By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has charged the Federal government to channel all diplomatic efforts towards boosting foreign trade and expanding non-oil exports to the level of trade surplus in 2025. Direct General of LCCI, Dr Chinyere Almona, stated this in a statement responding to the New Year speech by […]

By Elizabeth Adegbesan The net foreign exchange (FX) inflows through the economy rose by 65.7 percent year-on-year (YoY) to $46.92 billion in the first ten months  of 2024 (10m’24) from $28.31 billion in the corresponding period of 2023. Data from the Central Bank of Nigeria, CBN, Economic Report for the review period showed that aggregate forex […]

“All data, metrics and consequent statistics confirm that the Nigerian private sector has borne fully, the negative burdens of the current economic reform”

By Godwin Oritse Logistics expert and former Vice President of the Chartered Institute of Logistics and Transport (CILT), Dr. Alban Igwe, has forecasted a potential 63% growth in Nigeria’s service sector contribution to its Gross Domestic Product (GDP) by 2025. Speaking at the 2024 Nigeria Supply Chain Leadership Summit held at the Movenpick Hotel in Ikoyi, […]

By Ibrahim Hassan-Wuyo Kaduna—A victim of the 2015 bloody clash between the Shiites and soldiers, in Zaria, Kaduna State, Malam Mustapha, who claimed to have been shot by security operatives during the violent encounter, said he is now paralysed. “Today I am paralyzed, moving on a wheelchair. My father and two of my brothers were […]

A Rivers State High Court sitting in Port Harcourt has declared that the Governor of Rivers State, Siminialayi Fubara, has the legal standing to transact businesses with the lawmakers that did not vacate their seat in the State House of Assembly

By Yinka Kolawole  The manufacturing sector remained the top contributor to Value-added Tax (VAT) with a contribution of N395.34 billion, representing 22.21 percent of the N1.78 trillion total VAT collections in the third quarter of 2024 (Q3’24), reaffirming its critical role in Nigeria’s economic development. Recall that the National Bureau of Statistics (NBS) also reported the […]

By Ayoyinka Jegede …commends Daddy GO for giving women voices. The wife of General Overseer of Mountain of Fire and Miracles Ministries, Dr (Mrs.) Folashade Elizabeth Olukoya has called on women across the world to be creative, focused, and determined to make a positive impact this new year. Olukoya, who spoke during the first 2025 […]

Stories by Yinka Kolawole  The Lagos Chamber of Commerce and Industry (LCCI) has projected moderate growth for the manufacturing sector in 2025 predicated on improved infrastructure and enhanced access to foreign exchange, among other factors. President of LCCI, Gabriel Idahosa, made the prediction in a new year statement on the economy. He noted that Nigeria’s manufacturing […]

By Ayoyinka Jegede The General Overseer of Mountain of Fire and Miracles Ministries worldwide, Dr. Daniel Kolawole Olukoya, has been recognised among the 100 Most Reputable Africans for 2025. The list, which was released recently by Reputation Poll International (RPI) in partnership with the Global Reputation Forum (GRF), had the names of other notable Nigerians […]

…As BUA, MTN WAPCO lead gainers  By Peter Egwuatu  The stock market closed the first week of the year 2025 on a positive note, driven by gains in BUA Foods, MTN Nigeria, and WAPCO among others, with investors gaining over N1.253 trillion. The Nigerian Exchange, NGX market capitalisation, which represents total value of investment on the […]

Kenny Fasipe, a musicologist, music producer, music director, multi-instrumentalist and more, turns 60 on January 8, 2025.

The National Quality Council (NQC) in collaboration with the British Standards Institute (BSI) recently organised a Train the Trainers workshop for stakeholders on critical data gathering for the effective implementation of the Nigeria National Quality Policy (NNQP). Chairman/Chief Executive of NQC, Osita Aboloma, said the workshop was one of many capacity development programmes under the Standards […]

Factory activity in Asia, Europe and the US ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China’s fragile economic recovery, Reuters has reported. A manufacturing slowdown in the euro zone intensified last month, with scant signs of a rebound anytime […]

By Jimoh Babatunde The Chief Executive Officer, CEO, of Optiva Capital Partners, Dr. Jane Kimemia, has revealed plans to attract $500 million investments into the hospitality sector in Nigeria in collaboration with Loft & Keys Properties. Optiva Capital is Africa’s leading wealth managers helping individuals manage their assets and secure their future.   While Loft & Keys […]