Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
Debt pressure mounts as FG borrows N8.1trn in 2026 already
World Bank has warned that the rising amount of money the Federal Government is spending to service debt is reducing its ability to fund critical infrastructure
Stock market maintains uptrend as investors gain N1.4trn in 4 days
By Peter Egwuatu The Nigerian stock market extended its bullish momentum, Week-on-Week, WoW, at the close of trading last week , as sustained institutional demand for large-cap and fundamentally resilient stocks continued to drive the Nigerian Exchange Limited, NGX benchmark Index, All Share Index, ASI, and market capitalisation higher. Specifically, investors garnered N1.359 trillion from their […]
UBA equips over 700 young professionals under Graduate Programme
By Babajide Komolafe United Bank for Africa (UBA) Plc has reinforced its commitment towards tackling youth unemployment across the continent with the successful employment of over 700 young professionals under its Graduate Management Acceleration Programme (GMAP). Since inception, the bank’s GMAP initiative has empowered more than 5,000 young graduates across Africa, providing them with world-class training, […]
Sugar Production: FG tasks Dangote Group on 600,000MT target by 2030
The Minister of State for Industry, Senator John Owan Enoh, has tasked the management of the Dangote Group of Companies on the need to expand the annual production capacity of its subsidiary, the Dangote Sugar Refinery (DSR), to 600,000 metric tonnes by the year 2030. The Minister, accompanied by the Executive Secretary of the National Sugar […]
Energia appoints Oladimeji Bashorun as Chief Executive Officer
By Peter Egwuatu Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational leadership within the organisation. […]
Africa trade policy group appoints Ese Owie as Convenor, targets global influence
By Jeremiah Urowayino Trade experts and thought leaders from across the African continent have said Africa has a role in shaping the World Trade Organisation, WTO, reform, noting that the world is at a critical juncture for the multilateral trading system. They said this while launching the Africa Trade Policy Working Group, ATP Working Group, […]
Consumers express pessimism on macroeconomy, first time since Nov 2025
By Elizabeth Adegbesan Consumers have expressed pessimism on the macroeconomy, first time since November 2025, as their overall sentiment stood at -10.3 index points in March compared to 0.8 index point in February. The Central Bank of Nigeria (CBN) disclosed this yesterday in its March 2026 Household Expectation Survey Report. “The Overall Consumer Sentiments in March […]
We’ll sustain impressive growth, stakeholder value — Wema Bank
By Cynthia Alo Wema Bank has declared that it would sustain its impressive financial performance and business growth momentum in the coming years on the heels of its 2025 financial results. Commenting on the remarkable performance, the bank’s Managing Director/Chief Executive Officer, Moruf Oseni, also said the bank would continue to deliver superior value to all […]
World Bank downgrades Nigeria’s 2026 economic growth to 4.1%
By Yinka Kolawole, with agency report The World Bank has downgraded Nigeria’s economic growth projection to average of 4.1 percent in 2026. In October 2025, World Bank projected Nigeria’s economy will grow by 4.4 percent in 2026 and 2027. The bank also downgraded the projection for 2027 to 4.2 percent, while the growth forecast for 2028 […]
Customs, PEBEC in joint strategy to strengthen port efficiency
By Godwin Oritse & Cynthia Alo The Nigeria Customs Service (NCS), in partnership with the Presidential Enabling Business Environment Council (PEBEC), has unveiled a results-driven reform agenda aimed at improving port operations and strengthening Nigeria’s trade competitiveness. The initiative was unveiled at the opening of a three-day operational workshop held in Apapa, Lagos on the theme […]
