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Fix food first and fast or forget it…

Fix food first and fast or forget it…

By Dele Sobowale The great Indian leader and liberator made that remark before he was assassinated in 1948 at a time when his country, now divided into at least three nations, suffered from food scarcity worse than Nigeria is experiencing now. Certainly, it can also be said that there are millions of people in Nigeria today, so […]

Q1’26 GDP Report: Economy remains on gradual recovery path —CPPE

Q1’26 GDP Report: Economy remains on gradual recovery path —CPPE

By Gabriel Ewepu THE Centre for the Promotion of Private Enterprises, CPPE, reacting to the Q1 2026 Gross Domestic Product, GDP, growth outcome report released by the National Bureau of Statistics, NBS, recording a year-on-year real GDP growth of 3.89%, said the economy remains on a gradual recovery path. In a statement signed by Chief Executive […]

Empowering the Last Mile: How OPay Is Expanding Financial Access Across Nigeria

Empowering the Last Mile: How OPay Is Expanding Financial Access Across Nigeria

By Akintayo Eribake In a bustling community market in northern Nigeria, a trader receives payment for goods through a mobile transfer rather than cash. In a rural town in the South-West, a young Point-of-Sale (PoS) agent helps residents withdraw money, pay utility bills and transfer funds without the need to travel long distances to a […]

NSIB probes Bonny Anchorage vessel collision

NSIB probes Bonny Anchorage vessel collision

By Efe Onodjae  The Nigerian Safety Investigation Bureau, NSIB, has commenced investigation into the collision involving container vessel, MV Maersk Valparaiso, and oil tanker, MT Lady Martina, at Bonny Anchorage in Rivers State. The incident, which occurred on May 20, 2026, has been classified by the Bureau as a “Very Serious Marine Casualty.” In a statement issued […]

Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro

Over 100 imported vegetable oil brands dominating local market despite ban — Ikoro

….Accuses Customs, NAFDAC, SON of enforcement failure By Cynthia Alo Despite the retention of vegetable oil on the Federal Government’s prohibition list under the 2026 fiscal policy measures, the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey Ikoro, said the local market is still dominated by more than 100 imported oil brands, […]

NGX Group advocates stronger capital market integration into monetary policy framework

NGX Group advocates stronger capital market integration into monetary policy framework

By Peter Egwuatu  Group Managing Director/CEO, Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to treat capital market development as a macroeconomic necessity, arguing that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Popoola made this […]

FRSC commends Dangote Cement on new transport safety policy

FRSC commends Dangote Cement on new transport safety policy

By Yinka Kolawole The Federal Road Safety Corps (FRSC) has commended Dangote Cement Plc for delivering measurable and transformative improvements in road safety, noting a significant decline in articulated truck crashes across Nigeria following the introduction of innovative transport safety policies and operational reforms. The Corps described Dangote Cement as a benchmark for transport management and […]

CBN extends PoS geo-fencing deadline to July 31

CBN extends PoS geo-fencing deadline to July 31

By Emma Ujah, Abuja Bureau Chief  The Central Bank of Nigeria (CBN) has extended the deadline for enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, giving more room for compliance. This was disclosed in a circular issued by the CBN Director of the Payments System Supervision Department, Rakiya Yusur. The CBN […]

Stock market sustains bullish run, recovers from previous week’s losses

Stock market sustains bullish run, recovers from previous week’s losses

By Peter Egwuatu  The Nigerian stock market sustained its bullish momentum in May 2026 as investors gained over N4.514 trillion during the month. Meanwhile, Week-on-Week, WoW, the market, last week, also recovered from the losses it recorded previous week to post a N431 billion gain at close of trading last Friday. In the month of May, […]