Lagos State. At the event, the minister reiterated the president’s vision of

Business

Keyamo defends N712bn Lagos airport project, says terminal is “decrepit and smelly”

Promise Eze 4 August 2025 0

Festus Keyamo, minister of aviation and aerospace development, has defended the federal government’s plan to remodel Terminal One of the Murtala Muhammed International Airport in Lagos with N712 billion, saying the aim is to meet global aviation standards. Appearing on Channels Television’s Sunday Politics, Keyamo described the existing terminal, built over 40 years ago,

Agriculture Business

Oyo launches $37m agro-processing zone to boost agribusiness, job creation

Ihesiulo Grace 1 August 2025 0

The Oyo state government says 3,000 hectares of land have been set aside at the Ijaiye Farm Settlement for the development of a Special Agro-Industrial Processing Zone (SAPZ) and an international wholesale food market modelled after Rungis in France. The projects, backed by the African Development Bank (AfDB), are expected to drive value addition, reduce […]

Business

MAN urges manufacturers to embrace alternative funding amid soaring lending rates

Motolani Oseni 1 August 2025 0

The Manufacturers Association of Nigeria (MAN), Ogun state branch, has advised manufacturers to explore alternative funding sources as high interest rates and macroeconomic pressures continue to constrain access to credit. George Onafowokan, chairman of the Ogun chapter of MAN, gave the advice at the association’s 40th Annual General Meeting held in Abeokuta. Themed

Business

Pension assets hit N24.63trn in June — domestic stocks, FGN bonds drive growth

Motolani Oseni 1 August 2025 0

Nigeria’s pension fund assets rose to N24.63 trillion in June 2025, reflecting continued investor confidence and strategic shifts in portfolio allocation, according to the National Pension Commission (PenCom). The figure represents a 2.17 percent increase from N24.11 trillion in May, and a year-on-year growth of 20.24 percent. The uptrend was largely driven by increased

Business Top Stories

Oil marketers warn Dangote against bypassing distribution chain, cite risk of scarcity

Tunde Opalana 1 August 2025 0

The Nigeria Oil and Gas Suppliers Association (NOGASA) has urged Dangote Refinery to shelve plans to distribute petroleum products directly to filling stations without involving licensed marketers. The association warned that bypassing traditional distribution channels could trigger fuel scarcity, job losses, and instability across the downstream oil sector. Bennett Korie,

Business

‘NIN data now in your hands’ — NIMC moves telcos to new secure verification platform

Msugh Ityokura 31 July 2025 0

The National Identity Management Commission (NIMC) says it has completed the migration of all telecommunications companies in Nigeria to its upgraded identity verification platform known as NINAuth. This development, according to the commission, represents a major leap in strengthening data security and giving Nigerians more control over their digital identities. In a

Business Top Stories

Ojulari: Port Harcourt refinery not for sale, early operation plan ‘ill-informed’

Vincent Afolabi 30 July 2025 0

Bayo Ojulari, group chief executive officer of the Nigerian National Petroleum Company (NNPC) Limited, says the Port Harcourt Refining Company will not be sold—despite speculation following his recent remarks at an international forum. According to the statement released by the company during its ‘wide town hall’ at NNPC Towers in Abuja on Tuesday, Ojulari said

Business

Rebased GDP shows industry lagging — MAN urges FG to prioritise manufacturing

Promise Eze 29 July 2025 0

The Manufacturers Association of Nigeria (MAN) has urged the federal government to prioritise industrialisation and structural reforms, saying Nigeria’s newly rebased Gross Domestic Product (GDP) does not reflect genuine economic progress. Segun Ajayi-Kadri, director general of MAN, said while recent GDP figures show signs of recovery, policymakers must resist the

Business

PoS transactions triple by 209% to N10.45trn in Q1 2025

Promise Eze 29 July 2025 0

Point-of-sale (PoS) transactions in Nigeria jumped to N10.45 trillion in the first quarter of 2025, more than tripling the N3.62 trillion recorded in the same period of 2024. The latest figures, released by the Nigeria Inter-Bank Settlement System (NIBSS), show a 209 percent year-on-year surge—driven by rising adoption of electronic payments and a wider distribution […]

Business News

Shettima: Nigeria deploying AI, satellites to tackle food crisis

Ihesiulo Grace 28 July 2025 0

Kashim Shettima, Vice-President of Nigeria, says the country is deploying modern technology—including artificial intelligence, geospatial analytics and satellite-based climate tools—to transform agriculture and tackle hunger. Shettima spoke on Monday in Addis Ababa, Ethiopia, during the United Nations Food Systems Summit Stocktake (UNFSS+4), where African leaders made a

Business Top Stories

“Abuja is no longer safe” — SBM Intelligence raises alarm over capital’s slide into violence

Vincent Afolabi 28 July 2025 0

SB Morgen Intelligence (SBM) has warned that Nigeria’s capital, Abuja, is rapidly losing its reputation as a safe zone, as terrorists, gunmen, and kidnappers shift focus to the city once considered the country’s most secure. In its latest security briefing, SBM painted a grim picture of Abuja’s deteriorating security architecture, especially in light of the […]

Business Top Stories

Rewane to FG: GDP growth means nothing if people remain poor

Promise Eze 27 July 2025 0

Bismarck Rewane, economist and chief executive of Financial Derivatives Company, has advised Nigerian policymakers to shift focus from positive economic indicators to policies that improve the lives of ordinary citizens. His comments follow recent data from the National Bureau of Statistics (NBS), which showed that Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in