By Progress Godfrey  Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25,  driven by a sharp decline in imports and a modest rise in exports.   The National Bureau of Statistics (NBS) disclosed this yesterday in […]

By Ephraim Oseji Businessman and social commentator, Chief Sunny Onuesoke, has reiterated that a country’s huge foreign reserve is not a total indication of the socio-economic well-being of its citizens. According to him, true economic growth is seen in the improvement of the living standards of the populace and not in the foreign reserves. He […]

By Yinka Kolawole  Foreign investment into Nigeria’s production and manufacturing sector declined sharply by 50.7 percent quarter-on-quarter to $152.27 million in the first quarter of 2026 (Q1’26), down from $308.93 million recorded in the preceding quarter (Q4’25), according to the latest Capital Importation Report released by the National Bureau of Statistics (NBS). The report revealed that […]

The Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions. The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba […]

By Matthew Johnson RetGrow Initiative, in collaboration with The Elsiential Foundation, has empowered over 60 female students of Muslim Senior College, Oworonshoki, Lagos, with digital and leadership skills following the completion of a two-month intensive training programme designed to prepare young girls for opportunities in the digital economy. The programme, tagged Digital Skill-Up Programme (DSUP) […]

United Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets. In its assessment of UBA’s winning entry, The Banker noted […]

•Promote healthy consumption without harming businesses — ACCI By Yinka Kolawole & Progress Godfrey Opposition to the proposed increase in excise duties on sugar-sweetened beverages (SSBs) intensified yesterday as the Manufacturers Association of Nigeria (MAN) and the Abuja Chamber of Commerce and Industry (ACCI) warned of severe economic consequences. MAN cautioned that the proposed levy could […]

•Says 63% of Nigerians live in poverty By Emma Ujah, Abuja Bureau Chief The International Monetary Fund (IMF) has advised the Federal Government against the proposed $5 billion loan from the First Abu Dhabi Bank (FADB) of the United Arab Emirates, warning that the financing arrangement carries significant risks. Speaking during the Nigeria 2026 Article IV […]

For millions of Nigerians, poor telecom service has become more than an inconvenience. It is disrupting businesses, delaying emergency responses, frustrating financial transactions and fueling public anger over the rising cost of digital connectivity.

By Christopher Ameh, Bauchi The Miners Association of Nigeria (MAN), Bauchi State Chapter, has commended Governor Bala Mohammed and the Commissioner for Natural Resources Development, Alhaji Mohammed Bello Maiwada, for policies and reforms aimed at developing the state’s mining sector. The State Chairman of the association, Alhaji Musa Santuraki Pali, gave the commendation while addressing […]