By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]

By Yinka Kolawole The ten largest quoted fast moving consumer goods (FMCG) manufacturing companies in Nigeria sustained strong growth momentum in the first half of 2026 (H1’26), generating combined revenue of more than N3.5 trillion despite persistent inflationary pressures, elevated energy costs and foreign exchange volatility. An analysis of financial results filed with the Nigerian […]

By Babajide Komolafe & Onome Onyeme The Nigeria Deposit Insurance Corporation (NDIC) has strengthened its procurement capacity as part of efforts to enhance efficiency, transparency and accountability in the discharge of its mandate amid ongoing reforms in the banking sector. The Managing Director/Chief Executive Officer of NDIC, Mr. Thompson Oludare Sunday, stated this in Lagos at […]

investment, production test By Victor Ahiuma-Young Five years after the enactment of the Petroleum Industry Act (PIA), stakeholders in Nigeria’s oil and gas industry have called on the Federal Government to close outstanding implementation gaps, warning that unfinished reforms and regulatory uncertainty could undermine investment, production growth and the country’s energy security. The concerns were […]

By Yinka Kolawole, with agency report The Federal Ministry of Communications, Innovation and Digital Economy and Nigeria Communications Satellite (NIGCOMSAT) Limited have commenced engagement with Israeli and French manufacturers for the production of two next-generation communications satellites for Nigeria. NIGCOMSAT said the satellites, NigComSat-2A and NigComSat-2B, would be delivered by Israel Aerospace Industries (IAI) and Thales […]