By Obas Esiedesa, Abuja The Minister of Power, Chief Adebayo Adelabu, has pledged to restore the power plant at the Aluminium Smelter Company of Nigeria (ALSCON), saying the facility could contribute up to 540 megawatts (MW) of electricity to the national grid. Adelabu who made the commitment during a working visit to the company in Ikot-Abasi, […]

By Peter Egwuatu The Federal Government, through the Ministry of Communications, Innovation and Digital Economy, has signed a Memorandum of Understanding (MoU) with Denmark to strengthen collaboration on digital transformation and innovation aimed at driving inclusive economic growth. The agreement was signed in Lagos during the NORDIC Nigeria Connect Conference themed “Forging Partnerships for Sustainable Impact.” […]

By Esther Onyegbulam Africa’s Global Bank, United Bank for Africa (UBA) Plc, has inducted over 700 young professionals into its workforce under the Graduate Management Accelerated Programme (GMAP) — a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, GMAP has produced more than 4,000 professionals across […]

By Udeme Akpan The pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa has dismissed  speculations that the stringent implementation of local content policy was responsible for the absence of final investment decisions (FIDs) in the country’s oil and gas sector over a period of time.   In a presentation, titled, “Staying the Nigerian Content Course in […]

By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 12.8% Year on Year, YoY in August 2025 to N98.97 trillion, according to the Central Bank of Nigeria, CBN latest money and credit report. The NDC is the total value of Bank credit to both the private and public sectors and its decline, according to analysts […]

By Tunde Oso  Guinness Nigeria has unveiled the latest addition to its brand portfolio, Guinness Smooth,  at a vibrant launch event held in Uyo, Akwa Ibom State.  The occasion brought together consumers, vendors, entertainers, and notable personalities, including Guinness World Record holder in Radio Broadcasting, George Essien, popularly known as Mighty George. Guests enjoyed an unforgettable […]

The naira stability is also driven by inflows from Foreign Portfolio Investors (FPIs), substantial contributions from International Oil Companies (IOCs), and the CBN’s interventions to authorised dealers

The company delivered ₦72.31 billion in revenue, a 49% increase from ₦48.49 billion in Q3 2024.

By Emeka Anaeto, Business Editor, Babajide Komolafe, Economy Editor & Emma Ujah, Abuja Bureau Chief, in Washington Chairman, United Bank for Africa, UBA PLC and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu, in this interview, spoke on highlights of his presentation during the seminar on Boosting Productivity Growth in the Digital Age held at the ongoing annual […]

•Households expect prices to increase coming months •73% rural residents say inflation rate is high  By Elizabeth Adegbesan  Businesses and house holds have highlighted high interest rates, multiple taxes and poor infrastructure as top three business constraints in September, even as they expressed optimism about the macroeconomy in the coming months. In its Business Expectation […]