…as post-harvest losses stand at $10bn annually By Gabriel Ewepu THE Minister of Agriculture and Food Security, Sen Abubakar Kyari, yesterday, reaffirmed the Federal Government’s resolve to revitalise the nation’s silos concession programme in a bid to address post-harvest losses and reduce wastage. Speaking during a high-level meeting with the delegation from the Infrastructure Concession Regulatory […]

…As entrepreneurs compete for N1mn grants By Providence Ayanfeoluwa  FATE Foundation has announced plans to hold the 10th FATE Business Conference with a view to exploring the transformative power of Artificial Intelligence, AI in driving business growth, innovation, and sustainability. The conference themed: “The Al Powered Business,” is scheduled to hold on September 26, 2025, at […]

•As Borno state records highest YoY food inflation  By Elizabeth Adegbesan  Nigeria’s inflation rate eased by1.76 percent to 20.12 percent in August 2025 from 21.88 percent in July 2025. This represents the 5th consecutive month decline since April 2025 when it stood at 23.71 percent . The National Bureau of Statistics,  NBS, disclosed this on Monday, in […]

A new report from geopolitical and economic research firm, SBM Intelligence, has highlighted FCMB Group’s recapitalisation strategy as a standout example of prudent financial management and strategic foresight.

…Secures $1bn funding African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to catalyse large-scale trade in raw materials, minerals and value-added products from across Africa. Afreximbank, through the Fund for Export Development in Africa (FEDA), established ATDC in collaboration with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC and the African […]

•Dips to 24% in 2024 By Yinka Kolawole Creation of new businesses in Nigeria have been on a downward trend over the past three years, a new report has revealed. The 2024 State of Entrepreneurship (SoE) Report just released by Fate Foundation, a non-profit private-sector led organisation, shows that the business birth rate in Nigeria fell […]

By Providence Ayanfeoluwa Nigeria would require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500/$ or stronger exchange rate at a slower growth rate to attain $1 trillion economy valuation by 2031, Afrinvest West Africa Limited has predicted. Afrinvest projected this in in its 20th Nigeria Banking Sector Report 2025 entitled, […]

By Providence Ayanfeoluwa The Importers Association of Nigeria, IMAN has declared that the 4 percent free on-board, FOB levy is estimated to add N4 trillion annually to freight costs-burden that would be transferred directly to consumers. Speaking at its National Executive Committee meeting, National President/Board of Trustee Chairman, Chief Gilbert Obi, warned that the levy would […]

By Peter Egwuatu   The Nigerian stock market rebounded last week, as investors’ portfolio value increased by over N986 billion in the five trading days. A major performance indicator, Nigerian Exchange Limited, NGX All Share Index, ASI closed higher, Week on Week, WoW, in four of the five trading sessions, thereby ending a four-week losing streak.   The […]

Creation of new businesses in Nigeria has been on a downward trend over the past three years, a new report has revealed.

…Declares N13 dividend per share By Emma Ujah & Favour Isaac BUA Foods Plc recorded N1.53 trillion in its 2024 operational year ended December 31, 2024, even as it posted N265.9 billion in profit after tax, marking a 137% growth from N112 billion recorded during the corresponding period in the previous year. Chairman of the company, […]

By Yinka Kolawole The Federal Competition and Consumer Protection Commission (FCCPC) said over N10 billion was recovered for aggrieved consumers in Nigeria between March and August 2025, even as it  listed the  banking,  Fast Moving Consumer Goods (FCMG), and  fintech  sectors as leading the top ten sectors from where the commission received the highest number of […]

Activities in the industrial sector declined at 49.1 index points in August 2025 from 51.1 index points in July. The CBN, disclosed this, yesterday in its Purchasing Managers Index Report for August 2025.   The report stated: “The Industry sector index, at 49.1 points, indicated contraction in industrial activities in August 2025. “Output, New Orders and […]

By Providence Ayanfeoluwa Bankers Warehouse (BW) Limited, yesterday, unveiled the first Bank Neutral Cash Hub, BNCH, in Nigeria at Mile 12 International Market, with a pledge of 200 more hubs to be birthed across major markets in the country.  BNCH is a cash collection centers established to reduce the risks and cost borne by banks, merchants […]

By Peter Egwuatu Sterling Financial Holdings Company Plc has sustained its growth momentum, projecting gross earnings of N149.27 billion for the fourth quarter ending December 31, 2025. This projection builds on the Group’s performance in the first half of the year, when profit after tax rose by 157 percent, gross earnings climbed 39.7 percent to […]