By GLEBM News Desk Nigeria’s maritime sector is being positioned for a larger role in the national economy as the Nigerian Maritime Administration and Safety Agency moves to unlock an estimated ₦5 trillion in economic opportunities within the sector. The initiative is expected to focus on improving maritime operations, strengthening local participation and increasing the…
By GLEBM News Desk Nigeria’s food and agricultural trade has come under renewed scrutiny as stakeholders push for a stronger transition from dependence on imported food to a more export-oriented agricultural economy. The latest discussions have highlighted the scale of Nigeria’s food import requirements, with stakeholders calling for greater investment in domestic production, processing, storage…
By GLEBM News Desk Dangote Petroleum Refinery and Petrochemicals recorded a $1.82 billion net profit in the first half of 2026, marking a sharp turnaround from the $476 million loss recorded for the whole of 2025. The refinery generated more than $13 billion in revenue during the first six months of the year as disruptions…
By GLEBM News Desk The unprecedented demand generated by the Dangote Petroleum Refinery public offering has exposed capacity challenges within Nigeria’s digital investment infrastructure, after some investment platforms experienced service disruptions during the opening day of the offer. Thousands of prospective investors attempted to access digital platforms simultaneously to participate in the landmark transaction. One…
By GLEBM News Desk Nigeria has recorded more than five million new off-grid electricity connections between 2025 and 2026, highlighting the accelerating role of distributed solar power in expanding electricity access across the country. The growth reflects increasing reliance on decentralised energy solutions as households, businesses and communities seek alternatives to limitations within the conventional…
By GLEBM News Desk Nigeria has recorded more than five million new off-grid electricity connections between 2025 and 2026, highlighting the accelerating role of distributed solar power in expanding electricity access across the country. The growth reflects increasing reliance on decentralised energy solutions as households, businesses and communities seek alternatives to limitations within the conventional…
By GLEBM News Desk Nigeria’s startup ecosystem recorded a sharp rebound in August, with startups raising approximately $364.1 million across 20 companies, signalling renewed investor interest in the country’s technology and innovation economy. The August figure represents a dramatic increase from the $4.9 million raised by six startups in July. The funding was also significantly…
By GLEBM News Desk Nigeria is targeting a major expansion of its natural gas industry, with plans to increase national gas production to 12 billion cubic feet per day by 2030 as the country seeks to turn its vast reserves into a stronger source of energy, industrial growth and export revenue. The strategy includes an…
Brent crude approached $110 per barrel on Friday as Middle East tensions disrupted energy markets, raising fresh inflation and interest-rate concerns globally. By GLEBM News Desk Global crude oil prices have climbed sharply this week, with Brent crude approaching $110 per barrel as escalating tensions in the Middle East raise concerns about prolonged disruptions to…
Nigeria Customs has intercepted 13 containers containing suspected illicit and expired goods valued at ₦43.58bn at the Apapa port in Lagos. By GLEBM News Desk The Apapa Area Command of the Nigeria Customs Service has intercepted 13 containers containing suspected illicit and expired products valued at ₦43.58 billion, in a major enforcement operation at the…
