THERE’S a lot of hype right now about how intra-African trade through the African Continental Free Trade Area (AfCFTA) could replace the considerable loss of African exports to the United States (US) precipitated by the Trump administration’s steep tariff hike. Intra-African trade – which, at about 15–16 per cent of all African trade, is relatively low – […]
By OLUSEGUN KOIKI WESTSTAR Associates Limited, the authorised general distributor of Mercedes-Benz in Nigeria, has raised the alarm over the global increase in counterfeit automotive parts. This followed Mercedes-Benz’s 2024 report revealing alarming figures, which claimed that 793 raids conducted worldwide led to the seizure of more than 1.5 million fake Mercedes-Benz products. A statement […]
DESPITE multibillion-dollar investments in rice mills to boost local processing and production, many mills are closing or producing below capacity due to many reasons, as revealed in this piece. The Nigerian rice economy was worth an estimated ₦2.5 trillion in 2018, growing from ₦1.1 trillion in 2016, according to KPMG market analysis. According to the […]
By JOSEPH CHIBUEZE, Abuja The Debt Management Office (DMO) is offering the ₦200 billion Federal Government of Nigeria (FGN) bonds in August for subscription by auction. The DMO, in a statement posted on its official website yesterday, announced that the auction would take place on Monday 25 August 2025, with settlement fixed for Wednesday 27 […]
By BANKOLE ORIMISAN THE Nigerian Insurers Association (NIA) has initiated its 2025 Innovation Lab, a six-week accelerator programme designed to transform Nigeria’s insurance sector through cutting-edge technology, strategic partnerships and start-up-driven solutions. Unveiled in Lagos, the initiative aims to serve as a collaborative hub where insurers, startups and fintech partners co-create scalable solutions tailored to […]
By ADEYEMI ADEPETUN A total of 13,597,057 accounts have been taken down from social media platforms following the enforcement of the Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries. This comes as the Federal Government commended efforts of social media platforms, including Google, Microsoft and TikTok, for bringing some sanity to the […]
By EJIKE EJIKE ETHIOPIAN Airlines has revealed plans to add extra three flights to the Nnamdi Azikiwe International Airport, Abuja from 28 October 2025. The airlines announced the plan in a statement issued by the its Nigeria’s Area Manager, Mrs. Firiehiwot Mekonnen. Mekonnen explained that additional three flights will be conducted weekly to the daily […]
By ANGELA ATABO MR. Abiodun Olaniyi, Project Coordinator of the Nigeria International Agriculture Expo (NIAEXPO 2025), has said that the upcoming expo will enhance Nigeria’s agribusiness potential and reinforce its standing in the global agricultural market. Speaking at a press conference on Wednesday in Abuja ahead of the 7th edition of the event, Olaniyi said […]
ITEL Energy, a subsidiary of the itel brand, is making a bold play in Nigeria’s fast-growing renewable energy sector, unveiling new solar solutions designed to transform how homes and businesses access uninterrupted power. The company introduced two new All-in-One (AIO) solar power systems: the Power Tank 500W AIO and the 3.6kW + 8kWh AIO, marking […]
THE National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications submitted by seven Primary Mortgage Banks over alleged non-compliance with its housing loan guidelines. In a circular dated 11 August 2025, signed by the Head of Benefits and Insurance Department, Obiora Ibeziako, and […]