Tolaram to acquire majority shares in Guinness Nigeria as Diageo exits
In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness...
SMEDAN, Sterling bank launch N5 billion single interest loan for small businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with Sterling Bank Ltd., launched a N5 billion...
Eko Disco upgrades feeders in Festac, Falomo, VGC, others to Band A, downgrades others to Band B
The Eko Electricity Distribution Company (EKEDC) has announced the upgrade and downgrade of certain locations under its territory from Band...
NNPC denies report of N3.3 trillion inflated subsidy claims
The Nigerian National Petroleum Corporation Limited (NNPC) has denied reports in the media that it inflated subsidy claims by N3.3 trillion....
Bullish cocoa prices push Nigeria’s cocoa earnings by 279% in Q1, 2024
Nigeria’s cocoa earnings spiked by 279% in the first quarter of 2024 on the back of elevated cocoa prices during...
Top ten export destinations of Nigerian goods in Q1, 2024
In the first quarter of 2024, Nigeria’s total exports increased by 51% from N12.69 trillion in the preceding quarter (Q4,...
Nigeria’s food and beverage import bill rises by 30% to N1.59 trillion in Q1
Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59...
Governors’ Forum considers export, import of electricity between states
The Nigerian Governors’ Forum (NGF) is currently considering plans for states to be able to export or import electricity between...
Nigeria, Benin Republic agree on single-entry declaration form for border crossing
The Nigeria Customs Service (NCS) has announced that Nigeria and Benin Republic have reached an agreement to implement a single-entry...
FG targets 100% import substitution to drive local manufacturing in the power sector
The Minister of Power, Aebayo Adelabu has stated the federal government is targeting 100% import substitution as a measure to...
