Business

Following the crash of CBEX, the Securities and Exchange Commission (SEC) has issued a warning to social media influencers and bloggers, cautioning them against promoting unregistered investment schemes. The Commission emphasized that it is working closely with law enforcement agencies, including the Economic and Financial Crimes Commission (EFCC), the Nigerian Police Force, and other relevant government bodies, to investigate and…

The Niger/Kogi Command of the Nigeria Customs Service (NCS), in collaboration with Operation Whirlwind, the Service’s anti-smuggling task force, has dealt a significant blow to fuel traffickers with the interception of N25 million worth of petrol or Premium Motor Spirit (PMS) at the Babana border axis. The coordinated operations led to the seizure of 500 jerrycans and two drums of…

The National Information Technology Development Agency (NITDA) has announced the inaugural meeting of the Startup Consultative Forum, scheduled for Tuesday, April 29, 2024. The Agency made the announcement in a statement issued on Tuesday by its Director, Corporate Communications and Media Relations, Hadiza Umar. Umar said the milestone event marks a significant step in deepening stakeholder engagement within Nigeria’s growing…

The Governor, Central Bank of Nigeria (CBN), Mr.  Olayemi Cardoso has expressed that the apex bank under his watch inherited crisis of confidence and remained resolute in fixing Nigeria’s economy by stabilizing the naira and tackle rising inflation. The CBN in post on X tweets that Cardoso in a fireside chat, spoke with Nobel Prize-winning economist Dr. James Robinson, Reverend…

The Federal Government has announced the temporary closure of the Akanu Ibiam International Airport, Enugu, for emergency runway rehabilitation. According to a statement issued on Friday by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection at the Federal Airports Authority of Nigeria (FAAN), the closure follows the discovery of a sudden and significant rupture on a critical section…

Afreximbank Research’s Trade Intelligence Solutions has revealed that Nigeria, Algeria, Egypt, Tanzania and Ethiopia are to dominate the construction industry in 2025.  The arm of Afreximbank in its latest research report on the African Construction Industry outlook for 2025, noted that Africa’s construction industry is set to expand in the coming years from $179 billion in 2024 to $337 billion…

The Nigeria Customs Service (NCS), Ogun I Area Command has intensified its anti-smuggling operations, seizing a total of 161 smuggled items between January and March 2025, including arms, ammunition, and large quantities of Cannabis Sativa. Speaking at a press briefing in Idiroko on Tuesday, 15 April 2025, the Customs Area Controller (CAC), Comptroller Muhammad Shuaibu, revealed that the seizures with…

A conflict has erupted between the Anambra State Government and Innoson Vehicle Manufacturing (IVM) following the partial demolition of the company’s head office in Nnewi. The Anambra State Commissioner for Works, Mr. Ifeanyi Okoma, confirmed that the demolition was part of a broader road expansion project targeting structures along the Nnewi-Owerri Road. According to him, the affected buildings—including churches and…

The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s broad money supply (M3) surged to an all-time high of N114.2 trillion in March 2025. M3, which serves as the most comprehensive measure of money in circulation within an economy, includes not only the cash used in everyday transactions but also large-scale deposits and financial assets that influence lending, investment,…

The Group CEO, Nigerian National Petroleum Company Limited (NNPC Ltd.)., Mr. Bashir Bayo Ojulari on Thursday said the company is fostering stronger trade collaboration and strategic partnerships between NIgeria and the United States. He stated this when he received the United States Ambassador to Nigeria, His Excellency Richard M. Mills Jr., at the NNPC Towers.