Business

Forex inflow rises 36.5% to $33.76bn in five months

Forex inflow rises 36.5% to $33.76bn in five months

By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
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Gold Fields Q4 gold earnings fall but output rises

Gold Fields Q4 gold earnings fall but output rises

Gold Fields, the world’s fourth-biggest gold producer, said on Friday output of the metal rose 4 percent in the fourth quarter while costs fell, but it posted lower earnings due to a stronger rand.South African gold miners sell their gold in dollars, and pay their costs in rand, which gained in the June quarter on increasing global demand for risk and expected capital inflows.

Re-branding : Expert faults Akunyili, seek leadership reorientation

Re-branding : Expert faults Akunyili, seek leadership reorientation

An Advertising and media practitioner, Sir Steve Omojafor, has faulted the recent re-branding exercise by the Minister of Information, Professor (Mrs.) Dora Akunyili, calling on her, to instead, focus on reorientating the country’s leadership, making them responsive to the needs of the citizens.

Lagos Chamber canvasses resource ownership by host communities

Lagos Chamber canvasses resource ownership by host communities

The Lagos Chamber of Commerce and Industry (LCCI) has suggested that each state of the Federation should be given a sense of ownership of resources in its domain. The President of LCCI, Chief Solomon Onafowokan, said at the LCCI quarterly press briefing on Thursday in Lagos that host communities should be allowed a stake in such resources.

Reality show : Nigeria is Talented debuts

Reality show : Nigeria is Talented debuts

Come December 2009, the reality Television scene will be agog with SoulBase Network, organizer of “Nigeria is Talented,” a multi_talent entertainment series will showcase talents from different fields.

CPC, NESREA others set up joint task force on piracy

CPC, NESREA others set up joint task force on piracy

The Consumer Protection Council (CPC), Standards Organisation of Nigeria (SON), and National Environmental Standards and Regulations Enforcement Agency (NESREA) in collaboration with the Alaba International Market Amalgamated Traders Association (AIMATA) have set up a joint task force to curb the rising profile of counterfeiting and piracy in the market.