Business and economic news
House lawmakers are probing the Rural Electrification Agency over billions in solar allocations and foreign-backed financing, demanding procurement, audit and contractor records to verify what projects are working and where accountability gaps remain.
Searches for “OctaFX scam” often increase after retail traders experience losses, delayed withdrawals, or unexpected account pressure during volatile sessions. But market analysts say frustration after a bad trade should
Industry leaders at Martech Africa 3.0 in Lagos urged startups to adopt affordable marketing technology for customer acquisition, retention and long-term revenue growth in Nigeria’s competitive market.
Chowdeck has partnered with MyCoverGenius to place over 20,000 riders on personal accident insurance, with cover for medical costs and temporary disability as Nigeria’s delivery market expands.
Governor Alex Otti said Abia will prioritise projects residents can feel directly, as the state begins Enyimba Hotel reconstruction and advances wider infrastructure renewal in Aba.
Following Transgrid Enerco’s move to acquire controlling shares in Eko Disco, new chairman Olubunmi Peters has begun high-level engagements as Lagos residents and businesses await visible power supply improvements.
Sahara Group has launched M.A.D With Football 5.0 to connect employees across regions, saying the programme supports inclusion, collaboration and its One-Sahara workplace culture.
Hundreds of Nigerians are stranded as Middle East airspace closures force widespread cancellations on Gulf carriers and disrupt business travel plans.
Petroleum marketers say Nigerians should expect a fresh rise in pump prices after Dangote Refinery increased its gantry rate, linking the adjustment to escalating Middle East hostilities and pressure on global oil supply.
Dangote Cement posted N1.53 trillion pre-tax profit in 2025, with revenue growth, higher exports and a proposed N45 dividend supporting a strong year-end result.
Women in Energy Network says structural barriers and limited bankable contracts are holding back use of a $40 million intervention fund for female-led energy firms.
CBN Governor Olayemi Cardoso said Nigeria’s net FX reserves rose to $34.80 billion in 2025 from $3.99 billion in 2023, while gross reserves also improved, reflecting tighter FX management and external sector reforms.
