Seafood industry representatives called on Nigerian regulators to improve post-import handling standards after inspecting Whitesand Market in Lagos on the weekend. The delegation from Norwegian Seafood Council and SUFI warned that chemical misuse and inadequate storage by local vendors threaten public health despite strict European export controls. Finance Director Truls Hellnæs said contamination occurs after…
Nigerian lawmakers advanced legislation on Monday that would formally establish a consumer credit agency and create a dedicated development fund to expand access to borrowing for workers. The House of Representatives approved the Nigeria Consumer Credit Corporation bill at second reading after Speaker Abbas Tajudeen and Representative Wale Hammed argued that citizens need regulated alternatives…
The worldwide market for sustainable aviation fuel will reach 312 billion dollars by 2029 as Nigeria and other nations adopt cleaner energy alternatives for aircraft operations. Market value jumped from 175.41 billion dollars in 2024 to 196.04 billion dollars in 2025 at an 11.8 percent annual growth rate driven by industrial expansion and renewable energy…
Nigerian energy firm NIPCO Plc acquired nearly one-fifth of British company Savannah Energy after completing primary and secondary share purchases worth 28.7 million pounds. The investment gives NIPCO approximately 19.4 percent ownership and will fund business development projects that Savannah is evaluating. Chief Executive Andrew Knott welcomed the strategic partnership as his firm reported nine-month…
Africa’s ninth Tech Innovation Awards will honor digital pioneers and policymakers advancing the continent’s technology sector when InstinctWave Group and Digital Economy Magazine stage the ceremony on November 29 at the Oriental Hotel in Lagos. The program recognizes achievements in telecommunications, artificial intelligence, financial technology and renewable energy through merit-based selections that support connectivity expansion…
A Chinese construction firm will partner with a Nigerian developer to build twin 25-story towers and 30,000 solar homes under an agreement backed by the Nigeria-China Strategic Partnership. Brains and Hammers joined with Hunan Hengke Group to create mixed-use complexes featuring hotel and residential units while manufacturing building materials locally. The initiative targets job creation…
Nigeria will gain a fourth major mobile network as Vitel Wireless Limited prepares to launch nationwide service following approval from the Nigerian Communications Commission. Executive Chairman Kenneth Nwabueze said the carrier aims to merge connectivity with security features and smart technology rather than function as a traditional voice and data provider. The startup secured interconnection…
Nigeria’s solid minerals minister urged investors to expand their involvement in the sector following reforms aimed at boosting returns and security. Dele Alake addressed the China Mining Conference in Tianjin on Friday, highlighting initiatives such as Mining Marshals and satellite monitoring systems that protect legitimate operators while reducing illegal extraction. He pointed to digital platforms…
Rice costs have fallen sharply across Lagos markets, with 50-kilogram bags that reached 85,000 naira in January now selling for as little as 60,000 naira, relieving shoppers but squeezing merchants who face steep losses. Foreign varieties dropped from 95,000 to between 65,000 and 75,000 naira while local brands settled between 60,000 and 70,000 naira at…
South Africa exited the Financial Action Task Force grey list on Friday after two years of international monitoring for failures to prevent money laundering and terrorist financing. The continent’s most industrialized nation joined the watchdog’s problem roster in 2023 but regained compliance through coordinated action between private enterprise and state agencies. Business Leadership South Africa…
