Twinings Ovaltine set to establish a £24 million manufacturing facility in Lagos, marking a significant milestone in Nigeria’s industrial growth. The project expected to create over 100 direct jobs while strengthening the country’s position as a key production hub in West Africa. First African Manufacturing Footprint This development represents Ovaltine’s first-ever manufacturing presence on the…
Residents and business owners in Amuwo-Odofin, Lagos, are bracing for a prolonged power outage/ blackout that could last up to four months. The disruption linked to scheduled maintenance work on a critical 132kV substation serving the area. Why the Blackout Is Necessary The maintenance is part of efforts to upgrade and stabilise power infrastructure in…
Nigerian deposit money banks are beginning to reduce the interest rates offered on savings accounts, signaling a ripple effect from recent monetary policy shift by the Central Bank of Nigeria. The adjustment follows a cautious easing of the Monetary Policy Rate (MPR). A key benchmark that influences how banks set lending and deposit rates across…
The United Kingdom has agreed to invest £746 million into upgrading two of Nigeria’s busiest seaports—Apapa & Tincan Island Ports. The announcement made by Adegboyega Oyetola, who described the deal as a significant step toward transforming the country’s maritime infrastructure. Deal to Be Finalised at Windsor Castle The financing agreement scheduled to formally signed on…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has announced a major shift in Nigeria’s financial direction. Declaring that the era of opaque finance management is officially over. He made this statement while addressing global investors at The Peninsula London during the Africa Capital Forum, held alongside Bola Tinubu’s UK state visit. From Stabilisation…
Doja Cat has opened up about the pressures of fame, revealing an unusual tactic she uses to deal with constantly filmed in public. In a recent interview with Vogue, the artist shared that instead of confronting fans directly, she chooses a more creative—and unexpected—approach. Turning Discomfort Into a “Game” Doja Cat admitted that the experience…
The Kardashians family are reportedly extending a helping hand to Britney Spears following her recent DUI arrest. Signaling what could be an unexpected but strategic comeback move According to reports, the family has reached out privately to Spears, offering emotional support. While also exploring a professional opportunity—bringing her onto their reality series, The Kardashians on…
The Federal Government of Nigeria, through the Nigerian Consumer Credit Corporation (CrediCorp), has unveiled a groundbreaking Air Travel Credit Scheme called “Fly Now, Pay Later.” This consumer credit product designed to make domestic air travel more accessible. Also and affordable for Nigerians by offering a structured financing option. With this Travel Credit Scheme, eligible travelers…
Nigerian musicians raked in over $40 million (₦60 billion) on Spotify in 2025, highlighting the explosive global growth of Afrobeats and Nigeria’s digital music industry. Afrobeats’ Global Rise However, The impressive earnings reflect how Nigerian music has moved from local charts to global dominance, with Afrobeats becoming one of the most streamed genres worldwide. Artists…
Hundreds of new jobs set to be created across the United Kingdom as Nigerian banks, fintech companies, and creative industry businesses expand their operations in the country. The development, announced by the British government, comes alongside the ongoing state visit of Bola Ahmed Tinubu, highlighting growing economic ties between the Nigeria and the UK. Expansion…
