Caverton Reports Massive N50.53bn Loss in 2024
Caverton Offshore Support Group Plc has reported a staggering N50.53bn loss for the 2024 financial year, a significant decline from the N12.89bn loss in 2023. The primary driver was a...
NIQS Foundation Partners with Julius Berger to Advance Infrastructure Excellence
The Nigerian Institute of Quantity Surveyors (NIQS) Foundation has announced a partnership with Julius Berger Nigeria Plc, recognizing the construction firm's significant contributions to infrastructure development and its impact on...
Coleman Wires CEO Urges FG to Prioritize Local Solutions for Power Sector Challenges
George Onafowokan, Managing Director of Coleman Wires and Cables Industries Limited, has called on the Federal Government to prioritize local solutions in addressing Nigeria’s persistent power grid collapses. Onafowokan, in...
ARGPON Launches Initiative to Regulate Local Gin Production in Nigeria
The Association of Raw Gin Producers of Nigeria (ARGPON), formerly known as Nigeria Distillers Associates, has announced the commencement of internal regulatory processes aimed at sanitizing the production of local...
EU Boosts Nigeria-Europe Trade with €300,000 Grant to Eurocham
The European Union (EU) has awarded a €300,000 grant to the European Chamber of Commerce (Eurocham) Nigeria to bolster its advocacy efforts and strengthen EU-Nigeria trade relations. The announcement was...
Top Real Estate Companies Shaping Nigeria’s Property Market
Jide Taiwo & CoFounded in 1980, Jide Taiwo & Co specializes in property management, valuation, and investment advisory services. With offices nationwide, the firm remains a trusted name in...
Nigeria’s Active Bank Accounts Hit 311.65 Million in December, Rising by 49% – NIBSS
The number of active bank accounts in Nigeria surged to 311.65 million by December 2024, reflecting a 48.89% increase from 209.31 million in January. This growth highlights the continued expansion...
NCC Approves 50% Telecom Tariff Increase, Projected to Boost Revenue and Expand 4G Coverage
The 50% telecom tariff increase approved by the Nigerian Communications Commission (NCC) is projected to generate an additional N1.6 trillion in tax revenue while also enabling crucial investment in the...
Nigeria’s Rice Production Declines to 8.3 Million Tonnes Despite Government Efforts
Nigeria's rice production has seen a noticeable decline, dropping to 8.3 million tonnes for the 2024/2025 agricultural cycle, down from 8.9 million tonnes in the previous year. This decrease comes...
FG to Spend N1.1bn on Mini-Grids Amid Persistent Blackouts
The Federal Government is set to invest $1.1bn in renewable mini-power grids to address Nigeria’s recurring electricity grid collapses. Discussions are underway with both local and foreign financial institutions to...