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By Matthew Denis The Deputy National Chairman of Nigerian Institution of Highway and Transportation Engineers (NIHTE), Engr. Dr. Bola Mudasiru disclosed that smart infrastructures effects revolutionizing urban development through leveraging technology to achieve sustainability and efficiency. He made the disclosure during his presentation at the Zimbabwe Institution of Engineers International Conference held recently. Dr. Bola ...
By Seun Ibiyemi Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent year-on-year in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024. The latest figures were released by the National Bureau of Statistics (NBS), highlighting broad-based growth across key productive sectors ...
By Seun Ibiyemi The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined the apex bank’s strategic priorities for 2026, declaring that the coming year will focus on strengthening the banking sector, protecting depositors, modernizing payment systems, deepening financial stability, and bolstering Nigeria’s economic resilience. Speaking at the annual Bankers’ Dinner hosted ...
Zenith Bank Plc has reasserted its dominance in the Nigerian financial services sector, sweeping the most coveted categories at the Nigerian NewsDirect 15th Anniversary and Awards Ceremony held in Lagos. In a night that celebrated excellence and corporate resilience, Zenith Bank was declared the "Bank of the Year," while its Group Managing Director/CEO, Dame (Dr) ...
By Seun Ibiyemi Nigeria’s credit to the private sector recorded a modest rebound in October, rising to N74.41 trillion from N72.53 trillion in September, signaling renewed lending activity following a five-year high interest rate environment. The increase comes after private sector credit had fallen to an 18-month low in September, according to the latest data ...
By Seun Ibiyemi Former Vice President Atiku Abubakar has accused the administration of President Bola Tinubu of engaging in massive financial recklessness following reports that the Nigerian National Petroleum Company Limited (NNPCL) spent ₦17.5 trillion on pipeline security and related expenses within one year. In a statement released on Sunday via his X handle, Atiku ...
It was a night of accolades and industry affirmation for the Nigerian banking sector as Access Bank Plc, Fidelity Bank Plc, and United Bank for Africa (UBA) emerged winners at the Nigerian NewsDirect 15th Anniversary and Awards Ceremony. Held in Lagos, the event brought together captains of industry, political heavyweights, and media executives to celebrate ...
By Seun Ibiyemi The Board of Directors of the African Development Bank (AfDB) Group has approved a $500 million loan facility for Nigeria to finance the second phase of the Federal Government’s Economic Governance and Energy Transition Support Programme. The approval was announced by the Director-General of the AfDB’s Nigeria Country Department, Abdul Kamara, in ...
Nigeria LNG Limited (NLNG) and the Nigerian Content Development and Monitoring Board (NCDMB) have opened talks on a strategic collaboration to support NLNG’s major asset intervention programme for Trains 1–6 of its Bonny Island plant. This was contained in a statement jointly signed by Sophia Horsfall, NLNG’s General Manager, External Relations and Sustainable Development, and ...
The Federal government has launched a new technology-driven revenue system, the Revenue Optimisation and Assurance Project - REVOP, an initiative designed to redefine how the nation tracks, collects, and manages its public finances. It was launched alongside the Federal Treasury Receipt (FTR), a groundbreaking reform that provides a single, standardised, and digitally verifiable proof of all payments ...
...as operations set to begin Q1 2026 The Federal Government has officially granted approval for the Victor Attah International Airport in Akwa Ibom State to commence full international flight operations. This development was confirmed on Thursday following a high-level meeting between Governor Umo Eno and the Minister of Aviation and Aerospace Development, Festus Keyamo. The ...
...Foreign-exchange reserves rise 9.19% to $46.7bn ...Nigeria records N2.06trn VAT in Q2 2025 — NBS By Seun Ibiyemi The Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 27 per cent, explaining that earlier tightening measures are beginning to show results and that maintaining stability is essential for the next phase of ...
Annual Bankers’ Dinner organised by The Chartered Institute of Bankers of Nigeria (CIBN). The high-profile event, scheduled for 28 November 2025, remains one of the most prestigious gatherings in Nigeria’s financial sector and will take place in Lagos this weekend. Recognised as a major agenda-setting platform, the Annual Bankers’ Dinner offers the CBN Governor the ...
The Federal Inland Revenue Service (FIRS) has accused former Vice President, Atiku Abubakar of politicizing a purely administrative process. The FIRS response comes amidst allegations by former Vice President Atiku Abubakar suggesting that a private firm, Xpress Payments, had been granted exclusive rights in Nigeria’s national revenue-collection system. In a statement issued by Aderonke Atoyebi, Technical Assistant ...
The Accountant General of the Federation (AGF), Dr Shamseldeen Babatunde Ogunjimi has unveiled sweeping reforms aimed at deepening transparency in the management of World Bank-funded projects across Nigeria. The measures were outlined on Tuesday during a workshop for Accountant-General officials, Heads of Project Financial Management Units, and Coordinators of World Bank-assisted programmes held at the Treasury House ...
History was made in Lagos on Tuesday, as 13-year-old Ebunoluwa Seth Oluwatimilehin, of Igando Community Senior High School, Igando, a suburb of Lagos, emerged as the overall winner of 15th UBA Foundation National Essay Competition (NEC), thus becoming the youngest winner in the fifteen years of the competition. Master Ebunoluwa, a public school student of ...
Prominent business leader and philanthropist Tony Elumelu has charged Nigerian entrepreneurs to scale for purpose and build lasting institutions. Elumelu made this known when he spoke at the GROW Nigeria Conference in Lagos recently. Speaking on the theme, "Empowering Nigeria's Entrepreneurs: Building Institutions That Last," Elumelu challenged the nation's business owners to shift their focus ...
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has described the newly launched Maritime Labour E-Platform as a major step toward enhancing efficiency, transparency, and global competitiveness in the country’s maritime labour system. This was stated in statement made available to NewsDirect by Deputy Director/Head, Public Relations, NIMASA, Osagie Edward. At a sensitization workshop ...
By Sofiyyah Layole Nigeria’s palm oil market remains one of the most competitive segments of the country’s agribusiness landscape. We examine two industry leaders, Presco Plc and Okomu Oil Palm Plc, contrasting their distinct paths to growth based on their Q3 2025 results, which reaffirm their respective profitability. Scale vs. Efficiency: The topline contrast The ...
By Seun Ibiyemi The Independent Media and Policy Initiative (IMPI) has revealed that the administration of President Bola Tinubu acquired military assets worth $801 million from the United States within 18 months as part of its defense modernization agenda. In a policy statement signed by its Chairman, Dr. Omoniyi Akinsiju, IMPI said the naira equivalent ...
...says Tinubu's reforms has ended unpredictability of economy By Matthew Denis, Abuja The Vice President, Senator Kashim Shettima, has disclosed that Nigeria must abandon 20th century solutions for a sustainable digital future. The Vice President, who stated this on Tuesday in Abuja when he declared open the Digital Nigeria International Conference and Exhibition 2025, noted that ...
…partners stakeholders on FARMFATECH Expo By Matthew Denis The President of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, has said that Nigeria must embrace mechanised farming and digital agriculture with an effective value chain mechanism to eliminate food shortages and malnutrition in the society. He made this known during his opening ...
United Bank for Africa (UBA) Group Chairman and Founder, Tony Elumelu Foundation, Tony O. Elumelu CFR, a leading advocate for Afri capitalism and transformative private sector leadership, will undertake a high impact working tour across East, Central, and Southern Africa this week. The multi-country visit underscores UBA's unwavering commitment to fostering economic resilience, empowering entrepreneurs, and ...
