Business

The Chairman of First Holdco Plc, Mr. Femi Otedola has projected that the naira could strengthen to below N1,000 per dollar before the end of the year, citing Dangote Petroleum Refinery’s attainment of full capacity. In a post on X on Thursday, Otedola described the feat achieved by the refinery as a key turning point for Nigeria’s foreign exchange outlook.…

The $2.3 billion Siemens power agreement signed under former President Muhammadu Buhari failed to gain momentum and remained largely dormant until President Bola Tinubu revived it upon assuming office, Germany’s Deputy Head of Mission in Nigeria, Johannes Lehne, has disclosed. Speaking on the second day of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lehne said the…

Nigeria recorded about $21 billion in capital importation in the first 10 months of 2025, a sharp rise from the $12 billion posted in 2024 and less than $4 billion in 2023. The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this on Wednesday while defending the ministry’s 2026 budget proposal before the House of Representatives joint committee on…

United Bank for Africa (UBA) Plc  has launched a new Aggregator Sales Structure for its RedPay POS and Agency Banking Network, as part of efforts targeted towards the advancement of its mission to deepen relationship with its network and most importantly, expand financial inclusion across Nigeria. The newly launched multi benefit structure which offers partners a comprehensive value proposition, was…

The Federal Government has approved a major redeployment of senior officials across key aviation agencies to improve coordination, accountability and operational efficiency within the sector. The reshuffle, sanctioned by the Ministry of Aviation and Aerospace Development, affects directorates in the Nigerian Airspace Management Agency (NAMA), Nigeria Civil Aviation Authority (NCAA), Nigerian Meteorological Agency (NiMet) and the Nigerian Safety Investigation Bureau…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed the Federal Government’s commitment to strengthening digital capacity across the public service. Speaking at the Digital Literacy for All (DL4ALL) training awards programme, Inuwa said Nigeria aims to achieve 95 per cent digital literacy by 2030, with an interim target of 70 per cent by 2027.…

An Arik Air flight en route from Lagos to Port Harcourt was diverted to Benin City on Wednesday after the crew detected an unusual sound from one of the aircraft’s engines. The airline confirmed that Flight W3 740 was redirected to Benin Airport as a precautionary measure while descending to Port Harcourt. According to a statement issued in Lagos by…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has pledged the agency’s full support for the Corporate Affairs Commission’s (CAC) artificial intelligence-driven transformation as the commission marked its 35th anniversary in Abuja. Delivering a goodwill message at the celebration held at the Ladi Kwali Hall of the Abuja Continental Hotel, Inuwa commended the CAC for its…

The federal government, in partnership with global telecommunications company Ericsson, is set to launch the Connect NextGen Innovation Hackathon aimed at equipping Nigerian youths with modern digital skills. The four-month programme, overseen by the Office of the Vice President, will be officially launched on Wednesday, February 11, 2026, at the Presidential Villa, Abuja. The hackathon is part of the implementation…

The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, enhance financial security and actively participate in national economic growth. Speaking during a strategic engagement with the Head of Service of the Federation, Dame Didi Walson-Jack and top officials of the service, the Director-General of the SEC,…