Guinness Nigeria Plc has bounced back to profitability, posting a net profit of N16.2 billion for the financial year ended 2025. This marks a sharp turnaround from the previous year’s …
Economy
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Nigeria’s Commercial Property Market Faces Dollar Shock
The commercial real estate market in Nigeria is witnessing mixed developments, as the cost of renting office spaces skyrockets due to naira devaluation, while industrial real estate is enjoying renewed …
- DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Nigeria Revenue Service Gets Legal Backing to Borrow Funds, Retain 4% of Non-Oil Revenue Under New Tax Act
The Federal Government has given the newly established Nigeria Revenue Service (NRS) the legal power to borrow funds from any source and retain 4 per cent of the total non-petroleum …
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Africa’s Fintech Revolution Changing How People Access Money
Africa is witnessing a major financial revolution that is changing how millions of people save, borrow, and spend money. This change is driven by financial technology, popularly called fintech, which …
- BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
Nigeria Liability Insurance Pool Reports 118% Growth in Net Surplus for 2024
The Nigeria Liability Insurance Pool (NLIP) has announced a significant financial performance for the 2024 fiscal year, posting a net surplus of ₦708.24 million, a 118 per cent increase from …
- AfricaDevelopmentEconomyHealthcareInternational DevelopmentInternational RelationsPolitics
African Countries Worry as UK Reduces Foreign Aid Budget Again
The United Kingdom’s decision to cut down its foreign aid budget even further has sparked serious concerns across Africa, with experts warning that the move could affect key development programmes …
- DevelopmentEconomyGovernanceInfrastructurePoliticsPublic Opinion
Niboro Hails Oborevwori’s Development Strides in Delta
Renowned journalist and former Presidential Spokesman, Olorogun Ima Niboro, has praised the Governor of Delta State, Rt. Hon. Sheriff Oborevwori, for what he described as a “truly executive” style of …
- DevelopmentEconomyEducationEmploymentGovernment PolicyLabourPublic Sector
FG Rolls Out Empowerment Fund for Tertiary Workers
The Federal Government of Nigeria has introduced a new initiative known as the Tertiary Institution Staff Support Fund (TISSF) to improve the welfare and professional development of employees in universities, …
- Eastern AfricaEconomyHumanitarianImmigrationNewsSocial Development
IRC Urges Streamlined Refugee IDs Under Kenya’s Shirika Plan
The International Rescue Committee (IRC) has renewed its call for simplified access to refugee identity cards, stressing that the document is vital for refugees’ integration into Kenyan society. The appeal …
- Banking, Finance & InvestmentBusinessCapital MarketEastern AfricaEconomy
BAT Kenya Doubles Interim Dividend as NSE Gains Momentum
British American Tobacco Kenya (BAT Kenya), listed on the Nairobi Securities Exchange (NSE), has announced a 100 percent increase in its interim dividend after posting strong half-year results. The cigarette …