The Federal Government has been urged to place innovation at the centre of infrastructure development if Nigeria is to overcome its deepening crisis of failing roads and crumbling airport runways. …
NIGERIA ECONOMY
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AviationEconomyInfrastructureInnovationTransport
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EconomyFinanceGovernanceLabourPensionRegulation
PenCom Bans Cross-Shareholding in Pension Firms, Moves to Protect Contributors’ Funds
The National Pension Commission (PenCom) has released new guidelines banning significant cross-shareholding among Pension Fund Operators (PFOs). The move, which became effective immediately on Friday, is aimed at promoting transparency, …
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BusinessEconomyFinanceGovernanceHealthInsurance
NAICOM Raises Alarm Over $2bn Annual Capital Flight in Health Insurance
The National Insurance Commission (NAICOM) has revealed that Nigeria is losing about $2 billion every year to capital flight as multinational companies provide health insurance for their employees through foreign …
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BusinessCorporate NewsEconomyFinanceInsuranceTechnology
Atiat Limited Opens New Lagos Headquarters, Launches Strategic Vision Atiat 3.0
Atiat Limited, a company known for leadership in automotive leasing and finance, has opened its new head office on Victoria Island, Lagos, as part of its plan to expand into …
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AgricultureEconomyFood SafetyGovernment PolicyNewsNigeriaRural Development
FG Unveils New Agric Investment Incentives, Targets 21m Jobs
The Federal Government has announced fresh agricultural investment incentives that it said could create 21 million jobs across the country. The new measures were unveiled on Tuesday as part of …
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BankingBusinessDevelopmentEconomyFinancePolicies
Nigeria Needs 21.9% Annual Growth to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500 per dollar, or a stronger exchange rate with slower growth, to reach a …
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BusinessEconomyEntrepreneurshipFinanceWomen,Youth
Report Shows Business Creation in Nigeria Falls as Youth and Women Drive Entrepreneurship
Business creation in Nigeria has continued to drop in the last three years, according to a new report by FATE Foundation, a private-sector led non-profit organisation. The 2024 State of …
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The Association of Distributors and Transporters of Petroleum Products (ADITOP) has distanced itself from the planned strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and allied …
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BankingBusinessEconomyFinanceNewsNigeria
CreditPro Finance Secures CBN Licence to Expand SME Lending Nationwide
CreditPro Finance Company Limited has received approval from the Central Bank of Nigeria (CBN) to operate as a licensed finance company, a development expected to boost lending to small and …
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AviationBusinessEconomyInfrastructureNewsNigeriaTrade & Investment,
United Nigeria Airlines Signs Deal for Six Boeing 737-800 Aircraft
United Nigeria Airlines has entered into an aircraft acquisition agreement with Southwest Airlines, a United States-based carrier, for the purchase of six Boeing 737-800 aircraft. The deal marks a significant …