Sugar Production: NSDC, BOI Establish N10bn Fund to Support Greenfield Project Development The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have established the Sugar Project Acceleration Fund (SPAF) as part of efforts to support the emergence and advancement of greenfield projects...

‎Hormuz Crisis Raises Alarm for Nigeria, S/Arabia as Global Oil Lifeline Faces Disruption ‎ ‎Rising tensions in the Middle East have placed the strategic Strait of Hormuz at the centre of a growing global economic concern, with analysts warning that a prolonged disruption could trigger severe...

30 Banks Hit Recapitalisation Target Ahead of March Deadline   Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday. The CBN said the recapitalisation exercise, launched in 2024 to strengthen...

FG Launches $750m Mini-Grid Solar Power Project The Federal Government is implementing what has been described as the largest publicly funded renewable electricity programme in the world, aimed at expanding power access through mini-grids, solar infrastructure, and off-grid electrification projects across Nigeria, the Managing Director...

Cashless Policy to Stay, Says FAAN Amid Airport Turmoil The Federal Airports Authority of Nigeria (FAAN) has insisted that the cashless payment policy at Nigerian airports will remain in place, despite the confusion and complaints that trailed its recent rollout. Speaking to journalists on Thursday at...

Dangote, Marketers Clash Over Petrol Price Amid US-Iran Tensions   Amid the escalating tensions in the Middle East, data from the Major Energies Marketers Association of Nigeria (MEMAN) has shown that a litre of imported petrol is about N64 cheaper than the one produced by the...