Nigeria spends $19m annually on motorcycle spare parts
Nigeria’s automotive industry faces an import dependency challenge, with $19 million spent annually on motorcycle spare parts, according to the...
Lagos records ₦2.49bn transactions in Mushin food hub’s first year
The Lagos State Government has announced that transactions worth ₦2.495 billion were recorded by 348 vendors during the first year...
Tinubu relies on oil for 2025 budget
Nigerian President Bola Tinubu has unveiled a record 2025 budget, banking on increased oil revenue to fund 49.7 trillion naira...
Nigeria Customs removes import duty on CNG, LPG equipment
The Nigeria Customs Service (NCS) has announced a zero percent (0%) import duty rate on equipment related to Compressed Natural...
NUPRC announces 2025 oil licensing round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed plans to launch a 2025 oil licensing round to unlock the...
Meta fined €251M over 2018 Facebook data breach
Meta Platforms Ireland Limited (MPIL), a subsidiary of the global tech company Meta, has been fined €251 million by the...
Lagos AI Hackathon awards $5K, highlights AI & web3 talent
The recently concluded Lagos AI Combinator Hackathon, organised by Ryze Labs, brought together developers to explore AI and Web3 innovations...
Oando posts N13.6bn Q3 profit, ends loss streak
Oando PLC reported a post-tax profit of N13.6 billion for the third quarter of 2024, a sharp recovery from a...
World Bank approves $500m loan for Nigeria’s rural roads
The World Bank has approved a $500 million concessional loan to upgrade Nigeria’s rural road infrastructure under the Rural Access...
Experts advocate reforms to address Nigeria’s housing deficit
Housing sector stakeholders have proposed key reforms to address Nigeria’s growing housing deficit, including the introduction of property taxes on...
