WITH just six months left until the 31st March 2026 deadline set by the Central Bank of Nigeria (CBN) for banks to recapitalise, fresh concerns are mounting across the financial sector as only 14 out of the country’s 24 licensed commercial banks have met the new capital thresholds. The recapitalisation directive, issued in 2024, demands […]
NIGERIA has marked a historic turning point in its oil and gas sector with the completion of the $400 million Otakikpo Terminal in Rivers State by Green Energy International Limited (GEIL)—the country’s first fully indigenous crude oil export facility. For over 50 years, Nigeria’s crude exports have been funneled through foreign-built terminals owned and operated […]
NIGERIA, Africa’s most populous nation and one of the continent’s agricultural powerhouses, is grappling with a paradox: while it produces vast quantities of food, a staggering portion of this output never makes it to the consumer’s table. The culprit is post-harvest losses, a problem often described as a “silent thief” because of its ability to […]
THE Wunti Al-Khair Foundation has trained more than 1,000 entrepreneurs in Bauchi State on business management, loan application processes, and registration with the Corporate Affairs Commission (CAC), in a bid to expand access to finance and strengthen small businesses. The participants benefited from mentorship sessions covering financial literacy, market positioning, business mindset, and growth […]
NIGERIAN traders advancing beyond basic strategies often discover that international trading methods don’t always fit local realities. The Naira’s extreme volatility, infrastructural challenges, and political uncertainties demand modified approaches tailored to Nigeria’s unique economic environment. Understanding Local Market Realities Trading techniques that succeed in developed economies—like high-speed scalping—often fail in Nigeria due to issues such […]
THE Federal Government of Nigeria has officially gazetted its new tax reform laws, with full implementation set to begin January 1, 2026. The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, disclosed this development in a post on X (formerly Twitter) on Monday. The newly gazetted laws include: Nigeria Tax […]
FORMER Nigerian President Olusegun Obasanjo has renewed his call for a single African currency, citing the continent’s heavy reliance on foreign currencies as a barrier to economic growth and intra-African trade. He made the remarks during a Fireside Chat moderated by CNBC Africa’s Fifi Peters at the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, […]
THE Women in Management, Business and Public Service (WIMBIZ) has revealed the theme for its upcoming 24th Annual Conference, scheduled to take place on November 6 and 7 in Lagos. The conference theme, ‘O.W.N – Own. Walk. Nurture is designed to inspire women to take ownership of their leadership journeys and empower the next generation. According […]
THE Federal Government has unveiled the Nigeria Postharvest Systems Transformation Programme (NiPHaST), to ensure a resilient, efficient, and inclusive post harvest handling and storage system that reduces losses of produce. This is disclosed in a statement by Ezeaja Ikemefuna, Head, Information Department, Ministry of Agriculture and Food Security on Sunday in Abuja. Ikemefuna said the […]
THE Debt Management Office (DMO) has advised states to adopt measures that will prevent a debt crisis in their states. Director-general of the DMO, Patience Oniha, stated this at a World Bank-supported workshop in Lagos, with the theme ‘Borrowing Guidelines for Top Policy Makers.’ The workshop was organised to enlighten the states on legal frameworks […]