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 …
naira devaluation
-
BusinessDevelopmentEconomyInfrastructureMarketsReal Estate
-
BusinessEconomyFinance & ServicesInsuranceMarketsNews
Cornerstone Insurance Grows Profit by 87% in 2024.
Cornerstone Insurance Plc has posted a strong performance for the 2024 financial year, recording a profit after tax (PAT) of N25.89 billion, a massive jump of 87.11 per cent compared …
-
BusinessEconomyEntrepreneurshipFinance & ServicesINVESTMENTNigeriaTechnology
Gbenga Magbagbeola Charts New Path for Nigerian Investors as He Leads Sycamore Asset Management
Gbenga Magbagbeola, the new Managing Director of Sycamore Investment and Asset Management Limited, says his firm is taking a fresh approach to tackle problems that have made investing difficult for …
-
Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsPolicies
CBN Silent as Recapitalisation Deadline for BDCs Elapses
The Central Bank of Nigeria (CBN) is yet to speak on the next steps regarding the planned recapitalisation of Bureau De Change (BDC) operators, even as the official deadline of …
-
AgricultureBusinessEconomyFood ProductionGOVERNMENTNigeriaPoliciesPoliticsSecurity
BUA’s Abdul Samad Rabiu Says Rice Prices Will Crash, Warns Hoarders
Chairman of BUA Group, Abdul Samad Rabiu, has declared that rice prices in Nigeria will crash soon, as his company has imported enough to feed the nation until the end …
-
EconomyEnergyGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
-
BusinessBusiness and EconomyBusiness InsightsBusiness PoliciesEconomyGOVERNMENTManufacturingNigeria
NECA Backs FG’s Buy Made-in-Nigeria Policy, Calls for Strict Implementation
The Nigeria Employers’ Consultative Association (NECA) has expressed strong support for the Federal Government’s new Buy Made-in-Nigeria Procurement Policy, describing it as a timely move to drive industrial growth and …
-
Nigeria’s inflation rate has gone up again, according to new data released by the National Bureau of Statistics (NBS). The annual inflation rate stood at 24.23% in March 2025, rising …
-
Nigeria’s Minister of State for Finance, Doris Uzoka-Anite, has said that the country’s tough economic reforms are now beginning to show positive signs, and investors who were previously worried are …
-
BusinessBusiness InsightsEconomyFashion & StyleNigeriaTechnologyTrade and CommerceWestern Africa
Nigerian Fashion Industry Attracts Global Attention As Local Production Rises
Stakeholders in the fashion sector say Nigeria is on the verge of a major fashion industry boom, as global investors and designers begin to show serious interest in the country’s …