Dangote Targets Steel, Power, Ports In New Industrial Push
Aliko Dangote has announced plans to expand his business empire into steel production, electricity generation and port development. The move is part of a wider strategy to speed up industrial growth across Africa and reduce reliance on imports. His Dangote Petroleum Refinery & Petrochemicals is already producing about 650,000 barrels of refined products daily. He […]
Naira records highest single-day depreciation against US dollar
The Nigerian Naira fell sharply against the US dollar on Monday, marking its largest single-day depreciation this year. At the official exchange rate, the currency dropped to N1,378.03 per dollar, down from N1,363.39 on Friday. In the black market, the Naira also weakened, closing at N1,380 per dollar, down N5 from last week, narrowing the […]
21 vessels discharge fuel, food items at Lagos ports – NPA
The Nigerian Ports Authority has announced that 21 vessels are currently discharging fuel and food supplies at major Lagos ports. In its latest shipping bulletin, the agency confirmed that operations are ongoing at Apapa Port, Tin Can Island Port and Lekki Deep Sea Port. The ships are delivering aviation fuel, petrol, diesel, bulk gas and […]
Trump Asks Congress to Codify His Drug Price Policy Into Law
President Donald Trump on Tuesday called on Congress to enshrine his prescription drug pricing initiative into federal law, elevating health care reform as a centerpiece of his State of the Union address and setting up a potential bipartisan debate on Capitol Hill. During his address to a joint session of Congress, Trump urged lawmakers to […]
Trump Touts Economic Turnaround, Border Security Gains in First State of the Union of Second Term
WASHINGTON—Donald Trump on Feb. 24 delivered the first State of the Union address of his second term, outlining what he described as a historic economic turnaround and reaffirming his administration’s America First agenda as the nation approaches the November midterm elections. Addressing a joint session of Congress, the president declared that his policies have driven […]
Businesswoman, Laura Ikeji Kanu, raises alarm over spike in cost of renting of business spaces in Lagos state
Beauty entrepreneur Laura Ikeji Kanu has raised concerns about the soaring cost of renting business spaces in Lagos State, warning it is forcing small and medium businesses to close. She urged the government to regulate rents or provide financial support for struggling business owners. In a recent Instagram video, Ikeji Kanu revealed she currently pays […]
Grenada’s $2.4bn mega resort expands citizenship gateway for African investors –Optiva Capital Chairman
A $2.4 billion resort project in Grenada is progressing toward its 2027 launch, offering a new pathway to citizenship for African investors. The Grenada National Resort, backed by the government’s Citizenship by Investment Programme, allows qualified applicants to obtain a Grenadian passport with visa access to over 140 countries. Optiva Capital Partners says the development […]
FMN, France deepen trade ties at 2026 PIAS
Flour Mills of Nigeria (FMN) has strengthened trade ties with France at the 62nd Paris International Agricultural Show (PIAS) 2026. The company partnered with the French government to promote Nigerian-made products and expand global market access. The event, which runs from February 21 to March 1, attracts hundreds of thousands of visitors yearly. As a […]
Electricity crisis: S’East lost N28b in 3 months –SEECA
The South East Electricity Consumers Association (SEECA) says businesses in the South East lost over N28 billion in three months due to poor power supply. Its coordinator, Sebastine Okafor, made the claim in Enugu while urging governors to invest more in electricity generation. He described stable power as the quickest route to industrial growth in […]
DICON, Terra Industries seal pact to deepen local defence system manufacturing
Nigeria has moved to boost local defence production after the Defence Industries Corporation of Nigeria signed an MoU with Terra Industries to form a joint venture company. The agreement, backed by the DICON Act 2023, focuses on indigenous manufacturing and research in advanced military systems. Officials say it marks a new phase in reducing reliance […]