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Lagos will experience a blackout as the Egbin power plant closes.
Posted inBusines

Lagos will experience a blackout as the Egbin power plant closes.

Power generation has significantly decreased, according to the Nigerian Independent System Operator (NISO). According to a statement, the shutdown of Egbin Power Station, the biggest electricity generating plant on the…
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Posted by admin May 1, 2026
LCCI: Manufacturers struggling with high costs and power issues
Posted inBusines

LCCI: Manufacturers struggling with high costs and power issues

Concerns about Nigeria's macroeconomic outlook were voiced yesterday by the Lagos Chamber of Commerce and Industry (LCCI), which cautioned that expansionary fiscal policies, growing public debt, and rising inflation could…
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Posted by admin May 1, 2026
Representatives order 11 Discos to reimburse N55.4 billion for the metering program’s failure.
Posted inBusines

Representatives order 11 Discos to reimburse N55.4 billion for the metering program’s failure.

Citing non-compliance and subpar performance, the House of Representatives has ordered 11 electricity distribution companies (DISCOs) to return N55.42 billion in loans they received under the National Mass Metering Programme…
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Posted by admin May 1, 2026
In Q1 2026, MTN reported N546 billion, a 169% increase.
Posted inBusines

In Q1 2026, MTN reported N546 billion, a 169% increase.

MTN Nigeria reported a pre-tax profit of N546.421 billion, up 169.64% year over year, in its unaudited financial results for the first quarter that concluded on March 31, 2026. The…
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Posted by admin May 1, 2026
The price of gasoline is approaching N1,400 per litre.
Posted inBusines

The price of gasoline is approaching N1,400 per litre.

Following the most recent price increase by the Dangote Refinery, the price of Premium Motor Spirit (PMS), also known as gasoline, is getting close to N1,400 per litre in a…
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Posted by admin May 1, 2026
Dangote remembers redeployed engineers and sets aviation fuel at N1,820 per litre.
Posted inBusines

Dangote remembers redeployed engineers and sets aviation fuel at N1,820 per litre.

Following the introduction of a new pricing benchmark by the Dangote Petroleum Refinery, which set the gantry price of aviation fuel (Jet A1) at N1,820 per litre, Nigeria's aviation industry…
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Posted by admin May 1, 2026
How to stop the yearly imports of 350 million litres of ethanol—Report
Posted inBusines

How to stop the yearly imports of 350 million litres of ethanol—Report

By utilising its abundant cassava resources and bolstering agro-industrial systems, Nigeria can reverse its estimated 300–350 million litres of ethanol imports annually, according to insights from the Nigeria Cassava Investment…
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Posted by admin May 1, 2026
The MD of Rite Foods is named “Industrialist of the Year.”
Posted inBusines

The MD of Rite Foods is named “Industrialist of the Year.”

Vanguard Media Limited has selected Seleem Adegunwa, Managing Director of Rite Foods Limited, Industrialist of the Year. This was given in appreciation of his audacious leadership, business acumen, and the…
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Posted by Taiwo Ayomide April 29, 2026
Comprehending China’s zero-tariff policy on products originating from fifty-three African nations
Posted inBusines

Comprehending China’s zero-tariff policy on products originating from fifty-three African nations

A well-known African proverb states, "There is no better mirror than a true friend." When evaluating the long-standing partnership between China and Africa, this adage is highly appropriate. This is…
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Posted by Taiwo Ayomide April 29, 2026
FCC opens a website to track MDA hiring
Posted inBusines

FCC opens a website to track MDA hiring

To improve accountability, transparency, and compliance monitoring throughout more than 700 Ministries, Departments, and Agencies (MDAs), the Federal Character Commission (FCC) has introduced a new website and integrated digital platform.…
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Posted by Taiwo Ayomide April 29, 2026

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