Federal Government Kicks Off $100 Million Gas Pipeline Project to Boost Southeast Industrialization
President Tinubu has launched a $100 million Southeast gas pipeline project through the SEDC to boost regional industrialization and create jobs.
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“Fix Your Electricity”: Shettima Tells 36 Governors to Stop Relying on FG
Vice President Kashim Shettima has told 36 state governors to stop depending on the Federal Government and establish independent electricity markets under the Electricity Act 2023.
Billionaire Aliko Dangote Agrees to Feature on Isbae U’s YouTube Show
Billionaire industrialist Aliko Dangote has agreed to feature on Isbae U’s hit YouTube show, Curiosity Made Me Ask, following a youth interactive session in Lagos.
UK University Honours Folorunso Alakija With Doctorate for Leadership, Service
The University of Buckingham has honoured Nigerian business mogul and philanthropist Apostle Folorunso Alakija with an honorary doctorate degree for her exemplary leadership and service across Africa.
“I Am a Product of Luck” — Tony Elumelu Opens Up on Success
Business mogul Tony Elumelu has sparked fresh conversations after revealing the secret behind his success. The Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation said luck played a major role in his journey. He made the statement during an interview with popular YouTuber Korty EO. His comments have surprised many people who…
Nigeria’s Foreign Reserves Hit $51 Billion, Highest Level in 17 Years
Nigeria’s foreign reserves have crossed the $51 billion mark for the first time in 17 years. Fresh data from the Central Bank of Nigeria (CBN) shows that reserves rose to $51.04 billion on June 18, 2026. The last time reserves reached this level was in January 2009. This milestone highlights a stronger external position for…
British Pound Falls as Naira Hits ₦1,825/£1 on UK Uncertainty
The British Pound falls as the naira strengthens to ₦1,825 per £1 amid UK political uncertainty, reflecting volatility in the GBP to NGN exchange rate. The Nigerian naira strengthened against the British pound on the foreign exchange market as political uncertainty continued to cloud the UK economy. The pound traded at about N1,825/£1, highlighting the…
Shell Appoints Elohor Aiboni as Nigeria Country Chair
Shell appoints Elohor Aiboni as Executive Vice President and Country Chair Nigeria. She becomes the first Nigerian to hold the role in Shell’s history Shell has appointed Elohor Aiboni as Executive Vice President and Country Chair Nigeria. The appointment takes effect on August 1, 2026. With this move, Aiboni becomes the first Nigerian to hold…
Naira Weakens to N1,361.5/$ as FX Turnover Drops 57%
Naira Weakens to N1,361.5/$ as FX Market Turnover Drops 57% The naira recorded a slight loss against the US dollar on Wednesday at the Nigerian Foreign Exchange Market (NFEM). Data from the Central Bank of Nigeria (CBN) showed the local currency closed at N1,361.5/$, compared to N1,356.5/$ in the previous trading session. However, the bigger…
Yum! Brands Set to Sell Pizza Hut in a $2.7bn Deal
Yum! Brands has agreed to sell Pizza Hut in a $2.7bn deal that ends its long ownership of the brand. The business will now be split between two buyers. LongRange Capital will take control of operations outside mainland China, while Yum China Holdings will manage the China market. The transaction is expected to close in…