•N94trn lost to divestments, business closures By Yinka Kolawole The harsh economic environment led to the closure of about 30 percent of Micro and Small Medium Enterprises (MSMEs) in Nigeria, amounting to about 7.2 million of the country’s estimated 24 million MSMEs, between 2023 and 2024, the Nigerian Economic Summit Group (NESG) has stated. Chief Economist and […]

By Dele Sobowale “It never rains roses; if you want more roses, you have to plant more roses.” George Elliot, 1819-1880. After several months of trial and error, the Central Bank of Nigeria, CBN, is finally on the right track. Exchange rate is stabilising; the gap between official and parallel market rates has been closed. For […]

By Babajide Komolafe Transnational Corporation Plc has recorded 132 per cent growth in Profit Before Tax, PBT to N136.7 billion in the operating year ended December 2024 from  N58.8 billion in the previous year. The Company disclosed this  in its audited results for the year, which showed  that the surge in PBT was driven by a […]

…As oil price intensifies decline •Bonny light hits new low  •Decline will continue this week – Analysts  •Global energy analysts give reasons for the decline By Obas Esiedesa & Ediri Ejor  The renewed trade war between the United States of America, USA, and some developed economies has put more pressure on crude oil prices bringing more threat […]

AS Nigerians hope to see food prices reducing soon, the Federal Government, Monday, disclosed efforts in transforming South-South smallholder farmers and lands into food production powerhouse.

By Peter Egwuatu  The Nigerian stock market closed in a negative territory at weekend following selloffs in some blue chip companies across the sectors of the market. This came despite the declining yields in the fixed income market. Usually, the markets move in opposite directions. The selloffs were majorly driven by the losses recorded in […]

A 14-year-old Nigerian autistic artist, Kanyeyachukwu Tagbo Okeke, has broken the Guinness World Record for the Largest Painting, creating a massive artwork measuring 12,303 square meters titled “Impossible is a Myth.”

By Babajide Komolafe, Economy Editor In the first two months of this year, Nigerians witnessed steady appreciation of the Naira and convergence of the official and parallel markets exchange rates around N1,500 per dollar. The above development, which hugely contrasts   with the volatility, steady depreciation   of the Naira which characterised the same period of last year, resulted from […]

…urge Northern governors to prioritise education By Luminous Jannamike ABUJA – Leaders of the Christian Association of Nigeria (CAN) from the 19 Northern States and the Federal Capital Territory (FCT) have reaffirmed their confidence in Rev. John Joseph Hayab as the duly elected Chairman of the region, dismissing claims by the former leadership that they […]

The calls from various quarters for the immortalisation of Professor Humphrey Nwosu, the Chairman of the National Electoral Commission, NEC, which mid-wifed the acclaimed freest, fairest and most peaceful election in Nigeria’s history, should appeal to us as something to identify with. Gradually, even if sometimes reluctantly, successive regimes, major players and concerned political interest […]