Nigerian businesses require more than just loans for growth, according to Finance Minister Taiwo Oyedele. He highlighted the need for patient capital, experienced investors, and institutional support to overcome persistent barriers.

Nigeria's 13th Energy conference in Lagos (Oct 27-29) will focus on grid stability and investment, bringing together 1,500+ experts to tackle persistent power challenges and improve electricity delivery.

Nigeria is launching the Marine and Blue Economy Expo (NIMBEX) to become Africa's maritime investment hub. Minister Oyetola inaugurated a committee to attract investors and unlock the nation's marine wealth for economic growth and job creation.

SON has launched a national cylinder recirculation programme using digital identification to boost LPG safety and track gas cylinders nationwide. The initiative aims to improve cylinder quality control and protect consumers from unsafe equipment.

Lagos State will deploy 2,000 LASTMA officers for 'Detty December' to manage traffic and improve road safety. This follows the tragic loss of 22 LASTMA officers in 2025, highlighting the challenges of traffic management in the state.

Coleman MD George Onafowokan states that integrity and character are vital for sustainable business and economic growth, surpassing material wealth. He warns that an entitlement mentality is a significant threat to businesses.

Unilever Nigeria declares N11.5 billion interim dividend as net profit hits N26.4 billion for the nine months ended Sept 30, 2026. Revenue grew 18% to N184 billion.

FG begins new power project in Kaduna's Rigasa community to resolve 15 years of inadequate electricity supply. The project includes new power lines and a substation.

NDLEA has arrested a South African woman with 36.65kg of cocaine at Lagos airport. The suspect was intercepted at MMIA while attempting to board a flight to South Africa with the drugs concealed in her luggage.

NDC names Seriake Dickson as Chairman and Peter Obi as Co-Chairman of its 2027 National Campaign Council. Key appointments include Babachir Lawal and Rabiu Kwankwaso. The campaign council inaugurates today in Abuja.

Ogun youths have endorsed President Tinubu and APC candidates, citing the proposed $7bn Gateway Deep Sea Port project and other development initiatives. The group believes these projects will transform the local government area and create significant economic opportunities.

Professionals are urged to preserve independent thinking and personal judgment as AI tools become more prevalent in the workplace. Experts warn that over-reliance on AI could lead to generic communication and that efficiency must not replace critical thought.

AXA Mansard Insurance Plc may offer untaken shares from its N18.3bn rights issue to new investors to ensure full capital raise completion. Shareholder approval has been obtained, and the board will finalise terms pending regulatory nod.

Businesses are warned against relying on single AI models. Experts advise building flexible tech architectures to adapt to rapid AI evolution and avoid rising costs and infrastructure inflexibility.

Lasaco Assurance Plc has cut its net cash outflow from operations to N416.82m in Q3 2026, a massive improvement from N9.64bn in the prior year. This was driven by reduced claims and commission payments, boosting cash reserves to N33.76bn.

PalmPay is supporting the Nigeria Police Force's cybersecurity awareness campaign for the second year, focusing on combating electronic payment fraud. Losses have reportedly decreased, but continued vigilance against digital threats is essential.

Lagos State launches 'Smart Teens Advocacy Initiative' to combat sexual abuse among adolescents. The program aims to equip students with knowledge to prevent and report sexual violence.

Bank of Agriculture intervention revives Kaduna ginger farms after blight devastation. Over 3,400 farmers are benefiting from new planting materials and expert support, aiming to rebuild Nigeria's ginger industry.

Nigeria's electricity sector crisis is systemic, affecting gas supply, generation, transmission, distribution, and billing, not just power output. Effective regulation requires more than laws; it needs operational capacity and accountability to ensure reliable power and fair billing.

Fortis Global Insurance Plc has approved its unaudited Q3 2026 financial statements. The insurer will file the report with regulatory authorities by October 30, providing details on revenue, claims, and profitability for the first nine months of the year.