Business

Nigeria has established the Talent Accelerator Network to enhance workforce capabilities and bridge productivity deficiencies while advancing digital transformation across the economy. Industry Minister Jumoke Oduwole characterized the platform as connecting policy frameworks with educational institutions and business sectors to drive employment readiness and economic expansion. Education Minister Maruf Alausa emphasized aligning vocational programs with…

President Bola Ahmed Tinubu has commissioned Africa’s largest fiber optic cable manufacturing plant and the continent’s first fiber-reinforced plastic production facility in Sagamu, with the capacity to manufacture nine million kilometers of cable annually while processing 13,000 tons of copper and aluminum monthly. Communications Minister Bosun Tijani indicated the government’s 90,000-kilometer national fiber deployment will…

Nigeria is prioritizing domestically developed technologies to drive national development and address local challenges through science-based solutions, according to Innovation Minister Kingsley Udeh. The government is advancing initiatives, including enhanced maize varieties that improve pest resistance and crop yields, cassava processing facilities across regional zones to reduce agricultural waste, and biodigesters producing clean energy from…

Nigeria has introduced an economic framework targeting growth exceeding 7 percent annually while reducing inflation to single digits and doubling national income to address poverty levels. Finance Minister Doris Uzoka-Anite described the Dis-Inflation and Growth Acceleration Strategy as a coordinated approach combining fiscal and monetary instruments through a unified execution platform linking development finance, private…

Nigeria will launch its 2025 oil and gas licensing round beginning in December, following presidential approval, according to Nigerian Upstream Petroleum Regulatory Commission Chief Executive Gbenga Komolafe. The announcement came during a petroleum investment forum held in London, where Komolafe emphasized that funding constraints represent the primary obstacle facing the upstream sector, with the commission…

Stitches Africa has introduced a mobile application connecting African fashion designers and tailors with international customers through artificial intelligence technology that generates precise body measurements for custom garments. Co-founder Franklin Peters stated the platform addresses demand from diaspora communities seeking authentic African clothing while enabling local artisans to receive orders and payments in foreign currency…

The Aig-Imoukhuede Foundation has selected 72 public sector professionals from seven African nations to participate in its fifth Public Leaders Programme cohort, representing the largest group since the initiative began. Participants from Nigeria, Malawi, Kenya, Cameroon, Zambia, Egypt and Tanzania will receive executive education through a partnership with the Blavatnik School of Government at the…

Niger Delta Power Holding Company is urging high-consumption organizations to join its Eligible Customer Programme, allowing them to purchase electricity directly from the generator and other production companies. The initiative permits industrial and commercial users to access power capacities ranging from 6 megawatts to 20 megawatts, with approved participants securing flexible pricing through negotiated tariffs…

TotalEnergies Managing Director Matthieu Bouyer has advocated for enhanced cooperation among oil producers through shared services to boost operational efficiency and lower production costs in Nigeria’s petroleum sector. Bouyer explained that joint logistics, shared vessels, rigs, and infrastructure could substantially reduce expenses while deepwater operations become more efficient through localized support services and supply chains….

Nigeria’s Pension Transitional Arrangement Directorate has advanced reforms strengthening the country’s Defined Benefit Scheme through enhanced transparency and accountability measures for federal retirees, according to Executive Secretary Tolulope Odunaiya. The agency has eliminated fraudulent beneficiaries through nationwide biometric verification and a digital confirmation platform, saving substantial government funds while digitizing millions of legacy pension records…