Kogi State Governor Usman Ododo has said the Ajaokuta Economic City will be fully operational by the end of 2026. He made the statement during the historic handover of the licence for the Ajaokuta Free Trade Zone at the Nigeria Export Processing Zones Authority (NEPZA) headquarters in Abuja on Thursday, February 26. Governor Ododo described …
For more than a decade, Nigeria’s small and medium-scale enterprises (SMEs), the country’s largest employers and backbone of the real economy, have remained largely excluded from formal bank financing, despite repeated policy pledges to support them. An analysis of the Central Bank of Nigeria (CBN) Statistical Bulletin covering 2014 to 2023 reveals a troubling reality: …
BUA Cement Plc has announced a $240 million investment to build a new 3-million-tonne-per-annum cement line in Sokoto, signaling its commitment to expanding production capacity and supporting West Africa’s infrastructure growth. The project, in partnership with Chinese engineering firm CBMI, will raise BUA Cement’s total annual output to 20 million tonnes, strengthening its position as …
Nigeria’s digital economy faces a growing threat from a shortage of skilled manpower, putting an estimated $11 billion in annual industry revenue at risk. Experts warn that the skills gap also threatens Nigeria’s goal to increase the Information and Communication Technology (ICT) sector’s contribution to Gross Domestic Product (GDP) to 21 per cent by 2027. …
The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has formally assumed office, promising to implement robust reforms to boost activities in the upstream oil and gas sector in the country. Eyesan, who assumed office on Tuesday, December 23, pledged to work in line with the mandate of …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing Round, with a target of attracting up to $10 billion in investments. The Commission has officially opened the 2025 licensing Round Portal - http://br2025.nuprc.gov.ng for entries by potential investors. Pinnacle Daily had reported that the upstream regulator announced plans to commence the …
Bitcoin’s latest pullback has become the deepest correction of the entire bull cycle, and sentiment just hit rock-bottom panic levels. BTC $92,093 suffered a 26.7% drawdown on Monday, surpassing April’s 26.5% decline and officially becoming the most severe correction of the current market cycle. Multiple indicators are flashing red, yet the overwhelming fear may be …
Nigeria has officially stepped onto the global stage as a strategic hub for rare earth minerals with the groundbreaking of Hasetins Group’s US$400 million rare earth and critical metals processing plant in Uke Karu Local Government Area, Nasarawa State. Set to become Africa’s largest hybrid rare earth facility, the plant will double Nigeria’s existing production …
As Côte d’Ivoire prepares for President Alassane Ouattara’s fourth term in office, the nation finds itself at a defining crossroads. On one hand, it is celebrated across the continent as an economic success story, a country that has managed to sustain robust and uninterrupted growth for more than a decade. On the other hand, deep …
Every December, Lagos transforms into a magnetic cultural phenomenon a city pulsing with rhythm, reunion, and revelry. It is the season when Nigerians from across the diaspora, popularly known as IJGBs (“I Just Got Backs”), return to the city for what has become an annual pilgrimage of fun, nostalgia, and self-expression. These returnees arrive …
