LAGOS — Lagos State Governor, Babajide Sanwo-Olu, has thrown the full weight of his administration behind GITEX Nigeria, pledging strategic support for the international tech and innovation exhibition billed to hold in Lagos later this year. The governor made the declaration on Monday, July 29, 2025, during a high-level stakeholders’ engagement in Alausa, where he
Lagos | July 29, 2025 — Leading investment and financial services group, United Capital Plc, has posted an impressive profit of ₦7.06 billion for the second quarter (Q2) of 2025, marking a 42% year-on-year (YoY) increase compared to the same period in 2024. The company’s financial results, released to the Nigerian Exchange (NGX) on Monday,
Abuja | July 29, 2025 — The Organization of the Petroleum Exporting Countries and its allies (OPEC+) is reportedly considering a new oil supply surge in the coming months, raising fresh concerns for Nigeria as it braces for heightened volatility in crude oil prices and government revenue. According to insiders familiar with the cartel’s deliberations,
In what stands as a striking testament to the scale and strength of Nigeria’s fast-moving consumer goods sector, Dangote Sugar Refinery Plc has disclosed that it generated a staggering ₦63 billion in revenue from a single corporate client during the first half of 2024 — none other than Coca-Cola’s Nigerian bottling partner, the Nigerian Bottling
Over the past five years, Nigeria has witnessed a gradual but noticeable shift in the consumption patterns of everyday household food items, as the nation’s heavy dependence on imported staples like rice, dairy, and wheat-based products continues to evolve. This shift has been influenced largely by a combination of economic realities, currency fluctuations, border control
Abuja, July 28, 2025 — The Federal Government of Nigeria has unveiled an ambitious plan to increase the country’s cereal output by 2.7 million metric tonnes over the next nine years, setting a target year of 2034 to achieve the milestone. This strategic goal was revealed during a high-level agricultural development meeting in Abuja, where
Lagos, July 28, 2025 — Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is showing renewed strength in market momentum, edging closer to the significant $4,000 price mark as investor confidence swells. As of Monday morning, Ethereum was trading around $3,840, reflecting a steady upward trend over the past week. Analysts attribute the bullish
Abuja, July 28, 2025 — President of the Dangote Group, Alhaji Aliko Dangote, has called on President Bola Ahmed Tinubu to expand the scope of the Federal Government’s ‘Nigeria First’ policy by including refined petroleum products in the list of banned import items. Dangote made the appeal during a high-level economic dialogue in Abuja, stressing
Lagos, July 28, 2025 — In a bold move to address the growing concerns around financial illiteracy and waning investor confidence in Nigeria’s capital market, First Asset Management, a subsidiary of First HoldCo Plc, has unveiled its N100 million ‘Smart Investors’ campaign. The campaign, according to the company, is designed to educate, engage, and empower
Abuja, July 28, 2025 — Nigeria’s promissory note debt has recorded a significant reduction, sparking growing concerns among stakeholders and public finance observers over the transparency and accountability of the debt reconciliation process. While government officials have hailed the development as a step towards fiscal prudence, critics are questioning the methods and criteria used in
