Category: Business
Itepu: Lack of Accountability Eroding Public Confidence in Real Estate Sector
The Chief Executive Officer/Co-founder of Abode, Jeffrey Itepu, has identified lack of trust as a major challenge confronting Nigeria’s real estate sector, calling on operators to strengthen transparency and accountability to attract investments and broaden participation in the industry. Itepu said the failure of some property developers to fulfill their obligations to subscribers had eroded…
Bountip Drives Digital Transformation Across Nigeria’s Food Service Industry
A software company focused on food business operations, Bountip, has convened chefs and food service professionals in Lagos for its Chef’s Roundtable, an industry engagement examining how technology can address inventory management, food waste, rising operational costs and efficiency challenges in Nigeria’s restaurant industry. The event featured product demonstrations, industry discussions and networking, providing participants…
Nigeria’s Business Growth Slows In October Amid High Costs, Weak Demand
Nigeria’s business activity expanded at a slower pace in October 2026, as high operating costs, poor electricity supply and limited access to finance continued to weigh on businesses. The Nigerian Economic Summit Group (NESG), in its latest Business Confidence Monitor (BCM), said the composite Current Business Performance Index (CBPI) fell to 115.4 points in October…
Concerns Mount As 10 Stocks Control 73% Of NGX’s ₦165trn Market Capitalisation
Ten companies account for approximately 73.32 per cent of the Nigerian Exchange Limited’s (NGX) total market capitalisation of N165.08 trillion, raising concerns about the concentration of market value in a relatively small number of listed stocks. The companies, with a combined market capitalisation of N121.039 trillion, are Dangote Cement, Airtel Africa, MTN Nigeria Communications, BUA…
Africa-Caribbean trade projected to hit $1.65 billion by 2030
Yearly trade in goods and services between Africa and the Caribbean could reach $1.65 billion by 2030, excluding mineral fuels, Yearly trade in goods and services between Africa and the Caribbean could reach $1.65 billion by 2030, excluding mineral fuels, if both regions address existing trade barriers and harness opportunities across key economic sectors, a…
Nigerian Manufacturers Struggle With Rising Energy Costs As Production Takes A Hit
Nigerian manufacturers are diverting resources from production to power generation as skyrocketing energy costs and unreliable electricity supply place additional pressure on manufacturing activities; the Manufacturers Association of Nigeria (MAN) has raised alarm.Energy accounted for over 40 per cent of manufacturing costs in the country, while manufacturers spent about N1.11 trillion on alternative power generation…
4,000 Newly Employed Public Servants To Strengthen A’Ibom Civil Service, Says Gov Eno
Some of the newly recruited civil servants expressed excitement over their appointments, describing the opportunity to join the state workforce as a significant milestone. Governor Eno on Tuesday, November 3, 2026, during an orientation programme for the newly recruited workers at the Ibom Tropicana Event Centre, Uyo. Akwa Ibom State Governor, Pastor Umo Eno, has…
Dangote Unveils Namibia Energy Project, Proposes 1.6mb Tank Farm
The development marks a significant investment proposition aimed at expanding fuel storage capacity and improving distribution across Southern Africa. Aliko Dangote, the President and Chief Executive Officer of the Dangote Group, looks on during an interview with AFP in Nairobi on September 29, 2026. (Photo by SIMON MAINA / AFP) Namibia is strengthening its position…
Global Markets Rally As Democrats Win Congress, Dollar Weakens
Dollars Stock markets mostly rose Wednesday as investors assessed the impact of a Democratic sweep of Congress that dealt a blow to Donald Trump’s economic agenda as he heads into his final two years as president. Equities and the dollar sank initially amid warnings that the result — which saw Republicans ousted in a so-called…
Diri Presents ₦1.24trn 2027 Budget, Earmarks 68% For Capital Projects
Governor Douye Diri of Bayelsa State. Facebook/Douye Diri. Bayelsa State Governor, Douye Diri, has presented a proposed budget of ₦1.24 trillion for the 2027 fiscal year to the State House of Assembly, with capital expenditure accounting for approximately 68 per cent of the total estimates. The appropriation bill, tagged 2027 Budget of Assured Prosperity and…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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