News & Updates

J.P. Morgan has spotlighted Nigeria’s Open Market Operation (OMO) bills as a standout investment in frontier markets, citing the nation’s improving foreign exchange (FX) reserves and sweeping reforms at the Nigerian National Petroleum Company (NNPC) as key drivers of investor confidence. In its latest emerging markets report, the global investment bank reaffirmed its bullish stance […]

The Nigerian government has ordered the immediate reopening of the Independence Bridge in Victoria Island, Lagos State, because of heavy traffic jams. The Minister of Works, Dave Umahi, gave this order on Wednesday, according to a Daily Post. The full details of the order are not yet known at the time of this report. Read […]

Resilience and agility are no longer buzzwords reserved for tech start-ups or multinational conglomerates; they are essential attributes for every organisation in Nigeria. From small-scale enterprises seeking to expand their customer base to government institutions working to streamline service delivery, the ability to adapt quickly and remain steady under pressure is indispensable. The Strategic Foresight: […]

Nigeria’s domestic air travel declined in 2024, driven by aircraft shortages and soaring ticket prices that placed air travel out of reach for many passengers. Data from the Nigeria Civil Aviation Authority (NCAA) shows a 10 percent drop in passenger traffic, with numbers falling from 12.05 million in 2023 to 11.55 million in 2024. The […]

Akinyemi Law Songwriting Competition has concluded its sixth edition, with Egbaji Jeremiah Otokeh (Boy Bajii) winning first place and a $4,000 cash prize. Isreal Uroko (Ejiyk) and Samuel Ademuyiwa (Sleemsam) secured second and third place, receiving $750 and $250, respectively. Speaking about the competition, convener Akinyemi Ayinoluwa said, “We are excited to announce our winners […]

The Alliance of Sahel States (AES), comprising the junta-led nations of Mali, Niger Republic, and Burkina Faso, has introduced a 0.5 percent levy on imported goods from several West African countries, including Nigeria. The levy, announced on Friday, comes as the three countries distance themselves from the Economic Community of West African States (ECOWAS). It […]

Nigeria’s biggest banks are setting the pace in delivering value to investors, outpacing smaller rivals in shareholder returns. BusinessDay analysed the financial statements of the eight banks to have published their results for 2024 in order to uncover how each one is maximising shareholder value. Access Bank, the largest lender by assets, was not included […]

Industrial & Medical Gases Nigeria Plc, one of Nigeria’s largest manufacturers and distributors of natural resources, has achieved a financial milestone of recording its highest profit in 10 years driven by its strategic financial management in a volatile economic environment. According to the company’s audited financial statement, Profit for the period rose by 99.5 percent […]

President Donald Trump threatened Iran on Sunday with military strikes and economic penalties if Tehran refuses to reach a new nuclear agreement with the United States. In his first comments since Iran rejected direct negotiations with Washington last week, Trump told NBC News that U.S. and Iranian officials were communicating, though he provided no details. […]

Over six months after the approval of a new monthly allowance of N77,000 for members of the National Youth Service Corps (NYSC), the Federal Government has commenced the payment. Although some corps members have confirmed receipt of the new allowance, many across the country are yet to receive. Before the commencement of the payment, many […]