Abuja, Nigeria – June 27, 2025 — The Securities and Exchange Commission (SEC) has issued a stern warning to the Nigerian public against participating in the activities of the Value Growth Platform, describing it as a potential Ponzi scheme operating without regulatory approval. In a public advisory released on Thursday, the SEC stated that the
In a landmark move aimed at unlocking the potential of Africa’s creative economy, Afreximbank has entered into a strategic equity partnership with the C.R.E.A.M Platform through CANEX Creation Inc. The deal marks a significant milestone in efforts to support and scale the continent’s vibrant creative industry. Announcing the partnership, the C.R.E.A.M Platform expressed pride in
Abuja, Nigeria – June 2025 In a significant move aimed at deepening economic cooperation and promoting intra-African trade, the Federal Republic of Nigeria and the Republic of Rwanda have signed a historic Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income. The high-level signing ceremony,
Lagos, Nigeria — June 2025 President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has reaffirmed the Bank’s steadfast dedication to Africa’s economic transformation, revealing that it committed a staggering $120 billion to support the continent’s development between 2020 and 2025. Prof. Oramah made this disclosure while delivering a keynote address on Day 3
Lagos, Nigeria – June 2025 The United States government has reaffirmed its commitment to strengthening economic relations with Nigeria by identifying the Lagos Free Zone (LFZ) as a strategic hub for deeper U.S. investments in West Africa. This development followed a high-level visit by a delegation from the U.S. Mission to Nigeria, led by the
Lagos, Nigeria – June 2025 The Manufacturers Association of Nigeria (MAN) has raised concerns over the proposed plastic ban by the Lagos State Government, warning that the move could result in widespread job losses and significant economic disruptions if not properly managed. Speaking in reaction to the government’s plan to phase out single-use plastics in
Lagos – June 2025 The Lagos Chapter of the Nigerian Institute of Building (NIOB) convened a pivotal conference focused on promoting sustainability and unlocking financing pathways for the nation’s construction industry. Hosted at the Lagos chapter’s headquarters, the conference featured a keynote address delivered by Eseogbene Odusola Stevenson, Senior Project Manager at Energo Building Construction Ltd,
The Federal Government, through the Ministry of Finance Incorporated (MOFI), has launched a landmark ₦250 billion Real Estate Investment Fund (MREIF) aimed at closing Nigeria’s staggering housing deficit—estimated at between 20 and 28 million units. The initiative follows two fully subscribed funding rounds: the initial ₦150 billion Series 1, solely funded by MOFI, and a ₦100 billion Series 2 offering taken
Kaduna State has taken another strategic step towards economic revitalization as Governor Uba Sani today signed a landmark Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), solidifying a transformative partnership aimed at expanding the state’s Micro, Small, and Medium Enterprises (MSMEs) ecosystem. The MoU, signed by Governor Sani
Abuja, Nigeria – June 26, 2025 – Nigeria has emerged as West Africa’s top performer in intra-African trade, recording a substantial $18.4 billion in trade volume with other African countries in 2024, according to the 2025 African Trade Report released by the African Export-Import Bank (Afreximbank). This figure represents a remarkable 127% increase from the
