Nigerian businessman and philanthropist Tony Elumelu has announced a fresh round of 3,200 African entrepreneurs to receive funding under the Tony Elumelu Foundation (TEF) Entrepreneurship Programme, marking a major expansion of one of the continent’s largest private-sector-driven development initiatives. The announcement, made on Sunday, March 22, in his annual birthday message, coincides with the unveiling …
As the Dangote Group moves closer to listing its refinery on the Nigerian Exchange Limited (NGX), anticipation is building across Nigeria’s capital market, with investors weighing what many describe as a transformative opportunity, tempered by lingering concerns. Market sentiment is already heating up, with widespread retail and institutional interest. Many Nigerians alike believe the listing …
Ahead of the 2027 governorship election, the Lagos For Prosperity Group (LPG) has endorsed Prince Adelaja Adeoye, popularly known as Laja Adeoye, as its preferred candidate to lead Lagos State. This endorsement marks an early but significant development in the race for Alausa, positioning Adeoye as a formidable contender challenging the long-standing APC dominance in …
Dangote Refinery has again raised its ex-depot price of fuel as crude oil surges above $110 per barrel in the international market. The continuous increase in prices signals more pressure in Nigeria’s fuel market. The 650,000 barrels per day refinery announced an increase in its ex-depot price of Premium Motor Spirit (PMS), also known as …
Emerging Nigerian artists take centre stage as the group exhibition Wake Up! opens Saturday, March 21, 2026, at Angels & Muse in Ikoyi. The exhibition will feature photography, digital art, and painting from eight artists, including Ade(To)Juwon Anthony Adeniyi, Franklyn Okoye, Charles Lasisi, Ajilore Kehinde, Chuka Onwordi, Joshua Bakare, Lohi Simone, and curator Awele Onwordi. …
President Bola Tinubu’s recent state visit to the United Kingdom delivered about $1.5 billion in deals and strengthened diplomatic ties, but fell short of translating into clear benefits for Nigerian businesses, according to the Alliance for Economic Research and Ethics LTDGTE. In a statement on Friday, 20 March, by its Chairman, Dele Oye, the organisation …
The recent appreciation of the naira is reshaping Nigeria’s economy, reducing costs for importers while cutting earnings for exporters, households receiving remittances, and government revenues. When President Bola Ahmed Tinubu took office in May 2023, the naira traded around ₦463/$ under a controlled system run by the Central Bank of Nigeria (CBN). In June 2023, …
The ongoing escalation of the crisis in the Middle East, specifically the conflict involving the U.S., Israel, and Iran, has pushed Brent crude prices above $100 per barrel. While this exceeds Nigeria’s budget benchmark of $64.85 per barrel, several structural and economic factors suggest the country may not fully reap the rewards of this surge. …
As the crescent moon ushered in the 2026 Eid-el-Fitr celebration on Friday, March 20, millions of Nigerian Muslims gathered at prayer grounds across the country, but behind the vibrant displays of traditional Baban riga and Iro ati Buba, a sobering reality shadowed the festivities. There is a sharp resurgence in food prices that has left …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is conducting an investigation into the gas bubbling incident within the OML 18 area in Bille Community, Rivers State. It urged residents to remain calm and await the outcome of the findings. The Commission empathised with the community and acknowledged the concerns that the unfortunate development …
