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, […]
Sustained support brings relief to farmers in N/East
For the first time since the onset of the Boko Haram crisis, hunger has considerably declined in northeastern Nigeria. In the three states ravaged by the violence, the number of people facing acute hunger has halved since June-August – from 5.2 million to 2.6 million people – according to the latest Cadre Harmonisé food security analysis.
NITEL/MTel pensioners narrate tale of woes as PTAD begins verification
ON Monday, the Pension Transitional Arrangement Directorate, PTAD, began the first phase of the verification exercise of NITEL/MTEL Pensioners under the Defined Benefit Scheme, DBS, nationwide at eight centres between January 15 and 27, 2018. The second phase is scheduled to hold between February 5 and 13, 2018.
Lanre Adisa announced Jury President for Pitcher Awards
CHINI Productions, organizers of the Pitcher Awards and Cannes Lions Official Festival representative in Nigeria, has announced Lanre Adisa, Managing Director, Noah’s Ark as the Jury President for the Heritage category of the Pitcher Awards.
Alcoholic drinks producers intensify supremacy battle amidst soaring demand
Alcoholic drinks (spirits) producers are locked in a fierce battle of supremacy, amidst rising sales which have defied the general decline in consumer spending occasioned by economic recession.
Technology heightens competition for market share in refrigerator industry
The battle for market share in the home appliances sector of the Nigerian market has reduced contenders for number position to three in the refrigerator sub-sector to Life is Good, LG, makers of LG refrigerators, Peterson Zachonis, PZ, manufacturers of Hair Thermocool refrigerators, Samsung, producers of Samsung refrigerator among the over 17 refrigerator brands in the market.
