Business and economic news
AEDC and NEDC said they will deepen collaboration with Niger State on mini-grids and hybrid systems after a solar programme extended electricity access to more than 180 communities.
Nestlé Nigeria moved from a N164.60 billion loss to N104.97 billion profit in 2025, but analysts say margin pressure, high debt costs and a thin equity base still require close monitoring.
In the first part of a new series, Kola Owolabi says entrepreneurs should start with paying customers, not loans, arguing that early sales reduce risk and create stronger, more sustainable Nigerian businesses.
TCN says more than $1.3 billion in donor-funded transmission projects are underway nationwide, with major investments from the World Bank, AFD, AfDB and JICA, alongside digital upgrades to strengthen grid operations.
CORAN says modular refineries can deliver over 10% of Nigeria's diesel demand if crude feedstock improves and naira-for-crude incentives are extended to local modular operators.
Apapa Customs and the Western Naval Command say they are deepening coordination to secure the maritime corridor, improve cargo movement and support stronger national revenue and economic outcomes.
NCDMB, Radisson and Edison signed an international management agreement for a 204-room hotel and conference centre in Yenagoa, with NCDMB targeting completion in December.
The Central Bank of Nigeria has increased the country’s gold reserves to $3.5 billion after receiving locally sourced bullion refined to LBMA standards under the National Gold Purchase Programme.
Governor Caleb Mutfwang said Plateau has released 70 transformers for communities and completed mobilisation for a 132KVA transmission line, as the state targets better supply, fewer outages and stronger local economic activity.
Adron Homes says its Easter Fiesta offers a 30 per cent discount and up to 36 months payment across multiple Nigerian estates to widen access to land ownership.
Union Dicon Salt Plc said it has been unable to contact Aims Limited, its 40 per cent shareholder, despite repeated attempts, and asked the investor to reach the company at its Lagos office.
Tantalizers Plc posted a N72 million profit after tax for 2025, reversing a N265 million loss in 2024 as revenue growth and new investments in entertainment and fisheries supported recovery.
