News
Elon Musk loses $45 billion as SpaceX shares tumble after Starship launch setback
1+ day, 2+ hour ago (424+ words) Elon Musk’s net worth dropped below $800 billion after SpaceX shares fell to another all-time low on Friday, wiping out $45.3 billion of his fortune in a single session. SpaceX shares fell 4.4% to around $125 shortly after trading opened on Friday, following an…...
Grene Capital expands Jabi lake mall solar footprint by 150%, raising installed capacity to 1.5 MWp
1+ week, 4+ day ago (287+ words) 1.5 MWp installation delivers 175,000 kWh of clean energy monthly Expansion significantly reduces diesel reliance and strengthens operational resilience at one of Grene Capital’s flagship assets Builds on Jabi Lake Mall’s pioneering status as Nigeria’s first solar-powered mall Grene Capital, the Africa-focused…...
Electricity meter installations hit 357,495 in Q1 2026, highest deployment in five quarters
2+ week, 1+ day ago (332+ words) Nigeria’s electricity distribution companies (DisCos) installed 357,495 electricity meters in the first quarter of 2026, representing the highest deployment recorded in the past five quarters as efforts to close the country’s metering gap gathered pace. The figures are contained in the Nigerian…...
FG inaugurates 6,000-metric-tonne lithium processing plant, largest in Nigeria
2+ week, 2+ day ago (481+ words) The Federal Government has inaugurated a lithium processing plant in Nasarawa State with a daily processing capacity of 6,000 metric tonnes, which is the largest in Nigeria to date. The facility, owned by Diamond New Energy Company Ltd. and located in…...
Nigeria’s new vehicle sales to grow 7.6% in 2026 on Dangote refinery boost – BMI
3+ week, 4+ hour ago (973+ words) Nigeria’s new vehicle sales are projected to grow by 7.6% in 2026, building on an estimated 20% increase recorded in 2025, as improving fuel supply, easing inflation, and supportive government policies strengthen consumer purchasing power. This is according to BMI’s latest Sub-Saharan Africa Autos…...
Elon Musk loses $350 billion in one week as SpaceX shares tumble
3+ week, 5+ day ago (401+ words) Elon Musk’s net worth has fallen by an estimated $350 billion in about one week, dropping to around $1.1 trillion on Tuesday, according to a Forbes report. The trillionaire’s net worth, which stood at $1.4 trillion as of June 16, took a hit as…...
Lagride expands Drive-to-Own scheme as drivers' earnings surge
1+ mon, 16+ hour ago (428+ words) Lagos-backed ride-hailing platform Lagride has expanded its Drive-to-Own vehicle financing programme as it handed over keys to a new set of drivers under the scheme. The vehicle handover ceremony, held at the company’s Alausa hub, marked the second graduation phase…...
Stop Losing Profit: Why Your Business Should Transition to Solar Energy Now
1+ mon, 3+ day ago (367+ words) In the competitive theatre of the Nigerian industrial and financial sectors, corporate leadership is traditionally judged by its ability to navigate macroeconomic volatility. Yet, a silent, unhedged operational drain continues to quietly hollow out corporate margins from within: the catastrophic…...
FG to commence Kaduna two-corridor light rail project next month
1+ mon, 5+ day ago (389+ words) The Federal Government will begin construction of the Kaduna two-corridor light rail project next month, as preparations for full project mobilisation reach an advanced stage. The announcement was made in a broadcast by AIT News on Saturday following a meeting…...
Elon Musk’s trillionaire status and the lesson for Nigeria’s billionaires
1+ mon, 6+ day ago (665+ words) Elon Musk’s net worth surged to $1.1 trillion, becoming the first verifiable trillionaire globally. Meanwhile, on the other side of the African continent, Aliko Dangote, Africa’s richest man’s net worth rise to $36.5 billion after the opening of his enormous refinery, making…...