Farmers in Gombe State are sounding the alarm over a steep drop in grain prices as the 2025 harvest season gets underway — a trend many say is threatening their livelihoods and casting a shadow over the future of farming in the region. At major grain markets like Gombe...
BUSINESS
Senior Advocate of Nigeria, Chukwuma-Machukwu Ume, has petitioned the Central Bank of Nigeria (CBN) to sanction Polaris Bank over its alleged refusal to disburse a ₦868 million loan facility meant for his client, Kanchez Nigeria Limited. In the petition dated October 2, which was acknowledged by the apex bank...
The Raw Materials Research and Development Council (RMRDC) has unveiled a new policy framework aimed at achieving a minimum of 30% value addition on all exports of local raw materials. The initiative is designed to boost the competitiveness of Nigeria’s Small and Medium Enterprises (SMEs) and enhance the nation’s...
Nigeria Export Processing Zones Authority (NEPZA) has reiterated that industrial strikes and lockouts are prohibited for a decade within Free Trade Zones (FTZs), a regulation that also applies to the Dangote Refinery. This clarification came from NEPZA’s Managing Director, Dr. Olufemi Ogunyemi, in a statement issued Thursday in Abuja....
Finance Minister Wale Edun has identified weak regulatory frameworks and the burden of multiple taxes as key obstacles hindering the growth of Nigeria’s telecommunications sector. Speaking at a business roundtable on broadband investment and critical infrastructure protection in Abuja, Edun emphasized the urgent need for reforms to attract private...
Governor of Katsina State, Dr Umar Radda, has promised the support of his administration for the Employees’ Compensation Scheme of Nigeria Social Insurance Trust Fund (NSITF). Dr Radda made this promise when he paid a courtesy visit on the Executive Management of the Fund at its Abuja Corporate Headquarters...
By PHILIP KORTAR, Info-Tech Reporter Telecommunication Stakeholders in Benue State have been called upon to deepen cooperation, prioritize digital infrastructure development, and collectively work toward transforming the state into a leading digital hub that connects communities with the opportunities of the 21st century. The Benue Digital Infrastructure Company (BDIC),...
The Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Barrister Olúwaṣeun Mayomi Faleye has promised that subscribers to the Employees’ Compensation Scheme (ECS) operated by the Fund would henceforth meet with a compassionate organisation in their time of need. Barrister Faleye made the promise...
Nigeria’s upstream oil and gas industry is showing strong signs of recovery and renewed investor interest, as the country’s rig count has surged from just eight in 2021 to 69 in 2025. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced this milestone as part of its progress report since...
Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the circulation of clean Naira notes across the country while calling on Nigerians to treat the national currency with respect. The bank also encouraged citizens to become ambassadors for the protection and proper handling of the Naira. The...
Nigeria’s non-oil export earnings soared to $1.791 billion in the first quarter of 2025, marking a significant growth of 24.75% over the same period in 2024, the Nigerian Export Promotion Council (NEPC) has disclosed. This was made known during a sensitisation workshop for sesame seed farmers on Thursday in...
..Two-day side event in Johannesburg seeks to mobilize global capital and deepen intra-African investment. Africa’s infrastructure challenges and investment opportunities will take center stage when global leaders, financiers and development experts gather in Johannesburg for a high-level side event ahead of the G20 Summit in November. In a press...
Nigeria Deposit Insurance Corporation (NDIC) has cautioned citizens to steer clear of Ponzi schemes and other dubious investment platforms that promise quick returns but often lead to financial loss. Speaking during the NDIC’s Special Day at the 20th Abuja International Trade Fair, the Corporation’s Managing Director, Mr. Bello Thompson...
The recipe has been the stuff of corporate legend, with only a handful of people knowing the complete formula By MBAFAN ADE – In a move that has sent shockwaves through the quick-service restaurant industry, KFC Africa announced today that it will do the unthinkable: reveal its secret recipe....
By JOHN MKOM, Jalingo – Taraba-based young entrepreneur, Miss Blessing Nanman Tantur, has expressed concern that Nigeria has enormous potentials in the tea and coffee sector, which has remained grossly under-utilized due to policy framework and lack of awareness. Miss Tantur, who is the Chief Executive Officer of Lingzhi...
The latest news on Nigeria’s growing tax revenue haul is something to cheer for many reasons. The Federal Inland Revenue Service (FIRS) said it has collected N20.62 trillion in tax revenue between January and August 2025, a period of eight months. FIRS Chairman, Zacch Adedeji, who reeled out the...
Shareholders and Boards of Directors of Providus Bank and Unity Bank have officially approved a merger between the two institutions, paving the way for the creation of a more formidable player in Nigeria’s banking sector. The approval was secured during a court-ordered Extraordinary General Meeting (EGM) held on Friday,...
Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has attributed Nigeria’s unprecedented surge in revenue to sweeping fiscal reforms championed by President Bola Tinubu led administration. Speaking to journalists at the State House in Abuja, Adedeji revealed that the federal government recorded N3.64 trillion in revenue...
In a strategic move to support economic recovery, the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points—from 27.5% to 27%—following the conclusion of the Monetary Policy Committee (MPC) meeting held on September 22 and 23, 2025. The decision, made by the...
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has revealed that 14 banks have successfully complied with the apex bank’s revised capital requirements as part of the ongoing banking sector recapitalisation. Speaking in Abuja on Tuesday during the presentation of the communiqué from the 302nd Monetary Policy...