By Yinka Kolawole Manufacturers in Nigeria are increasingly selling products below production cost in a desperate bid to clear nearly N2 trillion worth of unsold inventory, underscoring the severe cost pressures and weak consumer demand confronting the country’s industrial sector. Findings by the Manufacturers Association of Nigeria (MAN) show that while manufacturers have recorded modest improvements […]

By Rosemary Iwunze The outgoing President of the Chartered Insurance Institute of Nigeria, CIIN, Mrs. Yetunde Ilori, has said that her flagship initiative, tagged ‘EPIC’, succeeded in bridging the critical knowledge gap between insurance practitioners and consumers. Ilori stated that EPIC, which stands for Education, Professionalism, Institutional Recognition and Capacity Building, contributed in driving financial […]

By Peter Egwuatu Stanbic IBTC Bank has affirmed its commitment to accelerating the growth of Micro, Small and Medium Enterprises (MSMEs) across Nigeria through strategic partnerships with state governments and institutions committed to creating enabling environments for businesses to thrive. The bank made this commitment during its Nigeria Business Summit Regional Tour held in Aba, in […]

By Godwin Oritse The Nigeria Customs Service (NCS) and its counterpart in the Republic of Benin have strengthened their partnership on the deployment of geospatial technology to enhance economic security, improve border surveillance, and facilitate legitimate trade along their shared border corridor. The collaboration was highlighted during a meeting held at the ECOWAS Conference Hall, Seme-Krake […]

•NUPRC, NOSDRA disagree on volume By Ediri Ejoh There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy by 2030 is facing significant challenges, as the country lost an estimated 3,100 gigawatt-hours (GWh) of electricity generation potential to persistent gas flaring by oil companies in May 2026. This came as figures […]

By Obas Esiedesa, Abuja Global oil prices surged by 14 per cent to almost $85 per barrel yesterday as the escalating conflict between the United States and Iran intensified fears of prolonged disruptions to global crude supplies. Brent crude, the international benchmark, climbed to $84.37 per barrel, up from $76.01 on Sunday, extending a sharp rally […]

•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]

By Peter Egwuatu The Nigerian stock market recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion. The Nigerian Exchange Limited, NGX, had recorded a loss of over N1.8 trillion previous week following a wave of selloffs that had hit the market since last week of June, 2026. Breakdown of trading last […]

Banks slashed lending to oil and gas, information and communication technology (ICT) and six other key sectors of the economy by N5.45 trillion

By Peter Egwuatu   U-Recycle Initiative Africa, a youth-led Non-Governmental Organisation, NGO, has trained over twenty thousand youths across four federal universities in Nigeria through the second edition of its flagship multi-year initiative for universities, called PlasticWize 2.0. The NGO is advancing environmental education, circular economy solutions, and climate action across Africa. Through PlasticWize 2.0, themed, “Redefining […]

By Peter Egwuatu Mobile Screens and Sounds (MSS), one of Nigeria’s leading technical production companies, has concluded an arrangement to train100 young Nigerians in industry related skills, screen and live event production as part of its Corporate Social Responsibility, CSR. This is coming following the launch of the MSS Event Tech Academy, a 10-week hybrid training, […]

By Udeme Akpan, Energy Editor Pump price of Automotive Gas Oil (AGO), otherwise known as diesel, have recorded significant hikes in Lagos, Port Harcourt and Warri. This comes against a relatively stable prices for Premium Motor Spirit (PMS) otherwise known as petrol despite fears of pressure from a renewed hostility in the Middle-east war between US […]

By Peter Egwuatu  & Yinka Kolawole Nigeria’s capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for potential reclassification from a Standalone Market to a Frontier Market, citing improvements in the country’s regulatory environment and market integrity. This is even as Bloomberg ranked […]

By Yinka Kolawole Dangote Cement Plc has reaffirmed its commitment to driving low-carbon cement production, with Group Managing Director, Arvind Pathak, urging African producers to accelerate decarbonisation while expanding capacity to meet the continent’s growing infrastructure demand. Pathak made the call after participating in the Global Cement and Concrete Association (GCCA) CEO Strategic Dialogue in Madrid, […]

MultiChoice has  formally become a full subsidiary of Canal+, marking a new phase in the evolution of one of Africa’s leading pay television operators. In a statement, yesterday, David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, said the integration positions MultiChoice within a global media organisation with an extensive international footprint. MultiChoice is […]