Latest in
By Damilare Adeleye Telecommunications giant Bharti Airtel has announced that its global subscriber base has surpassed 650 million, positioning it as the second-largest telecom operator in the world by customer count. The company disclosed this in a statement released in Lagos, noting that the milestone reflects its expanding global footprint and capacity to deliver services ...
Nigeria's industrial and financial heavyweights have moved to deepen a partnership that has quietly underpinned decades of enterprise growth, as the Founder and Chairman of BUA Group, Abdul Samad Rabiu, hosted the Chairman of United Bank for Africa (UBA), Tony Elumelu, and his executive management team at BUA Group's corporate headquarters in Lagos. More than ...
Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, on Tuesday, launched the Third Edition of the Lagos Economic Development Update (LEDU 2026), organized by the Lagos State Ministry of Economic Planning and Budget Speaking at the event held at the Marriott Hotel, Ikeja, Lagos, Sanwo-Olu who was represented by the his Deputy, Dr. Kadri Obafemi Hamzat ...
By Imisioluwa AfunmisoNigerians planning Easter travel are facing a hike in transportation as airfares on major domestic routes across Nigeria have surged ahead of the Easter holiday, with some one way tickets climbing as high as N253,000, far above typical price ranges.Reports shows that fares on the busy Lagos–Abuja route, which usually range between ₦60,000 ...
The Court of Appeal sitting in Lagos has overturned a N507 million judgment previously awarded against Guaranty Trust Bank (GTB) in a dispute involving Chashar Farms Ltd, a company linked to former Akwa Ibom State Governor Udom Emmanuel. In a ruling delivered on Monday, Justice Okong Abang nullified the earlier decision of the Lagos State ...
The African Export-Import Bank (Afreximbank) has successfully concluded a landmark $2-billion three-year dual-tranche syndicated term loan facility, marking the largest syndicated borrowing in the institution's history. The facility, which was finalized on March 9, 2026, comprises two segments: a $1.73 billion USD tranche and a €228 million EUR tranche. Initially launched with a target of ...
The Nigerian Exchange (NGX) commenced the trading week on a bearish note, with the equity segment recording a loss of ₦275.14 billion on Monday. The downturn reflected a broader sell-off that pulled the market capitalization down to ₦128.69 trillion. The benchmark All-Share Index (ASI) declined by 0.21%, closing at 200,484.43 points. This negative performance retracted ...
BUA Foods PLC has declared arevenue of ₦1.5 trillion for the full 2025 fiscal cycle, representing a 109% increase from the ₦729.4 billion recorded in the previous year. The company’s audited financial statements, released on Monday, reveal that pre-tax profit soared to ₦289 billion, marking a 167% year-on-year growth despite significant macroeconomic headwinds and a ...
By Seyifunmi Azeez The Federal Government of Nigeria has awarded a total of around ₦2.2 billion in equity‑free grants to 45 student‑led ventures emerging from the 2026 Student Venture Capital Grant (S‑VCG) Bootcamp, an initiative designed to support youth entrepreneurship and innovation. The awards were announced on Monday by the Minister of Education, Dr. Tunji ...
The Federal Government, through the Ministry of Communications, Innovation, and Digital Economy, has called for Expressions of Interest (EOI) for the establishment of Digital Economy Research Clusters, backed by a ₦12 billion funding pool. This initiative is designed to foster innovation in critical areas such as Artificial Intelligence (AI), Blockchain Technology, Cybersecurity, and the Internet ...
The Chartered Institute of Bankers of Nigeria (CIBN) has announced the election of Dr. Dele Alabi as its 24th President and Chairman of Council, following its Annual General Meeting (AGM) and elections held in Lagos on Saturday, March 28, 2026. This transition marks a significant milestone in the Institute’s leadership succession, occurring as the banking ...
By Ejire Folakunmi Lagos State has been ranked among the top 10 performing states in Nigeria’s ease of doing business index, alongside Kaduna, Oyo, the Federal Capital Territory (FCT), Ogun, Enugu, Plateau, Ekiti, Kano and Nasarawa. The ranking is contained in the 2025 Subnational Ease of Doing Business Report, which highlights significant improvements in states ...
By Ejire Folakunmi Nigerian billionaire businessman, Femi Otedola, has stirred a wave of reactions online after sharing a video of himself enjoying a bike ride in Singapore. The Chairman of FirstHoldCo posted the clip on a sunny Thursday, showing him cycling past the iconic Marina Bay Sands, dressed casually in a white T-shirt and khaki ...
As the Central Bank of Nigeria intensified its recapitalization mandate against a backdrop of record-high inflation and a volatile Naira, Zenith Bank PLC and Guaranty Trust Holding Company (GTCO) PLC took divergent paths to growth. While GTCO leaned into its reputation for surgical efficiency and digital leaness, Zenith Bank utilized its massive balance sheet to ...
The Central Bank of Nigeria (CBN) has announced a new regulatory framework for International Money Transfer Operators (IMTOs), mandating the use of designated Naira settlement accounts for all diaspora inflows. The directive, aimed at enhancing transparency and liquidity in the official foreign exchange market, is set to take full effect on May 1, 2026. According ...
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN has declared that individuals opposing the recent resolution of the OPL 245 dispute are prioritizing selfish interests over national patriotism. In a statement issued on Wednesday, the Attorney-General referenced a publication from the Atiku Abubakar Media Office describing the former Vice President’s comments as a ...
…warns of global energy volatility impacts Africa's richest man, Aliko Dangote has expressed strong optimism regarding the economic benefits of President Bola Ahmed Tinubu's recent state visit to the United Kingdom, predicting that the resulting bilateral agreements will open the floodgates for further international investments in Nigeria. Speaking to journalists after a courtesy visit to ...
Zenith Bank Plc has announced the appointment of Mr. Kennedy Onuwa Okwudili as an Executive Director of the bank effective May 1, 2026. The appointment, which is consistent with the bank’s tradition and succession strategy of grooming leaders from within, will further strengthen the bank’s Executive Management. Mr. Okwudili graduated with a Bachelor of Science ...
By Yunusa Oluwatomiwa In a letter penned to mark his birthday on March 22, 2026, the Founder of the Tony Elumelu Foundation, Tony Elumelu, has emphasized that Africa’s greatest resource lies in its people, noting that entrepreneurship remains a critical driver of the continent’s economic transformation. The reflections in his letter coincided with an event ...
Heirs Energies has announced a $10 million financial commitment to support 2,000 African entrepreneurs across two programme cycles, operating in direct partnership with the Tony Elumelu Foundation (TEF). This massive capital injection is driven by the energy company's foundational belief that sustainable energy development must be inextricably linked with sustained investments in human capital and ...
Human rights lawyer Femi Falana has heavily criticized the recently signed Migration Partnership Agreement between Nigeria and the United Kingdom, asserting that it cannot be legally enforced. The agreement, announced during President Bola Tinubu’s state visit to the UK last week, is designed to expedite the deportation of Nigerians lacking legal residency rights, including foreign ...
The first quarter of the year would soon come to an end, and your financial goals for this quarter are not looking very achievable.We're not here to judge; things are hard, and you’re quickly realizing that your meagre salary is not going to cut it.All the explanations your boss is giving you when you ask ...
Heirs Energies has revealed its plan to empower 1,000 additional entrepreneurs in 2026. Heirs Energies Chief Executive Officer, Osa Igiehon made this known at the 2026 Tony Elumelu Foundation Selection Announcement in Abuja. This is the company reaffirmed its commitment to fostering grassroots economic growth by announcing a massive new wave of support for young business owners. ...
