Africa is home to some of the world’s most influential entrepreneurs and business leaders. These individuals built massive business empires across industries such as cement, telecommunications, mining, luxury goods, banking, and construction. Every year, Forbes publishes its list of billionaires, highlighting the Richest People in Africa according to Forbes based on verified net worth, assets,…
Retail chain ShopRite has dismissed rumors of shutting down operations in Nigeria. Instead, the company has confirmed plans to open two new stores in Lagos this March. Located at The Palms Shopping Mall and Circle Mall. In an exclusive interview with Nairametrics, Bunmi Adeleye, Chief Strategy Officer at Retail Supermarkets Nigeria Limited. The new owners of…
A fire broke out in the early hours of Saturday at Sawmill Garage in the Odo-Okun area of Ilorin, Kwara State. The flames destroyed two vehicles before firefighters brought the situation under control. The incident occurred at the motor park, a hub for commercial transportation and trading activities in the state capital. Residents and motorists…
The Federation Account Allocation Committee (FAAC) has received 100 percent of profit oil from Production Sharing Contracts (PSCs). Following the implementation of a new executive order by Bola Ahmed Tinubu. According to the February oil and gas revenue distribution report obtained by TheCable. The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted the full profit…
The Governor of Alex Otti has revealed that the Abia State government is preparing to sign a $200 million Memorandum of Understanding (MoU). With leading agribusiness company Presco Plc to expand palm oil production in the state. The planned partnership is part of the state’s broader strategy to revitalize agriculture, attract investment, and create jobs….
Nigeria’s latest Treasury Bills auction witnessed massive investor demand, attracting ₦2.78 trillion in subscriptions. This by far exceeding the ₦850 billion initially offered by the Central Bank of Nigeria. The Treasury Bills Primary Market Auction, conducted on March 11, 2026, recorded subscriptions that were about 227% higher than the amount offered, highlighting strong investor appetite…
A new study has revealed that Nigeria’s poverty rate surged to 63% following the removal of the petrol subsidy. Highlighting the significant economic hardship many households have faced since the reform introduced. The findings presented during a policy dialogue organized by Agora Policy in Abuja. Where experts and stakeholders gathered to assess the impact of…
China has reportedly warned that it may shut down one of Nigeria’s communications satellites. Especially if the country fails to settle an outstanding $11.4 million debt, raising concerns about the future of critical space and communication infrastructure. The satellite in question is operated by the National Space Research and Development Agency. Which oversees Nigeria’s space…
President Bola Ahmed Tinubu has approved the nomination of Lamido Abubakar Yuguda as a Deputy Governor of the Central Bank of Nigeria (CBN). The nomination, which is subject to confirmation by the Nigerian Senate, was announced in a statement. Which released by Bayo Onanuga, the president’s Special Adviser on Information and Strategy. Nomination in Line…
Leading fintech company PalmPay is expanding its network of physical offices across Nigeria. As part of a broader strategy to deepen financial inclusion and bring banking services closer to underserved communities. The company currently operates 28 offices nationwide, and the expansion highlights the growing recognition. Which digital banking alone may not fully meet the needs…
