Ayorinde Ejioye Joins Forbes Business Council
Ayorinde Ejioye, COO of Gidi Real Estate, has been admitted into the Forbes Business Council, recognized for his business leadership and public service impact.
Category : Business
Dr. Asu Kunemofa Honored for NDDC Financial Governance
Dr. Asu Kunemofa, Director of Finance at NDDC, receives recognition for strengthening financial governance and transparency, with tributes highlighting her two decades of public service impact.
Seplat Hits N10,450 Share Price, Investors Gain N2.9 Trillion
Seplat Energy becomes first NGX-listed company to cross N10,000 share price mark, reaching N10,450. Nigerian stock market capitalization hits N132.49 trillion as investors gain N2.9 trillion.
Nigeria's Gig Economy Hits $5.17bn, Ride-Hailing Leads Growth
Nigeria's gig economy has expanded to over $5.17 billion, contributing 2.8% to GDP, with ride-hailing emerging as a key driver of flexible income opportunities amid limited formal employment.
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Naira Gains to N1,343 as Dollar Liquidity Surges 260%
Nigeria's naira appreciated significantly to N1,343.77 per dollar at the official market following a massive 260% increase in dollar liquidity. Foreign portfolio investments boosted demand while global oil price declines introduced uncertainty for future
Tinubu: Colonial Tax Laws Made Nigerians Poor, New Reforms to Help
President Bola Tinubu states outdated colonial-era tax laws contributed to economic hardship and poverty in Nigeria. He commissions new NRS headquarters and introduces reforms for inclusive growth.
Nigerian Farmers Cut Rice Farming as Prices Crash Due to Imports
The price of a 50kg bag of rice is falling across Nigeria due to cheaper imports, forcing local farmers to reduce production. Over 60 rice mills have closed as the industry struggles with high costs and smuggling, raising food security concerns.
Ikediashi Headlines Seven Wonders of Nigeria Virtual Series
Lucia Ikediashi, a prominent creative arts and tourism expert, will headline the Seven Wonders of Nigeria Zoom Conference 3.0, focusing on transforming cultural festivals into tourism drivers.
Afe Babalola Calls for Speedy Completion of Ekiti Highway
Aare Afe Babalola, founder of ABUAD, has appealed to the Federal Government to expedite the Ado-Ijan road project, citing severe hardships and economic losses for the community.
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African Oil Producers, Refiners Seal Pact on Market Integration
African oil producers and refiners have agreed to deepen cooperation on infrastructure, regulation, and market integration, with a focus on harmonizing fuel standards and boosting energy security across the continent.
LPG Price Surge and Middle East Crisis Hit Nigeria's Gas Market
Industry experts warn that soaring global LPG prices and Middle East supply disruptions are jeopardizing Nigeria's clean cooking expansion, with affordability challenges blocking access for vulnerable households.
Nigeria's Crude Evacuation Crisis: Key to Higher Oil Output
Nigeria's oil sector faces critical inefficiencies in crude evacuation, hindering production and revenue. The Amukpe-Escravos Pipeline offers some relief but fails to address deeper structural issues like security risks and underinvestment.
Gateway Airport to Elevate Ogun as Trade Hub
Sifax Group Chairman Dr Taiwo Afolabi praises the new Gateway International Airport in Ogun State, highlighting its potential to boost economic growth, attract investment, and enhance the state's industrial standing.
Tinubu's Reforms Boost Nigeria's Revenue to N3.6 Trillion Monthly
Nigeria's monthly revenue has soared from N711 billion to over N3.6 trillion under President Tinubu's reforms, according to the NRS boss, while Peter Obi criticizes rising debt as a disaster risk.
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NMDPRA Warns Against Rigid Fuel Spec Harmonisation in Africa
NMDPRA CEO Saidu Mohammed cautions African policymakers against rigid fuel specification harmonisation, advocating a phased approach to reflect diverse regulatory and infrastructure realities across the continent.
Nigeria Drives Integrated African Gas Market for Energy Growth
Nigeria leads efforts to create an integrated African gas market, hosting a ministerial roundtable with West African nations and the World Bank to enhance cross-border infrastructure and coordination, aiming to leverage vast gas reserves for regional ener
Nigeria's $700M Maritime Fund at Risk from Structural Issues
The $700 million Cabotage Vessel Financing Fund faces threats from structural constraints and foreign firm dominance, risking increased debts for local shipowners without sectoral growth, experts warn.
IMF Downgrades Nigeria's GDP Outlook, Warns of Risks
The IMF has revised Nigeria's 2026 GDP growth projection to 4.1%, down from earlier estimates, citing global energy market disruptions from the Middle East conflict. The Fund warns of rising inflation and financial pressures.
Rensource Unveils New Leadership for Africa Expansion Drive
Rensource Energy has restructured with a new board and executive team, shifting to a multi-technology renewable energy platform and expanding across Africa under a 'Proven in Nigeria, Ready for Africa' strategy.
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CycleFlow Launches Supply Chain Finance Platform for SMEs
CycleFlow, powered by C2FO and backed by IFC, has launched a supply chain finance platform in Nigeria to provide affordable working capital to MSMEs, aiming to facilitate up to $30 billion in annual financing and create over 480,000 jobs.
Nigeria Gig Economy Hits $5.17B, Ride-Hailing Leads
A new report reveals Nigeria's gig economy has surpassed $5.17 billion, with ride-hailing accounting for 24% of participation. The sector provides flexible income, especially for youth, and contributes 2.8% to GDP.
Nigeria Must Reform Exports to Become West Africa Hub, CEO Says
Frederik Klinke of APM Terminals Nigeria calls for regulatory reforms, port modernization, and digital integration to capture East-West Africa trade growth, citing a 1,085% surge in export volumes.
Nigeria Signs $1B Steel MoU with India's Rashmi Group
Nigeria's Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding with India's Rashmi Metaliks Group to revitalize the nation's steel industry over three years.
Weak Value Addition, Infrastructure Hurt Nigeria's Non-Oil Exports
Industry experts warn that Nigeria's non-oil exports face challenges from weak value addition and infrastructure gaps, limiting global trade opportunities despite record growth in volumes and earnings.
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High Costs Ground 80% Fishing Vessels, Threaten 10,000 Jobs
Over 80% of Nigeria's fishing vessels are grounded due to soaring fuel prices, causing fish scarcity and price hikes, with 10,000 jobs at risk, prompting calls for government intervention.
Nigeria's Economic Paradox: Growth Figures vs. Poverty Reality
While Nigeria's macroeconomic indicators show improvement under Tinubu's reforms, poverty rates have surged to 63%, affecting 140 million citizens. This analysis reveals the disconnect between elite statistics and the harsh realities faced by ordinary Nig
Shiroro Dam: From Power Reserve to Overused Asset
An analysis of how Nigeria's Shiroro Hydroelectric Power Station, designed as a seasonal reserve, has been misused due to systemic failures in the power sector, worsening annual electricity crises.
Enugu NG-CARES Targets 3,000 Rural Beneficiaries
Enugu State launches new NG-CARES phase targeting over 3,000 rural beneficiaries with water, sanitation, and enterprise support. UNESCO commends Governor Mbah's Smart Schools initiative, pledging partnership in digital education and cultural heritage.
Recapitalized Banks May Not Boost Nigeria's Economy
Despite raising N4.65 trillion in fresh capital, Nigerian banks face constraints from high interest rates and tight monetary policies, limiting their ability to drive economic development through credit expansion.
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Infrastructure Development Key to Nigeria's Industrial Growth
Industry experts at the West Africa Infrastructure Expo call for urgent infrastructure development to unlock Nigeria's industrial potential, citing financing gaps and intergovernmental overlaps as major hurdles.
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