News
30% value addition bill could create 1.2m jobs — RMRDC
The Raw Materials Research and Development Council, RMRDC, has projected that the proposed 30 per cent mandatory value addition to Nigerian raw materials before export could generate more than 1.2
Manufacturers deepen local raw materials sourcing, up 11% in 3yrs
By Yinka Kolawole Nigeria’s manufacturing sector recorded a steady increase in the use of locally sourced raw materials between 2021 and 2024, with the share rising from 51.5 per cent
Kidnappers torture 20 corps members, reduce ransom to N100m — Relatives
***Transport firm withholding passengers’ next-of-kin details— Parents ***FG should tell us what it’s doing—Oyo govt By Chidi Nkwopara & Adeola Badru IBADAN— AS the deadline for payment expires within hours,
Atiku is right subsidy removal needs revisiting – 2
By Dele Sobowale Some called it lunacy; others were more polite in their condemnation of the idea of government reversing itself. Few did the rational thing when confronted with a
Elumelu acquires additional £53.2m shares in Seplat
Tony Elumelu, Chairman of Heirs Holdings, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. According to a notification filed with the Nigerian Exchange Limited
Consumers’ confidence plummets in Sept as inflation concerns deepen
By Elizabeth Adegbesan Consumers’ sentiment plunged sharply in September 2026 as households grappled with intensifying price pressures. The Central Bank of Nigeria, CBN, in its latest Household Expectation Survey Report
Asiko Energy completes 5000MT LPG, propane terminal
By Sebastine Obasi Nigeria’s quest to deepen domestic gas utilisation has received a boost as Asiko Energy Limited has completed its 5,000MT LPG and Propane terminal in Ijora, Lagos. This
Electricity subsidy falls 35% to N679bn in H1’26
By Yinka Kolawole The Federal Government’s electricity subsidy bill fell 35.27 percent to N679.58 billion in the first half of 2026 from N1.05 trillion recorded in the corresponding period of
Electricity subsidy falls 35% to N679bn in H1’26
By Yinka Kolawole The Federal Government’s electricity subsidy bill fell 35.27 percent to N679.58 billion in the first half of 2026 from N1.05 trillion recorded in the corresponding period of

