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Blackout persists as Adelabu’s 6,000MW target misses three deadlines
When Adebayo Adelabu took office as Nigeria’s Minister of Power in August 2023, he promised that the country would reach 6,000 megawatts of electricity generation by the end of that year. He stated that the lights would come on. Nigerians, used to broken promises from a sector that has disappo...
Poultry farmers ditch pricey feeds for homemade blends
Nigerian poultry are increasingly opting to ditch commercial feed suppliers and switch to homemade blends, thereby cutting costs and boosting margins in a sector that has been battered by high input prices. Despite a 62.5 percent plunge in maize and soybean costs – key inputs in poultry feed formu...
Criminal cartels plunder telco towers across 14 states
Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batte...
Terrorists kill Army general, 24 others in renewed attacks on Kebbi, Borno
A wave of coordinated violence has once again swept across Nigeria’s northern landscape, claiming the life of a high-ranking military officer in Borno State and leaving a trail of carnage in a rural Kebbi community. The dual-theatre offensive underscores the persistent volatility of the security s...
US raises alarm on Nigeria, flags 23 states high risk
The security climate in Nigeria has taken a troubling turn as the United States Department of State authorised the departure of non-emergency government employees and their families from Abuja, citing an imminent and heightened risk of terrorist attacks. This move, which transitions the embassy’s ...
Nigeria’s tax overhaul tightens profit rules for insurers
Nigeria’s new tax rules are changing how insurance companies calculate their profits, closing gaps that previously reduced tax payments and raising fresh concerns about pricing, competition, and growth in an industry worth over N1.5 trillion in gross premiums. The changes, introduced under the Nig...
West Africa’s healthcare investment momentum builds as World Health Expo returns to Nigeria
Nigeria’s healthcare sector is undergoing rapid transformation, with forecasts predicting a 7.1 percent expansion and an anticipated market value of US$161.7 million by 2027. This growth is fuelled by a US$1.2 billion Federal Ministry investment in infrastructure and workforce, major oncology and ...
PowerLabs raises pre-seed funding to deploy AI energy platform across Nigeria
PowerLabs, a Nigerian energy and climate-tech startup, has raised a pre-seed round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures, to scale its AI-enabled energy orchestration platform, Pai Enterprise. The company said the funding will accelerate deplo...
Lagos drags tax defaulters to court over N1.6bn ahead of filing deadline
As the deadline for filing annual tax returns approaches, the Lagos State Government has intensified enforcement, dragging dozens of individuals and companies before the state’s Revenue Court over unpaid tax liabilities exceeding N1.6 billion. The action comes following an earlier extension grante...
Chams declares N270m in final dividend payout to shareholders
Chams Holding Company Plc has declared N270 million in final dividend to shareholders for the fiscal year ended December 31, 2025. In a corporate announcement on Thursday, the Nigerian-based technology provider disclosed that a final dividend of N0.03 for every share of 50 kobo each, subject to appr...
A day with the ‘tiny priests’ of the Priesthood Orphanage
The Mayor of Housing is a very busy man, hard to track down, as he is meeting with the busiest men and women and on call with industry leaders in most state capitals and countries. On this Easter Sunday, however, My-ACE China, the Mayor of Housing, was traced to Plot 11 Miracle Estate, Girl School [...
Rivers State University targets N110bn in 5-year strategic development plan
…Deep study reveals how to take RSU to top 10 Nigerian universities …Focus to be on research, innovation, and entrepreneurship The Rivers State University (RSU), Nkpolu-Oroworukwo, Port Harcourt, formerly the University of Science and Technology (UST), has unveiled a new vision that may require ...
FTSE frontier upgrade ignites Seplat, GTCO, Zenith rally
The Nigerian equities market has entered a new era of expansion, propelled by a return of global institutional confidence. Leading the charge are heavyweights such as Seplat, GTCO, and Zenith Bank, whose recent rallies have pushed the Nigerian Exchange (NGX) to historic heights. The catalyst for the...
Lower petrol prices imminent as global oil prices plunge 15%
…Dangote reduces petrol to N1,200 Nigerian motorists bracing for another round of fuel price hikes may finally catch a break as Brent, the benchmark for Nigerian crude, plunged more than 15 percent to below $95 per barrel on Wednesday. This development followed President Donald Trump’s a...
Experts link N135bn litigation to weak electoral integrity
…raises doubts about credibility despite increased INEC funding The federal government’s decision to set aside N135.22bn in the 2026 budget for post-election litigation has triggered sharp reactions from political stakeholders and analysts, who warn that the provision not only places an addi...
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