Business is war.
Nigeria set standard rates for homes built through the Renewed Hope Housing Programme that range from 8.5 million to 12.5 million naira based on bedroom count. Housing Minister Ahmed Dangiwa said the uniform pricing promotes equal access for citizens regardless of geographic location while prioritizing civil servants and middle-income workers. One-bedroom units sell for 8.5…
Lagos officials opened Design Week on Wednesday to showcase African creativity and position the state as a global hub for art and commerce. The six-day festival runs through October 28 with exhibitions and installations across 20 local government areas that promote Nigerian architects and product designers. Commissioner Toke Benson-Awoyinka said the event celebrates young professionals…
United Bank for Africa installed solar power systems at 25 branches across five states through a partnership with Renewvia Solar Nigeria, which Norway’s ambassador opened on Tuesday at the Ikeja location. The renewable energy project receives backing from Nordic investors Empower New Energy and delivers 152,000 kilowatt-hours monthly while cutting carbon emissions by 89,000 kilograms….
A Nigerian energy executive urged the government on Tuesday to repair an abandoned jet fuel pipeline that could reduce airline costs by 40 naira per liter. CITA Energies chairman Thomas Ogungbangbe said the 98-kilometer line from Atlas Cove to Lagos airport has remained underground since operations stopped in 1998. Restoring the infrastructure would eliminate 100…
Nigeria’s minister of marine economy pushed for increased domestic fish production, while Norway’s ambassador requested tax exemptions on imported stockfish. Adegboyega Oyetola outlined plans to expand aquaculture infrastructure and regulatory systems at a seafood trade seminar on Tuesday at Lagos Continental Hotel. Norwegian Ambassador Svien Baera asked President Bola Tinubu to eliminate import duties on…
Lagos State’s advertising regulatory body met with the assembly’s environmental committee members on Tuesday to review compliance standards and operational performance. Committee Chairman Shabi Rasheed Adekola praised the agency for maintaining organized signage systems across the city under Managing Director Prince Fatiu Akiolu. The lawmakers emphasized collaboration between government branches to deliver accountable public services…
Nigeria’s housing ministry will fund skills training programs next year after meeting with University of Uyo officials who seek partnerships to prepare workers for construction projects. Minister of State Yusuf Abdullahi Ata said the government plans to include the center’s requirements in the 2026 budget to support labor force development. Ambassador Ernest Essien from the…
The Nigeria Customs Service introduced a digital system on Tuesday that allows citizens to check import taxes and vehicle clearance records online. The platform eliminates document fraud and removes intermediaries who previously controlled access to customs information. Comptroller-General Adewale Adeniyi said the homegrown software replaces manual processes that enabled forgery and resulted in revenue losses…
Enko Capital closed its first fundraising round on Tuesday, securing $100 million from development banks and African investors to fund loans to medium-sized businesses. The asset manager targets $150 million for its private credit fund that provides dollar financing to established companies across sub-Saharan Africa. British International Investment and the International Finance Corporation led commitments…
Nigeria’s Petroleum Training Institute urged African nations on Friday to maintain oil production while developing cleaner extraction methods rather than abandoning fossil fuel reserves. Chief Executive Samuel Onoji said the continent holds 125 billion barrels of crude oil and 600 trillion cubic feet of natural gas, enough to meet global demand for decades. The Effurun-based…
