Anambra approves N200bn investment corporation, releases N315m for power restoration
By Vincent Ujumadu The Anambra State Executive Council has approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation (ADIC), with the state government committing 30 per cent of the capital. The state’s Commissioner for Information and Value Reformation, Dr. Law Mefor, disclosed this after the Executive Council […]
Over 50 Nigerian firms embrace global sustainability reporting standards —FRC
By Progress Godfrey ABUJA — The Financial Reporting Council of Nigeria (FRC) says more than 50 organisations are actively working towards adopting the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. Executive Secretary and Chief Executive Officer of the FRC, Dr. Rabiu Olowo, disclosed this yesterday at the 5th Annual Nigeria Employers’ Summit in Abuja, themed, […]
Stock market: Investors lose N13.3trn in June amid profit-taking
•FTSE Russell delays Nigeria’s Frontier Market status over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]
Dollar to Naira exchange rate today, July 1, 2026
The Nigerian naira traded relatively stable against the United States dollar at both the official and parallel foreign exchange markets on Wednesday, July 1, 2026, as the gap between the two markets remained narrow.
Tinubu to UN Member States: Include UN charter preamble in your constitutions
President Bola Tinubu has called on member states of the United Nations to incorporate the Preamble to the UN Charter into their national constitutions, saying the move would reinforce global peace, justice, human dignity and international cooperation. Nigeria’s Permanent Representative to the United Nations, Dr. Jimoh Ibrahim, made this known on Monday during an informal […]
Customs: Protecting public health through strategic anti-smuggling enforcement
By Okey IBEKE Smuggling in Nigeria is no longer merely an economic crime involving the evasion of customs duties or loss of government revenue. It has evolved into one of the country’s most serious public health, national security and environmental challenges. Counterfeit medicines, illicit narcotics, expired food products and other prohibited goods continue to enter […]
