Nigeria is facing a massive housing crisis, with a staggering 14.9 million unit deficit, as rapid urbanisation continues to outpace development. Experts say the country must build at least 550,000 homes every year just to meet current demand—an ambitious target that highlights the scale of the housing crisis. Race Against Time for SDG 2030 Moreover,…
President Bola Tinubu set to headline the upcoming Niger Delta Investment and Economic Summit, a high-level event aimed at unlocking new economic opportunities across the region. However, The summit will take place in Port Harcourt, bringing together key players from government, business, and development sectors. Driving Investment and Sustainable Growth Although, Designed as a high-impact…
Nigeria Revenue Service has officially taken full control of Value Added Tax (VAT) collection in Nigeria, marking the exit of the Nigeria Customs Service from import VAT collection. Also, This move is part of Nigeria’s broader tax reform agenda, aiming to simplify revenue administration and reduce duplication across agencies. Customs Collection Drops to Zero However,…
Residents in Eket are finally getting relief as Pivot Energy opens a new petrol station in the area. The development comes at a time when demand for reliable fuel supply is rising alongside growing economic activity across Akwa Ibom State. Easing Long-Standing Distribution Challenges For many motorists and businesses in Eket, accessing fuel has been…
Entrepreneurs backed by the Tony Elumelu Foundation (TEF) have generated an impressive $4.2 billion in revenue since the programme launched in 2015. However, The achievement highlights the growing impact of entrepreneurship-driven development across Africa. 1.5 Million Jobs Created Beyond revenue, the initiative has delivered massive employment opportunities, with over 1.5 million jobs created by TEF-supported…
A recent review of all 774 Local Government Areas (LGAs) in Nigeria has uncovered a troubling truth—most local governments do not make their budgets public. Although, For citizens, this means the level of government closest to them is also the least transparent. What the Findings Reveal The assessment paints a concerning picture of accountability at…
Bitget has expanded its spot trading market through a partnership with Ondo Global Markets, unlocking a new way for Nigerians to invest. Also, This move allows users to trade traditional financial assets alongside cryptocurrencies, all within a single platform. What This Means for You However, For Nigerian investors, this development is a game-changer.s Also You…
President Bola Tinubu and First Lady Remi Tinubu’s UK Visit has been described as a major success, delivering key economic, educational, and strategic gains for Nigeria. Beyond the ceremonial moments, the trip produced concrete agreements expected to shape Nigeria’s future development. $990 Million Deal to Transform Lagos Ports Recently, Alo360 highlighted that one of the…
Africa’s billionaire landscape is often associated with older, established business magnates. However, a new generation of wealthy individuals is emerging—young, ambitious, and strategic in building and inheriting massive fortunes. The Youngest Billionaires in Africa represent a mix of inherited wealth, smart investments, and growing influence across industries like finance, telecom, luxury goods, and manufacturing. In…
Widespread electricity shortages are once again hitting homes and businesses across Nigeria, leaving millions frustrated as blackouts disrupt daily life and economic activity. From small businesses struggling to stay open to households relying on expensive alternatives, the impact of unstable power supply continues to deeply felt nationwide. FG Responds: “We’re Fixing the Gas Problem” However,…
