Category: Uncategorized

Lagos prepares for above-normal rainfall, alerts residents of possible flooding

By Taofeek Oyedokun  The Lagos State Government has urged residents to prepare for possible flooding and strong winds this year, warning that there could be above-normal rainfall across the state, with the rainy season projected to begin as early as the last week of March and end in early December. Tokunbo Wahab, the state’s commissioner […]

‘By 2026, we are going to be the biggest food producer,’ says BUA’s Abdul Samad Rabiu

Shaking off the impact of Nigeria’s subsidy reforms, the BUA chairman is raising cash, with big plans for cement, food and energy production. By Nicholas Norbrook It has been a tough 18 months for businesses of all stripes in Nigeria. Reforms to remove the fuel and naira subsidies, and the subsequent explosion of inflation, have hit citizens […]

Nigeria loses up to $3.3 billion in food waste as cold chain gaps deepen crisis

Nigeria forfeited between roughly $2.3bn and $3.3bn to post-harvest losses in 2025, underscoring deep structural weaknesses in the country’s agricultural logistics and storage systems, according to industry estimates. By: Segun Adeyemi The disclosure came from the Organisation for Technology Advancement of Cold Chain in West Africa, whose president, Alexander Isong, said the country lost an […]

Nigeria joins Africa’s alumina race with new $1.3B refinery deal

Nigeria is accelerating efforts to diversify its economy away from crude oil after the Federal Government signed a landmark Memorandum of Understanding with the African Finance Corporation (AFC) to jointly fund three strategic mining projects, including a $1.3 billion alumina refinery. By: Solomon Ekanem The agreement, signed in Abuja, also covers a nationwide geoscience mapping […]

Nigerian scientists record breakthrough in malaria drug research

A Nigerian-led research team at Obafemi Awolowo University, Ile-Ife, Osun State, has recorded a major scientific breakthrough in the global fight against malaria. The team successfully determined and deposited the first-ever crystal structure of Plasmodium falciparum transketolase bound to an inhibitor in the Protein Data Bank. The milestone, achieved at the laboratory of Dr Olatomide […]

Singapore cements trade and manufacturing links with Africa

Companies in the shipping, logistics and manufacturing sectors see opportunities to deepen their presence in Africa. By: Ben Payton On the coast of Nigeria, a few hours’ drive from the centre of Lagos, a small corner of Africa resembles a mini-Singapore. The Lagos Free Zone is operated by Tolaram, a Singapore-based conglomerate. The sprawling 850-hectare […]

Global Giants PepsiCo and DP World Invest $20m in Nigeria

Global food and beverage leader PepsiCo, in partnership with global logistics powerhouse DP World, has announced a $20 million investment in a new snack manufacturing facility in Nigeria, reinforcing confidence in the region’s rapidly expanding food and beverage market.  he investment forms part of PepsiCo’s long-term strategy to localise production, strengthen supply chains, and meet […]

Dangote eyes $100b enterprise by 2030 with transformative growth across Africa

President of the Dangote Group, Alhaji Aliko Dangote, has unveiled an ambitious vision to expand his conglomerate into a $100 billion enterprise by 2030, reinforcing his position as one of Africa’s most influential business leaders. In addition, the billionaire business mogul also plans to expand his refinery investment and double production capacity, a move aimed […]

Billionaire Aliko Dangote’s group unveils vision 2030 to boost local production in Nigeria

Dangote Group outlines Vision 2030 roadmap to expand local manufacturing, strengthen supply chains and cut Nigeria’s import dependence. By : Guardian Nigeria Dangote Group used the Kaduna International Trade Fair to restate a message it has been pushing for years: produce more at home and add more value locally. At the company’s Special Day during the […]

Nigeria, 11 West African Nations Move Closer to Launching Eco Currency

Nigeria, 11 West African Nations Move Closer to Launching Eco Currency Source– Legit.ng Nigeria and 11 other West African countries have renewed efforts to launch the long-delayed Eco regional currency, signaling what could become a defining shift in the region’s economic integration. Governors of central banks across the subregion recently met in Monrovia, Liberia, under […]