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Business
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SMEDAN Reopens Application Portal for N50,000 Micro-Business Grant
SMEDAN has reopened its portal for the N50,000 Conditional Grant Scheme, offering non-repayable funding to Nigerian micro-enterprises that commit to hiring at least one new worker.
BP Profits Reach Four-Year Peak Amid Middle East Conflict
BP profits surged to $5.73 billion as Middle East tensions pushed oil prices higher, prompting the company to shift focus toward high-return assets and exit North Sea operations.
Dangote and Sinoma Ink $800 Million Deal to Double Itori Cement Capacity
Dangote Industries and Sinoma have committed $800 million to expand the Itori Cement Plant, doubling its annual production capacity to 12 million metric tonnes to serve local and export markets.
NNPC Records N19.04 Trillion Revenue in Half-Year Financial Report
The NNPC recorded N19.04 trillion in revenue and N2.28 trillion in profit during the first half of 2026, alongside progress on critical gas infrastructure.
Abuja entrepreneur reports total loss after sudden demolition of his business
A businessman who returned to Nigeria from the UK with a £75,000 investment faces ruin after his Abuja property was demolished without warning.
BP moves to divest its North Sea operations
BP is seeking a buyer for its North Sea assets, effectively concluding 60 years of production in the area to streamline its global operations.
Sainsbury’s to divest Argos in £120m transaction
Sainsbury's is selling Argos to Swift Partners for £120 million to refocus on its core food business, with the deal expected to finalize next February.
Experts cite structural gaps as reason for foreign dominance in Nigerian logistics
CRFFN Registrar Kingsley Igwe and trade expert Dera Nnadi argue that foreign dominance in Nigeria's logistics sector is driven by systemic professional and capital deficiencies rather than nationality.
Minister John Enoh Lauds Aliko Dangote as Key Pillar of Nigerian Industry
Minister John Enoh praises Aliko Dangote's industrial influence while setting ambitious GDP growth targets for Nigeria's manufacturing sector.
Femi Otedola Increases FirstHoldco Stake to 26% Following N222 Billion Share Purchase
First HoldCo Chairman Femi Otedola has boosted his ownership in the company to 26 percent after a N222 billion share acquisition.