Nigerian Manufacturers Spend ₦1.35 Trillion on Alternative Power in 2025

Nigerian manufacturers spent an estimated ₦1.35 trillion on alternative power in 2025, representing an increase of about 23 per cent from the ₦1.1 trillion recorded in 2024, as businesses continue to grapple with the high cost of keeping their factories running. The rising expenditure highlights the growing financial pressure on manufacturers operating in an environment…

Moove Shuts Down in Nigeria, Transfers ₦35 Billion Worth of Vehicles to Drivers

Mobility financing company Moove has reportedly shut down its operations in Nigeria and transferred full ownership of vehicles worth approximately ₦35 billion to its current drivers, marking a significant development for drivers who relied on the company to access vehicles for work. The reported move could represent a major turning point for drivers who have…