Business Tycoon Otedola Set to Unveil Entrepreneurial Memoir in August
Femi Otedola, the billionaire chairman of Geregu Power Plc, will launch his highly anticipated book, Making It Big, on August 18, 2025, at a gala event in Lagos. Announced on
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Nigerian Exchange Group Reports ₦14 Trillion Capital Surge in First Half 2025
The Nigerian Exchange Group (NGX) announced on July 17, 2025, that it raised over ₦14 trillion in capital during the first half of 2025, reflecting a robust recovery in the
Nigeria’s Government Faces Massive Power Subsidy Deficit in 2024
The Nigerian Federal Government incurred a staggering ₦1,949 billion gross tariff subsidy shortfall in the power sector throughout 2024, as detailed in a comprehensive report released by the Nigerian Electricity
NNPCL, Akwa Ibom Govt, GACN Sign $3.5b MoU on Gas Industrialization
The Nigerian National Petroleum Corporation Limited (NNPCL), Akwa Ibom State Government, and the Gas Aggregation Company of Nigeria (GACN) signed a $3.5 billion Memorandum of Understanding (MoU) on July 15,
Nvidia to Resume Sales of ‘H20’ AI Chips to China
Nvidia announced on July 14, 2025, its plans to resume sales of its H20 artificial intelligence chips to China, reversing a months-long halt imposed by U.S. export restrictions. The decision
Dangote to Build Seaport in Next Phase of Business Expansion — Report
Aliko Dangote, Africa’s richest man and head of the Dangote Group, has unveiled plans to construct a new seaport as part of the next phase of his business empire’s expansion,
Markets Mixed as Traders Cautiously Eye Trade Developments
Global financial markets opened mixed on July 11, 2025, as traders adopted a cautious stance amid escalating trade tensions, particularly following U.S. President Donald Trump’s dispatch of over 20 letters
Dangote Refinery Slashes Ex-Depot Petrol Price to ₦820 Per Litre
The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of petrol from ₦840 to ₦820 per litre, effective from Wednesday, July 9, 2025, offering a reprieve to
Governor Mbah Unveils Enugu Air, Enugu State’s Pioneering State-Owned Airline
Governor Peter Mbah officially launched Enugu Air, the first state-owned airline in Enugu State, on July 7, 2025, at a ceremonial event at Akanu Ibiam International Airport attended by 3,500
Tinubu Orders Reactivation of Dormant Oil Fields to Boost Nigeria’s Production
President Bola Tinubu, on July 1, 2025, directed the Nigerian National Petroleum Company Limited (NNPCL) to reactivate 50 dormant oil fields to boost Nigeria’s crude oil production to 2.5 million
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