The government of Benue State has approved ₦450 million as counterpart funding for a women empowerment initiative aimed at boosting economic opportunities for women across the state. The decision reached during a meeting of the Benue State Executive Council chaired by Governor Hyacinth Alia. Boost for Women Entrepreneurs The women empowerment funding will support the…
The government of Lagos State has directed building owners, developers, and facility managers. Also to register and obtain safety certification for all elevators installed in their buildings before March 31, 2026. The directive is part of the state government’s effort to improve building safety standards and prevent elevator-related accidents across residential, commercial, and public buildings…
The Central Bank of Nigeria (CBN) has directed banks and financial institutions to significantly expand the number of Automated Teller Machines (ATMs) across Nigeria. Introducing a new rule that requires at least one ATM for every 7,500 payment cards issued by 2028. The directive announced in the apex bank’s updated Guidelines on the Operations of…
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…
