N29.84bn Pension Backlog Traps Workers' Funds

Nearly N30 billion in pension contributions remains uncredited to workers' RSAs due to employer errors and data issues, with Stanbic IBTC Pension Managers holding the largest share.

African Wealth Fuels Global Mobility Solutions Demand

High-net-worth individuals across Africa are increasingly adopting global mobility solutions like Citizenship-by-Investment and Residency-by-Investment to protect and expand wealth, marking a shift in financial strategies.

Oando Starts Gas Supply to Bayelsa 60MW Power Plant

Oando Plc and NNPC Exploration and Production Limited have begun supplying gas to a 60-megawatt independent power plant in Yenagoa, Bayelsa, aimed at boosting electricity reliability and economic growth in the region.

Stakeholders Urge Tariff Review as High Costs Cripple Trade

Freight forwarding and clearing sector stakeholders warn that Nigeria's current revenue-tariff structure is stifling trade, driving businesses to shut down, and worsening inflation. They call for urgent policy reforms to protect indigenous operators and e

Ekiti Celebrates Global Cassava Producer Agbeyewa Farm

Ekiti State Governor Biodun Oyebanji praises Agbeyewa Farm for becoming the world's top cassava producer, highlighting agricultural growth and economic expansion. The Ooni of Ife urges traditional rulers to support investors, while Ondo's governor discuss

Nigeria Hits $6.1B Non-Oil Export Record in 2025

The Nigerian Export Promotion Council announced a historic $6.1 billion non-oil export value for 2025, with 8.02 million metric tonnes shipped to over 120 countries, highlighting efforts to boost compliance with international standards.

Soueast Enters Nigeria Market, Plans Local Assembly

Chinese automaker Soueast has officially entered the Nigerian market through a partnership with Kewalram Chanrai Group, unveiling four SUV models and announcing plans to begin local assembly by August 2026.

Chibundu Victor Chisom Wins Mikano Changan Creators Challenge

Chibundu Victor Chisom emerged as the overall winner of the Mikano Changan Creators Challenge, securing a brand-new Changan CS35 SUV. The event highlighted Mikano's strategy to integrate its vehicles with Nigeria's digital ecosystem through creative conte

Developing Nations Launch Borrowers' Platform at IMF-World Bank

Developing countries have launched the first-ever Borrowers' Platform at the IMF-World Bank Spring Meetings, aiming to reshape global finance. The platform, with UNCTAD as secretariat, unites finance ministers to enhance debt management and amplify collec

Providus Bank Launches T2T for African SME Export Growth

Providus Bank has initiated the Training to Transaction (T2T) Programme, partnering with key organizations to help African SMEs transition from export readiness to active international trade, addressing gaps in the trade ecosystem.

Jet A1 Price Dispute: Marketers Challenge Airlines' Claim

The Major Energies Marketers Association of Nigeria disputes airline claims of N3,300 per liter Jet A1 prices, citing market realities and global supply chain disruptions while Nigeria's crude oil revenue sees significant boost.

FirstBank, Ekiti Launch Innovation Fund to Empower Startups

FirstBank has partnered with the Ekiti State Government to launch the Innovation Enterprise Support Fund, providing funding, mentorship, and market access to startups and tech-enabled businesses to drive economic growth and job creation.

Reps Expand Probe into N1.12tr Anchor Borrowers Funds

The House of Representatives has deepened its investigation into the N1.12 trillion Anchor Borrowers Programme, summoning insurance firms over alleged gaps. Meanwhile, Adamawa Governor calls for a fairer revenue-sharing formula to address state-level chal

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