Nigeria is witnessing a sharp rise in egg prices, with a crate now selling for as much as ₦8,500 in some retail outlets, driven by a nationwide shortage of day-old chicks (DOCs) that has disrupted poultry production. Findings show that farm gate prices have climbed to about ₦5,500 per crate, up from ₦5,000 in January 2026. At the retail level, eggs now sell between ₦6,000 and ₦6,500 depending on size, while supermarkets and large grocery stores charge between ₦7,000 and ₦8,500, reflecting rising logistics and operating costs. Industry stakeholders identify the shortage of DOCs, a key input in egg production,…
Author: Elvis Eromosele
The Confederation of African Football (CAF) has appointed Nigeria’s Samson Adamu as Acting Secretary-General, marking the first time a Nigerian has occupied the influential role in the organisation’s more than 70-year history. The appointment was ratified on Sunday at CAF’s Congress in Cairo, following his nomination by the CAF Executive Committee, according to the Nigeria Football Federation. Adamu takes over from Veron Mosengo-Omba of the Democratic Republic of Congo, who stepped down to contest the presidential election of his country’s football federation (FECOFA). Before his elevation, Adamu served as CAF’s Director of Tournaments and Events, where he played a key…
The Bank of Industry (BoI), in collaboration with UNIDO and other stakeholders, has mobilised about ₦825 million to support investments in renewable energy, energy efficiency, recycling, and cleaner production across Nigeria. The funding was created through a First Loss Loan Guarantee Facility designed to de-risk green investments and encourage financing for environmentally sustainable projects. Dr. Olasupo Olusi, Managing Director of BoI, represented by Executive Director, Risk and IT, Ifeoma Uzuokpala, disclosed this in Abuja at the closing ceremony of the Resource Efficient and Cleaner Production (RECP) and Industrial Energy Efficiency Programme. He revealed that 23 enterprises across key sectors, including…
The Coalition of Microlending and Cooperative Institutions in Nigeria (COMCIN), in partnership with NEAT Microcredit, has launched a N100 million loan facility to boost small and medium-scale enterprises (SMEs) and deepen financial inclusion across the country. The fund, which will be disbursed through participating microfinance institutions (MFIs), is designed to reach grassroots entrepreneurs who are often excluded from traditional banking systems. Speaking on the initiative, Micheal Ogbaa, COMCIN Executive Director, said the scheme aims to strengthen micro-lending institutions while expanding access to affordable credit for small businesses, particularly women and youth operating in the informal sector. According to him, COMCIN…
The Federal Government has launched the Entrepreneurship, Innovation and Business Incubation Certification (EIBIC) programme across 14 universities, marking a major push to embed entrepreneurship and innovation into Nigeria’s higher education system. The initiative was unveiled in Abuja by the Minister of Education, Tunji Alausa, at an event themed “Driving Entrepreneurship and Innovation and Building the Next Generation of Leaders.” The programme is designed to equip students with practical business skills, innovative thinking, and the capacity to transform ideas into viable enterprises, regardless of their field of study. Speaking at the launch, Alausa said the initiative is both timely and strategic,…
The Federal Government has opened registration for a nationwide initiative aimed at training 10 million Nigerians in financial literacy and inclusion, targeting improved economic participation and wealth creation. The programme, driven by the Office of the Vice President through the Presidential Committee on Economic & Financial Inclusion (PreCEFI), is designed to equip citizens, particularly women and youth, with essential financial, digital, and entrepreneurial skills. Speaking at the launch in Abuja, Vice President Kashim Shettima, who chairs PreCEFI, described the initiative as a transformative step toward building a financially empowered population. He was represented by Dr. Tope Fasua, Special Adviser to…
The West African Examinations Council has released the results of the 2026 Computer-Based West African Senior School Certificate Examination (CB-WASSCE) for private candidates, with 32.72 per cent achieving five credits, including English Language and Mathematics. In a statement issued on March 27, the examination body said the results reflect an improvement in performance compared to previous years. The examination, conducted between January 28 and February 14, 2026, took place across 166 centres nationwide. Marking was carried out in Lagos, Enugu, and Kaduna by 608 examiners. A total of 10,523 candidates registered for the examination, representing an 11.49 per cent increase…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has revealed that 32 Nigerian banks have already met the new minimum capital requirements under the ongoing recapitalisation programme, marking a major milestone for the sector. Speaking at a Monetary Policy Forum in Abuja, Cardoso described the level of compliance as “commendable,” noting that it significantly strengthens the banking system’s ability to support long-term investment and economic growth. He emphasised that the recapitalisation drive is central to Nigeria’s ambition of building a $1 trillion economy, positioning banks to mobilise capital more effectively and support productive sectors of the economy. According to…
Africa is grappling with a housing deficit exceeding 50 million units, a shortfall experts warn could surge to 130 million by 2030 without urgent and coordinated intervention. This projection was disclosed by Festus Adebayo, Convener of the Africa International Housing Show, in a statement ahead of the event’s 20th edition. The growing gap is being driven by rapid population growth, accelerating urbanisation, and deep-rooted structural challenges in housing delivery across the continent. Beyond the lack of shelter, the crisis is having far-reaching consequences. More than 200 million Africans currently live in informal settlements, with implications for public health, job creation,…
Didi Esther Walson-Jack, Head of the Civil Service of the Federation; Dr. Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission, during a courtesy visit to the Head of the Civil Service of the Federation, on March 25, 2026, in Abuja.