Nigeria recorded a positive trade balance in Q1 2025, as total exports outweighed imports, according to the latest data released by the National Bureau of Statistics (NBS). Total merchandise trade in the quarter stood at N36.02trn, marking a 6.19% increase…
Billionaire entrepreneur Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc. A statement signed by Dangote Sugar Refinery’s Company Secretary, Temitope Hassan, confirmed that Dangote’s retirement becomes effective on June 16, 2025.…
Anambra State Governor, Charles Soludo, has said that President Bola Tinubu’s “audacious” structural reforms prevented Nigeria’s economy from total collapse. Speaking at The Platform, a special Democracy Day edition organised by The Covenant Nation in the Iganmu area of Lagos…
sector.” Top officials from the United States and China said Tuesday that they had agreed on a “framework” to move forward on trade, following two days of high-level talks in London to resolve tensions. US Commerce Secretary Howard Lutnick expressed…
Oil prices fell by a few cents on Monday as the market anticipates U.S.-China trade talks in London later in the day. Brent crude futures slipped 11 cents to $64.61 a barrel by 7:28 WAT. U.S. West Texas Intermediate crude…
Guaranty Trust Holding Company Plc (GTCO) has announced several significant changes to its Board of Directors, reaffirming its commitment to strong corporate governance and leadership continuity. 1. Retirement of Independent Non-Executive Director – Mrs. Helen Bouyques The Board announces the…
The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, announces the appointment of Ayo Adepoju, the current Group Chief Financial Officer (CFO), to the Board as Group Executive Director, effective June 4, 2025.…
The Federal Government’s revenue from the oil and gas sector was about 70 per cent higher in February 2025 than that earned from the sector in February 2024. According to the Central Bank of Nigeria (CBN) latest Economic Report for…
President Bola Tinubu has acknowledged that Nigeria is not yet where it aspires to be, but appealed to Nigerians to keep hope alive. The President made the appeal in the Eid-el-Kabir message to Nigerians, which he signed on Thursday. Tinubu…
President Bola Tinubu has appealed to state governors to avoid giving planning approvals for land without collaborating with the Surveyor General of the Federation and the Federal Ministry of Works. He emphasized the need for governors to collaborate with the…
The recent revelation that the Nigerian government invested ₦393.29 billion in 1,477 streetlight projects in the 2025 budget, at an average of ₦266 million per unit, has caused widespread public outcry and outrage. The jaw-dropping figure, which was brought to…
The Economic and Financial Crimes Commission (EFCC) has declared two additional individuals wanted in connection with an alleged cryptocurrency fraud scheme linked to the collapsed digital trading platform, Crypto Bridge Exchange (CBEX). In a notice issued on Wednesday via its…
Improved investments, partnerships, and the development of homegrown artificial intelligence solutions for Africa’s health sector were at the heart of discussions at the Gatekeepers event organised by the Gates Foundation. At the gathering, which attracted the crème de la crème…
Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. This book provides the most authoritative account yet of Nigeria’s…
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first-ever Liquefied to Compressed Natural Gas (LCNG) hub in the North-East of Nigeria. The minister said the development is a testament to the potential of public-private collaboration…