AfDB Annual Meetings to Spotlight Capital Mobilization and Elect New Leader
The African Development Bank Group (AfDB) is gearing up for its 2025 Annual Meetings, with a central focus on unlocking Africa’s capital to drive sustainable development. This year’s event, scheduled…
Naira rises to N1,618/$ in parallel market
The naira yesterday appreciated to N1, 618 per dollar in the parallel market from N1,620 per dollar on Monday. But, the Naira depreciated to N1,604 per dollar in the Nigerian…
Major Overhaul of Abuja-Kaduna Highway Kicks Off with Presidential Backing
Work has officially commenced on the long-awaited reconstruction of the Abuja-Kaduna section of the strategic Abuja-Kaduna-Zaria-Kano Expressway. The project was flagged off over the weekend at Jere, Kaduna State, by…
Nigeria Rolls Out Survey to Boost Cross-Border Expansion of Digital Service Firms
In a push to strengthen the country’s position in Africa’s digital economy, the Federal Ministry of Industry, Trade and Investment has launched a new initiative aimed at helping Nigerian digital…
PenCom Channels Over N5.5tn into Strategic Investments to Drive Economic Expansion
Nigeria’s pension regulator has allocated over N5.51 trillion towards strategic sectors of the economy as part of efforts to stimulate long-term growth beyond traditional financial markets. According to the National…
Nigeria’s Oil Revenue Threatened as Global Instability Disrupts Market Confidence
Global market turmoil, exacerbated by tumbling oil prices and unpredictable foreign trade measures, is putting significant strain on Nigeria’s economy, according to the nation’s petroleum regulatory authority. Farouk Ahmed, who…
Real estate remains the top hedge against inflation and devaluation – Alonge, NIESV President
In terms of restructuring, we are looking at expanding our branches to promote greater participation of our members in branch activities because of the large geographical delineation of our branches.…
Coalition Pledges to Cut Red Tape and Fast-Track Housing Approvals If Elected
The Coalition is pledging to shake up the sluggish process of environmental approvals for housing projects, promising a dramatic overhaul if it wins the next federal election. Citing delays that…
Lagos Bleeds N14 Trillion Yearly on Generator Fuel, State Government Reveals
Lagos residents are spending a staggering N14 trillion every year just to fuel generators, according to Biodun Ogunleye, Lagos State Commissioner for Energy and Mineral Resources. Speaking at the Lagos…
Nigerian Jeweller Jailed for Rejecting Naira in Dollar-Only Sale
A Federal High Court in Ikoyi, Lagos, has sentenced businessman Uzondu Chimaobi to four years in prison for refusing to accept the naira as a legal form of payment, opting…