Skip to content
Nigerian agri-business firm signs $60m coffee development deal with Liberia
Nigerian agro-development company, JR Farm Group has signed a $60 million (about N81.6 billion) 20-year partnership deal on coffee production with the Liberian government. The agreement is expected to revitalise Liberia’s coffee sector, expand exports and benefit over 200,000 farmers,…
Over 1, 000 mini-grids under construction nationwide to expand access to electricity, says Tinubu
President Bola Tinubu has disclose that over 1,000 mini-grids are being developed across Nigeria as part of efforts to expand electricity access to underserved communities, universities, markets and hospitals. President Tinubu, in his Democracy Day broadcast, on Thursday, June 12, further…
Shell lists conditions for Nigeria to unlock economic potential in gas
Amid rising cost of the liquefied natural gas (LNG) and poor distribution network of the compressed natural gas (CNG), Shell Nigeria Gas (SNG) has listed conditions to be met in order for the country to unlock and fully realise potential of…
UN scribe appoints Nigeria’s Eziakonwa as Special Adviser on Africa
United Nations Secretary General, Mr. António Guterres, Friday, announced the appointment of Nigeria’s Ahunna Eziakonwa as his Special Adviser on Africa. Eziakonwa succeeds Ms Cristina Duarte of the Republic of Cabo Verde in the advisory position. The newly-appointed adviser possesses nearly…
CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
NGX’s ASI climbs by 0.27%, as PMI rises to 54.1% in May
Nigerian Exchange (NGX) All-Share index edged up 0.27 per cent amid decreasing liquidity, just as the Purchasing Managers’ Index (PMI) jumped to 54.1 all in May 2026, according to the Exchange and StanbicIBTC reports. According to the NGX report covering up…
TETFund awards N7.5bn in grants to 174 research teams nationwide
Federal Government, through the Tertiary Education Trust Fund (TETFund), has awarded N7.5 billion in grants to 174 research teams across tertiary institutions in Nigeria to address national development needs. Making the disclosure, while announcing the outcome of the 2025 National Research…
First batch of evacuees return from South Africa, three more expected
Following the June 30 deadline given to all African migrants to leave South Africa by violent groups in that country, the Nigerian government has completed the evacuation of the first batch of arrivals, even as deadly xenophobic attacks continue unabated…
Elon Musk becomes world’s first trillionaire, as successful SpaceX IPO shoots net worth above $1.1trn
South African-born tech magnate, Mr Elin Musk has (on paper) become the world’s first trillionaire. The feat follows the businessman’s initial public offering (IPO) of his company, SpaceX’s shares soaring his net worth when it hit the stock market. The…
Bonny Terminal leads production streams, as Nigeria surpasses OPEC crude oil quota in May
Nigeria’s crude oil output surpassed its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, as the Bonny Terminal led production streams, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The development saw the…
