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…
By GLEBM News Desk A dispute over the proposed concession of King’s College, Lagos, has escalated into a wider labour confrontation, with activities disrupted across Federal Government Colleges as workers and stakeholders demand greater clarity over the planned arrangement. The disagreement centres on concerns over the proposed transfer of the management of the prestigious Lagos…
By GLEBM News Desk The withdrawal of ride-hailing company Uber from Nigeria has triggered a labour dispute over payments, benefits and other outstanding obligations involving drivers who depended on the platform for their livelihoods. The drivers’ union representing app-based transport workers has issued a 14-day ultimatum demanding discussions over outstanding financial claims and other issues…
By GLEBM News Desk Nigeria’s steel and engineering sector could face renewed industrial disputes if agreements reached between workers, employers and government are not fully implemented, organised labour has warned. The warning comes amid growing concerns over the impact of inflation, rising transportation and food costs and declining purchasing power on Nigerian workers. The union…
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…
AfCFTA and Quest Ghana have signed a $5.17bn joint venture to build digital trade infrastructure connecting African markets, payments and commodities. By GLEBM News Desk The African Continental Free Trade Area (AfCFTA) Secretariat and Ghanaian technology company Quest Ghana Limited have signed a joint venture agreement to establish a $5.17 billion AfCFTA Digital Trade Corridor,…
Uber has ended its 12-year Nigerian operations, highlighting rising costs, intense competition and growing challenges facing the country’s ride-hailing industry. By GLEBM News Desk Global ride-hailing company Uber has ended its operations in Nigeria after 12 years, bringing to a close one of the most prominent chapters in the country’s app-based transportation industry. The company…
