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Nigeria Sets 2026 Deadline for New Insurance Capital

NAICOM has fixed July 2026 for insurers to meet the new capital requirement, setting the stage for industry restructuring and tighter oversight.
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Ashimolowo Backs Training Corps Members for Security Duty

Ashimolowo urges the Federal Government to adopt NYSC security awareness, saying trained corps members can help strengthen grassroots threat detection nationwide.
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Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.
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Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.
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Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.
News

Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.
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Dangote To Double Refinery Output To 1.4 Million Barrels Daily

Dangote plans to double his Lagos refinery output to 1.4 million barrels daily to boost Africa’s energy supply.
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IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.
Business

Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.
News

Nigeria’s Raw Material Imports Hit N3.53trn in First Half of 2025

Nigeria’s raw material imports rose by 19.7% to N3.53 trillion in H1 2025, highlighting structural weaknesses and the failure of the country’s import substitution policy, according to industry experts.
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Nigeria Losing Billions to Illicit Financial Flows, Says IMF

The IMF says illicit financial flows are worsening Nigeria’s revenue crisis as it pledges renewed support to track illegal fund movements.
News

IMF Lifts Nigeria’s 2025 Growth Outlook to 3.9%

IMF raises Nigeria economic growth forecast 2025 to 3.9 percent, driven by stronger fundamentals, investor confidence, and fiscal reforms.
Business

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.
News

Foreign Firms Corner Nigeria’s N4.8trn Non-Oil Export Boom

Local exporters lament losing out in Nigeria’s non-oil export boom as foreign investors dominate the sector amid weak funding and policy hurdles.
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News

Nigeria Sets 2026 Deadline for New Insurance Capital

NAICOM has fixed July 2026 for insurers to meet the new capital requirement, setting the stage for industry restructuring and tighter oversight.
News

Ashimolowo Backs Training Corps Members for Security Duty

Ashimolowo urges the Federal Government to adopt NYSC security awareness, saying trained corps members can help strengthen grassroots threat detection nationwide.
News

RVPL Marks Decade of Trust in Real Estate

RVPL marks ten years of global operations, spotlighting how RVPL trust has driven investor confidence and sustained its zero-compromise real-estate strategy.
News

Anambra Intensifies Crackdown On Environmental Violations

Anambra expands its environmental enforcement campaign, targeting street trading, drainage blockages and illegal wastewater discharge to improve community safety and curb flooding risks

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