News

Macroeconomic and political uncertainties make African real estate unattractive for foreign investments, according to a report by Estate Intel. It noted that the dwindling macroeconomic indicators may affect African real...

Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s...

In the aftermath of the recent Ibadan explosion, Governor Seyi Makinde has declared that approximately 230 structures in the Oyo State capital underwent thorough structural integrity assessments. The primary objective...

The Nigerian National Petroleum Company Limited (NNPCL) has announced its plan to deploy the $3.3 billion loan secured from the African Export-Import Bank for various purposes. The funds will meet...

Unilever Nigeria Plc has announced the cessation of production and sale of its home care and skin cleansing products, including popular brands like Omo, Sunlight, and Lux. This revelation was...

The Small and Medium Enterprises Development Agency of Nigeria will spend a total sum of N6.2bn on the purchase of motorcycles and tricycles as empowerment programmes for Nigerian youths and...

The Nigeria Civil Aviation Authority has said it will spend N8.3bn on transportation and travels in 2024. The agency disclosed this in the Government-Owned Enterprises budget proposal submitted to President...

The World Bank estimates that improved access to Internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania. The bank disclosed...

The cost of powering Nigeria’s communications network rose by 34.57 per cent to N429.43bn in 2023 as diesel prices soared. In 2023, telecommunication companies spent about N429.43bn on fueling base...

Unilever Nigeria has concluded a remarkable year with a 51% surge in turnover, reaching an impressive N97.4 billion by the close of December 2023, compared to the N64.6 billion recorded...