Members of the Ekiti State Caucus in the House of Representatives have commended Cavista Holdings for its significant contributions to agriculture and tourism during a recent visit to two of the company’s flagship investments — Agbeyewa Farms and the Ikogosi Warm Springs Resort and Conference Centre.

A data protection compliance organisation (DPCO) in Nigeria, DataPro Limited, has emphasised the importance of conducting a Data Protection Impact Assessment (DPIA) in Nigeria, highlighting the regulatory obligation and the benefits of their service, including customised risk assessment and compliance support.

From the soil of Northern Nigeria, from where grains are sourced, to the bubbling breweries in the South that bottle joy, and finally to your glass, beer is more than just a beverage.

Executives have also confirmed plans to list the refining arm on both the London and Lagos stock exchanges.

By Elizabeth Adegbesan Banks’ deposit with the Central Bank of Nigeria, CBN, rose sharply by 783.7 percent, year-on-year, YoY,  to N79.8 trillion in the first seven months of the year (7m’25) from N9.03 trillion in the corresponding period of 2024 (7m’24), indicating excess liquidity in the banking system. CBN has two short term lending windows for banks, […]

By Yinka Kolawole, with agency report The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has faulted the decision of the Nigerian National Petroleum Company Limited (NNPCL) not to privatise the Port Harcourt Refining Company (PHRC). In a statement, PETROAN’s spokesperson, Joseph Obele, expressed the association’s disappointment with the decision by NNPCL to retain the refinery […]

By Udeme Akpan Spaces for Change (S4C), Nigeria Extractive Industries Transparency Initiative (NEITI), National Oil Spill Detection and Response Agency (NOSDRA), and other stakeholders have called for a sustainable development of Nigeria’s mineral sector with increased participation of host communities. The stakeholders made the call at the ongoing National Extractive Dialogue 2025 (NED) with the theme, […]

By Elizabeth Adegbesan Nigeria spent N146.11 billion on motorcycle importation in the first quarter of this year (Q1″25). According to the National Bureau of Statistics, NBS, Foreign Trade in Goods Statistics for the review period,  the Q1’25 figure represents a  N28 billion or 24.4 percent year-on-year (YoY) increase when compared to N117.4 billion spent in the […]

By Emeka Anaeto, Business Editor Amidst ongoing efforts to increase access to credit for more Nigerian businesses and individuals, the leadership of the National Credit Guarantee Company, NCGC, has said that it is now ready to de-risk lending across Nigeria’s financial markets. Speaking at the inaugural stakeholders’ engagement forum in Lagos, Managing Director of NCGC, Mr. […]

By Rosemary Iwunze Cornerstone Insurance Plc has recorded 49 per cent growth in revenue to N38.6 billion in 2024 from N25.9 billion recorded in 2023. Disclosing this to shareholders at the company’s annual general meeting in Lagos, the Chairman of the company, Mr. Segun Adebanji, said profit before tax rose by 68 per cent to […]

InsurTech (insurance technology) refers to the use of artificial intelligence, big data analytics, blockchain, and machine learning

By Excellent Samuel  Transnational Corporation Plc (Transcorp Group) has recorded a 21 per cent increase in Profit Before tax, PBT, to N85.7 billion in the first half of 2025, H1’25  from N70.9 billion in the same period of 2024, H1’24.  The increase in profitability was driven by a 59% growth in revenue to N279.7 billion in […]

By Peter Egwuatu & Mmadu Chinedu The Manufacturers Association of Nigeria (MAN) has expressed concerns over the declining share of the industrial sector in the nation’s Gross Domestic Product, GDP.  Consequently, the Association called on the federal government to prioritise manufacturing and industrialisation to boost the real economic situation and consolidate gains from  the  rebased Gross […]

By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF has upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025. The new forecast represents 0.4 percentage points from the 3.0 per cent forecast of the IMF in April this year. Similarly the IMF raised its forecast for the country’s economic growth for 2026 […]

The International Monetary Fund, IMF has upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025.