The Naira, which has seen steady appreciation against the Dollar all week, closed stronger on Friday, trading at ₦1,580.44 in the official forex market. Data from the Central Bank of Nigeria’s website... Read more »
Rural Electrification Agency (REA) has expressed concern over the low number of renewable energy jobs in Nigeria, revealing that only about 70,000 people are employed in the sector despite the country’s vast... Read more »
The federal government, through the National Insurance Commission (NAICOM) plans to enforce Insurance for Public Buildings and Buildings Under Construction to deepen insurance penetration in the country. To this end, it convened... Read more »
NEM Insurance Plc has recorded a 88 per cent increase in its revenue from N52.1 billion in 2023 to N97.9 billion in 2024, even as its claims payment rose to N24.9billion in... Read more »
Linkage Assurance Plc has been assigned a Long-Term Issuer Credit Rating (ICR) of “B+” by AM Best, a leading global credit rating agency. The outlook for both the credit rating and the... Read more »
Prudential Zenith Life Insurance Limited (PZL) has appointed Tokunboh Ishmael as its new chairman and Funmilayo Abimbola Omo as the new managing director/chief executive officer(CEO). These strategic appointments follow Prudential Plc’s recent... Read more »
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasised the crucial role of the Nigeria’s capital market in achieving the nation’s ambitious goal of attaining a $1 trillion... Read more »
Experts and other stakeholders in the maritime sector have reasoned that the passion with which the Akwa Ibom State Governor, Pastor Umo Eno, has brought to bear on Ibom Deep Seaport project... Read more »
Some participants at a one-day sensitization workshop on the need to maintain standards, organized by the Standards Organization of Nigeria (SON) in Yola today, have described it as very rewarding. Chief Samuel... Read more »
Lagos State Governor, Babajide Sanwo-Olu, has approved the establishment of the Apapa Central Business District Agency which aims to tackle infrastructure maintenance challenges and foster a conducive business environment in the state.... Read more »
Nigeria’s headline inflation rate dropped to 23.71 percent in April 2025, relative to 24.23 percent recorded in March 2025, representing a decrease of 0.52 percent from March 2025 figure. This is contained... Read more »
The Bank of Agriculture (BOA) has announced plans to launch a nationwide loan recovery campaign aimed at reclaiming over N20 billion in non-performing loans, as it seeks to recapitalise and reposition itself... Read more »
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the... Read more »
The Nigerian Naira has seen dramatic fluctuations in its exchange rate against the U.S. Dollar over the past few decades, with several significant spikes in value devaluation that have had far-reaching impacts... Read more »
Thousands of small businesses across Lagos are set to gain access to affordable financing, as Sterling Bank throws its weight behind a new credit scheme that removes the usual roadblocks to growth.... Read more »
The Nigerian Maritime Administration and Safety Agency (NIMASA) on Monday, said that the Cabotage Vessels Financing Fund (CVFF), would be disbursed to indigenous Shipowners at single-digit interest rate. This was disclosed by... Read more »
Global business optimism declined slightly in Q2 2025, according to Dun & Bradstreet (D&B’s) latest Global Business Optimism Insights (GBOI) report. The quarterly sentiment tracker from the global business information provider recorded... Read more »
In a commendable effort that demonstrates corporate responsibility and community engagement, LG Electronics Nigeria has inaugurated a solar-powered borehole in the Illah community of Oshimili North Local Government Area, Delta State. This... Read more »
The organised labour in Power sector, the National Union of Electricity Employees (NUEE) has raised concerns over the unbundling of the Transmission Company of Nigeria (TCN), even as it warned against alleged... Read more »
Nigeria’s telecommunications sector witnessed a notable decline in internet users following a 50 per cent tariff hike on voice, data, and SMS services implemented in January 2025. According to the News Agency... Read more »