AfDB unveils $200m support package for Nigeria’s industrial sector

AfDB unveils $200m support package for Nigeria’s industrial sector

By Yinka Kolawole The African Development Bank Group has approved a $200 million financing facility for the Bank of Industry (BoI), aimed at boosting industrial growth and strengthening private sector productivity across key sectors of the Nigerian economy. AfDB disclosed this in a statement, noting that the facility would provide medium- and long-term financing support […]
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Cambridge, Alsama Project partner on innovative qualification for refugees, displaced youth

Cambridge, Alsama Project partner on innovative qualification for refugees, displaced youth

By Elizabeth Osayande Cambridge University Press & Assessment (Cambridge) and NGO Alsama Project have signed an agreement during the Education World Forum to collaborate on a new qualification for refugees and displaced young people that can be rolled out in Nigeria and worldwide. The newly proposed G12++ qualification seeks to address the educational crisis faced […]

N118bn saved, N19.72bn lost to Lagos fires in 2025 —Govt

N118bn saved, N19.72bn lost to Lagos fires in 2025 —Govt

By Olasunkanmi Akoni LAGOS — THE Lagos State government, yesterday, disclosed that properties valued at N118.32 billion were saved from fire incidents in 2025, while properties worth N19.72 billion were lost to various fire outbreaks across the state. The Commissioner for Special Duties and Inter-Governmental Relations, Mr Olugbenga Oyerinde, disclosed this during the 2026 ministerial press […]

Naira depreciates to N1,395/$ in parallel market

Naira depreciates to N1,395/$ in parallel market

By Elizabeth Adegbesan The  Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,390 per dollar last Friday. Likewise, the local currency depreciated to N1,373.5 per dollar in the Nigerian Foreign Exchange Market,  NFEM . Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the market […]