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Rite Foods Among Nigeria’s Top 50 Impact Companies

By Ayomide Otitoju Rite Foods Limited has been recognised among the Top 50 Nigerian Companies of Impact for 2026 at this year’s Industry Newspaper Awards. The recognition honours organisations contributing to Nigeria’s economic and social development through innovation, sustainability, job creation and measurable impact. Rite Foods was recognised for its investments in modern manufacturing infrastructure,…

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NNPC, Partners Sign Bonga Southwest Deal Ahead of FID

By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd) and the OML 118 contractor parties have signed addenda to the Production Sharing Contract (PSC) and Dispute Settlement Agreement (DSA), marking a major step towards the Final Investment Decision (FID) on the Bonga Southwest, Aparo (BSWAp) deepwater project. The agreements were executed by NNPC…

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FCMB-Backed Agritech Startups Eye African Expansion

By Ayomide Otitoju Nigerian agritech startups supported by First City Monument Bank (FCMB) are preparing to expand into other African markets as the bank seeks to scale homegrown agricultural technology solutions across the continent. FCMB disclosed this in its AgriTech Alumni Impact Report, highlighting ventures such as AgroCist and Crop2Cash as examples of startups with…

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Sanwo-Olu Targets 3,500MW Power Supply in Lagos

By Ayomide Otitoju Lagos State Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to ending persistent blackouts and achieving 24-hour electricity supply across the state. Sanwo-Olu said the Lagos State Government would work with key stakeholders to increase available electricity supply to about 3,500 megawatts (MW) through coordinated efforts in generation, transmission, distribution and metering….

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