Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Post-harvest losses: Storage facilities essential, ‘ll address wastage — Agric Minister
…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 […]
10th FATE business conference to explore power of AI
…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 […]
Inflation rate drops to 20.12% in August
•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 […]
Report lauds FCMB’s path to recapitalization success
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.
Afreximbank launches company to promote large -scale intra African trade
…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 […]
