News & Updates

The naira ended the five trading sessions of the week relatively unchanged across various segments of the foreign exchange (FX) market, even as Nigeria’s external reserves posted a modest rebound. At the Nigerian Foreign Exchange Market (NFEM), the naira closed on Friday at N1,530.26 per dollar, representing a marginal depreciation of 0.1 per cent from […]

Mudashiru Obasa, the Speaker of the Lagos State House of Assembly, has called on expatriates in Nigeria to partner the federal and state governments to drive economic growth. This is also as he lauded the organisers of the Expatriates Business Awards for recognising the vital contributions of expatriates to Nigeria’s economic development and Gross Domestic […]

Ecobank Nigeria is facing a mounting financial crisis, exacerbated by the Central Bank of Nigeria (CBN)’s decision to end the moratorium on forbearance exposures for Nigerian banks. According to a corporate disclosure released on July 9, the group, Ecobank Transnational Incorporated (ETI), is looking to raise $250 million in additional tier-1 instruments in 10 days. […]

Nigeria’s drug makers are battling with a rising input cost amid still sky-high inflation and weak naira that have seen their costs almost double in one year, an analysis by BusinessDay has shown. Four of Nigeria’s listed drug makers saw their combined cost of sales surge from N15.5 billion in the first three months of 2024 […]

Nigerian banks have been urged to harness the full potential of Artificial Intelligence (AI) whilst proactively mitigating its risks to deepen financial inclusion and prevent fraud in the financial system. Highlighting the transformative power of technology from the internet to self-driving cars, electric scooters, and hyperloop systems, Olaniyi Yusuf, managing partner at Verraki, a pan-African […]

Ethiopian Airlines Group, Africa’s leading aviation group and one of the fastest-growing airline brands globally, has officially launched a new passenger service connecting Addis Ababa, Ethiopia, with Porto, Portugal. The inaugural flight departed from Addis Ababa Bole International Airport on July 2, 2025, following a vibrant launch ceremony attended by invited guests, dignitaries, and airline […]

Investors and stakeholders in Nigeria’s ginger industry in the Federal Capital Territory, Abuja, have initiated partnerships with each other to harness the potential inherent in ginger to boost the country’s economy. This was the crux of discussions at the Investors’ Forum on Industrial Utilisation of Ginger Value Chains and Its Economic Potentials in the FCT, […]

In Nigeria’s fast-paced Consumer Packaged Goods (CPG) industry, manufacturers are faced with a difficult balancing act. Pressured by inflation, currency volatility, and investor demands for short-term returns, many are focusing on immediate profitability, ultimately at the expense of long-term sustainability. This has led to a widespread misconception: that financial performance and environmental responsibility are mutually […]

… warns against age falsification … JAMB reports best performance as 80.69% score 160 and above in 2025 The Federal Government has officially fixed 16 years as the minimum age for admission into Nigeria’s tertiary institutions, in a move aimed at ensuring academic preparedness and maturity among candidates. Tunji Alausa, Minister of Education, announced the […]

The Senate has commenced moves to amend its internal regulations on disciplinary actions against lawmakers, following a court ruling that faulted its recent suspension of Natasha Akpoti-Uduaghan. At Tuesday’s plenary, Kaka Shehu sponsored the Legislative Houses (Amendment) Bill, 2025, seeking to establish clear and predetermined sanctions for misconduct by members, eliminating the current practice of […]