Business

The President of Dangote Group, Aliko Dangote, has concluded plans to build the biggest seaport in Ogun State, Nigeria. Dangote made this known in a recent interview with Bloomberg. The billionaire businessman disclosed that he has applied to begin work at the proposed Atlantic seaport in the Olokola area of Ogun State. He added that the initiative would ease the export …

The officers of Nigerian Army- the Army’s 6 Division have arrested 50 suspects linked to illegal oil bunkering and refining operations across parts of the Niger Delta. The arrests were made during a series of coordinated operations conducted between June 30 and July 13, 2025, in collaboration with other security agencies. According to Lt.-Col. Danjuma Jonah Danjuma, Acting Deputy Director …

Uday Ruddarraju, the former head of infrastructure engineering at Elon Musk’s xAI, has stepped down from his role after more than a year with the company. During his tenure, he played a pivotal role in developing Colossus—a massive supercomputing cluster powered by over 200,000 GPUs—and contributed to the training of Grok 3, one of xAI’s most advanced AI models.  Ruddarraju …

Authorities at the Kano Pharmaceutical Coordinated Wholesale Centre (KPP-CWC) have seized counterfeit and substandard drugs valued at N1.3 billion, marking a major milestone in the ongoing fight against fake pharmaceuticals in Nigeria. The confiscation, announced less than a year after the closure of the chaotic Sabon Gari open drug market, followed enhanced quality control and regulatory measures implemented at the …

The Economic and Financial Crimes Commission (EFCC) has called on the members of the National Assembly to enact a law against unexplained wealth in the country. The EFCC said the law will boost the fight against economic and financial crimes and other acts of corruption. The EFCC chairman, Ola Olukoyede, made the call at the National Conference on Public Accounts and Fiscal …

The Association of Community Pharmacists of Nigeria (ACPN) has announced its resolve to transform the nation’s pharmaceutical industry into a $10 billion sector within the next five years. This effort is being driven by substantial local investments in Active Pharmaceutical Ingredient (API) production aimed at strengthening medicine security and making Nigeria a leading drug manufacturing hub in Africa. ACPN National …

The Network of Digital Newspaper Editors (NDNE) has commended the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for what it described as a bold and transformational push in the infrastructural development of the nation’s capital city. In a period of one month, the FCT administration under Barrister Wike, alongside Minister of State, Dr. Mariya Mahmoud, has commissioned 17 …

President Bola Tinubu on Saturday has disclosed to the Brazilian counterpart, Luiz Inacio Lula Da Silva, that he is working to remove all bottlenecks hindering Nigeria’s agric sector boom, especially bureaucracy, which he said contributes to delays in realising the sector’s potential. He said this will enable food sovereignty and export for the country in areas such as livestock production. …

The Nigerian stock market rebounded on Wednesday, July 2, 2025, reversing four days of bearish trend with a gain of N378 billion. The Nigerian Exchange Limited (NGX) market capitalisation rose by N378 billion, representing 0.5 per cent, closing at N76.179 trillion, up from N75.801 trillion on Tuesday. The All-Share Index (ASI) also increased by 598.67 points or 0.5 per cent, …

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has noted that there will be temporary disruption of SIM-related services across all mobile networks in Nigeria. ALTON made this known in a statement signed by its Chairman, Gbenga Adebayo, and Publicity Secretary, Damian Udeh, on Tuesday, July 1, 2025. Adebayo said the disruption follows a directive from the National Identity …