Business News

Senate Committee backs PPPs for housing, urban development

By The Insight Team March 18, 2025 676 0

Emmanuel Kwada The Senate Committee on Land, Housing, and Urban Development has reaffirmed its commitment to supporting Public-Private Partnerships as a key strategy for addressing Nigeria’s housing challenges. Speaking at the Renewed Hope Housing Public-Private Partnership Summit in Abuja on Monday, the Chairman of the committee, Senator Aminu Tambuwal, emphasised Continue Reading

Business

Dangote refinery cuts fuel price by N65

By The Insight Team February 27, 2025 617 0

  Daniel Adaji, Abuja Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit, commonly known as petrol, by N65 per litre, bringing the price down from N890 to N825 per litre. The price cut will take effect from Thursday, February 27, 2025. In an official statement released by the […]Continue Reading

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TikTok, YouTube Top the Chart as Nigeria’s Internet Data Consumption Surpasses 1M Terabytes in 2025

By The Insight Team February 24, 2025 2521 0

By Emmanuel Kwada Nigeria marked a monumental shift in its digital landscape as internet data consumption breached the 1-million-terabyte threshold, a feat propelled by the meteoric rise of TikTok and YouTube. According to a TechCabal report citing Nigerian Communications Commission (NCC) statistics, January 2025 recorded an eye-popping 1,000,930.6 terabytes of data Continue Reading

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Nigeria’s Cocoa Industry Gains $40.5m Boost

By The Insight Team February 18, 2025 849 0

…Johnvents targets 100% traceable cocoa with BII partnership.  By Emmanuel Kwada Nigeria’s cocoa industry has received a boost with a $40.5m investment from British International Investment, the UK’s development finance institution, in partnership with Johnvents Group. This was disclosed by the Head of Office and Coverage Director, BII, Benson Continue Reading

Business

TikTok returns to Apple, Google App stores

By The Insight Team February 14, 2025 677 0

Agency Report TikTok has returned to Apple and Google app stores nearly a month after a new security law forced its removal, AFP journalists confirmed on Thursday. The Chinese-owned social media platform has been at risk of being banned in the United States due to national security concerns over the data it collects from users. […]Continue Reading

Business

Nigeria Faces Economic Squeeze as Tariffs, Charges Skyrocket Across Multiple Sectors

By The Insight Team February 14, 2025 726 0

By Emmanuel Kwada In a concerning trend that has left many Nigerians reeling, tariffs across various sectors have seen significant increases, exacerbating the financial strain on households and businesses alike. Citizens are awakening to a harsh reality as a series of tariff increases hit essential services, from telecommunications to banking and importation. The latest Continue Reading

Banking Business

Retail, Hospitality, Food Industries Top the List as Lagos Records N6.3 Trillion in PoS Transactions in 2024

By The Insight Team February 8, 2025 1351 0

By Emmanuel Kwada The Nigerian economy has witnessed a significant surge in Point of Sales (PoS) transactions in 2024, with the total value of transactions reaching an all-time high of N18 trillion. This represents a 69% increase compared to the N10.7 trillion recorded in 2023. The data, obtained from the Nigeria Inter-Bank Settlement System (NIBSS), […]Continue Reading

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A forensic linguistic analysis of Tinubu’s New Year message

By The Insight Team January 2, 2025 1077 0

Theophilus Abbah President Bola Ahmed Tinubu’s New Year message to Nigerians on January 1, 2025, was the most optimistic of his speeches since he became president 19 months ago. In the speech, he acknowledged hardship in the country as a result of his so-called reforms. Tinubu highlighted positive economic trends, like decreasing fuel prices, trade […]Continue Reading

Business

Global Cement Giant, Holcim Exits Nigeria to Focus on High-Growth Regions, Sells Stake to Chinese Firm for $1 Billion

By The Insight Team December 2, 2024 816 0

By Emmanuel Kwada In a significant move, Swiss cement and building materials manufacturer Holcim has announced its exit from Nigeria after 65 years of operation. The company has signed an agreement to sell its 83.8% stake in Lafarge Africa Plc to China’s Huaxin Cement for $1 billion. Holcim’s decision to exit Nigeria is driven by […]Continue Reading

Business News

FG partners firm on Biogas production across 774 LGAs

By The Insight Team November 14, 2024 622 0

  …Plans 33000 battery swap centres for tricycles, bikes Emmanuel Kwada The Federal Ministry of Innovation, Science, and Technology has announced a partnership with Data Analytics & Solutions International Limited to implement the Sustainable Energy Access Projects across all 774 Local Government Areas in Nigeria. The partnership further plans to establish Continue Reading

Business

Dangote Refinery: Finally, a Solution Nigeria Can’t Import!

By The Insight Team November 12, 2024 622 0

By Abiodun Alade If there’s one burning question on the minds of Nigerians these days, it’s this: why are we paying between N1,000 and N1,500 for a litre of Premium Motor Spirit (PMS)? Sadly, the very people who should be explaining this strange new reality have decided to stay tight-lipped with heads buried in the […]Continue Reading

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We Sold PMS in Dollars, Dangote Refutes N898/Litre Claims

By The Insight Team September 15, 2024 635 0

By Emmanuel Kwada The Dangote Group has dismissed a statement attributed to the Nigerian National Petroleum Company Limited (NNPCL) spokesperson, Olufemi Soneye, claiming that the company sells Premium Motor Spirit (PMS) to NNPCL at N898 per litre. In a press statement released on September 15, 2024, Dangote Group’s Chief Branding and Communications Officer, Anthony Continue Reading