In a bold move that redefines its role in national development, the Nigerian Postal Service (NIPOST) is making waves with two groundbreaking partnerships—one in healthcare logistics with the National Agency for the Control of AIDS (NACA), and the other in international shipping with KLM Royal Dutch Airlines. Together, these collaborations […]
In a historic move poised to reshape the global creative landscape, the African Export-Import Bank (Afreximbank) has unveiled a $1 billion Africa Film Fund aimed at revolutionizing the continent’s film and television industry. Announced on May 7, 2025, in Kigali, Rwanda, the initiative is being launched through FEDA—the Bank’s development […]
The long-anticipated commencement of commercial flights from Gateway International Agro-Cargo Airport in Ogun State is now within reach, as officials from the Nigerian Airspace Management Agency (NAMA) initiated a critical phase of validation on Monday. NAMA’s Flight Calibration Services team, led by Engr. Miri Selzing, conducted aerial and on-ground checks […]
Markets surge as former U.S. President Donald Trump delivers a fiery trade policy update, aiming to boost American industry and invite global business relocation. In a dramatic announcement that reignited trade tensions and shook up global markets, former U.S. President Donald J. Trump declared an immediate 125% tariff on Chinese […]
Sweeping Changes to Drive Efficiency and Investment in Nigeria’s Oil Sector In a bold move to strengthen Nigeria’s oil and gas industry, President Bola Ahmed Tinubu has reconstituted the Nigerian National Petroleum Company (NNPC) Limited board, appointing new leadership to steer the corporation toward greater efficiency, transparency, and profitability. The […]
Nigeria’s Foreign Reserves Surge Amid Strategic Policy Reforms The Central Bank of Nigeria (CBN) has announced a remarkable increase in the country’s Net Foreign Exchange Reserve (NFER), marking the strongest position in over three years. As of the end of 2024, NFER surged to $23.11 billion, a significant jump from […]
Dangote Retains Top Spot as African Billionaire Fortunes Soar Four Nigerian business magnates—Aliko Dangote, Femi Otedola, Mike Adenuga, and Abdulsamad Rabiu—have been named in the 2025 Forbes Africa Billionaires List, solidifying Nigeria’s status as a key player in the continent’s economic landscape. Forbes released the much-anticipated list on Saturday, March […]
The Federal Competition and Consumer Protection Commission (FCCPC) has ordered MultiChoice Nigeria, the operator of DStv and GOtv, to maintain its current subscription prices until an ongoing investigation into the company’s proposed tariff adjustment is concluded. This directive, announced on Thursday by Ondaje Ijagwu, FCCPC’s Director of Corporate Affairs, comes […]
Nigeria’s Agricultural Transformation Gains Momentum with Mechanization Drive In a historic step toward modernizing agriculture and boosting food security, the first batch of 2,000 Belarus tractors has arrived in Nigeria — a move that underscores the government’s commitment to agricultural mechanization and rural economic growth. This development is part of […]
Lagos commuters can now enjoy enhanced rail services as the Red Line Rail Service expands its daily trips, starting today. The upgraded schedule includes five morning and four evening trips, a significant increase from the previous two-morning trips. With a total travel time of just 50 minutes between Agbado and […]
