Former presidential candidate and Labour Party leader, Mr Peter Obi, has strongly criticised the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) over its proposal to increase the salaries of political …
NIGERIA ECONOMY
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EconomyGovernanceLabourPoliticsPublic PolicySocial Issues
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BankingBusinessDevelopmentEconomyFinanceGovernanceWomen Empowerment
CBN Reaffirms Commitment to Women’s Inclusion at WIMBIZ Mentoring Graduation
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has restated the bank’s commitment to supporting women’s financial inclusion and leadership development as part of Nigeria’s wider plan …
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BusinessDevelopmentEconomyFinancePolicies
Udeme Ufot Urges Strategic Financing to Unlock Nigeria’s Creative Economy
The Group Managing Director of SO&U, Udeme Ufot, has called for intentional and well-structured financing to serve as a major driver for unlocking Nigeria’s creative economy. Ufot made this appeal …
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EconomyEnergyGOVERNMENTInfrastructureSocial WelfareTaxation
FG Clears N2tn Capital Debt, Promises Faster 2025 Project Funding
The Federal Government has paid over N2 trillion owed to contractors for capital projects from the 2024 budget, and says it will now focus on ensuring timely release of funds …
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BusinessCorporate EarningsEconomyNewsTechnologyTransportation
Bolt Says Top 50 Nigerian Drivers Earned N9.6m in Six Months
Bolt, one of Africa’s largest ride-hailing companies, has announced that its top 50 drivers in Nigeria earned an average of N9,662,105 in the first half of 2025. This translates to …
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Corporate Social Responsibility,DevelopmentEducationInfrastructurePartnershipsPublic-Private Partnership
Vitapur Donates Prefabricated Building to UNILAG to Boost Learning
Vitapur Nigeria Limited, a subsidiary of Vitafoam Nigeria PLC, has donated a prefabricated insulated building to the University of Lagos (UNILAG) to promote learning and support manpower development in the …
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AgricultureDevelopmentEconomyGOVERNMENTRural Development
AfDB Begins Rollout of 36 Agro-Industrial Zones to Boost Nigeria’s Economy
The African Development Bank (AfDB) has completed eight Special Agro-Industrial Processing Zones (SAPZs) across Nigeria under the first phase of its agricultural transformation initiative, with 28 more zones currently being …
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Banking, Finance & InvestmentBusinessEconomy
NGX Market Closes Flat Despite N67bn Gain Amid Mixed Sentiment
The Nigerian Exchange Limited (NGX) ended trading on a quiet note on Wednesday, gaining N67 billion in market capitalisation, even though overall trading activities dropped significantly. The day’s session reflected …
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The federal government has announced that Nigeria’s total tax revenue for the first half of 2025 rose to N14.27 trillion, showing a big jump of 43 per cent from the …
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AfricaBusinessDevelopmentEconomyEthiopiaInfrastructure
New Development Bank Offers Fairer Option for Developing Nations
The Brazilian Ambassador to Ethiopia, Mr. Jamdyr Ferreira Santos, has praised the New Development Bank (NDB) as a strong and fair alternative to traditional global lenders. He said the bank …